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Niftynextweek

Nifty Round and path ahead for 28th March to 1st April 2022.As mentioned last week the resistance between 17206 and 17450 proved very difficult for Nifty to conquer. It was a mixed week with Crude trading in a volatile fashion Covid 19 cases picking up in China, South Korea, Europe and other places. The war is continuing relentlessly and I would say our market is doing extremely well to hold above 17078 which is the 50 days EMA. FIIs and DIIs were taking turns this week in buying and selling almost like playing hide and seek. Indian market are showing inherent strength. We are at cross roads any positive news can give a nice 200-300 point rally similarly any negative news will test the supports at 17078, 16988 and 16726. On the upper side resistance levels will be 17202, 17294, 17352, 17428 and finally 17628.
NSE:NIFTY
by Happy_Candles_Investment
Nifty at a crossroad. Levels for next week 14th to 18th March 22Nifty did well to close above psychological level 16600. Immediate resistance is at 16692 and a strong one is around 16814. Crossing this level Nifty can go to 17028 and 17363. Supports on the down side are 16459, 16433, 16250, 15991 and a very strong support exists at 15674. Below 15674 the Nifty can fall to the levels of 15500 and 15465. We need a very positive news from conflict zone about de-escalation or war stopping to take us beyond 16814 and 17028+. FIIs returning to buy zone can also be helpful in pushing Nifty beyond 17028 levels.
NSE:NIFTY
by Happy_Candles_Investment
Market Outlook For the Next Week 21st to 25th Feb 2022Market can move in either direction purely based on news related to and Geo-political events. Other important aspect that can give direction to the market US Fed taper and Local Election results in some important states in India. Important levels to watch for on the up side will be 17303, 17393 and 17433 which will act as resistances. Above these levels in case of some good news coming during the week related to Ukraine and Russia tussle can give wings to the market and take it to 17486, 17582, 17664 levels. Supports in case of some unwanted news can be at 17241, 17213, 17080 and 17026. Below these levels major support will be 16919 and 16807. Extreme possibilities for the next week are: Extreme upside would be : 17797 Extreme downside would be : 16425
NSE:NIFTY
by Happy_Candles_Investment
US FED spoils the party. What will happen next week?Data from US and Hawkish Fed spoiled the rally started by DII and retail investors who were on a buying spree. The support levels to watch on Nifty in the coming week will be Friday low of 17303, 17214 and 17119. 17119 will be a major support below which we will see sheer weakness in the market where bears would come into play and take market to 16840 or 50 days EMA level of 16686. On the upper side resistance levels to watch for are 17461, 17524, 17639 which was peak of the week gone by.
NSE:NIFTY
by Happy_Candles_Investment
Market Outlook for Remaining days of January 2022. What we saw during most of last week starting from 18th Jan was an exhaustive selling rally lead by massive fall in IT index. On Friday Nifty formed a Green Doji indicating that further downside might be limited if NIFTY can sustain above 17707 which was high of Friday and more specifically above 17779 in the coming week. Resistances on the upper side if Nifty closes above 17779 will be 17950 and 18186. Supports on the lower side will be 17481, 17313 and 17070.
NSE:NIFTY
by Happy_Candles_Investment