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Niftytrend

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
1
24 April Nifty50 trading zone prediction #Nifty50 #option trading 99% working trading plan 👉Gap up open 24382 above & 15m hold after positive trade target 24483, 24570 👉Gap up open 24382 below 15 m not break upside after nigetive trade target 24233, 24120 👉Gap down open 24233 above 15m hold after positive trade target 24382, 24480 👉Gap down open 24233 below 15 m not break upside after nigetive trade target 24120, 24000 💫big gapdown open 24120 above hold 1st positive trade view 💫big Gapup opening 24483 below nigetive trade view Trade plan for education purpose I'm not responsible your trade More education follow & support me
NSE:NIFTYShort
by mayuraj_820
Nifty Analysis EOD - April 24, 2025🟢 Nifty Analysis EOD - April 24, 2025 🔴 Inside Bar Alert—Calm Before the Storm? 📊 Market Recap: Nifty opened at 24,284, marking a Gap Down of 51 points (-0.21%) from the previous close. The day began on a surprisingly calm note, but that didn’t last long. Within just 15 minutes, Nifty spiked over 100 points, rushing toward PDH (Previous Day’s High)—only to reverse sharply in the next 15 minutes and create a new intraday low. 📉 This wild back-and-forth action in the first hour was nothing short of a nightmare for intraday traders—especially those trying to catch a trend early. If anything, scalpers might’ve had the best time, capitalizing on the swift movements in both directions. For the remainder of the session, Nifty oscillated within the CPR zone, with a few false breakout candles that quickly retraced. The structure remained range-bound, indecisive, and tricky to navigate. 📅 Expiry Day Check: Deja Vu, Minus the Volatility If we set aside the unusually directional move of April 17th expiry, today looked like a textbook expiry day, much like the past 10 before it: Movement hugging VWAP Small false breakouts on either side No follow-through Today’s range: 132 points Avg range of last 10 expiries: 192 points This time, however, the volatility was muted, despite early session fireworks. 🕯 Daily Candle Structure: Inside Bar + Shooting Star On the Daily chart, today’s price action has formed a bearish Shooting Star–like candle, but here’s the kicker—it’s also an Inside Bar setup. 📌 What’s an Inside Bar? An Inside Bar pattern occurs when today’s high and low are completely within yesterday’s range (the “mother bar”). This signals consolidation or indecision, and often precedes a strong breakout. 📖 How to trade it? Wait for a decisive breakout above the mother bar high or below the mother bar low. Add confirmation with volume surge to gauge the strength of the breakout. 👉 Remember: The Inside Bar doesn’t predict direction—it just tells you a move is brewing. 📌 Gladiator Strategy Update ATR: 328.34 IB Range: 108.40 (Small IB) Market Structure: Balanced 🎯 Trade Highlights: No Trade Opportunity Presented — The structure didn’t offer any valid setups within strategy rules. 🧠 Index Performance Snapshot: Nifty 50: -82 Points (-0.34%) Bank Nifty: -168.65 Points (-0.30%) Nifty 500: -57 Points (-0.26%) Midcap: -71 Points (-0.13%) Smallcap: -6 Points (-0.04%) 📌 Key Levels to Watch 📍 Resistance Zones: 24,330 ~ 24,360 24,480 ~ 24,540 24,800 📍 Support Zones: 24,190 ~ 24,225 23,950 ~ 24,000 (Immediate) 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,200 ~ 23,190 🧭 Final Thoughts: "Inside Bars are like market whispers—subtle, quiet, but worth listening to. The next breakout might just surprise you." ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty--Demand Zone and Liquidity @23400 Nifty index is broken the strong resistance at 23800 levels and taken the liquidity at 24220 levels... now price action is sideways or trading in a range bound market. expecting some pullback for further continuation.... wait for buyers exhaustion before short... we have a clear demand zone at 23400 levels... when price confirms the bullishness here, after the liquidity grab below the demand will observe a strong up move again... there are bullish gaps @22800 levels...price has to give pullback for further upside move... the above one is a clear buying plan for the targets of 24800 and 25200 liquidity. --->>still we have no sign of bearishness is seen in Nifty.
NSE:NIFTY
by IIT-Trader
1
Nifty Spot Daily Trend Analysis from April 25, 2025Technical Outlook: Nifty Spot is approaching a potential resistance near the Gann 720° level at 24,539. A minor correction appears likely, and we are currently awaiting short signal confirmation from one of our proprietary indicators. Should a decline occur, the index may find support around the Sine Wave level of 23,398. A break below this level could suggest a continuation of the bearish momentum. At present, most indicators are still trending upwards. However, the bar formations on the chart hint at a possible reversal. Once the MastersSignal confirms a short setup, we will reassess confluence around the Gann 720° value to strengthen conviction. Disclaimer: This is my personal technical view. Traders should conduct their own analysis and implement strict risk management before initiating any trades.
NSE:NIFTYShort
by Mastersinnifty
Nifty Analysis EOD - April 23, 2025🟢 Nifty Analysis EOD - April 23, 2025 🔴 "Hanging Man Candle on Bullish Trend—Pause or Plot Twist?" 📊 Market Recap: As anticipated from the ongoing bullish structure, Nifty opened with a strong Gap-Up at 24,357, adding +192 Points (+0.79%) to the charts. However, what looked like a continuation day quickly turned cautious. The initial candle marked the day’s high (Open = High scenario, nearly exact) and started a gap-filling move, pushing prices back to CPR. The market respected CPR as a support, then moved back towards its mean (VWAP) where the PDH + R1 zone resisted price action effectively until 1 PM. Post that, Nifty finally broke out, sustained above the zone, and closed at 24,300—still holding gains despite a red candle, which visually seems bearish but technically closes above VWAP + PDH. Hence, a hidden bullish undertone remains. 🕯 Daily Candle Check: Is It a Hanging Man? A textbook Hanging Man candle appears to have formed on the Daily Chart—a bearish reversal pattern that shows potential weakness at the top of a rally. 📌 Candle Stats: Body: 28 points Lower Shadow: 209 points Upper Shadow: 2 points Shadow-to-body ratio: 209 / 28 = 7.4x ✅ Trend Context: Yes, uptrend present ✅ Candle Structure: Meets all parameters 👉 Verdict: Confirmed Hanging Man Candle This hints that selling pressure is gradually creeping in while buying strength might be exhausting. But a Hanging Man alone isn't a trade trigger—confirmation is key. So we watch tomorrow’s session to decide whether it’s just a pause or a trend shift. 📈 Intraday Insight: Head & Shoulders Pattern During the session’s consolidation and bounceback phase, a Head & Shoulders pattern played out intraday with its target being 24,300—achieved successfully by EOD. 🔍 Pattern Recap: This bullish reversal structure shows three dips, with the central one (head) being the deepest and two shallower ones (shoulders). A break above the “neckline” confirmed bullishness—supporting the rebound above VWAP. 📌 Gladiator Strategy Update ATR: 350.19 IB Range: 94.75 (Small IB) Market Structure: Imbalanced 🎯 Trade Highlights: First Trade: Short – Triggered at 10:05 AM — ✅ 1:1.5 Target Achieved Second Trade: Long – Triggered at 13:40 PM — ✅ 1:1.5 Target Achieved Additional Trade (H&S Pattern): Long – Triggered at 11:40 AM — ✅ Pattern Target Achieved 🧠 Index Performance Snapshot: Nifty 50: +161 Points (+0.67%) Bank Nifty: -277 Points (-0.5%), but a new ATH at 56,098 Nifty 500: +152 Points (+0.69%) Midcap: +644 Points (+1.18%) Smallcap: +74 Points (+0.44%) 📌 Key Levels to Watch 📍 Resistance Zones: 24,330 ~ 24,360 24,480 ~ 24,540 24,800 📍 Support Zones: 24,190 ~ 24,225 23,950 ~ 24,000 (Immediate) 23,820 23,660 ~ 23,710 23,500 23,400 ~ 23,430 23,200 ~ 23,190 🧭 Final Thoughts: "Reversal or Reset? Structure is key. When levels work, respect them. When they break, adapt." ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
ASTRAL LTD | At Key Trendline Resistance | Breakout or Rejection🟢 Buy Recommendation (Breakout Trade) Entry: Buy only on breakout and daily close above ₹1,420–₹1,430 (above trendline resistance). Target 1: ₹1,550 Target 2: ₹1,650 Stop Loss: ₹1,320 (below recent consolidation support) 📌 Rationale: If price breaks above the trendline on good volume and closes above ₹1,430, a trend reversal may begin. 🔴 Sell/Short Recommendation (Rejection Trade) Entry: Sell if the price gets rejected from ₹1,400–₹1,420 and shows a red candle (confirmation). Target 1: ₹1,280 Target 2: ₹1,180 Stop Loss: ₹1,445 (above the trendline) 📌 Rationale: If the price fails to break the trendline, it could resume the downtrend. RSI is overbought, and sellers might take over. 🔴 Sell/Short Recommendation (Rejection Trade) Entry: Sell if the price gets rejected from ₹1,400–₹1,420 and shows a red candle (confirmation). Target 1: ₹1,280 Target 2: ₹1,180 Stop Loss: ₹1,445 (above the trendline) 📌 Rationale: If the price fails to break the trendline, it could resume the downtrend. RSI is overbought, and sellers might take over. for educational purposes only
NSE:ASTRAL
by rmhetre15
Nifty Analysis EOD - 22nd April 2025🟢 Nifty Analysis EOD - 22nd April 2025 🔴 🧠 Market Background: As highlighted in the previous session analysis, we were expecting a range-bound or narrow-range trading day — and that’s exactly what played out. Nifty opened at 24,185, right below the resistance zone where yesterday’s session had consolidated heavily. Early in the session, price fell below the Previous Day Close (PDC) and took support exactly at the Central Pivot Range (CPR) before staging a sharp move up — breaking both Current Day High (CDH) and Previous Day High (PDH). However, the 24,225 resistance zone acted as a speed breaker, pushing prices back down toward VWAP, which then provided a solid support base. Until around 2:45 PM, Nifty kept forming higher lows, giving hopes for continuation — but then broke the previous swing low, forming a new lower low into the close. 📊 Price Action Insight: Day closed above the CPR zone, which still favors the bullish structure However, on the daily timeframe, a near-perfect Doji candle has formed, with just a 9-point body, indicating indecision or a pause in the trend The intraday range was 170 points, noticeably lower than Nifty’s average range, hinting at contraction In such a case, trading the Doji becomes simple — wait for either high or low to break, but also consider nearby support/resistance confluence for better edge 🎯 Strategic Outlook: A retracement towards 23,660–23,710 or even 23,200 can’t be ruled out — although it's early to confirm Broader sentiment stays bullish, but this Doji suggests a pause or potential reversal — so caution near upper zones is advised Keep tracking key global cues and sector rotation — especially with Midcaps and Smallcaps showing strong resilience 📌 Gladiator Strategy Update ATR: 362.5 IB Range: 129.65 (Medium IB) Market Structure: Balanced Long Trade Triggered at 10:30 AM — ✅ 1:1.5 Target Achieved Second Long Entry at 11:40 AM — ❌ SL Hit 📈 Index Performance Nifty: +42 Points (+0.17%) Bank Nifty: 🔼 New All-Time High at 55,961, closing at 55,647 (+342 pts / +0.6%) Nifty 500: +79 Points (+0.36%) Midcap: +422 Points (+0.78%) Smallcap: +122 Points (+0.73%) 📌 Key Levels to Watch 🔺 Resistance Zones • 24,190 ~ 24,225 • 24,330 ~ 24,360 • 24,480 ~ 24,540 🔻 Support Zones • 23,950 ~ 24,000 (Immediate support) • 23,820 • 23,660 ~ 23,710 • 23,500 • 23,400 ~ 23,430 • 23,200 ~ 23,190 🧘‍♂️ Final Thoughts "Structure is key. When levels work, respect them. When they break, adapt." Stay level-headed, stay prepared. Let the market show you the way. ✏️ Disclaimer ✏️ This is just my personal viewpoint. Always consult your financial advisor before taking any action.
NSE:NIFTY
by kzatakia
Nifty Analysis EOD – 21st April 2025 🟢 Nifty Analysis EOD – 21st April 2025 🔴 After the surprise expiry rally… comes the slowdown! 📌 Background After the stunning 414-point move on the weekly expiry day, Friday’s holiday break created the perfect breather. The key question heading into Monday was: “Will Nifty carry forward its momentum and breach 24,050? Or pause for breath?” Turns out, the market chose both – initial enthusiasm, followed by exhaustion and consolidation. 📌 Today’s Price Action Nifty opened at 23,949, right at the resistance zone of 23,950 ~ 24,000. ➤ The IB High was formed at 24,052, triggering a textbook IB Breakout just above the 200 SMA zone.➤ Price moved swiftly towards 24,188 – the Previous Highest Swing Close, and then... paused. From there, a 50-minute tight consolidation followed – one of the narrowest ranges seen in recent sessions, signaling a temporary equilibrium between buyers and sellers. Despite the bullish open and early breakout, Nifty closed at 24,133, just below the major resistance. 📊 Gladiator Strategy Parameters ATR: 383.83 IB Range: 134.20 IB Type: Medium IB IB Day: IB Breakout Market Structure: Imbalanced As per the Nifty Gladiator Strategy, the IB Breakout triggered around 10:45 AM, and the 1x IB target was achieved with clean follow-through. 📌 Technical Observations 📈 On the Daily Timeframe: RSI stands at 65.53, now forming a potential RSI divergence. Short RSI (3 of 3) is in the overbought zone. Momentum remains intact, but the range is cooling off, cautioning intraday traders of potential traps ahead. 👉 A narrow range session or a false IB breakout is likely in the coming session. 📈 Index Performance Nifty: +274 Points (+1.15%) Bank Nifty: New All-Time High at 55,461, closing at 55,295 (+1.87% / +1,014 points) Nifty 500: +324 Points (+1.5%) Midcap: +1,316 Points (+2.5%) Smallcap: +363 Points (+2.2%) Broader market sentiment remained strong and outperformed Nifty. 📌 Important Levels to Watch 🔼 Resistance Zones ➤ 24,190 ~ 24,225➤ 24,330 ~ 24,360➤ 24,480 ~ 24,540 🔽 Support Zones ➤ 23,950 ~ 24,000 (now immediate support)➤ 23,820➤ 23,660 ~ 23,710➤ 23,500➤ 23,400 ~ 23,430➤ 23,200 ~ 23,190 🧠 What’s the Trade Setup Now? Don’t be overly bullish at highs – wait for follow-through or failed breakout confirmation. If price holds above 24,190, then 24,330/24,480 becomes achievable. Failure to sustain above 24,050 could trap late bulls. Let Tuesday’s opening structure guide your bias. 🧘 Final Thought"Structure is key. When levels work, respect them. When they break, adapt." Stay alert as we approach higher resistance zones—momentum remains but risk of whipsaws rises. ✏️ DisclaimerThis is just my personal viewpoint. Always consult your financial advisor before taking any action 🙏
NSE:NIFTY
by kzatakia
22 April important level trading zone #Nifty50 #option trading 99% working trading plan 👉Gap up open 24238 above & 15m hold after positive trade target 24508, 👉Gap up open 24008 below 15 m not break upside after nigetive trade target 24008, 23853 👉Gap down open 24008 above 15m hold after positive trade target 24238 , 24508 👉Gap down open 24008 below 15 m not break upside after nigetive trade target 23853, 23653 💫big gapdown open 23853 above hold 1st positive trade view 💫big Gapup opening 24508 below nigetive trade view 📌 Trade plan for education purpose I'm not responsible your trade More education follow & support me
NSE:NIFTY
by mayuraj_820
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
Decoding NIFTYDear Traders, I hope this message finds you well in your trading endeavours and personal pursuits. I am excited to share a compelling opportunity with you through a new NIFTY analysis that sheds light on the continuation of the market shift. Preliminary Analysis Overview: The downtrend from all-time highs has reached approximately 65% of its progression. The recent upward surge is somewhat concerning due to concerns about a new trend or a correction within a correction in a larger degree (downtrend). Let us discuss the key points to distinguish between these two scenarios: The second leg of the downtrend is experiencing a correction, having completed approximately 89/90 days (which reinforces the interim trend’s completion). The current correction is progressing rapidly, exhibiting limited sub-waves, which is typically not a characteristic of a motive wave (especially at the beginning of a trend). The accompanying chart illustrates this point. Let us elucidate the reasons behind this assertion: Reason I: As a staunch believer and ardent follower of Master WDG , the significance of time cannot be disregarded. The primary downtrend commenced on September 27, 2024, and is poised to encounter a pivotal juncture, namely 180 days from its commencement on March 25, 2025 (Tuesday). This date also coincides with a cross-over with the Fibonacci value of 21 from March 4, 2025, where the interim correction commenced (21,964.60). The 180D is a component of both the tetragram and the hexagram, and it also represents the midway point of a complete circle (360). There is also another weird correlation, 4th MAR’25 & 25th MAR’25 both falls on Tuesday marking initiation & termination, the same day. Reason II: The geometric patterns of preceding and ongoing movements further support this analysis. Analyzed both on a daily and weekly basis. The correction responded favorably to both Fibonacci retracements and trendlines. Upcoming resistance levels include: RI: 23,590~23,600 RII:23,653 (23.6% of the downtrend) RIII: 23,807 The previous support level is acting as a crucial resistance. I also observe that there will not be a positive close in 3M charts. Reference: Important Dates to Remember: As suggested, March 25, 2025, marks a significant juncture in the overall trend. This is pure technical based analysis & does not involve any economic data releases other factors. ** Final Verdict: ** The market is anticipated to conclude its final leg of the downtrend, commencing from this Tuesday. However, the duration of this leg can range from 1 to 2 months. I have identified several crucial dates for monitoring the upcoming trend. Stay informed! **Strategy:** Given the prevailing market conditions, adopting a bearish stance appears prudent. Any sell positions executed after 23,550 will yield positive returns. While it may seem counterintuitive to deviate from the prevailing trend, I am merely adhering to the established rules (without expressing any personal sentiment). However, it is inherently risky. Therefore, it is imperative to implement robust risk management strategies during such high-risk trades that are significantly influencing the market. Additionally, please exercise caution regarding option buying. The low volatility environment is concerning, but it is anticipated to normalize as the downtrend progresses. Fellow Traders, The creation of this valuable analytical resource has required countless hours of dedication and effort. If you find it useful, I humbly request your support by boosting the idea and following me (updates will be provided via this post, new posts, and through minds). Your comments and thoughts on this idea are highly valued, and I am committed to engaging with each one personally. Thank you for investing your time in reading this article. Wishing you profitable and fulfilling trading endeavors! Disclaimer: Before concluding, I must emphasize that the insights shared are based on my analysis. It is crucial for you to conduct your own research and, if necessary, consult with a financial advisor before making any trading decisions. The dynamic nature of financial markets necessitates that your strategies align with your financial objectives and risk tolerance.
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
21 April Nifty50 trading zone #Nifty50 #option trading 99% working trading plan 👉Gap up open 23918 above & 15m hold after positive trade target 24032, 24212 👉Gap up open 23918 below 15 m not break upside after nigetive trade target 23760, 23680 👉Gap down open 23760 above 15m hold after positive trade target 23912, 24032 👉Gap down open 23760 below 15 m not break upside after nigetive trade target 23684, 23460 💫big gapdown open 23680 above hold 1st positive trade view 💫big Gapup opening 24032 below nigetive trade view 📌 Trade plan for education purpose I'm not responsible your trade More education follow & support me
NSE:NIFTY
by mayuraj_820
9
Nifty Weekly Wrap – 3rd Week of April ’25📉📈 Nifty Weekly Wrap – 3rd Week of April ’25 🔍 Bulls Charge Ahead – A 1,000+ Point Weekly Rally! 📌 Market Recap What a week! Nifty 50 delivered a massive +1023 point gain – up 4.4% on a weekly closing basis – breaching the crucial 23,800 level and closing strong. The rally was powered by a duo of positive triggers: ✅ Tariff relief ✅ Cooling inflation This combination boosted sentiment and attracted strong institutional buying across the board. 📊 Technical Overview Weekly & Monthly Candles: Bullish ✅ PCR Ratio: At 1.15, signaling a bullish tilt RSI: Holding steady at 54 – trend and momentum both aligned 200 SMA on Daily Chart: At 24,050 – a crucial level to watch. 🔼 A breakout and close above this may trigger fresh buying and a possible shift in long-term sentiment. 📌 Bank Nifty Leadership Bank Nifty almost hit its all-time high, clearly outperforming Nifty this week. The rally wasn’t limited to just PSU or private players – both segments showed strong participation, giving more legs to this uptrend. 📍 Key Bank Nifty Level: ➡️ As long as 52,000 holds, the uptrend structure remains intact. 📉 Volatility Update – India VIX India VIX cooled off by a sharp 24%, settling near 15 – further reinforcing the low fear + high confidence mood in the market. 📌 Market Sentiment Snapshot Everything is aligning for the bulls: ✅ Sectoral rotation ✅ Robust earnings ✅ Institutional buying ✅ Easing macro concerns 🎯 Momentum is real, and as long as levels hold, dips might continue to be bought. 📌 Key Levels to Watch (Nifty) 🔼 Resistance Zones ▶️ 24,050 (200 SMA – critical level) ▶️ 24,190 ~ 24,225 ▶️ 24,450 🔽 Support Zones ▶️ 23,820 ▶️ 23,660 ~ 23,710 ▶️ 23,400 ▶️ 23,200 📋 Strategy Heading into Next Week 🧘 Stay with the trend, but don’t get complacent. 📌 Watch for a clean breakout above 24,050 with volume – it could set the tone for a fresh leg higher. 📌 On the downside, 23,660–23,820 is a key demand zone to track. Let the structure develop – no need to predict every move. Follow price, stay flexible.
NSE:NIFTY
by kzatakia
$NIFTY in bullish momentum. More upside-expectedDuring the last few days, we have been discussing the weakness in the US Dollar and the TVC:DXY index and what it means for the commodities like Gold ( AMEX:GLD ) and Oil ( TVC:USOIL ). But we never discussed the positive effect it has on the emerging markets like $NIFTY. The index NSE:NIFTY which consists of top 50 stocks based on market cap in India is having a positive momentum divergence after touching the lower bound of the upward sloping Fib retracement levels. Here in this blog space on 17th March we posted that NSE:NIFTY looks oversold and we might be ready for a bounce. We favored going long NSE:NIFTY at 22000. Since then, the RSI bottomed and we up 8% form the lows of 22032. If we still follow the Fib levels from the last blog, the charts are telling us that we might be headed to 25000 before having any meaning full pullback. The index internals look healthy with RSI hovering around 50 and not in overbought territory. And the tailwind to all this is still the US Dollar story. Here we are targeting 95 in the TVC:DXY on a short-term basis. This might push NSE:NIFTY to 25000 and beyond. Verdict : NSE:NIFTY rally continues to 25000; TVC:DXY to 95.
NSE:NIFTYLong
by RabishankarBiswal
SBI: Inverse H&S BreakoutThe Inverse Head and Shoulders pattern is a bullish reversal chart pattern that signals a potential trend reversal from bearish to bullish. It consists of three key components: Structure of the Pattern: Left Shoulder: A price decline followed by a temporary rally. Head: A deeper decline forming the lowest point, followed by another rally. Right Shoulder: A decline similar in size to the left shoulder but not as deep as the head, followed by a move higher. Neckline: A resistance level that connects the highs of the two rallies after the left shoulder and head. The Inverse Head and Shoulders pattern in SBI, with a neckline at ₹783, indicates a potential bullish reversal. The stock has formed a well-defined left shoulder, head, and right shoulder, suggesting that selling pressure is weakening. The target price for this breakout is ₹900 calculated by measuring the distance from the head’s low to the neckline and projecting it upwards. If the stock sustains above the neckline, it could gain further momentum. However, traders should consider placing a stop-loss at 730 to manage risk in case of a failed breakout.
NSE:SBINLong
by TradingSutra