Market is indecisive but bias seems to be positive to neutral.Market is indecisive but bias seems to be positive to neutral. If the support near 19483 will be broken the Nifty can further fall towards 19227, 18905 or 18531 levels. Resistances on the upper side for Nifty remain at 19795 and 20000. Nifty took a support on Friday at the trendline and bounced handsomely above 19600 which is a good sign. Now sustaining above the same will be the key for regaining 20,000+ levels. The chances for Nifty remaining side-ways are also there for the coming week.
NIFTY
NIFTY ANALYSIS FOR 3RD OCT 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 3RD OCT 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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AARTI INDUSTRIES bullish trend reversalNSE:AARTIIND after a long consolidation, bullish rally can be seen after weekly breakout of 540 level. SPECIALITY CHEMICAL sector is good for upcoming years, save it in your watchlist and analyse on your own.
NO BUY/SELL RECOMMENDATION,
invest at your own risk.
💹
Bearish Engulfing in Nifty Today.Bearish engulfing candle seen today which is not a good sign. If we get a negative confirmation candle tomorrow to end the week we will see further weakness. The support and resistances on upper and lower side are as under:
Nifty Supports: 19245, 19042, 18890 and finally 18688.
Nifty Resistance: 19775, 19887, 20K+.
Red expiry!!- plan for 29th September 2023Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
#NIFTY Intraday Support and Resistance Levels - 28/09/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19750 level and then possible upside rally up to 19870 in today's session. in case nifty trades below 19700 level then the downside target can go up to the 19580 level.
Mother Line 50 EMA gave a great support to Nifty today. 50 EMA which is the Mother line gave a perfect and much required support to Nifty today. Proving again our Mother, Father and Small child story. Now tomorrow and and Friday the Nifty has to close above it to continue the upward trend. Resistances that Nifty will face on the upper side remain at 19747, 19851 and 19991. Supports for Nifty on the lower side are 19560 (50 EMA/Mother Line) and 19224. We are still not out of woods if we do not get 1 or 2 confirmation candles.
NIFTY ANALYSIS FOR 28th September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 28th September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Nifty Sideways Prediction for 27 Sep 23As we have been discussing the range for nifty whole week. Nifty is moving in the sideways zone in range 19650 - 19750.
today it's also expected to do the same.
Reasons :
Having resistance of 200 EMA above side.
Major resistance Zone at above side.
PCR = 0.82 (Mild Bullish)
Accumalation phase is going on.
RSI is in 40-60 mostly indicate sideways momentum.
Verdict :
Sideways Accumalation Phase
Plan of action:
Hold Previous positions or Create a neutral position for 19650-19700 Zone.
Nifty Took Support At 50 Days EMA. (Positive Sign). Nifty Took Support At 50 Days EMA which is a Positive Sign. If the support is not broken in the remainder of the week, seeds of a fresh rally and end of weakness will be sown. For this to happen Nifty not breaking the 50 days EMA is very important. Resistances on the upper side will be at 19735, 19851 and 19991. Supports for Nifty at the lower level are at 19549, 19435 and 19224. Below 19224 the bears will overtake the market.
NIFTY ANALYSIS FOR 27th September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 27th September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Review and Trading plan for 26th September 2023Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
NIFTY ANALYSIS FOR 26th September 2023-FOR EDUCATION PURPOSENIFTY ANALYSIS FOR 26th September 2023-FOR EDUCATION PURPOSE
This video is for educational purpose and my personal view . We are NOT SEBI registered Advisor, we only give the level on our practical trading experience. Kindly take the trade according to your risk and reward position and consulting your advisor. It is advisable to take the advice of SEBI registered advisor.
@vijayanjum
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Once Again Nifty At Critical Support zone.Nifty Support zone is in between 19655 and 19544. A bounce back can be expected from any point within this zone. If the support at 19544 is broken then the bears will take further control of the market and drag it further down to 19224 or below. On the upper side the resistance levels for Nifty are near 19851, 19991.
Nifty Short, Medium and Long Term review -25-Sep-23 to 29-Sep-23Nifty Short, Medium and Long Term review - 25-Sep-23 to 29-Sep-23
Nifty closed at 19674(20192)and touched low & high of 19674 and 20195.
Caution was provided on Overvaluation and to sell upto 30% Stocks with High valuation/ Profit and non performing Mutual Funds. Personally i could sell 15% of my stocks & Mutual Funds.
RSI and Stochastic level down from 76 to 46% & 96 to 30% respectively.
Stochastic & RSI- Still there is chance for to Move down/ Bottom out.
Nifty couldnt hold the short term Support provided at 19800 and moved down to 19674.
Nifty Bank fell more than Nifty last 2 weeks.
Nifty Bank have attractive valuation.
Buy on dip call on SBI & ICICI Bank , Axis Bank given on 13-Aug-23, Can Continue to buy for long term. Can add BOB, canara bank on dips. To watch for bottoming out of Kotak Bank, can add for long term.
Nifty- Short Term (Neutral Bearish)
If it broke below Ist Support at 19600 ( Fib Resistance), then
Strong Support at 19300-19600 ( Fib Resitance at 19320/19467)
Also there is a support at 19224 ( Previous Low)
Resistance at 19840/19990
Nifty Medium Term & long Term -
As market in overbought zone there will be a correction.
Resistance at 20500
Further to review the Q2 results. To review once Nifty reaches target.
Strong Resistance at 18800
Nifty Sort term ViewI can provide a general perspective on the Nifty 50 index. However, please note that market conditions and sentiments can change rapidly, and it's important to consult up-to-date financial sources and consult a financial advisor for the most current and tailored advice. #nifty, #nifty50