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Mediumtermoutlook

Medium Term Post Budget Outlook for NiftyIf Nifty holds on to 17427 which is the 50 Weeks EMA there are chances that we may see an upswing and turnaround in market sentiments in the medium term we may see a rally which can take us close to All time high of 18887 or give us a new All-time high on Nifty which can be just above 19K levels. If the support levels are held we have a chance of Cup and Handle BreakOut on Nifty.There are however my resistances to be crossed for this to be achieved. One of the major resistances will be 50 days EMA at 17991. Supports and Resistances in the medium to long term range. Nifty Resistances: 17854, 17991, 18196, 18369, 18612 and 18887 and finally 19036 Nifty Supports: 17558, 17427 and finally 17353. Below 17353 only major support is near 17088 and 16757.
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