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Niftyoutlook

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.
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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
Nifty Intraday Trade Setup for 23rd May 22 (Trading Idea)Let me know if you have any questions in the comment Be active on this post to see my live positions and Trade Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas The chart is for study purposes only!! NSE:NIFTY NSE:NIFTY1! NIFTY , Trading Strategy, Intraday, Banknifty option trading strategy, intraday strategy, simple intraday strategy, Share Trading Strategies, BANK NIFTY TRADING STRATEGIES, trading with volume profile , intraday, mcx , crude oil , crude, crude oil trading tricks, open interest analysis, options trading, options trading strategies, Emotion in Investing, markets scientist, candlestick pattern, candlestick , candlestick analysis, candlestick stock pattern, trusted spots, cool brains, learn and earn, trending, profits How to find stocks for intraday, how to buy and sell in Zerodha kite, Zerodha trading tutorial in Hindi, bracket order, daily income plan, emotions, Unsuccessful Investor, share trading course, share market course. day trading, best strategy on intraday trading, Candlestick types, Candle types, Candlestick analysis in Hindi, Candlestick Body, Japanese Candlestick , Rakesh Jhunjhunwala, share market, stock market for beginners tutorial, how to enter the stock market for beginners, stock market guide, Share market basics for beginners
NSE:NIFTYShort
by harshnisar45
Nifty 50 Trend AnalysisIt is moving inside a descending broadening wedge pattern inside a bigger descending broadening wedge pattern highlighted. Expecting Nifty to hit 16630 level before the last dump towards 14920 level. 16630 level is at the confluence of 50 MA, trendline resistance and the top of the runaway gap which is going to get filled along with strong bearish divergence on Daily RSI. I have highlighted some of the areas where NIFTY fell sharply after touching 50 MA. I don't expect we are going below 14900 level because the lower edges of both the wedges and key support trendline are in confluence. Other macroeconomic factors supporting my view are Dollar Index and INDIAVIX. Both are expected to give the last push upside, which will mark the bottom for NIFTY 50 and other indices. Do your own due diligence before taking any action. Peace!!
NSE:NIFTYShort
by Swastik24
2
What to expect from this fall - NIFTY50 (Indian index)After today's gap down nifty back to range of 16000 resistance and 15650 support zone Day trader will look to trade between this range on 400-500 pts. 15880-15850 to 15760-1730 will be the mid short range Reversal can be considered only when the 100 Ema on hourly chart will be crossed and closed above (as per my analysis) Will update further levels of the price goes beyond given levels Share your opinion views in comment and if you like me to review any of your stock send the names in comment
NSE:NIFTY
by Jimmy_Rebello