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Niftysupports

Fibonacci Supports and Resistances Medium to Long term Outlook.Here we have tried to show you Fibonacci supports and resistances for Nifty on Monthly chart with Medium to Long term outlook. Fibonacci retracement suggests the nearby major resistances at 25233. Crossing this zone and closing above this zone is imperative for proper bull market to return. In such a scenario the next resistances will be at 26277 (Previous All Time high). Closing above 26277 will open the door for the targets of 27K+. The Golden ratio of Fibonacci suggest the cap near 29540 within next 13 to 21 months. Supports for Nifty remain at 24443, 23903, 23375. Below 23375 Bear market can return and can drag Nifty towards unlikely levels of 22737 or 21743. (This looks unlikely as of now but you can never say never looking at the Tariff wars and not so conducive Geo-Political situation of the subcontinent, Russia-Ukraine, Israel and other factors.) So one eye of investors should be on macro factors also while looking at rosy micro factors related to Indian markets. While we look forward to making new highs in the next 1 or 2 years. Never forget Stop losses / Trailing stop Losses are best friends of investors. Stop losses protect your capital and trailing stop losses protect your profits. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Flag and Pole kind of structure forming in Nifty. There is a very positive looking flag and pole kind of structure forming in Nifty hourly chart. This is within a parallel channel which Nifty has been following since April 15th 2025. This Flag and Pole breakout will come into effect if and only if we get a closing above 24880. In case of flag and pole breakout happening the future resistances will be near 24959, 25084 and 25157. 25157 again will be a major resistance as it will be the mid of the channel. The supports for Nifty in case the flag and pole breakout does not take effect are at 24804 (Mother line of hourly chart) 24693, 24518 and finally 24439. Below 24439 bears can take over the market. Above 25157 Bulls can take over the market. Shadow of the candle is effectively neutral to positive. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty feeling pressure, unable to sustain above 25K levels.Nifty not able to sustain levels above 25K is not a good news. Nifty has to sustain above 25094 level on daily and 25208 on weekly closing for further upward move. Market is not showing confidence due to daily tariff related news coming for global Power house US. So Volatility will remain for a while till everything falls in place. Right now Nifty is resting near trend line support levels of 24731. If 24731 is broken Bears can drag Nifty towards 24469, 24067 (Mother line Support), 23899 or even 23637 (Father line support). If Nifty can sustain above 25094 then there is a possibility for up move towards 25208 or even 25446 levels. Things are delicately poised right now and proper Bear Vs Bull Tussle is going on. Shadow of the candle is neutral to negative but any positive news on global front can change the tide in favour of Bulls. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Trying to Forge ahead after taking Mother Line Support.Nifty is trying to move upwards after taking Mother line support. However there are strong resistances which Nifty needs to conquer in order to move ahead substantially. These resistances are near 25094 and 25208. Closing above 25208 will confirm the current trend which can tae Nifty close to 26K with other resistances at 25446, 25649 and 25810. Supports for Nifty currently are near 24820 (Mother line support), 24469, 24356 (Father line support) and 23899. The direction of arrow is clear for medium term unless the arrow is broken on the down side. Nifty is currently forming a positive higher highs, higher lows pattern which is again a positive sign. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Parallel Channel and other Technicals Explained on a Nifty ChartWe have tried to draw a parallel channel on Nifty hourly chart. The chart indicates that we are just below the mid channel line. The mid channel line will act as a resistance if the price is below the same and will act as a support if the price is above it. Right now it is acting as a resistance. Top of the channel always acts as a resistance and bottom of the channel always acts as a support. Additionally there are historic resistances and supports which indicate the other levels which may act as support or resistance. There are also Mother and Father lines (50 and 200 EMA)(EMA = Exponential Moving Average). To understand in detail how parallel channel works or how supports and resistance are derived or what is Mother, Father and Small Child theory. I would recommend you my book The Happy Candles Way to Wealth creation. By reading this book you can understand all these concepts with ease. You can additionally understand what is fundamental and technical analysis and how to do it. You will also get to understand the dos and the don'ts of investment in equity by reading various chapters on Behavioural Finance. Overall it is a value for money book available on Amazon in Paperback and Kindle version. The book is also available on Google play book and other E-book stores. You can also contact us for getting the copy of it. The Happy Candles way is one of the highest rated books in the category and you can go through the reviews of the book on Amazon before purchasing it. Based on Parallel Channel, Supports and Resistances, Mother Father and Small child theory resistances and supports of Nifty remain at. Nifty Resistances Remain at: 24815, 24909, 24977, 25045 and 25116. The channel top resistance for the current parallel channel is around 25372. Nifty Supports Remain at: 24780 (Mother Line Support), 24679 and 24537. The Channel Bottom support is currently around 24396. 24247 is the most important Father line support. Shadow of the candles currently is neutral. Indicating Nifty can still go in any direction. A pennant like structure (Triangle is also formed). This indicates that Breakout or Breakdown of this triangle or pennant can take Nifty a long way on either side. Nifty is currently squeezing in the pennant with limited space. Usually when the space is limited a Breakout can happen in either direction. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Multiple Resistances and Profit bookingMultiple resistances, trend line resistances are acting on Nifty and hampering it's progress. Also there is Profit booking seen across the board in all sectors. Additionally there is a new COVID scare that is spreading in China, Singapore and Hong Kong. These are the factors currently facing Nifty and not allowing it to fly above 25K levels and forcing it in downward spiral. The resistances for Nifty remain now at: 25234, 25064, 24937, 24780, However we are entering into support zone now. The supports for Nifty remain at: 24664, 24509, 24259, 23900 (Strong Mother line support of daily chart) and 23576 (Strong Father line support of daily chart). To know more about importance of Father and Mother line supports and resistances read my book the Happy Candles Way to Wealth Creation. The book is available on Amazon in Paperback and Kindle Version. You can learn about Fundamental and Technical analysis from the book. The book also gives you knowledge about the art of Profit booking and novel ways of stock data analysis. Lot of reviewers consider it a hand book to investing in stock market. Everything is explained in simple jargon free language with examples of Cricket and day to day life which makes understanding of difficult investing concepts very easy. You will not regret buying the book that we can assure you. As the multiple resistances were very strong this fall / correction / consolidation was bound to happen. As of now this should be seen as a regular market phenomenon only. Bear will become more active only if Father line support is broken. Bulls will become more active only when we get a closing above 25064. Above 25234 is a pure bull territory. Below 23576 is pure bear territory. Right now we are in no man's land. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Still near the top of Parallel Channel. Nifty is consolidating near the top of the parallel channel and searching for momentum for getting a clear breakout. Till it regains the momentum and Mojo the upside looks limited. The current resistances it is facing is near 25068. Once we get a closing above the same there is possibility of some upside. In case we get a closing above 25068 the next resistances will be near 25134 and 25290. 25290 is the point above which we have a clear channel top Breakout. We will wait for that to happen for giving further resistances. The supports for Nifty are currently near 24924, 24761 (Mother Line Support of Hourly chart). If we get a closing below 24761 the bears will come back into the game and can drag the Nifty further towards the levels of 24647, 24509, 24259 or even 24162. 24162 is a Father line support of hourly chart. A closing below this levels can bring Bears in a total action mode. We will comment about further supports if by chance we get a closing below this level. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Major Breakout For Nifty But a Lot of Resistances Await.We saw a major Breakout for Nifty today but there are a few resistances ahead of us. Three things could happen now: 1) Nifty Rampages ahead towards 26K If the Bull Rally has real substance. 2) We might see some consolidation in this range and and after consolidating, Nifty retesting some important support the rally begins again. 3) Bears That are trapped throw a counter punch. Scenario 1) Nifty has some resistance ahead near 25116 and 25221. We already hit 25116 and then closed at 25062. But if these 2 resistances are cleared and we get a closing above them Nifty can move swiftly towards 25352, 25453, 25662, 25882 and then regain 26K+ levels. Scenario 2) As the Nifty has been rampaging ahead post ceasefire news there is practically need of a consolidation here. If Nifty chooses Consolidation then it may come down to test the bottom and the supports from where it can launch again remain at 24864, 24525, 24369 and then Mother and Father Line supports at 23775 and 23536 respectively. Scenario 3) Bears who are trapped badly with the shorts can also throw a counter punch. This punch however will be effective only if we get a closing below 23536. In such a scenario Bears can pull back the Nifty towards 23942, 23401, 22805 or even 22K levels. (This however looking at the momentum looks less likely but you can never say never in stock market.) Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Volatile day where Mother line gave support to NiftyIt was a volatile day on browsers where Mother line of hourly chart gave support to Nifty and helped it close in Green. after opening in Green Nifty and making a high of 24767 Nifty saw selling pressure which took it to as low as 24535 losing over 232 points. There Nifty found the support of Mother line and rose 141 points closing at 24666 which is 88 points hig from yesterdays close. Further volatility cant be ruled out as Nifty is facing the resistance of the trend line at 24684. If this level is crossed Nifty can find further resistance at 24852 and 25012. 25012 seems to be a Channel top resistance which will be little difficult to cross. Supports for Nifty remain at 24505 (Mother Line Support), 24374, 24165 and 23979 (Father Line Support). If Father line support is broken by chance bears can drag Nifty further down to 23786 levels. Around this zone we will also have mid channel support of the parallel channel. Thigs are delicately poised with positive shadow of the candle. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty cooled down from the overbought zone. The correction in Nifty we saw today in most likelihood seems like a correction from overbought zone. The indicator for this is RSI which had reached 77.09 yesterday in the hourly chart. After the correction today it is back to 53.28 after reaching 51.5 earlier today. Another reason can be US and China agreeing to a trade deal which might also be seen as a negative for Indian markets. whether it will have very negative impact and send market further down is there to be seen. IT, Metals, Infra, MNC, Pvt Banking and Finance stocks were laggard. The indices that were positive today are Midcap, Small cap, Psu Banks, CG, Media and Pharma. Supports for Nifty remain at: 24450 (Mother line of Hourly chart), 24374, 24165, 23929 (Father line of Hourly chart) and Mid channel support at 23786. Resistances for Nifty remain at: 24642, 24797 and 25012 (Channel top resistance). Shadow of the candle looks neutral as of now. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Brahmos Candle took off today. The situation was delicate on Friday but weekend brought a news that was favorable for the market. The news related to Ceasefire always helps the business and give a relief to the investors. We are yet to see how things shape up when the 'war of fog' disperses but things are coming back on track it seems as of now. Trade talks between US and China are also yielding some positive vibes. Thus the market today took off like a BRAHMOS Missile and had given one of the strongest candles which is very rare to see. Things are looking very bullish as of now if everything remains calm. The Nifty supports right now seem to be near 24802, 24621 (Trend line Support) 24361, 23849, 23648 (Mother line on Daily chart) and 23498 (Father line on Daily chart). The Nifty Resistances right now seem to be near 24944, 25062, 25245, 25505 and 25772. Once we close above 25772 if everything remain positive we can think of regaining even 26K levels and going deeper just like our missiles. But before we reach the Euphoria zone there are a lot of resistances to be crossed. Shadow of the candle is Bullish however there can be chances of Profit booking as well where investors can tend to take their short / medium term profit. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
So finally Nifty recedes a bit due to Indo-Pak tensions.Finally Nifty today receded a bit due to Indo-Pak tensions and war like situation/war between Indo-Pak. The support levels for Nifty now remains at 23924, 23809 important (Father line support of hourly chart), 23676 important mid channel support if this support is broken bears can drag Nifty further down to 23462, 23279, 22771 and finally 22579 which is the channel bottom support. If this level is broken there can be further free fall. Resistances on the upper side remain at 24111, 24247 (Mother Line resistance on the hourly chart), 24443, 24634 and 24892 (Channel top resistance). Situation remains fluid due to the Geo-Political situation no support can be very strong support as a lot can happen during the week end and no resistance can be a solid resistance if few things move in the anticipated direction. Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Very Strong performance by Nifty to close in Positive todayDespite the fear of escalation of tensions at Indo-Pak border and Indian carrying out Operation Sindoor Nifty closed in Green today. This signifies the strength of Indian market, India as an Economy and India as a country. Very few would have imagined that Indian markets will close in Green today when the market begun early morning. The situation still remains fluid/dynamic and explosive. so still investors should keep stop losses and trailing stop losses in place. Supports for Nifty remain at: 24315 (Strong Mother line for hourly chart), 24202, 24083, 23944 and 23754 (Strong Father Line support). Below 23754 Bears can take control of the market and drag it towards 23K. Resistances For Nifty remain at: 24430, 24528, 24616 and 24863. Closing above 24863 can empower Bulls in a big way to Pull Index towards 25K+ levels. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
24589 proving to be a difficult resistance to conquerNifty once again tried to sustain the levels above 24500 but again faced resistance and pulled back. Amidst the drums of Ind-Pak war beating and ongoing tariff war the investors are afraid to take seriously long positions. Also we will have a US Fed rate decision coming up which is also adding to the investor anxiety. Mid and Small cap took the maximum brunt today due to all these factors. The Nifty resistance at 24589 is proving very difficult to be conquered with all the noise going around. Nifty resistance levels remain at 24509 and 24589 if we get a closing above 24589 Nifty can easily move for war 24813, and 25162. Supports for Nifty on the down side are at 24365, 24048, 23852 and the zone between 23515 (Mother line) and 23461 (Father line). If we get a closing below 23461, Nifty can again fall to the levels of 22802, 22148 or even 21625. (That is in adverse geo-political developments). A lot right now depends on Macro factors affecting the index and overall situation on Geo-Political front. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
2
Nifty eyeing Trendline breakout amidst uncertainty. Amidst uncertainty on Geo-Political front Nifty gave up 242 points it had gained earlier in the day. Also it bounced 108 points from the day's low to close 12 points in positive at 24346.7 in a highly volatile Friday. Reliance remains start of the week after posting stellar results earlier in the week. The Trendline resistance zone between 24365 and 24589 remains difficult to conquer for Nifty. Once we get a closing above 24589 can the bulls try to pull Nifty further up towards 24910 and 25K+ levels. Incase the trend line resistance is not crossed successfully the support for Nifty remains at 24048, 23852 and 23343. As of now it looks that the level of 23343 which is the Mother line of Weekly candle chart (strong Support) can be breached only if there is flare up of incidents on the Border or elsewhere. The situation at Indo-Pak Border remains delicate and tense that might be one reason why investors did not carry long positions into the weekend and Nifty lost most of it's gains. Right now a lot depends on what happens between the 2 nations and surrounding region. Investment in large cap companies remains the safest option looking at the uncertainty. Even in the case of flare-up at the border these companies will be the first to bounce back after situation normalises. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
2
Nifty trying to break trendline resistance. As depicted yesterday we are near the trendline resistance. These trendline resistance like Mother and Father resistances are not easy to break but once broken they become a massive support zone. Nifty as we saw today is trying to break this trendline resistance which is there near 24359. Once this resistance will be crossed and we get a closing above the same we can see Nifty move swiftly towards 24538 and 24816. After closing above 24816 Nifty can move towards capturing 25K level back. Supports for Nifty remain at 23980 and 23708. Below 23708 we have the Mother and Father line support near 23365 and 23424. To know more about Mother Father and Small Child theory. To learn it to master it. Read my book. The Happy Candles Way To Wealth Creation available on Amazon in Paperback and Kindle version. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty on the verge of Trendline Breakout. There is a major possibility of a Trendline Breakout amidst the rumblings on conflict with enemy nations. The main reason for Market rally today was Superb results posted by Reliance and a rally in PSU, Capital goods and defense related stocks. A lot of stocks that were oversold in the knee-jerk reaction on Friday also tried to catch-up. As the situation on the border remains tense we can have a sudden major decline as a reaction to the Geo-Political proceedings. Thus investors are asked to remains cautious and not to carry heavy derivative positions overnight. Even in the eventuality of a war actually happening one think of remaining invested in companies that can bounce back faster once the situation de-escalates. Major Supports for Nifty on daily chart now remain at: 23988, 23708, 23415 (Major Father line support), 23325 (Major Mother Line Support) in case of Mother and Father line failing Bears can drag Nifty further down to 22875, 22142 and 21844. Major Resistances For Nifty remain at: 24359 (Major Trend line resistance), 24538, 24816 (Is another major resistance on Fibonacci scale), If we get a closing above 24816 Nifty can easily flow towards 25183, 25399 and 25603. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Despite Geo-Political tensions, Nifty closes above Mother line. It was quite remarkable for Nifty to close above the Mother line (50 Hours EMA) despite the Geo-Political tensions and brewing storm of escalations at border. This shows the character of not only Indian market but the resilience of India as a nation. In yesterday's post itself we had mentioned that strong technical resistance has been reached. Add the tension and intent of India to fight against terrorism so it was a perfect recipe for a major fall. Which may happen if things escalate further next week but recovering from 23847 and to close above 24K at 24039 shows that when things will be back to normal the indices will bounce back. Resistance for Nifty now remain at 24096, 24335 and 24504. Supports for Nifty remain at 23914 (Major Mother line support) of 50 Hours EMA, 23800, 23530 and finally 23363. While Long term players, FII, HNI and DII look at such opportunities to invest for Retail trader it becomes very difficult to control their emotions in such an environment of Geo-political pressure and then we saw a huge fall in the market. The opportunity was seized by both DII and FII with both hands as both turned net buyers for Rs.6492+ Crores. So traders / investors should always avoid knee jerk reactions. Who knows what happens during the weekend the support and resistance levels to watch out for are already mentioned in the message. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty has hit a channel top with geopolitical events unravellingNifty was swiftly recovering after the Tariff war induced fall. On technical front Nifty has hit a channel top In the hourly line chart. Chanel tops are not easy to conquer and we saw Nifty retrieving today from there. Adding pressure to the rally is the Geo-Political situation after the Dastardly Pahalgam Terrorist Attack. If there is any action by India like Balakot (Swift and fast) any way it will be denied by Pakistan so nothing much will happen to Index. If there is only Political/Geopolitical long term steps taken again it will have less effect on the market. Market may decline drastically only if there is a full blown war between the 2 countries or more than 2 countries. (Possibility of that happening is less but we never know). Not much is in our hand if such a scenario arises. FIIs were seen buying big today so that is something to watchout in the coming days. Technical Supports for Nifty remain at: 24096, 23882 (Mother Line Support), 23800 and 23316 (Father Line Support). (Mid channel support is also around 23300) so this zone presents a strong support zone. Technical Resistances Remain at: 24335 (Major Channel Top Resistance), 24504, 24656 and 24785. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
2
Another remarkable leap by Nifty. Channel top approaching. Nifty gained some serious ground again today closing 273.9 points up from previous close. The zone between 24202 and 24479 is the zone which stand between full blown Bull rally and some consolidation. The regressing parallel channel which started after Nifty made a high 26277 can be overcome if we get a closing above 24366. Immediate resistance is near 24202 before we reach there. Once we get a weekly closing above 24479 Bulls will take total control of the market. In such a scenario the Nifty can find resistance near 24830 before it can regain 25K levels. If Nifty fails to conquer 24202, 24366 or 24479 then the supports will be near 23786. Bears can come back in picture if we get a closing above 23786. In such a scenario Mother and Father lines of hourly chart will play the supporting role at 23411 and 23101. Again near 23101 in addition to the Father line there is also Mid-Channel support thus this level should be considered a major support zone. Since RSI of hourly chart is above 80 there is a chance of slight correction and consolidation which should also be looked at while taking fresh positions. RSI above 80 indicates that the positions might be just slightly be in the overbought zone. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Parallel Channel and how things are shaping up. Nifty has closed strongly above the Mother line of Weekly chart this week. This should be considered a solid come back by Indian markets after the Trump Tariff induced fall. Indian economy is showing it's capability to bounce back on the back of strong rally in most of the sectors other than IT. Uncertainty in IT still looms as below par results that have started coming for might TCS and INfosys. We have a long weekend and uncertainties due to various announcements by global leaders regarding Tariffs can still spoil the party so one needs to be cautious in carrying huge positions over night and over the week especially in F&O trades. Nifty travelling in a Parallel channel depicted above since 2020 is just below its Mid channel resistance at 24415. If you want to see the power of Mid Channel resistnace look at how it stopped Nifty between August 22 to December 23 below it. So Mid-channel resistnace should never be taken lightly. The area is depicted in the chart for your better understanding. Even before we reach that point of major resistance, Nifty has to counter strong resistance which was high of today and this week at 23872. Closing above 24415 can enable and empower Bulls to further push Nifty towards 24894, 25K and 25383 levels if the rally continues. To know more about Parallel channel and how this Technical tool can be used to create wealth in stock market , you need to read my book The Happy Candles Way To Wealth creation. It is a highly rated book have a look at various reviews of the readers on Amazon. Both paperback and Kindle versions of the same are available on Amazon. Nifty supports in case it is not able to cross and close above the resistnace zone of 23872 and 24415 will be 23272 (Strong Mother Line Weekly Support or 50 Weeks EMA) and 22698. A closing below 22698 in case of some adverse news or global development can empower the bears and can have potential to drag Nifty towards recent low of 21743 or 52 week low of 21281. As of now things looking good but we have to wait and see the global and local developments over the weekend. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty near the trendline resistance now after another good day.Nifty has cleared the 200 days EMA or the Father line on Daily chart. But in the hourly chart depicted here has hit a resistance zone which happens to be a trend line resistance. RSI of Nifty is currently above 73 and the scope for upside is there but limited. With a shortened week tomorrow we will have a weekly closing. So a positive closing tomorrow can place us in a good space for a next week. However with everchanging trade war scenario it is difficult to guess if investors will encash their long positions or carry them forward into the next week. The next resistances for Nifty remain at 23456, 23621, 23713, 23784 and 23915 before Nifty regains 24K levels. The support zones for Nifty remain at 23292, 23156, (Mother and Father lines of hourly chart are close by near) 23017 and 22980. So this zone will be a strong support. A closing below 22980 can drag Nifty down towards 22771 or even 22361 region. Also one must keep an eye on Reliance result tomorrow. As it is a index power house it can single handedly make or break the weekly closing. Flat or positive closing tomorrow will be very helpful for the bull run to continue. Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
Resistance Zone approaching. Can the bulls defy the odds?Nifty is rallying for the last few days along with global markets due to relief provided by US President Donald Trump due to Tariff pause but we are approaching a zone where the maniac rise might halt or it might take some time to relax and catch a breath or two. The zone of concern starts from Father line of daily chart which is near 23360. Once we get a closing above this point the zone between 23569 and 23893 will be little difficult to cross as it has the trend line resistance. Once we get a closing above 23893 the Bulls can be in very strong space where they can try to pull the market further 500/800 points upwards. However we comment about it when we reach there. The support for Nifty in case the Father line or the Resistance zone of 23569/23893 plays a spoil sport will be 23174, 23039 (Strong Mother Line Support of Daily chart). If the Mother line is broken and we get a weekly closing below the same Bears will come back into action and can try to drag the Nifty towards 22675, 22353 and finally 21737. Disclaimer:The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
NSE:NIFTY
by Happy_Candles_Investment
2