Nifty Updates for Next week - 20th to 27th May 2022Nifty 50 Index crashed sharply on Thursday and lost over 2.6%, on the back of weak global cues. This was a sentiment-based fall led by the meltdown in the US markets, on the fear of aggressive rate hikes. Heavy selling was in the index majors across sectors wherein IT and metal majors were among the top losers. The index has once again completely reversed the recent gains and closed near March lows, forming a strong base around 15,650 levels (‘Triple Bottom’). On can look at the declining market as descending steps with the base of the step acting as a support, and we are currently at once such a strong base.
The index has been in a downtrend since April (making Lower Lows and highs) but has stopped making a new low (getting rejected 3 times). On a 2-week close to close basis Index has made violent moves both ways but is flat, indicating the indecision in the markets and giving an essential range to watch out for 16,350 – 15,650. A breakdown of the current support base will activate the ‘ABCD’ pattern and can take the index to 15,000 levels. Short-term trend-reversal is possible only if the immediate resistance at 16,350 is broken and sustained, which in turn will activate the ’XABCD’ pattern and can fuel a small rally towards 16,650-700 levels.
Niftyintradaylevels
Nifty 15 Minute Chart Levels (Intraday Levels)This chart shows Levels of resistance and support for Nifty calculated on a 15 Minute Chart.
The levels will hold good for any timeframe that is 15 Minute or Lower.
Nifty Futures Key Trading Levels for 19th May 22_expiryNifty Futures Key Trading Levels for 19th May 22_expiry.
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Key Trading Levels for 18th May 22Nifty Futures Key Trading Levels for 18th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Updates for Next week - 16th to 20th May 2022Nifty 50 Index ended lower for the sixth straight session on Friday, reversing from earlier gains. The index logged its fifth straight week of losses, the longest weekly losing streak since the Covid-19 crash, breaking the critical psychological level of 16,000. India’s retail inflation came in at an 8-year high, and RBI indicated its intent to get the repo rate back to pre-Covid levels, adding fuel to the already weak global cues. India VIX also shot up to 23.48, indicating the fear in the markets.
Week ahead
The index has been in the downtrend since April last week, making lower lows/highs, facing the downward trendline resistance. After breaking the 16,000 index made an impulsive down-move and took support near the 15,700 level. A short pullback was sold into, facing resistance at the half-bat pattern (16,070), which will now act as a major hurdle. Short-term trend reversal will be possible only if this level is broken and sustained. A break above this hurdle will see the rise extending up to 16,400. A breakdown and retest of current levels will activate the ‘ABCD’ pattern, which can take the index to 15,400 levels. 16100-15700 is the important range to look out for the week.
As the result season nears its last leg, markets will focus more on global cues to determine its direction. In India, WPI figures are expected to be released, and the most awaited IPO, LIC will be listed on the bourse during the upcoming week. Will the market bottom out? or are we here for more pain? Follow us for real-time updates as the week progresses.
Nifty Futures Key Trading Levels for 13th May 22Nifty Futures Key Trading Levels for 13th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty 50 Updates for Expiry 12th May 2022India 50 USD Index Analysis (4Hr TF)
India 50 USD Index has been in a down trend since the month beginning, making lower lows and lower highs with the blue trend line holding the downtrend. Index is trading at an important psychological levels of 16,000, taking support at multiple instances. Following are the possibilities for the remaining part of the week:
• A breakdown and retest of this level can fuel fresh downside till 15,675 levels (March lows from where we saw a rally to 18,000 levels).
• Index can form a double bottom at this level, and we can see a short pullback rally above 16,200 levels with resistance at 16,460 (Half Bat pattern). A trend reversal is possible only if this resistance is broken and sustained, else the Index can go back to the range of 16,450-16,000 and trade with high volatility.
Nifty Futures Key Trading Levels for 12th May 22Nifty Futures Key Trading Levels for 12th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Key Trading Levels for 11th May 22Nifty Futures Key Trading Levels for 11th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Key Trading Levels for 10th May 22Nifty Futures Key Trading Levels for 10th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty 50 Updates for next weekAfter consolidating for two weeks between 16,800-17,500 levels, Nifty 50 Index finally broke the range and continued to fall sharply, triggered mainly by surprise interest rate hike by the RBI, hawkish commentary from US Fed and mixed corporate results. The short-term trend has turned bearish and it is likely that markets can further slide lower. The volatility climbed above the 21 mark again, indicating that the trend may be in favour of bears.
Week ahead
The range break during previous week has triggered ABCD (as discussed in previous weeks analysis) and XABCD Patterns. Index has formed a doji candle on the daily charts, after a significant fall and the breakdown and retesting of PDL of 16,350 will fuel fresh down-move with targets (PRZs) of 16,200 and 16,000 (Key support) respectively. One can look for a reversal in shorter timeframe in this strong demand zone. Any pullback rally is possible only if 16,500 levels is sustained with resistances at 16,650 and 16,800 (Strong resistance). Pullbacks may be short-lived as we are currently in a ‘sell-on-rise markets’ and one should keep trailing profits or keep targets small on the long side. 16,000-16,800 is the likely range for the Index in the upcoming week and volatility is expected to remain high. Carrying unhedged positions may be risky because of the gap downs / ups and its advisable to keep the position size low.
On the news front, Markets will react to RIL results in early trade on Monday. US, China and domestic inflation numbers, Data on India's industrial output, and manufacturing output will keep Indian markets on edge. Follow us for real-time updates as the week progresses.
Nifty view for 09/05/22Nifty has created a gap an has traded in a range.
It took resisitance from its 20ema on 15 minutes time frame.
Support :- 16200, 15800
Resistance :- 16480, 16620
Market has been trading in a range and has consolidated on previous trading day.
Wait and watch the price action near the levels befote trading the market.
Nifty Futures Key Trading Levels for 9th May 22#Nifty50 Futures Key Trading Levels for 9th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Intraday LevelsOn 15 min chart nifty is range bound.
One can trade this range bound breakout either side.
Minimum target will be 60-80 points
Stop loss 40 points.
Nifty Futures Key Trading Levels for 6th May 22
#NiftyFutures Key Trading Levels for 6th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Futures Key Trading Levels for 5th May 22_ExpiryNifty Futures Key Trading Levels for 5th May 22_Expiry
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty1 trying to break a previous trendlineOn 30 minutes chart Nifty (this is the near month future chart) is trying to break a previous support trendline. This may become a make or break situation for Nifty for this day.
Nifty Futures Key Trading Levels for 4th May 22Nifty Futures Key Trading Levels for 4th May 22
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Intraday Update for 4th May 2022As expected, Nifty 50 Index opened with a huge gap down on Monday. However, the index recouped most losses by the end, taking support from 16900-16800 levels where reasonable buying has emerged in the past few weeks. Index also strongly defended the psychologically vital mark of 17,000 and gave a good closing. Volatility remained high at above 20 levels, which suggests that there could be wild swings in the market, ahead of the upcoming Fed meeting later tonight. India VIX was up by 4.46 percent at 20.28 levels. The much-awaited LIC's mega IPO sale is due to hit the Street today.
Nifty 50 Index (Daily TF)
Index has formed a strong bullish candle. Since last two weeks, Index is holding the 16,800 level but failing to show a sustained momentum, and the market appears to be consolidating within a broad range of 16,800-17,450 with wild movements in both the directions. Weekly range remains intact. Upward momentum will continue only if 17450/17500 levels are broken and sustained, and the rally can continue till 18000 (XABCD pattern getting activated). A breakdown and retest of 16,800 can drag the index to 16200 levels. (ABCD pattern will get activated on breakdown). 17090 and 17000/16900 are important levels for the day. Follow us for real-time updates as the day progresses.
SGX Nifty has been trading flat and we can see a flat to positive opening today.
Nifty Futures Key Trading Levels for 2nd May 22_Monday#Nifty50Futures Key Trading Levels for 2nd May 22_Monday
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Intraday Update for 29th April 22Nifty 50 Index bounced back sharply and recouped all its previous day's losses to close above 17,200 levels powered by rally in Financial, oil & gas, IT and FMCG shares. The Index finished the April derivatives (futures & options) series 253.2 points or 1.4 percent lower. The declining volatility (India VIX) also supported the market but needs to cool down further to support the bulls.
This week has been full of gap ups and gap downs (and index trading in range after opening -except on yesterday where we saw a trending move) with Index opening gap down on Monday, gap on Tuesday, gap down on Wednesday and again gap up yesterday. Overall, the index has been moving in a range of 16,850-17,450 levels for a couple of weeks now, with moves in both direction, which will also be the key levels to watch for coming sessions.
India 50 USD (Lower TF for Intraday)
Index has formed a good bottom with the price making higher lows. The trendline resistance and Immediate resistance at 17250 was broken decisively and has been retested, which has activated XABCD pattern and is indicating 17450-17500 as our next target. This is an important level to watchout for as current downtrend will reverse only of if this level is broken and sustained. 17250 and 17070 will act as immediate supports.
India 50 USD (Higher TF)
Index has formed a XABCD pattern which will be activated once the major hurdle at 17450 levels is broken/sustained and will fuel the rally to 18000 levels. The downward momentum will continue below 16850 levels (ABCD pattern will also get activated and the probability of testing levels around 16250 will open up).
Nifty Futures Key Trading Levels for 29th April 22_Friday#Nifty50 Futures Key Trading Levels for 29th April 22_Friday
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor before making any trading decision.
Leave a comment that is helpful or encouraging. Let's master the markets together.
Nifty Intraday Update for 28h April 22Nifty 50 Index continued to fall on Wednesday, after a day's breather, on account of weak global cues. Most sectors were in the red with heavyweights such as Bajaj twins and ICICI Bank being the biggest drags. Index traded in the range 17100 – 16950 during the day with high volatility. The volatility (India VIX), which had cooled down significantly in the previous session, spiked over 20 levels again. VIX needs to be back around 17-18 levels for some kind of stability in the market.
April Series Expiry Day (India 50 USD Index)
No major changes in last 2 trading session Index was rangebound yesterday with high volatility , The levels we discussed in yesterday’s analysis is likely to hold good during today’s sessions as well. Key support is at 16850 and 17070 / 17250 is likely to be important resistances for the day. If the key support is broken and retested, ABCD pattern will be activated and the downward momentum will continue. Short term Trend reversal can be confirmed only if the major hurdle at 17450 is broken and sustained. Today being the expiry session for April futures and options contracts, index is likely to trade in the range with high volatility.
Since SGX Nifty is trading flat, we are likely to open on a flat note.
Daily Time Frame
