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Niftyindex

Is it time to be cautious on NIFTY?Some conflicting signals: India VIX has been closing below 20(good sign), occasionally giving a spike scare then abating within the session. Not much buying seen from FIIs/DIIs. In fact the FIIs sold 660Cr and DIIs bought only 112Cr. Yet market closed marginally in green. Is the market being kept afloat for a while? The RSI divergence can be easily noticed on the charts. The NIFTY Futures relative strength against NIFTY has been in a constant decline for four sessions. Nifty is forming a Rounding bottom pattern, but the volumes have been on a continuous decline. (Ideally the volumes should expand while the price approaches the breakout point.) The leading sectors (Metals, Pharma, IT) are not really moving (market breadth wise). We are seeing a lot of failed breakouts. A hard penny environment. The NIFTY looks like a stronger index vis-a-vis S&P500 on Relative Strength. But are we really seeing strength in the broader market?
NSE:NIFTY1!
by raavigeorgian
2
NIFTY 50 INDEX ELLIOTT WAVE ANALYSIS 11 October 2020Nifty is unfolding in a five wave advance from the lows of 10790 where it completed wave4 , within this five waves of the fifth wave it is currently in the third wave of one lower degree and its projected target comes around 12060-70 odd levels which will be 1.618 times wave one of the same degree. Support is placed at the lower end of the channel around 11800 - 11750 levels. The dashed green lower channel is the guiding factor for reversal in near term.
NSE:NIFTYLong
by amitsamar
Warning: Nifty50 above a dangerous levelWarning: Nifty50 above a dangerous level A long Legged Doji, very basics of technical analysis. The long-legged doji suggests that the forces of supply and demand are nearing equilibrium and that a trend reversal may occur!!!! Also, the steep rise can be dangerous, corrections is very much required. 24 Sep = 10800 Levels and 8 Oct = 11900, around 1100 points gain in 10 trading session. You should Trade Safely in this market. . If you like, just hit thumbs up button or comment. . Updated on : 8-Oct-2020 - 7.10pm Disclaimer: Only for learning purpose. - Nse Intraday Stock Trends and Stock Market Tips for more on stock trends and stock market learning
NSE:NIFTY
by UnknownUnicorn5821257
1
NIFTY50- INTERESTING MOVEMENT FOR THIS WEEKI sense a good gap up opening tomorrow and if sustains and crosses resistances as i targeted or respects the resistance It may be a good sign of hopeful recovery of NIFTY Many analysts are predicting a serious fall but i think i may not be more intelligent than them but i think the candlestick pattern and kumo cloud of ichimoku suggests some good bullish strength for tomorrow consider resistances as targets also All the best. Let us see
NSE:NIFTYLong
by ShrithaVanmayi
NIFTY might fall in the coming days.Considering 3 patterns Rising Wedge, Bollinger Band and MACD it looks the NIFTY and the whole Indian Market might collapse. Rising Wedge - The chart clearly shows a rising wedge a break from that too. So knowing rising wedge, it looks like the market might fall in the coming days. MACD - The signal and the MACD line seem too stuck to each and considering the already falling pattern, the line might cross over for a fall. Bollinger Band - The mean line seems to have lost the grip of the candles. If it does happen get a grip it still seems like a falling pattern. It would interesting to see what happens on 18/05/2020.
NSE:NIFTY
by varun7691
!! NIFTY WEEKLY CHART SHOWING EXHAUSTION !!NIFTY WEEKLY CHART SHOWING EXHAUSTION NOTE:- VIEW IS ONLY FOR TRADERS WILLING TO BEAR THE RISK IT IS NOT A TRADE SUGGESTION FOR FUTURES TRADE TRADE MIGHT CREATE TRADES IN OPTIONS SINCE IT WILL LIMIT THE DOWNSIDE VIEW:- RSI HAD GONE BELOW 25 TODAY FOR THE FIRST TIME SINCE OCT 2008 MACD MOMENTUM BAR IS -227 WAS EVEN BELOW THAT BUT MANANGED TO COVER +200/-200 ARE CONTRA ZONES/REVERSAL ZONES EXHAUSTION IN PRICE MOVEMENT IN THE INDEX IS VISIBLE 9950 IS A WEEKLY SUPPORT ACTED AS TRAP MY VIEW ON LEVELS NIFTY BOUNCE EXPECTED 10490 10930 THAT IS STILL 1000 POINTS FROM CURRENT LEVELS STOP LOSS WILL BE OPTION PREMIUM APRIL CONTRACT IS BETTER TO AVOID VOLATILITY DECAY AS IT IS EXPECTED IN COMING WEEKS (ANOTHER REASON FOR MARKET REBOUND)
NSE:NIFTYLong
by manavtechresearch