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Niftyanalysis

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.☺
NShort
by AIATMMACHINE
2
Most choppy Day of The Year and where it can lead usWe saw one of the most choppy day of the year 2023 and it has brought us to a junction from where NIFTY can go either side the resistances on the upper side will be 17733, 17780, 17933 and finally 17982. Supports for Nifty will be near 17550, 17505, 17407 and final support of 17353. Nifty strongly rejected the level of 17353 and shot upwards although closed in Red (Negative) but this gives hope to investors that 'Hammer candle' formed during the penultimate hour of trade yesterday can turn things around. with US Fed Rate hike in expected lines IT will try to push the Nifty up. We all know what is pushing the Nifty downwards.
N
by Happy_Candles_Investment
Good Closing by Market but can it continue the momentum?Market did well by closing above the 200 days at 17648 which is well above 200 days Moving average at 17551. Now 17551 will be a major support going forward in addition to 17405 which was today's low. The resistances for Spot Nity are going to be 17710, 17880 and finally 17978 before it reaches a very difficult resistance to cross at 18055. If tomorrow we end in Green and if there is no negative news in the budget market can surprise the bears with a sharp rally towards 18400 or even 18800. Keeping my fingers crossed.
NLong
by Happy_Candles_Investment
NIFTY 50 - Sell on RiseThis week started with a gap down opening at 17541 vs Friday close at 17604. Made low at 17405, though did not sustain at lows, moved up and closed near the day's high at 17648. The previous support that nifty broke on Friday is going to act as immediate resistance Currently, nifty50 looks like sell on the rise Notice price action in the resistance zone and any weak price action would be an opportunity to create short trades. Trade at your own risk
NShort
by manuagarwal21
Nifty buying or selling?How 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.☺
NShort
by AIATMMACHINE
Nifty 30 Jan 23 to 3 FEB 23 Short ,Medium and Long TermNifty 30 Jan 23 to 3 FEB 23 Short ,Medium and Long Term Nifty closed at 17605 ( Prev close 18057) Nifty in Deep Red Zone due to Hindenberg report Adani Stocks befor FPO and budget. Q3 Results didnt entralled the investors to the expectation so far, except Banking sector results. Banking sector posted good performance(results) as mentioned in last 2 weeks analysis but the bank index didnt moved much due to the Indian Market Slow down worry. Expect infra push continues in budget. Currently market is eagerly waiting for budget to prevent any deep fall. Wait for the market to dip to the support levels mentioned below. Overall Strategy: Negative till budget & accumulate on dips w.r.t the strict support level given below. Long Term looks attractive. Market may fall from 2-4 % from current level Nifty short term Nifty was following range bound action for the last month as specified despite budget expectation. Due to the Adani report, market fell down 2.2 % last week. If it breaks below 17435 (Oct22 High Shown in dark Red line) then next support will be 17290 ( MA 200) / 17000. Index will be in broader range with high volatality 17250- 17800 till budget. Investors can Partial profit booking (30%) stocks can be initiated and add value stocks for Long Term when market dips to the above support level. Medium term target 18250 followed by 18900 is achievable as overall macro economic data is good and now purely depends on the push to be given by budget. If the budget is not meeting the expectation then the Market Range will be 16750 ( Sep 22 low) - 18250 levels. Long term target 19500 still in intact. Nifty Bank Index is continuing under oversold zone, Adani stocks exposed stocks like SBI, ICICI, LIC will be consolidating little and opportunity to buy. other bank Stocks like Axis Bank, Kotak Bank, Ujjvan Small Fin bank and BOB looks promising. If nifty moves towards 19500, Nifty Bank will definitely might move to 46500 level from current 42506 little better % than nifty . sectors like Defence, Infra stocks will be concentrated in budget especially HAL, BDL, Ircon, PNC Infra are good to buy on dips ( 5-10% Correction) incase market fall. Auto looks promising - Maruti, M&M , Tata Motors are good to buy. Other stocks - Bajaj Finance ( 5-10% Correction), Infosys, Hind Unilever, Tata Elxsi, KPIT looks promising. Buy on Dips.
NShort
by karthikss