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Niftyit

Nifty 13 Mar 23 to 17 Mar 23 Short ,Medium and Long TermNifty 13 Mar 23 to 17 Mar 23 Short ,Medium and Long Term Nifty touched a high of 17801 and low of 17331. Nifty closed at 17413 ( Prev close 17594 ) due to US Bank issues. Nifty to go down and test 17133/17088/17000 in the coming week. RSI , stochastic and MACD have recovered and increased, later declined at the end of week to selling zone. Markwt still not in oversold zone. Nifty short term - Will go down and the crucial support need to hold. Nifty Resistance at 17650/17712 (Inclined Trend line - Shown in green color) Nifty Support at 17368 MA200 /17355(new low) /17200/ 17167 (aug 22 Low)/17133 ( Red Inclined trend line)/ 17088 ( Blue Inclined trend line) Nifty Medium Term Nifty will be range bound in medium term from 17000 to 18268. Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term and Support at 17000 Nifty Resistance 18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) Long term Target 19500/20500 possible if it breaks above 18268 In case if it falls below 17000, then next crucial support is at 16793, which will act as major long term support. NIFTY 50 Equal weight, Bank Nifty, Nifty IT and Mutual funds can be accumulated for long term.
NSE:NIFTYShort
by karthikss
Nifty 06 Mar 23 to 10 Mar 23 Short ,Medium and Long TermNifty 06 Mar 23 to 10 Mar 23 Short ,Medium and Long Term Nifty 17300 /17200 support provided last week acted very well. Nifty closed at 17594 ( Prev close 17465 ) Nifty touched a high of 17638 and low of 17273. RSI, stochastic and MACD are in recovery zone. Nifty short term - Will be upwards but need to cross the crucial resistance as mentioned below. Nifty Resistance at 17650/17712 (Inclined Trend line - Shown in green color) If it crosses 17712 in the week the other resistances to break 17819(0.5 fib old)/17900/18000(Aug high) Nifty Support at 17435(dark red color horizontal line) /17368 MA200 /17355(new low) /17200 Nifty Medium Term Nifty will be range bound in medium term from 17200 to 18268. Like previous week, this support levels are shown in Green & Red thick Horizontal lines. Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term and Support at 17000 Nifty Resistance 18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) Long term Target 19500/20500 possible if it breaks above 18268 In case if it falls below 17000, then next support is at 16793, which will act as major long term support. As mentioned in last week market corrected and reversed back from oversold zone, after a few dip. Nifty IT and NIFTY 50 Equal weight Mutual funds can be accumulated for long term. Nifty Bank call was given for last two weeks to buy after touching low 39638 and it rose more than 4% (to 41251) last week and surpassed nifty. Still bank nifty will increase once it crosses 41300 and then to 41950/42850 in medium term. Nifty IT 29857 also sustaining above 50 MA. Have potential to move upto 31850 in coming weeks if nifty is sustaining & crossing crucial resistances.
NSE:NIFTY
by karthikss
Major Correction for Nifty ITNEGATIVE SIDE : 1. Nifty IT broke the major support level at 34450pts during the last trading session. 2. The two major rejection candle at the level 36750pts in the recent time is so crucial. This is because of the two major correction happened in the past one in 2000 and the other during the corona situation. Both the corrections have the 4.236 fibonacci level at around 36000pts. Which will play the major supply zone for the coming days for IT. 3. The Fibonacci level drawn in this chart shows the pullback happens exactly at 0.618 level, which is again a negative side. 4. The moving average 20 & 50 is getting closer. POSITIVE SIDE: 1. Currently, Nifty IT is at a major support level. Lets hope that it will bounce back from the level.
NSE:CNXITShort
by VigneshRaja-UthayaKumar
Nifty 27 Feb 23 to 3 Mar 23 Short ,Medium and Long TermNifty 27 Feb 23 to 3 Mar 23 Short ,Medium and Long Term Nifty closed at 17465 ( Prev close 17944) Nifty touched a high of 17989 and fallen to low of 17429 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. RSI stochastic and MACD are in negative zone and in oversold position and also there is no sign of reversal at immediate present, hence market may further fall to 17300-17180. Nifty short term Nifty corrected from 17900 to 17450 level. it may further correct to 17300/17200 as mentioned below. Nifty Support at 17435(dark red color horizontal line) /17368 MA200 /17355(new low) /17200 Nifty Resistance at 17555/17716/17819(0.5 fib old)/17900/18000(Aug high) /18109(sep high) / 18122(0.5 fib new) /18268 (Dec22 end Jan23 high) Nifty Medium Term Nifty will be range bound in medium term from 17200 to 18268. Like previous week, this support levels are shown in Green & Red thick Horizontal lines. Nifty need to break decisively above 18268 to reach 18800-18900 in Medium term and Support at 17000 Long term Target 19500/20500 possible if it breaks above 18268 In case if it falls below 17000, then next support is at 16793, which will act as major long term support. Since Market is in oversold zone, after a few dip, it is likely to move towards 17550-17800. Buy on dips once fallen. Nifty IT and NIFTY 50 Equal weight Mutual funds can be accumulated for long term. Nifty Bank 39909 can be accumulated level of 38600 for long term.
NSE:NIFTY
by karthikss
Is this beginning of another correction in IT stocks ??IT stocks are majorly dependent on US market and Nasdaq plays a major role in movement of IT index, so thought to have a look on NDX and the pattern it looking is pretty bearish. Though index is trading at support but if this index failed to hold level then we may see good selling pressure. currently there are 3 negative patterns the index is in. 1. Inverted Cup - Negative 2. Inverted flat - Negative 3. LL - Negative
NASDAQ:NDXShort
by TheStocktrader_Skn
NIFTY IT - Recovery started with Double Bottom Breakout Confirm Key highlights: 💡⚡ On basis of Weekly Time Frame 📊 Currently NIFTYIT has given Double Bottom Breakout with confirmation. 📊 Keep an eye on IT sector's scripts. 📊 Example : LTTS , COFORGE , TECHM 1st Target - 32816 2nd Target - 34381 Support - 30559 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:CNXITLong
by radha_23
2
LTI - BREAKOUT📊 Script: LTI (Larsen & Toubro Infotech Limited) 📊 Nifty50 Stock: NO 📊 Sector: IT, Commercial Services 📈 LTI is about to break upper band of BB (Bollinger Band). 📈 There is cross over of Double Moving Average. 📈 Positive Cross Over on weekly time frame in MACD. 📈 Right now RSI is around 65. 🟢 Target 🎯🏆 - 5131 ⚠️ Stoploss ☠️🚫 - 4464 ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
LLong
by radha_23
HCL Technologies Ltd - Trendline Support + Just a View📊 Script: HCLTECH (HCL TECHNOLOGIES LIMITED) 📊 Nifty50 Stock: YES 📊 Sectoral Index: NIFTY IT / NIFTY 500 📊 Sector: Information Technology 📊 Industry: Computers - Software & Consulting Key highlights: 💡⚡ 📈 Script is trading near at its support level which is around 897. 📈 RSI is nearby to its Oversold zone. 📈 script may bounce back from its support level keep an eye on it. 📈 Fundamentals are also strong, one can buy on dips for long term. 📈 if it start moving upward first target will be 990 , Always maintain your Risk & Reward Ratio. ⏱️ C.M.P 📑💰- 895 🟢 Target 🎯🏆 - 990 ⚠️ Important: Always maintain your Risk & Reward Ratio. ⚠️ Purely technical based pick. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat🔁 Happy learning with trading. Cheers!🥂 Happy Navaratri 🕉️ 💃🏻🕺🏻
NSE:HCLTECHLong
by radha_23
4