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Nifty Short, medium and Long Term review - 11-Sep-23 to 15-Sep-2Nifty Short, medium and Long Term review - 11-Sep-23 to 15-Sep-23 Nifty closed at 19822(19435) and touched low & high of 19437 and 19864. Nifty long call was given last week. As expected nifty moved up above 19500 & 19600 and closed at 19822. RSI and Stochastic level rised from 51 to 72 % & 58 to 93% respectively. Nifty- Short Term will try to move up near to 20000 and will try to break and move above. Resistance at 19900 & 20000 ( Both are previous up). Support - 19500 & 19600 ( Fib Support) Nifty Medium Term - If market decisively break above 20000, 20150-20200 is the target ( Trend Line) Resistance to 19704 ( Fib Resitance). Long term- 20450 there is fibonacci strong resitance. However threshold limit in net profit of companies and potential to grow is questionable. Further to review the Q2 results. To review once Nifty reaches target of 20150-20200. Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI & ICICI Bank , Axis Bank given on 13-Aug-23, all three stocks marginally increased, buy on DIP in the coming week as well. CIE Automotive (RS 520) call was given three weeks before at 473, buy on dip for Medium term outlook . Other buy Calls provided on 25-Jun-23 : HDFC Bank , L&T Tech ( 17% up), KPIT (13% Up ), PI Ind , Dr Reddys ( 10% Up), Ujjvan Small Fin (25 %), Route Mobile, Bank of Maharashtra ( 40 %), Andhra Paper(8%) Accelya Solutions (20% up)
NSE:NIFTYLong
by karthikss
Nifty Short, medium and Long Term review- 04-Sep-23 to 08-Sep-23Nifty Short, medium and Long Term review - 04-Sep-23 to 08-Sep-23 Nifty closed at 19435(19265) and touched low & high of 19225 and 19457. Nifty traded slightly above the inclined trend line resistance (19337 to 19250) for four days but couldnt cross decisively and closed at 19435. RSI and Stochastic level rised to 51 % & 58%. after Oversold zone a sign of recovery. As mentioned from last week Nifty moved up after taking strong support at 19225-19250. Nifty- Short Term will try to move up Resistance at 19516 & 19607 Fib resistance, 19648 ( 09th Aug High) Support - 19166 ( Fib 0.382 level), 19245-19276 ( Inclined Trend) ,19223 ( Recent Low) Nifty Medium Term - After a dip as mentioned above Nifty need to cross decisively above the zone 19648 Fib Resistance to 19704 ( Fib Resitance) to regain 19900-20000. Nifty strong support at 19070 (Shown in thick red Trend line support) / 19000 /19890 Long term- Q1 results are average for majority of stocks except Banks stocks which performed well & further to review the Q2 results. To review once Nifty reaches target of 20000 ( Prev high) & 20150 Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI & ICICI Bank , Axis Bank given on 13-Aug-23, all three stocks marginally increased, buy on DIP in the coming week as well. CIE Automotive (RS 520) call was given three weeks before at 473, buy on dip for Medium term outlook . Other buy Calls provided on 25-Jun-23 : HDFC Bank , L&T Tech ( 17% up), KPIT (13% Up ), PI Ind , Dr Reddys ( 10% Up), Ujjvan Small Fin (25 %), Route Mobile, Bank of Maharashtra ( 40 %), Andhra Paper(8%) Accelya Solutions (20% up)
NSE:NIFTYLong
by karthikss
Nifty Short, medium and Long Term review- 28-Aug-23 to 02-Sep-23Nifty Short, medium and Long Term review - 28-Aug-23 to 02-Sep-23 Nifty closed at 19265 (19310) and touched low & high of 19230 and 19578. Nifty couldnt cross the inclined trend line resistance as provided last week (19550) decisively and closed near the support provided last week( 19300 Aug low) RSI and Stochastic level at 42 % & 16%. Stochastic in over sold zone. As mentioned from last week Nifty will try to move up after taking strong support Nifty- Short Term will take the support and try to move up and cross resistance. Resistance at 19477 Fib resistance/ 19386 ( MA 50) Support - 19166 ( Fib 0.382 level), market might tend to move sideways on this level for a week. Nifty Medium Term - After a dip as mentioned above Nifty need to cross decisively above the trend line support 19477-19386 in the coming weeks to regain 19700 and above. Nifty strong support at 19070 (Shown in thick red Trend line support) / 19000 /19890 Long term- Q1 results are average for majority of stocks except Banks stocks which performed well & further to review the Q2 results. To review once Nifty reaches target of 19890,20000 ( Prev high) & 20150 Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI ( 571) & ICICI Bank ( 948), Axis Bank ( 942) on 13-Aug-23, buy on DIP in the coming week as well. CIE Automotive (RS 482 ) call was given two weeks before at 473 and raised 8% an dipped.Can buy on further dip with Medium term outlook . Other buy Calls provided a month before: Buy on Dip HDFC Bank , L&T Tech ( 6% up), KPIT (8% Up ), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (21 %), Route Mobile, Bank of Maharashtra ( 35 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTY
by karthikss
Nifty Short, medium and Long Term review- 21-Aug-23 to 25-Aug-23Nifty Short, medium and Long Term review - 21-Aug-23 to 25-Aug-23 Nifty closed at 19310 ( 19428) and touched low & high of 19252 and 19566. Nifty couldnt cross the inclined trend line resistance as provided last week (19550) decisively and closed near the support provided last week( 19300 Aug low) RSI and Stochastic level dipped to 40 % & 10%. Stochastic in over sold zone. Nifty could try to move up Nifty- Short Term will take the support and try to move up and cross resistance. Resistance at 19469-19388 ( Inclined Trend line) Support - last week low 19250 FibRetracement- 0.5 (19319) & Prev Aug Ist week Low ( 19300) will act as support/resistance for short term when market go up or down. market might tend to move sideways on this level for a week. Nifty Medium Term - After a dip as mentioned above Nifty need to cross decisively above the trend line support 19469-19359 in the coming weeks to regain 19700 and above. Nifty support at 19166 ( Fib 0.382 level), 19070 (Shown in thick red Trend line support) Long term- Q1 results are average for majority of stocks except Banks stocks which performed well & further to review the Q2 results. To review once Nifty reaches target of 19890,20000 ( Prev high) & 20150 Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Buy on dip SBI ( 571) & ICICI Bank ( 948), Axis Bank ( 942) on 13-Aug-23, buy on DIP in the coming week as well. CIE Automotive (RS 482 ) call was given two weeks before at 473 and raised 8% an dipped.Can buy on further dip with Medium term outlook . Other buy Calls provided a month before: Buy on Dip HDFC Bank , L&T Tech ( 6% up), KPIT (8% Up ), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (21 %), Route Mobile, Bank of Maharashtra ( 35 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTY
by karthikss
Nifty 14Aug23 to 18Aug23 Short,Medium,Long Term & StockPickNifty 14Aug23 to 18Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19428 ( 19517) and touched low & high of 19414 and 19643. Nifty couldnt cross the Short term resistance 19650 last week and lowered to 19400 level. RSI and Stochastic level dipped to 47 % & 23%. Stochastic in over sold zone. Nifty- Short Term will go down Resistance at 19550-19493 ( Inclined Trend line) Support at FibRetracement- 0.5 (19319) & Prev Aug Ist week Low ( 19300) Nifty Medium Term - After a dip as mentioned above Nifty need to cross decisively above the support 19300-19400 in the coming weeks to regain 19700 and above. Nifty support at 19150, 19070 Long term- Q1 results are average for majority of stocks except Banks stocks & to review the Q2 results. Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. 13-Aug-23 : Buy on dip SBI ( 579) & ICICI Bank ( 954) CIE Automotive (RS 490 ) call was given prev week at 473 and raised 8%, dipped to 470 last week & raised. Can buy on further dip with Medium term outlook . Other buy Calls provided a month before: HDFC Bank , L&T Tech ( 8% up), KPIT (8% Up ), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (21 %), Route Mobile, Bank of Maharashtra ( 35 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTYShort
by karthikss
LATENTVIEW Break of Structure plus BreakoutA potential upside of 30% is expected if break of immediate resistance of Rs. 430, Buy Some @ CMP and dips till Rs.385. Please give a boost if you like the analysis and follow for more. Any suggestions or advice is humbly welcomed. Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my own and for educational purposes only. Make sure you consult your Financial advisor before investing, as I won't be responsible for any losses incurred.
NSE:LATENTVIEWLong
by Kaushik_Karnale
Nifty 07Aug23 to 11Aug23 Short,Medium,Long Term & StockPickNifty 07Aug23 to 11Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19517 ( 19646) and touched low & high of 19298 and 19796. Nifty crossed the Short term support 19500 and touched the medium term support 19300 given last week and then bounced back to 19500. RSI and Stochastic level dipped to 52 % & 32%. There is a little sign of recovery as per stochastic chart. Nifty- Short Term might raise. Resistance at 19600-19700 ( Inclined Trend line), Fib Retracement 0.681 ( 19730), Fib Retracement- 0.5 19848 Support at 19500 ( Shown in thick red support line) Nifty Medium Term - Above 19850 Fib 0.5 Retracement/ 20000 (Previous high 19997) it will take it to 20100-20150-in Medium term. Nifty support at 19300/19000 Can initiate sell around 20000/20150 ( Fibonacci 1.618 level) Long term- Q1 results are average for majority of stocks except Banks stocks & to review the Q2 results. Stock specific approach needed in the upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Accumulate CIE Automotive (RS 473.5 ) call was given last week and touched 8% up on the first day of last week and AXIS Bank (950) dipped to 930 last week generated buying opportunity. Can add in their portfolio with Medium term outlook . Other buy Calls provided a month before: HDFC Bank , L&T Tech ( 8% up), KPIT (8% Up in last week), PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (18 %), Route Mobile, Bank of Maharashtra ( 25 %), Andhra Paper(3%) Accelya Solutions (4% up)
NSE:NIFTY
by karthikss
Nifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPickNifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19646 ( 19745) and touched low & high of 19572 and 19871. Nifty long call was given Three week back (at 19250) and touched all time high 19996 RSI and Stochastic level dipped to 60 % & 48%. Nifty- In Short term might increase Resistance at 20000, Support at 19500 ( Shown in thick red support line) Nifty Medium Term - Above 20000 it will take it to 20100-20150-in Medium term. Nifty support at 19300/19000 Can initiate sell around 20000-20150 ( Fibonacci 1.618 level) Long term- Q1 results are average for majority stocks except Bank stocks so far & to review the Q2 results. Stock specific approach needed in upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Can add CIE Automotive (RS 473.5 ) and AXIS Bank (950) in their portfolio with Medium term outlook - 30-Jul-23 HDFC Bank , L&T Tech ( 8% up), KPIT , PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (16 %), Route Mobile, Bank of Maharashtra ( 25 %), Andhra Paper(3%) Accelya Solutions Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Nifty 23Jul23to27Jul23 Short,Medium,LongTerm&StockPickNifty 23Jul23 to 27Jul23 Short,Medium,Long Term & StockPick Nifty closed at 19745 ( 19422) and touched low & high of 19571 and 19996. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given three weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. HDFC Bank , L&T Tech ( 6% up), KPIT , PI Ind , Dr Reddys ( 6% Up), Ujjvan Small Fin (13 %), Route Mobile, Bank of Maharashtra ( 26 %), Andhra Paper(4%) Accelya Solutions Nifty long call was given Three week back (at 19250) and touched all time high 19996 RSI and Stochastic level dipped to 68 % Nifty- In Short term might increase Resistance at 20000, Support at 19500 ( Shown in red line) / Buy on Dip above this support level Nifty Medium Term - Above 20000 it will take it to 20100-20150-in next 2-3 weeks Nifty support at 19300/19000 Can initiate sell around 20100-20150 ( Fibonacci 1.618 level) Long term- To review the Q2 results. Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Nifty 10Jul23 to 14Jul23 Short,Medium,LongTerm & StockPickNifty 10Jul23 to 14Jul23 Short,Medium,Long Term & StockPick Nifty closed at 19313 ( 19189) and touched low & high of 19239 and 19525. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given last week , on an average raised 3-5 % in one week( Can accumulate on dip if it already raised): Disclaimer: For analysis purpose only. Many stocks raised considerably in last two weeks. HDFC Bank , L&T Tech ( 4% up), KPIT , PI Ind ( 4% up ), Dr Reddys ( 5% Up), Ujjvan Small Fin (11 %), Route Mobile, Bank of Maharashtra ( 18.5%), Andhra Paper,(4%) Accelya Solutions Nifty lomg call was given last week and slightly increased in this week. RSI and Stochastic level dipped to 68 % and 78% respectively. Nifty- In Short term might increase Resistance at 19650, Support at 18890 Previous high/ 19040 (Inclined trend line resistance) Buy on Dip above this support level Nifty Medium Term - Above 19650 it will take it to 19800-in next 2-3 weeks Nifty support at 18620/18446 ( Fibonacci) Can initiate sell around 19800-20000. Long term- Targets of 20000/ 20155 ( Fibonacci resistance) Nifty have multiple support for long Term - 18000 / 18260/ 18210/18109 ( Previous Highs) Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTYLong
by karthikss
Nifty 3Jul23 to 7Jul23 Short,Medium,Long Term & StockPick Nifty 3Jul23 to 7Jul23 Short,Medium,Long Term & StockPick ( most of the stocks Raised average 3-5% in one week) Nifty closed at 19819 ( 18665) and touched low & high of 18648 and 19207. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given last week , on an average raised 3-5 % in one week( Can accumulate on dip if it already raised): Disclaimer: For analysis purpose only. HDFC Bank ( 4% up from Last week), L&T Tech, KPIT ( 4% up from Last week), PI Ind ( BOD 3500), Dr Reddys ( 5% Up), Ujjvan Small Fin, Route Mobile, Bank of Maharashtra ( 6.5% up), Andhra Paper, Accelya Solutions Nifty was expected to crossed the resistance at 19060/19100 decisively. RSI and Stochastic level raised to 97 % and 71% respectively. Nifty- In Short term might increase Resistance at 19275-19281 for two weeks, Support at 18890 Previous high/ 19040 (Inclined trend line resistance) As mentioned before time to Clean the portfolio can initiate sell if face stiff resistance at above levels. Nifty Medium Term - Nifty on decisive upward move above 19275-19281 it will take it to 19614/ 19695 Nifty support at 18620/18446 ( Fibonacci) Long term- Need to decisively close above 19350 to reach targets of 19500/20000 Nifty have multiple support for long Term - 18000 / 18260/ 18210/18109 ( Previous Highs) Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTYLong
by karthikss
Nifty 26Jun23 to 30Jun23 Short,Medium,Long Term & StockPickNifty 26Jun23 to 30Jun23 Short,Medium,Long Term & StockPick Nifty closed at 18665 ( 18826) and touched low & high of 18885 and 18648. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way: HDFC Bank, L&T Tech, KPIT (Buy on Dip BOD at 925), PI Ind ( BOD 3500), Dr Reddys, Ujjvan Small Fin, Route Mobile, Bank of Maharshtra, Andhra Paper, Accelya Solutions Nifty was expected to cross previous high 18890, and might face resistance at 19060/19100 but couldnt surpass 18890 and faced stiff resistance and dropped lower. partial sell / Profit booking call was provided last week and continues for this week. This will be opporunity to clean the portfolio. RSI and Stochastic level dropped to 54% and 39% respectively. Significantly moved below the Mean level. Nifty- Short term might be sideways movement/ Short Dip. Resitance at 18890 Previous high/ 19040 (Inclined trend line resistance) Nifty support at 18620/18446 ( Fibonacci) Nifty Medium Term - Nifty on decisive upward move above 19100 will take it to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip. Support - 18260/ 18210/18109 ( Previous Highs) Long term- Need to decisively close above 19350 to reach targets of 19500/20000 Nifty have multiple support for long Term - 17865/18000 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Nifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long TermNifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long Term Nifty closed at 18826 ( 18563) and touched low & high of 18561 and 18862. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18745 to 18786 acted well, on the last day of the week, nifty broke the weekly resistance on a decisive note. RSI and Stochastic level raised to 65% and 85% respectively. Nifty- expected to cross prev. High 18890, short term is sideways/ short dip expected after touching 19060/19100 as shown inclined line (blue color) which will act as resistance for short term. Can book some profits at this level. Sell overvalued stocks. Nifty support at 18620 Nifty Medium Term - Nifty expected to break 19100 and to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip. Support - 18446 ( Fibonacci). Long term- Need to decisively close above 19350 to reach targets of 19500/20000 Nifty have multiple support for long Term - 17865/18000/18111 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Nifty 12 Jun 23 to 16 Jun 23 Short ,Medium and Long TermNifty 12 Jun 23 to 16 Jun 23 Short ,Medium and Long Term Nifty closed at 18563 ( 18535) and touched low & high of 18537 and 18772. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18689 to 18734 acted well. nifty faced that resistance as expected. RSI and Stochastic lowered to 60% level from 72-75%. Nifty- short term is sideways/ short dip. Nifty support at 18446 ( Fibonacci) / Previous highs at 18274 /18204/18111 Nifty Resistance is at 18620 and inclined trend line (Resistance 18745 to 18786 ) as shown in the chart. Buy on Dip Nifty Medium Term - Nifty expected to break 18620 and to touch previous high of 18890 /19000 in medium term. Nifty have multiple support for Medium Term - 17865/18000/18111 Long term- Need to decisively close above 18890 ( Previous Dec22 High) and also the very important resistance ( Red Inclined line shown 19200- 19350)to reach targets of 19500/20000 Support at 17850 /17550 /17200 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Nifty 5 Jun 23 to 9 Jun 23 Short ,Medium and Long TermNifty 5 Jun 23 to 9 Jun 23 Short ,Medium and Long Term Nifty closed at 18534 ( 18495) and touched low & high of 18464 and 18664. Nifty closed marginally higher than previous week. Buy call was given on dip on 21-May-23. Last week there was a stiff reistance was given at 18620 and shown with Thick green Horzontal line. nifty faced that resistance as expected. RSI ,MACD and Stochastic have crossed the signals and at peak with Further room to move upwards. Nifty- short term is Long. Need to decisively close above 18620 Nifty Resistance is inclined trend line ( for the week 18689 to 18734 ) Nifty support at 18111/18204/18274 Buy on Dip Nifty Medium Term - Nifty expected to break 18620 and to touch previous high of 18890 /19000 in medium term. Nifty have multiple support for Medium Term - 17865/18000/18111 Long term- Need to decisively close above 18890 ( Previous Dec22 High) and also the very important resistance ( Red Inclined line shown 19200- 19350)to reach targets of 19500/20000 Support at 17850 /17550 /17200 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 55%) Nifty Mid Cap ( 20 %) Nifty Small Cap (15%) Nifty IT (10%)
NSE:NIFTYLong
by karthikss
Nifty 15May23 to 19May23 ST,MT & LT-Chart Cleaned for VisibilityNifty 15 May 23 to 19 May 23 Short ,Medium and Long Term Nifty closed at 18314 ( 18069) and touched low of 18100. Nifty touched high of 18389. Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support. Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines) RSI ,MACD and Stochastic are at 69%, 210 and 92% KN Election results will play small setback in the indices, might drop to the the support level provided in the coming week in initial trading sessions. However after small consolidation it will again try to attempt to surpass 18465/ 18600 /18900 in the Medium term. Nifty- short term is Neutral to Long. Need to decisively close above 18274 to reach targets ext target at 18437/18465 ( fibonacci resitances) . Nifty support at 18111/18204/18274 Buy on Dip Nifty Medium Term - Nifty need to break decisively above first target 18274 to reach next target of 18437 ( Fibonacci 0.786 Retracement)/ 18640/ followed by prev high 18890. Nifty have multiple support for Medium Term - 17865/17741 ( Previous Highs) and 17560 ( April Low) Below that 17387- 17340/ 17252 Long term- Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000 17208/17180//17000 long term support at 16746 ( Sep22 Low) Long term Investors can accumulate following Mutual Funds NIFTY 50 Equal weight Bank Nifty Nifty IT (Buy on dip)
NSE:NIFTY
by karthikss
Nifty 15 May 23 to 19 May 23 Short ,Medium and Long TermNifty 15 May 23 to 19 May 23 Short ,Medium and Long Term Nifty closed at 18314 ( 18069) and touched low of 18100. Nifty touched high of 18389. Mainly followed the band resistance provided for last two weeks ( as mentioned below) and 3-4 days the resistance acted as support. Nifty support at 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines) RSI ,MACD and Stochastic are at 69%, 210 and 92% KN Election results will play small setback in the indices, might drop to the the support level provided in the coming week in initial trading sessions. However after small consolidation it will again try to attempt to surpass 18465/ 18600 /18900 in the Medium term. Nifty- short term is Neutral to Long. Need to decisively close above 18274 to reach targets ext target at 18437/18465 ( fibonacci resitances) . Nifty support at 18111/18204/18274 Buy on Dip Nifty Medium Term - Nifty need to break decisively above first target 18274 to reach next target of 18437 ( Fibonacci 0.786 Retracement)/ 18640/ followed by prev high 18890. Nifty have multiple support for Medium Term - 17865/17741 ( Previous Highs) and 17560 ( April Low) Below that 17387- 17340/ 17252 Long term- Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000 17208/17180//17000 long term support at 16746 ( Sep22 Low) Long term Investors can accumulate following Mutual Funds NIFTY 50 Equal weight Bank Nifty Nifty IT (Buy on dip)
NSE:NIFTY
by karthikss
3
Infy - Cup and Handle - waiting for breakoutReasons for the cup and handle to breakout: Infy - Cup and Handle - waiting for breakout Retest done at RBR candle in daily Huge possibility for gap filling Nasdaq has tested the current supply zone multiple times and ready for breakout TCS is in the clear up trend. Some short covering positions is holding the infy to breakout. Huge OI is formed at 1300 levels, so 1280, 1260 will see a short covering positions which is pulling the current selling. Today's close is above the RBR demand area which is a positive sign.
NSE:INFYLong
by trade_6699