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Nifty 50 Trend AnalysisIt is moving inside a descending broadening wedge pattern inside a bigger descending broadening wedge pattern highlighted. Expecting Nifty to hit 16630 level before the last dump towards 14920 level. 16630 level is at the confluence of 50 MA, trendline resistance and the top of the runaway gap which is going to get filled along with strong bearish divergence on Daily RSI. I have highlighted some of the areas where NIFTY fell sharply after touching 50 MA. I don't expect we are going below 14900 level because the lower edges of both the wedges and key support trendline are in confluence. Other macroeconomic factors supporting my view are Dollar Index and INDIAVIX. Both are expected to give the last push upside, which will mark the bottom for NIFTY 50 and other indices. Do your own due diligence before taking any action. Peace!!
NSE:NIFTYShort
by Swastik24
2
Nifty Updates for Next week - 20th to 27th May 2022Nifty 50 Index crashed sharply on Thursday and lost over 2.6%, on the back of weak global cues. This was a sentiment-based fall led by the meltdown in the US markets, on the fear of aggressive rate hikes. Heavy selling was in the index majors across sectors wherein IT and metal majors were among the top losers. The index has once again completely reversed the recent gains and closed near March lows, forming a strong base around 15,650 levels (‘Triple Bottom’). On can look at the declining market as descending steps with the base of the step acting as a support, and we are currently at once such a strong base. The index has been in a downtrend since April (making Lower Lows and highs) but has stopped making a new low (getting rejected 3 times). On a 2-week close to close basis Index has made violent moves both ways but is flat, indicating the indecision in the markets and giving an essential range to watch out for 16,350 – 15,650. A breakdown of the current support base will activate the ‘ABCD’ pattern and can take the index to 15,000 levels. Short-term trend-reversal is possible only if the immediate resistance at 16,350 is broken and sustained, which in turn will activate the ’XABCD’ pattern and can fuel a small rally towards 16,650-700 levels.
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by CodeViser
What to expect from this fall - NIFTY50 (Indian index)After today's gap down nifty back to range of 16000 resistance and 15650 support zone Day trader will look to trade between this range on 400-500 pts. 15880-15850 to 15760-1730 will be the mid short range Reversal can be considered only when the 100 Ema on hourly chart will be crossed and closed above (as per my analysis) Will update further levels of the price goes beyond given levels Share your opinion views in comment and if you like me to review any of your stock send the names in comment
NSE:NIFTY
by Jimmy_Rebello
Nifty Updates for Next week - 16th to 20th May 2022Nifty 50 Index ended lower for the sixth straight session on Friday, reversing from earlier gains. The index logged its fifth straight week of losses, the longest weekly losing streak since the Covid-19 crash, breaking the critical psychological level of 16,000. India’s retail inflation came in at an 8-year high, and RBI indicated its intent to get the repo rate back to pre-Covid levels, adding fuel to the already weak global cues. India VIX also shot up to 23.48, indicating the fear in the markets. Week ahead The index has been in the downtrend since April last week, making lower lows/highs, facing the downward trendline resistance. After breaking the 16,000 index made an impulsive down-move and took support near the 15,700 level. A short pullback was sold into, facing resistance at the half-bat pattern (16,070), which will now act as a major hurdle. Short-term trend reversal will be possible only if this level is broken and sustained. A break above this hurdle will see the rise extending up to 16,400. A breakdown and retest of current levels will activate the ‘ABCD’ pattern, which can take the index to 15,400 levels. 16100-15700 is the important range to look out for the week. As the result season nears its last leg, markets will focus more on global cues to determine its direction. In India, WPI figures are expected to be released, and the most awaited IPO, LIC will be listed on the bourse during the upcoming week. Will the market bottom out? or are we here for more pain? Follow us for real-time updates as the week progresses.
NSE:NIFTY
by CodeViser
4
Nifty 50 Updates for next weekAfter consolidating for two weeks between 16,800-17,500 levels, Nifty 50 Index finally broke the range and continued to fall sharply, triggered mainly by surprise interest rate hike by the RBI, hawkish commentary from US Fed and mixed corporate results. The short-term trend has turned bearish and it is likely that markets can further slide lower. The volatility climbed above the 21 mark again, indicating that the trend may be in favour of bears. Week ahead The range break during previous week has triggered ABCD (as discussed in previous weeks analysis) and XABCD Patterns. Index has formed a doji candle on the daily charts, after a significant fall and the breakdown and retesting of PDL of 16,350 will fuel fresh down-move with targets (PRZs) of 16,200 and 16,000 (Key support) respectively. One can look for a reversal in shorter timeframe in this strong demand zone. Any pullback rally is possible only if 16,500 levels is sustained with resistances at 16,650 and 16,800 (Strong resistance). Pullbacks may be short-lived as we are currently in a ‘sell-on-rise markets’ and one should keep trailing profits or keep targets small on the long side. 16,000-16,800 is the likely range for the Index in the upcoming week and volatility is expected to remain high. Carrying unhedged positions may be risky because of the gap downs / ups and its advisable to keep the position size low. On the news front, Markets will react to RIL results in early trade on Monday. US, China and domestic inflation numbers, Data on India's industrial output, and manufacturing output will keep Indian markets on edge. Follow us for real-time updates as the week progresses.
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by CodeViser
Brilliant Recovery By Nifty. Imp support and resistance levels.Nifty closed 151.75 above days low. although the day ended in negative as Nifty closed at 17069 but the fact that Nifty took support above 200 days EMA is heart warming for investors. Follow up candles and what happens in the coming days is important as US Fed meets later this week and there are important upcoming announcements for global Central banks later this months. Important Support Levels will be: 16917, 16867, 16788 and 16554. Important Resistance levels will be: 17099, 17375, 17442 and 17650.
NSE:NIFTY
by Happy_Candles_Investment
Nifty is in down trendPrimary Trend for a week on a 15 min time frame is uptrend. But last 1 one hour of previous trading day there was a huge selling. Nifty has fallen about 300 points and closed at 17111.06 that is below near weekly pivot of 17102.55. Nifty is trading between 16800 to 17400 for 2 weeks. Everytime it broken 17000 on lower side it took support around 16800 to 16900 and bounced back to 17000. In previous fall there was a support around these levels that's holding the nifty from falling. Because of weakness in global markets SGX nifty indicating open gapdown about 200points at 16900. That is Far below daily pivot of 17177.82 and weekly pivot of 1722.97
NSE:NIFTY
by Kathirvel-DRaj
Nifty 50 Updates for next week April 24Continuing the analysis of Nifty50 as per the idea shared on April 19, the following are the events that unfolded. 1. Price reversed from the PRZ at 0.886 (17150) and found resistance at the confluence of the last swing high and the trend line coming from the top at 17300, triggering a late sell-off on April 19 - on the back of some news related to the Russia Ukraine war 2. The sell-off was so severe that Nifty50 breached 17000 and met the 1.13 PRZ at around 16870 levels in a flash 3. When everybody had turned bearish, the next day, April 20, saw a gap up opening above 17000, and the index posted a splendid recovery until 17500 levels on April 21, creating a highly bullish candle 4. At this point, Nifty50 had formed a half-bat pattern as shown - with 17500 as a powerful resistance level 5. When everybody was bullish because of the strong closing on April 21, the index surprised everyone with a gap down around 17240 levels - thanks to the half-bat pattern! 6. The day continued to be bearish, with Nifty closing around 17170 levels on the spot 7. During this same period, world markets have been bearish, with Dow falling almost 2000 points till the closing on Friday (April 22) and SGX nifty closed on Friday around 17000 levels after our market hours. 8. Coming into the last week of April, Nifty50 is posted around a critical range between 16800 and 17500. An ABCD pattern is visible from the point of rejection around 17500. 9. Now, coming to the possibilities for the week, these are the things that could happen a. Nifty50 opens gap down on Monday per the global cues and breaches the 16800 levels - this will activate the ABCD and the probability of testing levels around 16230 opens up. b. Nifty50 opens the gap down and regains 16800 levels forming a double bottom around these levels. In this scenario, two things can happen i. Nifty50 goes sideways and trades in a range between 16800 and 17500 with high volatility ii. Nifty50 gains momentum and breaks the 17500 barriers to become bullish and thus will form a ‘W’ pattern to scale 18000 in the May Series 10. Looking at the news flows over the weekend, things are very mixed - ICICI Bank has posted a good result, as Reliance - Future Retail deal off is not a good sign 11. Overall an exciting week ahead - we will keep you posted on how the views pan out as things evolve
NSE:NIFTY
by CodeViser
NIFTY | Might see a big drop.When it comes to the technical analysis of NIFTY, you might get an impulse to the downside. Based on my technical analysis , there aren't many supports till the Target 1. So you may use this as a sell opportunity. If you are going in, better find a pullback. I have marked a good entry area on the chart; you may use it as an entry area. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. If you find this technical analysis useful, please like & share our ideas with the community. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
NSE:NIFTYShort
by maxprofwizard
Simple Trade Setup | NIFTY | 18-04-2022 [INTRADAY]NSE:NIFTY Trade Setup for 18-04-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
Nifty-08/04/2022-LevelsHello Traders, Nifty-08/04/2022-Levels ------------------------------ If Market Opens as a- GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL) FLAT: Support of IMP (BUY) – Rejection of PDL (SELL) GAP-DOWN: Support of S@1 (BUY) – Rejection of PDL (SELL) ------------------------------------- Happy Learning and Trading Rules to fallow... 1) Trade with Strict Stop Loss. 2) Trade with Small Quantity. 3) Take entries based on Support & Resistance Levels. Please take the trade according to the levels marked, with Risk-Reward. This is not a Buy or Sell recommendation to anyone. Take entries after your own analysis. This is for education purpose and a helping hand to learn trading in market. NOTE: Trade with Strict Stop Loss. It may or may not hit all levels. So one can book profit / loss at respective level considering how price action works near that level. I hope you all like my analysis. Follow me to get regular updates. Please do share your thoughts in comment section. Please Hit a LIKE , it motivates me to do analysis and do share with your trading friends. SHORT FORM &FULL FORM ------------------------------- PDH-> Previous Day High PDL-> Previous Day Low PWH-> Previous Week High PWO-> Previous Week Open PWC-> Previous Week Close PWL-> Previous Week Low IMP -> Important R@1, R@2,R@3... ->Resistance-Zones S@1, S@2,S@3... ->Support-Zones M_S -> Major Support S_H -> Swing-High S_L -> Swing-Low D_T -> Double Top D_B -> Double Bottom T_T -> Triple Top T_B -> Triple Bottom TF -> Time Frame BO -> Break-Out RR -> Risk-Reward SL -> Stop-Loss GAP -> The area b/w Previous Day Close and Today Open Blue Color Text(S@*,R@*)-> Act as Major Support or Resistance-Zones(Be Alert, Chances to Market take Reversals )
NSE:NIFTY
by SriTrader5121
NIFTY 50 Trend AnalysisScenario 1 The chart pattern looks like a descending broadening wedge which is a bullish continuation pattern. I am expecting bottom to be around 15000-15300 levels if the above mentioned pattern plays out. For more confluence to my idea, you can check volatility index and dollar index linked below. VIX is at reversal point with bullish divergence in RSI and DXY was long posted but still following what I mentioned then. Now it is about to break out of the bull flag and head higher. Both these will add more bearish pressure to stocks. Death Cross is also likely to play out in couple of days, which is also highly bearish. Scenario 2 If 16800 level will provide support then reverse H&S pattern will play out. Scenario 2 is more likely because most of the stocks already bottomed out and will make higher low for bullish continuation. Will see what happens. Peace!!
NSE:NIFTYShort
by Swastik24