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Niftysupport

Nifty getting trapped between two trend lines forming a pennant Nifty is getting trapped between Two trend lines and will look to consolidate further till the trend line is broken on either side. In addition to the trend lines, Nifty is also trapped between Mother and Father line of 50 and 200 Hours EMA. Very interestingly poised Nifty with negative shadow of the candle. Immediate resistances are near 24970, 25027, 25130 and 25192. Above 25192 Bulls can start to breathe easy. Supports for Nifty are at 24885 are 24821. 24821 is the most important support as it is just below the trend line and also 200 Hours EMA that is the Father line. If father line is broken Nifty can further fall to 24751 or even 24527.
NSE:NIFTY
by Happy_Candles_Investment
Nifty has taken a good support.Nifty has taken a good support at 23340 and given a closing above 50 hours EMA at 23537. Shadow of the candle for now has turned positive. There is a strong resistance in place near 23548. 23455 (50 Hours EMA) and 23340 are good supports for now. Above 23548 the next resistances can be 23568 and 23667. Let us see if Nifty rally has gained some steam after little bit of consolidation to go above the next 3 strong resistance. There can be some Profit bookings and pressure to sell once these 3 levels come near.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Medium term and stocks iam buyingMarket broke the support at 22150 New medium term support at 21500 and 21250 as shown in the chart. Meanwhile as mentioned in the last week specific value stock iam accumulating based on q4 results whenever there is a dip, Plan to purchase in three four parcels. Icici bank Axis bank Manppuram Dr reddys Natco Bajaj Fin serv Bajaj Fin Icici sec Acc Biocon These stick are given for analysis purpose. Individual can review and purchase according to their requirement.
NSE:NIFTYShort
by karthikss
Good Closing to the week. Light may shine in Muhurat trading.A very good candle to close the week by Nifty on Friday. In general, there is good buying on the Muhurat day. In addition to this markets in US and seems to be closing on a strong footing in US. All this can lead to a bumper Muhurat day session and the following week can also shine with positivity in this festivity adding more glitter to the festival of lights. Resistances on the upper side remain at 19444 (Looks like this resistance can be leapfrogged). Further resistances will be near 19582, 19695 and finally 19860. Supports on the lower side will be near 19316 and 19221. (The zone between 19316 and 19221 is a strong support zone now). Below this level 19078 and 18873 will be the final supports.
NSE:NIFTYLong
by Happy_Candles_Investment
19831 proved as resistance as depicted yesterday. Read Yesterday's idea and look what was said about 19831. Look at the chart and see what 19831 did. Yesterday the resistance level was given 19831 look what happened today. Look at the specific area in the circle. That ladies and Gentlemen is power of Technical analysis. All the other resistance and support levels remain the same. As we could not cross the resistance today we might start negatively or very negatively and Nifty might stage a recovery later in the day or couple of days. 19690, 19663 or 19622 can prove to be important supports.
NSE:NIFTY
by Happy_Candles_Investment
Market is indecisive but bias seems to be positive to neutral.Market is indecisive but bias seems to be positive to neutral. If the support near 19483 will be broken the Nifty can further fall towards 19227, 18905 or 18531 levels. Resistances on the upper side for Nifty remain at 19795 and 20000. Nifty took a support on Friday at the trendline and bounced handsomely above 19600 which is a good sign. Now sustaining above the same will be the key for regaining 20,000+ levels. The chances for Nifty remaining side-ways are also there for the coming week.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Outlook:Nifty is taking support at the 50 days EMA and trying to stage recovery from there but 19440 to 19520 is a resistance zone which it is finding difficult to clear. If and when that resistance zone is cleared the next resistance zone is near 19631 and 19786. In case the Nifty breaks 50 EMA and parallel channel bottom support the bears will feel empowered and they can further drag the index down. Supports for Nifty on the lower sides are near 19274, 18900 and finally 18392.
NSE:NIFTY
by Happy_Candles_Investment
Gap-up above Mid-Channel line & sustaining above it is a big +veGap-up above Mid-Channel line & sustaining above it is a big positive which most probably will take is to the channel top or near the channel top. Right now the resistances in front of NIFTY are at 18728 and 18778. Supports for Nifty are now same Mid-Channel line 18639, 18555 and 18465. Things look Bullish, positive and vibrant as of now...Looks like Nifty will try to give it a shot to reach All Time High...
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Short Term Outlook NIFTY is approximately 3% away from the top. Question on minds of most investors is: When will Nifty make a new high by crossing this Crossing this 3% hurdle. Crossing this 3% hurdle will not be easy in my opinion, unless all FII, DII and Retail investors participate in the ongoing rally. Rally has hit the resistance zone now. It was a good week but going ahead Nifty will have to conquer 4 major resistances. These 4 Resistances are at 18393, 18474, 18609 and 18715. In case these resistances are not crossed there are chances of rally to fizzle out with supports at 18185 and 18053. 18053 is a major support. Below 18053 bears will start calling shots. If we get a weekly closing below 18053 the next support zone will be between 17793 and 17529 (Final Major support). Below 17529 bears will be in full control again.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Facing Key Resistance Zone of 17700 to 17797 Nifty has reached the zone where the strength of current rally will be tested. The zone between 17700 and 17797 will be strong resistance zones for Nifty. Only if the rally has genuine strength it can cross this zone. If this resistance zone is crossed the next resistances will be at 17923, 18038 and 18137. Supports for Nifty remain at the levels of 17597, 17533, 17460. The strongest supports for the current rally will be and 17414 and 17363 which are 50 and 200 hours EMA. Below 17363 bears will snatch back the control of the market.
NSE:NIFTY
by Happy_Candles_Investment
Sandwiched between Support and Resistance with positive biasNifty is perfectly sandwiched between strong support and strong resistance but the bias which was negative for most of March is fading. It is a very very critical day tomorrow. Nifty has already closed on Wednesday above a critical resistance of 17060 giving it a positive bias. Now the most critical resistances that remain to be conquered are 17137 and 17261. Above 17261 Nifty can race to 17408 levels where there is another critical resistance and that a big one of 200 Weeks EMA. Nifty closing the month above 17137 will be great for momentum to be carried forward to April 2023. If Nifty can close above 17261 it can be a momentum shift and Bulls can think of making a come back in April in that case. Strong Support on the lower side remain at 16825 levels.
NSE:NIFTYLong
by Happy_Candles_Investment
Spot Nifty ended below 50 Hours EMA. If US indices and SGX Nifty don't do well overnight the chances are that few supports on the down side will be tested tomorrow. FII and DIIs both were net sellers today again showing some chinks in the armour of rally which started around 15183. Seems the strength of bulls is exhausted as third day in a row the Bulls could not even touch coveted psychological mark 18100 forget about sustaining over it. Bulls will have to show lot of courage to pull Nifty above 18100. Specially with FED announcement round the corner and a possibility of 100 bps hike has made investors cautious. Major level to watch out for tomorrow or in the coming week will be 17668 . Below 17668 Nifty can see a free fall. However the support at 17668 is so strong that even Bears will have to pull all their shots to bring Nifty below it. Resistance on the upper side remains at 18100, 18343 and 18606 levels.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Important levels and trading plan for Tuesday 12.07.22On daily time frame nifty is sideways. With important resistance levels in 15-minute time frame at 16249, 16275, 16297, and 16325 and support levels at 16182, 16145 and 16118. And major support levels in daily time frame at 16095, 15895, 15678 and major resistance levels at in daily time fare will be at 16405, 16503 and 16588 Below 15678, Nifty will be bearish again. Between 16216 to 16182 will be the no trade zone for directional traders. With flat opening crossing 16182, a bearish trade can be taken. For bullish trade we will have to wait for upper level of no trade zone to cross with a price action. For any opening below that zone, we can go for trades with price action only. 16200 will be the level of concern for tomorrow with considerable OI in both CE and PE side. Nifty sustaining either side will be the side of Nifty for tomorrow. *All support and resistance plotted are based on PDH/PDL. For any reversal after breaking PDH/PDL, support and resistance levels will be different* **Time of plotting the levels and planning 11th July 4:10 PM** ***Personal opinion, not a trading advice*** #NIFTY50
NSE:NIFTY
by rahulbora11
Nifty Important levels and trade planning for Monday 06.06.22At this time SGX Nifty is 116 points down then it’s previous days closings, and at fib level .786 which may act as support and probably may took a reversal, and then we may see a flat or small gap down for nifty on Monday. But if SGX Nifty breaches its current support level and continue its move then we may expect a heavy gap down of NIFTY on Monday. If NIFTY opens below 16613 level, then there is high possibility that it will continue its bearish move as this the level of fib .5 for the current swing and at the same time central pivot line for next week’s weekly CPR, which will clearly offer a huge resistance. So for flat or small gap down opening with one negative candle we may enter into a bearish trade, Major support levels will be at 16519, 16441 and 16368. Any gap down opening of more than 150 points need to wait for price action to complete. For flat or slight gap up opening-On Monday NIFTY has wide CPR, and for flat or minor gap up opening it will face resistance in all levels from 16613 to 16710. If it crosses 16710 level with positive price action then we can enter into a bullish trade. Major resistance levels will be at 16793, 16847 and 16920. From OI data 16800 has huge OI build-up in CE side, and for PE 16500 and 16300 has heavy OI present. So, these levels will definitely act as supports and resistances.
NSE:NIFTY
by rahulbora11
Nifty Futures Key Trading Levels for 19th Oct 2021Nifty Futures Key Trading Levels for 19th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together.
NSE:NIFTY1!
by sbkurandwad77
1
Nifty50 Key Support & Resistance for 6th Oct 2021Nifty50 Key Support & Resistance for 6th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor before making any trading decision. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:NIFTY
by sbkurandwad77
Nifty Support & Resistance for 29th Sept 2021Nifty Support & Resistance for 29th Sept 2021 After Trending move on 28th Sept may Nifty remain Volatile or rangebound Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor for before making trading decision.
NSE:NIFTY
by sbkurandwad77