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Niftylevels

NIFTY : Support zoneNIFTY is near support zone. now 17300 is very much important for Bull to support. it may be less chances but lets see everything is depend of battle fight between bull & bear. Follow Price action purely and decide your entry. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L"
NSE:NIFTY
by ChartsSpecialist
Morning Mantra - 13th March 2023Dear All, Finally, once again Nifty took a beautiful support at the level of 17300 on Friday. Also the Index made a beautiful bullish reversal pattern , called hammer on the daily chart. Well in our weekly analysis , we are quite optimistic for the market as of now. However, in case Nifty breaks the level of 17300 on closing basis for panic creation , then 17180 will work as a speed breaker in between 17300 and 16800 level. So, keep patience and be stock specific. Furthermore, as of now, 17800 will once again work as a strong resistance for the market. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 8th March 2023Dear All, The last 2 trading days were indeed amazing for the bulls , as we had got to observe a beautiful bounce back of approx 500 points from our stated support level of 17300. Moreover, as we have witnessed in the last couple of weeks, the level of 17800 has emerged as a magical level for Nifty , which has simultaneously worked strongly as a Support and Resistance. Furthermore, on Monday itself we had clearly mentioned about 17800 as a level of resistance for the Index and the same was accepted by the Market itself , as it made a high of 17799.95 , followed by a major supply from the stated level. So for now, let's keep our fingers crossed for a positive breakout of 17800 level , for 18170 and 18400. Until then, continue being stock specific and keep following the Cherry Picking strategy . Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 10th March 2023Dear All, Our stated level of 17800 had once again shown its magic as a level of Resistance , as it made a high of 17772.35, yesterday . Wherein, not being able to crossover, we had observed a major supply in Nifty therefrom. Well currently, as per the day chart , we are expecting a minor bounce back in Nifty for today. So, it will be better to consider Today as a no trade day and to wait and watch for some clear indication from the market, since today is the last trading day of this week. Furthermore, we are still with our words, that due to this consolidation in Nifty, now the levels of are 17800-18170-18400 . While on the lower side, below 17300 we can expect 16800 . So, as of now, continue being stock specific and keep following the cherry picking strategy. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
2
Morning Mantra - 9th March 2023Dear All, What a beautiful day it was yesterday. Wherein after a gap down opening we had observed a remarkable bounce back in Nifty, yesterday itself. Moreover, a perfect rounding bottom pattern is now clearly visible on the day chart. Besides, finally we are on the edge of 17800, wherein it is quite acceptable that above 17800 on closing basis we can see another fresh move in Nifty towards 18170 . Therefore, until then let’s keep our fingers crossed for this positive breakout and let’s continue being stock specific and following the cherry picking strategy, as of now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Nifty : Target done Nifty view shared before few days when it was trading near support. now its touch its target. Now it can open positive & close negative on Monday or we can again see one swing in Nifty and then it is possible to give good move positive move in Nifty. Tuesday is holiday. possible, it will take swing by Thursday. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing First Learn and then remove "L"
NSE:NIFTY
by ChartsSpecialist
Morning Mantra - 6th March 2023Dear All, We have got 2 positive takeaways from last Friday. One was a beautiful bounce back from the level of 17300, and the other was observing the hammer formation on the weekly chart of Nifty. Well, as we had already stated in the Friday's Morning Mantra that this time after observing a closing of above 17300 level, we can expect to witness a sharp recovery in the Market. Likewise, we did observe the same on the last Friday itself. Furthermore, now the level of 17800 will once again work as a strong resistance level for the Market. Above which, the levels of 18170 and 18400 will be the crucial ones. Besides, with the support of 17300, following the Cherry Picking strategy will be the best methodology as of now. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 3rd March 2023Dear All, Once again the level of 17300 worked beautifully, yesterday. Well, this can be a good opportunity for us, as a level of strong support for upcoming rally. Today is the last trading day of this week, and we are quite positive to witness a bullish reversal candle on the weekly chart. If Nifty gives a closing of above 17300 today, then we can expect a sharp recovery in the Market in the upcoming weeks. In the meanwhile, continue being stock specific and can follow the cherry picking strategy for now. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 2nd March 2023Dear All, Thankfully Nifty supported the bulls once again, as it made a perfect bounce back from the support level of 17300, yesterday. Moreover, on a positive note, we had also witnessed a beautiful recovery of approx 150 points from Tuesday’s (28th February, 2023) closing of 17303. Well for now, we are still with our words, that 17800 will once again be a strong level of Resistance for the Index. Besides, till 17800, we will continue to consider 17300 as the support level on closing basis. So, continue being stock specific as of now. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 20th February 2023Dear All, It is from back to back 3 weeks, that we have been witnessing the positive green candles on the chart of Nifty. So overall, we can state that as of now, there’s a close fight going on between the levels of 18170 and 17800. Therefore, from here, either a breakout of 18170 or a breakdown from 17800, will decide the new trend for the market. Furthermore, above 18170, 18400 will be our next level of target. Whereas, on the other hand, a closing of below 17800 will once again activate the level of 17320 as a support. In the meanwhile, continue being stock specific and keep following the Cherry Picking strategy. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 1st March 2023Dear All, On observing yesterday's Market momentum, we could see that Nifty had made a positive opening at around 17383. Although, it was towards the later half of the day that some selling pressure was observed, and Nifty made a low of 17255. However, just as we have been stating, on a positive note, Nifty supported the bull side by ultimately giving us a closing of above 17300. So, once again we had witnessed the effectiveness of the 17300-17320 levels. Furthermore, we are still hopeful for the Market, until the index is above 17300 on closing basis. In the meanwhile, continue being stock specific until the announcement. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTY
by alokdaiya
8
Morning Mantra - 28th February 2023Dear All, Yesterday was a wonderful day for the Market! Wonderful in the sense that it was quite predicted about the level of 17320 or 17300 to be a major level of support for Nifty, as of now. Fortunately, we got to witness the same, as Nifty took a wonderful support at around the level of 17300 and had ultimately given us a closing of 17400 approx, yesterday. So, as of now, just like we had stated yesterday itself that if Nifty takes a wonderful support at 17300, then we can witness a positive bounce back towards 17800, which will again be a strong resistance level for us. Until then, continue being stock specific and keep an eye on few stocks for some cherry picking. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 27th February 2023Dear All, Finally, once again we had witnessed the importance of the 17800 level in the last week. Wherein, as expected after breaking through this level, Nifty showed us a sharp downfall as it made a low of 17421, on the previous trading day. Besides, just as we had stated in the previous week itself, that Nifty is getting reading for the level of 17320 once again. The same level which was the support level of Nifty, 2-3 weeks ago. Similarly, we can now state that Nifty's range has somehow shifted to 17320-17800 once again. Although we do not want you to panic, but if Nifty breaks this level of 17320 then we can see a further sharp downfall towards the level 16800. So, for the strong side of Market sentiments, the bulls have to at least sustain this crucial level of 17320, for now. In the Meanwhile, continue being stock specific till the next announcement. Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTY
by alokdaiya
predictive analysis of Nifty 50 with Fibonacci RetracementNSE:NIFTY presently at the support zone in between 17500-17350, this zone also being a Fibonacci retracement zone of 61.8% fibonacci level. Expecting some reversal move from hereon tomorrow onwards. All over trend is non-trending to Bearish, so don't expect much rally from here, reasonable Resistance zone would be 18270-18130 in dcb. Pl do your own study before open trade or consult with your financial advisor first, this analysis is only for study purpose, not a trade recommendation.
NSE:NIFTYLong
by biniyoger_swaralipi
Morning Mantra - 24th February 2023Dear All, Yesterday, we had once again observed Nifty’s movement towards the level of 17320. Wherein, Nifty had made a low of 17455.40 and had ultimately given us a closing of 17511.25 Moreover, since today is the last trading day of this week, it will be better if Nifty touches the level of or around 17320, today itself. Otherwise, we might get to witness some panic in the Market in the forthcoming week. Whereas, in the meanwhile, it will be suggested to keep patience and to be stock specific. Levels : 18170-17800-17320 Regards, Alok Daiya (SEBI Registered Research Analyst)
NSE:NIFTY
by alokdaiya
Morning Mantra - 22nd February 2023Dear All, It was a 2nd consecutive day yesterday, where we had observed Nifty taking a beautiful support at around 17800 once again. Besides, we had also seen a beautiful opening from Nifty yesterday. However, after reaching the level of 17920, the index had somehow failed to sustain the level and so consequently we got to witness a closing of just above 17800, once again. Nonetheless, we are still with our words that the level of 17800 will once again be a very crucial level for the Market to finally decide its trend. Moreover, we are still quite positive for the upper level of 18170 as the level of Resistance in Nifty, until it is above 17800. Also, in the meanwhile, continue being stock specific. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 21st February 2023Dear All, Once again Nifty had shown us the magic of the crucial support level of 17800, yesterday. As it made a low of 17818.40 and then had ultimately given us a closing of 17844.60 Well, as we had already mentioned that there’s a close fight going on between levels of 18170 and 17800. So, for now, an either side breakout or breakdown has become very necessary for the new trend identification. However, until then, continue being stock specific. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 17th February 2023Dear All, Just as we had stated yesterday, about being very near to the level of 18170. Similarly, we did witness a high of 18134.75 in Nifty, yesterday itself. Also, finally today is the last trading day of this week, and it is indeed expected to be a crucial one. As so far, we have been fortunate enough to be witnessing a consistent closing of above 17800 for the past 4 trading days. Wherein, if we witness a closing of above 17800 even today, then our support level can be shifted from 17320 to 17800 in the upcoming week. So, altogether, today’s closing will play a very significant role in deciding a direction of Nifty’s momentum for the upcoming week. Whereas, in the meanwhile, continue being specific and keep following the Cherry Picking strategy. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
1
NIFTY VIEWNSE:NIFTY Nifty has given a Break out from falling channel and also taken out the budget day high. The Break out is not at all convincing since the volume is missing. You can read it from the chart that last couple of days of moves were backed by low volume. It is rather looking like a short covering. Going forward Volume profile suggest stiff resistance at (18080 -18120) levels. Caution is advised and it is better not to chase the present up move. You can see that price is now at 0.618 levels and could face some resistance look for a pullback to 0.786 which is at 17800. A base has also been formed there, Which will also offer a good Risk/Reward NSE:NIFTY Hourly time frame VCP pattern is completed and given a break out above budget day high. As mentioned above the break out is not convincing. Wait for a pull back. Good Luck
NSE:NIFTY
by Vasu_devan