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Niftyweeklyupdate

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 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
Nifty Weekly Analysis for Jul 17 - 21🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 17 - 21 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, 19330, 19600. 🔎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 19600, 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 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 26 - 30🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 26 - 30 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 18535, 18650, 18660, 18890. 🔎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 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:NIFTYLong
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
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Nifty Weekly Analysis for May 8-12Analysis on nifty for upcoming week May 8-12: The Nifty index seems to exhibit a bullish trend in the long-term while showing bearish in the short-term, according to the market structure. In the upcoming week, it's important to monitor key levels 18040, 18065, 18090, 18105, 18250, & 18270 My outlook: The upcoming trading week looks like crucial for bulls. Till now bulls had run a quick up trend with gap ups & big green candles of 1300 pts in 21 trading days. Bulls looks like they have exhausted slightly, on the last trading day, the entry of bears are strong & clear with huge gap down & closed below the opening. In coming week if nifty sustains above 18040-18105 then we can expect a minor consolidation, until nifty BREAKOUT strong resistance 18250 with strong & clear candle. In case if nifty BREAKDOWN 18040 level with strong & clear candle in daily time frame, then bears will take control and we may see bear trend to unleash.
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 1st to 5th July 2022. Can the rally continue?Will the rally continue or fizzle out? Is the big question. After a fantastic week where we saw Nifty end at 17158.25 after taking support from 200 days EMA we are set for another week where Nifty where Nifty is in the position to move forward if it can clear few resistances that are up and ahead. The support levels for Nifty on the down side are 17028, 16947, 16747 and finally 16535. Below 16535 which looks unlikely for now Nifty can go to the levels of 16430 or 16304. The resistances Nifty has on the way up are: 17213, 17333 and 17431. Above 17431 major hurdles will be 17649 and 17798. These 2 levels (17649 and 17798) can be crossed if and only if there is a massive participation from FIIs, DIIs and Retail investors.
NSE:NIFTYLong
by Happy_Candles_Investment
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
Nifty outlook for 11th to 15th JulyNifty had another fascinating week where Bulls are trying to snatch initiative from the Bears. In case Nifty can sustain the levels above 16152 which it has successfully done on Friday when it closed at 16222.60 we can see Nifty rise till 16550 where it will face 200 days EMA resistance. In case Nifty falls below 16152 level we can see it searching for supports. Nifty Resistance levels: 16343, 16400, 16549 and finally 16809. Nifty Support levels: 16152, 16030, 15930 and finally 15500.
NSE:NIFTYLong
by Happy_Candles_Investment
Market Outlook 16th to 20th May 2022.Nifty opened gap up today at 15977 just short of 16K. Went on to make a high of 16083 but could not sustain the levels amongst the selling pressure and ended negative at 15782. This indicates there is excessive fear in the market and selling pressure on every rise. The market mood index MMI measure of Excessive fear, fear, greed and excessive greed indicates that we are in the excessive fear zone. Buying during these times may create wealth for long term investors. The support and the Resistance zones are as under: The Support Zones: 15734, 15671, 15507 (This is the final support, Nifty breaking that is highly unlikely but below these levels we can see a free fall to 15052 to 14484). The Resistance Zones: 16083, 16235, 16484, 16819 and 16964.
NSE:NIFTY
by Happy_Candles_Investment
Support for Nifty might be round the corner. (Weekly Outlook)It was a bad week for NIFTY all hopes of recovery vanished as NIFTY could not sustain above 200 EMA after failing to sustain above 50 days EMA last week. NIFTY is trapped in a downward parallel channel currently having broken even the mid channel support levels from where NIFTY can turn upwards now are at. Important Support Levels for NIFTY will be: 16340, 16135 (key support), 16009 and finally 15500 (Channel bottom). Important Resistance levels for NIFTY will be: 16484, 16616, 16858 and 17072.
NSE:NIFTY
by Happy_Candles_Investment
Nifty 50 Updates for next week April 24Continuing the analysis of Nifty50 as per the idea shared on April 19, the following are the events that unfolded. 1. Price reversed from the PRZ at 0.886 (17150) and found resistance at the confluence of the last swing high and the trend line coming from the top at 17300, triggering a late sell-off on April 19 - on the back of some news related to the Russia Ukraine war 2. The sell-off was so severe that Nifty50 breached 17000 and met the 1.13 PRZ at around 16870 levels in a flash 3. When everybody had turned bearish, the next day, April 20, saw a gap up opening above 17000, and the index posted a splendid recovery until 17500 levels on April 21, creating a highly bullish candle 4. At this point, Nifty50 had formed a half-bat pattern as shown - with 17500 as a powerful resistance level 5. When everybody was bullish because of the strong closing on April 21, the index surprised everyone with a gap down around 17240 levels - thanks to the half-bat pattern! 6. The day continued to be bearish, with Nifty closing around 17170 levels on the spot 7. During this same period, world markets have been bearish, with Dow falling almost 2000 points till the closing on Friday (April 22) and SGX nifty closed on Friday around 17000 levels after our market hours. 8. Coming into the last week of April, Nifty50 is posted around a critical range between 16800 and 17500. An ABCD pattern is visible from the point of rejection around 17500. 9. Now, coming to the possibilities for the week, these are the things that could happen a. Nifty50 opens gap down on Monday per the global cues and breaches the 16800 levels - this will activate the ABCD and the probability of testing levels around 16230 opens up. b. Nifty50 opens the gap down and regains 16800 levels forming a double bottom around these levels. In this scenario, two things can happen i. Nifty50 goes sideways and trades in a range between 16800 and 17500 with high volatility ii. Nifty50 gains momentum and breaks the 17500 barriers to become bullish and thus will form a ‘W’ pattern to scale 18000 in the May Series 10. Looking at the news flows over the weekend, things are very mixed - ICICI Bank has posted a good result, as Reliance - Future Retail deal off is not a good sign 11. Overall an exciting week ahead - we will keep you posted on how the views pan out as things evolve
NSE:NIFTY
by CodeViser
Nifty Outlook for the coming week from 21st to 25th March 2022.Nifty has ended the week on a high at 17287 on the back of moderate US FED rate hike and Crude prices easing considerably. The chart is looking excellent and Bulls would be ready to take over the baton from the next week but there are few important hurdles they can face. Thursday’s high of 17344.6 from where the Nifty slid almost 57 points can be a strong resistance. Above those levels the resistance will be near 17500 to 17615 zone has lot of mild resistances. On the down side the support levels will be Thursday’s low of 17175 below that 17049 and 16814.
NSE:NIFTYLong
by Happy_Candles_Investment
A Week like no other when FIIs sold and DII + Retail were Bold.Weekly Round-up: This was a week like no other. This was a week where FIIs were on a selling spree they sold worth Rs.22,158.15 roughly and DIIs were net buyers worth Rs.10,249.4/-. Although FIIs were able to shrink the Indian market by aggregate 2.92% but it is rare to se so much disconnect between Global and domestic investors. Are global investors not seeing what locals are seeing or are local investors aware of something which global investors perceive as worrisome. It is complete discord, disengagement, divide and sunder between views of global and local investors about Indian markets. The case might be something else may be it has nothing to do with future of Indian market, the global sell off from FIIs from emerging market and Big-Tech was due to US FED led hawkish stance. Rise of the Dollar Index and Russia Vs Ukraine + EU + US catastrophe that might unfold. The other reason can be fear of escalation of discord in Middle East due to Houthi missile reaching UAE. All Said and done the confidence shown by retain participants and DII in India was full of swag and disdain towards the moves of 'Goldilocks'. The brown sepoy mentality and the colonial hangover might finally be giving way to self belief, confidence in the country, it's economy and it's future. This determination, confidence, fearlessness, aplomb, certitude and assuredness will probably take NIFTY to 20K+ and higher in the near or far future. Coming to the present and short term view support of NIFTY is at For the next week will be 16836. Below which NIFTY can fall to 16418 and 16301. It looks difficult that Nifty will take that direction as we might be looking at a populist budget which can take NIFTY upwards towards 17196, 17254 which will be a formidable resistance. Crossing 17254 on a daily closing can take NIFTY to 17352 and towards 17582 and further.
NSE:NIFTYLong
by Happy_Candles_Investment