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Niftyanalysis

Nifty 27 Feb 23 to 3 Mar 23 Short ,Medium and Long TermNifty 27 Feb 23 to 3 Mar 23 Short ,Medium and Long Term Nifty closed at 17465 ( Prev close 17944) Nifty touched a high of 17989 and fallen to low of 17429 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. RSI stochastic and MACD are in negative zone and in oversold position and also there is no sign of reversal at immediate present, hence market may further fall to 17300-17180. Nifty short term Nifty corrected from 17900 to 17450 level. it may further correct to 17300/17200 as mentioned below. Nifty Support at 17435(dark red color horizontal line) /17368 MA200 /17355(new low) /17200 Nifty Resistance at 17555/17716/17819(0.5 fib old)/17900/18000(Aug high) /18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) Nifty Medium Term Nifty will be range bound in medium term from 17200 to 18268. Like previous week, this support levels are shown in Green & Red thick Horizontal lines. Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term and Support at 17000 Long term Target 19500/20500 possible if it breaks above 18268 In case if it falls below 17000, then next support is at 16793, which will act as major long term support. Since Market is in oversold zone, after a few dip, it is likely to move towards 17550-17800. Buy on dips once fallen. Nifty IT and NIFTY 50 Equal weight Mutual funds can be accumulated for long term. Nifty Bank 39909 can be accumulated level of 38600 for long term.
NSE:NIFTY
by karthikss
Morning Mantra - 24th February 2023Dear All, Yesterday, we had once again observed Nifty’s movement towards the level of 17320. Wherein, Nifty had made a low of 17455.40 and had ultimately given us a closing of 17511.25 Moreover, since today is the last trading day of this week, it will be better if Nifty touches the level of or around 17320, today itself. Otherwise, we might get to witness some panic in the Market in the forthcoming week. Whereas, in the meanwhile, it will be suggested to keep patience and to be stock specific. Levels : 18170-17800-17320 Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTY
by alokdaiya
Morning Mantra - 22nd February 2023Dear All, It was a 2nd consecutive day yesterday, where we had observed Nifty taking a beautiful support at around 17800 once again. Besides, we had also seen a beautiful opening from Nifty yesterday. However, after reaching the level of 17920, the index had somehow failed to sustain the level and so consequently we got to witness a closing of just above 17800, once again. Nonetheless, we are still with our words that the level of 17800 will once again be a very crucial level for the Market to finally decide its trend. Moreover, we are still quite positive for the upper level of 18170 as the level of Resistance in Nifty, until it is above 17800. Also, in the meanwhile, continue being stock specific. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 21st February 2023Dear All, Once again Nifty had shown us the magic of the crucial support level of 17800, yesterday. As it made a low of 17818.40 and then had ultimately given us a closing of 17844.60 Well, as we had already mentioned that there’s a close fight going on between levels of 18170 and 17800. So, for now, an either side breakout or breakdown has become very necessary for the new trend identification. However, until then, continue being stock specific. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Nifty 20 Feb 23 to 24 FEB 23 Short ,Medium and Long TermNifty 20 Feb 23 to 24 FEB 23 Short ,Medium and Long Term Nifty closed at 17944 ( Prev close 17856) Neutral Strategy was given for Last two weeks and buy on dip for Medium Term & Long Term Investors for the past few weeks and to continue the same. Nifty touched a low of 17721 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. RSI and MACD are in positive zone but Stochastic is near to over bought zone. Nifty short term Nifty will be in range bound from 17700 to 18268 in short term and Nifty support at 17819(0.5 fib old) /17785(feb22 high) /17716. The support for the last weeks is from a inclined red color trend line shown in the chart apart from the previous high and Fibonnacci Supports mentioned above. Nifty Resistance will be at 17900/18000(Aug high) /18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) /18355(Jan22 High). Nifty will be range bound in medium term from 17300 to 18268. Like previous week, this support levels are shown in Green & Red thick Horizontal lines. Medium term target Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term. support at 17566/17435(dark red color horizontal line) /17355(new low) /17314 MA200. Long term Target 19500/20500 still in intact. In case if it falls below 17300, then next support is at 16800, which will act as major long term support.
NSE:NIFTY
by karthikss
Morning Mantra - 17th February 2023Dear All, Just as we had stated yesterday, about being very near to the level of 18170. Similarly, we did witness a high of 18134.75 in Nifty, yesterday itself. Also, finally today is the last trading day of this week, and it is indeed expected to be a crucial one. As so far, we have been fortunate enough to be witnessing a consistent closing of above 17800 for the past 4 trading days. Wherein, if we witness a closing of above 17800 even today, then our support level can be shifted from 17320 to 17800 in the upcoming week. So, altogether, today’s closing will play a very significant role in deciding a direction of Nifty’s momentum for the upcoming week. Whereas, in the meanwhile, continue being specific and keep following the Cherry Picking strategy. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
1
Morning Mantra - 16th February 2023Dear All, Finally we got to witness a beautiful breakout in Nifty, yesterday. Wherein, just as we have been repeatedly stating the level of 17800, similarly Nifty has shown us a beautiful and an expected bounce back therefrom. Furthermore, we are now very near to the level of 18170. Provided we keep witnessing a strong and a consistent closing of above 17800 throughout this week. Also, as per the current circumstances, we can see our support level of 17320 to be shifting to 17800 very soon. Above 18170, 18400 will be our next target. In the meanwhile, continue staying stock specific and keep following the Cherry Picking strategy. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 15th February 2023Dear All, Fortunately after yesterday’s trading session, we have once again witnessed a positive closing of 17929.85 from Nifty. Wherein, notably the index had taken a very beautiful support from our crucial stated level of 17800, yesterday. The same stated level of 17800, which is repeatedly playing a very significant role as a Resistance and a Support for quite some time now. Thereby, proving our notion to be absolutely on point, i.e., Resistance = Support = Resistance However, for now, we are still with our words that we need to witness a stable and a consistent closing of above 17800 for at least a week. As it is only then, that we may get a clear confirmation from Nifty regarding its decision to move towards the upper Resistance levels of 18170 and 18400. Besides, as per the current market momentum, the support level of 17320 now seems to be shifting to 17800. In the meanwhile, continue being stock specific and keep following the Cherry Picking strategy. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Perfect Candle Stopped by Perfect Resistance. As you can see in the chart. It was a perfect candle taking a perfect support near 17795 zone (Today's low 17800). From where it kept on going North until it was stopped by a perfect resistance of 50 days EMA which was at 17960 (High of the day was 17954.55). Those who doubt Technical analysis and say that these are just post mortem lines without any meaning should have a look at the chart and see the importance of Technical analysis. Also look at the trend line or Asymmetrical line resistance generating from recent high of Nifty at 18887.6 which stopped Nifty twice before once near 18703 on 14th December and once 18201 on 24th January. That line acted as a resistance today again and As Nifty was surging ahead and went upto 17954.55 brought it back to 17929. Also you can see the 50 days resistance at 17960 which pushed the Nifty down before it could can touch it as the Nifty ended the day near 17929. How to overcome these two important resistance? Ans: They can be overcome by a gap up opening. How can we get a gap up opening? There is US Inflation Data tonight . If the data is good we might get a gap up opening tomorrow and once Nifty sustains above 50 EMA and trend line resistance...We can see it go further and far.... Critical day tomorrow.
NSE:NIFTYLong
by Happy_Candles_Investment
Morning Mantra - 14th February 2023Dear All, Once again in the yesterday's trading session, we had got to witness how crucial the level of 17800 has become for Nifty. Wherein a strong Resistance is being faced at this level. As even yesterday, Nifty gave us a closing of 17770.90. So somehow Nifty seems to be struggling at around this level of 17800. Therefore, it has now become very important for the index to crossover and to sustain above this level of 17800 for at least week. As it is only then, that the probability of witnessing the levels of 18170 and 18400, will increase. Until then we can see that it’s a crucial fight between the Resistance and Support where Resistance = Support = Resistance So, in this volatility we must witness a positive and a stable closing of above 17800, which will be on our radar. In the meanwhile, stay stock specific and follow the Cherry Picking Strategy. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 13th February 2023Dear All, As we told you on last Monday, about witnessing the formation of a Piercing Pattern on the weekly chart of Nifty, which was somehow indicating a bounce back in the Market. Fortunately, thereafter, we did witness a beautiful weekly closing of above 17800 in Nifty. So for now, with the support of 17320, the level of 18170 will be our Resistance level once again. Furthermore, the impact of the budget and the quarterly results are somehow indicating that there’s a huge probability of witnessing a beautiful rebound in the Market once again, from this level of 17800 towards 18170 and 18400. So in the meanwhile, along with being stock specific, following the Cherry Picking strategy will be a good idea here. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Nifty Consolidating Between Strong Support and Strong ResistanceNifty on a weekly chart is consolidating between strong support and strong resistance with a positive bias starting to appear for medium to long term. Strongest support for Nifty is between the zone of 17352 and 17430 (50 Weeks EMA). Strong resistance zone for Spot Nifty is 17916 and 18027. However crossing 18027 is not enough for bulls to take charge of the market. Bulls will regain the control only after we get a closing above 18266. Bears can overpower the market if the level of 17352 is broken. Things are interestingly poised with Adani saga turning new leaves every day once the fizz of the matter settles completely we may see a proper trend emerge.
NSE:NIFTYLong
by Happy_Candles_Investment
Morning Mantra - 10th February 2023Dear All, Fortunately, we got to witness a closing of above 17800 for two consecutive days. This altogether, strengthens our expectations towards the level of 18170 for the near term. However, it will be suggested to keep patience for now, since today is the last trading day of this week. As, the weekly closing will somehow help us to understand the Market's momentum for the upcoming days. Furthermore, if the Index manages to give us a weekly closing of above 17800 today, then our support level will once again shift from 17320 to 17800, as we usually say that, support = resistance = support. So for now, continue being stock specific and wait and watch for today's closing. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 9th February, 2023Dear All, What a beautiful day it was yesterday, which seemed like a perfect “8 ke thaat”. Wherein Nifty had given a beautiful closing of above 17800. Just as we had stated in our weekly analysis on Monday itself, similarly, perfect Piercing Pattern on the weekly chart can push the index towards the level of 17800 and then further to 18170. Moreover, a contribution from all the sectors is somehow indicating a positive post budget impact on the Market, which may take the index towards the 18400 level in coming days. Also, in the meanwhile, following the Cherry picking strategy will be a good idea. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Top Down AnalysisThe idea here is about Nifty 50 Index : My view is Short term Neutral to Bearish (upcoming week) & then bullish for the below observed technical factors. Points as per TA observed on a Weekly, daily & Hourly Chart: Hourly Chart: 1. Bearish Crab Harmonic Pattern observed on a 1H & 4H chart. Target price & Stop Loss provided on chart as per below: 2. Ichimoku is Neutral to bearish since Chikou Span is below the price range & last trading hour was closed below the Senkou Span B: 3. Heikin Ashi, 1H before last closing session was indecisive, however the last hour closed on positive note, Pivots & 20 EMA are bearish since the last trading day was below the previous day closing as per below : Daily Chart: 4. Bearish NenStar Pattern observed on 1D chart. Target price & Stop Loss provided on chart as per below: 5. MACD is below signal line, with RSI @ 55.51 on daily chart with multiple divergences (MACD, MACD Histogram, RSI, VWMACD) as per below: 6. Raising wedge formation with over bought zone confirmation alongside RSI as per below: 7. Ichimoku in Strong buy since Chikou Span is above the price range & trading above Senkou Span A as per below : Weekly Chart: 8. Last week Candle almost ended as a tweezer top as per below: 9. A huge cup formation completed on weekly chart with Handle formation pending with Retracement support around 0.382 FIB with the least possibility according to the current trend as per below : 10. A 3 Drive harmonic pattern in formation observed, note since the market is on a strong trend have considered the retracement levels from 0.382(38.2%) to 0.5(50%) FIB with retracement targets & drive 3 targets on weekly chart as per below: 11. Ichimoku is currently under consolidation, however, the Chikou span is above the price range &trading above Senkou span A which is a strong bullish in long term as per below : 12. Wyckoff theory has a BOS (Break of Structure) since previous high on Oct 2021 & CHoCH(Change of Character) since Sept 2022, the CHoCH support is exactly @ 0.382 FIB on 3 Drive pattern & also a support on raising wedge bottom, with multiple divergence observed (MACD Histogram, RSI, MOM: Momentum, MFI: Money Flow Index). Therefore, 18096 target gets a multiple validations as per below: 13. Additional information: OI (Open Interest) max build for options expiring 15th Dec is around 18,600 for both CE & PE and Max PE is around 18000. NOTE: 14th Dec FOMC meeting outcome will also be a factor to be considered. Targets & Stop Loss provided in chart and screens for different time frames. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice (Non SEBI registered). So, please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & subscribe for more analysis. The more boost & comments further more motivation for publishing. Let the Trading community & family know about your opinion with comments. Cheers.
NSE:NIFTY
by Tron029
Morning Mantra - 8th February, 2023Dear All, Just as we had stated yesterday, similarly we did witness some selling pressure in the Market yesterday itself. Wherein, once again even after making a high of 17811.15 in the initial Market hours yesterday, Nifty failed to sustain above its stated Resistance level of 17800 and ultimately gave a closing of 17721.50 Therefore, we can observe the importance of the 17800 level. Just as strong as it was as a level of support earlier, similarly it is now proving to be a strong level of Resistance for the Market. Besides, with the support level of 17320 we are still hopeful. Moreover, this may be due to the Results season and post budget effect that Nifty seems to be confused once again. So, having a little patience will be beneficial for now. Until the time Nifty decides its direction towards either a breakdown of 17320 level or a cross over of above 17800. So, in the meantime, continue being stock specific. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Nifty 06 Feb 23 to 10 FEB 23 Short ,Medium and Long TermNifty 06 Feb 23 to 10 FEB 23 Short ,Medium and Long Term Nifty closed at 17854 ( Prev close 17604) Short Call was given temporarily ast week. Nifty touched a low of 17355 broken the 17435 support and sustained above MA 200- 17290 Level. Accumulate on dips was provided with Support mentioned above and it worked as well. It was a buying opportunity at that level. Market was highly volatile last week due to budget announcement and Adani stocks crash. As expected and mentioned in previous week, the Capital Expenditure was focussed in the budget with consecutive 3rd year with 30% increase in Capital expenditure. By announcing new Tax Regime, more freehand was provided to tax payers in chossing their investment. Overall its a growth oriented budget before the next year election. Insurance Sector investment to face severe pressure in the coming days and will consolidate as Section 80C importance is slowly getting vanished. Rather common man likely to invest more in equities ( through SIPs). Short Term Strategy is Neutral Nifty short term Index crossed crucial 17800 level and trading at 17854. Investore can accumulate the good stocks and buy nifty / next 50 /Nifty Bank Index / Stocks slowly on dips with support provided below. Nifty support at 17819(0.5 fib old) /17785(feb22 high) /17716/17566/17435(dark red color horizontal line) /17355(new low) /17300 MA200. Nifty Resistance will be at 17900/18000(Aug high) /18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) /18355(Jan22 High) Nifty will be range bound from 17300 to 18265. Like last week, this support levels are shown in Green & Red thick Horizontal lines. Nifty need to break decisively above 18268 to reach 18800-18900 in short term. Medium term target Medium term target is 18900 In case if it falls below 17300, then next support is at 16800, which will act as major support. Long term Target 19500/20500 still in intact.
NSE:NIFTY
by karthikss
Medium to Long term Target for Nifty around 19,000. Strong closing on Friday and a good budget have increased the hopes of a post budget rally in Nifty investors are hoping that the worst of Hindenburg-Adani Saga is behind us and the momentum gained on Friday can continue further. In any case in the medium to Long term target of Nifty is Point B shown in the chart which is around 18800 and 19,000. How Nifty reaches there is the point. Either we will see Nifty take the route of point A to point B directly or we may see further consolidation and Nifty might go from A to C first and then it may go from point C to point B. The routes are purely based on assumption and mathematical models which might not be very accurate. The purpose of chart is to provide education. The time when Nifty will reach point B can’t be estimated accurately as there are many unknown factors and surprise elements at play. One important deduction, 17386 is a major support for Nifty which should not be taken down on weekly closing. If 17386 is broken the trend will become negative.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty swing trading strategyHow to trade from now? Nifty Buying only = above 18106. Nifty Selling only = below 18063. It's the analysis with paid atm machine indicator on hourly chart. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺
NSE:NIFTYShort
by OhoTrading
2