Nifty 50 Strategy for 7th Oct 2022Nifty 50 Strategy for 7th Oct 2022
17360 above going long for 17379 17423 17485 17540;
17340 below going short for 17310 17243 17188 17147 17102.
Niftyoutlook
Nifty 50 Strategy for 6th Oct 2022Nifty 50 Strategy for 6th Oct 2022
17270 above going long for 1357 17414 17485 17540;
17255 below going short for 17147 17102 16993.
Nifty daily analysis for 06/10/22.Nifty after the initial gap up remained silent and moved slowly gaining around 400 points.
The market has crossed and closed above the 17270 level.
On the hourly time frame, the index opened above the 20 ema and remained between both the emas.
There is a bullish moving average cross over on a 15 minute time frame.
Support :- 16840, 16750, 16650
Resistance :- 16920, 16990-17000
The gap ups/downs are not giving much opportunity for the trend follower as there is no clear trend.
Wait and watch the price action near the levels before trading the market.
Tuesday Market Outlook / Nifty Outlook For Reminder of the weekNifty is trying to break free from the bear grip on the basis of Global rebound seen around the indices across the globe. Real bullish break out in true sense will be when Nifty is able to break out and sustain above 17435 on weekly closing basis.
Support for spot Nifty will be at 17026, 16888, 16749 and finally 16461.
Resistance for spot Nifty on the upper side will be at 17270, 17435, 17646 and finally 17910.
Nifty daily analysis for 04/10/22Nifty on the daily time frame has given a negative candle and has closed 200 points lower.
The market has taken support from its 200 DMA and has closed near the level.
On the hourly time frame, the market remained for selling.
Though, the market tried to hold the 17000 level, but in the second half a huge sell off broke the level and even traded below the 20 ema.
The market has formed an inside candle and closed below both the moving averages.
Support :- 16840, 16770, 16650
Resistance:- 17000, 17065
As predicted the markets are still in a bearish territory and couldn't hold above the 17000 level.
Wait for the price action near the price level before entering the markets.
Nifty 50 Strategy for 30 Sep 2022Nifty 50 Strategy,
16830 above going long for 16870 16993 17110 17156;
16790 below going for short 16774 16661 16523 16475 16415
Nifty 50 Strategy for 29 Sep 2022Nifty 50 Strategy,
16915 above going long for 17009 17110 17243;
16875 below going short for 16774 16661 16562.
Nifty 50 Strategy for 28 Sep 2022Nifty 50 Strategy,
17000 above going long for 17079 17110 17156 17310;
16975 below going short for 16924 16774 16632 16475.
NIFTY Medium Term OutlookNifty is in the process of forming bottom if it is successful then we can see a relief rally for here in case we are not able of make a bottom we may see further slide. Long term projection up to April 2023 shows the following levels:
Resistance Level: 17335, 17799, 18076, 18369 and finally 18600. Best case scenario 20,000+.
Support Level: 16883, 16114, 15175 and finally 14217. Worst case scenario is around 14000.
Nifty 50 Strategy for 27 Sep 2022Nifty 50 Strategy,
17065 above going long for 17080 17156 17188;
17020 below going short for 16917 16774 16661.
Nifty daily analysisIF market opens gapup then chances of volatile market is high
If market goes sideways then we can sell if market crosses resistance of 16350
Short Term Headwinds Ahead For NIFTYGlobal sell-off post US Federal Reserves rate hike another 75 bps has intensified. Not only stock markets but Crude and Gold are also sliding. Hyper Inflation caused initially by COVID19 and aggravated by Russia-Ukraine war is causing dent on Macros of global economy. India due to inherent captive market and investment friendly Government will be / is affected less but one fact stands that we are not decoupled from global economy. Long term scenario for India still remains pretty solid both at Macro and Micro levels. However, in the short terms we will be facing strong global headwinds for sure.
Major Supports for Nifty at this juncture: 17291, 17169 and 17017. Beyond 17017 bears take over causing more pain.
Major Resistances for Nifty at this juncture: 17429, 17590, 17713 and 17921. Above 17921 Bulls will be in total control. Currently Bulls seems to be in shock and are in pensive mood post FOMC press conference by Powell.
Negative Surprise in US Inflation data killed the Bull rallyGlobal sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances. It will be interesting to see where Nifty finds support and from where it turns around.
Nifty daily analysis for 14/09/22Nifty has closed just near the 18000 level and after the gap down tried to touch the level of 18100.
In the last hour nifty lost and around 90 points.
The market has taken a nice support from hourly 20 ema and closed just above the level.
On the 15 minute time frame, the market has closed between the 20 and 200 ema.
The market opened gap down due to the CPI inflation hike. Even dow closed around 3% lower.\
Support :-17965-990, 17923, 17832
Resistance :- 18020,18060, 18140
The markets are quite volatile and can remain in the same mood. Tomorrow is the weekly expiry, a trending market can be there in the second half of the trading session.
Wait for the price action near the levels before entering the markets.
update on nifty 50 analysisi had previously posted the same analysis of nifty 50, and here i have brought you an update.
markets are in bull rally, and i guess a sort of bull rally is gonna over after going up by 50-100 points.
after that if the markets rise further(which has a good chance because fii are entering), so that will not carry the bull rally, it will just be a bullish nature, i believe such because the market had got its impulse movement from this rally. and on top of that, nifty chart has covered all the international news as such. plus, fii have sold there stakes and made there profits, now they are re- entering the markets.
and if the markets falls, then it will say, people have yet to make out the profits, and they will realise there profits by selling.
Nifty in a bull run.wave are too mentioned, with its currentions. plus its gonna reach its target, and completing its bull run somewhere around 10th-15th sept. analysis done till that only. let see what happens next...
Nifty daily analysis for 09/09/22Nifty on the daily time frame has given a bullish candle. The market gained 50-60 points and closing above the level of 17800.
On the hourly time frame, nifty has closed on a bullish mode and there can be another gap up tomorrow.
Nifty gave a break out of the trend line during the last hour of the trading session and took nice support from 15 minute's 20 ema.
Support :- 17780, 17710, 17640
Resistance :- 17830, 17920
The market seems to be in a jittery mode. Wait for the price action near the levels before entering the markets.
Nifty Trade setup Idea 5-9-2022Nifty is a little confusing compared to Banknifty today.
The weekly levels are also not giving any clear picture.
We are looking at the following scenarios for Nifty today:
1. If Nifty crosses 17613 levels, then we can go for long. The is a small resistance at 17660 levels, but the price should be able to penetrate that level.
2. We can go short once we see a 5 minutes candle close below the 17472 levels, with a target of 17360.
Pretty Nasty day with Kneejerk reaction to Powell's speech Pretty Nasty day with Kneejerk reaction to Powell's speech as expected. One reason to smile today was fantastic recovery from the levels of 17166. This is the key level now. holding 17166 will be very important for Nifty.
Resistance levels: 17392, 17495 and 17736.
Support Levels: 17166, 17026 and below it 16950.
Total Bearish takeover below 16703.
Nifty Support and Resistance for coming weekAfter fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction.
As I explained in the weekly chart last week, Reversal pattern was observed. The Market had taken a support from the confluence zone. Need to see the price action of coming week if it it holds.
Below 17300-17400 range nifty is likely to fall aggressively
Nifty next moveNifty has reached to its saturation.. now it could be seen drop by 500 to 800 points... nifty cmp is 17550, next could be...17490, 17390,17171... there will be gap up first on Monday...as some volume seen at last of the session...so don't get trap on up side...trade wisely...
It's just an aducation purpose...
Nifty responding to fall in major global indices.As mentioned in the earlier Tweets due to impending Commentary of US FED and Recession fears / Global slowdown concerns we saw the recent fall. After few weeks of relentless buying today we saw FIIs selling. NIFTY is currently at a major support breaking it and going below today's low will bring in further weakness for NIFTY. The Major Support and resistance levels are:
Resistance Levels: 17541, 17716 and finally 17992.
Major Support : 17467 (Today's low.)
Other supports: 17348, 17135, 17023 and finally 16937.
Below 16674 the Nifty will slip into bear grip.
Supports and Resistances for Nifty.Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are:
Resistances: 17992, 18117, 18371 and finally 18604.
Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113.
Final Supports for the current rally: 16842 and 16666.
