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NIFTY

Nifty Short , Medium & Long Term View-18-Dec-23 to 22-Dec-23Nifty Short , Medium & Long Term View-18-Dec-23 to 22-Dec-23 Nifty closed at 21496( Prev Week close 20520) and touched low & high of 20776 & 21496. Market touched all time high of 21000 last week and then almost to 21500 without any stoppage after a massive run post election results of 3 states and US Fed rate reduction plan, followed by global stock market run. RSI and stochastics levels are in overbought zone ( 85% & 98 % Respectively) . Market currently on a upward movement due to global run, clear immediate resistance for reversal are not available. Already market grown 10% from 19500 level. Two Fibonacci extended resistances are near to 22500 as shown in chart which is 5 % from current level. Market can any time turn to volatile and expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Feb Temporary budget most likely to favour income tax payers inorder to keep in mind of elections and to concentrate on infra ( Railways & Road). Banks gave good results except HDFC bank due to merger. Nifty IT had a good run in last few days with expectation of growing world economic condition especially US. Capital Goods and other companies posted average results. But in expectation of Q3 results especially bluechip companies market may go upwards to 22500 due to the current scenario. Q3 Results & Policy changes are need to be looked into for next year growth of Nifty. Nifty- Short Term Resistances are at 21750, 22000 ( however no trend line, fibonacci resistance are available) Market is in overbought zone. Profit booking upto 30% was suggested in the last two weeks, Almost i have booked 20% profit has been booked in Equities & Mutual Funds. 75% of ulip shifted from equities to debt funds as we get free switches in ulip. Support at 20500, 20225 ( prev high) Nifty Medium Term & long Term - Market decisively closed above 21000 last week and near to 21500 Can achieve 22500 target if close above 22000 decisively. Support at 20225/ 20000/ 19850 Long Term market range bound between 22500 to 18800 till elections are completed.
NSE:NIFTY
by karthikss
$INDY: Update - Buy signal in monthly scale here...🚨🚨🚨 If you are not exposed to India, now is a good time to join. 📢 Train is leaving the station here, monthly suggests immediate upside in the order of 8-10% in the coming quarter, which will likely trigger a breakout away from the long term consolidation here, to trace my expected path long term... This can be the beginning of a huge long term advance, quarterly chart is very close to triggering a trend signal, so the reward to risk in this idea could be astronomical. Best of luck! Cheers, Ivan Labrie.
NASDAQ:INDYLong
by IvanLabrie
3
Be cautious while travelling in the Runaway Train (Nifty). Passengers of the Runaway Train (Nifty) need to be cautious now. The current Nifty rally has hit the Euphoria phase. India is watching a Bullet train rally and probably the station is near by. Reasons behind the rally are: 1) Recent Assembly elections considered as Semi Finals before the lok sabha elections of 2024 met the market expectations. 2) US Fed continued a the rate hike Pause and there were some indications of rate cut cycle starting in 2024. 3) Some opinion polls suggesting return of the incumbent government for the Third time in India. Political Stability is what market loves. If we add global factors like rate hike pause that gave a steroid dose to the markets. The question is: What should the investor do now? 1) Book Profit in the risky / mid-cap / Small-cap stocks with weak fundamentals. At least partial profits can be booked. 2) Find avenues where growth is still possible. Choose stocks with strong fundamentals / Monopoly / Strong MOAT. (Some large caps companies fall in this category) 3) Look at the Technicals and Fundamentals of the company you are investing in. 4) Be very choosy. I am an advocate of staying invested in the market come what may but portfolio rotation, some reshuffling profits into fundamentally strong players with vision for growth is need of the hour. As far as support and Resistance levels are concerned the next fibonacci resistance will be at 21607. If the euphoria continues into reminder of the month we may even see the levels of 22180. If the momentum continues further into 2024 I see the rally reaching 22922 or 23000 levels. Supports at the lower level are 21235, 21078. 20795 level will be a strong support level falling below which bears will start breathing again.
NSE:NIFTY
by Happy_Candles_Investment
Nifty is a Runaway Train on Steroid. As Predicted post FOMC Rate Pause decision and a murmur of rate rate cuts starting in 2024. Nifty got a steroid dose as expected and became a run away train. May be there is some more momentum left in the rally and a good close in the green to end the week will be icing on the cake. The resistances on the upper side of Nifty will be near 21212, 21266 and finally 21312. Closing above 21312 will open the channel going towards 22300+. Supports for Nifty on the lower side will be at 21125, 21074, 21040, 20953 and 20901. Trend can change below 21769. Right now momentum looks good but some consolidation cooling down of Index can also be helpful for the long run.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY Prediction for tomorrow 12 Dec 23As we discussed yesterday, NIFTY did take resistance from the given resistance line and was sideways the whole day. For tomorrow, Nifty is expected to move into the inner zone. Two possible cases are explained in the chart. In case 1, it will be sideways in close range. If case 2, it might give you a little momentum to the downside. Reasons: EMA 50 is providing a nice support. on the upside trendline provides a nice resistance trendline. 20850 will be acting as a good Price action support point. PCR 0.93, which is bullish, but if we check OI the whole day, it was more of a round-off. Few new positions were created. People are waiting unless it's direction to be decided. RSI is 40-60, which is mostly sideways. according to OI 21000, it is working as MAX Pain, which is also a good psychological level. Price > EMAs, which means bulls are strong. Verdict : Sideways Plan of action: Sell 21000 CE and protect it with hedging.
NSE:NIFTY
by finnova_
2
Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23 Nifty closed at 20520 (Prev Week close 20227) and touched low & high of 21006 & 20520. Market touched all time high of 21000 last week after a massive run post election results of 3 states. RSI and stochastics levels nearing the overbought zone ( 83% & 97 % Respectively) . Nifty- Short Term Resistance at 21082 ( Fib Resistance 1.618) and 21170 ( Calculated diff in % from dec 22 high 18906 to Mar 23 Low 16833). These above two resistances are critical as market in overbought zone. Market is in overbought zone. Profit booking upto 30% was suggested in the last week, Almost i have booked 10-15% profit has been booked in Equities & Mutual Funds. 50% of ulip shifted from equities to debt funds as we get free switches in ulip. Support at 20500, 20225 ( prev high) Nifty Medium Term & long Term - Market need to decisively close above 21170 to achieve 21500/22000/22500 target. Support at 19345, 19230, 19164, 19000 Long Term market range bound between 21170 to 18800 till elections are completed. Comment : Market Volatality expected to continue till Q3 results, Feb budget & till elections in 2024 (Apr-May). Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result and projected growth of the stock is necessary. Q3 Results & Policy change need to be looked into for next year growth of Nifty.
NSE:NIFTY
by karthikss
Long Term Channel for Medium Term RangeThe Channel drawn shows Nifty from the pre-Covid era and covers major global events like Covid fall, post covid Nifty rally, Ukraine war, India-China standoff on border, US Fed rate hike cycle due to global inflation and recent crisis in the Middle East. Amongst all these news Nifty kept on growing and correcting and then growing again proving that the story of India remains intact. The Range in which it looks like Nifty will trade in the coming few months will be optimistically 22K to 18.9K. (18.9K is the worst case scenario in case there is some global mishap of major magnitude).
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Intraday Levels for 8 Dec 2023 I am sharing crucial NSE:NIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach. This channel is dedicated to sharing my expertise in trading strategies, technical analysis, and market trends. My goal is to assist you in making well-informed decisions throughout your trading endeavours. Stay tuned for daily updates, comprehensive market analyses, and real-time trading scenarios. Witness firsthand our journey from novice to expert in the trading world. My sole objective is to empower you with the knowledge and skills needed to navigate the intricacies of financial markets successfully. Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level. Important Note: These levels are intended for intraday trading purposes only. Disclaimer: All information provided on this page is for educational purposes. We are not SEBI Registered. Please consult a SEBI registered financial advisor for personalised advice before making any investment decisions. We are not responsible for any profits or losses incurred. Your support and engagement are appreciated. Kindly like, comment, and follow to show encouragement. View Only Mode Live chart Link www.tradingview.com
NSE:NIFTY
by sugatmankar
Much needed consolidation for Nifty at the top.Nifty is giving a much needed consolidation at the top before shifting gears and moving towards 21K or even 22K in the short to medium term. The Relative Strength Index of Nifty is still 82 which indicates things are pretty hot to handle still and need of more cooling down. Little bit of consolidation/correction would be ideal for a strong rally. But as said earlier market can remain irrational more than a an investor can remain rational. Closing of the week tomorrow will be important. Supports on the lower side remain at 20852 (Strong support), 20715, 20518 and 20315. Resistance on the upper side are at 20961, 21068, 21132 and 21183.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Important levels for 7 Dec 2023 NSE:NIFTY Important levels for 7 Dec 2023 I am sharing crucial NIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach. This channel is dedicated to sharing my expertise in trading strategies, technical analysis, and market trends. My goal is to assist you in making well-informed decisions throughout your trading endeavours. Stay tuned for daily updates, comprehensive market analyses, and real-time trading scenarios. Witness firsthand our journey from novice to expert in the trading world. My sole objective is to empower you with the knowledge and skills needed to navigate the intricacies of financial markets successfully. Identified through price action, major support and resistance levels are marked with lines as resistances and supports. If the price breaches a support or resistance, it is likely to move towards the next corresponding level. Important Note: These levels are intended for intraday trading purposes only. Disclaimer: All information provided on this page is for educational purposes. We are not SEBI Registered. Please consult a SEBI registered financial advisor for personalised advice before making any investment decisions. We are not responsible for any profits or losses incurred. Your support and engagement are appreciated. Kindly like, comment, and follow to show encouragement.
NSE:NIFTY
by sugatmankar