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Nifty 50 Analysis from COVID-19 LowsNifty 50 Analysis from COVID-19 Lows: Primary Wave (1): Think of this like a big upward movement on a rollercoaster that started on March 23, 2020, when the Nifty 50 index was at 7511.10. It reached a high point on April 27, 2020, at 9889.05. Wave (2): After the first exciting ride, there was a dip. This dip ended on May 18, 2020, with the index at 8806.75, which was about halfway down from the highest point of Wave (1). Wave (3): Then came another exciting ride, but this time it had a lot of ups and downs. Wave (3) ended on October 18, 2021, at a high point of 18604.45. Wave (4): After the thrill of Wave (3), there was a pause. Wave (4) acted like a rest stop and finished on June 13, 2022. Wave (5): Now, it's moving up again, but not smoothly. It seems like it's going in a pattern of three steps up and three steps down, like climbing stairs. Currently, it's in the fourth step. Big Event: The chart suggests that something significant might happen when the index reaches around 20600-20900-21000. It's like saying, "Hey, there might be a big turn or surprise on the rollercoaster around this point." So, it could be a good idea to think about taking your gains or profits when it's near 20.5k. Just remember, investing in the stock market can be unpredictable, and it's wise to speak with a financial expert or do thorough research before making any investment choices.
NSE:NIFTYLong
by imkhushal
9
Perfect Breakout with one major hurdle to cross.It is a perfect breakout as we had predicted yesterday. As we had said you will find Nifty between 19600 and 19700. Nifty today made a high of 19693 and finished strongly at 19675. The next major resistances are at 19693, 19847 and finally 19990 until we are back above 20K levels. The investors should be cautious of 2 things. 1) Rate hike by US Fed in December FOMC. 2) Further major escalation in Israel - Palestine crisis which could make it a Multi-polar fight. In case of above developments the supports for Nifty will be near 19586, 19456, 19333, 19223 and finally the support zone between 18893 and 18835.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY--@Manipulation??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis. Still it has some more bullishness before going to fall...Early shorts (sellers) will be out with this move...Keep safe on bottom demand lies at 360 zone as marked yesterday...if tomorrow comes looks for buy only... .
NSE:NIFTY
by IIT-Trader
3
NIfty50 Levels for 12-11-2023 MuhuratNSE:NIFTY Intraday Levels for 12-Nov-2023 Wizard Levels/Zones >Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT. > If you're following these zones then kindly follow the rules too. Risk management, and Position sizing. > This is my perception of the market so, kindly do your analysis to get more clarity on the market. > These levels might help you guys. As per my view, I'm sharing it with you guys. > This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
NSE:NIFTY
by Financial_School
1
NIFTY -- CONTINUATION OR REVERSAL?Nifty has given a good rally after retesting 18800, and is now approaching overhead resistances. With 50 EMA, 0.618 Level and around 19500, nifty seems to be at a congestion zone where it should consolidate for a couple of days. FED chairman Powell is expected to speak twice this week and should provide with enough triggers for the market to decide the direction of movements. Overall, this consolidation should be healthy to help in the next round of rally after the events this week.
NSE:NIFTY
by DhruvDeora
NIFTY--19500 Is Resistance?? price broken the trendline and retested...then gap down or gap up. we have a strong demand zone at 19360level...price may again rise from this level.. previously 19500 is a strong resistance, if price again acts as resistance in this zone will observe a fall up to 19300 and 19200 levels. otherwise price breaks the resistance and have chances of testing the 19600 and 19700 levels. keep safe before short....wait until it touches the resistance resistance level @19500.
NSE:NIFTY
by IIT-Trader
5
NIFTY Prediction for 9th NovAs we discussed, a neutral view of NIFTY moved sideways the whole day by gaining +36 points. Right now, NIfty is at a really crucial point where it might go from the 19550 to the upside, where it might face the 4H-TH trendline as resistance. Tomorrow's nifty has expiry, which means it might be sideways with high probability. Expiry is likely to end in 19350-19450. Reason: Expiry day for Nifty (Mostly Sideways) 50 EMA day TF resistance to upside. (Resistance) Price > EMAs (Bullish) RSI is 40-60 mostly Sideways. Price action resistance to upside at 19460. PCR = 0.88 (Neutral) (Put:Call Ratio) Verdict: Sideways Plan of action: don't go for option Buyiing. let it make the range and then make iron condor.
NSE:NIFTY
by finnova_
Nifty prediction, Will Continue the Bullish trend?As Nifty has been continuously increasing for the past four days, it has been purely seller day. The market is consolidating in a range of 70-80 Points. We have performed Top a top-to-bottom approach where we see a trendline that is marked over the chart. Nifty seems to touch the 19550 levels by this week's expiry. Reason: Price > EMA(13,50,200) (Bullish) Golden crossover (Bullish) PCR = 1 (Bullish) RSI > 60 (Bullish) 200 EMA support downside. Verdict: Bullish Plan of Action: Sell PE on lower Points. Don't go for option Buying based on the last four days moment.
NSE:NIFTYLong
by finnova_
NIFTY--Head & Shoulders Pattern ??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis. Nifty is at important zone of resistance...If price fail to take the support at 19360 levels again and falls below this level, we have a chance of H & S pattern, keep safe before long.
NSE:NIFTY
by IIT-Trader
4
Nifty positioned nicely in a positive open mouth channel.Nifty is positioned nicely in a positive open mouth channel. Crossing and closing above 19726 can start a positive wave in Nifty which will have resistance at 19353, 19413, 19562 and 19681. Supports for Nifty at the lower level are 19207, 19170 and 19070. Things are looking good for a positive Diwali and Muhurat buying. Let us hop that all the positive levels are crossed and we get a closing close to 20K during the Muhurat session or post Muhurat session.
NSE:NIFTYLong
by Happy_Candles_Investment
1
NIFTY INDEX OUTLOOKNSE:NIFTY Nifty 50, in the hourly chart, is in the final leg of correction, forming a zigzag corrective pattern of 5-3-5. It has completed wave 3 of wave C at 18837.85. A triangle pattern is in formation in wave 4 of wave-C, which can go up to 19315 - 19360 region. For major correction to complete, Nifty 50 is likely to form a new low of wave 5 of wave C between 18740 - 18640, where it also has gap support. CRUCIAL LEVELS INTRADAY: 19244, 19235 DAILY:19195, 19125
NSE:NIFTY
by mindfulanalytics
NIFTY--19000 or 19300I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:NIFTY
by IIT-Trader
4
Nifty forming a good channel on hourly chart. Nifty is forming a good channel on hourly chart and things are looking positive for now. Once the Nifty crosses and closes above small resistance of 19145 and 19177 and hold that support. (It is very much possible that Nifty opens gap up above 19177 which will be very good technically, the next targets for spot nifty will be 19230, 19353 and 19425. Support on the lower side are at 19070, 19007 and 18935. Expecting a good closure to the week as things right now look positive. Some big negative news from Middle East can still spoil the party so be cautious.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY detailed Prediction analysis for 2nd Nov NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. A trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week. Reason: 200 EMA Resistance (Good Resistance) (Bearish) Price Action Resistance (Red Zone upside) (Bearish) Yesterday Heavy selling presure Price < (13,50) EMA (shows bearish) PCR = 0.68 (mild Bearish), MAX Pain = 19100 RSI < 40 (Bearish) Verdict: Bearish Plan of action: as its expiry it might be sideways. so play based on levels
NSE:NIFTYShort
by finnova_
NIFTY Prediction today 1st Nov 23NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. a short trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week. Reason: 200 EMA Resistance (Good Resistance) (Bearish) Price Action Resistance (Red Zone upside) (Bearish) Yesterday Heavy selling presure Price < (13,50) EMA (shows bearish) PCR = 0.75 (mild Bearish), MAX Pain = 19100 RSI > 40-60 (Sideways) Verdict: Bearish Plan of action: look for initially 15 min. follow the trend. Sell high levels.
NSE:NIFTYShort
by finnova_
NIFTY S/R LevelsI am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:NIFTY
by IIT-Trader
5
Nifty Downtrend Consolidation 30-10-23Hey Folks My nifty Update is here As we can see we are retestion the previous low of 25th october and can see the sellers moving in .We can see lots of side ways action for some days or maybe more downward continuation As we can see the rsi levels are oversold buyers should starting to develop the interest but for short term my target is around 18900 like i can see it going there in monday if we didnt get some news that may reverse the trend
NSE:NIFTYShort
by D3ffyDuck
NIFTY--18700 or 19200 ??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:NIFTY1!
by IIT-Trader
4