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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.
NSE:NIFTY
by Mambotrade
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.
NSE:NIFTY
by Happy_Candles_Investment
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.
NSE:NIFTY
by Happy_Candles_Investment
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.
NSE:NIFTY
by Mambotrade
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.
NSE:NIFTY
by raghavchoudhary2016
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.
NSE:NIFTY
by Mambotrade
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
NSE:NIFTY1!
by OK_Rane
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.
NSE:NIFTY
by Happy_Candles_Investment
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.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Levels for 17/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty took out major resistance level with Gap-up and closed above 20 & 50 EMA and VWAP level. Nifty has shown strength and trying to move in upward direction. PCR (1.06) is in sideways to mild bullish zone. FIIs continue with buying of 2429.6 Crores and DIIs are slowly doing profit booking with selling of -136.2 Crores. Proprietary & retail traders are heavily short in Index and Future contracts. God saves retail traders. Nifty highest open interest on call side at 17800 Nifty highest open interest on put side at 17700 Overall uptrend looks intact. Shall we continue to look for short straddle/strangle ? Buy on dips opportunities ? Is Nifty heading towards 18000 now? OR Is Bearish Divergence an indication prior to profit booking ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 16/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty was in hurry and quickly reached long term resistance level. FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Nifty is now just 4.87% away from all time/52 week high. Nifty's highest open interest in call side is at 17800 and put side is at 17700. Nifty is trading in narrow range after decent rally. PCR is flat and sideways. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down. Shall we expect a profit booking? Will Nifty offer us buy on dips opportunities? Will Nifty gap-up on Tuesday to take out major resistance zone and continue with bull run? Shall bulls/specially retail investors should slow down to avoid getting into bulls trap? Wish you all a profitable trading day ahead!
NSE:NIFTY
by manishmgupta