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Niftyindia

Stance of US FED and Rising COVID19 cases spoil the 18K party.17655 proved to be a good support for NIFTY today amidst aggressive posture by US Fed which sent traders across the globe booking profit. Global markets have tanked FIIs sold today but DII continued there buying from lower levels. Current support zone of 17661 below this level the support is near 17656 and 17593. Below these levels 17492 and 50 EMA which is at 17402 will be support. Resistance on the up side will be 17797 (today's peak) and 17834. Above this level recent of 17944 will test and try to stop upward movement of NIFTY regaining 18K levels.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY - Next week Analysis🔴DISCLAIMER ***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ****** Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout) After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
NSE:NIFTYLong
by PrakWorld_Traders
Weekly nifty analysis!Waiting for Nifty to break out this week for taking fresh long positions. It has been resisted multiple times and has created a trendline. A strong breakout will lead to continuation of the bull run. While bank nifty has already given breakout, hoping nifty does the same. The down move from the all time high, is just a retracement when looked on a higher timeframe. It has tested the important 38.2% fibo line but could not break it. Hence, a continuation of upward movement is expected. Important levels for the upcoming week: Resistance at: 17665 17750 17860 Support at: 17320 17150 16928
NSE:NIFTYLong
by AM_Tradepicks
NIFTY review 10122021NSE:NIFTY After a good start in first 10-15 minutes nifty did not manage to make any new high in the morning session today and we have see some selling in first 2-3 hours of the day but in second session we have see good bounce back in nifty after taking a good support of 21EMA on 1H chart. which again indicates bulls have given good efforts to pushed the market up. But if you can see daily chart todays candle is inside candle for previous day's range and NIFTY did not manages to break previous days high which becomes sign of weakness on daily chart. which may lead nifty to show some retracement (Selling ) on smaller TF before making further up move on daily chart. Also, in respect to Positional traders we have strong resistance level of 17600 to consider change of trend on daily chart.
NSE:NIFTY
by PriceVolumeRider
NIFTY become bullish or should we waitNSE:NIFTY On NIFTY spot's 1h chart we did see good selling in first one hour of today's trading session and we were also seeing expected follow through on next 1h candle but bulls did give there best efforts to push the market up. After seeing good selling in first one hour of todays trading session test of yesterday's gap was expected but we see good bounce from the level of 17380 in today's trading session after testing midpoint of yesterday, which is now indicates that bulls are griping up in market again. Second positive sign of todays trading session is that we have seen NIFTY managing to give closing above the level of 17490 which was good resistance area we have seen in recent past. Also, on 1H chart we are seeing nifty is sustaining above the same level now. Overall Nifty is now looking good for longs in respect to positional traders but frankly speaking I am personally prefer to wait for breakout of 17600 level on daily chart. hari om thanks!!!! 🙂🙂
NSE:NIFTYLong
by PriceVolumeRider