Nifty again feeling trapped within the support and resistance zones of 17850 and 18200. Nifty tried but was not able to break free. Good news was that major support levels did not break. At global level the investors emotions are also hovering between global recession and soft landing of US economy. There is a hope of US Federal Reserve loosening the Hawkish...
Nifty is looking very fragile and holding on to a major support right now which is near 17775. Mostly we should see turnaround for Nifty from this levels on Monday but in case this support is broken and we see this support broken, then we will see a freefall till the levels of 17668 and 17397. Below 17397 we have major support of 50 Weeks EMA which is near...
Market Outlook : Market gave a good close on Friday after testing the support around 18029 levels. The close above 18300 is an indication of good strength. Mid-Cap and Small-Cap stocks are staring to looks oversold and might start to form bottom in a week or Two. Nifty has formed a perfect ‘Doji’ candle showing indecisiveness and can break out on either side....
NIFTY is swinging wildly on global cues. Inflation, fear of recession and Ukraine Conflict news surrounding the same is making the fluctuation in indices more and more unpredictable. The indices may have similar fluctuations for some more time before the dust settles and things are more clear at Macro level. IMF has decreased the GDP forecast of India fractionally...
Nifty is very delicately standing between a strong support and resistance. There are very big chances that it will break free next week in one direction. Looking at global factors and other indicators it seems that Nifty will break out on the negative side or at least it might start the week on a negative side. Major Supports: 17274 (this is a major support but...
Global sell-off post US Federal Reserves rate hike another 75 bps has intensified. Not only stock markets but Crude and Gold are also sliding. Hyper Inflation caused initially by COVID19 and aggravated by Russia-Ukraine war is causing dent on Macros of global economy. India due to inherent captive market and investment friendly Government will be / is affected...
Global sell-off post US Inflation data negative surprise led to a bloodbath and the Nifty ended the week very badly under 17600 levels at 17530.85. The supports for Nifty as indicated now in the chart are 17421, 17323 and 17301. Below 17301 we may see a free fall towards 16929 or 16842 levels. On the upside 17640, 17750, 17996 and 18096 will be major resistances....
Nifty this week has given bullish signals. Indications for the next week or so are positive. For NIFTY to crossover to the bullish zone it needs to cross the most important resistance zone of 17925 to 17996. If this zone is crossed we can see the levels of 18127, 18359 or higher. Most Important Resistance zone: 17925 to 17996. Other Resistances: 18127,...
It was important for Nifty to end the week above 17570 which was the 50 hours EMA. Ending above 17700 Which is the trend line would have been even better. Ending below them means now these Two lines are important resistances for the next week. Bull run can start only when we get a daily closing above these Two lines. Crossing 17700 the next resistance would be...
Powell's Speech at Jackson hole Symposium to decide the direction of NIFTY and other global indices. Green lines support red lines resistances. Unfortunately we could not end above 50 hours EMA. Despite multiple attempts today. Good outlook from Powell can give us gap up above 50 EMA. Otherwise things can slide down side next week. Supports : 17484, 17346,...
Nifty is at a critical juncture. The support and resistance levels for Nifty for the remaining days in the month of August are as under: Resistance Zone: 17719 to 17779. Major Resistance Zone: 17779 to 18118. Support zone: 17349 to 17606. Other Support: 17178. Level beyond which Bears will regain control over the market: 16616 (Major Support). Long Term...
Market Outlook 8th to 12 August 2022. As Nifty hourly chart continues to move in the channel which started around 13th June 2022. Recently it hit the channel top and faced resistance 17490 and faced channel top resistance since. 17161 payed as a major support during the news surrounding China-Taiwan crisis and should be looked at as a pivotal support for now....
Market has given strong push with thrust upwards towards end of this week. The rally if sustains above 16400-16495 zone will push momentum in favor of Bulls and Market can continue rally in coming week or weeks towards 16700 and above. The important level to hold and cross for Nifty would be 16400. The Support Zones: 16219, 16026, 15913 and finally 15766. Below...
Nifty opened gap up today at 15977 just short of 16K. Went on to make a high of 16083 but could not sustain the levels amongst the selling pressure and ended negative at 15782. This indicates there is excessive fear in the market and selling pressure on every rise. The market mood index MMI measure of Excessive fear, fear, greed and excessive greed indicates that...
After consolidating for two weeks between 16,800-17,500 levels, Nifty 50 Index finally broke the range and continued to fall sharply, triggered mainly by surprise interest rate hike by the RBI, hawkish commentary from US Fed and mixed corporate results. The short-term trend has turned bearish and it is likely that markets can further slide lower. The volatility...
The candle indicates weakness in NIFTY. NIFTY is searching for the support but even after a dip of 1.27% today it did not find one. More mayhem could be awaiting us next week if Nifty does not find the support soon. The points where NIFTY can find support next week are 17150, 17025, 16978 and 16852. Below 16852 there can be a long march towards lower 16Ks or even...
As mentioned last week the resistance between 17206 and 17450 proved very difficult for Nifty to conquer. It was a mixed week with Crude trading in a volatile fashion Covid 19 cases picking up in China, South Korea, Europe and other places. The war is continuing relentlessly and I would say our market is doing extremely well to hold above 17078 which is the 50...
Nifty did well to close above psychological level 16600. Immediate resistance is at 16692 and a strong one is around 16814. Crossing this level Nifty can go to 17028 and 17363. Supports on the down side are 16459, 16433, 16250, 15991 and a very strong support exists at 15674. Below 15674 the Nifty can fall to the levels of 15500 and 15465. We need a very positive...