Nifty 10 Apr 23 to 13 Apr 23 Short ,Medium and Long Term Nifty touched a high of 17638 and low of 17310. Nifty closed at 17599 (Prev Close 17359). Global Economy is reversing but lot of agencies have given cautious & weakest growth % of 2-3% for next 5 years. Interest rate are at peak and signs of reversal and inflation are reducing. But Threat of Geopolitical...
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...
Nifty 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....
A Cup and Handle kind of structure is forming on the hourly chart of Nifty. For the structure to complete Nifty has to close above 17429. In that case the next resistances for Nifty will be at 17472, 17528 (Strong Resistance) Closing above 17528 can potentially take Nifty to 17647 and 17803. Supports for Nifty remain at the levels of 17310, 17212 and 17171. The...
Reliance Industries Ltd. remains favourite among many NSE traders, and among people who trade #Nifty50 in India. This one is in wave 4 and subsequently wave 5, down and therefore I am looking at shorting opportunities from these levels. Happy Trading.
Nifty 27 Mar 23 to 31 Mar 23 Short ,Medium and Long Term Nifty touched a high of 17530 and low of 16850. Nifty closed at 16945 (Prev Close 17100). As per the last week call, Nifty went down and tested 16923. RSI , stochastic and MACD still at oversold zone and yet to recover / Cross the Signal / Moving Average. Nifty might fall further as there is monthly...
Last 2 hours today saw Nifty forming a bottom near 16828 that was the low of the day and making a pretty solid comeback. The momentum can lead us to open in positive and as US and other Global markets are supporting possibly Gap up opening tomorrow. If Nifty can sustain above 17061 tomorrow and move above 17142 tomorrow or later in the week. We can see a relief...
DISCLIMER All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your...
NIFTY level marked on Chart. its already break daily support and we can see bears are in power since two days Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your...
Dear All, We are just seeing the effect of the breakdown level of 17300. Wherein, it seems that Nifty is on its journey towards 16800. On Monday, we had seen Nifty taking a support at 17180 . However, unfortunately the stated level of support was violated in yesterday’s market. So, as of now, we will have to wait and watch for Nifty to either make a ...
There is a divergence formed in RSI in the last one hour during todays fall. Indicating that we may see positivity today. Nifty may end in Green territory if there is no further bad news from US. 17258 and 17355 will be important resistances. Followed by 17488 which is the 50 EMA. Supports are at 17113, 16952 and 16745. The last 2 only if there is some further...
Nifty 13 Mar 23 to 17 Mar 23 Short ,Medium and Long Term Nifty touched a high of 17801 and low of 17331. Nifty closed at 17413 ( Prev close 17594 ) due to US Bank issues. Nifty to go down and test 17133/17088/17000 in the coming week. RSI , stochastic and MACD have recovered and increased, later declined at the end of week to selling zone. Markwt still not in...
Dear All, Finally, once again Nifty took a beautiful support at the level of 17300 on Friday. Also the Index made a beautiful bullish reversal pattern , called hammer on the daily chart. Well in our weekly analysis , we are quite optimistic for the market as of now. However, in case Nifty breaks the level of 17300 on closing basis for panic creation...
DISCLIMER All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your...
Compressed Coal becomes diamond. Nifty looks like that compressed diamond right now. With upcoming rate hikes by US Fed and possibly RBI there is chance of further compression. But once this cycle of rate hike is done with, once the inflation is under control. The diamond will definitely shine and glitter and make the investors smile. Nifty Supports are: ...
Nifty today barely took support at 200 days EMA. In the closing hours Nifty was weak and it will be difficult for Nifty I think to hold on to this level tomorrow. Three expected support zones for Nifty in the coming days can be 17512, 17353 and Finally 17253. Nifty not able to cross 50 Days EMA after multiple attempts can not be considered a good sign. 17800...
Dear All, Our stated level of 17800 had once again shown its magic as a level of Resistance , as it made a high of 17772.35, yesterday . Wherein, not being able to crossover, we had observed a major supply in Nifty therefrom. Well currently, as per the day chart , we are expecting a minor bounce back in Nifty for today. So, it will be better to consider ...
200 Days EMA proved to be a great support for NIFTY today. If Nifty can hold it tomorrow It will have to punch above it's weight again and take down major resistance number 2 that tis 50 days EMA that is at 17809. Crossing 17809 will unleash the Nifty towards next resistances which are near 18016, 18141 and 18267. Supports for Nifty are near 17584 and 17253.