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Niftylevels

Mother & Father resistance on Hourly chart stops Nifty progressThe zone between 25234 and 25313 has resistances like Mother line, Father line and today's high. Crossing this zone will be important to cross for Nifty to progress further. If this zone is crossed the next targets or resistances will be at 25481 and 25687. Supports for Nifty are at 24932, 24667 and 24470. Below 24470 Nifty will become very weak. RSI median line at 43.59 is support and mid channel RSI at 50 will be the resistance. Shadow of the candle currently is neutral to positive. Nifty is squeezing between support and resistace trendline and can give a move in any direction tomorrow. Not sustaining the highs of the day was a negative sign but we all know taking mother and father ashirwaad (Closing above mother and father line is never easy when they are in resistance mode). Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Short Mastery on 15m Time Frame: 940 Points SecuredOn the 30th of September, we initiated a short entry at 25996.85 using the Risological Swing Trader, capturing a robust downtrend as the price continued to respect our dotted trendline indicator. To date, this strategy has delivered a significant 940 points in profit, exemplifying the effectiveness of our approach. Target Points: TP 1: 25823.50 TP 2: 25543.00 TP 3: 25262.50 TP 4: 25089.15 Stop Loss (SL): 26137.10 The Risological Swing Trader has once again proven its strength in spotting market reversals, allowing us to secure substantial gains. We will stay vigilant as we approach the reversal.
NSE:NIFTYShort
by ProfitsNinja
2
Good recovery candle by Nifty but Mother line yet to give way. Nifty gave a good recovery candle but Mother line resistance and mid channel resistance are yet to be conquered. the zone between 25052 and 25332 will play as a strong resistance as it contains resistances like Mother line (50 days EMA) at 25052 , Mid channel resistance around 25148 and a resistance from previous peak from mid september which is around 25332. Once this zone is crossed Bulls will try to take the market to the next levels which are 25481, 25657, 25992 and 26K+ again. The supports for Nifty remain at 24677, 24470, 24216 (channel Bottom support), 23942 and finally 200 days EMA or the Father line support at 23274. Below 23274 is all Bear territory. As we had indicated the market looked oversold yesterday there was a chance of short covering which happened today. Confirmation candle above 50 EMA tomorrow or later in the week will be an icing on the cake from where actual recovery can start. The candle formation today was similar to Bullish Harami pattern. (Harami in Japanese means Pregnant woman). Bullish Harami indicates shadow of the candle to be positive. The pattern can get confirmation only if the bullishness continues tomorrow and we have a positive closing of the week. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Nifty again finds itself at make or break level. Mother father supports drawn on hourly candle are gone. Mid channel support is just breached. Shadow of the candle is negative. RSI finds itself at critical level in a pennant. Nifty is still oversold territory in the hourly chart. When everything seems lost we wait for the confirmation that Nifty can give about it's temporary bottom. The support for nifty as of now seem at 24667 Bollinger band bottom support, 24470, 24216 and finally 23942 level. Resistances for Nifty are at 24935, 25147, 25574 and finally 25740. The recovery might be around the corner we can expect a turnaround but probably towards mid-week, weekend or next week.
NSE:NIFTY
by Happy_Candles_Investment
Nifty50 analysis for upcoming week 7-11th Oct 2024The Indian stock market had a volatile week, primarily driven by the escalating Iran-Israel conflict. The Nifty 50 index closed at 25,014, down 1,170 points from the previous week's close. The index made a high of 26,134 and a low of 24,966 during the week. For the coming week, the expected range for the Nifty 50 is 25,600 to 24,400 . A breach of these levels could lead to further volatility. The crucial support level is at 24,450, which is the WEMA21 support. If the index breaks below this level, a correction towards 23,000 is possible. On the other hand, the S&P 500 index closed at 5,751, forming a bullish hammer candle, which is a positive sign for the US market. If the S&P 500 can sustain above 5,800 next week, it could rise further to 5,820, 5,899, or even 6,012. A strong performance in the US market could help Indian markets recover. Overall, the market outlook for the coming week remains uncertain due to the ongoing geopolitical tensions. However, there is a possibility of a bounce in the market, especially if the S&P 500 continues to show strength.
NSE:NIFTY
by ssudhirsharma11
Nifty looking weak after closing below Motherline. Nifty has today not respected 2 key supports that are daily Mother line support and Mid-Channel support. After making a high of 25485 Nifty closed at 25014 which is just below Mother line 50 days EMA at 25065. The candle is very weak and Nifty already looking as if in the tight grip of bears and there was massive selling at upper levels. However today's low seems to be a support level. If Nifty has to make a come back it should be during first half of next week. RSI support is at 39.82 and 26 which can be the turnaround zones, right now the RSI on daily charts is at 40.63. Nifty supports remain now at 24966 weak support, 24698, 24384 and finally 23874 Important channel bottom support. If channel bottom is broken (less likely) but by chance if it is broken the only support that will remain at father line which is at 23241. Reaching there will already be a mayhem but below that (again very less likely) the Nifty will shift totally into bear territory. Next week will be very important not only incontext of the remainder of the month but also in context of the last quarter of the year. Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Nifty - The Iran-Israel ImpactIran contributes nearly 3.3% of total crude oil production globally. Nifty has corrected almost 5% due to the fresh conflict escalation between Iran and Israel. Though I am certain that this isn't the end of the conflict, rather, Iran will have to face the wrath of Israeli counter, but unless any third party gets involved except the US, the correction in Nifty (specifically due to this conflict and upcoming war) seems to have completed. Though, I am not bullish on the Indian markets in the short term, mainly due to overstretched valuations of MidCap companies, but I certainly believe that the ongoing correction would seize in the upcoming week. I am hopeful that Nifty will end the current calendar year somewhere in the range of 24750 and 25250 (exactly where the markets stand at the moment). So for me, it is now time to take advantage of this fall and pick fundamentally strong long-term opportunities. This isn't a trading call and is solely my point of view. I have just tried to share my market expectations that I have formed basis my understanding of the economy in general and equity markets in particular. I understand that this is a very bold call specially when the Index has corrected almost 5% in 5 trading sessions, and there is fair possibility of my expectation going wrong. But, I also understand that having a point of view is better than going blank, and failing while trying is better than not trying at all. Consult your financial advisor and do your own research before making any financial commitments.
NSE:NIFTYLong
by Gaurav_Singh_5705
Do not panic button till Mother and Father supports not broken.The parallel channel tops will always be difficult to conquer. Children staying abroad and in far away places coming to meet mother and father once is a while is always a sign of a healthy family. Nifty coming to meet the mother and sometimes the father on daily chart is always a healthy sign. The reasons can be any: 1) SEBI change in rules. 2) Conflict between Israel and various other countries 3) Crude oil prices In the recent Past the reasons were incidents like: 1) Ukraine war 2) US Fed rate cuts 3) Covid 19 Outbreak Major Nifty support is near 25067 to 25040 zone as you can see in the daily chart Nifty is near mother line which is also coinciding with mid channel support and a peak support. This can be the probable turnaround zone. If this support is broken further supports will be at 24804, 24384. The zone between 23995 to 23612 is another turnaround zone as it can be the channel bottom support. 23223 is the final support of father line drawn on daily chart. Below this there can be actual panic in the market. Resistances for Nifty are now at 25439, 25665, 25836 and 26037. Above 26037 bulls will be in super power mode again. Bottom fishing time in premium/High quality/A+ category has arrived. Churn your portfolio around. New themes will soon emerge. Hold on / do not panic / sell stocks where you are in loss / use this fall to churn your portfolio. Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Do not panic button till Mother and Father supports not broken.The parallel channel tops will always be difficult to conquer. Children staying abroad and in far away places coming to meet mother and father once is a while is always a sign of a healthy family. Nifty coming to meet the mother and sometimes the father on daily chart is always a healthy sign. The reasons can be any: 1) SEBI change in rules. 2) Conflict between Israel and various other countries 3) Crude oil prices In the recent Past the reasons were incidents like: 1) Ukraine war 2) US Fed rate cuts 3) Covid 19 Outbreak Major Nifty support is near 26067 to 26040 zone as you can see in the daily chart Nifty is near mother line which is also coinciding with mid channel support and a peak support. This can be the probable turnaround zone. If this support is broken further supports will be at 24804, 24384. The zone between 23995 to 23612 is another turnaround zone as it can be the channel bottom support. 23223 is the final support of father line drawn on daily chart. Below this there can be actual panic in the market. Resistances for Nifty are now at 25439, 25665, 25836 and 26037. Above 26037 bulls will be in super power mode again. Bottom fishing time in premium/High quality/A+ category has arrived. Churn your portfolio around. New themes will soon emerge. Hold on / do not panic / sell stocks where you are in loss / use this fall to churn your portfolio.
NSE:NIFTY
by Happy_Candles_Investment
Nifty trapped between critical support and resistance.Nifty trapped and delicately placed between critical support and resistance. It is also facing a trendline resistance. More than these two factors the situation in the Middle East is also very delicate. Anything can happen at any point in time. Technical indicators are indicating a breakout or breakdown on either side with minute possibility of further consolidation too. So everything depends on the supports that hold and resistances that give way, if they give way. Nifty Supports are at: 25745 (Very important support where consolidation is taking place), 25595 Channel bottom support and 25409 is 200 hours EMA support or the father line). Below 25409 bears can be in commanding state. Nifty Resistances are at: 25829, 25879 (Major Mother line Resistance or 50 hours EMA Resistance), 25991 and 26077 will also be resistances when the Nifty decides to travel upwards. Strictly do not trade/invest without keeping Stop losses and Trailing stop losses. Stop losses protect your capital and trailing stop losses protect your profits. To know more about stop losses, trailing stop losses, Profit booking and investment in Equity in general or Mother, Father and small child theory read my book The Happy Candles Way to wealth creation. Which is available in Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
All around correction on the expected lines. After reaching a new pinnacle Nifty took a dip searching for substantial support. The Nifty which was overbought was looking for some consolidation. FIIs were mainly on the selling side. Sharp declines can correct RSI a lot like we witnessed today. The supports for Nifty now remain at 25794 (Important support level) which can allow Nifty to make a come back right from tomorrow. If not the next support levels will be at 25705, 25595. Below 25595 nifty becomes very weak and has only 200 EMA or father line as support which is at 25381. Bears take over the market below these levels. Resistances on the upper side for Nifty are at 25900 (Mother line resistance of 50 Hours EMA). Above that the next resistance will be 25991 and 26077. Above 26077 Bulls can come back to rescue above this level and take Nifty further to 26150 and above.
NSE:NIFTY
by Happy_Candles_Investment
#Nifty50 outlook for upcoming week 30-4th Oct 2024#Nifty50 surged to a new all-time high of 26178, closing the week up nearly 400 points. The index oscillated between 26400 and 25200, as predicted. For the upcoming week, I anticipate a trading range of 26750 to 25800 . A breakout beyond these levels could trigger significant price movements. Fibonacci support lies at 25800; if breached, 25600 becomes a critical level to watch. A puzzling question remains: Why are many stocks in investor portfolios underperforming despite the Nifty's record highs? Typically, stocks require catalysts or news to rally, which are currently scarce. If the Nifty reaches 27000, large-cap stocks could outperform mid-cap and small-cap equities. Niftybees or ETFs might also be attractive options to capitalize on the Nifty's upward momentum. The S&P 500 also hit a new weekly high at 5738 and appears poised for further gains. Surpassing the 5767 high could propel the S&P 500 to 5821, 5899, or even the significant level of 6013. This positive momentum in the U.S. market could also benefit the Indian market.
NSE:NIFTYLong
by ssudhirsharma11
Nifty Next Week: (Market Outlook)Nifty hit the channel top and reversed in the parallel channel drawn on hourly chart.Swift move towards large caps which are undervalued or valued fairly should also be an investor friendly approach. It is very difficult and challenging to find undervalued or even fairly valued stocks in current market situation. Thus it is imperative to keep your stop losses and trailing stop losses in proper place.This is information is not to instill panic but everyone should keep their stop losses and trailing stop losses tightly in place for protecting the capitals and profits. Sectoral churning and profit booking from mid and small cap and investment in Large caps is also happening. This might be the reason why some of us may find your portfolios performing poorly despite market making new highs every day. Nifty Supports for the week remain at: 26148, 26037, 25866 (Strong support, mother line (50 hours EMA), Mid-channel support and trend line support, 25595 and 25345. Nifty Resistances remain at: 26277, 26336 and finally 26437. To know more about Parallel channel, Mid channel support and resistance, Channel bottom support and EMA vs Mother, Father and small child theory, read my book The Happy Candles Way To Wealth Creation, available on Amazon in Kindle and Paperback version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
Nifty on a record breaking spree approaches another channel top.Nifty again had a breathless run today and closed at 26216 after making a new all time high of 26250. the scope of growing further looks limited but with lot of large caps picking up pace and rotation from mid cap and small cap stocks towards large caps is helping the Nifty move further. FIIs and DIIs are both on a buying again probably indicating a move towards large caps. Heroes of the day today were Maruti Suzuki, Grasim and Tata Motors along with Bajaj Twins, M&M and Shriram Finance. Large cap banks did not much much but are not relenting as well. The parallel Channel indicates the channel top near 26443 with resistances at 26250 and 26338. Supports for Nifty is near 26029. Again the zone between 25865 and 25812 will be the most significant support as this zone contains the mid channel support along with Mother line support. The rally can turn bearish (Looks less likely as of now but you never say never) below 25282. Shadow of the candles look neutral to positive as of now. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:NIFTY
by Happy_Candles_Investment
After making new ATH is it the time for consolidation?Three things can happen from here which usually happen when a new milestone is hit. Either Nifty can consolidate for a while, Either it can test supports till it find it's feet or it can fly ahead further. We should be prepared for either of the three happening. The best way for doing it is look forward to get new highs with feet on the ground. Feet on the ground will be having stop losses and trailing stop losses for your trade in place. Support level for Nifty are at 25863, 25668, Mother line (50 hours EMA) support of 25639, 25528, 25336 or even 200 hours EMA which is at 25170. The support zone between 25668 and 25639 is pretty strong. Resistances on the upper side are 26011 and 26114. Shadow of the candle is neutral to positive.
NSE:NIFTY
by Happy_Candles_Investment
Nifty starting to enter the over heated zone. Nifty starting to enter the overheated zone. May not be overbought as of now but certainly it is close to that. Right from here or after going a little higher, Nifty can take a plunge in search of the immediate support or bottom. For now, the resistances for Nifty are at Today's high of 25956. Post That Nifty can face resistances at 26071, 26204 and 26432. Supports for Nifty remain at 25853, 25611, 25343 and 25106 final support for Nifty will be at 24808.
NSE:NIFTY
by Happy_Candles_Investment