Nice setup for NIFTY.Market momentum is back for the time being as NIFTY has sustained above 16400-16495 zone which was a strong resistance. On Monday the market closed at 16664.1 which is just below another strong resistance zone of 16690 to 16753. Crossing this zone, we can see a rally up to 16900-17300 zone.
Resistance levels: 16690, 16753, 16959, 17100 and finally if the momentum sustains we can arrive up to the mega resistance of 17385.
Support Levels: 16500, 16219, 15913. The range between 15886 to 15700 is a mega support zone.
Niftyindia
Nifty view for 31/05/22.Nifty has created a gap and in second half consolidated above 16600.
Market were strong and remained in green the whole day.
On 15 minute analysis, it has respected the support of 20 ema.
Support :- 16600, 16480
Resistance :- 16700, 16800
Market has been given a nice movement initially even after the gap up.
Wait and watch the price action near the levels before trading the market.
Market Outlook 30th May to 3rd June 2022. Market has given strong push with thrust upwards towards end of this week. The rally if sustains above 16400-16495 zone will push momentum in favor of Bulls and Market can continue rally in coming week or weeks towards 16700 and above. The important level to hold and cross for Nifty would be 16400.
The Support Zones: 16219, 16026, 15913 and finally 15766. Below 15766 bears will have full control of the market.
The Resistance Zones: 16400, 16489, 16692 and 16754 will be a major resistance. Above 16754 we can see the rally consolidate towards 16900 and 17300 levels.
NIFTY approaching Sell Zone, if it breaks next target 16484 lvlNIFTY has taken a strong support and inching towards the Sell zone from 16387 to 16412.
If it breaks this levels next target is 16484 lvl and it it is able to break this level of 16484, then there would be huge & quick upward rally to fill up the gap between 16484 - 16624 made during the starting of May 2022.
NIFTY || 27th May 2022 || Falcon Trader || Daily AnalysisNIFTY 50, BOUNCED OFF from the levels as mentioned on the post related to 26th May 2022. We are seeing some bullish momentum to break 16400 levels. Once this level is taken we can even test 16600 levels.
After this is over, we will again fall down to make new lows.
Next levels to watch,
* Break of 16200 levels
* Break and test of 16400 levels
Downside?
Only if US markets are down we will see some low levels but for 27th May 2022 we are headed upwards
16400 is too hot right now to cross. After multiple occasions and multiple tries still NIFTY is not able to hold above 16400 level. Any positive move towards 16768 or 17391 will happen only if the levels of 16400 and 16492 are crossed on a daily closing. Support and resistance levels are as under:
Resistance levels: 16400, 16492, 16664 and finally the mega resistance zone of 16778-16916 zone.
Support Levels: 16198, 16131, 16000. The range between 15886 to 15700 is a mega support zone.
Nifty Intraday Trade Setup for 23rd May 22 (Trading Idea)Let me know if you have any questions in the comment
Be active on this post to see my live positions and Trade
Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas
The chart is for study purposes only!!
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Nifty Analysis/Prediction for Monday 23-05-2022NSE:NIFTY Analysis/Prediction for Monday 23-05-2022
For flat Opening
🟢 Buy CE, If price closes above 16300
👉 Target-1 should be 16400
👉 Target-2 should be 16600
🔴 Buy PE, if price closes Below 16070
👉 Target should be 15700
For Gap-Up Strategy
🟢 Buy CE, If price closes above 16400
👉 Target should be 16600
🔴 Buy PE, if price closes Below 16250
👉 Target should be 16110
For Gap-Down Strategy
🟢 Avoid CE
🔴 Buy PE Near 16050
👉 Target should be 15700
If price sustain below 15700 can see the fall till 15050.
NIfty 16260 say trendline breakout on future, RSI and MFI. Hold / add hedged longs above 16250, breakout on price, RSI and MFI too. Significant improvement in breadth too.
There may not be sharp up move on fuel price cut and other inflation control measures, but high probability it will strengthen Auto stocks further. Keep an eye on that space.
Hedged positions only, Friday low strict stop loss even for hedged positions.
Nifty Analysis/Prediction for Upcoming Week 23-27 May-2022NSE:NIFTY
Analysis for Upcoming Week
Creating Reversal Pattern "W"
16400 is Breakout Level If 1 hour candle closes above 16400,
You can buy one lot of monthly Call Option till 16800 with the Stop Loss of 16340.
Note : The analysis is only for educational purpose, please consult you financial adviser before taking any trade.
Nifty Analysis/Prediction for tomorrow 20-05-2022 (Friday)NSE:NIFTY
For flat Opening
🟢 Avoid CE
🔴 Buy PE, if price closes Below 15730
👉 Target should be 15550
For Gap-Up Strategy (below 16320)
🟢 Buy CE, If price closes above 15920
👉 Target should be 16020
🔴 Buy PE, if price closes Below 15775
👉 Target should be 15550
For Gap-Down Strategy (Below 15700)
🟢🔴 Avoid Trading
What to expect from this fall - NIFTY50 (Indian index)After today's gap down nifty back to range of 16000 resistance and 15650 support zone
Day trader will look to trade between this range on 400-500 pts.
15880-15850 to 15760-1730 will be the mid short range
Reversal can be considered only when the 100 Ema on hourly chart will be crossed and closed above (as per my analysis)
Will update further levels of the price goes beyond given levels
Share your opinion views in comment and if you like me to review any of your stock send the names in comment
NIFTY lost momentum fell from 16.4K to 16.24K. Signals weakness.NIFTY Strongly rejected the levels of 16400 days high and ended close to 160 points lower. This is a bad sign for the short term. As the rally could not sustain and lost steam and momentum is gone bottom will be tested again. It will be difficult for NIFTY to hold 16K levels tomorrow. If NIFTY hold 16K levels by the end of the day tomorrow. There will be a positive momentum back in the favor of bulls and Friday or Next week Nifty will try to push forward again. However if 16000 level is broken the pressure will be on 15800 to hold the ground. If 15800 level will be lost we will see 15.5K or even 15/14.8K on NIFTY. So tomorrow will be a very critical day.
Although lot of new investors would not have seen such volatility those who have seen lot of Bull and Bear markets will tell you that at the bottom and at the top such volatility is common. It is only through this churn that NIFTY will identify a firm bottom / a firm foundation for the next bull run.
Short Term View: Neutral to Bearish (14800 to 16700).
Medium Term View: Neutral (14800 to 17600).
Long Term target (2022 Oct-Nov to 2023 January-March) = 19.3K+
Nifty Analysis/Prediction for Expiry Day 19-05-2022 (Thursday)NSE:NIFTY
For flat Opening
🟢 Buy CE, if price closes above 16320
👉 Target should be 16403,16480
🔴 Buy PE, if price closes Below 16220
👉 Target should be 16130
For Gap-Up Strategy (below 16320)
🟢 Buy CE, Near 16260
👉 Target should be 16403,16480
🔴 Avoid PE
For Gap-Down Strategy (Below 16225)
🟢 Buy CE, Near 16125
🔴 Buy PE, If price closes 16120 (with less QTY)
👉 Target will be 16000
solid Consolidation of NIFTY going on. Since last three days Nifty has taken solid support at near 15800 levels. However the levels of 15900 has been proving to be a tough level to conquer. The downward channel started since April end on hourly chart will be broken if the Nifty is able to sustain above the levels of 15900+ and go towards 16K. Supports and resistances on the way are as under:
Support Levels on the lower side are: 15800, 15734, 15507.
Resistance levels on upper side are : 15967, 16080, 16144, 16373 and very strong resistances at 16478 and 16761.
Support breached but where would carnage stop on Nifty? Nifty finally breached 7 months old downside channel towards south which indicates more furious sell-off in coming weeks. Since last few weeks, 15900 was acting as a strong support on the indices but on Friday we have closed below the support indicating more weakness. So were would this carnage end for the bulls? The market always of probabilities in answer and so I have this time too. Checking on Elliot wave, I feel we are into corrective wave C which could end now either at 15450 (considering Wave A=Wave C) or at 14800 (considering Wave C= 123.6% of Wave A). Though chances of taking support at 15450 are little bit brighter because it coincides with other EW guideline which states that corrective WAVE shouldn't trade below motive wave 1's high which is 15431. Please note that its just a guideline and Nifty could even test the second possibility so trade accordingly.
P.S. Sell on rise still considerable for short term traders with SL at 16500.
Market Outlook 16th to 20th May 2022.Nifty opened gap up today at 15977 just short of 16K. Went on to make a high of 16083 but could not sustain the levels amongst the selling pressure and ended negative at 15782. This indicates there is excessive fear in the market and selling pressure on every rise. The market mood index MMI measure of Excessive fear, fear, greed and excessive greed indicates that we are in the excessive fear zone. Buying during these times may create wealth for long term investors. The support and the Resistance zones are as under:
The Support Zones: 15734, 15671, 15507 (This is the final support, Nifty breaking that is highly unlikely but below these levels we can see a free fall to 15052 to 14484).
The Resistance Zones: 16083, 16235, 16484, 16819 and 16964.
Positive divergence in Nifty on hourly charts.There is a Positive divergence on NIFTY hourly chart which can take NIFTY to close in green tomorrow if it is able to cross the important resistance of 16202.
Other support and resistances are:
Supports: 16161, 15994 and 15902 and 15820.
Resistances: 16202, 16216, 16279, 16320 and 16402.
Mid Week Nifty trying to form a bottom. Very week close for NIFTY this afternoon. Nifty was not able to sustain 16400 levels Nifty ended the day at 16249. Market is slowly going right into the hand of bears. Unless there is some very positive news it looks like market will stay range bound or negative. Unless it has formed a bottom which looks likely near 16100-16130 range.
Important Resistance levels will be: 16424, 16639 and 16847.
Important Support Levels: 16130, 15994 and 15671.