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Niftyoutlook

Recovery from the big jolt on Monday expected but slowly.As depicted during the weekend a fall was expected. Now recovery from the big jolt on Monday expected but slowly. The supports will be tested again and the recovery might not be as smooth as expected by many investors. As you might have seen FIIs and DIIs were net buyers in the current fall then why the market crashed? Mostly it was due to rush of retail investors who were holding the market. The knee jerk reaction to the Middle East crisis was there to be seen in the market and difficult times might not be over as chances of further escalation is a clear and present danger. Supports For Nifty: 19213, 19029, 18867 and 18826. Resistances For Nifty: 19331, 19477 and 19684.
NSE:NIFTY
by Happy_Candles_Investment
Will nifty take support or Fall?Nifty have been falling for last whole week. Now it has come to the zone where it has a nice support zone. Nifty might take support near 19250 as shown in the chart. Nifty seems to be roaming in Range of 19250 - 19500. Reason: Price < EMAs(13,200) (Bearish) 15 < RSI < 30 shows oversold zone. but having Less strength means weak bull power. PCR = 0.55 (Bearish) Price < 200 EMAs shows in bearish zone. (Bearish) Price < VWAP (Bearish) it has been a heavy fall might consolidate here. Verdict : Bearish, but also having price action level where it might take support. Plan of action: Wait for market to show a bullish signal like double bottom or bullish hammer. once direction is confirm then make the postion. if break to downside let it retrace and then go Bearish.
NSE:NIFTY
by finnova_
NIFTY--Support @19360 ??I am sharing the important levels of Support and Resistance. These levels play 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. 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
3
NIFTY--Consolidation @19550-19450 ?? I am sharing the important levels of Support and Resistance. These levels play 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. 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
5
NIFTY--Liquidity lies @19500I am sharing the important levels of Support and Resistance. These levels play 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. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. 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
3
NIFTY--Near its Trendline??I am sharing the important levels of Support and Resistance. These levels play 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. If price breaks the resistance, we have a chance of filling the bearish gap, soo keep in buyside until it touches the zone of resistance and bearish gap. 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
2
NIFTY--BearishGap @19900 ??I am sharing the important levels of Support and Resistance. These levels play 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
What after nifty breakout now?As per out last analysis nifty has breakout that falling wedge pattern. yesterday as it was expiry it was range bound in the range 19780-19830. today's momentum will decide which side nifty is going to move. so we have to keep our bias neutral. Reason : Sideways range bound moment whole day yesterday. (Neutral) nifty has given the breakout of falling wedge. ( Bullish) Option chain PCR = 1.01 (Bullish but its initial 1st day of week) RSI < 50 downtrend (Bearish) Price < EMA(13) (Bearis) Verdict As Biases are both side Its Neutral Plan of Action: wait for 15 min candle and then make positions as marked on the chart.
NSE:NIFTY
by finnova_
NIFTY--Consolidation + Down= Rise from Trendline??I am sharing the important levels of Support and Resistance. These levels play 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--Bullish Gap or Bearish Gap??I am sharing the important levels of Support and Resistance. These levels play 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
8
NIFTY--Broken Trendline??I am sharing the important levels of Support and Resistance. These levels play 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
3
NIFTY--19400 or 19700 I am sharing the important levels of Support and Resistance. These levels play 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
2
Will NIFTY Bullish momentum continue?As we discussed in our last analysis that it returned back to channel it will be bullish and it gave 2 days back to back bullish momentum. But now we can see its on confusing if it's a breakout or still in the pattern. once its out of the pattern it will be going bullish. by looking at the chart market seems to be sideways for tomorrow. Reasons: Inverted HNS target is 19800 that has not achived yet. if it opens high it will have a resistance at 19800. 19800 is also price action resistance. Downside 200 EMA and Price action level will be providing the support. RSI is in bullish zone (> 60) but having bearish divergence. Trendlines are confusing its not a clear breakout for falling wedge pattern. it's having 2 cases: case-1 and case-2. that is marked on the chart. Verdict: observe 15 min market and follow case-1 or case-2 Plan of action : SELL 19500 PE + SELL 19750 CE once bullish momentum gets confirm exit 19750 CE.
NSE:NIFTYLong
by finnova_
Nifty for 6th October 2023 - Weekly ClosingAs Expected ( Please refer to the linked post) Nifty opens with an up gap at 19521, which is near immediate resistance i.e. 19544-19550. Since it was a gap-up opening of approximately 100 points and near resistance, creating new long positions immediately makes no sense. Why was I expecting a Gap-up opening today? 1. Prices bounced twice from the support area during the day. 2. Prices closed well ( in spite of weakness during the day) 3. RSI was at support ( 40 levels) 4. Hammer-like candle formed at support Today's Price Action 1. Opened Gap up 2. Prices Halted at resistance during the first hour. 3. No sell-off from resistance. 4. Prices consolidated around the resistance area( 19544-19550) 5. Higher High, higher low, gap up indecisive candle. Expectation for Tomorrow - Friday, 6th October 2023 1. Prices might open with an up gap tomorrow, how far don't know. 2. Immediate Resistance @ 19638 3. Prices should sustain the 19543 level for a move towards 19638 levels. 4. Expecting 80-100 points move tomorrow. Why am I Expecting a Gap up tomorrow 1. No sell-off after a gap-up opening near resistance 2. Prices consolidated well on the hourly and 15-minute chart
NSE:NIFTYLong
by manuagarwal21
Will bull be able to hold NIFTY today?NIFTY yesterday was total bearish but in 2nd half Bulls came and took charge and all market reversed back in bullishness. as PCR = 0.85 (Bullish) and also market is back into pattern. so its assumed that bulls will be taking control of today's moment. Reason : Chart is back in the pattern will full yesterday 2nd half bullish. PCR is 0.85 (Bullish) MAX pain: 19350 and 19500 RSI is still in 40-60 means continiously increasing means bulls have power. Verdict : Bullishness is expected Plan of action: Observe 15 min Candle if bullish Sell 19350 PE
NSE:NIFTYLong
by finnova_
Market is indecisive but bias seems to be positive to neutral.Market is indecisive but bias seems to be positive to neutral. If the support near 19483 will be broken the Nifty can further fall towards 19227, 18905 or 18531 levels. Resistances on the upper side for Nifty remain at 19795 and 20000. Nifty took a support on Friday at the trendline and bounced handsomely above 19600 which is a good sign. Now sustaining above the same will be the key for regaining 20,000+ levels. The chances for Nifty remaining side-ways are also there for the coming week.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Exhaustion Or Initiation??The Nifty index also same.... as Bank Nifty Price is exactly closed at strong support... .19500 level. .. Previously multiple times rejection to the topside is observed at this level... Now the same level rejects the price downwards.....its bullish again. If sellers exhausted today, tomorrow price is bullish... If this is an Initiation of sellers again price is bearish...but already price is in premium zone... if this is a continuation of down move...will look for buy @discount. careful before enters in short... Note:: Please check this post before reading the above description.
NSE:NIFTY
by IIT-Trader
5
Mother Line 50 EMA gave a great support to Nifty today. 50 EMA which is the Mother line gave a perfect and much required support to Nifty today. Proving again our Mother, Father and Small child story. Now tomorrow and and Friday the Nifty has to close above it to continue the upward trend. Resistances that Nifty will face on the upper side remain at 19747, 19851 and 19991. Supports for Nifty on the lower side are 19560 (50 EMA/Mother Line) and 19224. We are still not out of woods if we do not get 1 or 2 confirmation candles.
NSE:NIFTYLong
by Happy_Candles_Investment