Nifty in a bull run.wave are too mentioned, with its currentions. plus its gonna reach its target, and completing its bull run somewhere around 10th-15th sept. analysis done till that only. let see what happens next...
Niftyoutlook
Nifty daily analysis for 09/09/22Nifty on the daily time frame has given a bullish candle. The market gained 50-60 points and closing above the level of 17800.
On the hourly time frame, nifty has closed on a bullish mode and there can be another gap up tomorrow.
Nifty gave a break out of the trend line during the last hour of the trading session and took nice support from 15 minute's 20 ema.
Support :- 17780, 17710, 17640
Resistance :- 17830, 17920
The market seems to be in a jittery mode. Wait for the price action near the levels before entering the markets.
Nifty Trade setup Idea 5-9-2022Nifty is a little confusing compared to Banknifty today.
The weekly levels are also not giving any clear picture.
We are looking at the following scenarios for Nifty today:
1. If Nifty crosses 17613 levels, then we can go for long. The is a small resistance at 17660 levels, but the price should be able to penetrate that level.
2. We can go short once we see a 5 minutes candle close below the 17472 levels, with a target of 17360.
Pretty Nasty day with Kneejerk reaction to Powell's speech Pretty Nasty day with Kneejerk reaction to Powell's speech as expected. One reason to smile today was fantastic recovery from the levels of 17166. This is the key level now. holding 17166 will be very important for Nifty.
Resistance levels: 17392, 17495 and 17736.
Support Levels: 17166, 17026 and below it 16950.
Total Bearish takeover below 16703.
Nifty Support and Resistance for coming weekAfter fed Chairman Jerome Powell's undeniably hawkish comments about the likely need for aggressive interest rate hikes to lower inflation. Market corrected from higher level and it triggered the volatility. Considering it I have drawn few support and resistance levels which could decided the market direction.
As I explained in the weekly chart last week, Reversal pattern was observed. The Market had taken a support from the confluence zone. Need to see the price action of coming week if it it holds.
Below 17300-17400 range nifty is likely to fall aggressively
Nifty next moveNifty has reached to its saturation.. now it could be seen drop by 500 to 800 points... nifty cmp is 17550, next could be...17490, 17390,17171... there will be gap up first on Monday...as some volume seen at last of the session...so don't get trap on up side...trade wisely...
It's just an aducation purpose...
Nifty responding to fall in major global indices.As mentioned in the earlier Tweets due to impending Commentary of US FED and Recession fears / Global slowdown concerns we saw the recent fall. After few weeks of relentless buying today we saw FIIs selling. NIFTY is currently at a major support breaking it and going below today's low will bring in further weakness for NIFTY. The Major Support and resistance levels are:
Resistance Levels: 17541, 17716 and finally 17992.
Major Support : 17467 (Today's low.)
Other supports: 17348, 17135, 17023 and finally 16937.
Below 16674 the Nifty will slip into bear grip.
Supports and Resistances for Nifty.Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports and resistances right now in front of us are:
Resistances: 17992, 18117, 18371 and finally 18604.
Supports: 17778, 17720, 17587 will be a strong support. Beyond that 17396 and 17113.
Final Supports for the current rally: 16842 and 16666.
Nifty Levels for 17/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty took out major resistance level with Gap-up and closed above 20 & 50 EMA and VWAP level. Nifty has shown strength and trying to move in upward direction. PCR (1.06) is in sideways to mild bullish zone. FIIs continue with buying of 2429.6 Crores and DIIs are slowly doing profit booking with selling of -136.2 Crores. Proprietary & retail traders are heavily short in Index and Future contracts. God saves retail traders.
Nifty highest open interest on call side at 17800
Nifty highest open interest on put side at 17700
Overall uptrend looks intact. Shall we continue to look for short straddle/strangle ? Buy on dips opportunities ?
Is Nifty heading towards 18000 now? OR Is Bearish Divergence an indication prior to profit booking ? PLEASE TRADE CAREFULLY TO AVOID GETTING INTO BULLS TRAP.
Have a happy, healthy & profitable day ahead!
Nifty Levels for 16/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Nifty was in hurry and quickly reached long term resistance level. FIIs continued with strong buying in CASH & F&O of Rs 7405.5 Crores. US market also performed really well on Friday. Let us see the US market performance tonight. Nifty is now just 4.87% away from all time/52 week high. Nifty's highest open interest in call side is at 17800 and put side is at 17700. Nifty is trading in narrow range after decent rally. PCR is flat and sideways. Overall, all positive & negatives are factored in. All overnight positions must be hedged to handle gap-up & gap-down.
Shall we expect a profit booking?
Will Nifty offer us buy on dips opportunities?
Will Nifty gap-up on Tuesday to take out major resistance zone and continue with bull run?
Shall bulls/specially retail investors should slow down to avoid getting into bulls trap?
Wish you all a profitable trading day ahead!
Nifty daily analysismarket is in bullish mode.
if it opens sidewasys and crosses resistance then buy
for big gap up we will see futher price-action
for gapdowm, we will only sell if it breaks support
Critical support/resistance levels for Nifty for medium term.Nifty is at a critical juncture. The support and resistance levels for Nifty for the remaining days in the month of August are as under:
Resistance Zone: 17719 to 17779.
Major Resistance Zone: 17779 to 18118.
Support zone: 17349 to 17606.
Other Support: 17178.
Level beyond which Bears will regain control over the market: 16616 (Major Support).
Long Term Target: 19546
NIFTY 50 AT RESISTANCENifty 50 has seen remarkable move since June 2022 from 15200 levels to 17700.
Currently it has reached at a price area
, where it could struggle for a while.
Today's Price Action
1. Opens gap up, did not sustain, closes near its low.
2. Rsi is also overbought, though no sign of weakness.
We may see nifty going sideways for a while.
Immediate Support @ 17400 - 17200
Nifty Levels for 08/Aug/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
NIfty Closed flat in slight green. Max OI on call side is at 18000 and on put side at 17000 for 11/Aug expiry. PCR is in bearish zone. Nasdaq closed in Red. Is dip in Nifty going to be buying opportunity or long term investor should wait for better opportunities?
Nifty Future Level of 21000. Is it feasible for growing economy?Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2
Interesting Nifty future Level by FY2023-24: 21000
More than 20% conservative returns within 2 years.
Is it feasible for growing emerging Indian economy looking at Indian GDP amid global issues?
Please do share your ideas. Thanks
Nifty daily analysisMarket is bullish,
if market opens sideways then buy
if market opens gapup then wait for futher price-action
sell only half quantity only after price-action
