Nifty daily analysisMarket closes in range
- breakout on either side, we can buy/sell
- if big gapup/down, we will se further price-action
Niftyoutlook
Most Important Levels for the month of July 2022 for Nifty are: Most Important Levels for the month of July 2022 for Nifty are as under:
Support Levels: 15863, 15781, 15550, 15372 and 15181. Below 15181 we can see a free fall till 14485 or even 13875.
Resistance levels: 15950, 16166, 16350 and 16809. Above 16809 we can see Nifty rising to 17050, 17172 and 17200 levels.
Today's Closing will be very critical.
NIFTY Daily Analysis: 4thJuly2022 NIFTY trading b/w 15600 -15900Hi Traders/Investors,
NSE:NIFTY is trading between a small 300 point range n break on either side would trigger sharp volatility.
UPSIDE momentum looks strong in NIFTY as well as Bank NIFTY.
There is a Supply Zone between 15900 to 15930, which can act as first line of resistance tomorrow if there is not a gap up. There is a gap on UPSIDE between 15900 - 16170 levels, watch out for that tomorrow, it might get filled.
Chances are NIFTY might reach to 16100 levels pretty quick if the Bulls take charge on it anytime soon, 16172 is a crucial resistance level on UPSIDE.
On Downside, NIFTY can take support from Demand Zone between 15700 - 15660.
Regards,
Anshul
Nifty daily analysisMarket is in range.
if nifty opens sideways then breakout we can buy on first candle with SL below it
if nifty opens gap up/gap down - we will se further price-action
we will not sell unless it goes down below 15680
Nifty daily analysisIf market opens flat then after breakout we will buy.
if market opens gapup we will se further price-action
if market opens gapdown then chances of volatile market is high but if make price action below 15630 then we will sell
Nifty Trade Setup for 01 July. 2022Nifty 50 Index finished a choppy session flat on Thursday, as gains in select financial stocks were offset by losses in the IT, metal and auto sectors. The index closed its rangebound session on a negative note, the monthly expiry day for June F&O. India VIX (Volatility) cooled down a bit to 21.84 levels, but still above the crucial 20 mark which can favour bears and create discomfort for bulls going ahead.
India USD – 2Hr TF
After giving a false breakout, the Index has been consolidating inside the range of 15,950 and 15,650 levels for the last 1 week. Hence, a directional move is unlikely to emerge unless the index comes out of this range. The index is taking support from the dynamic trendline and is facing multiple rejections on the upside forming an ascending triangle pattern. A fresh uptrend rally is possible if the index breaks out and sustains 15,950/16000 levels and the index can test 16,300. However, if the index fails to sustain the previous swing low (15,650), it can fuel a downfall to 15350/15,200 levels.
Monthly closing of Nifty was not bad. (Monthly Closing Update). Monthly closing of Nifty was not bad and above 15500 levels despite spreading global gloom. However it does not show we are out of troubled waters. All is well till we are above 15500 levels. Below 15500 levels there are two major supports. One is recent bottom near 15180 levels. If this is by chance taken down in July we will be left with a major strong Fibonacci support near 15038 as you can see in the chart. Below 15038 we have major supports at 14485 (likely bottom in view of many experts) or 50 months EMA near 13571. On the upper side major resistances remain at 15800-950 range and above it 16300-400 range. Above 16300-400 range we can move swiftly to 16800 or even 17300 in the medium term.
Nifty tomorrow can again try to clear critical resistance. Nifty will again try to test and break the resistance between 15800-15930 range. If it is successful we might see Nifty go up to 16150 to 16400 range. In case Nifty is not able to clear the important hurdle, we might see it testing the supports again. The evident supports for Nifty are at 15680, 15622 and finally 15559. Falling below 15559 will take Nifty towards 15200, 15180 or lower.
NIFTY Daily Analysis - 29th Jun 2022 - IndecisiveHi Traders/Investors,
NIFTY is looking quite neutral as this point, waiting for the news on US GDP data.
NIFTY took support from the Trendline in the morning and also closed exactly at the same Upward trendline.
On UPSIDE, strong resistance is from SELL ZONE between 15927 - 15927 levels, crossing which it would go for Gap filling from 15927 to all the way till 16175.
On DOWNSIDE, There is a big Buy zone between 15690 - 15610 levels.
Regards,
Anshul
NIFTY Daily Analysis 29thJun2022 -NIFTY Futures showing strengthHi Traders/Investors,
Today NSE:NIFTY1! gave a perfect closing on the Upward trendline in GREEN in chart.
Depends on how US markets respond today, they're pretty indecisive as they and the whole world is waiting for US GDP data which would come tonight. Depending on it, if US Markets responds in a positive mood, then we would rally as well.
NIFTY would most likely take Support from this Trendline, if it does then it might quickly go UPWARDS to touch Sell Zone of 15900 - 15940.
NIFTY on DOWNSIDE, if it breaks the trendline in morning or open Gap Down, can quickly touch Buy Zone of 15635-15520 levels.
Regards,
Anshul
NIFTY Weekly Analysis: 26th June. SHORT before LONG!Hi Traders/Investors,
I see NIFTY on Friday 26th 2022, couldn't close above 21st June's High price of 15707 and secondly it closed below 15700.
I know DOW and S&P500 both closed well in green with more than 2.6 - 3% on Upside.
But when I see NIFTY chart and Open Interest in the system, there are lot more Calls in system than Puts. Also, if I see FII data they sold more than 2000crores on Friday as well.
So, my trade for next week would continue to be on the downside, I don't see Bullish signs yet in NIFTY as NIFTY gave close to half it gains from High it made on Friday.
This might sound like a contrarian view against general views, but often markets do quite the opposite of what masses think. I hope I'm wrong but if I'm right you'll thank me later! :)
So, the two trendlines which you see in the chart, I'm expecting if market opens flat and then the red trendline break out on good volume on upside, I might add some LONGs.
BUT, if its a big Gap-up opening, I might add SHORTs at 16000 and 16200 levels. Remember these are positional calls and not Intraday.
Please take positions at your own risks and these are not Buy/Sell recommendation but my personal view on markets.
Regards,
Anshul
Medium Term Market (Nifty) Outlook. Nifty confirmed support at 15180-191 range and pushed ahead. Time will tell if this is a temporary or permanent support but for now a closing on Friday above 15650 levels is a good sign for now. Closing above near term resistance of 15750 would have been even better but current closing is also not bad. Support and resistances in the near term are as under:
Nifty Resistances: 15750, 15880, 16030 and finally 16174. Closing above 16174 can further strengthen Nifty and send it towards 16400 and finally 16785 in the short to medium term.
Nifty Supports: Supports for Nifty can be seen near 15622, 15500, 15368 and finally 15182. Below 15182 only major support is near 15050. Below 15050 we can see a free fall towards 14500/14300 or even 13700-800 levels in very unlikely circumstances.
NIFTY End of Day Analysis - 23rd June 2022 - BULLISH ViewNIFTY can continue upward trajectory as its following the Upward Trendline and may face resistance from whole Sell Zone, specially at 15887 level and if it crosses this then it would be a sharp rise to 16172 for Gap filling
On Downside, today's low would act as support 15367, if it falls next support is at 15150.
Nifty50 is in Strong Downtrend momentumNifty50 is in strong Downside momentum
1. Nifty50 is forming lower high pattern which indicates market is in downtrend
2. ADX shows the short-term uptrend is weak and its show the maximum strength in downside
3. RSI is in oversold region; RSI will rebound, and Fall after Nifty reaches 15890
4. I am expecting a rejection over above 15886 level and then Nifty will create a new lower high as shown in the above chart
5. Usually in Downtrend market there will be short rally but in every short-term rally there will be huge selling
Finally,
1.Traders please focus on capital protection rather than making profits as this market is highly volatile and sideway
we need a proper confirmation in the nifty50 chart for further move so wait till nifty reaches above 15886.
2. Reduce your trading activity and wait for confirmation
Personal Advice: {if you see any rally in the market try to take short position as uptrend is very weak}
See you guys on other technical analysis idea
Thank you for spending your valuable time over here Guys
if you want to ask any question and doubts
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- Varun Raja V.K
Disclaimer
Above said points are my opinion and thoughts and its only for Educational Purpose
I am Not an SEBI registered advisor so consult your SEBI registered advisor before doing anything
NIFTY Daily Analysis - 23rd June CUP & HOLDER formationNSE:NIFTY forming a perfect Cup and Holder pattern on charts.
Top of the 15710 makes for a crucial Make or Break levels, as NIFTY can either continue upward momentum and cross the top of CUP and HOLDER, or can fall back sharply from here.
I would wait for either scenario to happen and take LONG or SHORT positions based on it.
Nifty Forming a temporary base? Or start of new bullish phase?Market is trying to form a bottom or at least a temporary bottom near 15184 levels. Crossing 15676 is the key. If this level is crossed the next resistance will be near 15887. Crossing 15887 will open the doors for 16300, 16796 and if all goes well 17300 levels. On the down side if 15184 is broken the only support will be at 15050. Falling below 15050 will unleash the bears and we can see the NIFTY fall to 14700 or lower levels.
NIFTY shied away touching SELLZone, still looks weak on Daily TFNSE:NIFTY NIFTY made a pretty good Directional move on the UPSIDE.
It touched 15700 and from there some selling came in. It almost reached our SELL Zone which is still intact.
NIFTY might face huge resistance in this Sell Zone between 15730 - 15950 levels, specially at 15887 level from where the last big fall came in.
On Downside, 15460 level is a major Support and if it breaks next level on downside would be 15157 levels.
Nifty trying to form a base above 15184 levels. Nifty gave a good closing today despite mayhem continuing in broader markets. Supports for Nifty are at 15180 levels and below that at 15050 level. Resistances on the top side are 15429, 15647 and 15887. If 15887 is crossed we can see a rally upto 16158 levels. This would be considered if it happens as relief rally only. We are not yet out of sell on rise market sentiment.
NIFTY Daily 20June, Its hanging on a thin thread of 15157 levelsNSE:NIFTY is currently in a make or break situation currently. Today's market move was not very decisive on Upside despite NIFTY closed in Green.
If NIFTY manages to hold this position of 15157 lvl and consolidates for next few days, only then we would see a good Upward momentum.
On Downside, if NSE:NIFTY breaks 15157 on high volumes, then it would be a free fall for NIFTY, until BUYZONE shown in Green.
Nifty is loading for next up moveThe index is trading within 200 points range.
Let one 15 min candle close out of this range for breakout confirmation either side.
Potential target will be 200 points as it is 200 points range.
#nifty
Nifty 50 Support and prediction levelsNext support level for nifty. Rebound is going to come from somewhere between 15310 - 15120 - 14900 level. This rebound will take nifty to level of 16000-16400 and next 3 months nifty will spend between the 15300-16400. By Sep - Oct nifty will make bottom at 14400-14300. There are lot of reasons technically
1. 20% correction from the top comes at 14900.
2. 15120 stands at .78 fib series of short term chart
3. Support level at 15300
Trading range after that would be 15300 - 16400. 16400 has been strong support level in the past which will become its resistance. Meanwhile nifty will struggle to cross 15700-15800 which will be very strong resistance on short term charts.
In near term nifty will time-pass between 15200 - 15800 range. This might go on for next 3 months i.e till sep. By sep a fresh and last round of downfall will lead nifty to level between 14380 - 14130 - 14000 and that is where nifty will start it's pullback rally. Rational behind it is:
1. 14380 is at .382 Fib series on long term charts.
2. Never in past nifty has breached .382 on long term charts
Nifty 50
nifty50 has broken the range on daily tf (time frame)
it is now also below the ichimoku cloud on the week chart
expecting nifty to bottom out at 15200 - 15150 (50 points range)
for the target of 16000 .
Nifty in search of bottom. NIFTY is in search of Bottom which might be around current zone to 15590. if 15590 is broken we may be heading for a sub 15K bottom near 14779 range. 14779 can provide a very strong support on the lower side and on the upper side now 15900, 16200 and 16400 will be strong resistances. Short covering that might come after bottom formation will be very fast and ruthless. Global sentiments are week and some positive news on Crude / War / Inflation and stability in Supply chains will only help the market settle down and release the panic valve. Markets are falling in line with international indices falling. India in a long run is set to benefit from scheme on things. Short term out look is negative but long term outlook on India still remains bullish.
