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Niftyoutlook

Nifty Respected our Mother Father Small Child Theory. Nifty on a third attempt today broke the Parallel chanel top and closed comfortably above 50 hours EMA (19568)(Mamma Line). If Nifty sustains above 19568 tomorrow it will turn positive again. In such a scenario the next resistances will be at 19645 and 19684. Crossing and closing above 19684 will open the possibility of Nifty 19798 and 19850+. Supports for Nifty on the lower side are at 19528, 19465 (Pappa Line) and 19423. Look at the chart and think about our Mother, Father and Small Child theory which says. The small child (Candle sticks) run around like a small child set free in a garden or a play ground. Keeps coming back to Mother line (50 EMA again and again). In case of making new highs or difficult circumstances it comes to meet Pappa line (200 EMA). In case they give 'ashirvaad' or permission to fly it runs away from them with freedom. In case they dont give permission the helpless child will remain below their shadow. Mummy and Papa are strongest supports and strongest resistance for the small child. (small child being the candle sticks, 50 EMA being soft Mamma Line and 200 EMA being Strong Pappa line. Now again look at the chart. There was a gap down on 2nd August...Mother brought the child under her shadow and told her husband..."The child is becoming very naughty please take care of him for a while...". Pappa has to oblige. Only 4th August the child was set free by Pappa line after the child pleaded for Freedom but Mamma line this time very disturbed did not allow freedom to the child till 7th August. Again on 8th August Mamma caught hold of the child and gave possession back to Pappa. Today morning Papa again told the child (supported him but also scolded "don't be too mischievous go and play" so the child from then on was set free..). Papa also instructed the mother..."Let the child play". This time in late after noon Mamma has obliged and the child is set free to play again. If the child behaves properly this time and stays above Mamma line...It will fly/run further...
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--@Neckline Support ??price broken the neckline and retested the neckline and closing is given above the neckline. if price opens below neckline look for short side...until bullish gap,if acts as resistance. Look at the bottom side gap is still left, if price wants to fill the gap it opens gap down and fill the gap and moves up again. If neckline pushes the price again up, will be long on break of the zone above neckline. keeping the stop loss below neckline. If opens gap up above, the zone after filling the gap will initiate a long entry. keep track the neckline and bullish gap.
NSE:NIFTY
by IIT-Trader
8
NIFTY-- 20500 or 18500 ??Price created a strong bottom at 19300 level... multiple times the price is taken the support from 19300 level. This level is crucial for Nifty to sustain above 20K. if price again creates a strong bullishness from this zone this will break the 20k zone and Reaches 20500 level easily. the zone @19300 level is the price gives us discount, to enter long for 20500 level. After a strong break from previous strong resistance @18900 levels, this fall is a discounted price, those who wants to ride the trend will go for long side.. so, when to enter in long side.... from which place we have to be on the buy side.... look at these analysis... you will get a clear picture An inverse head and shoulders pattern may form to take the price to reach 20500 levels. so keep watch this levels by keeping an alerts. If this fall continue It may reach 18900 and 18600, before reaching this it has to give some retracement. will see what happens. Thank you guys for your support and Encouragement.
NSE:NIFTY
by IIT-Trader
3
NIFTY--Bullish Gap or Bearish Gap ??Bullish gap left @19200-19250 Bearish Gap left @19670-19700 when this gap be finished....?? if price continuously falls tomorrow it finishes the bullish gap. If price showing us bullishness tomorrow,19500 will again acts as resistance.. so in order to go upside, price must be consolidates and has to create a bullish view and retraces back then only, bearish gap be finished. Note :: If we observe a strong bullishness again price will break the bearish gap..
NSE:NIFTY
by IIT-Trader
10
Nifty has closed near very critical resistance zone. Nifty on hourly chart has closed near very critical and strong resistance zone formed due to a parallel chanell in which it is falling since it made a new high of 19991.85. The resistance zone starts from today's high of 19620 and ends at 19685. Closing above 19685 is imperative for Nifty to go towards 19798, 19871 and finally then it can aim for the target of 20000+. Supports for the Nifty on the lower side will be at 19258 and 19423. closing below 19423 will bring back bears in action. Final support for Nifty is near 19296. Below 19296 closing Bears will start dominating. Below 19191 closing will be a trend change and Bears can take full control.
NSE:NIFTY
by Happy_Candles_Investment
Very interestingly placed Nifty respecting a critical support. Very interestingly placed Nifty respecting a critical support of 19296. The zone between 19296 and 19174 is a good strong support zone for Nifty. If this zone will be broken the Nifty can open floodgate for bears and take the index towards 18883, 18440 or 18268 in the worst case scenario. However the strength shown on Friday should be seen as buoyancy of Indian markets which will attempt to take Nifty upwards. In such a case the next resistances will be near 19530, 19677, 19871, recent high of 19991.85 and finally towards new high and channel top near 20234. First 2 days of the week will decide the mood of reminder of the week or perhaps the full month.
NSE:NIFTY
by Happy_Candles_Investment
Absolutely critical support levels for Nifty in range. Nifty will have three supports in range which will be like last refuge for bears. One is the low of today which already gave support in the closing hours to Nifty. i.e. 19292. Belos 19292 we have the support zone between 19202 and 19239 hopefully Nifty will bounce from this zone. If not...bears will start coming into action with a lot of energy. Lot of resistances for Nifty on the upper side. Prime Resistance being 19408 to 19438 zone. above 19438 the zone til 19604 will see a tough fight between bulls and bears. Above 19608 bull will again take control of the market.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--Liquidity lies @19300 ??The nifty Index, after a strong fall price is given us 50%-60% retracement in Fibonacci. if tomorrow price wants to fall this is the area that can push the price lower. the previous resistance acts as support and price moved up again.. Don't go for short side if price breaks the low.... there is an another zone, that can immediately push the price up to trendline. don't fall in trap here. It gives retracement again then look for sell.. until keep watch the show. mean while price creates a trendline this area.... look for sell at that for proper targets on down side. Look for buy on bottom side...after the break of trendline and retest up to 20K. all the liquidity lies on these lows...that will break and reverses immediately. Tomorrow again price enters into the consolidation zone....it will not gives us any movement.. slowly moves up and down. No proper direction. option sellers have a chance to grab this. so keep safe. Thank you guys for your support.
NSE:NIFTY
by IIT-Trader
10
Major Correction in Nifty due to Global factors. Nifty today closed 1.05% in the negative due to major global news of US downgrade. Lot of Euphoria was also there and many stocks were seething in the overbought zone so the correction was due. Major supports now for Nifty can be near 19440 and 19315. If 19315 will be broken bears will get more empowered and next support zone will be in the range of 19239 and 19202. Resistance on the upper side will be near 19557 and 19666. Mostly it looks like Nifty will test further supports only rather than resistances this week but you never know.
NSE:NIFTY
by Happy_Candles_Investment
3
Nifty Breakout or Breakdown Risk Reward 1:3 TradesRules: In this approach, Once Breakout or Breakdown levels are breached, we initiate Long or Short positions accordingly with Proper stop loss as mentioned in the chart. Since the Risk Reward is 1:3, we can take a maximum of 3 trades. If we follow this approach, over the long run, money is gained. A trader is advised not to treat these setups as lottery tickets. Since only I know why these work (while others may not), only I have the conviction to trade them in real market. So kindly treat them as educational trades only. Happy Trading!
NSE:NIFTY
by PredictNifty
Nifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPickNifty 31Jul23 to 04Aug23 Short,Medium,Long Term & StockPick Nifty closed at 19646 ( 19745) and touched low & high of 19572 and 19871. Nifty long call was given Three week back (at 19250) and touched all time high 19996 RSI and Stochastic level dipped to 60 % & 48%. Nifty- In Short term might increase Resistance at 20000, Support at 19500 ( Shown in thick red support line) Nifty Medium Term - Above 20000 it will take it to 20100-20150-in Medium term. Nifty support at 19300/19000 Can initiate sell around 20000-20150 ( Fibonacci 1.618 level) Long term- Q1 results are average for majority stocks except Bank stocks so far & to review the Q2 results. Stock specific approach needed in upcoming market. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given four weeks back, on an average raised 3-5 % in Three week( Can accumulate on dip ): Disclaimer: For analysis purpose only. Many stocks raised considerably in last three weeks. Can add CIE Automotive (RS 473.5 ) and AXIS Bank (950) in their portfolio with Medium term outlook - 30-Jul-23 HDFC Bank , L&T Tech ( 8% up), KPIT , PI Ind , Dr Reddys ( 12% Up), Ujjvan Small Fin (16 %), Route Mobile, Bank of Maharashtra ( 25 %), Andhra Paper(3%) Accelya Solutions Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Negative Closing and a bearish engulfing on daily chart. Negative Closing and a bearish engulfing on daily chart. Also in the hourly parallel channel 50 hours EMA is broken. In addition to this mid-channel support is also broken. This smell of weakness in the bull rally and perhaps a second signal of bear waking up from their comma. From the data available weekly closing below 19298 can change the trend of Bull rally and totally awaken the bears. Till we are above 19298 we can consider this fall as correction and consolidation within the Bull Rally. Nifty Supports: 19641, 9578, 19507, 19373. and 19298. Nifty Resistance: 19743, 19823, 19874 and 19939.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Again 20K ??After a strong fall price is again showing strong bullishness from the zone 19625 levels. If this is a retracement tomorrow again falls, if its a buyers move it will again reach ATH again. Until price breaks this level don't go for short... keep on buy side price will again test ATH levels, Bearish gap left at ATH may fill. So based on price opening will decide to go long or short. Note:: If price breaks 19600 levels, it again gives us retracement...then will go for short side...
NSE:NIFTY
by IIT-Trader
19750 and 50 Hours EMA at 19723 major supports for Nifty. 19750 and 50 Hours EMA at 19723 major supports for Nifty. Below these 2 levels the support for Nifty will be near 19621 and 19516. Nifty becomes vulnerable and bears can tighten their grip below 19516. Below 19516 only 19347 is the major support (200 Hours EMA). Trend can change to bearish below this level. Resistance on the upper side for Nifty will be near 19827 and 19890. If these resistance are crossed Nifty will once again look at aiming towards 20K mark if it able to conquer final 2 resistances at 19939 and previous high of 19991.85.
NSE:NIFTY
by Happy_Candles_Investment
Mid-Channel Support and 50 EMA on Hourly Parallel channel BrokenMid-Channel support and 50 hours EMA on Hourly Parallel channel is Broken and now the next support for Nifty is only near 19633. Other supports for Nifty are near 19572 and 19516. 200 EMA which will be like major support for the existing rally is near 19289. Below 19289 the Rally may fizzle out and bears will strive to take control. Resistances on the upper side will be the zone between 19708 to 19761 (Major resistance zone now as it will have several resistances including 50 hours EMA and Mid channel Resistance). Crossing this zone is difficult but if Nifty does cross it next resistances will be near 19827, 19890 and finally 19939.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Liquidity @19700 ??nifty almost touched the 20K level, before going to break this level it will give us a pullback to 19700 levels, where the liquidity lies on these areas. if wee see on top we have next resistance @20100 level, and monthly resistance @20170 level. we have support at 19750-19700 levels,where a strong bullishness is initiated. if this is the end of uptrend it will test 19400 levels again. will see on live market what happens. Thankyou guys for your support.
NSE:NIFTY
by IIT-Trader
Nifty missed our Target of 20002 by about 10 points. Nifty just missed our Target of 20002 by just about 10 points. RSI is indicating that the Nifty has entered the overbought zone and a small or medium sized correction is due. however the fibonacci levels applied to Nifty Indicate a medium term target of Nifty near 20126. To reach there Nifty has to cross the major hurdle at 20002. Incase Nifty respects the Overbought Zone RSI correction theory a little bit of Correction might be due with a support at 19800, 19724, 19418 being a major Fibonacci support and below that 19321 is the main support. 50 days EMA of Nifty is too deep at 18861 below which the trend will change into a negative one.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--20K or 19K ??Nifty :: Today price broken the channel and retested...showing bullish momentum towards upside.. if this momentum continues or reversal takes place.... what pivot points are suggesting us :: If we see on the Monthly Chart price is broken the R1 with consolidation with a up channel... Resistance R1 is placed @19440 level broken and reach the R2. if we see the next resistance is placed @20175...will price really reach the R3. On bottom side if we see support is located @18700 level... If we see the weekly analysis price is broken the Weekly-R1, and next resistance is located at 19763 level. so we have weekly support located at 19400 range... the next targets for weekly on above side is located at 19765 and 19930 levels. If we see the daily Levels:: Today price broken the R1 with consolidation...and breaks the R2. and the next resistance is located @R3=19790 Level,which is weekly Resistance. so tomorrow we may reach this levels, so consider them as levels of resistance... The support is located @19470 range, which is slightly above the weekly support. the next 2 resistances are 19790 and 19890 Levels. so, until price breaks this level Support point located at S1,19470 We will not go for short side. consider today observations:: price is broken the R1 strongly with consolidation... if this R1 acts as support will be on buyside for targets of R2,R3,R4 as shown in the chart. if price tests R1 and not able to Break R2, breaks R1, will go for short side with pullback to R1 up to P,S1,S2,S3. ---------------------------------------------------------------------------- Here I am using the indicator Pivot point standard pivots type:: Traditional. Keep use this on to your chart it's very clear. All this is useful when ever price broken the ATH, so many traders are requesting how to mark the levels after ATH. If we want we can also use Fibonacci levels for small targets and small SL points. just change the settings to type to Fibonacci. If this information is helpful give me a like by showing your support. thank you very much guys for your support.
NSE:NIFTY
by IIT-Trader
1