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Nifty50

Things look rosy but keep an eye on 2 major global events. Nifty was in consolidation mode on Friday after making a new high on thursday. It seems to have found a temporary support at 25292. If this support is broken there are further supports at 25133, 24910, 24753 and finally Mother line support of 24602. If 24602 is broken bear will be seen in an active mode. however shadow of the candle as of now seems to be neutral to positive. The resistances for Nifty on the upper side are at 25433 and 25537. Channel top seems to be near 25653 and trend top or the medium term target seems to be at 26335. However Nifty will take some time, correction and consolidation before we reach there in all probability. All eyes from across the globe will be on US Fed action on 18th September. If there is no fed rate cut or only 25bps rate cut announced. Bears can attack the market from all sides, so keep a track of this most important global event next week. This is a make or break global event. Also we should be watchful of events around Russia Vs Ukraine as there was a news that US can give a green signal to long range precision made in US missiles to be used by Ukraine. If this happens it can escalate the matter into a massive global event with negative impact on global markets. Although everything seems rosy as of now. Keep a keen eye on these to major events next week or in the coming days. To guard your profit keep trailing stop losses. To protect your capital use stop loss.
NSE:NIFTYLong
by Happy_Candles_Investment
Fresh Bullish Breakout in Nifty after consolidation. Nifty consolidated for a while tested new bottom near 24753 Nifty has today taken down all the resistances and made a new all time high of 25433. Nifty could not hold on to 25.4K+ levels today so the immediate resistance for Nifty will be today's high that is 25433. The next resistance is near 24537. Channel top seems to be near 25653. The door are now open for 26K+ long term target. As of now the long term target as per the trend line seems to be near 26355 with supports at 25293, 24910 and recent bottom formed near 24753. Below this level Mother line support will be near 24571 below which the trend can change bearish.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty getting trapped between two trend lines forming a pennant Nifty is getting trapped between Two trend lines and will look to consolidate further till the trend line is broken on either side. In addition to the trend lines, Nifty is also trapped between Mother and Father line of 50 and 200 Hours EMA. Very interestingly poised Nifty with negative shadow of the candle. Immediate resistances are near 24970, 25027, 25130 and 25192. Above 25192 Bulls can start to breathe easy. Supports for Nifty are at 24885 are 24821. 24821 is the most important support as it is just below the trend line and also 200 Hours EMA that is the Father line. If father line is broken Nifty can further fall to 24751 or even 24527.
NSE:NIFTY
by Happy_Candles_Investment
Mid-Channel Resistance stopped Nifty growth todayAfter remaining positive and buoyant the full day Mid-channel resistance came to force and stopped Nifty from further growth today, dragging it down from day's high of 25130. The closing is good and above Mother line (50 days EMA). To know more about Mother, father and small child theory and Happy Candles numbers that we assign to stocks read my book The Happy Candles way to wealth creation. The book is available on Amazon in paperback and Kindle version. The supports and resistances for Nifty now are as under: Supports for Nifty remain at: 24034 (Mother Line support), 25005, 24832, 24807 and finally 24527. Resistances for Nifty remain at: 25130, 25192, 25273 and 25333. Shadow of the candle right now is neutral to positive.
NSE:NIFTY
by Happy_Candles_Investment
Strong comeback by Nifty indicating temporary bottom formation.Nifty today came back strongly after taking support from Father line of 200 EMA and trendline. The support of Father line will be confirmed if we get a positive and strong closing tomorrow. The supports as of now for Nifty remain at 24790 and 24753 (Today's low and trend line support). If by chance FED will not announce a big rate cut, Nifty may again go support searching. If 24753 is broken the next support will be only at channel bottom near 24527. Shadow of the candles as of now remains positive and resistances for the Nifty is in the zone between 25005 and 25033 (Mother line 50 Hour's EMA). If we get a closing above 25033 the next resistances for Nifty will be at 25192, 25273 and 25333. See how Father line support saved Nifty today. To know about Father, Mother and the small child theory you can read my book The Happy Candles Way to wealth creation. The book is available on Amazon in paperback and Kindle version.
NSE:NIFTYLong
by Happy_Candles_Investment
Major weakness in Nifty with across the board selling.Nifty today looked very weak as it was not able to sustain many important support levels. Relative strength index of Nifty is also looking that it might fall further. The candle looks like an Olympic diver which has jumped from the podium. You can never say never but shadow of the candle as of now looks very negative and dark red in colour. Resistance for Nifty will be at 24914, 25076 and 25333. Support for Nifty seem to be at 24702, 24483 (Major Mother Line 50 days EMA support). If this support is broken Bears can have a field day or a field week with no stopping. In such a scenario they can drag Nifty further down to 24242, 24016 or even 23673. The worst case scenario as of now looks like 23174 and 22759. 22759 will be Father line support. Nifty last took father line support only on 4th june 2024 when it looked as if NDA will not be able to form a Government and there were deep cuts. So it looks improbable that Nifty will fall till father line but you never say never as US and other global markets are in panic mode. Long term investors can be / should be ready with some liquidity as they might get a good chance for bottom fishing. Long term and ultra long term outlook for Indian markets still looks very positive.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 06 SEP 2024BUY ABOVE - 25190 SL - 25130 TARGETS - 25240,25320,25400 SELL BELOW - 25130 SL - 25190 TARGETS - 25080,25030,24970 NO TRADE ZONE - 25130 to 25190 Previous Day High - 25240 Previous Day Low - 25130 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty delicately placed near Mother line & important trendline.Nifty which closed at 25145 is delicately placed just above mother line 50 EMA and an important trend line near 25143. Another important support will be today's low that is 25127. Below this level there can be further weakness which can take Nifty to 25083, 25005 and 24875. If major support of 24875 is broken the final support will be near 24776. If 24776 is broken Bears can take over the market. Resistances on the upper side are at 25173, 25208, 25234, 25269. Above 25269 Bulls can take control of the market at take the market to 25304 or even 25337. Right now shadow of the candle is still little negative.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY Next buy opportunity on the 1D MA50.We had another success on the Nifty 50 Index (NIFTY) on our last buy signal (August 09, see chart below), as we bought after a confirmed rebound on the 1D MA50 (blue trend-line), with the index being currently very close to our 25500 Target: The index continues to follow the a cyclical pattern and this is how we made this previous successful prediction on the 1D MA50. As you can see it was the very same rebound on January 24 2024 (1D MA50 and bottom of the Megaphone) that rose by +6.64% before turning sideways again into a larger (dashed) Megaphone. We are about to enter this fractal symmetry and potentially initiate a new Megaphone. The former one gave this first buy opportunity on the 1D MA50 again, then on the 1D MA100 (green trend-line) and finally near the 1D MA200 (orange trend-line). An additional buy signal was when the 1D RSI hit its Support Zone. As a result we are closing the previous buy now on profit and will wait for the 1D MA50 contact to buy again and target the top of the Megaphone (Higher Highs trend-line) at 25700. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NSE:NIFTY
by TradingShot
Multiple trendlines converging and diverging consolidating NiftyThere are multiple global and local factors playing together line the multiple trendlines shown in the graph converging and diverging. These forces are not allowing Nifty to fall much and recover if it falls. At the same time they are not allowing Nifty to fly away towards 25.5K and above. The support levels for Nifty are at 25133 (Mother Line Support), 25083, 25005 and 24875 (Bottom of the current channel). Resistances for Nifty will be at 25207, 25251, 25304 and finally 25337.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 05 SEP 2024BUY ABOVE - 25240 SL - 25180 TARGETS - 25320,25400,25470 SELL BELOW - 25180 SL - 25240 TARGETS - 25130,25080,25030 NO TRADE ZONE - 25180 to 25240 Previous Day High - 25240 Previous Day Low - 25080 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 04 SEP 2024BUY ABOVE - 25320 SL - 25240 TARGETS - 25400,25470,25530 SELL BELOW - 25240 SL - 25320 TARGETS - 25200,25180,25080 NO TRADE ZONE - 25240 to 25320 Previous Day High - 25320 Previous Day Low - 25240 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Attempts of Nifty to break free not successfulNifty has attempted multiple times to break free and run wild but it has not succeeded. After making a new high there is consistent bout of profit booking seen. Over a few days now overall market breadth is not on the positive side. This phenomenon is natural when we are making new tops almost every day. Resistances for Nifty at this juncture are at 25330 and 25375. Supports for Nifty remain at 25242, 25193 (Strong support of the trendline) below this level major support will be near 25081 which is a combination of Mid channel support and Mother line support making it a very strong support. If 25081 is broken by any change 24993 will be the only major support remaining before the Nifty falls to Father line support or 24677. To know the importance of Mother and Father line support and to know about the Mother, Father and the Small child theory of stock market (formulated by me), you need to read my book The Happy Candles Way to Wealth creation available on Amazon in paperback and Kindle version.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY INTRADAY LEVELS FOR 03 SEP 2024BUY ABOVE - 25320 SL - 25260 TARGETS - 25400,25470,25530 SELL BELOW - 25260 SL - 25320 TARGETS - 25300,25130,25080 NO TRADE ZONE - 25260 to 25320 Previous Day High - 25320 Previous Day Low - 25260 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
NIFTY INTRADAY LEVELS FOR 02 SEP 2024BUY ABOVE - 25260 SL - 25200 TARGETS - 25320,25400,25470 SELL BELOW - 25200 SL - 25260 TARGETS - 25130,25080,25030 NO TRADE ZONE - 25200 to 25260 Previous Day High - 25260 Previous Day Low - 25200 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the support/resistance, it will move to the next support/resistance line. White lines indicates previous day high & low, high acts as a resistance & low acts as a support for next day. Trendlines are also significant to price action. If the price is above/below the trendlines, can expect an UP/DOWN with aggressive move. Please NOTE: this levels are for intraday trading only. Disclaimer - All information on this page is for educational purposes only, we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And taking any decision. We are not responsible for any profit/loss you made. Request your support and engagement by liking and commenting & follow to provide encouragement HAPPY TRADING 👍
NSE:NIFTY
by Jagadheesh_JP
Nifty50 analysis for next week 2nd Sept-6th Sept 2024#Nifty surged to a new all-time high of 25236 this week, gaining nearly 400 points from the previous week's close. As predicted, the market remained within the 25500-24200 range. For the coming week, I anticipate Nifty to trade between 25850 and 24600 . A break above or below these levels could trigger significant price movements. If Nifty can sustain above 25300, it might reach 25400, 25568, 25650, or even 25809 (a crucial resistance level). While the weekly RSI is showing signs of a bearish M pattern, I believe Nifty needs to reach 25500 or 25800 before a significant decline. Overall, for coming week market remains bullish. The S&P 500 closed just above the important Fibonacci level of 5637. A break above 5670 could lead to gains towards 5700, 5806, or even 6142, which would likely benefit Indian markets. However, a breakdown below 5550 could trigger a sell-off, with potential support levels at 5486, 5373, and 5180. Such a scenario would have negative implications for global markets, including India.
NSE:NIFTYLong
by ssudhirsharma11
Solid closing above important Fibonacci level of ATH. Nifty has given a solid closing above previous ATH and important Fibonacci level showing growing momentum. A new All Time High was made today at 25192.90 for Nifty which closed strongly at 25151.95. Now there is a strong support zone for Nifty between 24998 and 24933. 24933 happens to be 50 EMA (Mother's line) as well as mid channel support. This resistance will be tough to conquer for Bears. In case there is closing in an unlikely event below 24933 the next support will be at 24716. On the upper side the next resistances will be near 24193 (weak resistance of ATH). 25294 and finally 25411. 25411 is an important Fibonacci resistance which will be tough to conquer. In case we get a closing above 25411 next month or so the doors for 25840 in the medium to long run will open. words of Wisdom: All The boats go up in a tide so go for fundamentally strong stock which have good thematic future rather than momentum traps. Pick Fundamentally strong stocks which are giving a technical breakout. To know more about stock selection read my book The Happy Candles Way to wealth creation available on Amazon.
NSE:NIFTYLong
by Happy_Candles_Investment