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Nifty50pricetrendanalysis

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
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
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
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 - Weekly Index Analysis - 9th July #nifty50 NIFTY50 Update (as on 9th July, 2024) - Here's an updated analysis on a Weekly Time Frame - As mentioned, if the Nifty rises above these levels; then keep booking your profits in time. Holding your capital is better than holding onto an unnecessary extended loss - Since Nifty is at a psychological level we need to start being extremely cautious and mindful about our portfolio holdings - As always, please keep your SL in play for new positions and for exisiting positions keep your TSL tight - If there is a correction that happens and you'll are sitting on capital, then choose your swing trades wisely at supports zones and position size mindfully - And always remember that corrections are good and should be welcomed for bigger growth and stronger upward moves - India's Growth story will still be on track * Disclaimer Become Emotionless & Trade Ryte #nifty50 #weeklyanalysis
NSE:NIFTYLong
by TradeRyteStockz
NIFTY50 - Weekly Index Analysis - 15th June #indices #nifty50NIFTY50 Analysis Update (1W TF) - 15th June, 2024 - Trading outside the channel as of now - The Resistance & Support Zones are marked out - This should help choosing our Swing Trades as well If you are in FOMO: - Then ensure to choose stocks that are at Weekly support levels only - Do not jump into falling knives which are away from their support levels Note: The charts will be updated as we go along. But please ensure to keep your Risk Management in play constantly for any and all swing trades. * Disclaimer
NSE:NIFTYLong
by TradeRyteStockz
Nifty montly chart analysis for Month of April 2024.Nifty is around the ATH and there is profit booking at the higher levels. The market is spending time near the high and last week too it has test the ATH. Seller are there in the higher levels and closing of the weekly candel is dicey. Higher time frame is showing some RSI bearish divergence and market is forming grave stone doji on the daily charts. Monthly charts has not formed a red candle still and is forming doji after doji which still shows no clear bearish indication. But the price is trading on the higher levels of the bollinger band. Market participants be cautious as there seems to be a bearish month ahead. This being the election year may remain volatile till the election results. Spike may be seen in this month or the next one either side. Trend is still bullish and doji on the higher levels may indicate a reversal after a price action formation. This month was a volatile one and market didn't settle either side. There was days when market has moved more than 400 points. Last day move, is the only trending move in last 2 weeks, closing 180 points lower from the day high. Price action is needed to be formed around the higher levels on higher time frame to confirm the trend.
NSE:NIFTY
by Mambotrade
NIFTY50 - WEEKLY ANALYSIS - 15th April #indicesNIFTY50 (1W TF) UPDATE - 15th April, 2024 Pattern: ASCENDING CHANNEL - Reversal at the top of the Weekly Channel Resistance - Done ✓ - Might expect more of a fall in the Indian markets, mainly due to the US markets sell-off on Friday - Geo-political tensions due to the Israel-Iran conflict might also have some repercussions - Volatility is going to be high - Support Levels have been marked out Going forward with any Swing Trades: - DO NOT jump into falling knives - Watch higher time frames for more accurate entries - Anyone going short on any stock, please hedge your positions - There is and will be a lot of volatility over the next 45-60 days. Until then, we need to be doing the following: ✓ Keep SL's in play for existing positions or trail your SL ✓ Ensure your position sizing is as per your rules ✓ Keep risk management in play at all times And most importantly, if the market is giving you decent returns in any trade: ✓ Then book your profits and ✓ Hold your capital Always remember: - We can live to Fight another day; but ONLY if we are in a POSITION to do so So Capital Preservation is Key !! . . . Become Emotionless & Trade Ryte #nifty50
NSE:NIFTYLong
by TradeRyteStockz
2
21 Feb ’24 — First Real Threat for Bulls Today - Nifty50Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “On the 63mts TF, N50 is still looking strong — we would keep our first support level(weak) at 22051 and the main support at 21913.” 4mts chart Bulls were roaring and seemed like the entire territory was under their control and then suddenly from nowhere, we got a flash crash. Nifty50 hits a new ATH of 22249 and then falls 252 points ~ 1.13%. Yesterday we talked about the shallow support at 22051, it was interesting to see the 14.39 RED candle just did not respect that level and fell aggressively. After hitting a low of 21997 we had a pullback of 101 points, but that got sold into. The closing was strongly in favor of the Bears. Technically Nify50 has just fallen 141 points ~ 0.64% and even after that, it is still bullish on the higher timeframes. We need to really find out what was the reason we had a flash crash today - it did not feel like a profit-booking stunt. It appeared more like a news/event released to a selected few participants. Since Nifty50 fell below our support line, we had to reverse the stance back to neutral. In case Nifty50 climbs back up tomorrow and hits a new ATH, today’s move will just appear as a blip, and the stance will go back to bullish. On the higher timeframe, Nifty is below the 22051 resistance and above the strong support of 21913. If the Bears are planning for another attack tomorrow just like the one we had today - then we strongly feel that the 21913 level should be tested and even broken. Ideally, the opening 1st & 2nd candles will give away the directional trend. Interestingly, BankNifty did not participate in the downward trend today, most likely it may be attributed to the expiry and the aggressive positions taken by the smart money. Anyway, we will get to know by tomorrow if the Bears are back or not. 63mts chart
NSE:NIFTY
by viswaram
Nifty moving in a channel on hourly chartNifty is moving in a channel on hourly chart and seems like contraction which can take it either side. Upside after 21140 the sky is open but on downside there are many supports like 21840-21800 and followed by 21740 are strong support numbers. 21730 is monthly expiry since last 2 months and hence not easy to break. Till the time Nifty is in this tight range OTM option buyers will loose money, though with time the support line is pushing nifty upward.
NSE:NIFTY
by brainyAccount81243
Nifty 50 analysis and targets for coming weekNifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside. On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but chances are shrink for the up move. 1. Strong gap up and struggle at levels 22140 or small gap up and struggle in the range 21960-21900 will be opportunity to short. 2. flat open and weakness then below 21800 can be short opportunity 3. Gap down and pull back to the range 21800-21840 will be another short opportunity 4. Big gap down and pull back to 21740 will be another short opportunity check price action, weakness must be observed before going short or short with strict stop loss so that if it does not see resistance at the said level then short from next higher level
NSE:NIFTY
by brainyAccount81243