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Niftyweak

Nifty still looking weak. Nifty looks week and it is presenting / Will Present a great opportunity for the long term investors to accumulate gems from bottom. Market is not yet oversold but it starting to look one. Important support levels for Nifty are: 18830, 18333 (likely bottom). If 18333 is broken we might see bears taking complete charge of the market and drag it further down to 17734 or 16818 levels. (Very unlikely but you never say never). Predicting exact top and exact bottom is next to impossible job we can pick probable levels which can at as strong supply zones or comeback zones for spot Nifty.
NSE:NIFTYShort
by Happy_Candles_Investment
Nifty Showing signs of Weakness. Nifty is showing signs of weakness major factor being crisis in the Middle East. Few supports on the down side will be tested in the coming week. If the Nifty can take support at any of the support levels given below only then there will be chance of recovery by end of next week or by end of the month. Supports For Nifty: 19489 (Weak support), 19328, 19029 (Strong support), 18822 (Very strong support). Resistances for Nifty: 19602 (Strong Resistance), 19684, 19845.
NSE:NIFTYShort
by Happy_Candles_Investment
NIFTY lost momentum fell from 16.4K to 16.24K. Signals weakness.NIFTY Strongly rejected the levels of 16400 days high and ended close to 160 points lower. This is a bad sign for the short term. As the rally could not sustain and lost steam and momentum is gone bottom will be tested again. It will be difficult for NIFTY to hold 16K levels tomorrow. If NIFTY hold 16K levels by the end of the day tomorrow. There will be a positive momentum back in the favor of bulls and Friday or Next week Nifty will try to push forward again. However if 16000 level is broken the pressure will be on 15800 to hold the ground. If 15800 level will be lost we will see 15.5K or even 15/14.8K on NIFTY. So tomorrow will be a very critical day. Although lot of new investors would not have seen such volatility those who have seen lot of Bull and Bear markets will tell you that at the bottom and at the top such volatility is common. It is only through this churn that NIFTY will identify a firm bottom / a firm foundation for the next bull run. Short Term View: Neutral to Bearish (14800 to 16700). Medium Term View: Neutral (14800 to 17600). Long Term target (2022 Oct-Nov to 2023 January-March) = 19.3K+
NSE:NIFTY
by Happy_Candles_Investment