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Niftyindia

Is Nifty About To Resume Bearish The Movement?Nifty has started its indecisive movement again. Triangle is the best example of a choppy correction , and the break of the structure can give us an excellent opportunity for trading decisions. Price Action Perspective: Currently, the price is at the control line of the parallel channel. Traders are getting trapped in the choppy move of the market. It is hard to take swing decisions due to indecisive movement. If you are waiting for a good swing trade, you can consider the range of 17400 - 17000 . If the price sustains below 17000, traders can expect good selling up to 16900 - 16821 - 16769 below. But safe buying is only possible above 17400, and it can go up to 17600 - 17768 - 17843+ . I will update further information soon.
NSE:NIFTY
by forextidings
13
Nifty view for 04/05/22.Nifty has consolidated and gave a bullish break out in the last trading hour. The market has closed on a bullish note and can remain green tomorrow. Nifty has closed between its 20 and 200 ema on daily time frame. It has closed above its 20 ema on 15 minute time frame and has consolidated for a while. Support :- 17010, 16940, 16900 Resistance :- 17090, 17150, 17210 The markets are volatile and same volatility can remain this week. Wait for the price action near the levels before trading the markets.
NSE:NIFTY
by Mambotrade
Nifty Waves - 1st Wave Extension - 3rd May 2022 - UpdatedHi, As per my earlier analysis on Nifty dated 27th April 2022, I had put forth the theory of 1st Wave extension. As of today...it seems Nifty has obliged with all the rules and the correction which started from the top of 18350 on 18th January 2022, has completed on 2nd May 2022 or might complete in coming 2 days. **This view stands negated once Nifty starts trading below 16800. Bullish Scenario : If the correction is over, we can expect one more upmove towards 18500+ by September end or by october this year. Bearish Scenario : If 16800 is broken, and nifty starts trading below it, we might have a bigger correction on hand, which might take nifty to around 14700 to 14000 levels, but it would be a roller coaster ride, which might take around 300+ days of correction. My view is of bullish scenario, will take another view by wednesday or thursday for better understanding. Disc : For Educational Purpose Only. Neo
NSE:NIFTYLong
by neostockmatrix
Nifty view for 02/05/22.Nifty has been trading in a range and has formed an inside candle on weekly time frame and has closed below the 20 ema. On a daily time frame, market has formed a bear engulfing pattern and seems bearish. The markets on the last trading day had dropped around 1% in a single 15 minute time frame. The market on multiple time frame has closed below the 20 ema. Support :- 17090, 17000, 17950 Resistance :- 17150, 17210, 17320 The market has been volatile and can remain the same for the coming week. Wait and watch for the price action near the levels.
NSE:NIFTY
by Mambotrade
NSE NIFTY Rebound Change Of Trend Or Just A Correction?Nifty has been forming a downtrend channel for 140 days . After creating excess on the descending channel, the price has surged sharply. Price surge stopped between the range of 17110 – 17144 . It connotes that nifty can give a big move after the breakout of the parallel channel. If the Nifty breaches the upper band, we can expect 17365 – 17562 – 1760 . The breakdown of the lower boundary can drive the nifty up to 17026 – 16955 – 16880. Otherwise, nifty will be the value area until it breaks these levels.
NSE:NIFTY
by forextidings
3
NIFTY FOR UPCOMING WEEK 01 MAY TO 05 MAY 22Hello everyone this chart technically measured and filtered by team INFINITYX. POSITIVE:- 1. PCR- Monthly 1.16 Weekly .86 2. HDFC, RELIANCE, TCS BULLISH. 3. Russia Ukraine war may finalise soon. 4. Good GST collection expected. 5. CRUDE OIL PRICES STABLE. NEGATIVE:- 1. World market closed negative. 2. Rising US BOND. 3. Crypto currency’s closed negative. 4. War still on. 5. Rising inflation. 6. Rising COVID. 7. GDP. LEVELS FOR WEEK. STRONG RESISTANCES:- These 3 levels for week and 1 for month⬆️ 17188 ⬆️ 17549 ⬆️ 17950 ⬆️Max upside for May month 18927. STRONG SUPPORTS:- ⬆️ 17003 ⬆️ 16835 ⬆️ 16620 ⬆️Max down for the month 15520. SMART PICK FOR MONTH:- Go long with. 1. SUNPHARMA LTP 927, TARGET 1060, SL 887 2. PVR LTP 1880, Target 2230, SL 1820 Go short with. 1. GNFC LTP 827, target 716, SL 853. 2. ASIAN PAINT, LTP 3237, TARGET 2967, SL 3306. HOW TO TRADE WITH CHART:- 1. Wait to break any side level mentioned on chart let close 2, 15 minutes candle above or below. 2. If bullish then closed above if bearish then closed below. 3. Keep in mind 3 levels should be in a row. 4. Go for next level. NOTE:- 1. Soon we will get registered with SEBI. 2. We have positions in above mentioned stock. 3. If you interested with above mentioned SMART pick you can consult with your financial advisor. 4. Trading is subject to market risk. Learn about market risk and reward b4 trading. 5. If you want to check our accuracy you can go through our 250+ chart. 6. If you want to learn indicators, chart formation, candle stick, Greek, etc. it’s totally free you can visit our workshops. Greetings. Eid Mubarak and happy trading, have profitable week.
NSE:NIFTYLong
by INFINITYIV
11