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NIFTY Daily Analysis - 29th Jun 2022 - IndecisiveHi Traders/Investors, NIFTY is looking quite neutral as this point, waiting for the news on US GDP data. NIFTY took support from the Trendline in the morning and also closed exactly at the same Upward trendline. On UPSIDE, strong resistance is from SELL ZONE between 15927 - 15927 levels, crossing which it would go for Gap filling from 15927 to all the way till 16175. On DOWNSIDE, There is a big Buy zone between 15690 - 15610 levels. Regards, Anshul
NSE:NIFTY
by simplyansh
NIFTY Daily Analysis 29thJun2022 -NIFTY Futures showing strengthHi Traders/Investors, Today NSE:NIFTY1! gave a perfect closing on the Upward trendline in GREEN in chart. Depends on how US markets respond today, they're pretty indecisive as they and the whole world is waiting for US GDP data which would come tonight. Depending on it, if US Markets responds in a positive mood, then we would rally as well. NIFTY would most likely take Support from this Trendline, if it does then it might quickly go UPWARDS to touch Sell Zone of 15900 - 15940. NIFTY on DOWNSIDE, if it breaks the trendline in morning or open Gap Down, can quickly touch Buy Zone of 15635-15520 levels. Regards, Anshul
NSE:NIFTY1!
by simplyansh
NIFTY Weekly Analysis: 26th June. SHORT before LONG!Hi Traders/Investors, I see NIFTY on Friday 26th 2022, couldn't close above 21st June's High price of 15707 and secondly it closed below 15700. I know DOW and S&P500 both closed well in green with more than 2.6 - 3% on Upside. But when I see NIFTY chart and Open Interest in the system, there are lot more Calls in system than Puts. Also, if I see FII data they sold more than 2000crores on Friday as well. So, my trade for next week would continue to be on the downside, I don't see Bullish signs yet in NIFTY as NIFTY gave close to half it gains from High it made on Friday. This might sound like a contrarian view against general views, but often markets do quite the opposite of what masses think. I hope I'm wrong but if I'm right you'll thank me later! :) So, the two trendlines which you see in the chart, I'm expecting if market opens flat and then the red trendline break out on good volume on upside, I might add some LONGs. BUT, if its a big Gap-up opening, I might add SHORTs at 16000 and 16200 levels. Remember these are positional calls and not Intraday. Please take positions at your own risks and these are not Buy/Sell recommendation but my personal view on markets. Regards, Anshul
NSE:NIFTYShort
by simplyansh
Medium Term Market (Nifty) Outlook. Nifty confirmed support at 15180-191 range and pushed ahead. Time will tell if this is a temporary or permanent support but for now a closing on Friday above 15650 levels is a good sign for now. Closing above near term resistance of 15750 would have been even better but current closing is also not bad. Support and resistances in the near term are as under: Nifty Resistances: 15750, 15880, 16030 and finally 16174. Closing above 16174 can further strengthen Nifty and send it towards 16400 and finally 16785 in the short to medium term. Nifty Supports: Supports for Nifty can be seen near 15622, 15500, 15368 and finally 15182. Below 15182 only major support is near 15050. Below 15050 we can see a free fall towards 14500/14300 or even 13700-800 levels in very unlikely circumstances.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty50 is in Strong Downtrend momentumNifty50 is in strong Downside momentum 1. Nifty50 is forming lower high pattern which indicates market is in downtrend 2. ADX shows the short-term uptrend is weak and its show the maximum strength in downside 3. RSI is in oversold region; RSI will rebound, and Fall after Nifty reaches 15890 4. I am expecting a rejection over above 15886 level and then Nifty will create a new lower high as shown in the above chart 5. Usually in Downtrend market there will be short rally but in every short-term rally there will be huge selling Finally, 1.Traders please focus on capital protection rather than making profits as this market is highly volatile and sideway we need a proper confirmation in the nifty50 chart for further move so wait till nifty reaches above 15886. 2. Reduce your trading activity and wait for confirmation Personal Advice: {if you see any rally in the market try to take short position as uptrend is very weak} See you guys on other technical analysis idea Thank you for spending your valuable time over here Guys if you want to ask any question and doubts ask in the comments section below - Varun Raja V.K Disclaimer Above said points are my opinion and thoughts and its only for Educational Purpose I am Not an SEBI registered advisor so consult your SEBI registered advisor before doing anything
NSE:NIFTYShort
by VarunRajaVK
4
Nifty Forming a temporary base? Or start of new bullish phase?Market is trying to form a bottom or at least a temporary bottom near 15184 levels. Crossing 15676 is the key. If this level is crossed the next resistance will be near 15887. Crossing 15887 will open the doors for 16300, 16796 and if all goes well 17300 levels. On the down side if 15184 is broken the only support will be at 15050. Falling below 15050 will unleash the bears and we can see the NIFTY fall to 14700 or lower levels.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY shied away touching SELLZone, still looks weak on Daily TFNSE:NIFTY NIFTY made a pretty good Directional move on the UPSIDE. It touched 15700 and from there some selling came in. It almost reached our SELL Zone which is still intact. NIFTY might face huge resistance in this Sell Zone between 15730 - 15950 levels, specially at 15887 level from where the last big fall came in. On Downside, 15460 level is a major Support and if it breaks next level on downside would be 15157 levels.
NSE:NIFTY
by simplyansh
Nifty 50 Support and prediction levelsNext support level for nifty. Rebound is going to come from somewhere between 15310 - 15120 - 14900 level. This rebound will take nifty to level of 16000-16400 and next 3 months nifty will spend between the 15300-16400. By Sep - Oct nifty will make bottom at 14400-14300. There are lot of reasons technically 1. 20% correction from the top comes at 14900. 2. 15120 stands at .78 fib series of short term chart 3. Support level at 15300 Trading range after that would be 15300 - 16400. 16400 has been strong support level in the past which will become its resistance. Meanwhile nifty will struggle to cross 15700-15800 which will be very strong resistance on short term charts. In near term nifty will time-pass between 15200 - 15800 range. This might go on for next 3 months i.e till sep. By sep a fresh and last round of downfall will lead nifty to level between 14380 - 14130 - 14000 and that is where nifty will start it's pullback rally. Rational behind it is: 1. 14380 is at .382 Fib series on long term charts. 2. Never in past nifty has breached .382 on long term charts
NSE:NIFTY
by KapilVaish
2
Nifty in search of bottom. NIFTY is in search of Bottom which might be around current zone to 15590. if 15590 is broken we may be heading for a sub 15K bottom near 14779 range. 14779 can provide a very strong support on the lower side and on the upper side now 15900, 16200 and 16400 will be strong resistances. Short covering that might come after bottom formation will be very fast and ruthless. Global sentiments are week and some positive news on Crude / War / Inflation and stability in Supply chains will only help the market settle down and release the panic valve. Markets are falling in line with international indices falling. India in a long run is set to benefit from scheme on things. Short term out look is negative but long term outlook on India still remains bullish.
NSE:NIFTY
by Happy_Candles_Investment
This is the Channel in which Nifty is trapped currently. Lot of factors have to combine for this channel to break on positive and negative bot sides. Channel top can be near 17700-17800 range. Channel bottom will be near 15600 and 15400 levels. We will see NIFTY between these zones for few months. Right now NIFTY faced mid channel resistance and returned from 16695 last week. It is still in search for a proper support from where it can launch a fresh aim first towards mid channel zone 16400-16600 and then towards channel top mentioned earlier. The job and inflation data from US was not supportive on Friday night and this can effect our market and global markets this week. Nifty is at a good support zone of 16193-16000. If this zone is broken the channel bottom zone 15900/15600 or may be even 15400 will be tested. Short Term trend can be: Negative to Neutral. (Few Months). Medium Term trend can be : Neutral to bullish. (Few Months to 1 year). Long Term Trend: Very Bullish. (1 year onwards).
NSE:NIFTY
by Happy_Candles_Investment
#Nifty || 8th June 2022 || Falcon Trader || Daily Analysis We might get one day of sideways - fractal move to complete wave 4 Nifty target is set for 16230 levels - and if we get lucky we might even see 16100 levels. After this there will be some relief rally to 16500 levels before we continue to go lower. Major trend is downwards Weakness continues 100-150 points upside in the morning followed by downward pressure will continue Levels for reversal 16230 to16100 for major reversal from downside Look at Falcon Wave count:
NSE:NIFTYShort
by Falcon_Trader_1
Nifty Trade Setup for 08th June. 2022The Nifty50 index extended losses for the third day to close a percent down yesterday, on caution ahead of the Reserve Bank of India’s monetary policy committee meeting outcome. As per our live trade set-up shared yesterday, Index made a dot reversal from ABCD PRZ level (16,346) but lacked momentum and traded in a range throughout the day thereafter. Even though the index reversed, only an option seller would have made money. That is why it’s important to choose the right segment. Intraday On a close-to-close basis, Index once again defended its strong support at 16,400/450 levels. The index has stopped making lower lows and broke the downward trendline resistance, activating the XABCD pattern with a potential target of 16,580 (if 16500 is broken and sustained). We will consider a short position only if the index sustains below 16,350 levels with a target of 16,270 (ABCD pattern on hourly TF). The index can also retest 16,000/50 levels if the negative sentiment continues. Volatility is likely to persist and a clear direction may only emerge after the RBI policy outcome.
I
by CodeViser
1
BULLs In-charge: NIFTY formed BULLISH ENGULFING pattern on DailyNIFTY today formed almost a Bullish Engulfing candlestick pattern on Daily charts. Today's candle is more like Bullish Marubozu which suggests strong Bullish momentum. BULLS are in complete charge of the market and looks like there is a Buy on every small Dip. Now, BULLS have to break above a crucial resistance between 16665 - 16700 levels, if its able to break above it then next Target would be 16900 levels. On Downside, NIFTY can take support from 16400 - 16490 levels, if that is broken then on downside we can see NIFTY levels of 16200.
NSE:NIFTYLong
by simplyansh
Market Outlook 30th May to 3rd June 2022. Market has given strong push with thrust upwards towards end of this week. The rally if sustains above 16400-16495 zone will push momentum in favor of Bulls and Market can continue rally in coming week or weeks towards 16700 and above. The important level to hold and cross for Nifty would be 16400. The Support Zones: 16219, 16026, 15913 and finally 15766. Below 15766 bears will have full control of the market. The Resistance Zones: 16400, 16489, 16692 and 16754 will be a major resistance. Above 16754 we can see the rally consolidate towards 16900 and 17300 levels.
NSE:NIFTYLong
by Happy_Candles_Investment