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NIFTY 50 is testing important resistance now.Hello Everyone, This is the first time i am sharing my idea on NIFTY 50, Indian Index. Past 3 days were very good for NIFTY. rise of more than 700 points. But now i see downward wedge pattern in Daily chart. Possible scenarios i see here are; 1) Strong resistance at 16000 . We should see profit booking here. we may test 15600 again for good pump. 2) If we continue trend above 16000, (possibilities are slightly high) next strong resistance is between 16150 to 16300 . we should see strong pull back from this levels to 15800 . American market is following the same trend. So trade carefully. #IndianExchange #NIFTY50 #StockMarket
NSE:NIFTY
by Mr_Mainra
NIFTY50 Reversal In Sight? With Option Trade StrategyNifty50 has strong support at 15750, and it looks to respect it. We can look forward to a reversal in Nifty 50 from this point onwards if no bad news flow comes into the picture. So until Nifty stays above 15750, we can expect bulls to arrive into the market. If Nifty has a significant-close below the lower trendline we can expect further bearishness. So it is a good idea to deploy Long Iron Condor Strategy with 10 Days To Expiry. DYOR Before Trading/Investing. Not Responsible for P&L. Only for educational purposes. Option Trade Idea: +1x 26MAY2022 15750CE @ ₹ 300.55 -1x 26MAY2022 16500CE @ ₹ 35.25 +1x 26MAY2022 15750PE @ ₹ 205.1 -1x 26MAY2022 15300PE @ ₹ 80.5 Max. Profit @ ₹ 18,005 (56.82%) Max. Loss @ ₹ 19,495 (-61.53%) Probability of Profit 53.9% Estimated Margin/Premium ₹ 31,685 Breakeven @ 15361.0-16139.0
NSE:NIFTY
by tradewidmufeeth
Better days for Coal India ahead!This stock is often overlooked It is a part of Nifty-50, and major weightage in Nifty-Metal Index as well. It seems it is time that we get our eyes on this counter again The line drawn in the chart is a regression line for Coal India. It is downward sloping currently. But notice that price has closed above the regression line on the weekly charts. If we see the last 4 candles on weekly charts, we observe this:- - All four are green candles - Body-size of candles in increasing (getting larger and larger) Bollinger band expansion bodes well for the stock in the near term. Volume: If we see the past 2&1/2 -3 years volumes, they have been much higher as compared to the periods prior to 2018 Another way to convey this volume strength is that "long-term volume averages are at/around lifetime highs" Recent Coal Shortages, elevated coal prices, prevailing inflationary trends are also tailwinds for the stock **************************************************************************************************************************************************************** ABOVE VIEWS ARE PERSONAL. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING I AM NOT A SEBI REGISTERED ADVISOR ****************************************************************************************************************************************************************
NSE:COALINDIALong
by Samyak_Shah
NIFTY50 Price Analysis - Medium to Short TermNifty50 index has been in the price range for nearly 6 months and is under high volatility due to variety of news flows. As of now Nifty 50 is near major resistance and any significant breakout and close above it will cause a rally while any reversal will cause a correction for the short term. A decisive Breakout is must for the bulls to continue in dalal street. Any adverse news will also affect its rally or correction in the medium to short term. DYOR Own research before Trading/Investing. Not responsible for P&L.
NSE:NIFTYLong
by tradewidmufeeth
Nifty 50 Ready For A Rally? Medium Term Analysis + Trade Ideas ---> Is Nifty 50 (Indian Markets) Ready for a rally? Will Markets stop correcting? Has the short/medium term bottom been made in the market at 15700? Nifty has been in a downtrend for the past few months due to a variety of factors like FII Selling, Geopolitical Tensions, etc. The market has corrected nearly 16% from All-Time High and now it is looking to bounce back after touching 15700. As the problems look to ease across the globe and as all international markets are recovering. Nifty50 has rallied from the bottom and has broken out from the trendline it has tested multiple times. This breakout is a crucial factor for the bulls to stay. This breakout can cause a rally in the near term but for the bulls to continue we need fundamental factors to be positive or at least neutral. It looks to also take out the 200 EMA which will also act as a support in the near term. Therefore it's time to go long in Nifty. Check out my other stock ideas too. LONG @ 16870 SL @ 16400 TARGET @ 17680 RISK REWARD RATIO -1.75:1 If This Rally Sustains, Fundamental Factors like Geopolitical tensions, Rate Hikes, crude prices, etc. Get Resolved and other resistances are taken out, we can expect 15700 to be the bottom and get ready for another bull run for the next few years. The Valuations of many stocks have also cooled down and are now fairly or undervalued. So it is wise to deploy money into investing in good quality companies. But any negative news or deteriorating economy or fundamentals can trigger a further crash. As for now, markets are bullish and bears might exit after a long time. Even if the markets go down by a bit. Quality Stocks will find their way back up. Note: Views are personal, Not Responsible for P & L. DYOR before trading/Investing. Kindly Checkout my view on the current bull run in S&P 500 which I have attached below in related ideas.
NSE:NIFTYLong
by tradewidmufeeth