"LONG" NIFTY 50 is approaching The "Accumulation Zone" (LTCIG)1. Key observation
Accumulation Zone 🟢
The chart identifies a critical "Accumulation Zone" between 22,600–22,800, highlighted in green.
This area serves as a strong support zone where buyers may step in, halting the current downtrend.
Significance: If NIFTY consolidates here, it could build momentum for a powerful reversal and potentially new all-time highs. 🚀
2. Notes on NIFTY Movement ✍️
"NOTE: NIFTY HAVE TO COME IN THIS ZONE FOR FLY UPWARD NEW HIGH" 🛫
This means for NIFTY to reach new heights, it must revisit and hold this accumulation zone.
Watch for bullish patterns like hammer candlesticks or breakouts in this region to confirm upward movement. 🔥
3. Best Price Range for Investments 💰
"BEST PRICE RANGE TO DO A LONG-TERM INVESTMENT" 🏦
Investors can find opportunities in this zone, with stocks available at significant discounts (40–60% off).
A perfect time for those planning long-term gains as the zone may represent undervaluation. 📈
4. Technical Indicators 🔍
RSI (Relative Strength Index):
Positioned near the oversold zone, indicating the downtrend is losing momentum and reversal is likely. ⚡
MACD (Moving Average Convergence Divergence):
The histogram shows weakening bearish momentum, further supporting the case for a reversal. 🔄
5. Resistance and Breakout Levels 🟡
If NIFTY holds the accumulation zone, key resistance levels to watch:
23,300 and 23,700.
Breaking these could pave the way for new all-time highs! 🌟
6. What to Watch For 👀
Volume Confirmation:
A spike in buying volume around this zone will validate accumulation and signal strong upward momentum.
Price Action:
Look for bullish candlestick patterns like hammers, engulfing, or inside bars.
Conclusion 🏁
NOTE↣ NIFTY 50 is approaching a pivotal moment. The "Accumulation Zone" offers an opportunity for traders and investors alike. 📉➡️📈
If this zone holds, expect a potential reversal with NIFTY aiming for new highs. 🚀🔥
Keep an eye on price action, volume, and RSI to confirm the trend! Happy Trading! 💹
🔴Disclaimer:
I am not a SEBI-registered advisor. This analysis and the suggested levels are for educational purposes only.Investments and securities are subject to market risk. Please carefully assess your risk tolerance before making any decisions.
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NIFTY trade ideas
Closing above Mother line & Pitchfork median line unsuccessful.Nifty tried hard to close above Mother line of 50 Weeks EMA and Pitchfork median line this week but was unsuccessful. Closing above 23433 is imperial for Nifty to gain a bullish momentum. Pitchfork is used to determine the long term trend of Nifty. In this particular chart the Pitchfork starts from 2021 and extends till 2026 end. The upper side has lot of potential as you can see the top is leading towards 32.5K+. Even the Median line is leading towards the target close to 29K. Supports for Nifty in the medium term because of the current bearish trend are at 22.8K, 21.8K, 21.2K, 20.2K and finally 200 Weeks EMA or the Father line at 19.5K.(This looks improbable as of now on chart as these levels are even below the pitchfork trend channel.)
Usually the tops and bottoms of Pitchfork channel are not easy to break hence the worst case scenario as of now looks like 20.2K. Looking at the bigger picture IMF has declared a robust outlook for India for the next 3 years with GDP growing at an average of 6.63% for the next 3 years. (2025-6.5%, 2026-6.7% and 6.7%). However actual GDP growth can be much higher if the Government remains stable for a sustained period of time. The IMF estimates should be taken with a pinch of salt.
Long term investors can utilise every fall to add some blue chips. Remain selective in Mid and Small cap space as the PE in some of the Mid and small cap companies are still at unsustainable levels even after this fall. For Bulls to be back in business we need a weekly closing above Pitchfork median and Mother line at 23433. Weekly Closing above 23433 would have potential to take us near 24.5K or even above 25.5K levels in the short to medium term. Closing below 22.8K can bring little more wait and pain for investors. Good effort by Nifty this week but closing was not good. We need a strong move next week for Bulls to be back to business.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NIFTY50 @ 200 Day SMAToday we are plotting the US Dollar Index vs NIFTY50 (the top 50 Market Cap stock from India). India was one of the favourite in 2023 and 2024 has fallen out of favour. As the Dollar index is making new highs, NIFTY50 is making 20-Day, 50-Day, 100-Day and 200-Day Simple moving average . But 200-Day SMA has acted as a support and the index has jumped up form those price points. Will this time it will be different ? The Dollar index is going from a risk reversal and heading downwards. So this can be a tailwind for NIFTY50.
Nifty Getting Ready for WAVE 4 in WAVE C PatternHow's the Josh Traders ?
I Hope you have enjoyed My Analysis On Nifty, Reliance, SBIN, ICICI bank, HDFC Bank and Made lot of Money.
Lets analize Nifty again,
As you can Clearly See Nifty is in ABC Pattern and Current Ongoing Wave is WAVE C.
Its an ZIGZAG Correction pattern ( 5-3-5 pattern ).
SO Wave 3 is completed and market is moving towards Wave 4 of WAVE C as you can clearly see in Chart which I Have drawn .
So HERE IS THE TRADE.
BUY NIFTY @ MARKET PRICE
SL @ 23000
TARGET 23600/23730
NOTE : THIS IS FOR EDUCATIONL PURPOSE, TRADE ACCORDING TO YOUR FINANCIAL ADVISOR.
HAVE A GOOD DAY TRADERS.
Nifty Trade SetupHello,
Trend-Based Analysis. Buy the Dips, Sell The Rallies, Also Following the Trend. Let's see where the Price Action takes us, Riding the wave. Potential trade setups based on trend momentum.
Technical analysis based on trend identification and momentum, Looking for high-probability setups within the prevailing trend.
Analyzing the current market trend and potential future price movement. Focusing on risk management and reward-to-risk ratios.
Details is Mentioned in Chart, Read carefully.. .
#NIFTY Intraday Support and Resistance Levels - 17/01/2025Flat opening expected in nifty. After opening it will face resistance zone at 23350-23400 level. Any strong bullish rally only expected above the 23400 level breakout. Downside 23150 act as a support for today's session. Any reversal downside rally can be goes upto this support level in today's session.
NIFTY heading towards 22800 levels..??As we can see despite the strong opening, NIFTY failed to sustain itself at higher levels and had been negative to sideways throughout the day. Following the structure, we can expect NIFTY to test its important demand zone around 22800 levels hence we can expect more of bearishness or sluggishness in the market before finally reversing so plan your trades accordingly and keep watching.
NIFTY TECHNICAL ANALYSIS For Investment P.O.VJust using zigzag drawing, tried to predict nifty downside possibility. So, we have to be careful about investment and trading strategy. A good buy is half profit done, so let's wait and look for investment according to market sentiment. Market may reverse, we have to update our strategy accordingly. So, practice more zigzag it may save your money and wish you all a big profit ahead.
Good Leap by Nifty today in anticipation of RIL/INFY results. Good Leap by Nifty today in anticipation of RIL/INFY results and closed 98 points up at 23311. Real test is the level of between 23377 (Mother Line) and 23398 (Important Resistance).
This includes today's high and Mother line resistance and another important resistance. After closing above this zone the next resistances will be at 23469, 23598, 23736 and finally 23770 (Father Line resistance of Hourly chart.)
Supports for Nifty on the lower side now remain at 23267, 23147 and 23053. If we get a poor result for Reliance these levels will be tested once again and there will be pressure on Bulls and Bears will again try to overpower Nifty. The tussle has reached a delicate stage now and thing can give. (Either a Breakout of Breakdown).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision.
NIFTY 50 Nifty may test the level of EMA 100 Levels 21923
In the past, The actual buying begins from 21300-21250, However, if the market continues to sell, then it is likely to test, bcz of the volatility Zone.
secondly, the market break the support level 21500. It could touch the given levels.
Period - 3 Months
#NIFTY Intraday Support and Resistance Levels - 16/01/2025Gap up opening expected in nifty. Expected opening near 23400 level. 23350-23400 will act as a strong resistance for today's session. Strong upside rally only expected if nifty starts trading above 23400 level. This rally can goes upto 23600+ level in today's session. Downside expected below 23350 level. This downside can goes upto 23050 level.
Strong GAP UP but will it sustain? Following the global cues, we can expect NIFTY to open strong as the bank quarterly results has been good but only way to find out if it sustains or not! As if it sustains then we may see new Trend REVERSAL else it will lead to more volatility with new gaps that will be pending to filled so plan your trades accordingly and keep watching
NIFTY S/R for 16/1/25Support and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) :
Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum.
Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Nifty Review & Analysis - DailyPrice Action :
Nifty saw traded whole day in range of 150 points like previous day. Can saw side ways or consolidation. Take away is closed in positive.
Technicals:
Nifty traded whole day in a narrow band of 150 points with volumes less than average. The index formed a doji ( meaning indecisiveness )trading below the 10, 20, 50, and 200-day EMAs. The momentum indicators, RSI (Relative Strength Index at 36), and MACD (Moving Average Convergence Divergence) remains below the zero line, indicating weakness still persists.
Support/Resistance
Major Support 23000
Immediate Support 23150
Immediate Resistance 23300
Major Resistance 23450
Trend:
Nifty in sideways to bearish
Options Data:
Weekly Options data suggests huge Call build up at 23300 levels suggesting major Resistance
22200 levels saw little Put Writing suggesting small Support.
PCR improved to 0.8
Futures Data:
FII Long/Short ratio came down to 17%
Nifty Futures saw little increase with small increase in Open Interest suggesting Long addition
Outlook for Next Session:
Nifty might consolidate while stocks perform based on results.
Approch:
No Trade till 23350 or 23100 convinsingly taken out.
Wait for today’s Low or High to break for further direction
My Trades & Positions:
no positions
23K has emerged as a good support zone for Nifty. As of now the 2 day's positive closing has given hopes of 23K levels being a good support zone. However there are 4 major hurdles in the path of Nifty before it can move ahead with full force. Reliance result tomorrow can be of some help to Nifty if at all it is positive. On the other hand if Reliance result is negative it can be a major hurdle looking at the weightage of the script in the index. US Inflation data to be announced later tonight can also give a direction to the markets all over. FII selling pressure can diminish if Dollar falls and Rupee starts making a steady gain. After making a high of 86.69 2 days back USD is currently at 86.34 declining a bit which has increased optimism in the mood of market. Market Mood index is at 33.25 and has recovered from Extreme fear zone and has entered the fear zone.
Supports for Nifty remain at: 23053, 22663 and 22376 levels. Below 22376 Bears can drag Nifty further down by another 400 to 1000 points.
Resistances for Nifty remain at: 23283, 23397 (Mother line resistance), 23598, 23803 (Father line resistance), 24198 and finally 24802 levels. Bulls can be back in the game truly after closing above 24802 level only.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. I or my clients might have positions in the stocks that we mention in our posts. We will not be responsible for any Profit or loss that may occur due to any financial decision
ShortI am currently reassessing my targets for the Nifty. If the level of 23,080 is breached and the index closes below this support, I will adjust my target to around 20,200, as this would indicate a more significant market correction is underway.
This level aligns with the 50% Fibonacci retracement of the recent rally, which further strengthens the case for this correction. In my view, this level is not only plausible but inevitable, given the current market dynamics.
The broader market is signaling a potential major top, which suggests that the risk of further downside is increasing. In this environment, simply averaging into the market can be highly risky, as it may expose investors to larger losses if the market continues to decline.
Instead, I recommend adopting a more strategic approach to portfolio construction, focusing on calculated risks. This means selectively building positions based on strong, risk-adjusted opportunities rather than committing large capital indiscriminately. It’s essential to have a clear risk management plan in place, especially in volatile conditions like the current market environment.