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Spotnifty

US FED Pause can give the Market a much needed Booster doseThe market was crumbling under the pressure of crisis in the Middle East since last few days but the news of US FED Pause in the rate hike can give the Market, a much needed Booster dose. The things can turn positive from here because of the news mentioned above as well has market respecting the support zone between 18985 to 18839 zone. Last 2 to 3 days have seen a consolidation of sorts, which can charter the path or market recovery. Important resistance levels for Nifty will be 19094 and 19230. Above 19230 the major resistance level will be near 19472.
NSE:NIFTYLong
by Happy_Candles_Investment
Mid Channel Resistance stopped Positive looking NiftyMid channel resistance acted on positive looking Nifty and levels above 19230 could not sustain. Closing below Mid channel resistance is not a good sign. If Nifty had closed above 19230 we would have seen a sharp rise. Now we are looking at an important support level of 19033. If Nifty can give a closing above 19033 tomorrow it will be considered a positive signal again. If Nifty is not able to sustain above 19033 then again the recent low of 18837 will be tested. If 18837 is not held in the coming week we may see a dip again upto 18489 levels. (Looks little unlikely but you can never be sure with the global tensions going on). Resistances on the upper side will be 19124 and 19230. Above 19230 the next resistance will be near 19492.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Weekly Outlook. As expected Nifty took support from 200 days EMA (Father Line) and jumped 190 points. We are not out of woods yet as the resistance levels in front of us now are 19097, 19366 and 19524 (Major resistance). Supports for Nifty are near 18832 and 18557. Falling below 18557 Nifty can crash further to 18333 levels. It is important for Nifty now to give a confirmation reversal candle on Monday. If we get a Green confirmation candle on Monday we can finally say that Nifty has bottomed out of the Middle East crisis. So Monday and Tuesday closing will be important for further recovery.
NSE:NIFTYLong
by Happy_Candles_Investment
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
More Fall possible but bottom fishers can get readyIn all likelihood the market is getting ready to test the support levels mentioned earlier that is 19029, 18867 or 18826. Long term investors who are holding on to cash can start taking X/3 or X/4 entries in the Portfolio / Long term investment stocks. Market seems to be on the verge of being oversold. Start selecting the stocks that are most likely to be less affected by the Middle East crisis or the stocks that can benefit from the Middle East crisis. More money is made by investing during market falls in the stocks that are looking strong and not hitting the stop losses than actual investment during the bull run.
NSE:NIFTYShort
by Happy_Candles_Investment
Recovery from the big jolt on Monday expected but slowly.As depicted during the weekend a fall was expected. Now recovery from the big jolt on Monday expected but slowly. The supports will be tested again and the recovery might not be as smooth as expected by many investors. As you might have seen FIIs and DIIs were net buyers in the current fall then why the market crashed? Mostly it was due to rush of retail investors who were holding the market. The knee jerk reaction to the Middle East crisis was there to be seen in the market and difficult times might not be over as chances of further escalation is a clear and present danger. Supports For Nifty: 19213, 19029, 18867 and 18826. Resistances For Nifty: 19331, 19477 and 19684.
NSE:NIFTY
by Happy_Candles_Investment
The support that Nifty took today will be tested. Nifty took a decisive support today and bounced back closing above 50 days EMA which shows strength in the market, however the support taken by Nifty yesterday 19512 might be tested again today. If that support hold then we may see a positive up move on today or in the coming week. Nifty will remain under pressure throughout the day. situation remains grim due to Middle East crisis. Auto sector looks positive and Chemical sector seems to be forming a bottom. Nifty Supports: 19511 and 19357. Nifty Resistance:19690 and 19898.
NSE:NIFTY
by Happy_Candles_Investment
Middle East Crisis send shivers down investor's spines. Middle East Crisis send shivers down investor's spines. Things are not looking that great as Nifty will probably look for further support levels. It will be a surprise if spot Nifty hold ground and closes above 50 days EMA (Mother line) that is 19604. If 19604 is broken further supports for Nifty can be found at the levels of 19357. Resistance on the upper side will be at 19878. Let us see where Nifty can hold 19357 by end of this week. Only saving grace is DIIs are buying and buying big since last few days against FII selling.
NSE:NIFTYShort
by Happy_Candles_Investment
Nifty Looking forward with strong positive biasNifty looking strong and holding above the strong support of 19770 can be good positive other supports for spot Nifty are at 19731, 19680 and 19634. Major support closing below which the positive trend can change is 19481. Crossing and closing above 19856 will unleash more upside to Nifty and take it towards 19942, 20053 and finally 20219. Things are looking strong as of now it the level of 19770. The only catch and red flag being further escalation in Middle East crisis and Third of Fourth party joining the ongoing conflict.
NSE:NIFTYLong
by Happy_Candles_Investment
Reverse Head and Shoulder pattern forming in Nifty (Positive)On a closer look at the Nifty hourly chart and smart recovery from the lows of the day, it seems that Nifty is forming a 'Reverse Head and Shoulder' pattern. This is very effective and very positive pattern. This pattern will come into effect if we get a daily closing above 19851 or thereabouts. The supports on the lower side for Nifty will be at 19712, 19600 and 19481. Resistances on the upper side are at 19851, 19891, 19942 and 20009.
NSE:NIFTYLong
by Happy_Candles_Investment
19831 proved as resistance as depicted yesterday. Read Yesterday's idea and look what was said about 19831. Look at the chart and see what 19831 did. Yesterday the resistance level was given 19831 look what happened today. Look at the specific area in the circle. That ladies and Gentlemen is power of Technical analysis. All the other resistance and support levels remain the same. As we could not cross the resistance today we might start negatively or very negatively and Nifty might stage a recovery later in the day or couple of days. 19690, 19663 or 19622 can prove to be important supports.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Looking Strong and rampaging ahead.Nifty is touch wood crossing resistance after resistance and rampaging ahead as if these resistances where mere matter of small hurdles to cross. The next major resistance for Nifty is just around the corner at 19831 which it might again try to cover by opening gap up tomorrow. If not gap up it will take some doing to cross 19831 and 19994. As they are strong resistances. Support for Spot Nifty on the lower side remain at 19722 and 19572.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty can bounce from Support. Nifty can bounce from Support if it can sustain above the levels of Friday high. That is 19799 tomorrow or in the coming week. In this case the resistances on the upper side will be 19921, 19991, 20038 and finally 20176. Supports for Nifty on the lower side remain at 19502 and 19208 on the daily chart. The momentum it gained on Friday should continue on Tuesday otherwise the Nifty will remain side ways for a few days. Crossing and closing above 19799 levels is crucial for fresh leg of rally to start in Nifty .
NSEIX:NIFTY1!Long
by Happy_Candles_Investment
Market is indecisive but bias seems to be positive to neutral.Market is indecisive but bias seems to be positive to neutral. If the support near 19483 will be broken the Nifty can further fall towards 19227, 18905 or 18531 levels. Resistances on the upper side for Nifty remain at 19795 and 20000. Nifty took a support on Friday at the trendline and bounced handsomely above 19600 which is a good sign. Now sustaining above the same will be the key for regaining 20,000+ levels. The chances for Nifty remaining side-ways are also there for the coming week.
NSE:NIFTY
by Happy_Candles_Investment
Mother Line 50 EMA gave a great support to Nifty today. 50 EMA which is the Mother line gave a perfect and much required support to Nifty today. Proving again our Mother, Father and Small child story. Now tomorrow and and Friday the Nifty has to close above it to continue the upward trend. Resistances that Nifty will face on the upper side remain at 19747, 19851 and 19991. Supports for Nifty on the lower side are 19560 (50 EMA/Mother Line) and 19224. We are still not out of woods if we do not get 1 or 2 confirmation candles.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Took Support At 50 Days EMA. (Positive Sign). Nifty Took Support At 50 Days EMA which is a Positive Sign. If the support is not broken in the remainder of the week, seeds of a fresh rally and end of weakness will be sown. For this to happen Nifty not breaking the 50 days EMA is very important. Resistances on the upper side will be at 19735, 19851 and 19991. Supports for Nifty at the lower level are at 19549, 19435 and 19224. Below 19224 the bears will overtake the market.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty took support at a very important level today. Nifty took support at a very important support zone. The level being at 19709 to 19694. 19709 was today's law. If the support zone is broken the next support levels are at 19538 and 19224. If 19224 is broken we may see bears take a total control. Major support after 19224 will be near 19050 and 18900 and finally 18638. (Very unlikely that we reach there). The resistances on the upper side are at 19848, 19991 and finally 20203.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty again at a brittle Trendline support. Nifty again is at a very brittle Trendline support. Today's low of 19878 to 19890 remains the most important support for Nifty as RSI on hourly chart shown Nifty as over sold. It is very important for Nifty to recover from here. If this support is broken the next important supports for Nifty at lower levels are at 19796, 19696 and 19554 to 19530. If 19530 is broken the next most important support level will be near 19263. Below this level there is a chance that bears will be in total control. Resistances on the upper side for Nifty are at 19990 and 20057.
NSE:NIFTY
by Happy_Candles_Investment