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Niftylevels

Proper Breakout and Retest done.Nifty Today broke out from the shackles of the trendline resistance. further Nifty alos re-tested the resistance and gave a positive closing making the shadow of candle for tomorrow positive. 21955 is the final resistance remaining before Nifty cracks 22K again. 21794 and 21870 were the supports that were tested today. Once 21954 is crossed further resistances will be near 22013 and 22062. Supports on the lower side remain at 21870, 21795, 21776 (50 Hours EMA), 21663 and 21643. Nifty might start positive but little bit of Profit booking might come towards the later parts of the day.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY 50 Analysis For Feb 15th!Hii, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 15th, 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 One Resistance Became Support 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. From The Imbalance Zones Expecting A Pullback And After That The Market Shoots UP! 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--Bearish View(21300)??NIFTY INDEX is at crucial zone to move further upside or downside... Price is trading in a channel... price broken the trendline grab the liquidity at 21600 levels. on topside price again created a one more trendline, as of now this is the resistance which lies at 21930-21950 zones. If this trendline acts as resistance, more chances of fall below key level. so if price comes to this levels wait for bearish turn... If there is no bearishness price will continue towards strong resistance at ATH, by facing intermediate resistances at 22050. After the liquidity grab On topside above trendline as well we have chance of fall back...so wait until price to break the key level. check the bullish case-- we have Rally Base Rally.
NSE:NIFTYShort
by IIT-Trader
22
Major up move in Nifty, a good closing above major resistance.Today we saw a major fightback by bulls and closing above 2 major resistances which were 50 and 200 Hours EMA after a super negative start(Gap down due to unfavorable US Inflation data). The closing however is just below a resistance of 21872. A positive closing again tomorrow will give more power to the bulls. Shadow of the candles today is positive. Nifty Resistance Levels: 21872, 21922, 21970 and 22013. Nifty Support levels: 21787, 21739, 21633 and finally 21625(Major 200 hours EMA and Mid-channel Support).
NSE:NIFTYLong
by Happy_Candles_Investment
Once again decent recovery effort by Nifty but stopped by 50 EMANifty made a decent recovery effort on the back of short covering in some of the oversold Nifty stocks but again 50 Hours EMA Mother line proved to be too powerful resistance and stopped the dash of Nifty which was aiming to go further. Also there is a trend line created resistance which might hinder the growth of Nifty Further. It looks like Nifty might squeeze further in the triangle created between the two trend lines. Till we get a closing above 21857 I do not think we are in a safe zone. Only after we get a closing above 21857 bulls can think of making a come back. Nifty Supports: 21663, 21620, 21549 and 21459. Below 21459 levels of 21351 and 21285 are the only supports for Nifty before bears take full control. Nifty Resistances: 21749, 21796, 21836 and 21857. Above 21857 21922 and 21970 can be the resistances before Nifty can gain 22K levels again.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Drop Base Drop??Nifty showing strong bullishness from Golden Zone... price is now at breakout level, if price breaks above then liquidity on topside will done at 21880 and 21950 levels. If price unable to breaks the upside...a Drop base drop is going to observe from this levels. On bottom side we are left with bullish gap 21400 levels... if price unable to break above price clears the bullish gap left below... buy setup and sell setup are given in the previous post, please go through it. If price tests the demand zones at 21300-21400 levels look for buy side.
NSE:NIFTY
by IIT-Trader
2
NIFTY--@Traingle Breakout??NIFTY Index is now at golden zone of fibonacci we are still left with some more points on the bottom side at 21500-21520 levels... previously a strong bullishness is observed as well from this zone... price is also trading narrow in a trendline most chances of breakout from this levels... wait for the price to break the trendline and retest for longer side... otherwise a continuation may happens... on bottom side we have strong support lies at 21300 levels... keep mark this zone as well,if it will continue downside will look for buy at 21300 levels... price clears the liquidity at 21600 levels.... ---------------------------------
NSE:NIFTYLong
by IIT-Trader
24
Sell off continues in Nifty. Strong Sell off continued in Nifty with major sectors like PSU and Private Banks, Public Sector companies, Small and Mid-Cap seeing no respite in mass sell off. In one way the sell off will cool down the RSI. Lot of these companies are seeing a cuts like hot knife cuts through butter slab. Amongst the fallen the companies which have given good results or seemingly decent results will be the first to bounce back. Saving grace was today Nifty giving a close just above 200 Hours EMA and just above or at par with mid-channel support. Nifty Resistances from here will be at 21698, 21758 to 21796 (Strong Resistance Zone), followed by another important resistance at 21851. Above 21851 closing Bulls will be back to calling shots. Nifty Supports from here on will be at 21613 (Very important support just round the corner, 200 Hours EMA), 21549 and 21459. A closing below 21459 will make the bears more powerful and will drive Nifty towards the support levels of 21351 and 21285. Bottom of the current channel is near 21100 below which market will be in total control of bears. If we can get a proper closing above 21613 tomorrow that is if this level is not broken we can see a fight back of bears tomorrow or later in the week.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Bullish View (22.5K) ??Bullish Scenario:: ----->> if price breaks the trendline on topside.. price will reach ATH, and facing resistance at ATH.. before going to reach ATH ,on topside we have intermediate resistances at 22050 level.. ---->>if price opens upside above 21950...we have consolidation chance between the trendline and 22050. If price consolidation for the entire day, and price closes at ATH. Then we have chance of Gap down(If Bearish view)..continue moving downside and will test 21300 level of demand zones. or Continuation may happens to upside...Keylevel to watch--21800. if trendline acts as support...Wait for the trendline retest, Price again tries to test the trendline and moves upside for targets of 22450,22600 levels,
NSE:NIFTYLong
by IIT-Trader
21
NIFTY--Consolidation or Bearish??look for bearish from 22050 and trendline... Keep in long side as long as price is above the 21950 levels... if you want to go short wait for the price to facing the resistance from 21875 key zone If price takes the support at trendline or 21950 go bullish by keeping the SL at Key zone. we have a chance of consolidation between the zones 22050 and 21950 and manipulation to ATH, and then Distribution to downside. Keep safe here...price is now at turning point... Have a look at the Bullish Continuation and Bearish view for complete analysis.
NSE:NIFTY
by IIT-Trader
2
NIFTY--Double Top or Inverse H&S ??Need some more trading sessions to analysis, to confirm upside or downside?? 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
11
Nifty Confirms 50 EMA (Mother Line) Support and rises ahead.Nifty today confirmed the 50 EMA Mother line support and raced ahead only to be stopped by resistance zone near 21950-21964. Crossing and closing above 21964 will unleash further upside and can take Nifty towards 22063 or 22127. Peak of the rally based on the current trend lines can be near 22357. Supports for Nifty are now at 21819, 21779 and finally 21561. Closing below 21561 will give a chance to the bears to wake up from slumber.
NSE:NIFTYLong
by Happy_Candles_Investment
weakness persisted in Nifty after a good start. Weakness was seen in Nifty after a strong start perhaps due to situation in China and developments in the Middle East as tensions are escalating to a certain extent. Purely on Technicals there was a shooting star daily candle formed on Friday and today on the hourly chart a miniature sort of Head and Shoulder pattern is formed. These to formations indicate weakness setting in Nifty and the trend can continue for rest of the week or even few weeks to come. For weakness to persist however Nifty has to break Two important supports which are at 21740 and 21536. These Two levels are potential reversal zones.If 21536 is broken further supports will be near 21449 and 21290 or 21136. Resistances on the upper side for Nifty will be at 21815 and 21964. We are at a critical juncture near trend line as well as 50 EMA support 21740. Tomorrow is an important day closing below 21740 will strongly suggest further weakness.
NSE:NIFTY
by Happy_Candles_Investment
Runaway Train of Nifty Was halted by ATH Resistance. Runaway Train of Nifty Was halted by ATH (All Time High) Resistance. From the Early morning Friday Nifty looked poised to make a new high and did so without much stutter. Once it reached All Time high there was heavy profit booking seen in the index. 21800 level however provided a much needed support and Nifty closed well above that range. Support levels for Nifty from here will be at 21805, 21752 followed by strong Mother and Father line support of 50 and 200 hours EMA at 21697 and 21511. Trend changes to negative if we get a closing below 21136. Resistances for Nifty on the upper side are at 21907, 21964, 22064 and 22127. Top of the current trend triangle seems to be near 22351 level.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--Double Top??Nifty index is created a demand zone at bottom levels... strong consolidation is observed today on top at Supply zone, liquidity grab is also done above the same supply zone... if it forms a double top here it is likely to test the demand zones lies below 20800 levels if it failed to make it, then a long continuation may again happens from 21300 levels.... keep safe from this zones. ------------------------------------------------------------------------------------------------------------------ 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.
NSE:NIFTY
by IIT-Trader
13