Get started

NIFTY

Nifty trapped between strong support and strong resistanceRight now Nifty seems to be trapped between strong support and strong resistance. The support zone is 21415 to 21581. Resistance zone is 21670 to 21847. Nifty needs little bit of consolidation in the range. Results from various companies will drive the nifty forward in either direction. The interim budget is also around the corner that can also be a guiding light for Nifty. Wild swings in either direction in addition to Geo-Political events can also turn the fate of Nifty and things can turn cloudy in a session or two. My advice for now will be stick to large caps and selective mid and small caps with ethical management and strong fundamentals and avoid companies with low durability, high debt, high pledging and questionable ethics. Which should be the case anyway but more so with Macro and Micro global situations and events which are in progress and around the corner.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty trying to form bottom after taking channel bottom supportNifty trying to form a bottom after taking channel bottom support. Nity touched the bottom of our hourly channel and trying to consolidate in the zone. Major support for Nifty from here will be 21405 (200 Hours EMA) (Father Line) and Channel bottom 21285. If 21285 is broken Nifty may fall further till 21089 or even 20967. On the way up major resistances that Nifty will face now are 21544, 21650 and 21715 (Major Resistance 50 Hours EMA). Also note that Mid channel channel resistance is also near 21740 region. So 21715 to 21740 will be major resistance on the way up. Nifty might try to stage a recovery tomorrow but let us see if the levels hold. Weekly closing is important with Geo-Political tensions rising between Iran and Pakistan. As well as Afghanistan and Pakistan.
NSE:NIFTYLong
by Happy_Candles_Investment
HDFC life looks goodIn this video, we have seen the hdfc live a short history from which level it started The level it hit and the levels which we are expecting in coming days. We have provided few levels for entry. We have also provided few stop losses Other than that, we have provided few targets in this video . Please go through the video And if you have any question, now, please feel free to ask or send me a message. I will try my best to answer those questions. Thank you everyone
NSE:HDFCLIFELong
by Mohit_T
Market becomes a ruthless teacher today. Market today was in ferocious ruthless form today. Overheated RSI sometimes stays overheated for few days or weeks and sometimes like today cools off in a day. Yesterday the RSI was above 70 and today it is below 30 on the hourly chart. 21550 is a good support zone from where we can see recovery but it is less likely possible point of reversal. The possible point of reversal can be 21450 and 21397. If 21397 is broken the next supports levels will be at 2133, 21188 or 20999. On the upper side the resistances will be at 21687, 21754, 21796 and 21847. It looks like the start might be negative but later in the afternoon or Friday Nifty can try to stage a recovery.
NSE:NIFTY
by Happy_Candles_Investment
Was it profit booking or Channel Top resistance? or both? Nifty is facing a channel top resistance and trying to cool down/climb down from the overbought zone. The Major resistance for Nifty going ahead are at 22056 and very strong Channel top resistance near 22124. Supports for Nifty on the lower side as it tries to cool down it's RSI will be at 21973, 21917, 21840 (Mother Line, Good support 50 Hours EMA), 21758 and 21687 (Mid Channel Support). If Mid-Channel support is broken the next supports will be near 21591, 21455 and finally 21377 (Father line, Major support 200 Hour EMA). Nifty looks as if it will start negatively tomorrow in the afternoon it can try and stage a recovery.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Short , Medium & Long Term View-15-Jan-24 to 19-Jan-24Nifty Short , Medium & Long Term View-15-Jan-24 to 19-Jan-24 Nifty closed at 21894(Prev Cloase 21710 ) and touched low & high of 21931 & 21449. RSI and stochastics levels ( 70% & 95 % Respectively). Stochastics is in overbought zone. Market decisively closed above 21800-21850. Purchasing Nifty IT at lower levels proved effective as the Nifty IT index underperformed than other index, hence it moved up. Simillar run expected in Nifty Bank index, despite bank results were good in Q2 and expected to post good results in Q3 it didnt moved up considerably. Hence next move likely will be in Nifty Bank index. Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 ( Fib Resistance)/22521. Nifty IT had a good run in last month with expectation of growing world economic condition especially US. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up. Expectation of Q3 results especially bluechip companies, certain bank stocks market may go upwards to 22500 due to the current scenario. Profit booking upto 30% was suggested in the last month, Almost i have booked 20% profit in Equities & Mutual Funds. 100% of ulip shifted from equities to balanced funds & money market as we get free switches in ulip. Market can any time expected to turn volatile and it will continue till Q3 results, Feb budget & 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. In Feb, Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra (Railways & Road). Infra Stocks, undervalued bluechip stocks can be considered. Q3 Results & Policy changes are need to be looked into for next year growth of Nifty. Nifty- Short Term ( Positive) Resistances are at 22000, 22155, 21308, 22521 Support at 21459 (fib Resistance), 21260 ( trend line Resistance),21000, 20800 Nifty Medium Term & long Term ( neutral)- Can achieve 22500 target Support at 20500 ( Fib Support) , 20225 ( prev high), 20000 ( Fib Resistance) Long Term market expected range bound between 22500 to 18800 expected till mid of 2024. however if Q3 results are good, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance).
NSE:NIFTY
by karthikss
TCS TCS is currently moving in range at weekly timeframe for more than 3 years. TCS has shown a decent performance in recent Q3 result. TCS Q3 Results Live Updates | Key Highlights of the Quarter Ended December 31, 2023 Revenue at `60,583 crore, +4.0% YoY, +1.7% YoY in Constant Currency Operating Margin at 25.0%*; an expansion of 0.5% YoY Net Income at `11,735 crore*, +8.2%* YoY | Net Margin at 19.4%* Net Cash from Operations at `11,276 crore ie 102% of Net Income Diverse and inclusive workplace: Women in the workforce: 35.7% | 153 Nationalities Investing in the workforce: 39.7 million learning hours YTD | 3.7 million competencies YTD LTM IT Services attrition rate at 13.3% Dividend per share: ` 27.00, including ₹ 18.00 as special dividend | Record date 19/01/2024 | Payment date 05/02/2024
NSE:TCSLong
by Kartik_Elkunchwar
Medium Term and Long Term Targets for Nifty for 2024. There are two trend triangles formed in the daily chart of Nifty. The larger triangle indicates the long term target for Nifty at 23098. The triangle within that which indicates the medium term range or target of Nifty tells us that current rally can peak near 22326. In the process of reaching these targets the support zones are indicated by the green lines and Mother, Father lines (50 and 200 days EMA) which are at 21743, 21486, 20988, 20880 50 Days EMA strong support (Mother line), 20542, 20268, 19857 and finally 19599 200 days EMA very strong support (Father line, 200 days EMA).
NSE:NIFTYLong
by Happy_Candles_Investment