Get started

Nifty50

Nifty with positive bias poised just below 50 Hours EMA. With the result from Big Daddy of Index Reliance tomorrow Nifty is again staring at the cross roads but with a positive bias. Reliance has a weightage of 10.54% in the index and a good result can make the day or week for the Nifty or break it. Nifty is poised just below 50 hours EMA which is 17630 so the line will act as a resistance. If we get a gap up opening above it and the gap sustains it will be a perfect scenario for the rally to go forward. Resistances at 17630, 17691 and 17772. Supports for Nifty are at 17593 and 17578. Below this level Nifty can fall to 17488 levels. (This should be a major support). If this is broken the current rally may fizzle out.
NSE:NIFTYLong
by Happy_Candles_Investment
Channel Breakout of the trend is being tested. Recently Nifty on 10th April gave a channel Breakout. Since the negative channel upper limit was respected in last 4 months or so this breakout was a major first step towards up trend. Since it was a major breakout Nifty is trying to look back and test it's support zone before it can fly ahead. Major supports zones from where Nifty can re start the up trend again are: Support Zone 1: 17618 (current level) to 17528. Support Zone 2: 17424 to 17267. (A close below 17267 will make this current Channel Break out that Nifty saw on 10th April 2023 a failure). Resistance Zone 1: 17690 to 17856. Resistance Zone 2: 17856 to 18004.
NSE:NIFTYLong
by Happy_Candles_Investment
A major support zone got activated today. Market today saw tremendous selling in IT sector, Services and consumer goods. The market however saw a good recovery of about 132 points from bottom on the back of purchase in PSU, FMCG, Auto and some realty counters. Below the zone from where Nifty bounced today, that is 17574 which is near 50 hours EMA we will have supports near 17454 which is 200 hours EMA as well as mid channel support which is at the same level. The zone between 17529 and 17526 is again a major support as this zone has 50 and 200 days EMA. On the upper side we might face resistance near 17738 and 17782. The zone between 17847 and 17923 is a very strong resistance zone. We can have a range bound week or weeks unless there is some strong news or result which can either pull the index above 17923 or drag it below 17454 levels.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY GOING UP to 19000 BUCKLE UP FOR THE RIDE!!! Price has started making Higher Highs which denotes an Uptrend, currently Price is giving a correction in the downward direction which again sigifies the Impulse Wave is in Uptrend and hence Uptrend is confirm. Price has this Fresh Demand formed in The Daily chart which synchronises with the Weekly Demand as well, hence this is a Trade Zone in Daily with a minumum Risk 1 against the Reward of 13 makes this a favourable Reward to Risk ratio Trade, The Target is derived as per the Fibonacci Extension considering the Wave 3 @ 1.618 Level which is Price 18948.15. Cheers !!! Enjoy the Ride!!!
NSE:NIFTYLong
by WavesandZones
Nifty 17 Apr 23 to 21 Apr 23 Short ,Medium and Long TermNifty 17 Apr 23 to 21 Apr 23 Short ,Medium and Long Term Nifty touched a high of 17638 and low of 17610. Nifty closed at 17828 (Prev Close 17601). Nifty Crossed crucial resistance of 17690 last week. Medium Term call for buy on dips worked well Nifty Bank, Nifty IT and Nifty 50 increased by 5% from low. Especially Nifty bank surpassed ( 7.5%) other indices. Buy call was given for all the above indices a month back on dips. RSI, stochastic and MACD in near top zone. Nifty- short term is Positive. Nifty small Resistances at 17859 ( Fibonacci 50% retracement)/17867 ( Inclined Trend Line Resistances ) Above these resistances next target at 18000/18100 Nifty firm support at 17500-17457 Nifty Medium Term - Nifty need to break decisively above first target 18217 , next target of 18437 ( Fibonacci 0.786 Retracement) followed by prev high 18890. Nifty Support at 17180/17200/17252 Long term- Need to decisively close above 18890 ( Previous Dec22 High) to reach targets of 19000/19500/20000 long term support at 16746 ( Sep22 Low) Long term Investors can accumulate following Mutual Funds NIFTY 50 Equal weight Bank Nifty Nifty IT
NSE:NIFTYLong
by karthikss
Spot Nifty At A Critical Juncture.Market Outlook The Nifty is poised at a cross road and a critical resistance. Either it can defy the resistance and continue rising further or it can consolidate a bit in the range of 100/ 200 points on either side and consolidate it’s position. Nifty consolidating first and then rallying further will be more logical but Stock market is not the place which obeys reasoning and logic most of the times. Either it becomes too worried or it becomes too fearless and greedy. We investors try to find equilibrium and rationale in the place which often defies laws of consistency in the short term. In the long term everything works fine and falls in a deserving place. Spot Nifty Resistance Zones: 17851, 18004, 18126 and 18267. Spot Nifty Support Zones: 17780, 17713, 17532(Strong Short Term Support), 17311(Final Short Term Support).
NSE:NIFTYLong
by Happy_Candles_Investment
#NIFTY WEEKLY MARKET FORECAST The price perfectly fulfills my last idea. Price breaks the Descending Parallel Channel and sustained above the channel also made high of ..17842 & also Closes at Higher level on Thursday session with strong buying momentum in the price. Swing positional traders now trail there SL @17611 who holding there's Positions with the long side view. Price can head towards the targets of 18111/18222. #Nifty already moved 1000+ points from the support level so profit booking can seen in the price. #Nifty can retest the level of 17666/17600 and this level can also act as the support level for the price.181222--18200 Range is resistance area for the price.
NSE:NIFTYLong
by Jha_Nidhi
Cup and Handle Formation in Nifty in Progress in the long run.Nifty Outlook: Nifty Looks good for a long haul in the long run. In the short term though Nifty seems a little bit of consolidation before it heads further. RSI on hourly chart shown a need of little bit of strength through consolidation. Which means we may see little bit sluggish end of the week tomorrow as Nifty is already in the resistance zone. This zone might not allow Nifty to escape the clutches easily. But if Nifty does escape this medium term resistance, It can fly ahead with even more power. Medium Term Resistance zone: 17857 to 18100. Long Term Resistances: Long Term resistances for Nifty lies at 18446 and 18887. Medium term Supports: 17614 and 17314. Long Term Supports: 16828 and 16520. Long Term Targets for Nifty which it can reach within This year or by Second quarter of 2024 seems to be 19447 or on the upper side 20160. .
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Facing Key Resistance Zone of 17700 to 17797 Nifty has reached the zone where the strength of current rally will be tested. The zone between 17700 and 17797 will be strong resistance zones for Nifty. Only if the rally has genuine strength it can cross this zone. If this resistance zone is crossed the next resistances will be at 17923, 18038 and 18137. Supports for Nifty remain at the levels of 17597, 17533, 17460. The strongest supports for the current rally will be and 17414 and 17363 which are 50 and 200 hours EMA. Below 17363 bears will snatch back the control of the market.
NSE:NIFTY
by Happy_Candles_Investment
How much more Fizz left in the rally? The main question that is springing in every mind is that how much more Fizz is left in the rally? Is it a genuine back to bull market rally or should we consider it a relief rally only? We will know only if the critical resistance are crossed in the coming week/weeks. Nifty Critical Resistances: 17639, 17720, 17804 (Major Resistance) ,18066, 18136, 18207 and finally 18292 (Major Resistance) . Nifty Critical Support Zones: 17515, 17482, 17402, 17309 and finally 17210.
NSE:NIFTYLong
by Happy_Candles_Investment
just a normal correction and a shakeout there is no reason to panic as of now it is just a normal correction after a big move nifty can easily take support at 18150/18100 levels and a bigger but normal correction will take it to 17600/ 17800 levels easily however if the fall is not a sharp one the overall market may remain good that is that the small cap and midcaps will keep on going strong as they have been punished too much in the near past it will be much better for the bulls that nifty takes support from 18150 levels lets see how it unfolds however the short term outlook for the index is not very bullish until it take support from a point and then shows strength most positive outlook in my view is it takes support from 18150 levels and make bullish move from there
NSE:NIFTY
by Tradegainer
Nifty nearing a major resistance zoneNifty has come at the doorstep of Major resistance zone. This is the region between 17586 and 17812. This Zone is full of small and big resistances for Nifty. Momentum of Nifty is good but it will take some major effort in crossing this most important zone. In case this zone is crossed this week or later next week, the next resistance are near 17977 and 18125. Supports for Nifty are near 17514, 17478, 17417 and 17310. It is a critical day tomorrow as Friday we have very rare Second holiday of the week.
NSE:NIFTY
by Happy_Candles_Investment
1