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Nifty | Weekly Pre-Market Report | 16 Dec ~ 20 Dec '24Nifty previous weeks candle has closed positively with the formation of a Bullish Pin bar. The last trading session Daily candle closed again in a very Bullish manner signalling that Bulls have taken control in the immediate term. As I mentioned in my last update on Friday, I have taken Long position overnight and am expecting Nifty to head towards 24,200 in this weeks expiry. In case of flat opening or gap down opening, Nifty will continue to be in Buyers territory as long as 24,375 holds. In case of a big gap up, I would advise taking fresh long position as 24,180 - 24,250 can be a strong resistance zone. Those carrying overnight positions can book profits and exit around those levels and avoid being overly greedy!
NSE:NIFTYLong
by Sky_Tracer
Dollar back to levels of 107.969 since 2022!!!Admittedly, last weeks prediction of the dollar for me was that I expected it to finally push down, However price action then clearly showed me otherwise by showing its clear intent to move further to the upside and refusal to break structure to the downside which I had tried to anticipate . Although price hasn't taken the last significant high that created the 1h supply we have seen CHOCH and BOS to the upside on the 1H time frame suggesting that price wants to push up further. This is validated by the pairs against the dollar wanting to push down and the fact that there is not only liquidity in the form of Asian highs but a large weekly imbalance and weekly supply zone where I predict price will push up to before finally returning to it's usual bearish trend. I can expect price to react from the 13min order block after the new Monday ASL is taken. If not we may see price pushing lower slightly simply in order to grab liquidity and find the correct zone to react from, potentially the 3H HTF demand I have marked out in order to push up. This also aligns with my pairs against the dollar that will push up and then come down.
TVC:DXYLong
by JamelCapital
NIFTY50.....Wave b done, or a double waves 1 and 2 underway?Hello Traders, The NIFFT50 made a low on the 21st of November at 23262! Since then it has been moving within a "three-up" or double wave 1 and 2! In the first case, the next move should be to the downside, developing a wave c/y to lows below 23263 for the next 2-3 weeks. A good indication of such a move is a break of 23873. A possible price range for such a move is at or around the 213xx area, close to the June lows. More bearish potential! If a double wave 1 and 2 is underway, then the price targets will be higher, probably to the new ATH`s. A first indication of such a scenario would be if the N50 breaks above the resistance at 24851 and if it breaks above the 0.618 Fibonacci @ 25082 on a daily close with strong bullish volume! A break above the 25600 area (0.786 Fibonacci) will reduce the chance of what I call a "sucker wave". A possible "B-wave"! In fact, a flat pattern is always possible, `because we are probably moving within a corrective wave and the move to the upside on a weekly basis does not give fingertips for an important high in place! Anyway! On Friday, we saw a "Kumo breakout", which is actually a buy signal according to the Ichimoku technique! But always be prepared for a retest of the breakout in the 24500-24400 area. That's all for today. Have a great week..... Ruebennase Please ask or comment as appropriate. Trade on this analysis at your own risk.
NSE:NIFTY
by ruebennase
Major crash imminent?Is there a coming market crash? Technically it looks that way. In the past 130 years, price on the Dow has never been above the upper trendline, except twice, and the first time it happened, it happened just before the major crash in 1929 that set off the Great Depression. The second time is NOW. It's happening right now . Also, every time price gets close to the upper trendline, it falls back down (2000, 2008, covid, and in June this year, it fell by 20%.) Right now, the DOW is at 45000. If one looks at the long term trend line, a healthy price level right now should be around 18000...a hefty 60% drop.
TVC:DJILong
by rayzor1979
1
BankNIfty // Trading Psychological Analysis of BankNiftywww.tradingview.com We have seen a dramatic dance of BankNIfty in past few day. Here is the postmortem of the Daily price movement in past 2 weeks on Daily time frame. Based on the chart of **Nifty Bank Index** on the **daily time frame**, here is a breakdown of the trader psychology and price action visible: --- ### ** 1. Recent Price Action Context ** - **Uptrend before consolidation**: - The chart shows an initial bullish momentum marked by **strong green candles** that signify buyers are in control, pushing prices upward. - **Consolidation period**: - After the strong upward move, you observe a few small-bodied candles (doji and neutral-type) at the top. These candles indicate **indecision** in the market or a **pause** in momentum as buyers and sellers wrestle for control. - **Large wick and recovery**: - A significant candle shows a **large lower wick** where price fell drastically but closed near its opening price. This reflects: - **Strong buying interest** after a sharp dip. - Sellers initially pushed the price lower, but buyers stepped in, absorbing the selling pressure and driving the price back up. - This could signify the presence of **demand** at lower levels. --- ### ** 2. Trader Psychology ** - **Strong buyers early on**: - The rally at the start of the chart reflects **bullish sentiment**, as traders jumped in with confidence, likely due to positive news or market sentiment. - **Indecision phase**: - The small-bodied candles (e.g., doji) represent a point of hesitation: - Bulls may be taking profits after the strong rally. - Bears attempt to sell but struggle to push prices lower. - **Large wick psychology**: - A large lower wick indicates that: - Sellers tried to break support but failed to sustain the move. - This failure emboldens buyers to step in, creating a sharp **reversal or rejection of lower levels**. - Many traders see this as a **bullish signal**, as it suggests buyers are still active and defending the price zone. --- ### ** 3. Key Observations from Price Action ** - **Support Zone**: - The large wick indicates the area around the wick's low is a **potential support zone**. Buyers defended that level aggressively, and traders will watch it closely for future moves. - **Bullish recovery**: - The strong close of the most recent candle suggests bullish sentiment may be returning. It shows that buyers absorbed the selling pressure and pushed prices back up. - **Volume**: - The high volume (139.91M) supports the validity of the price action. High volume on a bullish recovery suggests significant participation from buyers. --- ### ** 4. What to Watch for Next ** 1. **Breakout vs. Reversal**: - If prices break above the recent consolidation range, expect a continuation of the uptrend. - Conversely, failure to break higher could lead to further consolidation or a potential reversal. 2. **Support Retest**: - Monitor if prices revisit the large-wick low (support). Holding this level could confirm strong demand, while a breakdown might shift the sentiment to bearish. 3. **Volume Confirmation**: - Continued bullish price action with strong volume would confirm buyer strength. --- ### ** Conclusion ** The chart reflects **buyer dominance** after a brief period of indecision and a strong rejection of lower prices. Traders appear to see value at lower levels, and sentiment leans bullish unless prices break below the recent support. Watch for a breakout or retest of the key levels for confirmation of the next directional move. Always feel free to like and comment here. We would love to hear you and respond. Best Wishes, Team StoxWare
NSE:BANKNIFTYLong
by Stox_Ware
#nifty50 - 16th DECEMBERNSE:NIFTY Nifty 50 Chart Analysis - Key Insights & Trading Plan Key Observations: Support and Resistance Levels: Support: 24,497 | 24,586.95 | 24,662.40 Resistance: 24,783.85 | 24,837.90 | 24,891.90 Price Movement: The price witnessed a downtrend followed by a strong recovery. A sharp upward movement has brought the price near 24,783.85, a significant resistance level. Current Position: The price is hesitating near the 24,783.85 resistance level, signaling a critical decision point. Trading Plan: Bullish Scenario: Breakout Above 24,783.85: Target: 24,837.90 → 24,891.90. Stop-Loss: Below 24,750. Bearish Scenario: Rejection at 24,783.85: Target: Support levels at 24,662.40 → 24,586.95. Stop-Loss: Above 24,800. Consolidation Strategy: Range-Bound Movement between 24,662.40 (support) and 24,783.85 (resistance): Buy near support, Sell near resistance. Summary: Breakout → Go long (buy). Rejection → Look for short opportunities. Watch for volume confirmation during breakouts or rejections to confirm strength. im not SEBI register.
NSE:NIFTY
by thetradeforecast
nse auto movement on mondayThe NSE Auto Index (NIFTY Auto) is currently showing some interesting movements. As of the latest data, it appears that the index is in a slight downtrend1. The index is trading below an important level of 23,543.16, and if it remains below this level, it might continue to show a downward movement in the short term. However, predicting exact movements can be tricky as they depend on various factors including market sentiment, economic indicators, and company-specific news. It's always good to keep an eye on the latest developments and perhaps consult with a financial advisor before making any decisions. Would you like to know more about how to analyze such trends or any other specific information?
NSE:CNXAUTO
by comprehensiveS68604
US30 POSSIBLE SET UPUS30 has posted ATH post elections & post FOMC closing the weekly daily candle above the previous week and day which confirms that Market is strong bullish where we should be looking for buying only US30 has posted all time high at 44137 and low of the week was at 41642 with 50% level at 43216 which can act as valid buy zone if we look at lower time frame institutional order flow is at 43300 to 43470 probability of tapping this zone is possible which can act as buy zone targeting 1:3 we have inducement at 43651 which will act as SSL level in coming week. Fundamentally United Health Groups earning report is due on 15 Nov which will act as catalyst in move of US30. Manage your risk Note: Only for educational purpose not an investment advise.
BLACKBULL:US30
by Awii_Khan
Nifty Short, Medium & Long Term : 16-Dec-24 to 20-Dec-24Nifty Short, Medium & Long Term : 16-Dec-24 to 20-Dec-24 Nifty closed at 24677 (last week 4276) , for last 30-40 days nifty was in sideways movement. last week on the last day market touched 24200 and bounced back to 24677 . RSI at 60.37 ,Macd signal is more than MACD and in positive for last 2 weeks (after 2 months). But stochastics levels is sustaining above 90%, overbought position for the last 3 weeks. Buy call on dips was given last week. Market bounced back in the last day and near to key resistances. FII started buying, in positive for Dec month, however not full fledge buying, hence please filter the stock, diversify investment in equities with lesser risk stocks. However, SIP on stocks/ MFs always better at this critical time. Maharashtra election win and US acquittal of Adani in bribe crime is a positive news and definitely helped Indian market to sustain above 24000. Outgoing RBI governor didnt change the interest rate. Interest Rate reduction and Feb Budget is the key for the market to move above 26000 to next targets of 27000. I started adding the stocks and Mutual Funds during this downfall for the last two weeks and continue to buy if there is further fall. Use the opportunity and grab the good value stocks or invest in Mutual funds. Assume each parcel can be 5-7 % parcel of your total investment planned in the near term. Kindly read the Bitcoin Blog which i have written in Sep & Oct 24 with clear Indications to Buy with target of atleast 77000 and it touched 100,000 as Trump won the US Presidential election . Caution was emphasized on Nifty for last 4 months as nifty PE (Currently in22.8) was in high level with high valuation especially in Mid cap & Small Cap. PE touched 21.5 and bounced back. Mutual Funds SIP shall be invested as the goal is for more than 5-10 years at this critical period , further market correction can happen upto nifty index to 22800 from current level, Individual value stock picking is a key at this critical time. Fundamentally good stocks to be invested at these times. My Stock analysis of diwali recommendation from major financial agencies/ analyst and also some of the stock which is good as per my analysis will be provided upon request in comment section . Individual need to analyse on their own. Further additional fundamental good value stocks ( which i have analysed ) . Please note these are all not stock recommendation, rather an analysis. Individual Can analyse and add to your portfolio based on your risk profile. Nifty 24768 (PrevWeek 24677 ) Short term Nifty short term resistance at 24800 0.5 Fib Resistance, once crossed 25122 (0.618 Fib Resistance) and 25350( Shoulder Pattern) is the next target. Support at 24329, and 24199( Last week Low) and 24000 Medium Term next target is , if move up decisively above 25350, next target is 26268 ( all time high)and 26968 (1.618 Fib Resistance) Medium term Support 23265 ( Nov low),23000 and 22800 Long Term : Nifty have a target of 27740, 28000 & 28190 ( Fibonacci Resistance). Support at 21240
NSE:NIFTY
by karthikss
Nifty Breakout Confirmation- Ready to hit 25,647 !!Nifty 50: Outlook for next week and feb-25 After analyzing the index’s movement from August to December 2024, Nifty 50 has exhibited two key patterns: 1. Head & Shoulders: • Rally from 24,887 to ATH 26,277 (Sep 9–26). • Breakdown after completing the right shoulder on Oct 21, leading to a 1,500-point fall to 23,291 on Nov 22. 2. Inverse Head & Shoulders: • Formation began on Oct 23, with the head completed on Nov 21 and a neckline formed by Nov 26. • On Dec 4, the right shoulder completed, followed by a breakout above 24,463. The index consolidated for a week between Dec 4–13, strengthening the breakout signal. Outlook With strong confirmation of a bullish reversal above last week close, supported by FIIs inflows and favorable macroeconomic data (CPI/IIP), It is highly likely that Nifty 50 is likely to hit 25,647 by December 23, 2024. If the breakout doesn’t happen then we can see a consolidation and retest on last week levels failing which will lead to a breakdown which can push Nifty to 23,000 levels by Februrary 2025 Disclaimer: I am not SEBI-registered. This analysis is for educational and study purposes only. Any trade taken based on this view is solely at your own risk and is not a recommendation.
NSE:NIFTYLong
by chandakpulkit
Nifty Trading Strategy for 15th December 2024Nifty Trading Strategy Key Levels: Buy Above: The high of the 5-minute candle which closes above 24,940 Sell Below: The low of the 5-minute candle which closes below 24,600 Risk Strategies: Risk Strategy 1: If the market opens with a gap up around 24,820-24,840, wait for the first 5-minute candle to close. Enter a buy position above the high of the first 5-minute candle. Enter a sell position below the low of the first 5-minute candle. Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions. Risk Strategy 2: If the market opens with a gap up around 24,920-24,950, wait for the first 5-minute candle to close. Enter a buy position above the high of the first 5-minute candle. Enter a sell position below the low of the first 5-minute candle. Stop-Loss: Use a stop-loss of 30 points for both buy and sell positions. Additional Tips: Monitoring: Continuously monitor the 5-minute chart for clear buy or sell signals. Risk Management: Always use a stop-loss to manage risk and protect your capital. Market Conditions: Stay updated on market news and events that could impact Nifty. Disclaimer: I am not SEBI registered. This analysis is for informational and educational purposes only. Please consult with a certified financial advisor before making any trading decisions.
NSE:NIFTY
by ramkkyy
U.S. Dollar IndexHello dear traders, In the past week, we witnessed the release of numerous economic news that had significant impacts on the market. These reports, especially concerning the U.S. economy, greatly influenced the price trends of the U.S. dollar (DXY) and other currencies. Analysis of Economic News from Last Week Various reputable economic organizations published reports including employment data, unemployment rates, and changes in Gross Domestic Product (GDP). Notably, the non-farm payroll (NFP) report, which was expected to indicate an increase in new jobs, turned out to be below expectations. This created heightened concerns about the strength and stability of the U.S. economy, which in turn pressured the dollar. Additionally, the announcement of high inflation rates and interest rates had compounded effects on market trends. While an increase in interest rates was anticipated, the negative news regarding economic growth raised concerns that future Federal Reserve meetings might be affected. Consequently, these combined factors led traders to adopt a cautious outlook on the market, resulting in price declines in the currency markets. Technical Impacts on the Market From a technical perspective, the U.S. dollar (DXY) chart has been showing bearish signals, and as previously mentioned, we expect a downward correction in the coming weeks. Price trends in the DXY align well with the recent economic news, as the breakdown of key support levels, such as 107.243 , and the formation of bearish patterns indicate weakness in this currency against others. Given the technical analysis, we can point out that if the downward trend in DXY continues, the charts of the euro (EUR), British pound (GBP), Australian dollar (AUD), and New Zealand dollar (NZD) will offer suitable buying opportunities. Particularly if corrections in DXY persist, we can expect further appreciation in these currencies. Conclusion Considering the detailed analysis of economic news and the technical conditions, it is recommended to keep in mind that rapid and significant changes in the market may occur following new announcements. With careful attention and appropriate risk management, you can take advantage of the upcoming opportunities. Thank you for your support and trust, and I hope the insights provided are beneficial for you. Fereydoon Bahrami "A retail trader in the Wall Street trading center (Forex)." Wishing you success!
TVC:DXYShort
by fereydoon1199
24-12-13 DAX 20405 EUR - Crash worlwide ahead!Maybe DAX will reach 21000 in the next 2 months, even SPX could rise up to 6400 USD, but one is for sure. Such a great disbalance in 40 years is incredible. Rising US Treasury yields up from o% to 4.5% and CPI by 2.7% with riskless 1,7% is wonderfull, but normaly not for the stock market. Every time, Fed rose the yields more than 2% within 12 months, stock market struggled. But here a now, yields up from 0% to 4.5% within a year… and what does the stock market ?
XETR:DAXShort
by Flyerdan
3