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Niftyweekly

Nifty might be turning corners if there is no further bad news.The medium term outlook of Nifty is that it might be turning corners if there is no further bad news on Global or Local front. RSI is also turning in the positive or bullish zone. 23251 which was the 50 Weeks EMA or the mother line was almost taken and Nifty took a support at exactly mid channel support. This level be the key going forward. In the monthly closing or thereafter if this support is broken then we might see a bear attack once again. In such a scenario next supports will be at 22825. If this support is broken the next supports will be at 21324, 20313 or even 19133 in case of a global catastrophe of some unexpected even from Ukraine / Russia / Iran / Israel front. As of now 23251 seems to be the bottom. The medium term resistances on the upper side remain at 24432, 25073, 25732 and 26152 before Nifty gains previous highs. Nifty channel top currently seems at 27100 levels. There will be a lot of consolidation and it will take a long time before we reach there (2 to 6 or more months). Difficult to predict exact time frame due to lot of uncertainties on the local and global front.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Weekly Analysis Aug 7 - 11🔍 Analysis on Nifty for the Upcoming Week 🔮 Aug 7 - Aug 11 The Nifty index seems to exhibit a bullish trend in the long-term & bearish trend in the short-term, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 19190, 19200, 19235, 19300, 19750, 19800, and 19990. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional view (Sideways). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19800, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890 level.
NSE:NIFTY
by venunomula
Nifty Weekly Analysis Jul 31 - Aug 4🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 31 - Aug 4 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 19190, 19200, 19560, 19865, & 19990. 🔎My outlook: The outlook for the upcoming week’s trading suggests a directional view (Bullish). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level. 📊 Support Level: As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
NSE:NIFTYLong
by venunomula
Nifty Weekly Analysis for Jul 24 - 28🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 24 - 28 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 19190, 19200, 19560, 19990. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional view (Sideways). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level. 📊 Support Level: As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
First Signals of Bull Rally cooling down.The 1.17% negative fall in stock market today courtesy weak guidance for 2024 by Infosys set the cat amongst the pigeons and profit booking in major sectoral indices lead by IT started. Capital goods and PSUs index were trying to provide some support and respite to the Nifty. On weekly chart the zone between 18887 and 50 weeks EMA which is at 18000 looks like major support zone. Before Nifty reaches this zone there will also be supports at 19565 and 19117. In the worst case scenario of some major bad news 16856 and 200 Weeks EMA of Nifty which is near 15566 can also provide major support. (Highly unlikely Nifty reaches there but you never know). Resistance on the upper side for Nifty remain at 19747 and 19991. Long term target for Nifty is first 20002 and then 21035.
NSE:NIFTY
by Happy_Candles_Investment
2
Nifty Weekly Analysis for Jul 10 - 14🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 10 - 14 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18890, 19190, 19200, 19235, & 19525. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional view (Sideways). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19525, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890level. 📊 Support Level: As long as Nifty sustains above the support level of 19190, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
Nifty Weekly Analysis for Jun 19 - 23🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 19 - 23 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern. 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level. 📊 Support Level: As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
Nifty Weekly Analysis for Jun 12 - 16🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 12 - 16 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18250, 18530, 18535, 18660, 18775, & 18885. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern. 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18780, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18530, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level. 📊 Support Level: As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
Nifty Weekly Analysis for Jun 5 - 9The Nifty index displays a bullish trend in both the long-term and short-term, as indicated by the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's crucial to keep an eye on the following key levels: 18251, 18465, 18535, 18660, 18890. 🔎 Outlook: The outlook for the upcoming week's trading suggests a non-directional market, potentially characterized by a sideways pattern. 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18660, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18465, confirmed by a strong and clear daily candle, it may signal a decline towards the 18050 level. 📊 Support Level: As long as Nifty sustains above the support level of 18465, the market can be viewed as bullish. 👀 Stay vigilant and closely monitor the price action throughout the week to make informed trading decisions. Good luck! 🚀💼
NSE:NIFTY
by venunomula
Nifty Weekly Analysis for May 22-26Analysis on nifty for upcoming week May 22-26: The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. In the upcoming week, it's important to monitor key levels 18060, 18065, 18090, 18105, 18250, & 18460. My outlook: The outlook for the upcoming week's trading appears to be non-directional, with the possibility of nifty remaining in a sideways pattern. If nifty breaks out above 18460 with a strong and clear daily candle, it could indicate a bullish market trend. However, if nifty breaks down below 18060 with a strong and clear daily candle, it could signify the entry of bears into the market. As long as nifty sustains above the support level of 18060, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
Nifty Weekly Analysis for May 15-19Analysis on nifty for upcoming week May 15-19: The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. In the upcoming week, it's important to monitor key levels 18065, 18090, 18100, 18105, 18250, & 18389. My outlook: The upcoming trading week looks like non-directional, nifty may stay sideways. If nifty BO 18390 with strong & clear daily candle then we can expect market to be bullish. If nifty BD 18250 with strong & clear daily candle then we can expect bears are entering into market. Until nifty sustains above 18250, we can remain bullish on market.
NSE:NIFTY
by venunomula
1
Nifty Weekly Analysis for May 1-5Analysis on nifty for upcoming week May 1-5: The Nifty index seems to exhibit a bullish trend in the long-term & in the short-term as well, according to the market structure. In the upcoming week, it's important to monitor key levels 17610, 18090, & 18105. My outlook: After analyzing the chart, it appears that the Nifty index had a strong upward momentum last week, gaining 475 points. Based on this, it is my expectation that the market may enter a sideways movement phase with increase volatility in the upcoming week, with the index trading within a range of 500 points, specifically between the levels of 17610 and 18105.
NSE:NIFTY
by venunomula
Nifty for week 9 Jan 2023 to 13 Jan 2023Weekly Analysis Last week Nifty opens with a slight gap, tested the previous week high's though did not sustain at highs, and moved lower and closed near the week's low. Formed: Bear Candle Price action combined weeks: Sideways {Inside candle - the price has been consolidating in a candle range for the past two weeks} Seems like the price would trade sideways in the coming week as well and the range can get narrower and time for strangles Weekly Support at 17670- 17850 Weekly Resistance at 18200-18400
NSE:NIFTY
by manuagarwal21
Nifty Outlook for week starting 18th-22nd July 2022 - POSITIVE.NIFTY gave a strong closing on Friday as it ended above a long term support of 15917 and 16030. Yet the Important hurdle of 50 days EMA is still ahead of it which is at 16132. Crossing and closing above 16132 will be important for Nifty to go towards 16277. above 16277 levels Nifty in a short to medium term can go towards 16525 which is it’s 200 days EMA and a strong resistance. Bulls will be in command only above this level. On the lower side again 16030 and 15917 will be the support zones. Below 15917 Nifty can go towards 15738 zone, however during the next week if Nifty closes above key level of 16132, chances for positivity will be more.
NSE:NIFTYLong
by Happy_Candles_Investment
Weekly NIFTY Outlook From 06th June to 10th June 2022After struggling to cross 50 EMA resistance Nifty on Friday crossed it finally and the momentum helped it to cross 200 days EMA too. But the joy was short lived and 200 days pushed NIFTY downwards so hard that end of Friday the indices where reeling under both 200 and 50 EMA as you can see in the chart. Now NIFTY will look to find a support again. Only after finding a proper support, Nifty will rise again and try to conquer both 50 and 200 EMA Resistances which are close to one another and a formidable resistance to conquer. The Support Zones: 16531, 16442, 16228, 16086, 15904 (Very strong support) and finally 15756. Below 15756 bears will have full control of the market. The Resistance Zones: 16674, 16746 (Very strong resistance), 16793 and finally 16951. Above 167953 we can see the rally consolidate towards 17300 levels.
NSE:NIFTY
by Happy_Candles_Investment
Market Outlook 30th May to 3rd June 2022. Market has given strong push with thrust upwards towards end of this week. The rally if sustains above 16400-16495 zone will push momentum in favor of Bulls and Market can continue rally in coming week or weeks towards 16700 and above. The important level to hold and cross for Nifty would be 16400. The Support Zones: 16219, 16026, 15913 and finally 15766. Below 15766 bears will have full control of the market. The Resistance Zones: 16400, 16489, 16692 and 16754 will be a major resistance. Above 16754 we can see the rally consolidate towards 16900 and 17300 levels.
NSE:NIFTYLong
by Happy_Candles_Investment
Market Outlook 18th April to 22nd April 2022. Market took a support at 17442 on Tuesday last week and the support is not broken in the curtailed week that we had. It remains to be seen if market can hold the support in the coming week. If the support is broken the market can further fall to 17336 and 17303 levels. In the worst case scenario, we can see 17032 levels. If 17032 will be broken the Bears will take over the market. If 17442 holds for now we can see Nifty testing and trying to break the resistances at 17676, 17822 and 18109 levels. Inflation and disrupted supply chain due to war is still putting pressure on growth targets of the companies as we are beginning the Q4 result season.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Outlook for the week 11th April to 15th April 2022.Market took a support at 17600 on Friday breaking a three-day correction after a massive run which took Nifty from the levels of 15671 to 18095. Nifty ended at 17784 which is just below two important resistances of 17855 and 17931. If it is able to cross these two resistances and is able to consolidate above 18,000 levels, we may see a new high on Nifty within few weeks or months. Supports on the lower side for NIFTY are 17600, 17364, 17271 and 17008. Resistances on the upper side are 17855, 17931, 18114 and 18263.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY IS IN RANGE BOUND- CONSOLIDATION HAPPENING IN PAST 3 WEEKS, NIFTY IS IN SMALL RANGE OF 400-450 POINTS. CONSOLIDATION PHASE GOING ON NIFTY IS TAKING GOOD SUPPORT NEAR 50 AND 100 DAYS MOVING AVERAGE SO IN TWO WAYS TRADES CAN BE TAKEN WAY 1 BUY NIFTY NEAR 10950 SL 10850 TARGET 111200-11240 SELL NIFTY NEAR 11300 SL 11400 TARGET 11000- 10950 WAY 2 (WAIT FOR BREAKOUT OUT ) BUY NIFTY F CLOSE ABOVE 11300 SL 11200 TARGET 100450-11500 SELL NIFTY BELOW 10875 SL 11000 TARGET 10600-10500 VISIT MY YOU TUBE CHANCEL FOR LIVE ANALYSIS AND FNO DATA ANALYSIS (WEEKLY)- LINK IS IN BIO
NSE:NIFTYLong
by BATTINA_ABHISEK