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Niftylevels

NIFTY--Trendline Holds or Breaks??Nifty index is showing strong bearish pressure from the 22200 levels. A drop base drop is done. Price tested the demand zones at 21960 levels . now it is ready to move again or fall back to below trendline to grab the liquidity. On bottom side, strong support at 21800 levels with an intersection point at trendline... this is likely to push the price upwards.... If price breaks the trendline an observation point of resistance at 22100-22150 level is the strong resistance to push the price downwards. If consolidation is observed above this levels leads to an breakout above 22300 levels for the targets likely to be 22500 followed by 22600 levels by keeping the SL at 22100-22150 levels. If price falls from 22100-22150 levels, it will consolidate on bottom side to test the 21300 levels of support and will likely to continue to bottom side. this is the crucial place to observe in NIFTY To continuation or Bearish??
NSE:NIFTY
by IIT-Trader
44
Nifty took support at the trendline+200 EMA support as expectedAs it was expected and depicted in our message yesterday Nifty took support at the trendline+200 EMA support making a low of 21860 and closing at 21982 making a high of 22060. We had mentioned as 22053 as resistance in case of bounce. The resistance of Mother line, 50 EMA forced the Nifty down again.(As shown in the encircled portion in the chart). This is how Technical analysis works and helps us with market and related predictions. Future supports for Nifty: 21860, 21872 (200 Hours EMA), 21824 and 21674. Future Resistance for Nifty: 22056 (50 Hours EMA), 22152 and 22229.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--Drop Base Drop or Bullish??Nifty index is still in consolidation zone... We have a chance of drop base drop.Keep in long side as long as price is in channel. even though it is drop base drop we have to wait for clear short side confirmation,wait until the price breaks the trendline and retest for shortside.. we have a lot of liquidity lies below,we can enter long again on bottom side if we find any possibilities.It may continue to moving down chances are more. so keep safe manipulation moves may appear,this is the place for manipulation. we have a clear demand zone lies at 21960 levels. If demand zone failed to push the price upside, then will think of complete short side, below 21600 levels.
NSE:NIFTY
by IIT-Trader
21
50 EMA giving proper support to Nifty again.Today again we saw benevolence of Mother line (50 hours EMA) coming to fore and supporting Nifty giving it support to close well in the green. If Nifty can close above a strong resistance of 22218 there are good chances of Nifty again reaching previous high of 22295 or even cross it and go towards new high of 22364. Supports for Nifty remain at 22110 and 22105 (Strong support Zone). If this support is broken the Nifty can fall to 21970, 21885 or even channel bottom and 200 Hours EMA (Father line near 21853).
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Consolidation or Bearish??I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. Take a look at these levels and trade accordingly. Recognizing and respecting these support and resistance levels can help traders make informed decisions and manage risk effectively. They serve as key reference points for technical analysis and are vital tools in successful trading strategies. Trade safe...Thank you guys for your support
NSE:NIFTY
by IIT-Trader
32
NIFTY 50 Analysis For Feb 26th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 26th!, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 2 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For That Day. Note : Those Levels Are For That Particular Day Only. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTY
by SuccessStrikes
1
Nifty50 Daily Chart Analysis as of February 23, 2024 Nifty50 Daily Chart Analysis as of February 23, 2024 Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions. Overall: The Nifty 50 closed at 22,213 on February 23, 2024, marginally down by 0.02% from the previous day's close. Despite the minor dip, the index has been on an upward trajectory since February 19th, gaining around 1.3% in the last five days. This positive movement suggests a potential bullish trend, supported by a healthy recovery from the 21-day EMA and higher highs formation. Key Technical Indicators / Technical Analysis: The Nifty 50 is in an overall uptrend. Moving Averages: The Nifty 50 is currently trading above its 50-day and 200-day moving averages, indicating a possible uptrend in the near future. Relative Strength Index (RSI): The RSI is currently at 53.8, indicating that the index is neither overbought nor oversold. This suggests that there could be further upside potential. MACD: The MACD is currently above the signal line, indicating a bullish momentum. The MACD indicator is positive, indicating a potential continuation of the uptrend in the medium to long term. The Nifty 50 is currently trading above its 20-day and 50-day exponential moving averages (EMAs), indicating a bullish trend. Key observations: The Nifty has been following a trendline since January 20, 2024, suggesting a potential upside. The 22,150-22,200 range remains a major resistance zone, while 21,000 is a crucial support level. A breach above 22,300 could lead to further gains towards 22,500 and 22,600. Support and Resistance Levels: Immediate Resistance: The immediate hurdle for the Nifty 50 is seen at 22,300, followed by 22,500. Immediate Support: The immediate support is at 22,000, with a crucial level at 21,875, which coincides with the 20-day EMA and Thursday's low. Expert Opinions: Several technical analysts believe that the Nifty 50 has formed a bullish reversal pattern on the daily chart, suggesting a potential move above 22,500. However, some experts caution that the 22,300 level could be a significant short-term obstacle and recommend waiting for a confirmation breakout before taking any aggressive positions. Overall, the technical analysis of the Nifty 50 Daily Chart as of February 23, 2024, suggests a cautiously optimistic outlook. While the index faces some immediate hurdles, the overall trend appears to be bullish. Investors should carefully consider their risk tolerance and investment goals before making any trading decisions. Important to remember: This information is based on past data and should not be considered financial advice. Market conditions can change rapidly, and it is important to do your own research before making any investment decisions. I hope this information is helpful. Please let me know if you have any other questions. Disclaimer: I am not a financial advisor and this information should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions. Happy learning with trading. Cheers!🥂
NSE:NIFTYLong
by mayurdhagiya
NIFTY 50 Analysis For Feb 23rd!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 23rd, There Are Total of 3 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The NIFTY 50 For That Day. Note : Those Levels Are For That Particular Day Only. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
Nifty closing above 22200 is a good psychological win of BullsDespite giving a red candle and negative closing of Nifty after making a new high of 22297.5 the closing the week above 22200 is a good psychological win of Bulls. This indicates that the rally has not lost steam. Profit booking was seen in a lot of scripts which brought the index down however the psychological level of 22200 was not broken. The supports for Nifty are at 22002, 21882, 21596 to 21547 is a very strong support zone for Nifty now. The resistances on the upper side for Nifty are at 22249 and 22297. The channel top currently seems to be near 22514.
NSE:NIFTYLong
by Happy_Candles_Investment
Bulls fightback after bears had engulfed previous day's candle.What we saw today in Nifty was a remarkable fight back by bulls after bears had yesterday made an engulfing of previous Two days candled. Not only that the Nifty ended at 22217 recovering from day's low of 21875 which is a strong 342 point recovery from day's lows. Yesterday there was a bearish engulfing but what we had maintained is that today's candle has to close below the lows of yesterday. This means a follow up candle is required to confirm a break out or a break down. That is why we put a lot of emphasis on CLOSING and FOLLOW UP CANDLE. . Nifty has first time given a closing above 22200 today and it is very important for the bulls to close the week tomorrow above this psychological level. Future resistances for Nifty are at: 22252, 22350 and 22412. Support Levels for Nifty are near: 21997, 21876 and 21520.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY-- RSI Divergence Is Negative??Nifty index is showing strong bullishness. Price breaks the All time High again and printed a New High. An Impulse move is identified but no corrective move detected, so those who wants to go long again, wait for the price to retrace back. wait for reversal in NIFTY index. Keep in long side as long as price in a channel. ---------------------------------------------------------------------------------------- What RSI Divergence saying is:: If the stock is making new highs, but the RSI starts making lower highs, this warns the price uptrend may be weakening. This is negative divergence. The trader can then determine if they want to exit the position or set a stop loss in case the price starts to decline.
NSE:NIFTY
by IIT-Trader
18
NIFTY 50 Analysis For Feb 21st!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 21st, There Are Total of one Support Zones Which You Need To Look And To Be Mentioned One Grey Area And We Have one Imbalance Zone! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The NIFTY 50 For That Day. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
Bearish Engulfing Candle may take Nifty down.Bearish Engulfing Candle engulfed previous two Green Candle in Nifty chart today and may take Nifty down bringing in some consolidation and correction if we get a confirmation red candle tomorrow. If we get a closing below 21997 tomorrow bears may rejoice. The supports for Nifty in case of negative closing tomorrow will be at 21997, 21793, The zone between 21573 and 21410 has many supports including 50 days EMA and Mid-channel support. A closing below 21410 will elevate the mood of bears who will try to pull Nifty further down to next support levels of 21148 and 20770. In case 20770 is broken 200 days support of Nifty will be near 20114. On the upper side 22449 will remain an important resistance. Channel top seems to be near 23K but Nifty will need a lot of consolidation and little bit of correction before we can reach there.
NSE:NIFTY
by Happy_Candles_Investment
Nifty closed above important Fibonacci level looks good.A good closing today in Nifty above important Fibonacci level of 22126. Now the next important Fibonacci resistances will be 22288 and 22495. Supports for Nifty will be 21999, 21828 and 21671. As of now Nifty seems to be making a higher high higher low kind of pattern and today seems to have given a good breakout but good follow up candle is pending. If we can get that a good follow up green candle tomorrow or later in the week if there is consolidation it will be very good signal for the bull rally and indicate that bull rally has not run out of steam and will continue further. IT/Auto/Mid/Small cap/ PSU/Pharma stocks are showing signs of fatigue but Bank Nifty, Finance, Energy, Media and Realty stocks kept the Nifty in Green today and helped it march ahead.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty 50 Daily Chart Analysis - February 20, 2024Nifty 50 Daily Chart Analysis - February 20, 2024 Current Status: The Nifty 50 closed at 22,196.95, up 0.34% from the previous day. The intraday high was 22,215.60, and the low was 22,045.85. Trend and Moving Averages: The daily chart suggests a short-term bullish trend. The index recently broke above the 22,000 resistance level, confirming the uptrend. All major moving averages (50-day, 100-day, 200-day) are sloping upwards, further confirming the bullish trend. Technical Indicators: RSI: The RSI indicator is currently at 68.5, indicating the index is slightly overbought. This suggests a potential pullback in the short term. MACD: The MACD indicator is above the signal line and trending upwards, indicating bullish momentum. However, the histogram bars are starting to shrink, suggesting weakening momentum. Support and Resistance: The nearest support level is around 21,600-21,700, followed by 21,300. There is no immediate resistance level in sight. However, the psychological level of 22,500 could act as a resistance shortly. Key Observations: The breakout above 22,000 is a positive signal for the short term. Overbought technical indicators suggest a potential pullback before further upside. Lack of immediate resistance allows for potential price appreciation. Overall: The Nifty 50 is currently in a good position with a short-term bullish trend. However, investors should be cautious of potential pullbacks due to overbought technical indicators. Monitoring support and resistance levels and key economic data will be crucial for further analysis. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial advisor before making any investment decisions. Additional Notes: This analysis is based on the closing price and technical indicators. Intraday analysis might provide different insights. It's important to consider fundamental factors along with technical analysis for a comprehensive understanding of the market. I hope this enhanced analysis is helpful!
NSE:NIFTY
by mayurdhagiya
4
NIFTY 50 Analysis For Feb 20th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 20th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 3 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue And Red Arrow Path Showing The Direction of The NIFTY 50 For Tomorrow. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
NIFTY 50 Analysis For Feb 19th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 19th, There Are Total of one Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And There Are 4 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The Nifty 50. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
Expected Important levels for the Year 2024!Disclaimer! This analysis is made for educational purpose and do not consider it as an investment advice. Hey Folks ! I have marked all the important levels for the year, All the ranges marked with green colour represents Bullish area and all the ranges marked with red colour represents Bearish area. These levels are very simple yet very important. Use these levels with your existing trading strategy and experience to get most odds in your favour. Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges. If in case at any point of time Nifty 50 goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels. All the Best Folks ! Stay tuned for updates.
NSE:NIFTY
by prachitv1
NIFTY 50 Analysis For Feb 16th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 16th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area. The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The Nifty 50 For Tomorrow. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
Good close by Nifty but important ATH Resistance approaching. Nifty Medium Term Outlook: Nifty saw a good closing on Friday as it closed comfortably above 22K at 22040. The closing today has opened the channel going towards new All Time High (ATH) and perhaps go further up as well. The previous ATH that is 22126. The top of the channel seems to be near 23369 but Nifty will take a lot of time to reach there and lot of local and international events happening can hamper the progress all of a sudden. The situation in the Red Sea, Financial Troubles of China and some global inflation data seems not so conducive for further growth of market but you never know how markets behave. The ideal thing to do for investors and traders is to protect their Capital and Profits through stop losses and trailing stop losses. Volatility in the market will remain a key factor till Fed decides for a rate cut which doesn't seem likely till mid July 2024 or later. Nifty Support Levels: 21966, 21550, 21410, 20961, 20526, 20246 and finally 20052. (Below 20052 closing it will be a total bear market). Nifty Resistance levels: 22126 (Important ATH Resistance) , 22400 (Important Fibonacci resistance, 22752 and finally 23369 (chanel Top).
NSE:NIFTYLong
by Happy_Candles_Investment