ssudhirsharma11

ssudhirsharma11 Apr 19

In a strong move, Nifty 50 surged by 1000 points to close at 23,851, compared to last week’s close. The index made a weekly high of 23,872 and a low of 23,207. As highlighted in last week's analysis, a breakout above 23,400 could push Nifty toward 23,900 — a target it missed by just 23 points. However, an intriguing divergence has emerged between Nifty and Bank...

ssudhirsharma11 Apr 13

The Indian stock market closed the week on an interesting note. The Nifty 50 index ended at 22,828, just 70 points lower than last week's close, after forming a significant bullish reversal from a low of 21,743 to a high of 22,923. As we mentioned in last week's market outlook, a base formation was underway—and this week's price action confirmed it. With the next...

ssudhirsharma11 Apr 5

Nifty ended the week at 22,904, marking a significant decline of 600 points from the previous week’s close. The index reached a high of 23,565 and a low of 22,857. As anticipated, the dragonfly doji formation from last week, coupled with concerns over Trump’s new tariff measures taking effect from April 2nd, contributed to global market jitters. These factors...

ssudhirsharma11 Mar 29

The #Nifty50 closed at 23,519, marking a 170-point rise from last week's close, after hitting a high of 23,869 and a low of 23,412. As anticipated last week, once Nifty managed to sustain above the crucial 23,300 level, it surged to a high of 23,869, before retracing to close at 23,519. However, this week’s market candle formed a Dragonfly Doji, indicating that...

ssudhirsharma11 Mar 22

This week, Nifty surged to 23,350, an impressive 950-point rally from last week’s close. The index hit a high of 23,402 and a low of 22,353. As I highlighted last week, I expected Nifty to trade within a narrow range of 22,850 – 21,950. However, Nifty broke out of this range, shattering the upper limit, and the resulting short covering led to a strong bullish...

ssudhirsharma11 Mar 14

Nifty ended the week at 22,397, marking a decline of about 150 points from the previous week's close. The index reached a high of 22,676 and a low of 22,314, trading in a narrow range of just 360 points. This suggests that next week, Nifty could experience a wider range, with potential moves between 22,850 and 21,950 . Despite the weakness seen on both the...

ssudhirsharma11 Mar 9

Nifty closed at 22,552, up by around 330 points from last week's close, hitting a high of 22,633 and a low of 21,964. As anticipated last week, the index found support at the 100-day WEMA around the 22,000 level, triggering a bounce. Looking ahead, next week is crucial, as the market is at a crossroads. While the monthly and weekly timeframes continue to show...

ssudhirsharma11 Mar 2

Nifty ended the week at 22,124, down 670 points from the previous week's close, with a high of 22,668 and a low of 22,104. As I highlighted last week, the formation of a gravestone doji was a bearish signal, indicating the market was under the influence of selling pressure—and we’ve now witnessed the impact of that pattern. Currently, Nifty is testing the critical...

ssudhirsharma11 Feb 22

The Nifty closed at 22,795 this week, down by 134 points from the previous week’s close, with a high of 23,049 and a low of 22,720. The formation of a Gravestone Doji candle indicates that the market is firmly under the control of the bears, signaling potential weakness ahead. As forecasted last week, Nifty moved within the range of 23,450 to 22,400, aligning...

ssudhirsharma11 Feb 16

Nifty closed at 22,929 this week, marking a decline of 630 points from the previous week's close. The index reached a high of 23,568 and a low of 22,774. As highlighted in my previous post, the bearish sentiment in Nifty remains intact, as both the monthly and weekly timeframes show negative trends. Until there is a significant reversal on these timeframes, the...

ssudhirsharma11 Feb 9

#Nifty50 wrapped up the week at 23,560, marking a 80-point increase from the previous week's close. It reached a high of 23,807 and a low of 23,222. As predicted last week, Nifty traded within the range of 24,000-22,950, and looking ahead, I anticipate the index will continue moving within the range of 24,000-23,050 next week. Currently, the monthly and weekly...

ssudhirsharma11 Feb 2

The Nifty ended the week at 23,482, up nearly 400 points from last Friday’s close, with a high of 23,632 and a low of 22,786. With Saturday's budget announcement and tax break news, all eyes will be on Monday, which could be a game-changer. The new tax slabs will bring relief to many in the middle class, but institutional investors are carefully assessing its...

ssudhirsharma11 Jan 19

This week, Nifty closed at 23,203, down by 228 points from the previous week's close. It touched a high of 23,391 and a low of 23,047, reflecting a volatile yet cautious market sentiment. The candlestick pattern for the week is indicative of weak market sentiment, signaling growing bearish pressure. As highlighted last week, the market saw a bounce used by...

ssudhirsharma11 Jan 12

The Nifty Index experienced a sharp decline this week, closing at 23,431, a significant 570 points below the previous week's close. While the index reached a high of 24,089, it ultimately succumbed to selling pressure, finding support at 23,344. As forecasted, the Nifty traded within the predicted range of 24,500 to 23,300. For the upcoming week, I anticipate the...

ssudhirsharma11 Jan 5

The Nifty Index this week staged a rally, closing at 24,004, a 200-point surge from the previous week. This bullish move, driven by a classic "W" pattern as predicted, saw highs of 24,226 and lows of 23,460. However, profit-taking by large players triggered a decline, confining the index within my anticipated range of 24,300-23,400. For the upcoming week, I...

ssudhirsharma11 Dec 29, 2024

The Nifty roared this week, gaining a solid 226 points, closing at a strong 23813! It reached a peak of 23938 before dipping to 23647. As predicted, the Nifty stayed within the 24100-23000 range, forming an interesting inside candle pattern. Excitingly, a bullish "W" pattern has emerged on the weekly chart! If the Nifty can hold above the crucial 23900 level next...

ssudhirsharma11 Dec 22, 2024

The Nifty experienced a tumultuous week, plummeting roughly 1200 points to close at 23587 after reaching a high of 24781 and a low of 23537. This sharp decline was largely attributed to a hawkish stance from the US Federal Reserve, triggering a sell-off in the US market and prompting significant Foreign Institutional Investor (FII) selling in India. The 5%...

ssudhirsharma11 Dec 8, 2024

The Nifty 50 index concluded the week on a high note, closing at 24,677, a significant 550-point surge from the previous week. The index oscillated wildly, touching a high of 24,857 and a low of 24,008. As predicted, the index faced selling pressure around the 25,000 level, a critical resistance zone that triggered a downward trend in late October. For the...