Very Important week for Nifty and other global indices as Us Federal Reserve meets tomorrow. Global Market are looking for some respite, pause in rate hike or loosing of the hawkish stance and Global Baking systems are feeling the heat of unprecedented 500bps hike by US Fed in las one year. Positive news on this aspect will be greeted by global markets and we...
Nifty has been declining within the squeezing triangle needs to gather all the strength available and jump above 17591 first and 17776 to be back in neutral zone. Currently it is in the bear zone or negative territory. Above 17921 will be a trend change and above 18116 nifty will be in positive energetic territory. Bulls can take over only after closing above...
Market did well by closing above the 200 days at 17648 which is well above 200 days Moving average at 17551. Now 17551 will be a major support going forward in addition to 17405 which was today's low. The resistances for Spot Nity are going to be 17710, 17880 and finally 17978 before it reaches a very difficult resistance to cross at 18055. If tomorrow we end in...
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....
If US indices and SGX Nifty don't do well overnight the chances are that few supports on the down side will be tested tomorrow. FII and DIIs both were net sellers today again showing some chinks in the armour of rally which started around 15183. Seems the strength of bulls is exhausted as third day in a row the Bulls could not even touch coveted psychological mark...
Spot Nifty is just under Double Trend line resistance of 17700. Closing above 17700 will open the wide possibilities of Nifty strolling 18K and regaining the level with confidence. As the resistance is very strong and we are currently at 17665.80 a great thing to happen will be getting an gap up opening above the resistance and sustaining it. If it is not gap up...
The high that Nifty made today 17719 to 17832 will be tough to cross. Even if that is crossed or touched there is a major resistance beyond it which extends upto 18117. FIIs are buying relentlessly of late. May be their buying power can help us cross this important resistance. Investors should be aware of this zone and if there is a correction be prepared for...
On daily time frame nifty is sideways. With important resistance levels in 15-minute time frame at 16249, 16275, 16297, and 16325 and support levels at 16182, 16145 and 16118. And major support levels in daily time frame at 16095, 15895, 15678 and major resistance levels at in daily time fare will be at 16405, 16503 and 16588 Below 15678, Nifty will be bearish...
At this time SGX Nifty is 116 points down then it’s previous days closings, and at fib level .786 which may act as support and probably may took a reversal, and then we may see a flat or small gap down for nifty on Monday. But if SGX Nifty breaches its current support level and continue its move then we may expect a heavy gap down of NIFTY on Monday. If NIFTY...
Nifty Futures Key Trading Levels for 19th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...
Nifty50 Key Support & Resistance for 6th Oct 2021 Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...
Nifty Support & Resistance for 29th Sept 2021 After Trending move on 28th Sept may Nifty remain Volatile or rangebound Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone...