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Niftyanalysis

Good Closing by Market but can it continue the momentum?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 Green and if there is no negative news in the budget market can surprise the bears with a sharp rally towards 18400 or even 18800. Keeping my fingers crossed.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty buying or selling?How to trade from now? Nifty Buying only = above 18106. Nifty Selling only = below 18063. It's the analysis with paid atm machine indicator on hourly chart. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺
NSE:NIFTYShort
by OhoTrading
Nifty 30 Jan 23 to 3 FEB 23 Short ,Medium and Long TermNifty 30 Jan 23 to 3 FEB 23 Short ,Medium and Long Term Nifty closed at 17605 ( Prev close 18057) Nifty in Deep Red Zone due to Hindenberg report Adani Stocks befor FPO and budget. Q3 Results didnt entralled the investors to the expectation so far, except Banking sector results. Banking sector posted good performance(results) as mentioned in last 2 weeks analysis but the bank index didnt moved much due to the Indian Market Slow down worry. Expect infra push continues in budget. Currently market is eagerly waiting for budget to prevent any deep fall. Wait for the market to dip to the support levels mentioned below. Overall Strategy: Negative till budget & accumulate on dips w.r.t the strict support level given below. Long Term looks attractive. Market may fall from 2-4 % from current level Nifty short term Nifty was following range bound action for the last month as specified despite budget expectation. Due to the Adani report, market fell down 2.2 % last week. If it breaks below 17435 (Oct22 High Shown in dark Red line) then next support will be 17290 ( MA 200) / 17000. Index will be in broader range with high volatality 17250- 17800 till budget. Investors can Partial profit booking (30%) stocks can be initiated and add value stocks for Long Term when market dips to the above support level. Medium term target 18250 followed by 18900 is achievable as overall macro economic data is good and now purely depends on the push to be given by budget. If the budget is not meeting the expectation then the Market Range will be 16750 ( Sep 22 low) - 18250 levels. Long term target 19500 still in intact. Nifty Bank Index is continuing under oversold zone, Adani stocks exposed stocks like SBI, ICICI, LIC will be consolidating little and opportunity to buy. other bank Stocks like Axis Bank, Kotak Bank, Ujjvan Small Fin bank and BOB looks promising. If nifty moves towards 19500, Nifty Bank will definitely might move to 46500 level from current 42506 little better % than nifty . sectors like Defence, Infra stocks will be concentrated in budget especially HAL, BDL, Ircon, PNC Infra are good to buy on dips ( 5-10% Correction) incase market fall. Auto looks promising - Maruti, M&M , Tata Motors are good to buy. Other stocks - Bajaj Finance ( 5-10% Correction), Infosys, Hind Unilever, Tata Elxsi, KPIT looks promising. Buy on Dips.
NSE:NIFTYShort
by karthikss
Nifty Important levels and trade plan for Monday, 30th JanuaryIn daily time frame, Nifty is in downtrend, and in monthly it is in correction of an uptrend, if without any event in normal condition, we could expect a sideways trend in coming week, but this is not the scenario at present, with budget and other news and events, however we will plan our trades on regular ways, but with very limited quantity up to the coming expiry. Yesterday, Nifty reached 200-day exponential moving average, and in 75-minute time frame, it reached RSI level 20 from where showed some correction with a bullish candle, and based on these two, we may expect some up moves in coming days. For Monday, we have marked the levels in 15-minute time frame for intraday trade, where between 17723 and 17607 will be the no trade zone, Nifty above this level with a price action we can initiate a bullish trade, of course with very limited quantity, and in that case initial target will be at 17850, from where we can expect a proper resistance, and a reversal. But above this level, chances of reversal seem low. And based on price action, we may expect pause near 17950. And reversal from this level will depend on the timing only, On Monday if nifty reaches this level in the first half, then we may expect quick resistance, but if it reaches in second half, then by that time reversal chances will be less. For downward move below no trade zone, we may go for bearish trade. And based on price action, we may expect reversal from all the support levels marked, but yes, OI data doesn’t support this hypothesis. Again, all the support level marked will only work, if nifty starts downside move, on Monday without breaking the 17635 level. ***Personal opinion, not a trade advice***
NSE:NIFTY
by rahulbora11
5
Nifty Next Week. Will it turnaround or tank further? Nifty has broken all but final support in the run up to the Budget Week following the report by an FII firm against Adani group which holds shorts for the same. Although loan books of Private banks and many PSU banks has nothing to do or negligible involvement in the group, the full Bank Nifty has tanked due to a knee jerk reaction by the investors. Although there is nothing new in the report that investors did not know. When investors react in a panic mode at times the stocks having good and great valuation also get beaten along with the High valuation stocks. That is the nature of stock market. It is a spell which at times transfers money from the impatient to the patient. At the same time one should not be fool hardy and inflict pain upon oneself by holding on to the burning coal. The philosophy is intended and most of you will understand what I mean here. 17550 and 17457 are the key supports if broken we might be looking at 17341, 17103 or even 16746 levels. On the upper side in case of a turnaround and good budget the resistances will be near 17762, 17841, 17880 and 17978 before we can hit 18K levels again.
NSE:NIFTY
by Happy_Candles_Investment
Nifty short and long strategyHow to trade from now? Nifty Buying only = above 18106. Nifty Selling only = below 18063. It's the analysis with paid atm machine indicator on hourly chart. 🌈 Advice: 1.) Take reversal trade near these levels, or 2.) Wait for Breakout and Sustainability. 📢 Disclaimer: We are NISM Certified so we don't hold any position in Nifty Future or Options as per SEBI guidelines. Take trades as per your own technical analysis, we are just educating you. We are not using any other indicators for finding out of levels ATM Machine Indicator Levels are plotted automatically. 🙏🏻 Come to Learn, Go to Earn🙏🏻 ✅ We are NISM Certified. ✅ ☔If you find us useful, Please help the helpless near you.☔ ☺Happy to Help.☺
NSE:NIFTYShort
by OhoTrading
Critical Friday awaiting FIIs intervention..As we have seen FIIs are withdrawing en masse, we are nearing the critical support zone of 17857 and 17762. These are 2 critical support where we assume / expect and hope for FIIs to return to buying mode or go into neutral mode. If they return or stop aggressive selling NIFTY can restart its journey into positive zone. In case of positive buying by FII and DII the resistances will be 17963, 18015 and 18136. Tomorrow will be an important day for short term trend. In the long term Macros of Indian economy remain strong. Budget will be detrimental in deciding which sectors will be favoured by investors going forward.
NSE:NIFTYLong
by Happy_Candles_Investment