Get started

Nifty50_price_targets

NIFTY Double top formation- Falling towards support levelNIFTY is trading in a rising channel at around 12000.00 key psychological level and formed a double top formation which is a clear sign of bearish trend. We can expect short term retracement towards 11625.00 which is a previous high turned support level and the next primary target would be 12400.00. If the 11625.00 level was broken then the immediate downside target would be 11405.00 which is a .50 Fibonacci level. From this level we can expect bullish re bounce. For the past 05 trading days NIFTY was in clear bullish trend. Give us a like if you found useful.
NSE:NIFTYLong
by forexorbit
2
NIFTY bloodbath today, tanks 2.8% | What to expect now?Nifty - Technical Analysis: -Indian benchmark indices had a gap down opening and kept losing ground as the day wore on, to finally end the day around 2.8% down -NIFTY broke 11k in the start and kept falling after -The uncertainty regarding an economic recovery, the unabated rise in virus infections, and today being derivatives expiry day, all contributed to the negativity. With volatility expected to be high, traders are advised to remain cautious. Market - Driving Factors: -M&M, TCS, Bajaj Finance, Tata Motors and IndusInd Bank were among top losers on the Nifty, while HUL was the only gainer. -All the sectoral indices ended in the red with IT and Metal indices shed 4 percent each followed by the Auto, PSU Bank, Infra and Realty indices. -The selling continued on the six consecutive day on the Dalal Street on the back of weak global cues. -IndusInd Bank, Tata Motors, Bajaj Finance, M&M, IOC, UPL, Tech Mahindra were the other prominent losers in the Nifty50 pack of stocks, falling over 5% each. Nifty - Outlook for Wednesday, 23th September: As mentioned in previous posts, NIFTY reached 11k and also broke it with conviction. Weak Global Cues coupled with worrying data points from the US led to a gap down start today even as the re-emergence of the virus rattled the Euro Zone. Indices here saw deep cuts led by TCS & Infosys as both along with RIL were the ones which led the recovery in the last five months. The broader markets were pounded today much beyond the 3% cut witnessed in the Indices. We can expect continue in downtrend with a test of 11k as resistance if it bounces to next level of 10600. Investors can accumulate in their long term portfolios.
NSE:NIFTYShort
by Algokart
1
NIFTY forms divergence! couldn't cross resistance zone Nifty - Technical Analysis: -Nifty ended 88 points, or 0.76 percent, down at 11,516.10. -Technology is the only saving grace and the only sector in green but that too has come off. Key victims today are metals and auto. -Divergence in RSI was observed as NIFTY was unable to cross the resistance zone. We can see selling pressure below 11470 Market - Driving Factors: -Today we saw IT and pharma bucking the weak trend as smart buying was seen across several counters in both the sectors. HNI accumulation was witnessed across cyclicals in todays trade. -Happiest mind more than doubled in its stock market debut, underscoring strong investor interest in IT services firms during the COVID-19 with it's IPO debut. -Dr Reddy's, Zee, HCL Tech, Infosys and Maruti were the top gainers on the Nifty50 index while Hindalco, Tata Motors, Shree Cements, Bajaj Finserv and Bharti Infratel led the losses. -Among sectors, the Nifty Metal index lost 1.4 percent on the Indo-China border tensions while the banking and Fin Services indices fell over 1 percent each. However, Nifty IT and Nifty Pharma ended the day in the green. Nifty - Outlook for Friday, 18th September: NIFTY has signs of selling pressure but IT and Pharma rally kept the market intact. We need to cross below11470-11450 before taking short positions. Any move upwards will test the resistance zone and needs to cross it before reaching upper levels.
NSE:NIFTYShort
by Algokart
1
NIFTY closes above 11500! Check out the resistance levels ahead.Nifty - Technical Analysis: -Nifty closes green for the second day after the big fall on Monday, closing above 11500 indicating stability -Support level at 11400, resistance levels to watch out for ahead: 11600,11660 Market - Driving Factors: -The oil & gas and IT indices gained over a percent while the midcap and smallcap indices added a percent each. -Top Index gainers: M&M (6.10%), Power Grid (3.21%), Tata Steel (2.48%) -Top Index losers: Bajaj Auto (2.15%), Asian Paints (1.41%), Sun Pharma (1.30%) -All telecom stocks trading in the green; Voda Idea up 11%, Bharti Infrate 3% after the AGR verdict Nifty - Outlook for Thursday, 3rd September: NIFTY closing above 11500 is a good sign and it sustained that level throughout the day. Nifty is expected to test the above resistance zone once again, with support at the trendline. Resistance levels ahead at 11600,11660
NSE:NIFTYLong
by Algokart
1
NIFTY falls 2.66%! Check out the opportunity it providesNifty - Technical Analysis: -Nifty gaps up above 11700 but sellers take control as markets fall drastically ending down 2.65% -Volatility index, India VIX, shot up over 26 per cent to nearly 30 levels. Market - Driving Factors: -Analysts are of the view that the reports of the Indo-China border tensions might have spooked investors, pushing them to take some money off the table as the market is at higher levels. -The Nifty sectoral indices were all in the red, led by Nifty PSU Bank index, down 5 per cent. -Rupee ends at 73.61 per US dollar against August 28 close of 73.39 per US dollar Nifty - Outlook for Friday, 28th August: Nifty is testing the lower trendline in the graph, We can expect a small pull back and another test of the trend line. Traders are required to be cautious while investors can book profits if markets move down from here.
NSE:NIFTY
by Algokart
2
NIFTY August Series OutlookNifty Future is Trading in a Perfect Upward Sloping Wedge Technical Pattern as marked on the charts. As rally is mainly driven by the liquidity and Market looks overbought to many of us, but on should take a note that Bulls are in full control and any correction in the Nifty has been used for buying. We can see Gap on the Daily Charts in Nifty and Nifty is likely to fill the Gap before we see any reversals. Immediate Short Term Weekly Support @ 11350- 11400 Immediate Short Term Weekly Resistance @ 11530-11550 Wedge Pattern Resistance Seen @ 11800- 11900 Wedge Pattern Support Seen @ 11250- 11200 Any Breakdown below 11200 On Weekly Closing basis will open the market for the downside and we can see correction in the markets.
NSE:NIFTY
by JustProfitPlay
Nifty is Not in Mood Be CautiousNifty Shows Bullish Trend Today, We are Expecting Big Movement.. Guys Requesting to be cautious with this trend.. This can be trap for all retail investor, We are not saying that Nifty can set this kind of trap for all of us, We are saying that Nifty can show one more down trend with following levels 11320 - 11280 - 11260 -11200 within 2-3 Days.. Don't Take Any Discussion on this level Just Wait for big Break out and 2 Days trend confirmation to enter a trade.. Hope this post will help you to understand nifty trend of next week.. Wish you all happy profit, Thank You, Team UD Trade
NSE:NIFTYShort
by UDTrade
1