Get started

Niftylong

NIFTY--Retracement or Reversal ?? The price has exhibited significant bullish momentum starting from the 19,200 levels. However, before attempting to challenge the bearish gap left at the all-time high (ATH), it's likely to experience retracements towards previous resistance levels. Should these resistance levels fail to sustain upward pressure, a notable bearish reversal could become apparent. Following a period of strong bullish movement, the price appears to have entered a ranging phase. During this phase, it may be prudent to consider short positions, anticipating the possibility of price offering discounts before potentially resuming its upward trajectory. If retracement failed, they will take the price entirely to the bottom side...keep safe before long. Reversal may occur.
NSE:NIFTY
by IIT-Trader
3
NIFTY--Consolidation + Bullish ??Nifty index, After breaking a trendline failed to move upside.... Now after 3 successive gap ups price tested the support again and showing us strong bullish in action. multiple times price taken the reversal from 19500 levels... this level is failed to take the price downside... If this strong bullish momentum will clears an obstacle to reach the bearish gap left @19750 levels... then will soon that level be tested. If price opens up and may continue upside... or if price may gives us some retracement to 19380-19360 levels will look for long , gives us discount. Its already giving discount after 3 successful gap ups, saying I am bullish we have resistance @ 19600 may gives us pullback if it is a bullish scenario. this is the only shortcut way to reach the resistances again... If we see at 19300 levels price consolidation + moving upside means a chance of bearish again...keep safe before long after these resistances. will see in the next session what happens...
NSE:NIFTY
by IIT-Trader
2
NIFTY--20K or 19K ??Nifty :: Today price broken the channel and retested...showing bullish momentum towards upside.. if this momentum continues or reversal takes place.... what pivot points are suggesting us :: If we see on the Monthly Chart price is broken the R1 with consolidation with a up channel... Resistance R1 is placed @19440 level broken and reach the R2. if we see the next resistance is placed @20175...will price really reach the R3. On bottom side if we see support is located @18700 level... If we see the weekly analysis price is broken the Weekly-R1, and next resistance is located at 19763 level. so we have weekly support located at 19400 range... the next targets for weekly on above side is located at 19765 and 19930 levels. If we see the daily Levels:: Today price broken the R1 with consolidation...and breaks the R2. and the next resistance is located @R3=19790 Level,which is weekly Resistance. so tomorrow we may reach this levels, so consider them as levels of resistance... The support is located @19470 range, which is slightly above the weekly support. the next 2 resistances are 19790 and 19890 Levels. so, until price breaks this level Support point located at S1,19470 We will not go for short side. consider today observations:: price is broken the R1 strongly with consolidation... if this R1 acts as support will be on buyside for targets of R2,R3,R4 as shown in the chart. if price tests R1 and not able to Break R2, breaks R1, will go for short side with pullback to R1 up to P,S1,S2,S3. ---------------------------------------------------------------------------- Here I am using the indicator Pivot point standard pivots type:: Traditional. Keep use this on to your chart it's very clear. All this is useful when ever price broken the ATH, so many traders are requesting how to mark the levels after ATH. If we want we can also use Fibonacci levels for small targets and small SL points. just change the settings to type to Fibonacci. If this information is helpful give me a like by showing your support. thank you very much guys for your support.
NSE:NIFTY
by IIT-Trader
1
NIFTY - Cup and Handle Breakout on Weekly T/FNifty has broken out of a Cup and Handle pattern on weekly timeframe after consolidating around the resistance area of 18600. Going by the depth of the cup, we can estimate a target range of 21000 to 22000 in the coming months along with minor corrections on the way. Broadly, 18600 should be the strongest support for the rest of this year. With the softening of inflation in US and a possible Fed decision to pause interest rate hikes, an extended bull run on the index cannot be ruled out.
NSE:NIFTY
by BrahmaBull31
NIFTY--Fakeout or Breakout??price again broken the ATH,strongly but falied to take the price up... a strong gap up is observed from this level...2 times gap up is observed...it's telling us to buy at this place... until the trendline has been broken strongly and retest then only sell side is possible... on bottom side we have gap at 19200 level...which may acts as support.. if the previous resistance @19500 again acts as resistance it will again fall back... careful at this level.... will see what happens in the live market...
NSE:NIFTY
by IIT-Trader
2
NIFTY--Daily AnalysisObservations:: price has broken the strong resistance @18900 without giving any retracement. price moved continuously with gapup and continuation format. from last two days price is in a range and today again the range is broken... if this continue its momentum or will give us some pullback to the previous resistance. price created a demand zone @19380-19340 range.... today price has taken the demand zone entry and moved up...no short side momentum is given for us. A multiple breaks to the upside is observed from this zone.... until price breaks this demand zone...don't think of short side. keep on buy side. when price tested this demand again, and failed to create a new high, then will see the plan of sell action. will update once it is reversed. All these analysis is post market analysis...live market is entirely different from post market analysis.. gap ups and gap downs will occur...its confusing...but with confluence will take entries...without any confirmation don't go for buy or sell. it leads to losing your trade.
NSE:NIFTY
by IIT-Trader
2
NIFTY--Trending Expiry ViewObservations:: price is exactly closed in the supply zone....where price strongly fall from these levels. we have to wait before sell... price is again fall below,19410 level,and this level has to reject for more fall. yesterday price broken the trendline and retested...now we have to check fall happens are not. the area of value at 19380 level will push the price up...to test the supply one more time... be on the bearish side from these levels... On bottom side price tested the demand zone at 19340,today it will not respect it gives us pullback or break may happens and retest will come. So will enter for short for targets of 19300 and 19260 levels. If price wants to go up, it has to break and retest of supply and then only bullish... fake out will also be happens at this level. Keep track this level...key level 19410 level.
NSE:NIFTYShort
by IIT-Trader
NIFTY--Trendline Holds or Break??Observations:: Will trendline acts as support ?? price action is completely in uptrend... today after open a gap up price fall happens strongly... buyers try to make the price higher but failed to close above 19400 level... we can consider this level as a resistance... price is now near its trend line....will see if this breaks or not. if price breaks and retest will enter for short side trade... strong bullishness is observed from the 19250 level after opening gap up... bullish gap left at 19200 is filled, if trendline acts as resistance. Bullish gap ma acts as a support also.... will see tomorrow what happens. keep track these levels. We don't go for long side...we don't have targets to book...price at anytime may reverse after All Time High.
NSE:NIFTY
by IIT-Trader
NIFTY--Which is Support Trendline or Neckline??Observations:: If both failed price clears the 2gaps below. The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone. If this fall continue towards downside or will break ATH. so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal. ok if it is a reversal, we have 2 bullish gaps left @18680 level and 18600 level. price has to respect these two gaps if any one of these gap gives support strongly, price will break ATH, if this showing buying pressure and not able to go up side.... sellers are aggressively take the price to below 18600 levels. If we see we have a trendline support as well, if price failed to break 18800 level after taking the trendline support. Breaks the trendline then enter for short after a retest is done to trendline. if no retest is observed then wait it will again comes back to the same range. Keep watch these levels...18720-18740 range if break, it will finish the gap on bottom side. if price opens below this also look for sell on retest to this zone.
NSE:NIFTY
by IIT-Trader
Strong Close by Nifty on Friday.Nifty has given a strong closing on Friday by closing above the Mid Channel line. The nifty has given a close just below a strong resistance of 18509. 18509 was high of Friday above which the Nifty could not close. One way to avoid this resistance would be to open gap up on Monday. If we open gap up on Monday above 18509 levels, the next resistance will be at 18562, 18601 and 18678. Supports on the lower side will be at 18460, 18389, 18324 (50 Hours EMA) and 18197. Below 18197 Final support will be 200 Hour EMA at 18101. Below 18101 Bears will regain the control. If by chance during the week or later this month or next month we get a closing below 18101 trend can change into negative.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY-- 18500 or 18000 ??Observations:: Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish, we have one more supply zone below @18260 if this pushes the price up again bullish ?? After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels. consolidation + down move= up side Look for selling opportunity from 18450-18500 zone, falls below 18400 levels, 18400 acts as resistance we can go for sell again.
NSE:NIFTYLong
by IIT-Trader
NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish. ------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels. -------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels. 18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels. -------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
NSE:NIFTY
by IIT-Trader
NIFTY Facing Mid-Channel Resistance. Nifty is currently facing mid-channel resistance drawn on hourly candles chart. Taking support at the channel bottom Nifty rose today but was stopped by the mid channel line. Supports for Nifty remain at: 18267, 18240, 18206 and finally 18119. Below 18119 the major support will be 200 hours EMA at 18018. Resistances for Nifty will be at: 18341, 18389 and finally 18450 which will be a major resistance. Above 18450 the channel towards 18600 opens up.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty 02 May 23 to 5 May 23 Short ,Medium and Long TermNifty 02 May 23 to 5 May 23 Short ,Medium and Long Term Nifty touched a high of 18090 ( 17865) and touched low of 17610 Nifty closed at 18065 (Prev Close 17627). Nifty crossed the key 17867 Resistance last week ( as mentioned in last week analysis) and touched above 18000, which shows a positive sign. RSI ,MACD and Stochastic are above 75% and green zone. Q4 results are being announced and many companies posted good results. As expected Banks and NBFCs are posting good results. Can be bought for Medium term. Nifty Bank already gave good returns ( +7%) in the last 1 month as mentioned in previous reports. Nifty- short term is Long. Nifty small Resistances at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines) Above these resistances next target at 184372/18465 ( fibonacci resitances) Nifty support at 17570/17530 (Inclined two trend line) Nifty Medium Term - Nifty need to break decisively above first target 18274 , next target of 18437 ( Fibonacci 0.786 Retracement) followed by prev high 18890. Nifty Support at 17387- 17340/ 17180/17200/17252 Long term- Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000 long term support at 16746 ( Sep22 Low) Long term Investors can accumulate following Mutual Funds NIFTY 50 Equal weight Bank Nifty Nifty IT ( Buy on dip)
NSE:NIFTYLong
by karthikss
Strength of the rally to be tested next week.After the much awaited break out of Nifty which was playing in the range between 17900 and 16900 it is the time for the strength of the rally to be tested. Nifty has to battle some important resistance next week to sail further upwards. All eyes will also be on FOMC meet of US Federal Reserves on 2nd May 2023. I don't want to sound pessimistic but everyone should note that this event has potential to become a party spoiler. (Looks less likely though as rally has crossed some important resistances but you can never really decouple your economy from what happens globally). Important Supports For The next week: 17973, 17878, 17779 and finally the strong buffer zone of 17473 to 17687. (This buffer zone has multiple supports including 50 Weeks EMA, 50 and 200 days EMA in addition to some other supports). Important Resistances: 18140, 18268, 18397 and 18481.
NSE:NIFTYLong
by Happy_Candles_Investment