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Niftyoutlook

NIFTY--Daily AnalysisObservations:: price has broken the strong resistance @18900 without giving any retracement. price moved continuously with gapup and continuation format. from last two days price is in a range and today again the range is broken... if this continue its momentum or will give us some pullback to the previous resistance. price created a demand zone @19380-19340 range.... today price has taken the demand zone entry and moved up...no short side momentum is given for us. A multiple breaks to the upside is observed from this zone.... until price breaks this demand zone...don't think of short side. keep on buy side. when price tested this demand again, and failed to create a new high, then will see the plan of sell action. will update once it is reversed. All these analysis is post market analysis...live market is entirely different from post market analysis.. gap ups and gap downs will occur...its confusing...but with confluence will take entries...without any confirmation don't go for buy or sell. it leads to losing your trade.
NSE:NIFTY
by IIT-Trader
2
NIFTY--HTF to LTF Analysis ??Observations:: price has broken the strong demand @19375-19350 range strongly... we have observed a trendline forms by breaking the demand zone.... If tomorrow trendline acts as resistance will observe a fall towards the bottom side gap may fills... If price breaks the trendline and gives us retest and failed to make a new low below 19300, then will go for buying upto ATH. Note : After break of trendline price may also fall below... fake out at trendline may also possible... At ATH we observed that a supply zone,if resist price again falls below... untill price breaks the supply zone and retest of any previous zones will go for buy. If price fills the gap on bootom side... we will go for buy on trendline break and retest... LTF::
NSE:NIFTY
by IIT-Trader
1
Nifty Weekly Analysis for Jul 10 - 14🔍 Analysis on Nifty for the Upcoming Week 🔮 Jul 10 - 14 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18890, 19190, 19200, 19235, & 19525. 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional view (Sideways). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 19525, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890level. 📊 Support Level: As long as Nifty sustains above the support level of 19190, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
NIFTY--Trend Resumes or Reversal ??Observations:: In higher time frames nifty is still in uptrend...if its continue or reversal will see in live. price created a demand zone @19380-19340 range.... today price has taken the demand zone entry and moved up...no short side momentum is given for us. A multiple breaks to the upside is observed from this zone.... until price breaks this demand zone...don't think of short side. keep on buy side. when price tested this demand again, and failed to create a new high, then will see the plan of sell action. will update once it is reversed. All these analysis is post market analysis...live market is entirely different from post market analysis.. will see on live market what happens...
NSE:NIFTY
by IIT-Trader
NIFTY--Trending Expiry ViewObservations:: price is exactly closed in the supply zone....where price strongly fall from these levels. we have to wait before sell... price is again fall below,19410 level,and this level has to reject for more fall. yesterday price broken the trendline and retested...now we have to check fall happens are not. the area of value at 19380 level will push the price up...to test the supply one more time... be on the bearish side from these levels... On bottom side price tested the demand zone at 19340,today it will not respect it gives us pullback or break may happens and retest will come. So will enter for short for targets of 19300 and 19260 levels. If price wants to go up, it has to break and retest of supply and then only bullish... fake out will also be happens at this level. Keep track this level...key level 19410 level.
NSE:NIFTYShort
by IIT-Trader
NIFTY--Trendline Holds or Break??Observations:: Will trendline acts as support ?? price action is completely in uptrend... today after open a gap up price fall happens strongly... buyers try to make the price higher but failed to close above 19400 level... we can consider this level as a resistance... price is now near its trend line....will see if this breaks or not. if price breaks and retest will enter for short side trade... strong bullishness is observed from the 19250 level after opening gap up... bullish gap left at 19200 is filled, if trendline acts as resistance. Bullish gap ma acts as a support also.... will see tomorrow what happens. keep track these levels. We don't go for long side...we don't have targets to book...price at anytime may reverse after All Time High.
NSE:NIFTY
by IIT-Trader
04 Jul '23 Post Mortem on Nifty Yesterday I was quite ambitious to call the top at 19334 + or 80pts levels. The opening 45 mts and then the subsequent fall from 13.30 to 14.30 showed real signs of N50 running out of fuel. But one thing that really proved me wrong was the intensity of credit spreads getting written at the PUTS side (bullish sign). Although there was lot of unwinding after 14.30, the issue is that CALL side credit spreads are not getting written. If the run of N50 has to be checked we need CE shorts, aggressive big boys who do not run for cover. The lowest friction area for N50 to go is up as there are no resistances — thus making it a real tough spot for call writers. Personally I wouldnt dare writing ATM calls now even though I feel the top is near. 1hr TF N50 for the first time in last 5 sessions closed the gap after a gap-up opening negating a consecutive spree of island day formations. The strong red opening 1hr candle stays lit and I am still inclined to keep the bearish view.
NSE:NIFTY
by viswaram
Our Chart continues to work perfectlyAs you can see and we had depicted yesterday Nifty had taken a firm support at 18646 and the only now was upwards. Despite negative to Neutral US markets Nifty opened gap up above what was 50 Hours EMA, confirmed support of the EMA at 18742 for few hours and then marched ahead. The march of Nifty was halted by the Mid-Channel Line resistance at 18829 and that is where Nifty cooled down a bit to close the day at 18817.4. How is that for Precision? I hope you all are appreciating the efforts that we are putting in the analysis. What Nifty holds for tomorrow? If Mid channel line (18829) is conquered tomorrow and Nifty hold above it, we will be sooner than later looking towards re-approaching the All Time high of Nifty and probably this time around Nifty might even break it and make a new high. Resistances: 18829, 18840 and 18887.6. Post making a new high 18956 and 19018 can be very very tough resistances. Supports: If the Nifty is not able to conquer 18829 to 18840 range and sustain above it the supports will be at 18795, 18742, 18646, 18576 and 18421.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Weekly Analysis for Jun 26 - 30🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 26 - 30 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18535, 18650, 18660, 18890. 🔎My outlook: The outlook for the upcoming week’s trading suggests a directional view (Bullish). 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level. 📊 Support Level: As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
NSE:NIFTYLong
by venunomula
Nifty Weekly Analysis for Jun 19 - 23🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 19 - 23 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern. 📈 Bullish Scenario: If Nifty breaks out above the significant level of 18887, supported by a strong and clear daily candle, it could indicate a bullish market trend. 📉 Bearish Scenario: However, if Nifty breaks down below 18534, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level. 📊 Support Level: As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
NSE:NIFTY
by venunomula
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