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Nifty50analysis

NIFTY 50 Analysis For Feb 23rd!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 23rd, There Are Total of 3 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The NIFTY 50 For That Day. Note : Those Levels Are For That Particular Day Only. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
NIFTY 50 Analysis For Feb 22nd!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 22nd, There Are Total of 3 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 5 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For That Day. Note : Those Levels Are For That Particular Day Only. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTY
by SuccessStrikes
1
Nifty 50 Daily Chart Analysis - February 21, 2024Technical Analysis: Candle Pattern: The daily chart for February 21st shows a "Bearish Engulfing" pattern. This indicates a potential reversal in the upward trend, as the current day's candle completely engulfs the previous day's price range. Moving Averages: All major moving averages are still bullish, but the recent candle suggests a possible slowdown in the upward momentum. Support and Resistance: Immediate support: 21,920 Key support: 21,600 Resistance: 22,450 - 22,500 Indicators: RSI: Currently at 67, nearing overbought territory, suggesting a potential pullback. MACD: Still bullish, but the histogram shows a weakening momentum. Key Observations: The Nifty 50 has been consolidating near the recent highs for the past few days. The Bearish Engulfing pattern suggests a potential pullback in the near term. Overbought technical indicators also suggest a potential correction. However, the long-term trend remains upward, supported by bullish moving averages. Other Observations: The market opened higher but faced selling pressure later in the day, leading to the Bearish Engulfing pattern. FII activity shows some reduction in short positions, suggesting cautious optimism. The IPO of Purv Flexipack on February 27th could potentially impact market volatility. Overall: The Nifty 50 is currently at a crossroads. While the technical indicators still favor the upward trend, the Bearish Engulfing pattern and overbought conditions raise concerns about a potential pullback. The next few days will be crucial to see if the market can maintain its momentum or succumb to selling pressure. Important Note: This analysis is for informational purposes only and should not be considered financial advice. Please consult a qualified financial advisor before making any investment decisions.
NSE:NIFTY
by mayurdhagiya
Nifty 50 Daily Chart Analysis - February 20, 2024Nifty 50 Daily Chart Analysis - February 20, 2024 Current Status: The Nifty 50 closed at 22,196.95, up 0.34% from the previous day. The intraday high was 22,215.60, and the low was 22,045.85. Trend and Moving Averages: The daily chart suggests a short-term bullish trend. The index recently broke above the 22,000 resistance level, confirming the uptrend. All major moving averages (50-day, 100-day, 200-day) are sloping upwards, further confirming the bullish trend. Technical Indicators: RSI: The RSI indicator is currently at 68.5, indicating the index is slightly overbought. This suggests a potential pullback in the short term. MACD: The MACD indicator is above the signal line and trending upwards, indicating bullish momentum. However, the histogram bars are starting to shrink, suggesting weakening momentum. Support and Resistance: The nearest support level is around 21,600-21,700, followed by 21,300. There is no immediate resistance level in sight. However, the psychological level of 22,500 could act as a resistance shortly. Key Observations: The breakout above 22,000 is a positive signal for the short term. Overbought technical indicators suggest a potential pullback before further upside. Lack of immediate resistance allows for potential price appreciation. Overall: The Nifty 50 is currently in a good position with a short-term bullish trend. However, investors should be cautious of potential pullbacks due to overbought technical indicators. Monitoring support and resistance levels and key economic data will be crucial for further analysis. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions. Additional Notes: This analysis is based on the closing price and technical indicators. Intraday analysis might provide different insights. It's important to consider fundamental factors along with technical analysis for a comprehensive understanding of the market. I hope this enhanced analysis is helpful!
NSE:NIFTY
by mayurdhagiya
4
Nifty50 Trend Analysis Corrected ChartEverything is same except the sub waves of Wave 3, which is corrected for its degree from minor to intermediate. It is currently undergoing Wave 4 correction. Support is around 20860 level which is also at 38.6% Fib level and key support level as highlighted in green dashed line. Minimum target for Wave 5 can be around 23000 level, can go higher only if upside break out happens. Maximum target can be 25400 level. Wave 5 is more likely to be extended as Wave 1 & Wave 3 are of equal length. Use this correction as buying opportunity in specific stocks or sectors where bullish chart patterns are visible. Avoid stocks which have rallied too much. Do your own due diligence before taking any action. Peace!!
NSE:NIFTY
by Swastik24
Nifty50 Trend Analysis as per Wave TheoryIt is currently undergoing Wave 4 correction. Support is around 20860 level which is also at 38.6% Fib level and key support level as highlighted in green dashed line. Minimum target for Wave 5 can be around 23000 level, can go higher only if upside break out happens. Maximum target can be 25400 level. Wave 5 is more likely to be extended as Wave 1 & Wave 3 are of equal length. Use this correction as buying opportunity in specific stocks or sectors where bullish chart patterns are visible. Avoid stocks which have rallied too much. Do your own due diligence before taking any action. Peace!!
NSE:NIFTY
by Swastik24
📈 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
Swing Trading Opportunity in NIFTY | YT Ravi's Trading DeskRefer the chart for Entry,Target and SL. NIFTY Breakout on 30min/hourly/Daily Timeframe also Closed above 200EMA on a Hourly Timeframe which is a bullish Sign. NOTE: This trade is only for Equity Swing buy and not to be considered for options trading. Please do follow Position Sizing and Risk Reward Ratio while planning any trades. Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action. TO CONNECT WITH ME CHECK OUT MY BIO. If you like this Idea, Please do like my ideas and share it with your friends. check my bio. Please boost my ideas and send cheers as it acts as a motivation to keep posting my analysis. Thank you
NSE:NIFTYLong
by rkinspiro1
Nifty 50 for 9/6/2023Hello Traders, Hope you're well. Today, buying options, especially Puts, was tough as the market made three peaks and premium prices dropped fast. Even if you were right about the direction, it was hard to hold onto your trade. Earlier, we pointed out that 19,230 was a good buying area, and it turned out right. We saw a 350-point rise from there. Many expected the market to go below 19,230, but it surprised us by going up to 19,574.50. What's next? Read below. Support Areas for Nifty 50: Two buying zones to watch are around 19,482 to 19,452. Wait for the market to hit these levels before buying. Aim for 19,527 and 19,562 with a stop loss below 19,445. Be patient and don't rush into trades. If Nifty goes under 19,440, be prepared for a drop to 19,260. Resistance Areas for Nifty 50: The high today was 19,587, a strong resistance. We think the market might return to these levels to shake out sellers and attract new buyers. If Nifty goes above 19,587 and then drops back down, consider buying Put options (PE) with a stop loss at the highest point of that drop. This could result in an 87-point move to 19,500. Personal Opinion: While we've given different scenarios, our personal view is that if the market stays above 19,600 for a whole day, it could aim for 20,000 soon. Many traders are still ready to buy Puts, and sentiment remains unchanged. Please note that I am not a SEBI registered advisor, and these trades are for educational purposes only. We recommend focusing on intraday trades and avoiding holding positions overnight.
NSE:NIFTY
by kIRANANGARKAR
Banknifty - Strong Daily Demand AreaBank Nifty has touched its strong daily demand area which coincides with weekly demand area as well. This demand area has given a 2700 points run in the recent days. So expecting a good bounce back towards 44500 and 45,000 HDFC has touched its demand area. 1768 Axis has also touched good support area - 929 Kotakbank almost touched its gap based demand area -1776 (1764 is the actual demand area) ICICI touched daily support area 946 SBI touched its magical number 555 So we can expect a big bull run in Bank nifty which will push Nifty towards 20,000. OI chart also indicates good support near 43800 and 43700 but it has a resistance at 44, 000 which will cause a short covering rally. Moreover Bank Nifty was down 6% straight 21 days from 21-July ( so Burry's short news would have factored in already) , so expecting a good short covering rally in Bank Nifty. Note: This is only for educational purpose.
NSE:BANKNIFTYLong
by sam669999999999
Monday, 7 August Intraday Trade Setup I've used charts to show things clearly. On Monday, there are two critical levels to watch. The first is 19,560 – a critical resistance point because the Index has been stopped by it many times before. If the Index breaks past this point, it might show a new trend (a change in how prices move). The second level is the low point, which might mean the prices will continue decreasing. If prices are between these two levels, it's not a good time to trade. I've also pointed out possible goals if the resistance level is crossed. So, when you trade, remember these things.
NSE:NIFTY
by CodeViser
2
Nifty lifetime high comparison with Dec 1 2022Nifty 50: Bank Nifty : Nifty IT: HDFC: TCS: INFY Kotak: This is the comparison of the major stocks, Nifty IT and Bank Nifty and current levels of major contributors. Dec 1 2022, Nifty's was majorly from Nifty IT and from Bank Nifty. Nifty IT was at Life time/ 52 week High and NIFTY Bank was also at almost 52 week high. Current scenario: As you can see currently none of the major stocks are near 52 week high or life time high. Nifty's current contribution is only from sectors other than the major contributors. Even without the support and even pull back from Banknifty and IT, there is no much fall in today's session even after almost reaching all time high. There could be a breakout when there is a small push from Nifty IT and and Bank nifty. Good thing is currently Nifty is respecting the trend line and closed above the trend line with a small pull back. However good OI is added in 18850 and 18900. Note: This is only for educational purpose.
NSE:NIFTY
by sam669999999999
Soft Landing of Nifty after Karnataka Election Results. Nifty made a soft landing after Karnataka Election results. Despite Global markets performing well Nifty had a subdued week. After starting the week well, the rally simply could not sustain the upper levels and continued to slide. Bollinger Band and Daily chart technical analysis shows Friday low of 18060 and 18107.5 as strong support for Spot Nifty. Below these levels if 18060 broken Nifty can slide further to 17873 and 17636. The zone between 17636 and 17675 is strong support buffer zone. Resistance on the upper side will be at 18293, 18458 and 18539.
NSE:NIFTYLong
by Happy_Candles_Investment