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Niftyoutlook

Nifty daily analysis for 12/10/22Nifty on the daily time frame has formed a bearish engulfing candle. The markets opened flat and remained for selling whole day. Nifty tried to recover after the initial fall but in the second half huge sell off was there. On the hourly time frame, nifty took resistance from the 20 ema and a nice sell candle can be seen in the closing hour of the market. In the first 15 minute candle, the market broke its 20 and 200 ema and took resistance from the levels. A bearish moving average cross over is also there. The market has closed below the support level of 17k and another red candle can be there, if the market has decided its trend. Support :- 16920, 16840,16750 Resistance:- 16990-17000, 17065, 17170 The market has clearly give an engulfing candle and as per the technicals it can be a signal of a bearish market. Wait for the price action near the levels before entering the markets. Watch for the trend to continue for a swing/positional trades.
NSE:NIFTY
by Mambotrade
Nifty Levels & Strategy for 10/Oct/2022Dear traders, I have identified chart levels based on my analysis, major support & resistance levels. Please note that I am not a SEBI registered member. Information shared by me here for educational purpose only. Please don’t trust me or anyone for trading/investment purpose as it may lead to financial losses. Focus on learning, how to fish, trust on your own trading skills and please do consult your financial advisor before trading. NIFTY Nifty closed almost flat (-17 points) in red zone. FIIs as well as DIIs have added plenty of bearish positions in F&O. US market closed in red. Dow Jones (-630), Nasdaq (-446). We are all set for the gap-down on Monday. Global cues & overall trend has turned negative. Is sell on rise going to be better strategy for Monday trades with strict SL? Yes, I think so, What do your thoughts? NIFTY SCORECARD DATED 07/OCT/2022 NIFTY IS DOWN BY -17 POINTS Name Price Previous Day Change % Change Nifty 17315 17332 -17.15 -0.10% India VIX 18.81 19.32 -0.50 -2.60% OPTION STATISTICS BASED ON 13/OCT/2022 EXPIRY DATA Max OI (Calls) 18000 (Open Interest: 7713450, CE LTP: 2.45) Max OI (Puts) 17000 (Open Interest: 4349600, PE LTP: 39.85) PCR 0.77 (PCR is in bearish zone) Nifty Calls: ATM: Short Buildup, OTM:Short Buildup, ITM:Short Buildup, FAR OTM:Short Buildup Nifty Puts: ATM: Short Buildup, OTM:Short Buildup, ITM:Long Buildup, FAR OTM:Short Buildup Please do share your comments. Let us work & win together. Have a very happy, healthy & profitable day ahead!
NSE:NIFTYShort
by manishmgupta
5
Nifty daily analysis for 06/10/22.Nifty after the initial gap up remained silent and moved slowly gaining around 400 points. The market has crossed and closed above the 17270 level. On the hourly time frame, the index opened above the 20 ema and remained between both the emas. There is a bullish moving average cross over on a 15 minute time frame. Support :- 16840, 16750, 16650 Resistance :- 16920, 16990-17000 The gap ups/downs are not giving much opportunity for the trend follower as there is no clear trend. Wait and watch the price action near the levels before trading the market.
NSE:NIFTY
by Mambotrade
Tuesday Market Outlook / Nifty Outlook For Reminder of the weekNifty is trying to break free from the bear grip on the basis of Global rebound seen around the indices across the globe. Real bullish break out in true sense will be when Nifty is able to break out and sustain above 17435 on weekly closing basis. Support for spot Nifty will be at 17026, 16888, 16749 and finally 16461. Resistance for spot Nifty on the upper side will be at 17270, 17435, 17646 and finally 17910.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty daily analysis for 04/10/22Nifty on the daily time frame has given a negative candle and has closed 200 points lower. The market has taken support from its 200 DMA and has closed near the level. On the hourly time frame, the market remained for selling. Though, the market tried to hold the 17000 level, but in the second half a huge sell off broke the level and even traded below the 20 ema. The market has formed an inside candle and closed below both the moving averages. Support :- 16840, 16770, 16650 Resistance:- 17000, 17065 As predicted the markets are still in a bearish territory and couldn't hold above the 17000 level. Wait for the price action near the price level before entering the markets.
NSE:NIFTY
by Mambotrade
Short Term Headwinds Ahead For NIFTYGlobal sell-off post US Federal Reserves rate hike another 75 bps has intensified. Not only stock markets but Crude and Gold are also sliding. Hyper Inflation caused initially by COVID19 and aggravated by Russia-Ukraine war is causing dent on Macros of global economy. India due to inherent captive market and investment friendly Government will be / is affected less but one fact stands that we are not decoupled from global economy. Long term scenario for India still remains pretty solid both at Macro and Micro levels. However, in the short terms we will be facing strong global headwinds for sure. Major Supports for Nifty at this juncture: 17291, 17169 and 17017. Beyond 17017 bears take over causing more pain. Major Resistances for Nifty at this juncture: 17429, 17590, 17713 and 17921. Above 17921 Bulls will be in total control. Currently Bulls seems to be in shock and are in pensive mood post FOMC press conference by Powell.
NSE:NIFTY
by Happy_Candles_Investment
Negative Surprise in US Inflation data killed the Bull rallyGlobal sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances. It will be interesting to see where Nifty finds support and from where it turns around.
NSE:NIFTY
by Happy_Candles_Investment
Nifty daily analysis for 14/09/22Nifty has closed just near the 18000 level and after the gap down tried to touch the level of 18100. In the last hour nifty lost and around 90 points. The market has taken a nice support from hourly 20 ema and closed just above the level. On the 15 minute time frame, the market has closed between the 20 and 200 ema. The market opened gap down due to the CPI inflation hike. Even dow closed around 3% lower.\ Support :-17965-990, 17923, 17832 Resistance :- 18020,18060, 18140 The markets are quite volatile and can remain in the same mood. Tomorrow is the weekly expiry, a trending market can be there in the second half of the trading session. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
update on nifty 50 analysisi had previously posted the same analysis of nifty 50, and here i have brought you an update. markets are in bull rally, and i guess a sort of bull rally is gonna over after going up by 50-100 points. after that if the markets rise further(which has a good chance because fii are entering), so that will not carry the bull rally, it will just be a bullish nature, i believe such because the market had got its impulse movement from this rally. and on top of that, nifty chart has covered all the international news as such. plus, fii have sold there stakes and made there profits, now they are re- entering the markets. and if the markets falls, then it will say, people have yet to make out the profits, and they will realise there profits by selling.
NSE:NIFTY
by raghavchoudhary2016
Nifty daily analysis for 09/09/22Nifty on the daily time frame has given a bullish candle. The market gained 50-60 points and closing above the level of 17800. On the hourly time frame, nifty has closed on a bullish mode and there can be another gap up tomorrow. Nifty gave a break out of the trend line during the last hour of the trading session and took nice support from 15 minute's 20 ema. Support :- 17780, 17710, 17640 Resistance :- 17830, 17920 The market seems to be in a jittery mode. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
Nifty Support and Resistance for coming weekAfter fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction. As I explained in the weekly chart last week, Reversal pattern was observed. The Market had taken a support from the confluence zone. Need to see the price action of coming week if it it holds. Below 17300-17400 range nifty is likely to fall aggressively
NSE:NIFTY1!
by OK_Rane