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Niftyindia

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
18646 giving a great support can the rally re-launch from here?18646 giving a great support can the rally re-launch from here is the question now. Usually when index or the stock finds a proper support and investors feels confident about the support, there is a possibility of restart or re-launch of the rally from that region. Whether rally will be successful like the previous phase will remain the question. However if the rally re-starts the next resistance will be near 50 Hours EMa that is 18733. Crossing 18733 the most important ATH resistance zone of 18795 to 18887.6 awaits Nifty. Supports at the lower side remain at 18646, 18562 and finally the bears wake up if 18421 is broken.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Dives below 50 hours EMA After Failing to Conquer ATH. Nifty Nose-Dived below 50 hours EMA After Failing to Conquer All Time High which was within the touching distance. The factors responsible for the fall can be attributed to Hawkish stance of FED before July FOMC. Hawkish stance of global Central banks and Profit booking near all time high. Relative Strength Index of Nifty (RSI) also needed some cooling down. 50 Hours EMA is working as an important resistance now and today low of 18647 will be important support for Monday. If the support at 18647 is broken Nifty can languish upto bottom of current channel and 200 Hours EMA which is near 18554. If Nifty closes below 18554 final support for Bulls is near 18421 closing below which bears will spring back to life.
NSE:NIFTY
by Happy_Candles_Investment
2
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 50 all set to fallNIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity Sell around 18727 STOP LOSS: 18803 TAKE PROFIT 1: 18559 TAKE PROFIT 2: 18383 use proper money management and this analysis is for educational purpose only and not a financial advise.
NSE:NIFTYShort
by tuahawaqar
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 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 Trade Setup (05-June2023)This will be my personal trade Setup, This is not an advice of any kind to initiate trade according to this setup. This is for only for my learning purpose and maintaining my trading journal. For tomorrow's Setup: 1.) If opens flat in descending triangle and breaks the triangle on upside then will buy for target of Resistance levels 1st at 18574, then 18616. 2.) If opens flat in descending triangle and breaks the triangle on downside and also breaks trendline support then will short for target of Support level of 18419. 3.) If there are any gaps up or down then will look for Resistance or Support and will trade accordingly or only after formation of price action.
NSE:NIFTY
by TradeInsights
Good Closing on Friday, positive to start the new week expected.Due to Good Closing on Friday, positive to start the new week can be expected. We might have a positive gap up start on Friday if there is no negative news on the global or local level during the weekend. The resistances to look forward to are 18600, 18662 and finally 18742. Long term targets are 18887 and 19200+ levels. Supports at the same time remain at 18488, 18325 and finally 18048. closing below 18048 has potential to handover the control of the rally to the Bears.
NSE:NIFTYLong
by Happy_Candles_Investment
4
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
Short and Medium Term Outlook for NIFTY on Daily chart. In the short Nifty looks little indecisive. I the medium term Nifty looks solid. Couple of Dojis after cup and Handle Break Out for NIFTY indicates some tussle between Bulls and Bears. Where Bulls have managed to or are trying to free Nifty from a two year consolidation phase where Nifty was mostly between 16000 and 18000. At the same time Bears are trying that Nifty again falls into the Abyss and stays in the consolidation zone. One 3 to 5% dip will come in the next couple of months before or just after Nifty reaches near or closes above All time high levels. Supports for Nifty: 18584, 18508, 18372, 18225 and finally 18011. Resistances for Nifty: 18661, 18736, 18784 and finally 18887.
NSE:NIFTYLong
by Happy_Candles_Investment
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