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NIFTY

First hurdle 22080 crossed; Second hurdle around 22180-22200.We had depicted 22080 and 22180 as 2 hurdles for Nifty crossing which there can be a bullish rally. first hurdle was crossed today ut Second hurdle in the range of 22180 and 22200 remains. Today Nifty made a high of 22193 and returned from the same area due to the resistance zone indicated earlier. Crossing and closing the week above 22200 tomorrow will increase the chances of Bulls getting into rally mode. If the resistance in the region is not crossed and Nifty does not cross and close above today's high, there are chances that some supports will be tested again. Nifty Supports Remain at: 22080, 21852, 21806 and finally 21710. Below 21710 Bears will get a firm grip of the market. Nifty Resistances: 22193 (today's high), 22301, 22449 and finally 22526.
NSE:NIFTYLong
by Happy_Candles_Investment
Trend line and deep resistance zone blocking Nifty progressThe resistance zone between 22081 and 22180 is blocking Nifty progress currently. Once Nifty closes above 22180 bulls can call shots in the market and take it further. After crossing and closing above 22180 further resistances will be near 22301, 22449 and 22526. On the lower side supports for Nifty are near 21882, 21710 and 21544. Nifty is interestingly placed for rest of the week. Shadow of the candle right now is neutral.
NSE:NIFTY
by Happy_Candles_Investment
NIFTYwe are looking NIFTY bullish move. Disclaimer: Kind regards to all friends and members , Stock market investment is subject to 100% market risks. Our company is not a SEBI registered company. Please consult your financial advisor before investing. This is for learning and training purposes only. Market Traps administrators are not responsible for any financial gains or losses resulting from your decisions. You acknowledge that stock market investments are highly risky and that you understand the market risks involved. Hence any legal action is void.
NSE:NIFTYLong
by Kaviarasu_Chandrasekar
Nifty Short , Medium & Long Term View- 26-Mar-24 to 29-Mar-24Nifty Short , Medium & Long Term View- 26-Mar-24 to 29-Mar-24 Nifty closed at 22096 (22023) and touched low & high of 21710 & 22175 RSI and stochastics levels have improved last week (51% & 47% Respectively). Market closed almost flat last week Refer to detailed comments in the bottom on market and election outcome. Nifty IT 35188 (37517) -To continue hold and buy on dips. Nifty IT touched 20 days before new high (38550) and started falling. Major support at 34918 /34000. Can add more at 33288 with Target 40000. Nifty bank 46863 (46591) -To continue buy on dips. Nifty Bank last week dipped. initial Target 48618 ( all time high). if it cross this resistance decisively. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Nifty 22096- Short & medium term (Neutral) Nifty still in undecisive state at present and will be rangebound. As mentioned for the past three weeks, Fibonacci extended resistance ( target) is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty next target 22819 (Fib Resistance)/23000. Short term Support - 21900, 21554 (Fib Support),21300, 20877 Fib Support as shown in the chart. Medium term Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 23000 to 18800 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments : Positive Lok Sabha Election result expectation, Global trend sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down as market is confident that current govt will win more than halfway mark, continue post election without any additional support of other parties so that govt can be confident enough to take decisions. Election outcome analysis i have prepared is available in website in my profile and my X account karthik_ss Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun 2024. Market may correct if any global news till 19500 as there is strong multiple fib support. Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
NIFTY did a MACD Bearish Cross. 1-month correction very likely.The Nifty 50 Index (NIFTY) gave us an excellent bottom buy opportunity on November 03 2023 (see chart below) easily hitting our 21000 target and transitioning into a longer term Channel Up: Right now the index is coming off the strongest 1W red week since October 23 2023, the first pull-back after a series of 4 straight green weeks. This week will complete a MACD Bearish Cross on the 1W time-frame, the first such formation since September 25 2023 and before that, December 26 2022. Naturally this is a technically bearish pattern and being so rare suggests that it shouldn't be taken lightly, even though we have been on this Channel Up since June 2022. More specifically, those 2 MACD Bearish Cross occurences delivered monthly corrections of -6.75% and -7.45% respectively, so an average of -7% pull-back. Both also hit the 0.382 Fibonacci retracement level from the Channel's last Higher Low. As a result, assuming a minimum correction of -6.75%, we are now turning bearish on NIFTY, targeting 21100. That may make contact, or at least come very close to the 1W MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTYShort
by TradingShot
Nifty bounced back but right now facing mid-channel resistance.Nifty bounced back but pretty well after confirming a near term bottom around 21710. right now facing mid-channel resistance. Daily closing firmly above 50 days EMA is another positive sign. Right now Nifty will face or is facing mid channel resistance which is near Friday's high of 22180. Nifty next week crossing and closing above 22180 will ensure that Nifty has closed not only above mid channel resistance but also trend line resistance which is in the same range. This dual resistance can be little stiff to cross. If it is crossed and held, next resistances will be at 22301, 22449 and finally 22526. In case the hurdle of Mid-channel resistance is not crossed the support levels for Nifty will be at 21877 (50 days EMA), 21710 and finally 21544. Shadow of the candle is neutral with positive bias indicating consolidation in the range or a further up move.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Entering a Resistance zone after a making a good comeback.After making a low of 21710 yesterday has made a good comeback in one and a half session closing the day at 22011. Now Nifty is staring into a strong resistance zone. The resistance zone starts from the high of today. i.e. 22080 and ends at 22206. This zone consists of trend line resistance and mid channel resistance as well. Closing this week above 22206 will send a strong signal to the buyers who might return enmass post crossing this level. The next resistances after crossing 22206 will be near 22301, 22449 and 22526. On the lower side if these resistances act too strongly Nifty has a support at 22080, 21868 (50 days EMA) or mother line support, and 21710 which was the recent low. Below 21710 closing if at all it happens there can be further blood bath.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty took a trend line support while trying to form a bottom.Nifty took a trend line support at 21710 while trying to form a bottom. If the bottom is confirmed tomorrow and we get a few positive candles while closing the day or week above 22042 some bullishness can return to the market. In case the level of 21710 is broken the next support level is near 21524. In case we get a closing this week above 22042. Further resistance levels will be seen at 22204, 22299 and 22454. Shadow of the candle for tomorrow looks firmly positive as of now.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty key levels for 21th March | Expiry TradeStay ahead of the curve with our daily Nifty key levels! NSE:NIFTY key levels for tomorrow. We booked profit of 120 points in Nifty today. Overview: Here are the key levels to watch for potential entry and exit points in BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:NIFTY
by Nivesh_Labs
Double Bottom Kind of structure is forming in Nifty. Double Bottom Kind of structure is forming in Nifty but still it is delicately placed. If the levels of 22037 and 21912 are held which are a support zone and if the resistance zone of 50 and 200 Hours EMA which are at 22072 and 22144 are broken on the upper side we can see strength. Thus the support Zones for Nifty are at: 22037 and 21912. Below 21912 bears will strengthen their grip. The Strong Resistance Zones that Nifty needs to cross for Bulls to start taking control is the zone between 22072 and 22144. Other Resistances if this zone is crossed will be at : 22206, 22301, 22361, 22445 and finally 22525.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Short , Medium & Long Term View- 19-Mar-24 to 22-Mar-24Nifty Short , Medium & Long Term View- 19-Mar-24 to 22-Mar-24 Nifty closed at 22023(22493) and touched low & high of 21905 & 22524 RSI and stochastics levels are same in this week (47% & 21% Respectively). Stochastics is in oversold zone. Market touched a new high last week Monday 22524. RBI issued warning on excessive rally on Mid & Small Cap to control liquidity. Hence Mid & Small Cap corrected last week. Market waiting for to take clear position (to go up or down). Market closed almost flat on first day of this week i.e 18-Mar-24. Nifty IT 37517 (37099) -To continue hold. Nifty IT touched new high of 38550 20 days before. Major support at 34918 /34000. Target can be 40000. Nifty bank 46591 (47853) -To continue buy on dips. Nifty Bank last week dipped. initial Target 48618 ( all time high). if it cross this resistance decisively. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Nifty Bank last week high was 47864 and dipped to low to 46316. Refer to detailed comments in the bottom. Nifty 22023- Short & medium term (Neutral) Nifty is undecisive state at present and will be rangebound. As mentioned for the past three weeks, Fibonacci extended resistance ( target) is near to 22819 which is the % of difference between Oct21 Peak -Jun22 Low from Oct 21 peak. nifty next target 22819 (Fib Resistance)/23000. Short term Support - 21900, 21554 (Fib Support),20877 Fib Support as shown in the chart. Medium term Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 23000 to 18800 expected in 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments : Positive Lok Sabha Election result expectation, Global trend sustaining the market above 22000. Recent Electoral bonds, CAA implementation news couldnt make the market down. Hence market is in good buy whenever there is a dip. Post Elections, only way Market will start grow higher by reduction of interest rate by RBI on a staggered manner till it reaches 5%. US fed rate reduction also expected from Jun 2024. Market may correct if any global news till 19500 as there is strong multiple fib support. Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
Nifty Monday 18 march - Overview for the day #gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term. Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week and the last hope for the bulls, so be careful and do not make the early perception. Focus on the level. Intraday Range: 21,900 to 22,060
NSE:NIFTY
by CodeViser
6
All INDEX key levels for March 18, 2024 #Nifty #BankNiftyAll INDEX key levels for March 18, 2024 #Nifty #BankNifty Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the Fall of 500 points in BankNifty Here are the key levels to watch for potential entry and exit points in BANKNIFTY Resistance Levels: - Refer the Red line on the chart Support Levels: - Refer the Green line on the chart Trading Strategy: - Long Position: Consider initiating long positions near support levels only after reversal confirmation for potential upside movement. - Short Position: Consider initiating short positions near resistance levels only after reversal confirmation for potential downside movement. Risk Management: - Always use stop-loss orders to protect against adverse market movements. - Consider position sizing based on risk tolerance and account equity. Disclaimer: These levels are provided for informational purposes only and should not be considered as financial advice. Trading involves risk, and past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Thanks
NSE:NIFTY
by Nivesh_Labs