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Nifty Intraday Update for 19th April 22Nifty 50 Index started the week on a negative note, in continuation of the prevailing correction phase. After a 280 points gap-down opening (slightly below the ABCD target of 17218) amid weak global cues and lower than expected results from heavyweights like Infosys and HDFC Bank, the Index continued to trade with a negative bias before recovering some of the losses towards the second half, taking a bounce from hourly support. The index is now back to the range of 17000-17450, where it was stuck for 2-3 weeks during last month. The global cues as well as the outcome of Q4 earnings will continue to add volatility in the coming sessions. Hence, one should remain cautious during the intraday. India 50 USD Index Analysis Higher Time Frame (4H): The Index has formed a XABCD pattern and has given an indication of a correction of its downward impulse which started from 17920 levels, taking a bounce from its PRZ level. This level has acted as good support in previous instances as well during last month. A half-bat pattern is formed at 17500 levels which also happens to be the major previous swing high and is an important resistance. Price breaking and sustaining this level can give a good upward momentum, confirming the trend reversal. Intraday =========== Lower Time Frame (1H): Having identified a potential reversal in the higher time frame, we will now drill down into the lower time frame to identify more precise levels for intraday. The index has given a good closing, breaking the downward trendline resistance, and is likely to face its next resistance at 17340, and the day low of 17100 is expected to act as good support (PRZ Levels as per XABCD). We are likely to see a range-bound market if either of the levels is not broken.
ILong
by CodeViser
4
Market Outlook 18th April to 22nd April 2022. Market took a support at 17442 on Tuesday last week and the support is not broken in the curtailed week that we had. It remains to be seen if market can hold the support in the coming week. If the support is broken the market can further fall to 17336 and 17303 levels. In the worst case scenario, we can see 17032 levels. If 17032 will be broken the Bears will take over the market. If 17442 holds for now we can see Nifty testing and trying to break the resistances at 17676, 17822 and 18109 levels. Inflation and disrupted supply chain due to war is still putting pressure on growth targets of the companies as we are beginning the Q4 result season.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Outlook for the week 11th April to 15th April 2022.Market took a support at 17600 on Friday breaking a three-day correction after a massive run which took Nifty from the levels of 15671 to 18095. Nifty ended at 17784 which is just below two important resistances of 17855 and 17931. If it is able to cross these two resistances and is able to consolidate above 18,000 levels, we may see a new high on Nifty within few weeks or months. Supports on the lower side for NIFTY are 17600, 17364, 17271 and 17008. Resistances on the upper side are 17855, 17931, 18114 and 18263.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY 50 Trend AnalysisScenario 1 The chart pattern looks like a descending broadening wedge which is a bullish continuation pattern. I am expecting bottom to be around 15000-15300 levels if the above mentioned pattern plays out. For more confluence to my idea, you can check volatility index and dollar index linked below. VIX is at reversal point with bullish divergence in RSI and DXY was long posted but still following what I mentioned then. Now it is about to break out of the bull flag and head higher. Both these will add more bearish pressure to stocks. Death Cross is also likely to play out in couple of days, which is also highly bearish. Scenario 2 If 16800 level will provide support then reverse H&S pattern will play out. Scenario 2 is more likely because most of the stocks already bottomed out and will make higher low for bullish continuation. Will see what happens. Peace!!
NSE:NIFTYShort
by Swastik24
Nifty : Daily AnalysisAfter yesterday's BIG move due to HDFC Twinc now Nifty need to be cool down to go more. Currenlty, Nifty is trading in triangle patter. its verymuch imporatant for Nifty to corss yesterday's high and sustain. currently it is forming double top patter on 15 min time frame. Down side 17900 is very much important support zone for Nifty. if nifty sustain and not cross it, we may see 18340 - 18500 and 19220 possible by April end. If not sustain & break may go 17730 Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:NIFTY
by ChartsSpecialist
NIFTY Outlook for the coming week i.e. 4th to 8th April 2022.Market has shown immense strength this week closing at 17670 which is more than 3.02% from last week. Nifty is now headed strongly into a resistance zone and we might witness a clash between bulls and bears the coming week. The strong resistance zones will be 17709, 17819 and 17951. If Nifty has a massive continued bull run in less likely circumstances, it can reach 18030 and regain 18K+ levels in case the bulls have a field day or a week. However, this looks unlikely as of now. In case bears prevail the support levels will be near 17551, 17440, 17250 and 17008 in case the bears have a decent outing. FIIs are in buying mode and tailwinds look positive as of now unless we have some negative development in the weekend.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY : Analysis for 22nd MarNifty traded as per our yesterdays levels today its traded between one range and taking support & resistance accordingly. once we can see bullish candle near support or Bearish candle near resistance we may enter with small SL. You can study at your side before entering in trade. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing
NSE:NIFTY
by ChartsSpecialist
NIFTY viewNifty currently bullish and started it's retracement move. Expecting it to fill all the gaps created in the previous week. If we draw a fibo, we can see the 16360 point to be somewhat near to 61.8% level. and it will be a good chance to bounce back from that zone. Expecting a pullback or bearish side move this week which will be followed by a bullish move to newer highs. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NSE:NIFTY
by simple_trader2022
After eventful day, Nifty is still look bearish1. Nifty is trading in descending channel, it had almost touched the upper trendline but short covering happened when it went near that trajectory, same level represents resistance zone at 16800. 2. I often use Bollinger Band to asses the pick and the bottom of Nifty on daily time frame, where I observed constant rejection from mid-line of Bollinger band, somehow it is not going above it. 3. Nifty has retraced 50% from the high of 2nd feb. as long as it is below 16800, it is difficult to stay long in the index. expecting index to retest 16400 and 16200 levels again. Excited for tomorrow to see where the nifty weekly candle gets close.
NSE:NIFTY1!
by OK_Rane