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Spotnifty

Nifty Moving NicelyNifty on hourly charts is looking pretty strong. Major hurdles for NIFTY are going to be 18136 which is a minor hurdle. Major hurdles are going to be 18184 and 18265. 18265 will be pretty tough to take down but once it is taken down the next resistances will be near 18346 and 18474. Supports that Nifty has on the down side are 18102 and 18059 (Strong support). Below 18059 Nifty can again go back to test the support near 17963 or 17762. Nifty has a chance here to pick up the much awaited pre-budget momentum
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty for this week 16th to 20th January 2023Nifty hovering around major support level. With good inflation numbers rolling out if we get a boost of good results from corporate world things can turn around in a positive way. If the numbers turn out to be at par, we will have range bound Nifty continuing to trade with volatility but on a negative side. If the results are negative, there is a scope of further consolidation and correction. Things are hanging in balance. Major Support and Resistance levels are as under: Support Levels: 17757, 17648 and 17503. Resistance Levels: 17974, 18113 and 18266.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Outlook For 9th to 13th January 2023. Nifty is looking very fragile and holding on to a major support right now which is near 17775. Mostly we should see turnaround for Nifty from this levels on Monday but in case this support is broken and we see this support broken, then we will see a freefall till the levels of 17668 and 17397. Below 17397 we have major support of 50 Weeks EMA which is near 17336. Breaking 17336 can further empower the bears who can rule the roost from then on have a further Iron grip of the market. The resistance on the upper side are at 18000, 18125 and 18251. A turnaround on Monday or Tuesday can bring things in balance otherwise investors will have a tough next week which can test their patience.
NSE:NIFTYLong
by Happy_Candles_Investment
Good Start to the New year by NIFTYMarket Outlook: NIFTY has formed a good positive candle on the first trading day of the New year and the positivity can continue if there is no negative global cue during the week. Overall Nifty on daily charts has formed a candle similar to ‘Bullish Harami’ pattern, indicating some positive bias in the investors. However, 18301 to 18389 zone is now a strong resistance as shown in the chart. Major Support Levels: 18084, 17993 and 17777. Major Resistance Levels: 18257, 18301, 18389 and finally 18473.
NSE:NIFTYLong
by Happy_Candles_Investment
Market Outlook: 26th Dec to 30th Dec 2022. How will the year endMarkets are facing a tough time with rising COVID cases in China, recession fears in US and Europe and detection of Omicron BF7 variant in India too. Markets in India tanked more out of fear than anything else. In the process an important Fibonacci support has been broken by NIFTY which is not a good sign. Now this Fibonacci level will work as a strong resistance. However there 17768 and 17422 to 17472 can also act as strong support zones. Important supports and resistances now for Nifty are as under. Important Supports: 17768, 17472 and 17422. Important Resistances: 17901, 18013, and 18442.
NSE:NIFTY
by Happy_Candles_Investment
As Panic Grips Dalal Street Fib Levels on Monthly Chart.Globally we are seeing a good uptick in the market since few days but panic selling in NIFTY has brought it crashing down near major support levels. On the monthly chart drawn here. We look at the major supports on a Fibonacci scale from where NIFTY can bounce back. Major Fibonacci Supports from Current levels are: 18013, 17472, 17036 and finally 15976. Below 15976 NIFTY can retest recent 2022 lows of 15813. Below 15813 we have the 50 months EMA which is near 14483. However in our opinion 18013 looks like a very very strong support. Let's hope that Nifty holds it. If the level holds we can see a bounce from there. If not bears can take firm control of the proceedings.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY and it's nearby Supports. Markets Plummeted after US Federal Reserves increased interest rates by 50 bps and further announced more tightening till inflation falls to 2% in US. More than 50 bps hike it was this Hawkish posture that led to meltdown in global indices. Although India looks like one of the brightest glowing stars globally both on Micro and Macro levels, we cannot totally alienate ourselves from global impact. There are multiple supports for Nifty in the nearby zone. We hope that Nifty will take support there. If not, we will see further bloodbath. Silver line to the cloud is that there are chances of Nifty finding support in the coming week. Important Supports : 18253, 18207 and 18128. (Consider 18128 major support closing below which Bears take total control). Important Resistances : 18363, 18389, 18446 and finally 18507. (Closing above 18507 Bulls will be back in action).
NSE:NIFTY
by Happy_Candles_Investment
NIFTY For Reminder of the week. Caution Please. Data Heavy week.NIFTY is facing stiff resistance near its new peak of 18887.6. Global cues are not supporting and Nifty is looking for support. It will be fair enough if Nifty comes down slightly searching for support. Outcome of Monetary policy meet started this week is expected around 7th December. We also have upcoming Assembly Election results which can defy Global cues and take the Nifty further to new highs if the results are supportive to the market. It can be a volatile few days and traders should remain cautious. Major Support Levels : 18591, 18370 and 18120. Major Resistance Levels : 18771, 18887 and finally the medium term target of 19135.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Outlook / Market Outlook 05th Dec to 9th Dec 2022Markets after making new high is looking for consolidation and support from where they can further launch ahead. US FED softening their stand on rate hike gave wings to global market but Jobs data from US and below expectation number of Indian GDP weakened the Bull run and turned the market negative. Another reason was profit booking by FIIs and other institutions. Important supports and resistance for Nifty at this stage are: Important Resistances: 18887 to 18904 and 19590. Important Supports: 18604, 18360, 17908 and finally 17673 (Major Medium Term Support).
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY Outlook 28th November to 2nd December 2022Markets globally are looking positive due to noises growing within US Fed for loosening of the hawkish grip and slowing down of the rate hike tantrum. Sensex already made a new high and Nifty has given its highest ever monthly close last month and highest ever weekly close this week. Things right now are looking good but last week of the month can bring in some volatility and Profit booking. Important Resistances : 18535, 18604 and finally 18984. Long Term target of Nifty 19536. Important Supports : 18450, 18340 and finally 18133. 17973 will be a major support from now.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Outlook 21st November to 25th November 2022Market Outlook : Market gave a good close on Friday after testing the support around 18029 levels. The close above 18300 is an indication of good strength. Mid-Cap and Small-Cap stocks are staring to looks oversold and might start to form bottom in a week or Two. Nifty has formed a perfect ‘Doji’ candle showing indecisiveness and can break out on either side. Nifty will be very bullish and go towards All time high above the levels of 18446. Nifty can also break down and search for more supports below 18205 levels. Important Resistances : 18446 and 18604. Important Supports : 18205 and 17969.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY in medium Term looking Solid. Market got a boost by the better than expected US Inflation numbers. Hoping that Federal Reserve US will either halt or milden their hawkish stance to control inflation Global markets have reacted positively. Indian market was no exception and rallied upwards. FIIs are also buying Indian equity again and Dollar index is getting weaker which can strengthen Indian Rupee. All these events can lead the market further up in the coming weeks. Long Term Target for NIFTY now is 19534. Important Resistances: 18351 and 18604. Important Supports: 18099 and 17872 .
NSE:NIFTYLong
by Happy_Candles_Investment
Market Outlook For the Next Week 17th to 21st Oct 2022NIFTY is swinging wildly on global cues. Inflation, fear of recession and Ukraine Conflict news surrounding the same is making the fluctuation in indices more and more unpredictable. The indices may have similar fluctuations for some more time before the dust settles and things are more clear at Macro level. IMF has decreased the GDP forecast of India fractionally but India still remains at the epicenter of global growth. Nifty was not able to sustain above 200 EMA daily on Friday after setting the circuits on fire which was not a very good news and we may begin the week with some weakness. If we are able to find good support at some point in time the Spot Nifty can rise again otherwise weakness might continue later into the week. Major Resistances : 17244 (Major Resistance 200 days EMA), 17354 and finally 17439. Nifty will be Bullish to a certain extent above 17438) Major Supports : 17081, 16907 (50 days EMA – Important Support) and finally 16755. (Below 16755 there will be lot of weakness and Nifty will slip in the hands of bears).
NSE:NIFTY
by Happy_Candles_Investment
Tuesday Market Outlook / Nifty Outlook For Reminder of the weekNifty is trying to break free from the bear grip on the basis of Global rebound seen around the indices across the globe. Real bullish break out in true sense will be when Nifty is able to break out and sustain above 17435 on weekly closing basis. Support for spot Nifty will be at 17026, 16888, 16749 and finally 16461. Resistance for spot Nifty on the upper side will be at 17270, 17435, 17646 and finally 17910.
NSE:NIFTYLong
by Happy_Candles_Investment
Negative Surprise in US Inflation data killed the Bull rallyGlobal sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances. It will be interesting to see where Nifty finds support and from where it turns around.
NSE:NIFTY
by Happy_Candles_Investment
Nifty in strong position to gain further.NIFTY has started the week on solid footing and current global positivity can help nifty scale new heights. For gaining further ground tomorrow Nifty will have to close the day above 18000 levels. Failing to do so we can see little bit of consolidation too. Support and resistance levels are as under: Supports for Nifty: 17800, 17659, 17424 and finally 17204 (in very unlikely circumstances). Resistances for Nifty: 17996, 18100, 18365 and finally ATH 18606.
NSE:NIFTYLong
by Happy_Candles_Investment
Make or Break Tuesday Coming Up.Spot Nifty is just under Double Trend line resistance of 17700. Closing above 17700 will open the wide possibilities of Nifty strolling 18K and regaining the level with confidence. As the resistance is very strong and we are currently at 17665.80 a great thing to happen will be getting an gap up opening above the resistance and sustaining it. If it is not gap up opening and we move with confidence defeating the level it will be even better. Also note that 17590 is a strong 50 hours EMA support. Resistance levels: 17782, 17844, 17989 and finally 18105. Support levels: 17590, 17425 and 17338. Below 17338 Bears can fight back and drag the index to lowers 17K or even below it to 16.9 or 16.5K levels.
NSE:NIFTYLong
by Happy_Candles_Investment
17166 proved to be good support in weathering Powell storm17166 proved to be good support in weathering Powell storm. After taking a support at this range we have seen a bounce in Nifty which is nearing it's critical 50 hours EMA resistance. It can also be seen in the chart that this zone is mid channel resistance for the channel ini which Nifty is travelling from around 10th of june. Immediate Supports and resistances are: Supports of Nifty : 17495, 17392 and 17259, 17166 and 17026. Final support should be considered at 16950. Bear Grip of Nifty can strengthen below : 16723. Resistances of Nifty : 17548, 17589 and 17736.
NSE:NIFTYLong
by Happy_Candles_Investment