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Niftyoutlook

Nifty responding to fall in major global indices.As mentioned in the earlier Tweets due to impending Commentary of US FED and Recession fears / Global slowdown concerns we saw the recent fall. After few weeks of relentless buying today we saw FIIs selling. NIFTY is currently at a major support breaking it and going below today's low will bring in further weakness for NIFTY. The Major Support and resistance levels are: Resistance Levels: 17541, 17716 and finally 17992. Major Support : 17467 (Today's low.) Other supports: 17348, 17135, 17023 and finally 16937. Below 16674 the Nifty will slip into bear grip.
NSE:NIFTY
by Happy_Candles_Investment
Supports and Resistances for Nifty.Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are: Resistances: 17992, 18117, 18371 and finally 18604. Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113. Final Supports for the current rally: 16842 and 16666.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Levels for 17/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty took out major resistance level with Gap-up and closed above 20 & 50 EMA and VWAP level. Nifty has shown strength and trying to move in upward direction. PCR (1.06) is in sideways to mild bullish zone. FIIs continue with buying of 2429.6 Crores and DIIs are slowly doing profit booking with selling of -136.2 Crores. Proprietary & retail traders are heavily short in Index and Future contracts. God saves retail traders. Nifty highest open interest on call side at 17800 Nifty highest open interest on put side at 17700 Overall uptrend looks intact. Shall we continue to look for short straddle/strangle ? Buy on dips opportunities ? Is Nifty heading towards 18000 now? OR Is Bearish Divergence an indication prior to profit booking ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP. Have a happy, healthy & profitable day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 16/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty was in hurry and quickly reached long term resistance level. FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Nifty is now just 4.87% away from all time/52 week high. Nifty's highest open interest in call side is at 17800 and put side is at 17700. Nifty is trading in narrow range after decent rally. PCR is flat and sideways. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down. Shall we expect a profit booking? Will Nifty offer us buy on dips opportunities? Will Nifty gap-up on Tuesday to take out major resistance zone and continue with bull run? Shall bulls/specially retail investors should slow down to avoid getting into bulls trap? Wish you all a profitable trading day ahead!
NSE:NIFTY
by manishmgupta
Nifty Levels for 08/Aug/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 NIfty Closed flat in slight green. Max OI on call side is at 18000 and on put side at 17000 for 11/Aug expiry. PCR is in bearish zone. Nasdaq closed in Red. Is dip in Nifty going to be buying opportunity or long term investor should wait for better opportunities?
NSE:NIFTY
by manishmgupta
Nifty Future Level of 21000. Is it feasible for growing economy?Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Interesting Nifty future Level by FY2023-24: 21000 More than 20% conservative returns within 2 years. Is it feasible for growing emerging Indian economy looking at Indian GDP amid global issues? Please do share your ideas. Thanks
NSE:NIFTY1!
by manishmgupta
2
Can we close above 17000 tomorrow?The stage looks set for NIFTY to gain 17K once again. If that happens lot of investors will be happy and market confidence will only keep increasing from here. Before we reach there there is very important resistance this resistance is exactly at the point which NIFTY was not able to cross today that is 16948-16960. Crossing this resistance zone will unleash more strength and Take NIFTY to next resistance zones of 17099, 17331 and 17475. Above 17475 there will be one of the strongest resistance zones of last six months that is 17681 to 17798. Support zones for Nifty in case it is not able to cross the week and close above 16948-16960 will be 16747, 16674 and finally 200 days EMA of 16529. Below 16529 the supports are 16430 and 16269. Below 16269 NIFTY can again go back in the tight grip of bears.
NSE:NIFTYLong
by Happy_Candles_Investment
Possibly a green month for NIFTYA pattern here on the monthly chart, strat looking from October 21 - 1 Red candle -> 1 Green candle | Wave 1 Next - 2 Red candles -> 1 Green candle | Wave 2 Now - At 3rd Red candle This wave 3 should give us a green candle now Apart from this, Indian markets are affected by Dow Jones's weakness. Dow Jones is near 50 Month EMA on charts. This level does not break easily, it did in 2008, and 2020. I am not expecting a big fall this early after 2020, historically big falls do have significant time gaps. Valuation of NIFTY - PE = 19, at top PE was 42, so earnings are improving a lot. Preparation of Indian government to get rid of inflation - Export duty on metals, Cement subsidy, Wheat export ban, and many more. So this inflation won't hurt earnings of NIFTY 50 by a huge margin as it is in the US. So let's expect A green month with a pinch of "SELL on RISE" Concerns - FII intensified selling - Dollar historically gets stronger against INR the year before Elections(2024)
NSE:NIFTY
by LokeshSurana
2
Nifty ended few decimal points above 200 days EMA.After giving a gap up opening today and making a high of 16588 Nifty ended the day at 16520.85. 200 days EMA for NIFTY is at 16520.74. A strong closing above 200 days EMA would have shown that lot of power remains in the rally. Today rally has shown little bit of weakness which bears might exploit tomorrow. Another Green candle tomorrow and a positive close above 200 days EMA on Friday will bring lot of positivity from the sides of both DIIs and FIIs. Nifty is exactly at a crossroad. Thursday and Friday will decide the direction of reminder of the month. Nifty Supports: 16520, 16412, 16357, 16247 and finally 16160. Nifty Resistances: 16588, 16675, 16796 and finally 16931.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Outlook for week starting 18th-22nd July 2022 - POSITIVE.NIFTY gave a strong closing on Friday as it ended above a long term support of 15917 and 16030. Yet the Important hurdle of 50 days EMA is still ahead of it which is at 16132. Crossing and closing above 16132 will be important for Nifty to go towards 16277. above 16277 levels Nifty in a short to medium term can go towards 16525 which is it’s 200 days EMA and a strong resistance. Bulls will be in command only above this level. On the lower side again 16030 and 15917 will be the support zones. Below 15917 Nifty can go towards 15738 zone, however during the next week if Nifty closes above key level of 16132, chances for positivity will be more.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty outlook for the reminder of the week ending 12th July 202250 days EMA at 16154 is an important support for Nifty above which it has to stay in order to gain further grounds and try once again to move above important 200 days EMA 16546 resistance. However, before Nifty tries to cross 200 days EMA it has to cross very strong resistances at 16271 and 16327. If Nifty is able to cross these three hurdles it can go to the levels of 16796 which will be major resistance. If Nifty is not able to sustain above 50 days EMA 16154 the next supports will be at 16118 and 16051. Below 16051 Nifty will be very week and can fall to 15900 or even 15500 levels. This week holding 16154 will be key to progress.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Daily Analysis: 4thJuly2022 NIFTY trading b/w 15600 -15900Hi Traders/Investors, NSE:NIFTY is trading between a small 300 point range n break on either side would trigger sharp volatility. UPSIDE momentum looks strong in NIFTY as well as Bank NIFTY. There is a Supply Zone between 15900 to 15930, which can act as first line of resistance tomorrow if there is not a gap up. There is a gap on UPSIDE between 15900 - 16170 levels, watch out for that tomorrow, it might get filled. Chances are NIFTY might reach to 16100 levels pretty quick if the Bulls take charge on it anytime soon, 16172 is a crucial resistance level on UPSIDE. On Downside, NIFTY can take support from Demand Zone between 15700 - 15660. Regards, Anshul
NSE:NIFTYLong
by simplyansh