Get started

Nifty50analysis

Morning Mantra, 8th March 2022Good Morning! Just as we had much clearly stated in yesterday’s Morning Mantra, that if Nifty fails to sustain above the level of 16200, then we can expect the levels of 15850 and 15580 to become active once again. Similarly, we did witness that after a gap down opening at around 15867 yesterday, nifty had ultimately given us a closing at around its predicted level of support of 15850 (i.e., 15863 approx). Moreover, as per our past experience, it seems that the worst is over now. So, Cherry picking will be a good idea at this level. However, we will be more aggressive in the market once after we witness a stable closing of above 16200. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Morning Mantra, 3rd March 2022Good Morning! Once again, the importance of the level of 16800 was witnessed in the Trading Session, yesterday. Where, on being unable to cross over and give a closing of above 16800 on Monday, Nifty made a low of around 16478, yesterday. In addition to which, we can see the difficulties that the index is facing to stably cross above the stated Level of Resistance. Thereby, a closing of above 16800 will be the only hope for the bulls, as of now. So, until then stay cautious and avoid being too aggressive in the Market. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
Nifty Daily AnalysisNifty 50 is seeing a deep correction since a while. On fundamental terms the action is happening around Russia-Ukraine news flows, now talking on the technical terms the Index is trading in Regression Trend Channe l. Currently price is trading around lower levels of the channel from here on key levels to watch out is resistance at 16850 if that gets clear then we can see bullish momentum for upcoming trading sessions. However the market is highly volatile these days so avoid carrying overnight naked positions.
NSE:NIFTY
by karan_bagri
Can we see the new ATH in NIFTY?No doubt that market will be highly volatile ahead of Budget Summary 1) As of now you can see that Nifty is trading in one particular (white) channel in which it had given a breakout in past and made an ATH of 18604.45 Channel width is 1,566 points. 2) In the chart there are 3 EMA's 10 is red, 20 is green, 50 is blue. 3) There is also a Red channel which has a width of 430 points which given a breakdown and achieved the target easily in 3 trading sessions. 4) Biggest technical support of Nifty is the channel line in which it is trading and Physcological support, for now, is 17K closing basis. 5) On a daily timeframe nifty is weak. Reason- 10 EMA given a negative divergence and crossed 20 and 50 Ema. On the other side, Bannifty is very strong and has seen very good buying volumes in all banking stocks. 6) Nifty IT is oversold and expecting some recovery in it and Banknifty is so strong that it can also pull nifty up. 7) This view will fail if nifty gives 2 consecutive below the channel. Till that time Nifty is buy on dips and ready to make a new ATH. Note: Please don't create postions according to this view. This is just aview trade on levels.
NSE:NIFTY
by RameezShaikh03
10
Nifty50 views for next few days/ weeksCurrently, Nifty is trading around 17800. The last couple of days has been a bit of sideways creating a range from 17630 - 17940. The market could trade in this small channel sideways until it breaks this range. As of now, the highest OI is at 18000 on the call side and at 17500 on the put side for the next week expiry. This will act as resistance and support respectively until either of them breaks. The bigger range could be seen ranging from 17500 - 18100. The next resistance zones shall be at 18300 followed by as high as 18600. The next support zones shall be at 17350 followed by 17175.
NSE:NIFTY
by vishalnnd
NIFTY50 INDEX ANALYSIS FOR 04 JAN 22Hi everyone, Nifty50 index analysis & view for tommrow and this week, recently nifty50 index has given correction of 2,200 points+ and now it is testing it`s major resistance level 17,650 price may correct from here, but if sustains above 17,650 then index can go upto it`s all time high 18,600 (level identified from harmonic xabcd pattern). looks like trend is going to change if sustains above 17,650 downtrend will be invalid & new uptrend will start. NSE:NIFTY
NSE:NIFTYLong
by UnknownUnicorn30938178