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Niftylong

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
Nifty--Expiry Levels.Yesterday, the Nifty demonstrated bullish pressure above the significant resistance level of 17800. As a result, it is expected that there will be a swift retest of this level, followed by a price increase. Support range is 17800-17840 levels. However, due to the monthly expiry, the price is currently consolidating within the range of 17960-17800 levels. It is important to keep an eye on the untested supply zone at 17680, which is anticipated to act as powerful demand in the future.
NSE:NIFTYLong
by IIT-Trader
NIFTY GOING UP to 19000 BUCKLE UP FOR THE RIDE!!! Price has started making Higher Highs which denotes an Uptrend, currently Price is giving a correction in the downward direction which again sigifies the Impulse Wave is in Uptrend and hence Uptrend is confirm. Price has this Fresh Demand formed in The Daily chart which synchronises with the Weekly Demand as well, hence this is a Trade Zone in Daily with a minumum Risk 1 against the Reward of 13 makes this a favourable Reward to Risk ratio Trade, The Target is derived as per the Fibonacci Extension considering the Wave 3 @ 1.618 Level which is Price 18948.15. Cheers !!! Enjoy the Ride!!!
NSE:NIFTYLong
by WavesandZones
Sandwiched between Support and Resistance with positive biasNifty is perfectly sandwiched between strong support and strong resistance but the bias which was negative for most of March is fading. It is a very very critical day tomorrow. Nifty has already closed on Wednesday above a critical resistance of 17060 giving it a positive bias. Now the most critical resistances that remain to be conquered are 17137 and 17261. Above 17261 Nifty can race to 17408 levels where there is another critical resistance and that a big one of 200 Weeks EMA. Nifty closing the month above 17137 will be great for momentum to be carried forward to April 2023. If Nifty can close above 17261 it can be a momentum shift and Bulls can think of making a come back in April in that case. Strong Support on the lower side remain at 16825 levels.
NSE:NIFTYLong
by Happy_Candles_Investment
Market Outlook: Nifty on the verge of momentum run.Markets have given a strong closing to the week above 50 Weeks EMA as well as above 200 days EMA. 50 days EMA remains an important resistance to conquer which is around 17815. The momentum that has built can well take the Nifty past the same if 17581 (200 days EMA) is held next week. Nifty Supports remain at: 17581, 17353 and finally 17248 (Major Support). Nifty Resistances remain at: 17769, 17815,18011 and finally 18266 (Major Resistance).
NSE:NIFTYLong
by Happy_Candles_Investment
predictive analysis of Nifty 50 with Fibonacci RetracementNSE:NIFTY presently at the support zone in between 17500-17350, this zone also being a Fibonacci retracement zone of 61.8% fibonacci level. Expecting some reversal move from hereon tomorrow onwards. All over trend is non-trending to Bearish, so don't expect much rally from here, reasonable Resistance zone would be 18270-18130 in dcb. Pl do your own study before open trade or consult with your financial advisor first, this analysis is only for study purpose, not a trade recommendation.
NSE:NIFTYLong
by biniyoger_swaralipi
Market Outlook: Perfect Doji of indecisiveness.Nifty again feeling trapped within the support and resistance zones of 17850 and 18200. Nifty tried but was not able to break free. Good news was that major support levels did not break. At global level the investors emotions are also hovering between global recession and soft landing of US economy. There is a hope of US Federal Reserve loosening the Hawkish stance but there is a fear of Bank of Japan becoming more Hawkish. It is a perfect ‘Doji’ on weekly chart again this week, indicating indecisiveness, hope and fear. Reflection of Global mood can also be seen in NIFTY. Hopefully Nifty can break on the positive side this week as there is not much space for indecisiveness left in the squeezing triangle created in the chart. Support Levels: 17854, 17767 and 17386. Resistance Levels: 18136, 18187 and 18279.
NSE:NIFTYLong
by Happy_Candles_Investment
Good Start to the New year by NIFTYMarket Outlook: NIFTY has formed a good positive candle on the first trading day of the New year and the positivity can continue if there is no negative global cue during the week. Overall Nifty on daily charts has formed a candle similar to ‘Bullish Harami’ pattern, indicating some positive bias in the investors. However, 18301 to 18389 zone is now a strong resistance as shown in the chart. Major Support Levels: 18084, 17993 and 17777. Major Resistance Levels: 18257, 18301, 18389 and finally 18473.
NSE:NIFTYLong
by Happy_Candles_Investment