Niftyview
Until there is clarity there is chance of trend reversals.U.S. markets had started to recapitalise with strong volumes and Federal Reserve had yet again thrown the markets into dungeons, sentiments for far ended future is dark but calmness in Traders mind is soothing who do not indulge into straightforward long calls, and have fun with PUTS. Theme of Global Securities and ETFs is increasing at higher ends but Equities have shown bad faith to the Investors at large. Soon there will come another retracing peak and everybody will start to think the Downtrend ends here and Uptrend begins, it could be because it is much required and estimated now, not even now then when? But technical analysis is giving vibes of Shorting the NSE indices each and everyday, but fundamentally speaking going long is always the choice we all like and end up thinking more about it and then ultimately doing the human error. Bots are vitalised well enough to trade in any environment but are they configured to see an end of a trend and signal it to us? No only TA can do that.
Nifty is the most predictable yet toughest to trade symbol.It has a pathway, that is not surely wrong. It has an implied volatility that is also not anyway wrong, but the traded value changes the entire performance system of this asset. It clears to each trader that if you want to time the movement I might proceed then you would definitely loose out capital, yet if you stay positive on your assertion or calculation and not swing like I do, then you might earn decently. But if you attempt to create a momentum of trades like it does then probably you would loose out each cents of capital like I have done quite alot of times in the past. It has a pathway judge that and abide by that.
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.