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Niftyindia

NIFTY Weekly Analysis: 26th June. SHORT before LONG!Hi Traders/Investors, I see NIFTY on Friday 26th 2022, couldn't close above 21st June's High price of 15707 and secondly it closed below 15700. I know DOW and S&P500 both closed well in green with more than 2.6 - 3% on Upside. But when I see NIFTY chart and Open Interest in the system, there are lot more Calls in system than Puts. Also, if I see FII data they sold more than 2000crores on Friday as well. So, my trade for next week would continue to be on the downside, I don't see Bullish signs yet in NIFTY as NIFTY gave close to half it gains from High it made on Friday. This might sound like a contrarian view against general views, but often markets do quite the opposite of what masses think. I hope I'm wrong but if I'm right you'll thank me later! :) So, the two trendlines which you see in the chart, I'm expecting if market opens flat and then the red trendline break out on good volume on upside, I might add some LONGs. BUT, if its a big Gap-up opening, I might add SHORTs at 16000 and 16200 levels. Remember these are positional calls and not Intraday. Please take positions at your own risks and these are not Buy/Sell recommendation but my personal view on markets. Regards, Anshul
NSE:NIFTYShort
by simplyansh
Medium Term Market (Nifty) Outlook. Nifty confirmed support at 15180-191 range and pushed ahead. Time will tell if this is a temporary or permanent support but for now a closing on Friday above 15650 levels is a good sign for now. Closing above near term resistance of 15750 would have been even better but current closing is also not bad. Support and resistances in the near term are as under: Nifty Resistances: 15750, 15880, 16030 and finally 16174. Closing above 16174 can further strengthen Nifty and send it towards 16400 and finally 16785 in the short to medium term. Nifty Supports: Supports for Nifty can be seen near 15622, 15500, 15368 and finally 15182. Below 15182 only major support is near 15050. Below 15050 we can see a free fall towards 14500/14300 or even 13700-800 levels in very unlikely circumstances.
NSE:NIFTYLong
by Happy_Candles_Investment
#Nifty || 23rd June 2022 || Falcon Trader || Daily Analysis On 22nd June we were expecting wave b of Falcon Wave and it was perfect. But is that finished? We also tried to use Elliott Wave but looks like that was not impulse as wave 4 went below 61.8% However we were expecting wave b of Falcon wave and it can go down to 15300 levels. For today, I will wait and watch SGXNIFTY looks stable There is possible momentum for upside as Falcon Waves C is pending but todays price action will determine next week's price action Thursday is tricky... and we can win if we follow basic rules. Always use risk management - use stop loss - think before you act - act before you think Top things to keep in mind: 1. We have to go up one last time, but this is not reversal zone (in 1H) - a small dip to 15300 is possible How can I plan reversal: 1. You can use RSI crossover 2. You can wait for one green candle closing above previous red candle
NSE:NIFTYLong
by Falcon_Trader_1
Nifty50 is in Strong Downtrend momentumNifty50 is in strong Downside momentum 1. Nifty50 is forming lower high pattern which indicates market is in downtrend 2. ADX shows the short-term uptrend is weak and its show the maximum strength in downside 3. RSI is in oversold region; RSI will rebound, and Fall after Nifty reaches 15890 4. I am expecting a rejection over above 15886 level and then Nifty will create a new lower high as shown in the above chart 5. Usually in Downtrend market there will be short rally but in every short-term rally there will be huge selling Finally, 1.Traders please focus on capital protection rather than making profits as this market is highly volatile and sideway we need a proper confirmation in the nifty50 chart for further move so wait till nifty reaches above 15886. 2. Reduce your trading activity and wait for confirmation Personal Advice: {if you see any rally in the market try to take short position as uptrend is very weak} See you guys on other technical analysis idea Thank you for spending your valuable time over here Guys if you want to ask any question and doubts ask in the comments section below - Varun Raja V.K Disclaimer Above said points are my opinion and thoughts and its only for Educational Purpose I am Not an SEBI registered advisor so consult your SEBI registered advisor before doing anything
NSE:NIFTYShort
by VarunRajaVK
4
Nifty Forming a temporary base? Or start of new bullish phase?Market is trying to form a bottom or at least a temporary bottom near 15184 levels. Crossing 15676 is the key. If this level is crossed the next resistance will be near 15887. Crossing 15887 will open the doors for 16300, 16796 and if all goes well 17300 levels. On the down side if 15184 is broken the only support will be at 15050. Falling below 15050 will unleash the bears and we can see the NIFTY fall to 14700 or lower levels.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY shied away touching SELLZone, still looks weak on Daily TFNSE:NIFTY NIFTY made a pretty good Directional move on the UPSIDE. It touched 15700 and from there some selling came in. It almost reached our SELL Zone which is still intact. NIFTY might face huge resistance in this Sell Zone between 15730 - 15950 levels, specially at 15887 level from where the last big fall came in. On Downside, 15460 level is a major Support and if it breaks next level on downside would be 15157 levels.
NSE:NIFTY
by simplyansh
Nifty hovering around critical support of 15050.Holding 15050 will be very critical for Nifty 50 in order to not fall totally into the bear grip. Not that Nifty isn't in bear grip already but falling below 15050 will be indication of real weakness which can take Nifty searching for supports which might be available only near 200 weeks EMA or there about. Critical Support Zone for Nifty or (Reversal zone 1) can be 15180 and 15050. Closing below 15050 would mean that critical support has been broken. Further Strong supports thereafter will be: 14692(Reversal Zone 2), 14356, 13945 and finally 200 Weeks EMA at 13767. (Reversal Zone 3). Once there is a strong reversal the resistances will be: 15949, 16529, 16912 and finally 17308. Whenever the next bull-run starts the new top will be around 20203. (Medium to long term out-look is still very positive).
NSE:NIFTY
by Happy_Candles_Investment
#Nifty || 17th June 2022 || Falcon Trader || Daily AnalysisStory time, I knew FOMC meeting will happen, 75BPS is priced in, but I was not carrying any positions. Before mega event it is better to avoid holding positions as it will never help. Market opened gap up and stop loss of many triggered, and people who were writing puts squared off and so on. Followed by massive call writing and sharp selling leading to wave 5th formation. Thus completing our story of wave 5th of 3rd. Now I think price should go up in 3 waves ABC format for wave 4. Tricky but sweet and people who were late at shorting will learn a lesson. Having said that, I myself made few mistakes and had to close my positions and open new ones. Falcon has speed and can fast trade and switch sides. Hope this chart helps. Like and follow for more analysis daily. Once we touch 15900 levels, we can plan to short again... till 14K levels and beyond. Time will tell, lets focus on one day at a time
NSE:NIFTY
by Falcon_Trader_1
#Nifty || 14th June 2022 || Falcon Trader || Daily Analysis We are moving as per plan. A complete Falcon Wave count was shared in 13th June Analysis post - link below. Now we move up in a very short term relief, the perfect trading will require you to trade in the direction of trend which should be bearish at the moment, meaning look for shorts only. Small target around 15900 levels, followed by continued massive downward pressure. This should last till 15K levels before we get some relief. Main support zones which will be destroyed as price will pierce through them will be 15700 and then 15300 - while bulls will order samosa today, but later they will become samosa vendor (pun intended) when the price will rock bottom as bears will continue to attack. Don't forget the updated Game Chart where I discuss how we have entered Hell Fire which has a price magnet attached - this means more pain for people who were thinking of moon. Let the summer finish first. Now only Falcon can help you to take the speed ... If you like my analysis and charts then don't forget to hit the like button. Share more - show some love!
NSE:NIFTY
by Falcon_Trader_1
Nifty in search of bottom. NIFTY is in search of Bottom which might be around current zone to 15590. if 15590 is broken we may be heading for a sub 15K bottom near 14779 range. 14779 can provide a very strong support on the lower side and on the upper side now 15900, 16200 and 16400 will be strong resistances. Short covering that might come after bottom formation will be very fast and ruthless. Global sentiments are week and some positive news on Crude / War / Inflation and stability in Supply chains will only help the market settle down and release the panic valve. Markets are falling in line with international indices falling. India in a long run is set to benefit from scheme on things. Short term out look is negative but long term outlook on India still remains bullish.
NSE:NIFTY
by Happy_Candles_Investment
Nifty view for 10/06/22Nifty was in a good up move in the secomd half of the day ans closed above 16400. It almost touched 16500 levels and closed near by. It has given a nice bullish daily candle and above its 20 DMA. On 15 minute analysis, it took a nice support from its 20 ema and closed bear its Resisitance level of 16480. Support :- 16370, 16320 Resistance :- 16480, 16560 Market has been given a nice movement and can remain in green. Wait and watch the price action near the levels before trading the market.
NSE:NIFTY
by Mambotrade
NIFTY FOR TOMMOROW - 8 June 2022Nifty opens slightly gap @ 16474 vs yesterday's close at 16416. Nifty saw a sell-off initially in the first hour, though took support at the levels . Nifty bounced sharply from the support levels ( 16340) Nifty then took resistance at day's high, saw a selloff from there, and closed near day's low. The nifty structure still looks weak and the sell-off can extend further if it breaks 16340 decisively. Nifty Support and resistance for tomorrow Support at 16000-15800 Resistance at 16476- 16480
NSE:NIFTY
by manuagarwal21
Weekly NIFTY Outlook From 06th June to 10th June 2022After struggling to cross 50 EMA resistance Nifty on Friday crossed it finally and the momentum helped it to cross 200 days EMA too. But the joy was short lived and 200 days pushed NIFTY downwards so hard that end of Friday the indices where reeling under both 200 and 50 EMA as you can see in the chart. Now NIFTY will look to find a support again. Only after finding a proper support, Nifty will rise again and try to conquer both 50 and 200 EMA Resistances which are close to one another and a formidable resistance to conquer. The Support Zones: 16531, 16442, 16228, 16086, 15904 (Very strong support) and finally 15756. Below 15756 bears will have full control of the market. The Resistance Zones: 16674, 16746 (Very strong resistance), 16793 and finally 16951. Above 167953 we can see the rally consolidate towards 17300 levels.
NSE:NIFTY
by Happy_Candles_Investment
BULLs In-charge: NIFTY formed BULLISH ENGULFING pattern on DailyNIFTY today formed almost a Bullish Engulfing candlestick pattern on Daily charts. Today's candle is more like Bullish Marubozu which suggests strong Bullish momentum. BULLS are in complete charge of the market and looks like there is a Buy on every small Dip. Now, BULLS have to break above a crucial resistance between 16665 - 16700 levels, if its able to break above it then next Target would be 16900 levels. On Downside, NIFTY can take support from 16400 - 16490 levels, if that is broken then on downside we can see NIFTY levels of 16200.
NSE:NIFTYLong
by simplyansh