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Niftysupportandresistance

Nifty finds a support just above Mother line and Mid-channel.Nifty has today found a good support just above Mother line of the hourly chart and Mid-channel support zone as it bounced from lows of the day near 23412 to close at 23591. Tomorrow being the weekly closing, monthly closing and financial yearly closing it become very important or one of the most important days for investment enthusiasts. A positive closing tomorrow will empower bulls in a lot of ways. The first support for Nifty will be at 23550. A very strong support zone for Nifty right now remains between 23412 and 23380. This zone includes today's low, mid channel support and mother line support. A closing below 23380 will bring bears back into action who can potentially drag Nifty again to 23145, 23003 or levels below 22801. Resistance zone for Nifty remains at 23646 today's high, 23670, 23778 and 23900. A closing above 23900 will empower bulls to take Nifty to higher levels of 24046, 24169 or 24378. As described earlier very important day tomorrow with shadow of the candle being neutral to positive. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Coming back to test its supports.After a proper breakout and a rally which stretched above 1900 points from the March 4 lows, Nifty was clearly overbought on the hourly chart. It might be coming down for one or more of the following reasons: 1) Retesting support from where it can launch fresh move. 2) Correcting the RSI which had gone into the overbought zone. 3) Pressure due to upcoming Monthly and Financial year closing approaching on 28th March 2025. 3) The rally might have fizzled out. 4) Tax harvesting being done by retail investors. 5) Pressure due to upcoming Monthly and Financial The first 4 options seem to be more likely of the 5 points mentioned above. FII was again on the buying side today so DII and Retail were the major selling parties. Nifty Supports currently remain at: 1) Strong support zone of 23398 and 23309 (Hourly Mother Line support). This zone also includes the formidable mid channel support. 2) Next support is at 23145. 3) The next critical support for the rally remains at (Father line of the hourly chart) which is at 22959. 4) Final support for the rally will be at Channel bottom which is at 22801. Nifty Resistance currently are at: 1) 23602 which is now a resistance. 2) 23749 a formidable resistance. 3) Recent rally top at 23869. 4) The zone between 24071 and 24267. (The areas that can be new channel top). If you want to learn more about Mother, Father and the Small child theory designed by me about the stock market, Parallel Channels, charts, Candlestick analytics, Fundamental analysis, Mother and Father line importance, How to book profits, how to find a balance between Technical and fundamental analysis through Happy Candles Numbers, understand Behavioral Finance and other interesting topics by learning which you can make your money work harder you should read my book THE HAPPY CANDLES WAY TO WEALTH CREATION which is available on Amazon in paperback and kindle version. E-version of the same is available on Google Play Books too. More volatility can be expected int the next 2 days due to ongoing Ukraine-US-Russia announcements, Financial year expiry and Trump Tarif updates. Trade with caution. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Good Trendline Breakout Candle by Nifty. Nifty has given a good break out above Father line (200 Days EMA) at 23399 and Long term trend line. This shows that Bulls have made a comeback and are out of Coma. However Bears can try to disrupt things later in the week. Important resistance zone of Nifty now is between 23708 and 23830. Crossing and closing above 23830 has potential for the rally to inch upwards towards next resistance levels at 24030 and 24215. The supports for Nifty now remain at 23399, 23109 and 23036. The sectors that are driving the rally are Banking (Both Private and Public sector), Finance, Public Sector Industries. Midcap, Smallcap, Infra, Pharma, Consumer Goods and some other sectors are also trying to catch up. Overall it has been a V shaped recovery. This week's closing will decide if the rally can turn out into full blown Bull run or not. Signs are ominous. Predicting exact top and exact bottom remains illusive. When People were calling for Doomsday scenario and 20K, 19K levels we have seen Nifty rising 1694 points from 4th March Low of 21964. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. No one can guarantee any success in highly volatile market or otherwise. There is also chance of bias in our opinion. The supports and resistances indicated are based on data which has a cycle time of being 3 months or older so it is not necessary that it will work. The author or Smart Investment will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Solid Comeback by Nifty on Weekly Chart. 1 hurdle remaining. Nifty made a solid comeback gaining 4.26% this week. One major hurdle remaining which is 23403. If Nifty can close above this level the next resistances will be at 23809, 24030, 24215, 24443, 24667 and 24873 before Nifty can regain 25K levels. The supports for Nifty on the lower side if it is not able to cross the major hurdle at 23403 will be 23109, 22789, 22334 and 21974. As of now the Bulls have done well turning the shadow of the candle positive for the next week. However there is also a small possibility of 23403 becoming Achilles heel for the rampant Bulls. Weekly RSI is at 48.89 which means it has entered the bullish territory. MACD or the Moving Average Convergence and Divergence has not fully moved into the Bullish territory but it has certainly taken the turn towards the convergence. So overall it was a great week for bulls after a long time but one final hurdle of the Bear 'Chakravyuh' remains to be conquered. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 21.03.2025🔎 Market Recap: On Thursday, Nifty opened gap-up, dipped to a low of 22,973.95, and surged to a high of 23,216.70, entering the 125m Supply Zone (23,144.05 - 23,235.50). It closed strong at 23,190.65, gaining 283 points from the previous close. 📉 Trend Analysis: Weekly Trend (50 SMA): Negative Daily Trend (50 SMA): Sideways 📉 Demand/Support Zones: Near Demand/Support Zone (75m): 23,021.60 - 23,068.25 Far Demand/Support Zone (75m): 22,882.80 - 22,937.70 Far Demand/Support Zone (75m): 22,697.75 - 22,774.35 Far Demand/Support Zone (Daily): 22,314.70 - 22,676.75 Far Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950.00 📈 Supply/Resistance Zones: Near Supply/Resistance Zone (125m): 23,144.05 - 23,235.50 (Tested) Near Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 (Inside Weekly Supply) Far Supply/Resistance Zone (Daily): 23,443.20 - 23,807.30 (Inside Weekly Supply) Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Daily): 24,601.75 - 24,781.25 📊 Outlook & Strategy: Nifty continued its bullish momentum, respecting lower demand zones and pushing higher into the 125m Supply Zone. 🔹 Short-term Trend: Bullish but overbought 🔹 Key Watch: If Nifty sustains above 23,144, we could see an extension towards 23,443 - 23,807 in the coming sessions. However, profit booking is possible from these supply zones. 🔹 Caution: 23,222 - 23,807 (Weekly Supply Zone) could act as a strong resistance, leading to a pullback towards 23,021 - 22,882 if rejection is observed. 📢 Disclaimer: This analysis is for educational and informational purposes only and should not be considered as financial advice. Trading and investing in the stock market involve risk, and past performance does not guarantee future results. Always conduct your own research and consult with a certified financial advisor before making any trading decisions. The author is not responsible for any financial losses incurred based on this analysis.
NSE:NIFTY
by PriteshPalan
Nifty Intraday Support & Resistance Levels for 20.03.2025Market Recap: On Wednesday, Nifty opened gap-up, dipped to a low of 22,807.95, and then rallied to a high of 22,940.70, entering the 75m Supply Zone (22,915.30 - 23,049.95). It closed at 22,907.60, gaining 73 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned sideways from negative. Demand/Support Zones Near Demand/Support Zone (30m): 22,770.35 - 22,798.30 Near Demand/Support Zone (15m): 22,697.75 - 22,736.30 Far Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 22,915.30 - 23,049.95 (Tested) Far Supply/Resistance Zone (125m): 23,144.05 - 23,235.50 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook As expected, Nifty held the Daily Demand Zone and rallied past the 50% retracement level (22,885.95). The short-term trend remains bullish, and if the momentum sustains, Nifty could extend the rally towards 23,103 or even the Weekly Supply Zone at 23,222 in the coming days. 🚨 However, caution is advised as Nifty has touched the 75m Supply Zone today, which may lead to some selling pressure.
NSE:NIFTY
by PriteshPalan
Make or Break 3 key Resistances Approaching. Nifty saw 3 good days of recovery. Now the real test begins as we are approaching the 3 big daddy resistances. 1) R1 Mother line Resistance (50 days EMA) 22988. 2) R2 Long Term Trend line Resistance 23237. 3) R3 Father Line Resistance 23399. If these 3 are crossed the Nifty has potential to hit 23809 in the medium to short term. If Nifty rally does not have steam it can again fall back to the support levels at 22638, 22334 or even 21974. IT has not contributed to the current rally Infact it has remained laggard. RIL has not contributed. HDFC has remained range bond. If some IT counters or Heavy Weights like RIL or HDFC join the rally we can see Nifty flying otherwise there is a potential for this rally to fizzle out again. Things are in balance right now. Shadow of the candle neutral as I write this. Very important closing weekly closing awaits us on Friday. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
1
Excellent Break Out by Nifty. Will the momentum continue?Today the Nifty had a good leap after a lot of consolidation. The key question is will the momentum continue or FIIs will again take this opportunity to book profit. Today FII is on the net buying side after a long time. If the buying continues or even if FII remains neutral there is a good chance that we can see upside from here. Key resistances for Nifty remain at 22857, 22921 and 22985. Above 22985 Nifty can gain more strength and may try to regain the levels of 23044, 23147 and 23249. 23404 as of now remains a mega resistance which is also the 200 days EMA of 200 days Father line. This zone as of now is little difficult to cross. Closing above 23404 can give might boost to the Bulls and a new Bull run can begin post closing above this point. Supports for Nifty at this juncture remain at 22726 (200 hours EMA or Father line of Hourly chart), 22594 and 22543. A closing below 22543 which is the Mother line support of the hourly chart or the (50 Hours EMA). As there are small signs of reversal on the cards. It is a good time to read my book the Happy Candles Way to Wealth Creation. This is one of the highest rated books on Amazon. This book will teach you Behavioural Finance, Fundamental Analysis and Technical analysis. Every Bull Rally has a top and every Bear run has a bottom. If you can identify them. If you can understand the risk reward ratio. If you can understand the profit booking points, entry points the Mother, Father and the Small Child theory. The magic of Mother and Father lines. There is a lot of money to be made in the stock market. You need to learn, study and form your own strategy. If you want a ready made strategy then this book offers Happy Candles Number Strategy. All these things will help you in creating generational wealth. Do read my book and evolve into a Magnificent Investor and a Wealth creator. The Book is only priced at Rs.349 go ahead grab your copy. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty holding above Hourly Mother line a good signalNifty holding above 50 Hours EMA or Mother line in the hourly chart is a good signal for the market if it holds above 22464 then there is a chance of further recovery. The supports for Nifty remain at 22464 (strong Mother line support), 22368 (Another strong trend line support), 22311 and 22205. If the support at 22205 is broken Nifty can go in a jiffy to 21976 or below. In case we get a closing above 22591 Nifty will become stronger and can jump to 22678 or 22722 levels. 22722 is a strong 200 Hours EMA or Father line resistance. A closing above 22722 can take us to next historical resistance levels of 22813, 22921, 23044, 23147 and 23249 levels. Closing above 23249 has potential to bring Bulls back out of ICU and Take Nifty further up. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 17.03.2025Thursday’s session saw Nifty opening with a gap-up, touching a high of 22,558.05, but it couldn’t sustain the momentum and dropped to a low of 22,377.35 by the end of the day. It closed at 22,397.20, losing 73 points from the previous close. Both the Weekly and Daily Trends (50 SMA) remain negative. Demand/Support Zones Near Minor Demand/Support Zone (15m): 22,329.55 - 22,370.20 Near Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Minor Supply/Resistance Zone (75m): 22,595.90 - 22,676.75 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook The outlook remains unchanged from the previous update—if the Daily Demand Zone support holds, we might see Nifty testing 22,885 or even 23,100 in the coming days. However, continued selling pressure at resistance zones could keep the index range-bound.
NSE:NIFTY
by PriteshPalan
Nifty near important support holding it is key for progress. Nifty this week tried to consolidate and in the process lot a lost of ground covered last week. Holding the support level of 22314 is the key to move forward. If this major support is broken Nifty may again fall to the strong Bear zone of 21975, 21782 or even 21285 levels. If 22314 support is held the future resistances can be 22531, 22668 and 22842. If these resistances are crossed we will reach Mother and Father line resistances at 23018 and 23419. A monthly closing above Father line resistance that is 23419 can bring Bulls back into action. Shadow of the candle is neutral with slightly positive tinge. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 12.03.2025Tuesday’s session saw Nifty opening gap-down due to negative global cues, hitting a low of 22,314.70 before gradually recovering to a high of 22,522.10 by the end of the day. It closed at 22,497.90, gaining 37 points over the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) has turned negative from oversold levels. Demand/Support Zones Near Demand/Support Zone (Daily): 21,964.60 - 22,261.55 Far Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Minor Supply/Resistance Zone (75m): 22,595.90 - 22,676.75 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook After making a recent high of 22,676.75 on Monday, Nifty faced selling pressure but managed to recover from 22,314.70 on Tuesday, closing near 22,500, showing some bullish strength. However, the index has not retraced much from its fall between 23,807.30 to 21,964.60. If the Daily Demand Zone support holds, we could see a potential move towards 22,885 or even 23,100 in the coming days.
NSE:NIFTY
by PriteshPalan
Smart recovery by Nifty after opening Gap-Down. Nifty opened Gap down after a sell-off in global markets in general and US markets in particular. Nasdaq tanked 3.81%, Dow cracked 2.08% and S&P 500 cracked 2.70% last night. Nifty however has closed 37 points in positive showing some strength. The recovery from day's low was 183.2 which sounds like a very powerful comeback. However we are not out of the woods till we close above few important resistances which are in front of Nifty. Immediate resistances are at 22531, 22668 and 22842. Once we close above 22842 there are Mother and Father Line resistances at 23067 and 23439. Closing above 23439 is the key for Bulls to make a comeback. Those who are not aware about my Mother, Father and Small Child theory of stock market can read my book the Happy Candles Way to Wealth creation. The book is one of the highest rated books on Amazon in the category. The book teaches Behavioural finance, Fundamental analysis and Technical analysis. Many consider this book as hand book of investment. Anyone who reads it will benefit and take something home some valuable learning whether he is a newbie or a seasoned investor. Supports for Nifty will be near 22314, 21975, 21782 and 21281. If Nifty can carry forward today's momentum into tomorrow there is a chance of further recovery. Shadow of the candle despite today's smart recovery is absolutely neutral. Market will be closed on Friday for Dhuleti so next 2 days are very crucial for Bulls. Mother and Father lines are far away but bulls will be very happy to get a closing above 22668 if not 22842 this week. Bears will try to drag the market below today's low of 22314. So it can be a tussle of the highest order in store for the next 2 days. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty trying to bounce but few hurdles remain. Nifty is trying to bounce after forming the base but few important hurdles to cross next week if the rally has to sustain. The immediate resistances for Nifty will be 22557, 22668, 22800 and 23056. If these resistances are crossed we will have the Mother line and Father line resistances waiting for Nifty at 23116 and 23458. In the Middle of this tough resistance zone of Mother line and Father line there is also a trend line resistance around 23300. But these will come into play only if we are able to cross the immediate resistances mentioned earlier. To know what mother father line resistances are you will have to read my book The Happy Candles Way To Wealth Creation. It is one of the highest rated books on Amazon in its category. In case of the rally fizzles out the support zones will be near 22240, 21964, 21782 and finally 21281. In unlikely circumstances of 21281 broken and we get a weekly closing below it the market will fall into a major bear grip coming out of which can take a lot of time as this is the Election 2024 day low. As of now shadow of the candle looks slightly positive however FIIs are still in the selling zone despite the chart showing the signs of bottom formation. Next week is going to be very interesting. It will be interesting if FIIs finally show some interest of coming back or continue their selling mode. Little bit of support from FII here could possibly drive the rally further and add more steam to this humble beginning of what we can call a gentle up move rather than a bull run. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Good closing by Nifty, Now all eyes on tomorrow's weekly closingAnother fantastic day of recovery by Nifty which closed 207 points up today. From the lows of the day recovery was 310.6 from the lows of the day. Thus last 2 days have seen a significant up moves. The resistances now for Nifty remain at 22556, 22800 and 22981 before we reach the major resistance zone of 23139 to 23467. This zone includes a Mother line, Father line and Trend line resistance. It will take some major good news or significant buying by FII to take us into Bull zone which awaits us above this zone. Supports for Nifty remain at 22240, 21954, 21782 and 21281. Below 21281 there can be a bear mayhem which can see Nifty slipping into recession mode. For now that zone is far away and shadow of the candle currently looks neutral to positive. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty trying to stage a comeback but big resistances approachingNifty is in the process of staging a grand come back. Toda it closed with heft gain of 1.15% and 254 points. However there is an important trend line resistance including the supply zone between 22394 and 22455. If we get a closing above 22455 by the end of this week we can assume it will be a come back otherwise this bounce can be termed only as a technical bounce from the oversold zone. Once we get a closing above 22455 the next resistances will be at 22692 and 22981. Post this there will be Mother line, Major trend line and Father line resistance which can be seen in the chart at 23163, 23411 and finally 23477. It is a long way to go before we reach there. Bulls can claim a dominating position only after a closing above 23477. Supports for Nifty remain at 22183, 21954 and 21576 currently. All eyes on the closing we get this weekend. Positive or positive to flat closing required in the next 2 days for bull run to gather proper steam. Shadow of the candle currently looks neutral to positive. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 04.03.2025Monday’s session started on a positive note with a gap-up, as Nifty touched a high of 22,261.55 but failed to sustain and dropped to 22,004.70. It later recovered slightly, closing at 22,119.30, losing just 5 points from the previous close. The Weekly Trend (50 SMA) remains negative, while the Daily Trend (50 SMA) is now in oversold territory. Demand/Support Zones Near Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Supply/Resistance Zone (Daily): 22,508.40 - 22,625.30 Far Supply/Resistance Zone (Weekly): 22,720.30 - 23,049.95 Far Supply/Resistance Zone (Weekly): 23,222 - 23,807.30 Outlook Nifty has declined 4,272 points (16%) in the last 5 months from its All-Time High of 26,277. The Daily 50 SMA is now oversold, which could lead to some buying near the 22,000 psychological level. However, multiple gaps and fresh supply zones on the Daily and Weekly charts indicate that any upside move is likely to face selling pressure at higher levels. A Sell-on-Rise strategy remains favorable until a strong reversal is confirmed.
NSE:NIFTY
by PriteshPalan
Market Still Searching for Bottom. Nifty is still searching for a firm bottom from where it can form a base and launch a comeback. RSI of Nifty on Weekly chart is at 34.15. The weekly RSI was this low only during COVID fall when market RSI had gone below the level of 20. Most of the levels are being broken down week after week and day after day. Now Nifty supports are at 22054 and 21813. 21813 seems to be a very strong support if this support is broken we have only 21281 support which was the Election day low where there was a fear of regime change. If 21281 is broken then 20507 and 19706 Father line of weekly Chart. Daily RSI is at 22.4 which indicates Nifty might be near the oversold zone. Upside resistances for Nifty are at 22588, 22743. Crossing these 2 hurdles will bring in a formidable Fibonacci resistance of 23214 and 23334 (Mother line of Weekly chart) into picture. Bulls can make a come back only after we get a closing above 23334. Amongst all these negative indications Nifty 50 PE valuations are at 19.7. The 10 year Average PE of Nifty 50 is at 23.5. Which means lot of stocks are trading below their 10 year Price to Earning average and value buyers can see an opportunity here for long term investment and they can start collecting fallen stars. Daily Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Long Term Nifty Outlook Based on 2023 Fibonacci levels. Based on the Fibonacci levels plotted from the point from where rally started on 2023 towards the peak and reverse Fibonacci from the same 2 points. We can make the following deduction: Major Supports for Nifty can be around: 22500, 22169, 21845. Negative scenario as of now seems to be near 21227, 20507, Father line support of Weekly chart 19710. Worst case scenario 19170 or 18769. (Possible but improbable) But you never say never. Major Resistances for Nifty will be at: 23214 Fibonacci level resistance, 23351 Weekly Mother line resistance, 24921 and then previous peak at 26277. Best case scenario for Nifty to make a come back with a bang and show us a new high near 28000+ levels (Possible but improbable) But your never say never. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 25.02.2025Monday’s session saw Nifty opening with a massive gap-down of over 185 points at 22,609.35, attempting a minor recovery to 22,668.05, but eventually slipping to a low of 22,518.80. It closed at 22,553.35, losing 242 points from the previous close. Both the Weekly (50 SMA) and Daily Trend (50 SMA) are now negative, signaling weak market sentiment. Demand/Support Zones Near Support: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Minor Supply/Resistance Zone (5m): 22,605.55 - 22,617.80 Near Supply/Resistance Zone (15m): 22,763.20 - 22,812.20 Near Supply/Resistance Zone (75m): 23,176.15 - 23,235.50 Far Supply/Resistance Zone (75m): 23,248.45 - 23,301.75 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 Outlook With Nifty breaking and closing below the key 22,600 - 22,800 support zone, bulls are struggling to hold ground. This breakdown confirms a Lower High - Lower Low pattern, reinforcing a Sell-on-Rise strategy. Unless Nifty reclaims 22,800 decisively, expect further downside pressure.
NSE:NIFTY
by PriteshPalan
Reverse Hammer in Nifty (confirmation pending) sign of reversal.A reverse hammer pattern is formed in Nifty in the weekly charts. Usually This kind of formation signals trend reversal. For reversal to be successful we need a closing next week above 23044. If this happens investors and traders can breathe a sigh of relief from the on going market correction. If the reversal is not successful we might see Nifty fall further to 22427 or in the worst case scenario the next supports will be at 22132, 21718 or even 21302 as of now. On the positive side if the reversal is successful we may see Nifty rising to 23383, 23819, 24205 or close to 25K if we get a weekly or monthly close above 23044 level. Another point which goes in favour of Nifty is that weekly RSI currently is at 39.39. Last time the weekly RSI was this low was in March 23 when it was 38.80. After this point we saw a rally in Nifty which lasted almost 18/19 months. So a further small dip post which we can see a come back in Nifty as per the Relative Strength Index. Next week and the week after than will be critical for reversal of Nifty. Shadow of the candle neutral to positive this week. We might be near a temporary bottom (confirmation pending). Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Intraday Support & Resistance Levels for 20.02.2025Wednesday’s session saw Nifty opening gap-down, touching a low of 22,814.85, before staging a sharp recovery to 23,049.95. However, selling pressure kicked in at higher levels, leading to a close at 22,932.90, down 12 points from the previous close. The Weekly and Daily Trends (50 SMA) remain sideways, reflecting market indecision. Demand/Support Zones Near Demand/Support Zone (Daily): 22,620.35 - 22,910.15 (Tested multiple times) Far Support Level: 21,281.45 (Low of 4th June 2024) Far Demand/Support Zone (Daily): 20,769.50 - 20,950 Supply/Resistance Zones Near Supply/Resistance Zone (75m): 23,176.15 - 23,235.50 Far Supply/Resistance Zone (75m): 23,248.45 - 23,301.75 Far Supply/Resistance Zone (125m): 23,316.30 - 23,409.65 Far Supply/Resistance Zone (Daily): 23,443.20 - 23,807.30 Far Supply/Resistance Zone (Daily): 23,976 - 24,196.45 Far Supply/Resistance Zone (Weekly): 24,180.80 - 24,792.30 Outlook For the last four trading sessions, Nifty has been finding support near 22,700 - 22,800, but struggling to close above 23,000. If it crosses 23,000 - 23,050, we may see an up move toward 23,200. However, multiple supply zones between 23,176 - 23,400 could act as resistance, leading to renewed selling pressure.
NSE:NIFTY
by PriteshPalan
Mother Line again resisting and Trendline supporting. Something got to give now in a big way as Mother line 50 Hours EMA of 1 hour chart is resisting the up move and trend line formed from the base of recent low is providing support to the Nifty. Few things can happen here which everyone can observe for Educational purpose: 1) If Trend line is broken Nifty will again try to seek support at 3 month or more cyclical points of 22802 or 22722. If 22722 is broken Nifty may find itself again searching for Bottom which can be temporarily near 22451. 2) Second thing that can happen is Nifty can just like last 2 days stay range bound and trapped between trend line supports and resistance in the range of 22722 to 23022 (Mother line of 50 hours EMA). 3) We might get a break out if we get a closing above 23022 (Mother line). In such a scenario the next resistance levels based on cyclical 3 month or older data seem to be near 23108, 23200 or 23283 (200 Hours EMA or the Father line). If we get a closing above Father line 23283 the next resistances can be 23494 or 23804. This is what short term outlook of Nifty looks like. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment