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Niftyoutlook

Nifty 50 view for Monday 25 March 2019Nifty Spot closed at 11456 and Nifty futures at 11478 A fall of 460 points was witnessed in Dow on Friday, Dow futures closed at -474 SGX Nifty closed -63 points at 11407, which is a rough indicative of the Nifty futures level. It loosely translates to Nifty spot at 11385-11395. Support for Nifty spot is at 11380 followed by a gap support at 11350. 11350-11380 could act as a good support zone on Monday. If somehow the opening is not as negative or not what what SGX indicates, Nifty spot could take support at 11410. Resistance is currently at 11520-11530.
NSE:NIFTYShort
by IamAStudentOfTheMarket
Elliott Wave View: Nifty looking to resume rallyHello Traders, Short term Elliott Wave view on Nifty suggests that the decline to 10004 on Oct 26 low ended black wave ((2)). This means that Index has ended the selloff which started from Aug 28 high (11760.20). It is currently either in the process of eventually breaking to new high again or at least rallying in 3 waves to correct the cycle from Aug 28 high before turning lower again. Up from 10004, red wave 1 ended at 10624 and unfolded as a 5 waves impulse Elliott Wave structure. Black wave ((i)) of 1 ended at 10128.85, black wave ((ii)) of 1 ended at 10012.65. Black wave ((iii)) of 1 ended at 10606.95, black wave ((iv)) of 1 ended at 10477 and black wave ((v)) of red wave 1 is proposed complete at 10624 and red wave 2 pullback is also complete at 10442. As long as it stays above that level but more importantly above 10004 we expect Index to extend higher at least 1 more leg higher. We don’t like selling the Index.
NSE:NIFTY
by Elliottwave-Forecast
NIFTY50 - When Will The Pullback Start?!Good evening Traders, Since my last update on NIFTY it managed to break the resistance level which I mentioned here. But now after breaking the important level, I am expecting more upside. But first NIFTY needs a correction lower. My view is that if NIFTY can break the rising trendline lower, it can retest the resistance area now acting as new support at around 10612.57 areas. This will my preferred view. However, there is another possibility. It extends now higher making a marginal new high and starts then a bigger correction lower. Let's see which one plays out. Disclaimer: Trading is about going with the highest probability, nobody is 100% right and we need to protect ourself in case we are wrong. That is why we need to always use a stop-loss when trading. Trade with care. This my current view, and any view present is not a trading recommendation just personal view.
NSE:NIFTY
by TradeFxTrends
MARKET OUTLOOK FOR FRIDAY,APR 13, 2018After deliberating in the first half of the session, the NIFTY attempted to move past its 50-DMA and 200-DMA and inch higher. The Markets ended in the green for the six day in a row with the NIFTY gaining 41.50 points or 0.40%. The Markets saw a brief consolidation near the 50-DMA and the 100-DMA mark which remain in extremely close vicinity at 10413 and 10444 respectively. As we approach the last trading day of the week, we may again see Markets opening on a quiet note. The zone of 10480-10500 zones will be important and if these are not clearly breached on the upside, the Markets still remain prone to consolidation and some profit taking bouts at higher levels. However, the undercurrent continues to remain buoyant. The levels of 10480 and 10535 will play out as immediate resistance area for the Markets. Supports come in at 10415 and 10365 levels. The RSI on the Daily Chart is 58.4023 and it has marked a yet another 14-period high which is bullish. However, RSI continues to remain neutral showing no divergence against the price. The Daily MACD stays bullish while trading above its signal line. On the Candles, and engulfing bullish line occurred. This is not out rightly bearish but it certainly warrants some caution at current levels as this formation has occurred after an up move. This has potential to halt the up move temporarily and push the Markets into some consolidation. As of now, pattern analysis suggests that NIFTY has managed to inch higher than its 50-DMA and 100-DMA and has managed to close a notch above that. However, given the present structure of the Chart, we still cannot rule out some consolidation at higher levels. Overall, there is no denying the fact that the undercurrent remains buoyant. However, we cannot overlook the present short term formations which point towards likely consolidation happening at current levels. We see high probability of Markets witnessing some profit taking bouts at higher levels with very limited downsides. Also, the high PCR levels (Put to Call Ratio Levels) too point towards some likely pause in the up move. While expecting Markets to consolidate at higher levels, we advise vigilant protection of profits at higher levels while continuing to use downsides to make select purchases. STOCKS TO WATCH: Favorable technical setup is observed in stocks like KPIT, TCS, SUBEX, INFIBEAM, M&M Financial, CAMLIN FINE SCIENCES, RADICO KHAITAN, CYIENT, TATA CHEMICALS and JAI BHARAT MARUTI. (Milan Vaishnav, CMT, MSTA is Consultant Technical Analyst at Gemstone Equity Research & Advisory Services, Vadodara. He can be reached at milan.vaishnav@equityresearch.asia) Milan Vaishnav, CMT, MSTA Technical Analyst (Research Analyst, SEBI Reg. No. INH000003341) Member: CMT Association (Formerly known as Market Technicians Association, (MTA), USA Canadian Society of Technical Analysts, (CSTA), CANADA Society of Technical Analysts (STA), UK www.EquityResearch.asia milan-vaishnav.blogspot.com +91- 70164-32277 / +91-98250-16331 milan.vaishnav@equityresearch.asia milanvaishnav@yahoo.com
NSE:NIFTY
by Foram_C
Technical Outlook for Thursday, April 12, 2018While continuing its uptick for the fifth day in a raw, the Indian Equity Markets ended yet another day with NIFTY seeing minor gains of 14.90 points or 0.14%. Markets have exhibited extremely positive underlying intent as it recovered from the low point of the day. However, they have continued to resist to the 50-DMA and 100-DMA values which remain in extremely close vicinity of each other. As we approach the Thursday’s trade and despite the fact that there is very evident positive undercurrent, we still feel there is a need to approach the Markets with caution. The 50-DMA and 100-DMA levels which stand at 10425 and 10440 respectively will continue to resist the Markets at Close levels. The levels of 10440 and 10495 will act as immediate resistance area for the Markets. Supports come in at 10380 and 10320 zones. The Relative Strength Index – RSI on the Daily Chart is 56.4564 and it has marked a yet another 14-period high which is bullish. It continues to remain neutral showing no divergence against the price. The Daily MACD remains bullish while it trades above its signal line. On the Candles, a hanging man occurred. With such formation occurring during an up move, it raises some caution at current levels. It has a potential to temporarily stall the up move. While having a look at pattern analysis, though the Markets continue to remain comfortably in the primary up move, it facing short term resistance as well. The levels of 50-DMA and 100-DMA which remain in very close vicinity of each other are likely to cause short term resistance area for the Markets. Overall, the Markets have continued to exhibit a strong undercurrent. It has continued to add Open Interest with each minor up move. However it also faces as major pattern resistance at 50-DMA and 100-DMA. Though we may not see any significant downsides but the Markets certainly remain prone to volatile profit taking bouts from higher levels. We continue to advise protecting profits at higher levels. There are higher chances that even if the Markets continue with its up move, it might face some range bound consolidation at higher levels. Positive caution is advised for the day. Milan Vaishnav, CMT, MSTA Technical Analyst (Research Analyst, SEBI Reg. No. INH000003341) Member: CMT Association (Formerly known as Market Technicians Association, (MTA), USA Canadian Society of Technical Analysts, (CSTA), CANADA Society of Technical Analysts (STA), UK www.EquityResearch.asia milan-vaishnav.blogspot.com +91- 70164-32277 / +91-98250-16331 milan.vaishnav@equityresearch.asia milanvaishnav@yahoo.com
NSE:NIFTY
by Foram_C