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Niftyanalysis

Very Important Fibonacci resistance level approaching in Nifty.Very Important Fibonacci resistance level 19448 approaching in Nifty. If Nifty can sustain above it above 19450 the doors will open for next Fibonacci level of 20162. I dare say Nifty needs some consolidation and RSI needs some cooling down before the next big leap. RSI is right now 74.85 and as soon as it touches 80, Nifty will enter Overbought zone if already it is not overbought. Investors should take care of their trailing stop losses. Take care of their profits by putting proper trailing stop losses/ stop losses. If Nifty jumps the resistance and sustains 19450 well and good but if not there should not be loss. Loss in profit is ok if a trailing stop loss is hit but important thing is profit should not become loss in case of correction.
NSE:NIFTY
by Happy_Candles_Investment
1
Nifty 3Jul23 to 7Jul23 Short,Medium,Long Term & StockPick Nifty 3Jul23 to 7Jul23 Short,Medium,Long Term & StockPick ( most of the stocks Raised average 3-5% in one week) Nifty closed at 19819 ( 18665) and touched low & high of 18648 and 19207. Stocks to pick ( Buy on Dip) for Long Term by on Staggered way call was given last week , on an average raised 3-5 % in one week( Can accumulate on dip if it already raised): Disclaimer: For analysis purpose only. HDFC Bank ( 4% up from Last week), L&T Tech, KPIT ( 4% up from Last week), PI Ind ( BOD 3500), Dr Reddys ( 5% Up), Ujjvan Small Fin, Route Mobile, Bank of Maharashtra ( 6.5% up), Andhra Paper, Accelya Solutions Nifty was expected to crossed the resistance at 19060/19100 decisively. RSI and Stochastic level raised to 97 % and 71% respectively. Nifty- In Short term might increase Resistance at 19275-19281 for two weeks, Support at 18890 Previous high/ 19040 (Inclined trend line resistance) As mentioned before time to Clean the portfolio can initiate sell if face stiff resistance at above levels. Nifty Medium Term - Nifty on decisive upward move above 19275-19281 it will take it to 19614/ 19695 Nifty support at 18620/18446 ( Fibonacci) Long term- Need to decisively close above 19350 to reach targets of 19500/20000 Nifty have multiple support for long Term - 18000 / 18260/ 18210/18109 ( Previous Highs) Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTYLong
by karthikss
Our Chart continues to work perfectlyAs you can see and we had depicted yesterday Nifty had taken a firm support at 18646 and the only now was upwards. Despite negative to Neutral US markets Nifty opened gap up above what was 50 Hours EMA, confirmed support of the EMA at 18742 for few hours and then marched ahead. The march of Nifty was halted by the Mid-Channel Line resistance at 18829 and that is where Nifty cooled down a bit to close the day at 18817.4. How is that for Precision? I hope you all are appreciating the efforts that we are putting in the analysis. What Nifty holds for tomorrow? If Mid channel line (18829) is conquered tomorrow and Nifty hold above it, we will be sooner than later looking towards re-approaching the All Time high of Nifty and probably this time around Nifty might even break it and make a new high. Resistances: 18829, 18840 and 18887.6. Post making a new high 18956 and 19018 can be very very tough resistances. Supports: If the Nifty is not able to conquer 18829 to 18840 range and sustain above it the supports will be at 18795, 18742, 18646, 18576 and 18421.
NSE:NIFTYLong
by Happy_Candles_Investment
Fall Together from ATHObservations:: NSE:NIFTY and NSE:BANKNIFTY If we see the Nifty trending upwards.... If we see Bank nifty Trending downwards..... These 2 indexes are behaving differently.... Bank nifty broken the ATH in the last month only.... Nifty if break today...will say that it will also break ATH... Bank nifty index Price after broken ATH Reversal again and fall happens. If today nifty also break ATH, then it may also reversal... we may expect price fall like happens in bank nifty. the price is also at its ATH, near its trendline Break...price may break trendline as well. Before Going to Break ATH, price is in consolidation happens in Bank nifty. In Nifty after Breaking ATH, will coming below may again consolidates....like happens in Bank nifty. consolidation may Happens here...or Note:: Nifty is Near ATH, and If today Bank nifty will also come back to near its ATH, then Both will fall together. Lets See What Happens...If this post is Helpful...like it. Thank you
NSE:NIFTY
by IIT-Trader
3
The Zone around ATH is proving to be a tough resistance. The Zone around 18862 and ATH of 18887.6 is proving to be a tough resistance to conquer. Nifty has so far made multiple attempts but has not been successful so far this week after coming in the touching distance couple of times. Once ATH resistance is crossed the next resistance will be near 18953 and 19018. But before we get there Nifty might again take a dip in search of a proper launchpad for that leap of faith. Global markets are expecting a hike by FED again in July FOMC as the action was PAUSE but commentary was hawkish. If that remains the case little bit of correction can also happen in Nifty. In such a scenario the supports this week will be 18827, 18790, 18756 and 18660. Below 18524 bear will try to snatch back control. Possibility of that happening is difficult this week. But we never really know.
NSE:NIFTY
by Happy_Candles_Investment
The Question is When will Nifty Hit the All Time High? Nifty staged dramatic recovery in the afternoon today and covered shorts shocking the bears who were thinking of staging a comeback. Nifty hourly candle took support at 18660 and staged a mighty comeback of about 156 points to end the day at 18816 which is just below the resistance zone of 18842 and 18865. Final resistance will be 18887.6 which the the all time high of Nifty. Supports for Nifty are near 18790, 18752 and a strong support of 18726 followed by supports at 18660 and 18500. So the answer to the question The Question is 'When will Nifty Hit the All Time High?' is very soon. It can be later this week it can be tomorrow.
NSE:NIFTYLong
by Happy_Candles_Investment
2
Again invariably Mid-Channel line comes to rescue. Again invariably Mid-Channel line comes to rescue as the NIFTY failed to make new All Time High today after coming very very close to the top. When you are near the top or while bottom is forming volatility will be at it's peak as near the top there will be profit booking and near the bottom there will be loss boking. Spot Nifty Supports and resistances are as under: Nifty supports: 18717, 18637, 18555 and finally 18482. Below 18482 Bears will come out of coma and will try to regain control. Nifty Resistances: 18784, 18826, 18865 and finally 18887.6 (Previous Top). Top of the current channel can be between: 18887.6 and 19020.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long TermNifty 19 Jun 23 to 23 Jun 23 Short ,Medium and Long Term Nifty closed at 18826 ( 18563) and touched low & high of 18561 and 18862. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18745 to 18786 acted well, on the last day of the week, nifty broke the weekly resistance on a decisive note. RSI and Stochastic level raised to 65% and 85% respectively. Nifty- expected to cross prev. High 18890, short term is sideways/ short dip expected after touching 19060/19100 as shown inclined line (blue color) which will act as resistance for short term. Can book some profits at this level. Sell overvalued stocks. Nifty support at 18620 Nifty Medium Term - Nifty expected to break 19100 and to touch 19200-19350( red inclined resistance) in medium term. But as mentioned above after a dip. Support - 18446 ( Fibonacci). Long term- Need to decisively close above 19350 to reach targets of 19500/20000 Nifty have multiple support for long Term - 17865/18000/18111 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Gap-up above Mid-Channel line & sustaining above it is a big +veGap-up above Mid-Channel line & sustaining above it is a big positive which most probably will take is to the channel top or near the channel top. Right now the resistances in front of NIFTY are at 18728 and 18778. Supports for Nifty are now same Mid-Channel line 18639, 18555 and 18465. Things look Bullish, positive and vibrant as of now...Looks like Nifty will try to give it a shot to reach All Time High...
NSE:NIFTYLong
by Happy_Candles_Investment
Importance of mid channel line in parallel channel tool. Last 3 weeks or so we saw the Importance of mid channel line in parallel channel tool. Thrice Mid channel line supported the Nifty and Nifty bounced from there. When a support is taken multiple times mostly it becomes weak. This led to fall of Nifty below Mid channel line. Once the price is below the line which was a support. The line becomes a resistance. Mid channel line is now a resistance and the same line is stopping Nifty from going ahead since couple of sessions. It was an important lesson hence explaining at depth. Nifty Resistance remain at: 18624, 18678, 18722 and 18778. Nifty Supports present at: 18555, 18512, 18465, 18402 and finally 18371.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty 12 Jun 23 to 16 Jun 23 Short ,Medium and Long TermNifty 12 Jun 23 to 16 Jun 23 Short ,Medium and Long Term Nifty closed at 18563 ( 18535) and touched low & high of 18537 and 18772. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18689 to 18734 acted well. nifty faced that resistance as expected. RSI and Stochastic lowered to 60% level from 72-75%. Nifty- short term is sideways/ short dip. Nifty support at 18446 ( Fibonacci) / Previous highs at 18274 /18204/18111 Nifty Resistance is at 18620 and inclined trend line (Resistance 18745 to 18786 ) as shown in the chart. Buy on Dip Nifty Medium Term - Nifty expected to break 18620 and to touch previous high of 18890 /19000 in medium term. Nifty have multiple support for Medium Term - 17865/18000/18111 Long term- Need to decisively close above 18890 ( Previous Dec22 High) and also the very important resistance ( Red Inclined line shown 19200- 19350)to reach targets of 19500/20000 Support at 17850 /17550 /17200 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 50%) Nifty Bank & IT (20%) Nifty Mid Cap ( 20 %) Nifty Small Cap (10%)
NSE:NIFTY
by karthikss
Nifty retreated after coming within touching distance of ATHNifty retreated after coming within touching distance of All time high. Perhaps it will check the box after one more push or rally within rally. Within every Bull run there are phases where Index or a stock cools down its RSI (relative strength index). Similarly Within every bear run there will be phases when market will be oversold and stock rises to balance RSI. This particular fall of Nifty can be considered one such pullback within the bear run. The Bull run reverses or bears take over if Nifty gives a daily closing below 18169.(This will be key major support). Other than that support and resistances are as under: Nifty Supports: 18555, 18512, 18465, 18402 and 18354. Nifty Resistances: 18601, 18649, 18721 and finally 18778.
NSE:NIFTY
by Happy_Candles_Investment
Again Mid-Channel Line and 50 hours EMA rescue Nifty again.Again today 'Mid-Channel Line' coming to rescue Nifty on hourly chart. Mid channel line and 50 hours EMA where both near each other and formed a dual support for Nifty and rescued it from falling further. Falling below 18581 will decrease the strength of rally and in this case the Nifty can fall more towards 18495 and 18433. it looks line Final support for ongoing bull run is near 18336. Resistances for Nifty are near 18649, 18690, 18721 and 18778.
NSE:NIFTY
by Happy_Candles_Investment
1
Nifty Closed above imp resistance, holding above it important. Yesterday we had given 18721 as an important resistance for Spot nifty. Today it has closed just above it which is a good sign. It was not a strong close but it was a good close. Key Resistances now are 18778, 18824 and previous All time high of 18887.6. Supports for the Nifty will be at 18721 it is a weak support as of now. 18683, 18639 and 18572. Relative Strength Index of Nifty is above 73 and the chart is going in the area again where Nifty will soon if not tomorrow require a little bit of consolidation or cooling down.
NSE:NIFTY
by Happy_Candles_Investment
Nifty Trapped between strong support and strong resistance zonesNifty is trapped between strong support and strong resistance zones right now. Resistance zone is between 18639 to 18667. Support zone is between 18561 to 18582. Other supports if this zone is broken will be near 18522, 18507 and 18415. If the Nifty breaks the upper side resistance of 18667 the next resistance levels will be at 18721, 18778 and finally 18887. Trend changes to negative below 18262 closing.
NSE:NIFTYLong
by Happy_Candles_Investment
1
Nifty 5 Jun 23 to 9 Jun 23 Short ,Medium and Long TermNifty 5 Jun 23 to 9 Jun 23 Short ,Medium and Long Term Nifty closed at 18534 ( 18495) and touched low & high of 18464 and 18664. Nifty closed marginally higher than previous week. Buy call was given on dip on 21-May-23. Last week there was a stiff reistance was given at 18620 and shown with Thick green Horzontal line. nifty faced that resistance as expected. RSI ,MACD and Stochastic have crossed the signals and at peak with Further room to move upwards. Nifty- short term is Long. Need to decisively close above 18620 Nifty Resistance is inclined trend line ( for the week 18689 to 18734 ) Nifty support at 18111/18204/18274 Buy on Dip Nifty Medium Term - Nifty expected to break 18620 and to touch previous high of 18890 /19000 in medium term. Nifty have multiple support for Medium Term - 17865/18000/18111 Long term- Need to decisively close above 18890 ( Previous Dec22 High) and also the very important resistance ( Red Inclined line shown 19200- 19350)to reach targets of 19500/20000 Support at 17850 /17550 /17200 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 55%) Nifty Mid Cap ( 20 %) Nifty Small Cap (15%) Nifty IT (10%)
NSE:NIFTYLong
by karthikss
Nifty Closed well on a testing day, another test awaits tomorrowNifty Closed well on a testing day, another test awaits tomorrow as the world awaits result of Voting in US Parliament to resolve Debt ceiling crisis. Global indices are down and awaiting the result eagerly. Support that spot Nifty has is today' low of 18483 from where the Nifty managed to recover today. The support may be tested tomorrow again. Just below it we have 50 Hours EMA at 18467 which might also be tested. Below these levels important supports remain at 18416 and 18379. Below 18379 Bear cartel can get activated. When Nifty has found a strong support and if result of Debt Ceiling crisis by raising the ceiling the resistances will be near 18576, 18600, 18637 and 18662. We still live in a world where if US sneezes the World catches cold. (Indian GDP numbers were great and can provide support to Nifty 50 and many other stocks.)
NSE:NIFTY
by Happy_Candles_Investment
Nifty 29 May 23 to 02 Jun 23 Short ,Medium and Long TermNifty 29 May 23 to 02 Jun 23 Short ,Medium and Long Term Nifty closed at 18499 ( 18203) and touched low of 18183. Nifty touched high of 18509. Nifty clearly moved up decisively above resistances mentiomed below though it bottomed out to 18061 in the previous week. Buy call was given on dip on 21-May-23. nifty followed the band resistance provided for last three- four weeks ( as mentioned below) and 3-4 days the resistance acted as support. 18111/18204/18274 ( Prev Highs Shown in thick red , blue and green horizontal lines). Nifty broke resistance of 18274 and clearly moved above and closed near to 18500. RSI ,MACD and Stochastic have crossed the signals and at peak with Further room to move upwards. Nifty- short term is Neutral to Long. Need to decisively close above 18620 Nifty support at 18111/18204/18274 Buy on Dip Nifty Medium Term - Nifty expected to break 18620 and to touch previous high of 18890. Nifty have multiple support for Medium Term - 17865/18000/18111 Long term- Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000 Support at 17850 /17550 /17200 Long term Investors can accumulate following Mutual Funds NIFTY 50 & Nifty Equal weight ( 55%) Nifty Mid Cap ( 20 %) Nifty Small Cap (15%) Nifty IT (10%)
NSE:NIFTYLong
by karthikss
Strong Close by Nifty on Friday.Nifty has given a strong closing on Friday by closing above the Mid Channel line. The nifty has given a close just below a strong resistance of 18509. 18509 was high of Friday above which the Nifty could not close. One way to avoid this resistance would be to open gap up on Monday. If we open gap up on Monday above 18509 levels, the next resistance will be at 18562, 18601 and 18678. Supports on the lower side will be at 18460, 18389, 18324 (50 Hours EMA) and 18197. Below 18197 Final support will be 200 Hour EMA at 18101. Below 18101 Bears will regain the control. If by chance during the week or later this month or next month we get a closing below 18101 trend can change into negative.
NSE:NIFTYLong
by Happy_Candles_Investment