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Nifty Outlook 1st to 5th July 2022. Can the rally continue?Will the rally continue or fizzle out? Is the big question. After a fantastic week where we saw Nifty end at 17158.25 after taking support from 200 days EMA we are set for another week where Nifty where Nifty is in the position to move forward if it can clear few resistances that are up and ahead. The support levels for Nifty on the down side are 17028, 16947, 16747 and finally 16535. Below 16535 which looks unlikely for now Nifty can go to the levels of 16430 or 16304. The resistances Nifty has on the way up are: 17213, 17333 and 17431. Above 17431 major hurdles will be 17649 and 17798. These 2 levels (17649 and 17798) can be crossed if and only if there is a massive participation from FIIs, DIIs and Retail investors.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty trying to break free form a long term down trend.Nifty trying to break free form a long term down trend 16277 can be a resistance which will take some doing to cross. if it is crosses the next resistance will be at 16498 and 16796. Support for Nifty is at 16135, 16033 and 15993. Good going so far the greatest thing today is that the rally is lead by the most laggard index off late that is the IT index. Things will start to look good if Nifty closes above 16150 today..
NSE:NIFTYLong
by Happy_Candles_Investment
#Nifty || 15th July 2022 || Falcon Trader Analysis for #Nifty50 Nifty moved as per Falcon Waves, and almost all our levels were correct with Target Line (Purple Horizontal Line) was also achieved. By now you know that market moves in zig zag fashion, to form higher lows or lower highs, now Nifty needs to move up and form a lower high, and this will mark Falcon Wave 4. Clear Chart: US Markets are not looking great and might bleed. I had shared Dow Jones chart few days back, and some downward pressure is there - and pending waves left. For crypro - I am still looking for up move, however we will get good shorting opportunity and same correlates with Nifty too. Some key points to keep in mind, We have already reached 23.6% for wave 4 today (13th July 2022) so we might just get some more to complete 38.2% or we start going down from flat opening tomorrow. Once you know this, you know what to do. Next after wave 4 is wave 5, that will have 5 waves down - will be interesting!
NSE:NIFTYLong
by Falcon_Trader_1
3
Nifty 50 Intraday Trade Setup for 12th June 2022Nifty 50 Index ended flat on Monday amid selling pressure in IT shares, after TCS’s quarterly performance fell short of Street estimates. Investors await more of financial results from India Inc for domestic cues. Index traded in the range during the first half and shoot up nearly 130 points from the day's low before erasing some of the gains. Intraday The index is taking support from a dynamic trendline. Upward momentum will continue above 16,300. Breaking of the trendline will indicate loosing of upward momentum and we will consider shorting below 16,160 for a target of 16,110 if the index sustains below 16,100 next target will be 16,000. Daily Time Frame ================= Continuing from yesterday’s analysis, the XABCD pattern is activated. Key levels: Resistance: 16,450/500 (Harmonic PRZ) Support: 15,950
NSE:NIFTY
by CodeViser
Nifty Trade Setup Based on SGX movement for 11th July, 2022Daily TF – Weekly Range The index has stopped making lower lows and broke the previous swing high of 15,950 levels (after retesting) and downward trendline resistance, activating the XABCD pattern and is likely to face resistance at 16,475/500 levels (Harmonic PRZ), which if it sustains can retest the major previous swing high of 16,800. The range finally shifted after 2 weeks of consolidation. Does this indicate a short-term trend reversal? We are still in a declining market and will have to wait for additional confirmation of the index sustaining 17,000 to confirm the trend reversal. 15,950/16,000 levels which the index broke previously will act as good support. Weekly Range – 15,950 – 16,500 1Hr TF – Intraday The index traded in 120 points range on Friday and the range break can give good momentum on either side. Key Levels (targets if levels broken) Support: 16,150 (target – 16,070 – XABCD Hrly PRZ) Resistance: 16,300 (target – 16,475 – XABCD Daily PRZ)
NSEIX:NIFTY1!
by CodeViser
Nifty 50 Intraday Trade Setup for 08h July FridayThe Index closed in the green on expiry day and maintained a positive sentiment in the market. Today is the last day of the current week, and today is closing matters on the weekly chart. On the daily chart, The Index has given a breakout for the phycological level(16,000) and sustained above. The main question is, " does the bullish sentiment continue ?"Multi-time frame analysis helps a lot in finding the answer to this question. ABCD pattern activated, and the PRZ area is 16,344 XABCD pattern also triggered, and the Harmonic PRZ area is 16,610 for the short-term swing Hourly chart (Intraday ) ================== Used hourly TF to calculate the Intraday levels for the Friday trading session. The lower Time frame also has a Positive Price structure for the target of 16,268. Intraday Resistance : 16,150 Intraday Support : 16,000
NSE:NIFTY
by CodeViser
1
Nifty 50 Intraday Trade Setup for 05th July 2022Nifty50 Index on Monday snapped a three-day losing streak and closed higher on Monday. The U.S. market was closed for a holiday yesterday and hence in the absence of strong global cues, we are likely to see a flat or slightly positive opening. We are still in the declining markets which are always tough for intraday traders because of the sudden up and downside moves and one must be ready for it. Nifty 50 Index – Daily TF After hitting a fresh 52-week low of 15,183, the index has given a good recovery and has stopped making lower lows. The index is consolidating in the wider range is 15,950 / 16,000 to 15,500 with a positive bias. A sustainable up-move above 16,000 (psychological resistance) will activate the XABCD pattern and is expected to pull the Index towards the next resistance of 16,300 and then towards 16,600 after gap fill. If the index fails to sustain 15,500, it can retest the previous swing low of 15,180/200 and we can see more fall below these levels to 14450/500(ABCD pattern getting activated). Nifty 50 Index – 2Hr TF The index is taking support from the dynamic trendline and is facing multiple rejections on the upside forming an ascending triangle pattern. A fresh uptrend rally is possible if the index breaks out and sustains 15,950/16000 levels and the index can test 16,300. However, if the index fails to sustain the previous swing low (15,500), it can fuel a downfall to 15350/15,200 levels.
NSE:NIFTY
by CodeViser
2
Nifty Outlook for the remainder of the week 5th to 8th July 2022Market is trying to affirm the positivity for the time being and trying to make positive moves but facing resistance in the range of 15800 to 15950 range. It is once again making an attempt to bring about positivity but it can last only if the critical resistances around the specified range is crossed. Otherwise once again it will go downwards searching for supports. Supports for Nifty remain at: 15776, 15671 and 15506. Below 15506 the Nifty can fall to the levels of 15342 or even 15183 levels. Resistances on the upper side remain at: 15865, 15923, 16023. Crossing and holding above 16023 the Nifty can jump to 16174 or 16200+ levels.
NSE:NIFTY
by Happy_Candles_Investment
Nifty 50 Support and prediction levelsNext support level for nifty. Rebound is going to come from somewhere between 15310 - 15120 - 14900 level. This rebound will take nifty to level of 16000-16400 and next 3 months nifty will spend between the 15300-16400. By Sep - Oct nifty will make bottom at 14400-14300. There are lot of reasons technically 1. 20% correction from the top comes at 14900. 2. 15120 stands at .78 fib series of short term chart 3. Support level at 15300 Trading range after that would be 15300 - 16400. 16400 has been strong support level in the past which will become its resistance. Meanwhile nifty will struggle to cross 15700-15800 which will be very strong resistance on short term charts. In near term nifty will time-pass between 15200 - 15800 range. This might go on for next 3 months i.e till sep. By sep a fresh and last round of downfall will lead nifty to level between 14380 - 14130 - 14000 and that is where nifty will start it's pullback rally. Rational behind it is: 1. 14380 is at .382 Fib series on long term charts. 2. Never in past nifty has breached .382 on long term charts
NSE:NIFTY
by KapilVaish
2
Nifty Trade Setup for 14th June. 2022Nifty 50 Index crashed 453 points on Monday amid a global sell-off triggered by fears that a fresh 40-year peak in US inflation will prompt Fed to hike interest rates more aggressively. The India VIX jumped 14.3 percent to settle at 22.4 on Monday, its biggest single-day jump in seven weeks. Index once again could not hold onto the psychological levels of 16,000 and is on the verge of crucial support at 15,650-15,700 levels (Harmonic PRZ of XABCD). The index has almost retested the March 2022 low i.e. around 15,670 levels and its breakdown would pave the way for further decline towards 15,450 levels. In a matter of 7 trading sessions, the index has fallen nearly 1000 points, from the highs, in an impulsive down-move, and one should look for a pullback from around 16,000 levels for considering fresh short positions. It is not easy to handle a Bear. Neither in the forests nor in the Markets. The market will be highly volatile, and Traders must look for a pinpoint entry for short positions. Moreover, the US Fed meeting on Wednesday would induce further volatility.
I
by CodeViser
Nifty Trade Setup for 08th June. 2022The Nifty50 index extended losses for the third day to close a percent down yesterday, on caution ahead of the Reserve Bank of India’s monetary policy committee meeting outcome. As per our live trade set-up shared yesterday, Index made a dot reversal from ABCD PRZ level (16,346) but lacked momentum and traded in a range throughout the day thereafter. Even though the index reversed, only an option seller would have made money. That is why it’s important to choose the right segment. Intraday On a close-to-close basis, Index once again defended its strong support at 16,400/450 levels. The index has stopped making lower lows and broke the downward trendline resistance, activating the XABCD pattern with a potential target of 16,580 (if 16500 is broken and sustained). We will consider a short position only if the index sustains below 16,350 levels with a target of 16,270 (ABCD pattern on hourly TF). The index can also retest 16,000/50 levels if the negative sentiment continues. Volatility is likely to persist and a clear direction may only emerge after the RBI policy outcome.
I
by CodeViser
1
Nice setup for NIFTY.Market momentum is back for the time being as NIFTY has sustained above 16400-16495 zone which was a strong resistance. On Monday the market closed at 16664.1 which is just below another strong resistance zone of 16690 to 16753. Crossing this zone, we can see a rally up to 16900-17300 zone. Resistance levels: 16690, 16753, 16959, 17100 and finally if the momentum sustains we can arrive up to the mega resistance of 17385. Support Levels: 16500, 16219, 15913. The range between 15886 to 15700 is a mega support zone.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty update for 30th May 2022In yet another week of consolidation, the Nifty 50 Index stayed in a broader range of 15,700-16,400, ending near the upper edge. The index is on the verge of taking out key resistance at 16,400. The volatility also declined during the week. India VIX fell by 7.01% to 21.48. The index has stayed in the same range for three weeks in a row now, and it is making visible attempts to inch higher. The index has stopped making lower lows and formed a strong base at 15,700 levels (‘triple bottom’) and is currently trading near an important resistance of 16,400 – which will likely be broken with a gap up opening today and is expected to act as support going forward. Breakout of this level (after pullback) will confirm a trend reversal after a good accumulation phase. This will also activate the XABCD pattern with potential targets of 17,000 and 17500/600. If the index fails to sustain 16,400, it will go back to the range in which it has been trading for the last 3 weeks.
NSE:NIFTY
by CodeViser