Get started

Niftyoutlook

Nifty Facing Trend line Resistance but looking strong Nifty is facing trendline resistance zone between 19830 and 19875. Nifty today made a high of 19829 and closed blow 19800 at 19783. Looks like tomorrow again Nifty will try to close above the 19875. If it does we can see further rally till 19992 and 20100+ levels. However crossing this hurdle is little tough. It can become easy if Nifty opens gap up above the trendline resistance. If Nifty fails to cross the resistance the supports at lower level will be at 19751, 19667, 19584 and finally 19498. But overall scenario still remains positive despite the resistance.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Faced Channel top resistance on an Hourly chartNifty retreated sfitly from top of yesterday that was 19875 to close the day at 19765 because it faced the channel top resistance as seen in the chart. This zone between 19816 to 19877 will be tough to conquer however Nifty will make an attempt again to close the week on a high. supports on the lower side for Nifty remain at 19714, 19627 and 19571 (Mid channel Support). Below 19571 the stock can fall to 19527 or 19453 which is a 50 and 200 EMA on hourly chart respectively. Crossing and closing above 19877 will open the gates towards 20K again.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Short-Medium-Long Term View- 13-Nov-23 to 17-Nov-23Nifty Short/Medium/Long Term View- 13-Nov-23 to 17-Nov-23 Nifty closed at 19525(19230 )and touched low & high of 18312and 19550 "Resistance at 19529 ( Fib Resistance) and also inclined resistance show with arrow mark 19550-19450 range" Market exactly followed the resistance provided as mentioned above last week and closed on danteras at resistance ( target) provided at 19550. Market going to be highly volatile, please read the comments at bottom. As mentioned before ( past 1 month) continue to book 30% profit in the high valued stocks and be ready with cash. Banks gave good results except HDFC bank due to merger. Capital Goods and other companies posted average to average results. most of the stock screening shows to buy banks and NBFCs. only few stocks from capital goods and other stocks are showing promising results. pharma stocks gave outstanding returns and it is just starting. Stock Pick based on the Q2 result iand projected growth is necessary. RSI and stochastics levels recoverered from oversold zone in last 2 weeks. Market saw a steep correction 2 weeks before and after hitting the Medium Term Support ( 18800 level) it bounced backto 19550. Nifty- Short Term Nifty need to close deicisively above 19550 and move towards 19800-20000. Resistance at 19692 ( Fib Resistance) Else it will tend to lower down to 19327 support and 19160 ( Fib Support Levels) followed by 19000. Strong Support between 18427 ( Fib 0.5 Resistance) & 18800 Also there is a long term inclined support running from covid low which is around 18400- 18600 shown in the chart. MA 200 is at 18649. Hence buying slowly at these levels for long term can be initiated. Nifty Medium Term & long Term - Market need to decisively close above 20000 to reach 20500 target. Resistance 20000/ 20200 ( Prev. HIgh)/ 20500 below 18427 support, the next supports are at 18274/18000 Oct 23 & NOv-23 Comment : There will be up/down in india atleast till Mar Apr. 19800- 20500 it will be g it will raise up due to elections. Global Situations( War) still ongoing. crude pricehave recovered from steep and lowered to 80$. Same thing happened in 2014, crude price trend, economy related issues till Pre poll survey-Election/ May 2014 and the crude fell after that drastically and economy of all countries started recovering, hence expect more volatality in markets till pre poll survey. As far as results are concerned little average except banks. Companies are affected by interest rates and to move a notch above the sequential previous Quarter ( i.e results are flattening). Q2 & Q3 Results Pre Budget in Feb and followed by q4 results also will give a path. This also will lead to high volatality in coming weeks.
NSE:NIFTY
by karthikss
NIFTY--@Manipulation??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis. Still it has some more bullishness before going to fall...Early shorts (sellers) will be out with this move...Keep safe on bottom demand lies at 360 zone as marked yesterday...if tomorrow comes looks for buy only... .
NSE:NIFTY
by IIT-Trader
3
NIfty50 Levels for 12-11-2023 MuhuratNSE:NIFTY Intraday Levels for 12-Nov-2023 Wizard Levels/Zones >Hey buddy, Wait for the price to close above or below-mentioned zones. Once the price closes above or below, SUPPORT becomes RESISTANCE and RESISTANCE becomes SUPPORT. > If you're following these zones then kindly follow the rules too. Risk management, and Position sizing. > This is my perception of the market so, kindly do your analysis to get more clarity on the market. > These levels might help you guys. As per my view, I'm sharing it with you guys. > This is not a blueprint to happen, so kindly do your own analysis and my view. Thank you for your SUPPORT
NSE:NIFTY
by Financial_School
1
NIFTY -- CONTINUATION OR REVERSAL?Nifty has given a good rally after retesting 18800, and is now approaching overhead resistances. With 50 EMA, 0.618 Level and around 19500, nifty seems to be at a congestion zone where it should consolidate for a couple of days. FED chairman Powell is expected to speak twice this week and should provide with enough triggers for the market to decide the direction of movements. Overall, this consolidation should be healthy to help in the next round of rally after the events this week.
NSE:NIFTY
by DhruvDeora
NIFTY--19500 Is Resistance?? price broken the trendline and retested...then gap down or gap up. we have a strong demand zone at 19360level...price may again rise from this level.. previously 19500 is a strong resistance, if price again acts as resistance in this zone will observe a fall up to 19300 and 19200 levels. otherwise price breaks the resistance and have chances of testing the 19600 and 19700 levels. keep safe before short....wait until it touches the resistance resistance level @19500.
NSE:NIFTY
by IIT-Trader
5
NIFTY Prediction for 9th NovAs we discussed, a neutral view of NIFTY moved sideways the whole day by gaining +36 points. Right now, NIfty is at a really crucial point where it might go from the 19550 to the upside, where it might face the 4H-TH trendline as resistance. Tomorrow's nifty has expiry, which means it might be sideways with high probability. Expiry is likely to end in 19350-19450. Reason: Expiry day for Nifty (Mostly Sideways) 50 EMA day TF resistance to upside. (Resistance) Price > EMAs (Bullish) RSI is 40-60 mostly Sideways. Price action resistance to upside at 19460. PCR = 0.88 (Neutral) (Put:Call Ratio) Verdict: Sideways Plan of action: don't go for option Buyiing. let it make the range and then make iron condor.
NSE:NIFTY
by finnova_
Nifty prediction, Will Continue the Bullish trend?As Nifty has been continuously increasing for the past four days, it has been purely seller day. The market is consolidating in a range of 70-80 Points. We have performed Top a top-to-bottom approach where we see a trendline that is marked over the chart. Nifty seems to touch the 19550 levels by this week's expiry. Reason: Price > EMA(13,50,200) (Bullish) Golden crossover (Bullish) PCR = 1 (Bullish) RSI > 60 (Bullish) 200 EMA support downside. Verdict: Bullish Plan of Action: Sell PE on lower Points. Don't go for option Buying based on the last four days moment.
NSE:NIFTYLong
by finnova_
NIFTY--Head & Shoulders Pattern ??I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis. Nifty is at important zone of resistance...If price fail to take the support at 19360 levels again and falls below this level, we have a chance of H & S pattern, keep safe before long.
NSE:NIFTY
by IIT-Trader
4
NIFTY INDEX OUTLOOKNSE:NIFTY Nifty 50, in the hourly chart, is in the final leg of correction, forming a zigzag corrective pattern of 5-3-5. It has completed wave 3 of wave C at 18837.85. A triangle pattern is in formation in wave 4 of wave-C, which can go up to 19315 - 19360 region. For major correction to complete, Nifty 50 is likely to form a new low of wave 5 of wave C between 18740 - 18640, where it also has gap support. CRUCIAL LEVELS INTRADAY: 19244, 19235 DAILY:19195, 19125
NSE:NIFTY
by mindfulanalytics
NIFTY--19000 or 19300I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:NIFTY
by IIT-Trader
4
Probably a diagonal pattern? or 1.2&1.2Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
NSE:NIFTYLong
by mehdi47abbasi79
2
NIFTY--Inverse H&S PatternI am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:NIFTY
by IIT-Trader
7
NIFTY detailed Prediction analysis for 2nd Nov NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. A trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week. Reason: 200 EMA Resistance (Good Resistance) (Bearish) Price Action Resistance (Red Zone upside) (Bearish) Yesterday Heavy selling presure Price < (13,50) EMA (shows bearish) PCR = 0.68 (mild Bearish), MAX Pain = 19100 RSI < 40 (Bearish) Verdict: Bearish Plan of action: as its expiry it might be sideways. so play based on levels
NSE:NIFTYShort
by finnova_
US FED Pause can give the Market a much needed Booster doseThe market was crumbling under the pressure of crisis in the Middle East since last few days but the news of US FED Pause in the rate hike can give the Market, a much needed Booster dose. The things can turn positive from here because of the news mentioned above as well has market respecting the support zone between 18985 to 18839 zone. Last 2 to 3 days have seen a consolidation of sorts, which can charter the path or market recovery. Important resistance levels for Nifty will be 19094 and 19230. Above 19230 the major resistance level will be near 19472.
NSE:NIFTYLong
by Happy_Candles_Investment
NIFTY Prediction today 1st Nov 23NIFTY was quite Bearish yesterday as we discussed the levels and trendlines respected quite well. a short trendline is broken to downside and selling presure was more to downside, by looking of the trend yesterday nify seems bearish for this week. Reason: 200 EMA Resistance (Good Resistance) (Bearish) Price Action Resistance (Red Zone upside) (Bearish) Yesterday Heavy selling presure Price < (13,50) EMA (shows bearish) PCR = 0.75 (mild Bearish), MAX Pain = 19100 RSI > 40-60 (Sideways) Verdict: Bearish Plan of action: look for initially 15 min. follow the trend. Sell high levels.
NSE:NIFTYShort
by finnova_
NIFTY S/R LevelsI am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:NIFTY
by IIT-Trader
5
NIFTY--19100 Or 18600 I am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:NIFTY
by IIT-Trader
8
Recovery from the big jolt on Monday expected but slowly.As depicted during the weekend a fall was expected. Now recovery from the big jolt on Monday expected but slowly. The supports will be tested again and the recovery might not be as smooth as expected by many investors. As you might have seen FIIs and DIIs were net buyers in the current fall then why the market crashed? Mostly it was due to rush of retail investors who were holding the market. The knee jerk reaction to the Middle East crisis was there to be seen in the market and difficult times might not be over as chances of further escalation is a clear and present danger. Supports For Nifty: 19213, 19029, 18867 and 18826. Resistances For Nifty: 19331, 19477 and 19684.
NSE:NIFTY
by Happy_Candles_Investment