Globally we are seeing a good uptick in the market since few days but panic selling in NIFTY has brought it crashing down near major support levels. On the monthly chart drawn here. We look at the major supports on a Fibonacci scale from where NIFTY can bounce back. Major Fibonacci Supports from Current levels are: 18013, 17472, 17036 and finally 15976. Below...
Markets Plummeted after US Federal Reserves increased interest rates by 50 bps and further announced more tightening till inflation falls to 2% in US. More than 50 bps hike it was this Hawkish posture that led to meltdown in global indices. Although India looks like one of the brightest glowing stars globally both on Micro and Macro levels, we cannot totally...
NIFTY is facing stiff resistance near its new peak of 18887.6. Global cues are not supporting and Nifty is looking for support. It will be fair enough if Nifty comes down slightly searching for support. Outcome of Monetary policy meet started this week is expected around 7th December. We also have upcoming Assembly Election results which can defy Global cues and...
Markets after making new high is looking for consolidation and support from where they can further launch ahead. US FED softening their stand on rate hike gave wings to global market but Jobs data from US and below expectation number of Indian GDP weakened the Bull run and turned the market negative. Another reason was profit booking by FIIs and other...
Markets globally are looking positive due to noises growing within US Fed for loosening of the hawkish grip and slowing down of the rate hike tantrum. Sensex already made a new high and Nifty has given its highest ever monthly close last month and highest ever weekly close this week. Things right now are looking good but last week of the month can bring in some...
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....
Market got a boost by the better than expected US Inflation numbers. Hoping that Federal Reserve US will either halt or milden their hawkish stance to control inflation Global markets have reacted positively. Indian market was no exception and rallied upwards. FIIs are also buying Indian equity again and Dollar index is getting weaker which can strengthen Indian...
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 trying to break free from the bear grip on the basis of Global rebound seen around the indices across the globe. Real bullish break out in true sense will be when Nifty is able to break out and sustain above 17435 on weekly closing basis. Support for spot Nifty will be at 17026, 16888, 16749 and finally 16461. Resistance for spot Nifty on the...
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 has started the week on solid footing and current global positivity can help nifty scale new heights. For gaining further ground tomorrow Nifty will have to close the day above 18000 levels. Failing to do so we can see little bit of consolidation too. Support and resistance levels are as under: Supports for Nifty: 17800, 17659, 17424 and finally 17204 (in...
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,...
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...
17166 proved to be good support in weathering Powell storm. After taking a support at this range we have seen a bounce in Nifty which is nearing it's critical 50 hours EMA resistance. It can also be seen in the chart that this zone is mid channel resistance for the channel ini which Nifty is travelling from around 10th of june. Immediate Supports and resistances...
Nifty has given a strong rebound after a weak start on Monday morning. There are Three Resistance zone in its path ahead as shown in the chart under the names of R1, R2 and R3. The support Zones for Nifty are indicated as S1 and S2. R1= 17591 to 17796 R2= 17796 to 18117 R3= 18117 to 18608 S1= 17168 to 16800 S2= 16800 to 16400