NIFTY50-pain in short term & reward in long term ....NIFTY50 : 23572.30
NIFTY is in Primary Bull cycle phase (on weekly charts) and in middle of Wave -3, which should take the NIFTY at levels of 33k-43K & finally 55K in next 2 years’ time frame .
On immediate basis (on daily chart basis) chart structure suggest it has entered Intermediate level
About Nifty 50 Index
NIFTY 50 is the main index for the National Stock Exchange of India (NSE). It tracks the performance of the top 50 stocks by market capitalization from 13 sectors of the Indian economy. With such a relatively small number of companies within the index it still represents over 60% of the free float market capitalization of the stocks listed on NSE, and serves as a benchmark for fund portfolios and index funds. The list of the NIFTY 50 Index constituents is rescheduled every 6 month.
Nifty View Bounce and Break !Hello mates sharing a view on Nifty on daily time frame, So as we can see that after a good correction form all time highs now price reached to 200 Ema so let's discuss what are the probabilities we can see from here.
Current View-: So it look like that price is taking support from 200 Ema as in ye
Nifty Nov Short Strangle StrategyCurrently Nifty is following a descending channel. If the channel holds till November expiry, then one can benefit from entering a Short Strangle with 23000 PE and 23850 CE for November expiry.
Point & Figure Charting method Noiseless charting I have made efforts in Displaying the current market pattern and upcoming Trend
this entire chart description is based on the method called wave Theory
if you have any Questions please comment i will try to answer it
Thanks
Nifty Intraday Analysis for 18th November 2024NSE:NIFTY
Index closed near 23535 level and Maximum Call and Put Writing near CMP as below in current weekly contract:
Call Writing
24000 Strike – 45.81 Lakh
23600 Strike – 28.89 Lakh
23500 Strike – 25.62 Lakh
Put Writing
23000 Strike – 34.00 Lakh
23500 Strike – 33.23 Lakh
23600 Strike – 23.56
Nifty Big fall Ahead Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels.
Current Market Sentiment:
Bullish outlook as long as Nifty holds above the
NIFTY Bullish Harmonic Nifty 23520 after corrective wave from 24300 to 23500 there is EMA support, Trendline support, RSI oversold and bullish harmonic pattern can bounce as impulsive till 23750,23940,24100
#Nifty directions and levels for November 18th.Good morning, friends! 🌞 Here are the market directions and levels for November 18th.
Market Overview:
There are no significant changes happening. The global market is showing a moderately bearish sentiment (based on the Dow Jones only), and our local market is also exhibiting bearish sentiment. T
NIFTY is in Falling ChannelNifty at Falling Channel bottom area
Support 23350 & Resistance at 24050 (Channel Top)
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of Nifty 50 Index is 23,329.10 INR — it has risen by 0.28% in the past 24 hours. Track the index more closely on the Nifty 50 Index chart.
Nifty 50 Index reached its highest quote on Sep 27, 2024 — 26,277.35 INR. See more data on the Nifty 50 Index chart.
The lowest ever quote of Nifty 50 Index is 279.00 INR. It was reached on Jul 3, 1990. See more data on the Nifty 50 Index chart.
Nifty 50 Index value has decreased by −2.92% in the past week, since last month it has shown a −4.65% decrease, and over the year it's increased by 17.92%. Keep track of all changes on the Nifty 50 Index chart.
The top companies of Nifty 50 Index are NSE:RELIANCE, NSE:TCS, and NSE:HDFCBANK — they can boast market cap of 199.07 B INR, 173.20 B INR, and 157.81 B INR accordingly.
The highest-priced instruments on Nifty 50 Index are NSE:ULTRACEMCO, NSE:MARUTI, and NSE:BAJAJ_AUTO — they'll cost you 10,939.20 INR, 10,875.00 INR, and 9,497.95 INR accordingly.
The champion of Nifty 50 Index is NSE:TRENT — it's gained 145.06% over the year.
The weakest component of Nifty 50 Index is NSE:INDUSINDBK — it's lost −35.02% over the year.
Nifty 50 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy Nifty 50 Index futures or funds or invest in its components.
The Nifty 50 Index is comprised of 50 instruments including NSE:RELIANCE, NSE:TCS, NSE:HDFCBANK and others. See the full list of Nifty 50 Index components to find more opportunities.