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Nifty Not sustaining above mid channel support not a good omenNifty Not sustaining above mid channel support not a good omen for the Bull run. Somehow Nifty has to make a comeback in next 2 or maximum 3 days and sustain above Mid channel line which is around 18413 mark. Right now Nifty als faced a trend line resistance which emancipates from previous top. The zone was too hot for Nifty to handle and it leaped back towards the support of 18323. Supports for Nifty Will be at: 18323, 18275, 18206 and finally 18068 to 18040 zone. (Major buffer Support). Below 18K Bears start to loose control. Resistances for Nifty: 18413, 18455, 18525 and finally 18601 (Major Resistance).
NSE:NIFTY
by Happy_Candles_Investment
NIFTY-- 18500 or 18000 ??Observations:: Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish, we have one more supply zone below @18260 if this pushes the price up again bullish ?? After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels. consolidation + down move= up side Look for selling opportunity from 18450-18500 zone, falls below 18400 levels, 18400 acts as resistance we can go for sell again.
NSE:NIFTYLong
by IIT-Trader
NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish. ------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels. -------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels. 18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels. -------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
NSE:NIFTY
by IIT-Trader
Nifty daily analysis1. 18320 if nifty crosses this level after opening sideways than we can enter to buy in full 2. if nifty opened with gapdown then we will see price action- if after 5 min it makes hammer and crosses we will buy it 3. if nifty opened gapup then we will wait for 5 min candle on lower side for gap filling - we could buy if market makes some bullish pattern by taking support of 18320. 4. if you want to sell on gapup then trade less than 1/3 qty after 5 min low breakout 5. if price-action is formed on lower side after gapdown below 18200 then we will try to sell in 1/3 qty. We will turn bearish for short term if market breaks 18100
NSE:NIFTY
by aditya_k_mukherjee
NIFTY--Supply acts as Demand@18260??Observations:: --------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels. ---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level. If facing resistance @18340 levels and 18260 level or 18200 level acts as support more bullishness is observed. Supply Acts as Demand@18260 level. keep track this levels. Key level of support: 18060 and 17960 levels. ---------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by IIT-Trader
NIFTY--Expiry Levels @18160-18340------->>Price is clearly broken the support @18200 level strongly. -------->> we have a previous resistances @18340 and @18260 levels failed to act as support, witnessed that more selling pressure is observed. --------->> now price wants to test which level,18260 level where a strong gap down occurs previously. ---------->> This will again act as resistance, but while breaking 18260 level price leaves a supply zone in the range 18340-18360 range, so today price will test these 2 zones. Key level of support: 18060 and 17960 levels. Note:: Expiry will close in the range 18160-18340 Range. Keep track these levels.
NSE:NIFTY
by IIT-Trader
Nifty 15May23 to 19May23 ST,MT & LT-Chart Cleaned for VisibilityNifty 15 May 23 to 19 May 23 Short ,Medium and Long Term Nifty closed at 18314 ( 18069) and touched low of 18100. Nifty touched high of 18389. Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support. Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines) RSI ,MACD and Stochastic are at 69%, 210 and 92% KN Election results will play small setback in the indices, might drop to the the support level provided in the coming week in initial trading sessions. However after small consolidation it will again try to attempt to surpass 18465/ 18600 /18900 in the Medium term. Nifty- short term is Neutral to Long. Need to decisively close above 18274 to reach targets ext target at 18437/18465 ( fibonacci resitances) . Nifty support at 18111/18204/18274 Buy on Dip Nifty Medium Term - Nifty need to break decisively above first target 18274 to reach next target of 18437 ( Fibonacci 0.786 Retracement)/ 18640/ followed by prev high 18890. Nifty have multiple support for Medium Term - 17865/17741 ( Previous Highs) and 17560 ( April Low) Below that 17387- 17340/ 17252 Long term- Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000 17208/17180//17000 long term support at 16746 ( Sep22 Low) Long term Investors can accumulate following Mutual Funds NIFTY 50 Equal weight Bank Nifty Nifty IT (Buy on dip)
NSE:NIFTY
by karthikss