Get started

Niftyoutlook

Nifty Dives below 50 hours EMA After Failing to Conquer ATH. Nifty Nose-Dived below 50 hours EMA After Failing to Conquer All Time High which was within the touching distance. The factors responsible for the fall can be attributed to Hawkish stance of FED before July FOMC. Hawkish stance of global Central banks and Profit booking near all time high. Relative Strength Index of Nifty (RSI) also needed some cooling down. 50 Hours EMA is working as an important resistance now and today low of 18647 will be important support for Monday. If the support at 18647 is broken Nifty can languish upto bottom of current channel and 200 Hours EMA which is near 18554. If Nifty closes below 18554 final support for Bulls is near 18421 closing below which bears will spring back to life.
NSE:NIFTY
by Happy_Candles_Investment
2
NIFTY--Trending Breakout or Breakdown?? Observations:: The index is still in uptrend.... facing some resistance @ ATH...but no sign of bearishness is observed. yesterday index is trading in a range.... if today this will range may be broken...and will observe a trending expiry... Bullish expiry or bearish Expiry:: As long as price is above the 18700 it is bullish only.... if price breaks 18660 level and it gives some retracement then only will go for short side...until don't think of short again... Fake breakdown may also be happen at this zone 18760-18740. If price breaks @ATH, until which level we can expect.. after breaking ATH, we can expect price will reach rounding number 19000 and 19050, like vise. we cannot predict where it exactly reverse.. all these are our expectations only.... we cannot trade after a ATH, the reason is we don't know where to place our target, we know only stop loss.. so wait and watch the show...will have another day price will come back and move... if it is fake breakout above ATH, will fall again... Note:: BANKNIFTY broken ATH ...will expect nifty will also break...and reverse. If we see BANKNIFTY Index price has broken the ATH, but not moved much points, again falls below the range only..
NSE:NIFTY
by IIT-Trader
The Zone around ATH is proving to be a tough resistance. The Zone around 18862 and ATH of 18887.6 is proving to be a tough resistance to conquer. Nifty has so far made multiple attempts but has not been successful so far this week after coming in the touching distance couple of times. Once ATH resistance is crossed the next resistance will be near 18953 and 19018. But before we get there Nifty might again take a dip in search of a proper launchpad for that leap of faith. Global markets are expecting a hike by FED again in July FOMC as the action was PAUSE but commentary was hawkish. If that remains the case little bit of correction can also happen in Nifty. In such a scenario the supports this week will be 18827, 18790, 18756 and 18660. Below 18524 bear will try to snatch back control. Possibility of that happening is difficult this week. But we never really know.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY--Which is Support Trendline or Neckline??Observations:: If both failed price clears the 2gaps below. The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone. If this fall continue towards downside or will break ATH. so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal. ok if it is a reversal, we have 2 bullish gaps left @18680 level and 18600 level. price has to respect these two gaps if any one of these gap gives support strongly, price will break ATH, if this showing buying pressure and not able to go up side.... sellers are aggressively take the price to below 18600 levels. If we see we have a trendline support as well, if price failed to break 18800 level after taking the trendline support. Breaks the trendline then enter for short after a retest is done to trendline. if no retest is observed then wait it will again comes back to the same range. Keep watch these levels...18720-18740 range if break, it will finish the gap on bottom side. if price opens below this also look for sell on retest to this zone.
NSE:NIFTY
by IIT-Trader
Nifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long TermNifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long Term Nifty closed at 18826 ( 18563) and touched low & high of 18561 and 18862. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18745 to 18786 acted well, on the last day of the week, nifty broke the weekly resistance on a decisive note. RSI and Stochastic level raised to 65% and 85% respectively. Nifty- expected to cross prev. High 18890, short term is sideways/ short dip expected after touching 19060/19100 as shown inclined line (blue color) which will act as resistance for short term. Can book some profits at this level. Sell overvalued stocks. Nifty support at 18620 Nifty Medium Term - Nifty expected to break 19100 and to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip. Support - 18446 ( Fibonacci). Long term- Need to decisively close above 19350 to reach targets of 19500/20000 Nifty have multiple support for long Term - 17865/18000/18111 Long term 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
Nifty Trend in the month of June 1. On the Daily chart since March, there has been an ascending channel trend in the nifty. 2. On the 4HR chart, Ascending Broadening Wedge 3. Now the Market has reached the ATH trajectory, there is a consolidation happening in the form of a parallel channel, this sort of price action depicts indecision behavior. this is expected at an All-time High level. The next 10 days will unfold more clarity on chart pattern & sentiment. In conclusion, a Large timeframe shows bullish sentiment & shorter there is indecision.
NSE:NIFTY1!
by OK_Rane
NIFTY 50 BEARISH MOMENTUM STARTED AS PREDICTED YESTERDAYI posted yesterday about a possible bearish trend shift is taking place in NIFTY as it was testing its weekly and and daily resistance ( LINK MENTIONED) . Now as we can see it has made a liquidity grab above the resistance and started its bearish move . Those who were in sells yesterday were in profits as of now. Those who want to enter in shorts can also join the ride now at 18775 area with 3 possible Take profit areas TP 1: 18721 TP 2: 18635 TP 3: 18556 SL: 18810 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar
NIFTY 50 all set to fallNIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity Sell around 18727 STOP LOSS: 18803 TAKE PROFIT 1: 18559 TAKE PROFIT 2: 18383 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar
Importance of mid channel line in parallel channel tool. Last 3 weeks or so we saw the Importance of mid channel line in parallel channel tool. Thrice Mid channel line supported the Nifty and Nifty bounced from there. When a support is taken multiple times mostly it becomes weak. This led to fall of Nifty below Mid channel line. Once the price is below the line which was a support. The line becomes a resistance. Mid channel line is now a resistance and the same line is stopping Nifty from going ahead since couple of sessions. It was an important lesson hence explaining at depth. Nifty Resistance remain at: 18624, 18678, 18722 and 18778. Nifty Supports present at: 18555, 18512, 18465, 18402 and finally 18371.
NSE:NIFTYLong
by Happy_Candles_Investment