Nifty Short , Medium & Long Term View-26-Dec-23 to 29-Dec-23 Nifty closed at 21349( Prev Week close 21496) and touched low & high of 20970 & 21590. RSI and stochastics levels reduced from overbought zone ( 72% & 69 % Respectively) . Market currently on a upward movement due to global run and had slight consolidation last week. Two Fibonacci extended resistances...
NIFTY 50 INDEX Key highlights: 💡⚡ ✅On 15 MIN Time Frame Stock Showing Breakout of Rising Wedge Pattern. ✅Strong Bullish Candlestick Form on this timeframe. ✅It can give movement up to the Breakout target of 21510+. ✅Can Go Long in this stock by placing a stop loss below 21250-.
Daily Chart of Nifty 50 suggests us that Nifty has hit the resistance zone. The zone between 21505 and 21665 is a resistance zone and has multiple resistances. Nifty continues as on date to be overbought. The reason of Nifty not falling is support from FII buying and multiple technical supports between 21352 and 21246. If 21246 is broken Nifty can fall to 21037 or...
Nifty Short , Medium & Long Term View-18-Dec-23 to 22-Dec-23 Nifty closed at 21496( Prev Week close 20520) and touched low & high of 20776 & 21496. Market touched all time high of 21000 last week and then almost to 21500 without any stoppage after a massive run post election results of 3 states and US Fed rate reduction plan, followed by global stock market...
Passengers of the Runaway Train (Nifty) need to be cautious now. The current Nifty rally has hit the Euphoria phase. India is watching a Bullet train rally and probably the station is near by. Reasons behind the rally are: 1) Recent Assembly elections considered as Semi Finals before the lok sabha elections of 2024 met the market expectations. 2) US Fed continued...
As Predicted post FOMC Rate Pause decision and a murmur of rate rate cuts starting in 2024. Nifty got a steroid dose as expected and became a run away train. May be there is some more momentum left in the rally and a good close in the green to end the week will be icing on the cake. The resistances on the upper side of Nifty will be near 21212, 21266 and finally...
Nifty will be gap up opening in today's session. After opening nifty sustain above 20950 level and then possible upside rally up to 21090 & this rally can extend another 100-120 points if market gives breakout 21090 level in today's session. in case nifty trades below 20900 level then the downside target can go up to the 20780 level.
Nifty holding above 20900 is a good sign but one dip towards 20500 or 19900 is overdue now. The RSI is indicating overbought zone requiring a time consolidation or correction. In case of correction the supports for Nifty will be around 20851, 20708, 20506 (Strong Support), 20259 or 19903 (Major Support). If Nifty manages to close below 19903 this month Bears can...
Nifty Short , Medium & Long Term View-11-Dec-23 to 15-Dec-23 Nifty closed at 20520 (Prev Week close 20227) and touched low & high of 21006 & 20520. Market touched all time high of 21000 last week after a massive run post election results of 3 states. RSI and stochastics levels nearing the overbought zone ( 83% & 97 % Respectively) . Nifty- Short Term Resistance...
Nifty will be gap down opening in today's session. After opening nifty start trading below 20950 level and then possible downside rally up to 20830 in today's session. in case nifty trades above 21000 level then the upside target can go up to the 21120 level.
Nifty will be FLAT opening in today's session. After opening nifty start trading Below 20900 level and then possible downside rally up to 20780 in today's session. in case nifty trades Above 20930 level then the upside target can go up to the 21050 level.
Head and Shoulder like Pattern in formed in Nifty. Currently Nifty looks like overbought. RSI is also above 80 and it feels like Euphoria Phase of Bull-run is activated. For how long the continuous bull run can persist is difficult to say as market can remain irrational more than investors can remain rational. To have a sustainable growth a little bit of...
Nifty will be gap up opening in today's session. After opening nifty sustain above 20280 level and then possible upside rally up to 20380 & This rally can extend another 100-120 points if market gives breakout of 20400 level in today's session. in case nifty trades below 20240 level then the downside target can go up to the 20120 level.
Nifty Short , Medium & Long Term View-04-Nov-23 to 08-Dec-23 Nifty closed at 20227( Prev Week close 19794) and touched low & high of 19807 & 20295. Market Decisively crossed the 20000 and crossed the all time high (20218) and touched 20295. Pre poll survey result and GDP Q2 growth boosted the market. Monday will be gap up opening due to the state elections...
Nifty will be gap up opening in today's session. After opening nifty sustain above 20120 level and then possible upside rally up to 20240 in today's session. in case nifty trades below 20080 level then the downside target can go up to the 19960 level.
Nifty will be gap up opening in today's session. After opening nifty sustain above 19920 level and then possible upside rally up to 20050 in today's session. in case nifty trades below 19890 level then the downside target can go up to the 19770 level.
Nifty will be gap up opening in today's session. After opening nifty sustain above 19810 level and then possible upside rally up to 19930 in today's session. in case nifty trades below 19780 level then the downside target can go up to the 19660 level.
Nifty Short , Medium & Long Term View-27-Nov-23 to 01-Dec-23 Nifty closed at 19794(19870) and touched low & high of 19671 & 19873 Last week Market was near to the resistance provided i.e 19856 level. RSI and stochastics levels nearing the overbought zone. Nifty- Short Term Resistance at 19875(last week high), 19923( Fib Resistance), 19996 (Prev High Shown in...