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NIFTY 50 Analysis For Feb 19th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 19th, There Are Total of one Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And There Are 4 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The Nifty 50. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
Expected Important levels for the Year 2024!Disclaimer! This analysis is made for educational purpose and do not consider it as an investment advice. Hey Folks ! I have marked all the important levels for the year, All the ranges marked with green colour represents Bullish area and all the ranges marked with red colour represents Bearish area. These levels are very simple yet very important. Use these levels with your existing trading strategy and experience to get most odds in your favour. Rules are simple , Short trades can work well in the Red / Bearish ranges whereas Long trades can work well in the Bullish ranges. If in case at any point of time Nifty 50 goes beyond these levels then i will either post additional levels in as an update or i will republish the idea with more levels. All the Best Folks ! Stay tuned for updates.
NSE:NIFTY
by prachitv1
Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24Nifty Short , Medium & Long Term View-19-Feb-24 to 23-Feb-24 Nifty closed at 22040 (Last week 21540) and touched low & high of 21629 & 22068 RSI and stochastics levels reduced this week(58% & 87% Respectively). Stochastics is in overbought zone. Huge volatility was seen last week within the topmost resistance and bottom most support last week. Market was exactly trading within this trend line resistance and trendline support provided. Market need to decisively close above all time high 22117 and 22157 (Fib Resistance). Earlier 30% profit booking was suggested (except Bank & IT stocks). Partial Booking can be considered for further 5-10% in Mid & Small Cap (Stocks/ Mutual Funds) wherever valuation are high. There is no worry on Good Valued Stocks which can be kept for Long Term. This cash will be useful to buy when during the fall. Nifty IT 38477 (Prev Week 37699) -To continue hold. Nifty IT touched new high of 38477 in this week. Major support at 34918 /34000. Target can be 40000. Nifty bank 46554 ( Prev Week 45634 ) -To continue hold. Nifty Bank touched 46695 high last week. Purchase on dips was suggested. Nifty Bank moved from 44673 to 46695. support is at 44598 if breaks major support at 43650 ( Fib Support). Purchase on Dips. Refer to detailed comments in the bottom. Nifty 22040- Short Term ( Neutral ) All time high 22136 will be a key resistance. Market could not surpass it decisively. Hence bearish sideways movement expected for some more weeks. Resistances are at 22000, 22117, 22136 ( All time high),22150 Support - 21430 (Fib Support & MA 50 Support), 20877 Fib Support and trend line support as shown in the chart. Nifty Medium Term & long Term - Can buy at 20800 -21000 level in case of dip for a short run up. Target Fibonacci extended resistance is near to 22500 as shown in chart. nifty will move to next target 22308 (Fib Resistance)/22521. Support at 20225 (prev high), 20000 ( Fib Resistance) Long Term Market expected range bound between 22500 to 18800 expected till mid of 2024. Q3 results are average except bank & Nbfc stocks, further up move will have target of 23150 ( Trend Line), 23500 ( Fib Resistance). Comments (19-Feb-24) : Earlier last 2-3 months, purchasing/holding Nifty IT at lower levels proved effective as the Nifty IT index as it moved up by 20%. Nifty IT posted flat or negative results in Q3. But to a surprise Nifty IT moved up 4-5% up as US economy is recovering. Nifty IT touched new high on 16-Feb-24 (38477). Target 40000. Similarly despite nifty bank results for Q3 were good as expected, Nifty Bank index was down by 10% last three-Four weeks. Nifty Bank Index was suggested to buy two weeks before. Nifty Bank Stocks / Bank Index can be purchased whenever it falls down. HDFC bank is now in buyable range, can be further bought if it further dips for Medium to Long Term. Nifty Bank ( 46554) tried to move above key resistances. Continue to buy on dips. As expected, stocks other than Banks have posted mixed results. Market can any time expected to turn volatile till elections in 2024 (Apr-May). Company Earning per share (EPS) are near to maximum level, expected policy / budgetary push to move up further in 2024. Individual stock pick will be the key in 2024.
NSE:NIFTY
by karthikss
NIFTY 50 Analysis For Feb 16th!Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 16th, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area. The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular Day! The Blue Arrow Path Showing The Direction of The Nifty 50 For Tomorrow. Note : Those Levels Are Only For That Particular Day. Please Note That The Only Purpose of The Information On This Page is Purely Educational. We Are Not Registered with SEBI; Therefore, Before Making Any Financial Decisions OR Investing, Please Consult with A SEBI-Qualified Financial Advisor. We Don't Have Any Responsibility For Your Profits OR Losses. I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement. Thank You.
NSE:NIFTYLong
by SuccessStrikes
1
NIFTY--Breakout or Breakdown??Nifty is now at important zone of resistance. this is the place to continue its direction or reversal. If you want to go for short, wait until the price breaks the trendline. A strong bullishness is observed from 21500 levels, on bottom side side we have strong demand zones lies in the range of 21400-21300 levels... if price breaks the trendline these demands push the price upside. so wait for clear direction in nifty to short from this levels. Now its time to think for complete short side. Yesterday a strong bullishness is observed if this is an exhaustion of buyers, after a complete range bound is observed. so its time to wait in nifty for Breakout or breakdown.
NSE:NIFTY
by IIT-Trader
7
Analyze the NIFTY50 on the daily chart as of February 15, 2024Disclaimer: I am not a financial advisor and this analysis should not be considered financial advice. Please do your own research and due diligence before making any investment decisions. Current Status: The NIFTY50 closed at 21,910.75, up 0.32% from the previous day's close. This suggests a continuation of the recent uptrend, but volatility remains. Technical Analysis: Moving Averages: The 50-day MA is at 21,514.36, acting as potential support. The 200-day MA is at 21,000.24, providing a more significant long-term support level. The NIFTY50 is currently trading above both MAs, indicating a bullish trend. Relative Strength Index (RSI): The RSI is currently at 58.13, indicating the index is neither overbought nor oversold. However, it's approaching the 60 threshold, where some traders might see it as overbought territory. Support and Resistance: Immediate support levels are around 21,800 and 21,500. Immediate resistance levels are around 22,000 and 22,200. Fundamental Analysis: Indian Economy: The Indian economy is expected to grow at 6.8% in the current fiscal year, supported by domestic consumption and reforms. However, rising global inflation and interest rates pose challenges. Corporate Earnings: Corporate earnings in India have been robust in recent quarters, driven by strong economic growth. However, rising input costs and interest rates could put pressure on margins going forward. Global Markets: Global markets remain volatile due to concerns about inflation, interest rates, and geopolitical tensions. This volatility could impact the NIFTY50 in the short term. Potential Risks: Rising Inflation and Interest Rates: The RBI might raise interest rates to control inflation, which could dampen economic growth and investor sentiment. Geopolitical Tensions: Ongoing global conflicts could create uncertainty and impact foreign capital inflows. Valuation Concerns: The NIFTY50 is currently trading at a premium to its historical valuations, making it less attractive for some investors. Overall: The technical analysis suggests a continuation of the uptrend, but the RSI reading indicates potential for a near-term pullback. The fundamental outlook is cautiously optimistic, but risks remain due to inflation, interest rates, and global uncertainty. Investors should carefully consider their risk tolerance and investment horizon before making any decisions. Additional Notes: Consider incorporating other technical indicators and chart patterns into your analysis to gain a more comprehensive understanding of the market. Stay informed about major economic events and policy changes that could impact the market. Diversify your portfolio and avoid investing more than you can afford to lose.
NSE:NIFTY
by mayurdhagiya
NIFTY--Bearish View(21300)??NIFTY INDEX is at crucial zone to move further upside or downside... Price is trading in a channel... price broken the trendline grab the liquidity at 21600 levels. on topside price again created a one more trendline, as of now this is the resistance which lies at 21930-21950 zones. If this trendline acts as resistance, more chances of fall below key level. so if price comes to this levels wait for bearish turn... If there is no bearishness price will continue towards strong resistance at ATH, by facing intermediate resistances at 22050. After the liquidity grab On topside above trendline as well we have chance of fall back...so wait until price to break the key level. check the bullish case-- we have Rally Base Rally.
NSE:NIFTYShort
by IIT-Trader
22
NIFTY INTRADAY LEVELS FOR 15/02/2024BUY ABOVE - 21860 SL - 21810 TARGETS - 21910,21970,21010 SELL BELOW - 21770 SL - 21810 TARGETS - 21710,21640,21580 NO TRADE ZONE - 21770 to 21860 Previous Day High - 21770 Previous Day Low - 21580 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 14/02/2024BUY ABOVE - 21770 SL - 21710 TARGETS - 21810,21860,21910 SELL BELOW - 21710 SL - 21770 TARGETS - 21640,21580,21530 NO TRADE ZONE - 21710 to 21770 Previous Day High - 21770 Previous Day Low - 21580 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--Drop Base Drop??Nifty showing strong bullishness from Golden Zone... price is now at breakout level, if price breaks above then liquidity on topside will done at 21880 and 21950 levels. If price unable to breaks the upside...a Drop base drop is going to observe from this levels. On bottom side we are left with bullish gap 21400 levels... if price unable to break above price clears the bullish gap left below... buy setup and sell setup are given in the previous post, please go through it. If price tests the demand zones at 21300-21400 levels look for buy side.
NSE:NIFTY
by IIT-Trader
2
NIFTY--@Traingle Breakout??NIFTY Index is now at golden zone of fibonacci we are still left with some more points on the bottom side at 21500-21520 levels... previously a strong bullishness is observed as well from this zone... price is also trading narrow in a trendline most chances of breakout from this levels... wait for the price to break the trendline and retest for longer side... otherwise a continuation may happens... on bottom side we have strong support lies at 21300 levels... keep mark this zone as well,if it will continue downside will look for buy at 21300 levels... price clears the liquidity at 21600 levels.... ---------------------------------
NSE:NIFTYLong
by IIT-Trader
24
NIFTY INTRADAY LEVELS FOR 13/02/2024BUY ABOVE - 21670 SL - 21620 TARGETS - 21730,21770,21810 SELL BELOW - 21580 SL - 21620 TARGETS - 21530,21470,21400 NO TRADE ZONE - 21580 to 21670 Previous Day High - 21810 Previous Day Low - 21580 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