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Niftylevels

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
Nifty is Squeezing in a tight Triangle. Nifty is squeezing in a tight triangle and within this week or the next will give way on either side with a big breakout or a big break down. Today Nifty respected the trendline resistance near 21832 and also respected the Mother line 50 EMA Support near 21626 where it came in the touching distance near 21658 and reversed to end the day at 21697 just below the psychological level of 21700. Same Set of supports and resistances will come into play tomorrow with very little room left for Nifty to give a break out on either side. Nifty Supports: 21626 and 21482. Nifty Resistances: 21806 to 21852 (Strong Resistance zone), and 21966.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--Gapup or Gapdown?? Price is exactly closed at trendline resistance... which is also a strong resistance... 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
4
NIFTY--22000 0r 20800 ??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
1
Nifty--Consolidation or Bullish??After a strong Bearishness from the supply zone @21700 levels price gives us some retracement to enter again shortside... If tomorrow price opens up try to be on short side from 21550-21500 levels for targets of 21000 levels. Liquidity lies above these levels. If consolidation happens at bottom levels then we have a chance of fallback to the bottom support at 21000 and 20800 levels be tested soon.keep in long from this levels. we have a chance of continuation down side possibility is more,trade with less quantity.
NSE:NIFTY
by IIT-Trader
12
Very good Daily candle showing the fightback of NiftyWe saw a very good Daily candle showing the fightback of Nifty a closing above important résistance of 21421 indicates that we might be heading towards 21500+ tomorrow if global factors keep the things bright. In this case the resistance that Nifty will face will be at 21582(Major resistance), followed by 21684 and 21772. On the lower side the supports for Nifty will be at 21412, 21137 and 21080 (Major support 50 days EMA and Mid-Channel resistance). Things are poised interestingly with shadow the candle looking slightly positive for the start tomorrow.
NSE:NIFTYLong
by Happy_Candles_Investment
Strong Resistance ensures steep fall in Nifty. Strong Resistance zone of 21607 to 21857 sends Nifty in a downward spiral and makes it topple towards 50 days EMA(Mother Line). This has lead to frantic fall in RSI of Nifty. On 15th January the Rsi of Nifty was 73.88 today it is 44.88. Still little bit of cool down in RSI can not be ruled out. The immediate support for Nifty is near 21218. This is a weak support which may not hold but you never exactly know. The next support if 21218 is broken will be near 21065. 21065 in not only the Mother Line (50 days EMA) but also the mid channel support on the daily chart making it a very strong support. If 50 EMA does not hold the bears will tighten the grip on the stock market and may try their best to bring the Nifty to 20794. Holding 21065 or 20794 will be very important and the levels to watch out for. If these do not sustain we may see 20297, 19849 or even 19738.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--@Trendline Retest??Nifty broken the major trendline In the previous sessions price is retested the same trendline and showing Bearishness from the supply zone.On bottom side strong demand zones lies at 20800 levels. If this trendline acts as resistance we will observe a continuous Bearishness in nifty upto 20800 levels. If we observe consolidation between 21700-21300, will expect a fall below 21300 and then have a rise again towards ATH. Note: If trendline failed to push down side, liquidity grab above the trendline will observe and a fall happens again.
NSE:NIFTY
by IIT-Trader
1
Nifty positional making money.Monday intraday<> Mild gap up or flat opening will be good to go longs and resistance should hit first before it takes support once again. Huge gap down will be neglected the view. IMPORTANT-20300-20500 gap will fill before budget or after the budget it may fill depending on financial news. >Just follow the trend you will never be in loss. >Don't predict before closing levels for traps. >Wait for the retest level which will be secure and can avoid huge losses. >Profit bookings according to your capital %. >Don't use indicator on daily basis as stop loss can hit easy.
NSE:NIFTY
by adarshkhatwate
Mid-Channel Resistance again stops Nifty and pushes it down50 hours EMA (Mother line)(Those who know my Mother/Father/Small Child story can understand it very well) was a very important resistance to be crossed and held today but Nifty could not hold on to it after crossing it once. In addition to the 50 EMA there was also Mid-Channel resistance. which could not be crossed. Additionally there is a trend line resistnace, Nifty has to cross this for further growth. There was lack of volume and next week is a 3 day week so lot of traders/investors did not carry long positions. The support and resistance zones remain at: Support Zone : 21539, 21430(Very important 200 hours EMA) support (Father Line) and finally 21285 (Channel bottom support). Bears can tighten their grip below this point. Resistance Zones : 21600, 21674 (50 Hours EMA)(Mother Line), 21756 (Mid Channel resistance) and finally 21847. Above 21847 Bulls will strengthen their grip.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--Supply zone@21700 ??After a strong fall, expecting some retracement in nifty. on topside supply zone is identified at 21650-21700 levels. so liquidity is lies above and below this levels, after testing these levels again have a chance of fallback to test the demand zones at 21300 levels and at 20800 levels. If 21300 level fails to push it upside, quick drop and rise will see in coming sessions. so this week mostly in this range 21700-21300 levels. Be careful, long after 21700 short below 21300.
NSE:NIFTY
by IIT-Trader
10
Nifty trapped between strong support and strong resistanceRight now Nifty seems to be trapped between strong support and strong resistance. The support zone is 21415 to 21581. Resistance zone is 21670 to 21847. Nifty needs little bit of consolidation in the range. Results from various companies will drive the nifty forward in either direction. The interim budget is also around the corner that can also be a guiding light for Nifty. Wild swings in either direction in addition to Geo-Political events can also turn the fate of Nifty and things can turn cloudy in a session or two. My advice for now will be stick to large caps and selective mid and small caps with ethical management and strong fundamentals and avoid companies with low durability, high debt, high pledging and questionable ethics. Which should be the case anyway but more so with Macro and Micro global situations and events which are in progress and around the corner.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty trying to form bottom after taking channel bottom supportNifty trying to form a bottom after taking channel bottom support. Nity touched the bottom of our hourly channel and trying to consolidate in the zone. Major support for Nifty from here will be 21405 (200 Hours EMA) (Father Line) and Channel bottom 21285. If 21285 is broken Nifty may fall further till 21089 or even 20967. On the way up major resistances that Nifty will face now are 21544, 21650 and 21715 (Major Resistance 50 Hours EMA). Also note that Mid channel channel resistance is also near 21740 region. So 21715 to 21740 will be major resistance on the way up. Nifty might try to stage a recovery tomorrow but let us see if the levels hold. Weekly closing is important with Geo-Political tensions rising between Iran and Pakistan. As well as Afghanistan and Pakistan.
NSE:NIFTYLong
by Happy_Candles_Investment