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Nifty50analysis

Nifty 50 spot 23532.70 by Daily Chart view Nifty 50 spot 23532.70 by Daily Chart view - 2 nos of Gap Down Openings are closed between 24350 to 25080 level range - 2 nos of Gap Down Openings will get closed in next ATH creations process near ATH 26277.35 - Most probable Support Zone likely at 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 spot 23453.80 by Daily Chart view - Update to old Chart*Nifty 50 spot 23453.80 by Daily Chart view* - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Next fairly strong Support Zone 22500 to 22650 for upside reversal prospective if the above Support Zone is broken - *Old times Gaps to be filled will be a longer shot to expect if markets take a nosedive below 21180 Nifty 50 Index trading range* - Huge Downfall of 04th June, 2024 closed many of the past Gap Up Opening and Gap Down Openings between 21181 to 23338 Nifty Index trading range - Update to old chart shared last week
NSE:NIFTY
by PIYUSHCHAVDA
2
Nifty heading towards 22kDate: 17 Nov’24 Symbol: NIFTY Timeframe: Daily Nifty 50 seems to be in final stages of Wave A of an ABC correction that began in Sept’24. Correction in A could end around 23300 and if it breaks that level, it could even head to 23050-23000. It would then witness a pull back towards 25000 levels in Wave B as seen in the chart and finally Wave C down. Please note this is a possible wave count and Nifty as an instrument always runs on multiple global event risks. Maharashtra votes on 20th Nov’24 and election results are on Saturday, 23rd so it’s unlikely that Nifty will see a pullback or Wave B this week. Investors/Traders in US see lesser chances of another interest rate cut in December meeting so it’s a wait and watch there. This is not a trade recommendation but my humble submission of possible movement in Nifty. Please do your own analysis. And I’ve the right to be wrong. HINGLISH VERSION Aisa lagta hai ki Nifty 50 Sept’24 mein shuroo hue ABC correction ke Wave A ke antim charan mein hai. Wave A mein correction 23300 ke aaspaas samaapt ho sakta hai aur yadi yah us star ko todta hai, to yah 23000-23050 tak bhee ja sakta hai. Jaisa ki chart mein dekh sakte hain, iske baad Wave B mein 25000 ke star tak vaapasee hogee aur ant mein Wave C mein giraavat aaegee. Kripya dhyaan den ki yah ek sambhaavit Wave count hai aur Nifty hamesha kai duniya bhar ki ghatanaon ke jokhimon par chalta hai. Maharashtra mein 20 Nov’24 ko voting hogi aur chunaav nateeje Saturday 23rd ko aaenge, isliye iski sambhaavana nahin hai ki is saptaah Nifty mein pull back ya Wave B dekhne ko mile. US mein niveshakon/vyaapaariyon ko December kee baithak mein ek aur interest rate cut kee sambhaavana kam dikh rahee hai, isliye vahaan wait and watch kee sthiti hai. Yah koi trade lene ki salah nahi hai balki Nifty mein sambhaavit utaar-chadhaav ke baare mein meri vinamra koshish hai. Kripya apna vishleshan khud karen. Aur mujhe galat hone ka adhikaar hai.
NSE:NIFTY
by DhandhaPaani
My personal view on the Nifty 50 spot 235559.05 by Daily Chart v*My personal view on the Nifty 50 spot 235559.05 by Daily Chart view* - 2 nos of Gap Down Openings are closed - 2 nos of Gap Down Openings will get closed in next ATH creations process - Most probable Support Zone 23200 to 23350 to anticipate for upside reversal prospective - Huge Downfall of 04th June, 2024 has closed the past 2 nos Gap Up Opening and 2 nos Gap Down Openings - *Nifty 50 post hitting the ATH retraced and formed a Bearish Head & Shoulders pattern and pretty much has covered the depth by the neckline* - *Based on the Technical Chart Setup, we may now anticipate and expect to look forward for an upside reversal to happen from the Support Zone*
NSE:NIFTYLong
by PIYUSHCHAVDA
NIFTY50 DEC OPTION SWING TRADE IDEA FOR HUGE PROFITNIFTY50 is currently trading at 26075 & trading at new life time high. There are a lot of fundamental, technical & valuation reasons why I am taking this trade. I'm seeing a trading opportunity with very good RR. I am taking long positions in NIFTY DEC MONTHLY 25000 PE at CMP 240 I will add more quantity around 100-120, if comes & Hold with stoploss of 40 Risk in this trade is 140 points & reward is huge. If any external event takes place which is not factored in by local & global markets, Then we can see 10-20% correction easily given current overvaluations. Hence I am taking this trade. I am not taking this trade to hedge my portfolio. I am already sitting at 75% cash & only 25% capital is invested as of now. I have bearish view on market at current valuation & I have 3 months time too which makes this trade a perfect trade with great RR. ENTRY, SL & TARGETS are mentioned in the trading idea. If any panic happens, In that case we may see all targets getting hit. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:NIFTY241226P25000Long
by akshit_official
8
Nifty 50 spot 24339.00 by Daily Chart viewNifty 50 spot 24339.00 by Daily Chart view - Most probable Resistance Zone seen at 24750 to 24875 for Nifty 50 Index - Gap Down Opening of 03-October-2024 got Filled Up and has been Closed - Gap Down Opening of 05-Aug-2024 of 336 points got filled in by downfall of Nifty 50 - 24050 to 24175 decent Support Zone and it seems Nifty reversed tad low from 24073.90 - Nifty 50 Index traversed inside Bullish Rising Price Channel till the end of September 2024 - Currently in Bearish Falling Price Channel but seems taking reversal at Support Zone 24050 to 24175 anticipating upside
NSE:NIFTY
by PIYUSHCHAVDA
Nifty Falls to 20400 by July 2024 ! *** PURELY EDUCATION PURPOSE*** This is a weekly candlestick chart of the Nifty 50 Index, a benchmark stock market index in India, showing price movements over time. Here's a breakdown: Candlesticks: Each candlestick represents the price action of a week. Green candles represent weeks where the price closed higher than it opened, indicating upward movement. Red candles represent weeks where the price closed lower than it opened, indicating a downward movement. Current Market Status: The chart shows a recent downtrend, where the Nifty 50 Index is falling. The most recent candle is red, showing a weekly decline of 2.71%. The latest price is 24,180.80, which is the level where the market closed at the time of the chart. Support Trendline: A blue upward-sloping trendline is drawn, connecting recent lows. This trendline represents a potential support level, where the price might bounce back after falling. Future Projection: There is a green shaded box near the lower part of the chart labeled "Market may come to this zone by July 2025". This suggests that possible decline in the Nifty 50 Index towards the 20,400 - 20,000 zone by mid-2025. This zone could act as a future support area. Context: The chart shows a medium-term view, with the projection implying that after the recent pullback, the market might continue to decline, potentially reaching the projected support level in the coming months. In summary, this chart reflects a possible bearish outlook for the Nifty 50, with a potential target zone between 20,000 and 20,400 by mid-2025, based on the current downtrend and the support trendline drawn.
NSE:NIFTYShort
by jsushant09
NIFTY50 - AN INGISHT FOR INVESTORSSymbol - NIFTY50 CMP 25305 If you are a long term investor, one thing that will help you to decide when to invest - Nifty monthly RSI. As and when RSI moved above 80, markets uniformly correctly (around 20% usually) & as and when RSI came below 40 level, markets uniformly rallied. Now RSI is at 82 Fundamentals are also showing that overall market is modestly overvalued. What you want to do or should you be worried ? tell me in comments below. P.S. : I'm out of all longs & have entered shorts.
NSE:NIFTYShort
by akshit_official
2
Nifty50 Crosses Head and Shoulder Pattern, Resistance at 23895Details: Asset: Nifty50 Index Breakout Level: Nifty50 crossed the head and shoulder pattern Current Level: 24472 Potential Resistance: 23895 Stop Loss: Based on risk tolerance or technical analysis Timeframe: Short-term, dependent on market sentiment and election outcomes Rationale: Nifty50 has broken through a head and shoulder pattern, a typically bearish indicator. The next significant resistance level appears at 23895. The market may see further downside unless positive developments, such as favorable election results, provide relief. Market Analysis: Bearish Pattern: The head and shoulder pattern indicates potential further downside. Nifty50 may continue to decline unless a reversal is triggered by positive news or market catalysts. Election Impact: Election results could play a crucial role in determining the market’s direction, especially in a sensitive period like this. Price Target: Resistance is likely at 23895. If Nifty50 fails to break this level, it may see continued bearish momentum. Risk Management: Adjust stop losses based on individual risk tolerance and technical analysis, especially given the uncertainty around political outcomes. Timeframe: The timeframe for reaching resistance at 23895 could be short-term, but broader market trends and election outcomes may impact the index's movement. Risk-Reward Ratio: The setup leans bearish, with the head and shoulder pattern indicating downside risk. Ensure stop-loss levels are adjusted for volatility. Monitoring the market's response to political and macroeconomic factors will be key for Nifty50's near-term outlook.
NSE:NIFTYShort
by CyborgTradingHub