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Nifty50

Profit booking ahead of FOMC meet was expected. Profit booking in the market ahead of FOMC meet of US Fed was expected. There is a widespread noise of US Fed raising the rates by 25bps in the worst case 50bps. Market has today factored in 25 bps rate hike. However if there is a surprise tomorrow market can tank further. A positive surprise no no rate hike can again reignite the rally. All eyes on US Fed now. Supports for Nifty from this level are at 20867, 20796 to 20708 (will be strong support zone), 20605 and finally 20506. Resistances on the upper side are at 21026(Strong Resistance), 21125 and finally 21254 will be the top of current hourly parallel channel.
NSE:NIFTY
by Happy_Candles_Investment
Nifty holding above 20900 is a good sign but one dip is overdue Nifty holding above 20900 is a good sign but one dip towards 20500 or 19900 is overdue now. The RSI is indicating overbought zone requiring a time consolidation or correction. In case of correction the supports for Nifty will be around 20851, 20708, 20506 (Strong Support), 20259 or 19903 (Major Support). If Nifty manages to close below 19903 this month Bears can write their own comeback story. Resistances on the upper side are at 21026, 21292 and 21436. Long Term Target for Nifty in 2024 will be 22746.
NSE:NIFTY
by Happy_Candles_Investment
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
Unlocking Profit Potential: TORNTPHARM Analysis 🚀In the thrilling world of trading, decoding charts can be as exciting as a rollercoaster ride. Buckle up, we're about to unravel the secrets of TORNTPHARM. 📊 Current Positioning of TORNTPHARM Currently, TORNTPHARM is perched near the 75-minute zone (LTF). On the intermediate timeframe (ITF), it basks in the daily demand zone, close to the daily 20EMA, with an upward trend. Zooming out to the higher timeframe (HTF), the weekly chart reveals it's in a weekly demand zone after reaching all-time highs. The 75-minute demand zone is of the RBR type – Rally Base Rally. Plan your entry just above this zone, set the stop loss below, and target the 75-minute supply zone. The risk-to-reward ratio is an impressive 1:5. 🔍 Interpreting the Time Frames LTF (Lower Time Frame): Timeframe for executing trades. ITF (Intermediate Time Frame): Where we identify the overall trend. HTF (Higher Time Frame): Timeframe for location analysis. Lastly, remember, this analysis is for educational purposes only, and I am not a SEBI registered analyst
NSE:TORNTPHARMLong
by AfnanTAjuddin
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 is Overbought currently in need of consolidation.With 21K in touching distance, Nifty is Overbought currently in need of consolidation or I dare say, little correction. However there is also a Hammer candle formation towards the top also indicates there might be some strength left in the rally on the back of Fresh spree of FII buying. Resistances on the upper side before we reach 21K is today's high 20961. With the closing that we received earlier this week. The long term channel towards 22K+ is also open now. Supports on the lower side are near 20852, 20715, 20518 and 20315.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Important levels for today 6 Dec 2023 NSE:NIFTY Important levels for today 6 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
Navigating Infosys: A Trade Insight Currently, Infosys is making its way down to a 15-minute Demand Zone. Let's unpack this potential trade: Zone Quality Check 🕒: The 15-minute Demand Zone Infosys is approaching exhibits notable strength, characterized by a robust follow-through. This suggests a compelling setup for potential trades. Intermediate Frame Exploration 🔄: Zooming out to the 75-minute Intermediate Time Frame (ITF), Infosys finds itself comfortably within the zone, with the trend pointing upward. This aligns well with the broader context. Daily Location Analysis 📊: Shifting to the daily timeframe, which acts as our higher time frame (HTF) for location analysis, we find Infosys trading in an affordable area. This positioning enhances the appeal of the trade execution. Trade Execution Plan 🎯: Here's the plan: - Entry: Enter at the 15-minute Demand Zone or slightly above AROUND 1445. - Stop Loss: Place it below the 15-minute Demand Zone. - Target: Aim for a minimum risk-to-reward ratio of 1:3. 🚀 Trade Insight: This trade aligns well with the strength of the 15-minute Demand Zone, the upward trend in the 75-minute timeframe, and Infosys' affordable position on the daily chart. 📝 Note: This analysis is for educational purposes only. I'm not a SEBI registered analyst. Trade Smart, Execute Confidently! 💹✨
NSE:INFYLong
by AfnanTAjuddin
Nifty Give a Breakout of Life time.Nifty has given a proper lifetime breakout on Friday. This Breakout has opened channel which can take Nifty towards 20700+. Resistances on the way will be at 20445 and further at 20734. Supports for Nifty will be at 20013 and 19675 on a weekly chart. These projections will be valid if Election results will be similar to Exit Poll results. If there are results which are against the popular trend and in antithesis to the Exit Poll results, we can see a mild or massive sell off too. So be watchful of the Assembly Election results.
NSE:NIFTYLong
by Happy_Candles_Investment
#NIFTY50 - Move ahead.1. Nifty is breached Bearish Golden Pivot Zone (GPZ) and trading above Monthly Cam H4( Bullish Breakout) and traditional pivot level R1. 2. Nifty levels 19751-19851 having very strong supply zone but the good news is Quarterly pivot is at 19695 above this level and past 3 sessions nifty closed above this level. we can say above 19700 is now a very strong support. 3. Volume on daily time frame is increasing and above 13 moving average. 4. If Nifty Daily close above 19888 then we will see new higher high in upcoming weeks.
NSE:NIFTYLong
by Game_0f_Pivot
Breakout in Nifty but mid chanel resistance can block the pathFantastic Bullish breakout in Nifty but there is Mid-channel resistance can block the run way for a while unless we get a gap up opening tomorrow. The RSI also indicates need that Nifty is little bit into overbought territory. Little bit of consolidation before moving ahead will be good. Supports on the lower side are at 20024, 19960 and 19875. 19875 is a major channel bottom support. Nifty not breaking it will be good. If that support is broken major supports will be at 50 Hours EMA 19833 and 200 Hours EMA at 19614. Resistances on the upper side are 20103 strong resistance. Next resistance is 20237 and finally 20394. Peak of the current rally can be near 20556.
NSE:NIFTY
by Happy_Candles_Investment
📈 Nifty's Current Situation: A Simple BreakdownToday, Nifty, the benchmark index of the Indian market, made a noteworthy move, inching close to its all-time high. Let's break it down: went up by more than 1%, coming close to its all-time high. Here's a closer look: What's Up with the Market 📊: Nifty's recent jump got it close to its highest-ever levels. Sounds good, right? But there's a challenge—it's right at a powerful supply zone where the market often faces a tough time. What the Charts Are Saying 📈: The quick climb has made Nifty stretch a bit from its average Price (EMA20). History says Nifty usually comes back to EMA20 after a speedy rise. So, brace yourself—a correction might be on the way. Looking deeper, it seems Nifty has a habit of taking a breather near its EMA20 after moving up fast. This time seems no different, hinting at a possible slowdown. What to Expect 🎯: In simple terms, be ready for a possible cool-down from the Supply zone. While quick rises catch eyes, a steadier climb is usually better for a strong trend. But here's the twist—if Nifty breaks through this tough Supply zone, we might be in for more highs. 🚨 Watch Your Steps: Nifty is benchmark index of the Indian market, Since Nifty is close to this tricky zone, it's wise to be careful. Set your safety nets (stop-loss) smartly, based on how much risk you're comfortable with. Final Words & Reminder 📝: Interpreting market signs is part skill, part instinct. This guide is here to help you learn, not as professional advice (I'm not a SEBI registered analyst). Just sharing insights for you to learn. Keep it smart out there! Trade Smart, Navigate Cautiously! 💹✨ Lastly, Thank you for your support! Your likes & comments . Feel free to share your thoughts and feedback in the comment section.
NSE:NIFTY
by AfnanTAjuddin
1
Nifty trying to break free. Election Result can shake the tree.Nifty is trying to break free from the shackles and move towards 20K+ but the only thing that can topple the apple cart is the election results. If there is something that happens which goes against the general public opinion or a shock. We might see some volatility or even negativity. It can go either way as of now. The supports for Nifty on lower side are near 19816 and 19702. In case we get a closing below 19702 the next support will be near 19547. Resistances on the upper side for Nifty will be at 19913, 19984, 20049, 20108 and finally 20206. Above 20206 the channel towards 20500 will open up.
NSE:NIFTY
by Happy_Candles_Investment
The Resistance zone of 19826 to 19877 stops the Nifty rallylast week we identified the zone between 19816 and 19877 as the critical résistance zone. This is exactly the zone which has stopped Nifty from growing further and going further the full week. For our march towards 20K+ levels closing above 19877 is very important. Last weeks estimations were based on hourly chart of Nifty. This week in the daily chart you can see that Nifty is squeezing within a triangle and can give a breakout on either side. From the looks of it the breakout might be on the upper side only but some unwanted event on the Global scale (New illness in China or some event that violates the probable ceasefire in Gaza) can taper the upward trajectory so one needs to be watchful. Nifty resistances same as last week are same the zone between 19817 to 19877. Post that the next resistance will be near 19984 and 20049. Supports on the lower side in case something major spoils the part will be 19702, 19581 and 19533.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty looking strong after taking mid-channel supportNifty looking strong after taking mid-channel support. Crossing the immediate resistance of 19826 and 19880 the Nifty is looking all set to gain all lost ground due to conflict in the Middle East. Next resistance for Nifty after crossing 19880 will be at 19984, 20049, 20148 and 20200+. Supports for Nifty on the lower side will be at Mid channel support that is today's low near 19703. If in future 19703 is broken the next supports will be at 19581 and 19511. Things are looking good with a very good Hammer candle to end the day.
NSE:NIFTYLong
by Happy_Candles_Investment