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Niftyoutlook

Closing above 22629 has ensured it is a cup and handle BO. Closing above 22629 has ensured it is a cup and handle Break Out for Nifty. Now the only major hurdle remaining between another leg of bull run and consolidation is the resistance at 22701. Once 22701 is crossed next targets for Nifty will be 22803(Major Resistance), 22910, 23047 and 23220. If the breakout fails and Nifty is not able to cross 22701 swiftly the support levels will be at 22619, 22536, 22454 and finally 22219. Bears will awaken from coma only after we get a closing below this level till that time enjoy the bull run. Perhaps some consolidation might also be seen before some further progress in unlikely circumstances. Right now it is a one horse race for bulls and shadow of the candle is positive.
NSE:NIFTYLong
by Happy_Candles_Investment
Shorting Nifty 50: Potential Reversal Signal at Bearish OBHey Traders, Thinking of taking a short ride on the Nifty 50? Here's why I'm feeling bearish about it. So, there's this Bearish Orderblock (OB) lurking around 0.30% above the current price, hinting at a market reversal. But wait, there's more! The Bearish Fair Value Gap (FVG) is also signaling some downward action, possibly even before we hit that OB. Now, let's talk strategy. Our entry point is 22343.70, a sweet spot where we expect things to turn south. And to play it safe, we've got our stop-loss (SL) set at 22637.55. As for the take-profit (TP) targets, we're aiming for TP1 at 21710.20 and TP2 at 20983.10. Feel free to cash out earlier if you're happy with your gains, and don't forget to trail that stop-loss. Oh, and here's a pro tip: keep some cash handy for dollar-cost averaging (DCA) around 22526.60. This way, we're ready to tweak our position if the market throws us a curveball. Our decision to enter the market is also influenced by Fibonacci retracement levels, particularly the presence of Golden Pockets, reinforcing the validity of our trade setup. In summary, the confluence of technical signals, including Bearish OB, Bearish FVG, and Fibonacci retracement, strengthens the rationale behind shorting the Nifty 50. By adhering to prudent risk management principles and remaining adaptable to market movements, we aim to capitalize on potential downside opportunities effectively. Note important thing: It could be that the market opens at monday and the market goes up, so we will wait a bit. Like (boost), follow, comment and share this trade idea! For the optimal TradingView experience, upgrade now to unlock the platform's full potential: www.tradingview.com
NSE:NIFTYShort
by smarttrader012
5
As Depicted Yesterday Nifty is facing a resistance zone.As mentioned yesterday Nifty is getting trapped in a mild resistance zone after making a new ATH near 22529. This resistance zone is between 22477 and 22529. It looks like Nifty needs a little bit more consolidation to cross this zone. If this zone is crossed the next resistances for Nifty will be near 22597, 22690 and 22787. Supports for Nifty remain at 22388 and 22350. The zone between 22300 and 22252 will be a strong support zone in case of a fall with Mother line support of 50 EMA at 22268 (Strong Support). Very interestingly poised is nifty with shadow of a candle little bit on the negative side.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Looking Strong But final few hurdles before making an ATH.Nifty looking strong and my rise riding on the current momentum wave but the hurdles it needs to cross (The Resistances in the way) are 22350, 22449, 22526. The New high that Nifty can make in the current bull run can be in the range of 22597, 22690, 22787 or higher. In case some of the resistance does not allow Nifty to progress further the supports for Nifty will be at 22252, 22132 and 22070. Momentum is looking good and the shadow of the candle is Positive but there can be selling pressure on FIIs and some DIIs as the election time comes near and near. Also Fresh financial year can bring fresh strategy for FII, HNIs and DIIs.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--Bull & Bear Trap?? Liquidity & More Liquidity ??Price is closed near the Support zone at 22000 levels... we are still left with the liquidity below 21850 levels. Bear Trap:: what happens if the liquidity cannot be done now... If this time price failed to push downside more chances of fall below 21850 levels from topside. If price opens up and continue to move upside there will be one more fall from the topside. then the price won't respect the neckline as well, just gives pull back if possible, and eliminate all shorts, and it will continue its momentum towards top levels. Those who are carrying the puts this time price manipulation done, by taking the price towards upside. ------------------------------------------------------------------------------------------- Bull Trap:: When bear trap happens, then price closing is given near the resistance levels, then this time every one thinks that price is unable to break the bottom side, so it is still in bullish and everyone then looks for long side.. by keeping the stop loss at 21850 levels, which is failed to break now. this time price clears the stop losses at 21850 and again showing bullishness, this is pullback for short side continuation and again falls to grab all the liquidity below 21500 levels. Sell setup:: look for short side when price comes to these area at Right Shoulder. If don't at least take care from this levels before long side. A strong Bearishness is observed from the 22400 levels... the right shoulder is strong one, after the liquidity grab on topside above Right shoulder, price again turns to be bearish. and price comes to the downwards with strong bearishness mostly gap down occurs. this time price breaks the 21850 levels and grabs all the liquidity. ---------------------------------------------------------------------------------------------------------- Points:: 1.If we see the chart not only price forms a head and Shoulders in lower time frame also in Higher time frame as well. 2.price broken the trendline as well.
NSE:NIFTY
by IIT-Trader
9
First hurdle 22080 crossed; Second hurdle around 22180-22200.We had depicted 22080 and 22180 as 2 hurdles for Nifty crossing which there can be a bullish rally. first hurdle was crossed today ut Second hurdle in the range of 22180 and 22200 remains. Today Nifty made a high of 22193 and returned from the same area due to the resistance zone indicated earlier. Crossing and closing the week above 22200 tomorrow will increase the chances of Bulls getting into rally mode. If the resistance in the region is not crossed and Nifty does not cross and close above today's high, there are chances that some supports will be tested again. Nifty Supports Remain at: 22080, 21852, 21806 and finally 21710. Below 21710 Bears will get a firm grip of the market. Nifty Resistances: 22193 (today's high), 22301, 22449 and finally 22526.
NSE:NIFTYLong
by Happy_Candles_Investment
Trend line and deep resistance zone blocking Nifty progressThe resistance zone between 22081 and 22180 is blocking Nifty progress currently. Once Nifty closes above 22180 bulls can call shots in the market and take it further. After crossing and closing above 22180 further resistances will be near 22301, 22449 and 22526. On the lower side supports for Nifty are near 21882, 21710 and 21544. Nifty is interestingly placed for rest of the week. Shadow of the candle right now is neutral.
NSE:NIFTY
by Happy_Candles_Investment
Nifty bounced back but right now facing mid-channel resistance.Nifty bounced back but pretty well after confirming a near term bottom around 21710. right now facing mid-channel resistance. Daily closing firmly above 50 days EMA is another positive sign. Right now Nifty will face or is facing mid channel resistance which is near Friday's high of 22180. Nifty next week crossing and closing above 22180 will ensure that Nifty has closed not only above mid channel resistance but also trend line resistance which is in the same range. This dual resistance can be little stiff to cross. If it is crossed and held, next resistances will be at 22301, 22449 and finally 22526. In case the hurdle of Mid-channel resistance is not crossed the support levels for Nifty will be at 21877 (50 days EMA), 21710 and finally 21544. Shadow of the candle is neutral with positive bias indicating consolidation in the range or a further up move.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Entering a Resistance zone after a making a good comeback.After making a low of 21710 yesterday has made a good comeback in one and a half session closing the day at 22011. Now Nifty is staring into a strong resistance zone. The resistance zone starts from the high of today. i.e. 22080 and ends at 22206. This zone consists of trend line resistance and mid channel resistance as well. Closing this week above 22206 will send a strong signal to the buyers who might return enmass post crossing this level. The next resistances after crossing 22206 will be near 22301, 22449 and 22526. On the lower side if these resistances act too strongly Nifty has a support at 22080, 21868 (50 days EMA) or mother line support, and 21710 which was the recent low. Below 21710 closing if at all it happens there can be further blood bath.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Monday 18 march - Overview for the day #gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term. Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week and the last hope for the bulls, so be careful and do not make the early perception. Focus on the level. Intraday Range: 21,900 to 22,060
NSE:NIFTY
by CodeViser
6
Probable Support Zone For Nifty approaching. The Zone between 21905 and 21779 can be a support Zone for Nifty as it tried to make a recovery from the area near 50 days EMA which was near 21839. If by chance 21779 is broken the next supports for Nifty will be only in the region of 21614, 21284 or even 20971. Worst case scenario can be 20412 which is a 200 days EMA and the channel bottom. So further steep downside is possible if Nifty does not bounce from today's low that is 21905, 21839 (Mother line 50 day's EMA) or 21779. On the upper side in case of resurgence of Nifty next resistances can be near 22132, 22311 and 22511. It looks like recovery above 22511 will take some consolidation. Even if Nifty resurges which it will in a few days/weeks time Small and Mid cap sectow will go through a long consolidation phase. This phase will give an oppertunity to do some proper bottom fishing in these indices for the long term. In the short to medium term the index that will get the preference will be Large Cap index.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Prediction for tomorrow 11 Mar (Monday)Hello traders, As we discussed in our last analysis, the market took resistance from the Resistance zone, and the result was sideways. If we look at the chart data now: The market is taking resistance at the resistance trendline (Why this resistance looks like my last bank nifty analysis). The market is taking support at 22430. the market has touched this trendline multiple times, which makes it easier to break to the upside. If we look at the OI data: PCR = 1.11 shows a bullish market structure. If we look at the CE and PE activity, there is a huge amount of CE and PE writing on both sides. That indicates the market is going to be sideways. 22500 is Max-Pain. FII and DII data do not show much of the information except that the market might open a small gap-down. I am expecting the market to get consolidated. Case 1: Market is sideways in orange region. Case 2: Market breaks to upside till 22650. (Fib 1.414) Reasons: Price > EMA indicates the bullish nature of the market. but price >> ema(200) shows market need some reversion. Price taking resistance at resistance trendline. (Sideways) RSI is 40-60, showing a sideways market structure. If it breaks 60 to the upside. The market can give targets till 22650, which is also the Fib 1.414 level. PCR = 1.11 (1.34 to 1.11) shows Bears are actively adding positions, which might force the market to be sideways. (Sideways) Verdict: Sideways or Bullish Plan of action: Case 1: Short straddle 22500 (Hedge with 20 premium) Case 2: Sell 22500 PE (Hedge with 20 premium PE)
NSE:NIFTY
by finnova_
4
NIFTY--Liquidity lies @Double Bottom??Nifty index is showing straight forward bullishness from the keylevel @from BASE high. Price observed a rally base rally from 21500 levels to 22500 levels. Trendline is also acts as support,to push the price. Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies at 21700 levels.Price has to test these levels again for further move in Nifty INDEX. Will update all the information accordingly to reach for these levels.
NSE:NIFTY
by IIT-Trader
21
Head and Shoulders kind of pattern formed on Nifty hourly chart.Head and Shoulders kind of pattern formed on Nifty hourly chart which is not a very good indication for rest of the week. Only saving grace which can support Nifty in this scenario is a trend line and Mid-Channel support which are in the zone of 22302 and 22255. If 22255 is broken and we get a closing below it tomorrow or the day after H&S Break down will be confirmed and further down side can not be ruled out. In such a scenario Nifty might have support near 22129, 22077 (200 Hours EMA) and finally 22018. If by chance 22018 is broken on closing we might see further down side upto 21800 which seems to be the channel bottom. If H&S is not confirmed tomorrow or the day after and we receive good inflation data from upcoming India and US inflation data the resistances on the upper side will be at 22344, 22410, 22462 and finally 22523. Nifty is delicately placed near mid channel and trend line support. Very interesting week ahead. Flavour of the week, month or the quarter is going to be Large Cap stocks.
NSE:NIFTY
by Happy_Candles_Investment
1
Shadow of the candles turning a shade negativeNifty is fluctuating between Trend line 1 and Trend line 2 in the below chart. Trend line 1 forms the resistance and trend line 2 forms the support of Nifty. There is also a line in the middle of the two lines which will provide additional minor support for Nifty. The support for Nifty from here will be present at 22293, 22241 (50 Hours EMA support), 22061 and finally 221974. Below 21974 bears will try to seize the momentum of Nifty. Resistance for Nifty will be at 22433, 22469, 22512, 22604 and 22719 (Trend top resistance). Right now Nifty is in little bit of a correction/consolidation mode after hitting the trend top.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Keylevels @BASE??NIFTY INDEX is at crucial support at trendline... after a long time consolidation, price moves upside. DROP BASE DROP is observed previously... BASE acts as resistance it will fall back to below demand zones... we have a strong demand zone lies at 21700 levels... so tomorrow we have to observe this base bottom is pushing the price downside or not... by observing this we can decide further movement in NIFTY Index. ----------------------------------------------------------------------------------------------------- On the other hand, if price consolidate between base high to base low.. if price breaks the high and retest to base high, then will go for long side continuation up to 22500 levels. Then will observe a inverse head and shoulders pattern in NIFTY INDEX to go long.
NSE:NIFTY
by IIT-Trader
39
NIFTY--Trendline Holds or Breaks??Nifty index is showing strong bearish pressure from the 22200 levels. A drop base drop is done. Price tested the demand zones at 21960 levels . now it is ready to move again or fall back to below trendline to grab the liquidity. On bottom side, strong support at 21800 levels with an intersection point at trendline... this is likely to push the price upwards.... If price breaks the trendline an observation point of resistance at 22100-22150 level is the strong resistance to push the price downwards. If consolidation is observed above this levels leads to an breakout above 22300 levels for the targets likely to be 22500 followed by 22600 levels by keeping the SL at 22100-22150 levels. If price falls from 22100-22150 levels, it will consolidate on bottom side to test the 21300 levels of support and will likely to continue to bottom side. this is the crucial place to observe in NIFTY To continuation or Bearish??
NSE:NIFTY
by IIT-Trader
44