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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
Nifty Trade Setup for 01 July. 2022Nifty 50 Index finished a choppy session flat on Thursday, as gains in select financial stocks were offset by losses in the IT, metal and auto sectors. The index closed its rangebound session on a negative note, the monthly expiry day for June F&O. India VIX (Volatility) cooled down a bit to 21.84 levels, but still above the crucial 20 mark which can favour bears and create discomfort for bulls going ahead. India USD – 2Hr TF After giving a false breakout, the Index has been consolidating inside the range of 15,950 and 15,650 levels for the last 1 week. Hence, a directional move is unlikely to emerge unless the index comes out of this range. The index is taking support from the dynamic trendline and is facing multiple rejections on the upside forming an ascending triangle pattern. A fresh uptrend rally is possible if the index breaks out and sustains 15,950/16000 levels and the index can test 16,300. However, if the index fails to sustain the previous swing low (15,650), it can fuel a downfall to 15350/15,200 levels.
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by Virupandey81
2
Monthly closing of Nifty was not bad. (Monthly Closing Update). Monthly closing of Nifty was not bad and above 15500 levels despite spreading global gloom. However it does not show we are out of troubled waters. All is well till we are above 15500 levels. Below 15500 levels there are two major supports. One is recent bottom near 15180 levels. If this is by chance taken down in July we will be left with a major strong Fibonacci support near 15038 as you can see in the chart. Below 15038 we have major supports at 14485 (likely bottom in view of many experts) or 50 months EMA near 13571. On the upper side major resistances remain at 15800-950 range and above it 16300-400 range. Above 16300-400 range we can move swiftly to 16800 or even 17300 in the medium term.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Daily Analysis - 29th Jun 2022 - IndecisiveHi Traders/Investors, NIFTY is looking quite neutral as this point, waiting for the news on US GDP data. NIFTY took support from the Trendline in the morning and also closed exactly at the same Upward trendline. On UPSIDE, strong resistance is from SELL ZONE between 15927 - 15927 levels, crossing which it would go for Gap filling from 15927 to all the way till 16175. On DOWNSIDE, There is a big Buy zone between 15690 - 15610 levels. Regards, Anshul
NSE:NIFTY
by simplyansh
NIFTY Daily Analysis 29thJun2022 -NIFTY Futures showing strengthHi Traders/Investors, Today NSE:NIFTY1! gave a perfect closing on the Upward trendline in GREEN in chart. Depends on how US markets respond today, they're pretty indecisive as they and the whole world is waiting for US GDP data which would come tonight. Depending on it, if US Markets responds in a positive mood, then we would rally as well. NIFTY would most likely take Support from this Trendline, if it does then it might quickly go UPWARDS to touch Sell Zone of 15900 - 15940. NIFTY on DOWNSIDE, if it breaks the trendline in morning or open Gap Down, can quickly touch Buy Zone of 15635-15520 levels. Regards, Anshul
NSE:NIFTY1!
by simplyansh
NIFTY Weekly Analysis: 26th June. SHORT before LONG!Hi Traders/Investors, I see NIFTY on Friday 26th 2022, couldn't close above 21st June's High price of 15707 and secondly it closed below 15700. I know DOW and S&P500 both closed well in green with more than 2.6 - 3% on Upside. But when I see NIFTY chart and Open Interest in the system, there are lot more Calls in system than Puts. Also, if I see FII data they sold more than 2000crores on Friday as well. So, my trade for next week would continue to be on the downside, I don't see Bullish signs yet in NIFTY as NIFTY gave close to half it gains from High it made on Friday. This might sound like a contrarian view against general views, but often markets do quite the opposite of what masses think. I hope I'm wrong but if I'm right you'll thank me later! :) So, the two trendlines which you see in the chart, I'm expecting if market opens flat and then the red trendline break out on good volume on upside, I might add some LONGs. BUT, if its a big Gap-up opening, I might add SHORTs at 16000 and 16200 levels. Remember these are positional calls and not Intraday. Please take positions at your own risks and these are not Buy/Sell recommendation but my personal view on markets. Regards, Anshul
NSE:NIFTYShort
by simplyansh
Medium Term Market (Nifty) Outlook. Nifty confirmed support at 15180-191 range and pushed ahead. Time will tell if this is a temporary or permanent support but for now a closing on Friday above 15650 levels is a good sign for now. Closing above near term resistance of 15750 would have been even better but current closing is also not bad. Support and resistances in the near term are as under: Nifty Resistances: 15750, 15880, 16030 and finally 16174. Closing above 16174 can further strengthen Nifty and send it towards 16400 and finally 16785 in the short to medium term. Nifty Supports: Supports for Nifty can be seen near 15622, 15500, 15368 and finally 15182. Below 15182 only major support is near 15050. Below 15050 we can see a free fall towards 14500/14300 or even 13700-800 levels in very unlikely circumstances.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty50 is in Strong Downtrend momentumNifty50 is in strong Downside momentum 1. Nifty50 is forming lower high pattern which indicates market is in downtrend 2. ADX shows the short-term uptrend is weak and its show the maximum strength in downside 3. RSI is in oversold region; RSI will rebound, and Fall after Nifty reaches 15890 4. I am expecting a rejection over above 15886 level and then Nifty will create a new lower high as shown in the above chart 5. Usually in Downtrend market there will be short rally but in every short-term rally there will be huge selling Finally, 1.Traders please focus on capital protection rather than making profits as this market is highly volatile and sideway we need a proper confirmation in the nifty50 chart for further move so wait till nifty reaches above 15886. 2. Reduce your trading activity and wait for confirmation Personal Advice: {if you see any rally in the market try to take short position as uptrend is very weak} See you guys on other technical analysis idea Thank you for spending your valuable time over here Guys if you want to ask any question and doubts ask in the comments section below - Varun Raja V.K Disclaimer Above said points are my opinion and thoughts and its only for Educational Purpose I am Not an SEBI registered advisor so consult your SEBI registered advisor before doing anything
NSE:NIFTYShort
by VarunRajaVK
4
Nifty Forming a temporary base? Or start of new bullish phase?Market is trying to form a bottom or at least a temporary bottom near 15184 levels. Crossing 15676 is the key. If this level is crossed the next resistance will be near 15887. Crossing 15887 will open the doors for 16300, 16796 and if all goes well 17300 levels. On the down side if 15184 is broken the only support will be at 15050. Falling below 15050 will unleash the bears and we can see the NIFTY fall to 14700 or lower levels.
NSE:NIFTYLong
by Happy_Candles_Investment