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Nifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPickNifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19646 ( 19745) and touched low & high of 19572 and 19871. Nifty long call was given Three week back (at 19250) and touched all time high 19996 RSI and Stochastic level dipped to 60 % & 48%. Nifty- In Short term might increase Resistance at 20000, Support at 19500 ( Shown in thick red support line) Nifty Medium Term - Above 20000 it will take it to 20100-20150-in Medium term. Nifty support at 19300/19000 Can initiate sell around 20000-20150 ( Fibonacci 1.618 level) Long term- Q1 results are average for majority stocks except Bank stocks so far & to review the Q2 results. Stock specific approach needed in upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Can add CIE Automotive (RS 473.5 ) and AXIS Bank (950) in their portfolio with Medium term outlook - 30-Jul-23 HDFC Bank , L&T Tech ( 8% up), KPIT , PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (16 %), Route Mobile, Bank of Maharashtra ( 25 %), Andhra Paper(3%) Accelya Solutions Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Negative Closing and a bearish engulfing on daily chart. Negative Closing and a bearish engulfing on daily chart. Also in the hourly parallel channel 50 hours EMA is broken. In addition to this mid-channel support is also broken. This smell of weakness in the bull rally and perhaps a second signal of bear waking up from their comma. From the data available weekly closing below 19298 can change the trend of Bull rally and totally awaken the bears. Till we are above 19298 we can consider this fall as correction and consolidation within the Bull Rally. Nifty Supports: 19641, 9578, 19507, 19373. and 19298. Nifty Resistance: 19743, 19823, 19874 and 19939.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Again 20K ??After a strong fall price is again showing strong bullishness from the zone 19625 levels. If this is a retracement tomorrow again falls, if its a buyers move it will again reach ATH again. Until price breaks this level don't go for short... keep on buy side price will again test ATH levels, Bearish gap left at ATH may fill. So based on price opening will decide to go long or short. Note:: If price breaks 19600 levels, it again gives us retracement...then will go for short side...
NSE:NIFTY
by IIT-Trader
19750 and 50 Hours EMA at 19723 major supports for Nifty. 19750 and 50 Hours EMA at 19723 major supports for Nifty. Below these 2 levels the support for Nifty will be near 19621 and 19516. Nifty becomes vulnerable and bears can tighten their grip below 19516. Below 19516 only 19347 is the major support (200 Hours EMA). Trend can change to bearish below this level. Resistance on the upper side for Nifty will be near 19827 and 19890. If these resistance are crossed Nifty will once again look at aiming towards 20K mark if it able to conquer final 2 resistances at 19939 and previous high of 19991.85.
NSE:NIFTY
by Happy_Candles_Investment
Mid-Channel Support and 50 EMA on Hourly Parallel channel BrokenMid-Channel support and 50 hours EMA on Hourly Parallel channel is Broken and now the next support for Nifty is only near 19633. Other supports for Nifty are near 19572 and 19516. 200 EMA which will be like major support for the existing rally is near 19289. Below 19289 the Rally may fizzle out and bears will strive to take control. Resistances on the upper side will be the zone between 19708 to 19761 (Major resistance zone now as it will have several resistances including 50 hours EMA and Mid channel Resistance). Crossing this zone is difficult but if Nifty does cross it next resistances will be near 19827, 19890 and finally 19939.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Liquidity @19700 ??nifty almost touched the 20K level, before going to break this level it will give us a pullback to 19700 levels, where the liquidity lies on these areas. if wee see on top we have next resistance @20100 level, and monthly resistance @20170 level. we have support at 19750-19700 levels,where a strong bullishness is initiated. if this is the end of uptrend it will test 19400 levels again. will see on live market what happens. Thankyou guys for your support.
NSE:NIFTY
by IIT-Trader
Nifty missed our Target of 20002 by about 10 points. Nifty just missed our Target of 20002 by just about 10 points. RSI is indicating that the Nifty has entered the overbought zone and a small or medium sized correction is due. however the fibonacci levels applied to Nifty Indicate a medium term target of Nifty near 20126. To reach there Nifty has to cross the major hurdle at 20002. Incase Nifty respects the Overbought Zone RSI correction theory a little bit of Correction might be due with a support at 19800, 19724, 19418 being a major Fibonacci support and below that 19321 is the main support. 50 days EMA of Nifty is too deep at 18861 below which the trend will change into a negative one.
NSE:NIFTY
by Happy_Candles_Investment
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--Which is Support @19500 or Trendline ??The NIFTY index again broken the ATH... multiple times break out above ATH and it's reversal.... so what happens in nifty is...the trend is bullish to Sideways... it is also moves in a channel... price faced resistance multiple times @19500-19520 zone... if tomorrow price acts as a support...it again moves up... if price again falls below price is continue its movement upto the trendline... we have trendline support as well...until price breaks this trendline will be on the buy side... if trendline failed to acts as support,the same zone is acts as resistance... sellers takes price again to bottom side... All this is pre and post market analysis...we cannot assume anything what happens... will see on live market what's happening... If this post is helpful please give me a like... thank you guys for supporting me...
NSE:NIFTY
by IIT-Trader
Nifty Weekly Analysis for Jul 17 - 21🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 17 - 21 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 19190, 19200, 19330, 19600. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional view (Sideways). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19600, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890level. 📊 Support Level: As long as Nifty sustains above the support level of 19190, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
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--Fall or Rise??Price broken the strong demand..tested the supply zone...and fall happens.. will it fall more...rise from this level... price has broken the trendline as well... if price falls without retest...later will test the trendline and fall more. if a continuous fall happens it will rise from the 19260-19280 zone to some extend and fall. after clearing the bullish gap left..price will rise towards the trendline or previous resistance. careful at these levels...without any confirmation don't take any action. please check the previous analysis on bottom links... thank you very much..
NSE:NIFTY
by IIT-Trader
6
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--HTF to LTF Analysis ??Observations:: price has broken the strong demand @19375-19350 range strongly... we have observed a trendline forms by breaking the demand zone.... If tomorrow trendline acts as resistance will observe a fall towards the bottom side gap may fills... If price breaks the trendline and gives us retest and failed to make a new low below 19300, then will go for buying upto ATH. Note : After break of trendline price may also fall below... fake out at trendline may also possible... At ATH we observed that a supply zone,if resist price again falls below... untill price breaks the supply zone and retest of any previous zones will go for buy. If price fills the gap on bootom side... we will go for buy on trendline break and retest... LTF::
NSE:NIFTY
by IIT-Trader
1
Nifty Weekly Analysis for Jul 10 - 14🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 10 - 14 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18890, 19190, 19200, 19235, & 19525. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional view (Sideways). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19525, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890level. 📊 Support Level: As long as Nifty sustains above the support level of 19190, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
NIFTY--Trend Resumes or Reversal ??Observations:: In higher time frames nifty is still in uptrend...if its continue or reversal will see in live. 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.. will see on live market what happens...
NSE:NIFTY
by IIT-Trader