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Niftytrendanalysis

NIFTY - A clear Swing correctionAs mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels RI - 23,526 (1.382 FE) R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!! RIII - 23,636 (1.414 FE); highly unlikely to be tested in this move SL: Any surge above 23,640 will make the trade void (however, the confidence is so strong that this will not be the case). TP: will be updated in succeeding posts(the presence of ambiguity due to 2 possibilities, progression in correction will help to sort it out!). Trade accordingly
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
NIFTY - On the verge of a correction There is a possibility that the market is being interrupted by the intersection of two strong resistances (mid-trend line intersection) which calls for a correction in the monthly time frame. However, the penultimate move is yet to be completed. The market is about to test the previous day's low @23,442.60 & after that, there will be a struggling upward move testing again at 23,664. The correction progresses from there to the 21,280 ~ 21,200 levels Today support for the upcoming penultimate move will be, SI - 23,442.60 SII - 23,435 ~ 417 SIII - 23,382 NO recommended SL for this trade setup (Any substantial increase above 22,664, calls off the trade). The resistance to the final move is 23,664 & is expected to surpass the said levels by a minimum margin. Trade accordingly.
NSE:NIFTYShort
by WDG_Dinesh_Gengarajan
Nifty Spot Levels - Run Upto Election OutcomeNifty in past 7-10 trading sessions... trading in range 22200 to 22800 With Volatality (due to Geopolitical News and US Mkts and More Data from India and International Mkts). But as we are awaiting Election Results... Any DIP seems to be bought into with sentiments riding high on Current Government to Continue .... giving hope for all the major growth work to be carried out as an ongoing process without any hitch and taking Indian Economy to near $5 trillion. Markets are supreme... So have marked important Trading levels... Happy Trading,,,
NSE:NIFTY
by emraldconsul
Technical Analysis: NIFTY 50's Recent Shifts and Future ProspectHello, TradingView community! Today, we're diving into a detailed technical analysis of the NSE:NIFTY index, which has shown some interesting movements lately. We'll break down the technical signals, look at the potential implications, and discuss what to watch out for in the coming days. 🔍 Overview of Recent Trends The NIFTY 50 has been following a well-defined upward trend channel over the past several months, making consistent gains each time it hit the upper boundary. However, recent patterns suggest a change in dynamics, which we need to scrutinize closely. 🔁 Current Technical Setup Most notably, the NIFTY 50 recently deviated from its usual pattern by not reaching the upper boundary of the trend channel before reversing its direction towards the lower boundary. This could be an early sign of weakening bullish momentum. 📉 Significance of the Double Top Pattern The formation of a potential Double top, a classic bearish reversal indicator, adds weight to concerns about a bearish shift. While this pattern is not yet confirmed—since we haven't seen a definitive breakdown below the neckline—it's a development that warrants attention. 📊 Intersection with the 100-day SMA The recent drop of -1.5% in the NIFTY 50 brought it down to the lower boundary of the trend channel, which coincidentally aligns with the 100-day Simple Moving Average (SMA). This SMA has historically served as a strong support level, often triggering rebounds. 🔄 Potential Outcomes Bounce Back: If the 100-day SMA and the lower boundary of the trend channel hold up, there's potential for the NIFTY 50 to rebound towards the mid or upper boundary of the channel. Bearish Reversal: A decisive close below the 100-day SMA & Neckline of Double Top could indicate a more significant Bearish Trend or the start of a consolidation phase. 🌐 Broader Market Context Quarterly Earnings: The index is feeling the pressure from non-impressive Q4 results for 2024. Lackluster corporate earnings can dampen investor sentiment and lead to a reevaluation of stock valuations. Volatility Index Rise: The NSE:INDIAVIX , which measures market volatility, is on the rise. This indicates increased uncertainty among investors, as they price in a higher potential for market swings. FII Activity: There has been significant selling by foreign institutional investors (FIIs), contributing to downward pressure on the index. FII flows are crucial as they represent substantial investment volumes and can influence market direction. US Federal Reserve's Stance: The hawkish stance of the US Federal Reserve, signaling potential interest rate hikes, is also a critical factor. Higher US interest rates can lead to capital outflows from emerging markets like India as investors seek higher returns in US assets. These points illustrate how external factors are intricately linked with the movements of the NIFTY 50 index and should be considered when analyzing its future direction. 📈 Trading Strategy Recommendations For those actively monitoring the NIFTY 50, it's crucial to keep a close eye on the 100-day SMA and the lower trend line of uptrend channel. These areas serve as critical junctures that could determine the market's short-term direction. "In the world of Market, it's not about how much you know, but how well you understand what you know and how you apply it in uncertain times." To conclude, while the NIFTY 50 presents an intriguing technical setup, traders should proceed with caution given the current uncertainties and the index's recent behavior. This analysis is intended to enhance understanding and encourage informed decision-making. Keep watching these indicators and adapt your strategies accordingly to navigate through these potentially choppy waters. Lastly, thank you for your support, your likes, Follows & comments. Feel free to ask if you have any questions.
NSE:NIFTY
by AfnanTAjuddin
Analysis for Nifty Swing Position We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply. Further in lower timeframe we will check for a confirmation We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we also have a fresh Demand in 1H chart. This 1H Demand is the Potential Trade Demand with an Amazing Reward to Risk Ratio. But the Price where it reaches the Weekly Supply we are looking for a big downward move from this Weekly Supply hence make sure to exit on time.
NSE:NIFTYLong
by WavesandZones
#Nifty Trading Important levelsOn 1 Hour Timeframe, NIFTY trading important levels. Time to wait for either breakout or Breakdown (reversal) for the Nifty. Breakdown Move - Confirmation for breakdown will be if Nifty starts trading and sustain below 22220 level - Downside rally nearly 500 points expected in case of breakdown - Intermediate support expected near 21880- level - Short Trader can place there stop loss if Nifty starts trading above 22250 level Breakout move - Long side movement expected in case Nifty starts trading and sustain above 22250 level - Above this level Nifty can go upto the 22760+ level. - Intermediate resistance expected near 22580 level - Long trader can place there stop loss if Nifty starts trading below 22220 level.
NSE:NIFTY
by TradZoo
Detailed Weekly Analysis for Nifty. This is the Monthly chart to understand the biggest picture for Swing positions. This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand. Further down in Daily chart we see there is a "Violated Daily Demand", this clearly indicates Sellers have just become more powerful and we also have a Fresh Daily Supply which is a Source Supply for a Downtrend till the Weekly Demand shown in the 1st figure. This is the Demand Supply Equilibrium Curve from potential Daily Supply to Potential Weekly Demand, wait for the Price to reach the Daily Supply and further the Curve tells us where the Price is on the curve and accordingly decide the Trade.
NSE:NIFTYShort
by WavesandZones