Niftyview
NIFTY 500 is going downSince the year 2000, when NIFTY 500 was born, the last peak was always touched before upwards and onwards. That is the entire living history of NIFTY.
NIFTY 500 is the broadest perspective of the market, so there's a 90% chance your stock is in this index.
This time, it's different?
NIFTY Monthly Divergence Indicates Bearishness for Months !!This is not to scare anyone ! But I have rarely seen any divergence on Monthly NIFTY50 chart. A monthly divergence indicates bearishness that might last for several months. Good thing is that, divergence has about 30% failures, and bad thing there is about 70% chances of happening this. My initial target would be about 15500 and further direction may be decided based on price action there.
Whats Happening on the weeklies:
Good thing is that, the early weekly candle appears it is getting rejected from previous weekly low of July 21. However, almost four trading sessions to go!!! Breaking these level would be more downwards. However, some pull back from this level is possible. The hourly chart below is also showing some bullish divergence, indicating some reversal from here. But God Knows how long that will hold.
Review and Trading plan for 21st March 2023Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
Zig--zag correction to end soonNifty seems to be completing a zig-zag correction soon. Then we see a bounce of at least 3 waves if not 5.
The nature of bounce we get shall decide whether we are heading for new highs or more correction is in store!
I shall update the idea accordingly.
Thanks for reading :)
#NIFTYFUTURE #niftyfutures #niftyoption #Elliottwave #NSE #StockMarketindia #niftyupdate
Nifty technically long now for immediate short term Mar'2 seriesIn daily chart, RSI seems to make short term bottom for 50% retractacement which is nearly 17400 in March series itself.
Technically if we look at past trend from Nov 30, 2022 when Nifty topped 18830 from there after every fall RSI has been bottom out around 35-36 levels and from there 50% upside has been retraced. Hence in short term nifty can quickly surge to 17450-500 levels in Mar series.
On the other side if this falls continue which is not a likely bias then lower side will find a minor support around 16725-50 there after 16250-75.
nifty50 spot view in dcbNSE:NIFTY presently trading at around major support zone and as well as 50% fibonacci retracement zone, hence we may see a reversal move from hereon.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
NIFTY : Levels for 16th Mar
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
NIFTY50 MONTHLY CANDLE HISTORICAL PATTERNInteresting fact from 2009 to 2022,
if you see after every Three RED Candles,
4th candle turned in green & moved towards ATH. In 2015 to 2016 it reversed after 5th Monthly candle.
So not to panic history will repeat either this month or next month.
im just waiting for right opportunity