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#Nifty50 outlook for upcoming week 21-25th Oct 2024The Nifty 50 index concluded the week at 24,854, a 110-point decline from the previous week's close. Despite hitting a high of 25,212 and a low of 24,567, the index remained within its expected trading range of 25,550 to 24,350. Looking ahead, I anticipate the Nifty to continue trading between 25,400 and 24,300. A breakdown below 24,486 , the WEMA21 support level, would signal a bearish trend, potentially leading to a decline towards 23,400 or 23,300 . Conversely, a sustained move above 25,144 could pave the way for a rally to 25,500-25,600. Meanwhile, the S&P 500 index achieved a new all-time high weekly close of 5,864, up approximately 40 points from the previous week. This suggests a potential upward move of 2-2.5% from its current level, targeting the significant Fibonacci level of 6,013. It remains to be seen if this positive momentum in the U.S. market will translate into a recovery for the Indian stock market."
NSE:NIFTY
by ssudhirsharma11
Nifty is trying to stage recovery but 3 big hurdles are nearby.Nifty has on Friday tried to stage a recovery. It ended up 287 points from day's low which was a remarkable feat. Now it is staring at 3 or 4 major hurdles before Bulls can come back in business. But well begun is half the job done. The three major resistances are at 24886 that is Friday's high, 24960 that is Mother line of 1 hour chart, and 25172 that is father line of 1 hour chart. To know more about Mother, Father and Small child theory read my book The Happy Candles Way to wealth creation available on Amazon in paperback and Kindle version. After 25172 the major hurdle will be at 25211. Closing above 25211 the bulls can try to take Nifty to higher levels. Support zones for Nifty will be at 24611, 24559 and 24466. If we get a closing below 24466 the bears can pull the Nifty further down and create more downside. Disclaimer: There is a chance of biases including confirmation bias, information bias, halo effect and anchoring bias in this write-up. Investment in stocks, derivatives and mutual funds is subject to market risk please consult your investment advisor before taking financial decisions. The data, chart or any other information provided above is for the purpose of analysis and is purely educational in nature. They are not recommendations of any kind. We will not be responsible for Profit or loss due to descision taken based on this article. The names of the stocks or index levels mentioned if any in the article are for the purpose of education and analysis only. Purpose of this article is educational. Please do not consider this as a recommendation of any sorts.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Next MoveNifty have formed harmonic pattern we can expect a small down trend and after Rally also the area is above 70% of the trend line formation so we can expect buyers in Discount area 📌 Please support me with your likes 🤞🏻 and comments 💬 to motivate me to share more analysis with you and share your any opinion about the possible trend of this chart with me ! Best Regards , Davis 🥰 Hit the like 🤞🏻 button to !! Motive some energy !!🥇 📌 Note : ⨻ Check the live market updates and analysis yourself before buy 📈🔺 or sell 📉🔻 ⨺ Am not giving any advisory or signals its just my idea for upgrade my knowledge 📚 in trading ⨹ This is my pre and post market analysis to improve my trading journey 🚀 ⨂ Am Not suggesting anyone to buy or sell ❌ am just giving my views 👀 ⫸ You are responsible for your trading ✅ not me ❌ ⫷ HAPPY TRADING 🥰
NSE:NIFTY
by TRADING_MASTER_DAVIS
Nifty Plummets! All Targets Achieved in 15-Minute Short TradeTechnical Analysis: Nifty – 15-Minute Timeframe (Short Trade) Nifty provided a clear short trade setup with an entry at 25006.45 on 16th October at 2:45 PM. The trade has been highly successful, with the price reaching all designated profit targets. Key Levels Entry: 25006.45 – The short position was initiated here following a strong bearish signal. Stop-Loss (SL): 25032.75 – Placed above recent resistance to manage risk against a potential reversal. Take Profit 1 (TP1): 24973.90 – The first target was quickly reached, confirming the initial bearish momentum. Take Profit 2 (TP2): 24921.30 – Further downside pressure pushed the price to this level. Take Profit 3 (TP3): 24868.70 – The bearish trend continued, achieving this target. Take Profit 4 (TP4): 24836.20 – The final target, marking a complete and successful trade. Trend Analysis The price stayed firmly below the Risological Dotted trendline, affirming the strength of the bearish trend. The sustained selling pressure helped achieve all targets, indicating strong market momentum in favor of sellers. The short trade on Nifty has concluded successfully, hitting all targets, with the final target at 24836.20. The precision of the entry and the guidance of the Risological Dotted trendline ensured a profitable trade.
NSE:NIFTYShort
by ProfitsNinja
Mother, Father lines and the trend line stopping NiftyEvery effort of Nifty is being stopped by mother line, Father line or the trend line. It shows weakness but the turnaround might be around the corner. The possible turnaround zones can be around 24915, 24684 or 24478. If we get a closing below 24478 bears can take over. Resistances on the upper side are 25045, 25088 and 25230. Above 25230 bulls can take a commanding position. Very delicately placed Nifty with a negative shadow of the candle. But some turn around can be expected within this week or the next when we get support from one of the zones mentioned above.
NSE:NIFTY
by Happy_Candles_Investment
Baby steps taken by Nifty towards road to recovery. Today we saw Nifty take first baby steps towards road to recovery. Nifty was seen rising from channel bottom in the hourly chart. One must note that formidable Mother and Father resistance are yet to be conquered. Nifty today was blocked by Mother line which is at 25140. Father line which is at 25262 is waiting to resist further progress of Nifty. To know more about stop losses, trailing stop losses, Profit booking and investment, financial awareness in general, process of investment in Equity or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Many People who have read it consider it as hand book and perfect guide to equity investment. You can read reviews of the book or purchase the same from Amazon. The book is available on Amazon in Kindle and paperback version. I am sure you are going to find it of massive use. Once you have read the book, I assure you that you will become a next level investor. If Nifty is able to conquest Mother and Father line, the next resistances will be at 25475, 25644, 25753 and 25875 before Nifty is able to regain 26K levels. Supports for Nifty will be at 24915 (Important Parallel chanel bottom), 24684 and 24478. In worst case scenario Nifty bottom currently seems to be near 23891. It is less likely that Nifty reaches here unless there is some escalation in Middle East or some other major global event.
NSE:NIFTYLong
by Happy_Candles_Investment
weekly closing below 25000 is not a good sign for Nifty. Weekly closing below 25000 is not a good sign for Nifty. Thus turning our short term outlook a little negative. Medium to long term outlook is still positive with a chance of further consolidation and correction. If by chance there is a macro event in the Middle East at this particular junction the chances of further consolidation or a 3 to 5% fall is also a clear and present. If there will be recovery it has to be next week or perhaps mid week. Another bout of missile or similar attack can bring volatility in Crude, USD and Gold. This can effect our market negatively. There is also a another stimulus package in line by China for revival of its economy. Already FIIs have migrated enmass to China. The saving grace has been DIIs buying every dip. If DIIs will come in selling mode, Retail can also sell enmass in panic. This post is not to create panic of any kind in investors. Fundamentals of Indian markets are strong. Reliance result is expected next week. That can be a turning point for good in the market if the results are good and there is no escalation in the middle east. The warning is given here so that you can place stop losses / trailing stop losses in a proper place. Supports for Nifty are at: 24804, 24416, 23818 and 22990. Below 22990 it will be bear territory. In such a scenario bears can drag the market further down to 21989 or 21197. Corrections are a part of progress cycle as they get PE ratios at an investible / attractive levels. Resistances for Nifty are at: 25026, 25426 and 25755 before Nifty gains 26K levels again. A lot depends on macro factors now and result of Reliance next week. Status Quo in Middle East, de-escalation on war front and good Reliance result can burst all bear efforts and can turn the market positive again. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Trendline resistance continues to halt Nifty. Closing BellThe trend line resistance continues to halt Nifty. Again today after making a high of 25134 Nifty saw selling pressure mostly again from FIIs. This time Nifty closed the day at 24998 below the psychological level of 25,000. This can enable bears to make Nifty test the support zone between 24932 and 24677. The resistance of Nifty are now at 25057, 25134 and 25204 Mother line resistance of 50 hours EMA and 25294 father line resistance of 200 hours EMA. Nifty continues to squeeze between support and resistance trend line and tomorrow can be the day when we can see either a proper upwing or downward move. Above 25294 Bulls will be very aggressive and drive Nifty upwards. Below 24677 Bears will be very aggressive and thrash Nifty downwards. Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Mother & Father resistance on Hourly chart stops Nifty progressThe zone between 25234 and 25313 has resistances like Mother line, Father line and today's high. Crossing this zone will be important to cross for Nifty to progress further. If this zone is crossed the next targets or resistances will be at 25481 and 25687. Supports for Nifty are at 24932, 24667 and 24470. Below 24470 Nifty will become very weak. RSI median line at 43.59 is support and mid channel RSI at 50 will be the resistance. Shadow of the candle currently is neutral to positive. Nifty is squeezing between support and resistace trendline and can give a move in any direction tomorrow. Not sustaining the highs of the day was a negative sign but we all know taking mother and father ashirwaad (Closing above mother and father line is never easy when they are in resistance mode). Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Short Mastery on 15m Time Frame: 940 Points SecuredOn the 30th of September, we initiated a short entry at 25996.85 using the Risological Swing Trader, capturing a robust downtrend as the price continued to respect our dotted trendline indicator. To date, this strategy has delivered a significant 940 points in profit, exemplifying the effectiveness of our approach. Target Points: TP 1: 25823.50 TP 2: 25543.00 TP 3: 25262.50 TP 4: 25089.15 Stop Loss (SL): 26137.10 The Risological Swing Trader has once again proven its strength in spotting market reversals, allowing us to secure substantial gains. We will stay vigilant as we approach the reversal.
NSE:NIFTYShort
by ProfitsNinja
2
Good recovery candle by Nifty but Mother line yet to give way. Nifty gave a good recovery candle but Mother line resistance and mid channel resistance are yet to be conquered. the zone between 25052 and 25332 will play as a strong resistance as it contains resistances like Mother line (50 days EMA) at 25052 , Mid channel resistance around 25148 and a resistance from previous peak from mid september which is around 25332. Once this zone is crossed Bulls will try to take the market to the next levels which are 25481, 25657, 25992 and 26K+ again. The supports for Nifty remain at 24677, 24470, 24216 (channel Bottom support), 23942 and finally 200 days EMA or the Father line support at 23274. Below 23274 is all Bear territory. As we had indicated the market looked oversold yesterday there was a chance of short covering which happened today. Confirmation candle above 50 EMA tomorrow or later in the week will be an icing on the cake from where actual recovery can start. The candle formation today was similar to Bullish Harami pattern. (Harami in Japanese means Pregnant woman). Bullish Harami indicates shadow of the candle to be positive. The pattern can get confirmation only if the bullishness continues tomorrow and we have a positive closing of the week. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Nifty again finds itself at make or break level. Mother father supports drawn on hourly candle are gone. Mid channel support is just breached. Shadow of the candle is negative. RSI finds itself at critical level in a pennant. Nifty is still oversold territory in the hourly chart. When everything seems lost we wait for the confirmation that Nifty can give about it's temporary bottom. The support for nifty as of now seem at 24667 Bollinger band bottom support, 24470, 24216 and finally 23942 level. Resistances for Nifty are at 24935, 25147, 25574 and finally 25740. The recovery might be around the corner we can expect a turnaround but probably towards mid-week, weekend or next week.
NSE:NIFTY
by Happy_Candles_Investment
Nifty50 analysis for upcoming week 7-11th Oct 2024The Indian stock market had a volatile week, primarily driven by the escalating Iran-Israel conflict. The Nifty 50 index closed at 25,014, down 1,170 points from the previous week's close. The index made a high of 26,134 and a low of 24,966 during the week. For the coming week, the expected range for the Nifty 50 is 25,600 to 24,400 . A breach of these levels could lead to further volatility. The crucial support level is at 24,450, which is the WEMA21 support. If the index breaks below this level, a correction towards 23,000 is possible. On the other hand, the S&P 500 index closed at 5,751, forming a bullish hammer candle, which is a positive sign for the US market. If the S&P 500 can sustain above 5,800 next week, it could rise further to 5,820, 5,899, or even 6,012. A strong performance in the US market could help Indian markets recover. Overall, the market outlook for the coming week remains uncertain due to the ongoing geopolitical tensions. However, there is a possibility of a bounce in the market, especially if the S&P 500 continues to show strength.
NSE:NIFTY
by ssudhirsharma11
Nifty looking weak after closing below Motherline. Nifty has today not respected 2 key supports that are daily Mother line support and Mid-Channel support. After making a high of 25485 Nifty closed at 25014 which is just below Mother line 50 days EMA at 25065. The candle is very weak and Nifty already looking as if in the tight grip of bears and there was massive selling at upper levels. However today's low seems to be a support level. If Nifty has to make a come back it should be during first half of next week. RSI support is at 39.82 and 26 which can be the turnaround zones, right now the RSI on daily charts is at 40.63. Nifty supports remain now at 24966 weak support, 24698, 24384 and finally 23874 Important channel bottom support. If channel bottom is broken (less likely) but by chance if it is broken the only support that will remain at father line which is at 23241. Reaching there will already be a mayhem but below that (again very less likely) the Nifty will shift totally into bear territory. Next week will be very important not only incontext of the remainder of the month but also in context of the last quarter of the year. Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment