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Niftyoutlook

NIFTY--Retracement or Reversal??The NIFTY index again showing bearishness, with gap down opening. Now price is exactly at the golden zone of Fibonacci retracement. If price takes u turn from this level to the upside...index is once again breaks the ATH to reach 20500 levels soon. While going to upside price is showing some sort of consolidation in the levels 20000 and 19700 levels. So take care this is the crucial zone, if this zone failed to take the price upside, wait for the price to break this zone below and wait for the retracement to enter short for continue with the trend. Keep in watch mode for couple of days. On top side, price breaks the trendline, it may retest and fall or rise. ATH is not strong, weak ATH is observed on topside. All these points are showing bullishness in NIFTY. Note:: Until price breaks this zone, consider it as a retracement.
NSE:NIFTY
by IIT-Trader
12
Shakeout at the ATH - NiftyWeekly Timeframe:  1. Engulfing candle: Depicts bearish sentiment, trend reversal indication. Daily Timeframe: 1. Climax Top: 11 consecutive highs followed by selling. This is one of the characteristics of trend reversal; it is often accompanied by exhaustion, a sudden spurt in volume, and then selling like falling knives. 2. Heavy selling: distribution Signs are reflected through the volume. Reasons, 1. Rise in Crude Oil Price 2. Inflation Fear 3. FII-Sell off 121367 Cr   Way forward, Support Levels, S1: 19200 S2: 18600 Trade Opportunity, 1. Niftybees: Hold 2. Futures & Options: Monthly Straddle
NSE:NIFTY1!
by OK_Rane
NIFTY--Bearish Gap or Bullish 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 again at a brittle Trendline support. Nifty again is at a very brittle Trendline support. Today's low of 19878 to 19890 remains the most important support for Nifty as RSI on hourly chart shown Nifty as over sold. It is very important for Nifty to recover from here. If this support is broken the next important supports for Nifty at lower levels are at 19796, 19696 and 19554 to 19530. If 19530 is broken the next most important support level will be near 19263. Below this level there is a chance that bears will be in total control. Resistances on the upper side for Nifty are at 19990 and 20057.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Trendline Break?? The price has recently breached the trendline, signaling a potential shift in momentum. If the price provides a retest opportunity tomorrow, we may consider entering a short position. In the absence of a retest, we will wait for a pullback before considering a short entry. On the downside, we have identified support levels at 20050 and 19950. We will remain in a long position until the price convincingly breaks these levels and undergoes a retest, confirming a more bearish outlook. Keep safe before short...
NSE:NIFTY
by IIT-Trader
13
Nifty at important support level now.Nifty is just above a very important support zone now. This support is between 20104 and 20008. Closing below 20008 can weaken the grip of Bulls. In this case the Nifty can further fall to the support levels of 19886 or even 19679. Resistances on the upper side for Nifty are near 20229 (Major resistance). If we look carefully a rounding top is forming near 20229. Which can mark end of a bull phase too. But if we get a closing above 20229 the doors will open for the targets of 20354, 20447 and finally 20559.
NSE:NIFTY
by Happy_Candles_Investment
Buy around 20040 & 19960 TGT 20220/20800 sl below 19800The Market gave a good rally in past three weeks making 3 white soldiers on the top of the chart indicating a fresh breakout but in upcoming Fed's policy and parliamentary session will be watched closely by the market and it can consolidate to cool of some overheated indicators and then we can see a further breakout. Market structure remains bullish but some consolidation is indicated because of upcoming events and then again may resume the uptrend
NSE:NIFTYLong
by Adi_tech
Nifty 50: Rally till 20,300-20,550 on chartsWeekly Review When you see markets in uptrend you often wait for a colling off in a rally and I believe most of the people whom I talked in last two weeks are totally of the same opinion as well having a bearish view now but let me hold your horses here if you’re thinking the same way too. Nifty is not in an exuberant rally or a steep rally which often occurs as a spike but it’s on a clean Falling wedge pattern breakout post hitting 19,230 in august and so is the continuous rise in the Index since last few weeks where the last week itself contributed almost 1.88% with a gain of 372 points taking index to new highs of 20,222. Week Ahead: On Daily charts, the index stands strong with good volumes to continue its rally from current levels of 20,192, with nearest resistance at 20,297(20,300) and 20,500-20,550. Considering if any pause in the rally if occurs it can retrace till 19,993 and 19,792 which will be the key supports. Personally I don’t see any neutral to bearish view but a stable long until 20,300 atleast and a max 20,550 since the weekly charts are showing a clear bullish stance and a uptick in momentum reflective of much steam left in the markets.
NSE:NIFTYLong
by chandakpulkit
Nifty Near Major Resistance.Nifty is near the major resistance zone of 20200 and 20230. It returned from the resistance on Friday. Little bit of correction and consolidation is due. Selective Small and Mid cap stocks along with few Large caps can continue to be bullish. If the strong resistance between 20200 and 20230 is broken and we get a closing above 20230 the next targets will be 20354 and 20477. In case of correction the support will be provided by support zones of 20104, 19991, 19886 and 19696. Below 19696 final support zone will be between 19490 and 19227. The trend changes to negative only below 18599.
NSE:NIFTY
by Happy_Candles_Investment
Doji of indecision starting to form. With RSI at 74.3 there is a Doji formed after yet again Nifty making new record high of 20167. Nifty closed at 20103 indicating too much heat / resistance in the range of 20167 and 20200. If we close above 20200 the next target will be 20291. Supports for Nifty at the lower side will be near 20043 and 19911. Closing below 19911 can drag the Nifty to 19720 levels. Nifty may start positively but later in the day or next week there can be profit booking pressure as RSI will inch closer to 80 and above.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY S/R LevelsI 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
14
Nifty held ground but blood bath in Mid and Small Cap indices. There was a mayhem in the market as Small and Mid-cap indices faced heat today after flying high for last few weeks. Nifty ended 3 points in the negative but the story of the day was being written elsewhere. Heavy selling and Profit booking was seen in Small and Mid cap indices. Support for Nifty will be around 19911, 19720 and 19516. Nifty turns negative if we get a closing below 19409. Resistances for Nifty on the upper side will be at 20128 and 20291.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Sustain or Decline??The price has recently broken its all-time high (ATH) with strong momentum. Following a significant upward surge, it found support at the previous resistance level and continued its upward trajectory. However, today, it failed to break the recent high. The outcome of tomorrow's trading session will be crucial for NIFTY's ability to maintain its position above the ATH. If the price fails to resume its upward movement tomorrow, it could attract selling pressure, potentially leading to a downward trend. Therefore, tomorrow's price action holds significant importance as it will determine whether NIFTY can sustain its position above the all-time high. A failure to move higher could prompt bearish sentiment and open the possibility of a short-term decline. Trade safe...
NSE:NIFTY
by IIT-Trader
3
NIFTY--13-09-23I 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
12
Consolidation needs after making a historic new high. Nifty made a new high today and crossed 20K for the first time making a high of 20008.15 however Nifty could not sustain the levels and closed below 20000 at 19996.35. Point number 1 is Closing above 20008.15 is important now to grow further. Second point it RSI in the hourly chart indicates that the index is overbought. On daily charts the indicates that there is some more legroom for Nifty to go ahead perhaps towards 20203 and 20400 levels in the medium term. Supports for Nifty are at 19867, 19720 and 19516. Final support for Nifty closing below which the trend can change is 19385 (Major Support). Some correction or consolidation before rampaging ahead will not be such a great thing for sustainable progress. There is long way to go but let us not get carried away. Alway have a feet on the ground approach guard your capital by by putting stop losses and guard your profits by putting trailing stop losses. In uncharted territories Stop losses and trailing stop losses will always prove to be your best friends.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Retracement or Reversal ?? The price has exhibited significant bullish momentum starting from the 19,200 levels. However, before attempting to challenge the bearish gap left at the all-time high (ATH), it's likely to experience retracements towards previous resistance levels. Should these resistance levels fail to sustain upward pressure, a notable bearish reversal could become apparent. Following a period of strong bullish movement, the price appears to have entered a ranging phase. During this phase, it may be prudent to consider short positions, anticipating the possibility of price offering discounts before potentially resuming its upward trajectory. If retracement failed, they will take the price entirely to the bottom side...keep safe before long. Reversal may occur.
NSE:NIFTY
by IIT-Trader
3
NIFTY--08/09/23I 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
9
Nifty looking Bullish but approaching a major resistance zone. Nifty is looking Bullish but approaching a major resistance zone. The zone between 19637 and 19680 is a strong resistance for Nifty. Once we get a closing above 19680 the channel towards 19764, 19811, 19866 and previous high of Nifty 19991 and new high will open up. Until then the supports for Nifty will be 19585 (Not a strong support) and 19492. The zone between 19469 and 19430 is now a strong support zone. Overall sentiment of Nifty is looking bullish but lot of sectors and indices are starting to look a little bit overbought on RSI so please keep your stop losses handy.
NSE:NIFTYLong
by Happy_Candles_Investment