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Niftyindia

Nifty daily analysis for 15/03/23.Nifty has been trading in a bearish territory and is weaker than the other index. It has formed a doji after touching the round number figure of 17000. It has been forming lower high lower low formation and has consolidated in a narrow range in the second half of the trading session. On the hourly time frame, the market has been trading far below the 20 ema and to continue the fall it will once touch the moving average. If there is any negative sign near the moving average, a sell trade can be initiated with good risk to reward ratio. The market has been taking rejection from the 20 ema, on 15 minute charts and has also given a false break out of the moving average. Support :- 17000, 16860, 16790 Resistance :- 17070, 17190 The supports are near and if these supports are broken down, nice selling market can be seen soon. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 14/03/23.Nifty has fallen around 400 points from the day high. An bearish engulfing candle has been formed. The moving averages are close enough and will form a bearish moving averages cross over in the coming sessions. On the hourly charts, the market touched the 20 ema and reversed, giving close below the recent low of 17260. The markets are bearish in short to medium time span. Sell on rise is what we will look for in this kind of a market. Even on 15 minutes charts, market remained for selling, the first candle gave some upside move and after that there was a huge sell off. Support :- 17130, 16950 Resistance :- 17250, 17450 The market is in bearish momentum. Let the market show some recovery and sell on rise will be preferred. Wait for the price action near the price levels before entering the markets.
NSE:NIFTY
by Mambotrade
Nifty daily analysis for 07/03/23.Nifty has formed an gravestone doji taking resistance from 17800 levels. The market gave a gap up opening and tried to hold the levels but during the second half of the market, there was a selling after taking rejection from the levels. On the hourly time frame, the market has closed near the 200 ema but has closed 117 points higher. The market has created a huge gap and can to fill it in coming session. Nifty remained strong filling the lag of few days with the other indices. The market took bullish move but slowly lost the gains, consolidating and closing below the 20 ema on 15 minutes time frame. Support :- 17670, 17610 Resistance ;- 17800, 17900 wait for the price action near the price levels before entering the markets.
NSE:NIFTY
by Mambotrade
NIFTY, March 6, 2023NSE:NIFTY 17600 act as resistance, wait for breakout if breakout confirm then our target is 17750-17800. 17450 can act as support level consider shorting below this level, next support is on 17300. FIIs activity : 03 Mar (Friday) Calls bought and Puts sold in Huge Quantity FIIs Index Future +₹3,938.3 Cr buying SGX Nifty: positive closed Dowjones: Positive closed Happy trading :) Rana Sandeep Singh Analyst, Trader, Investor Detailed daily index analysis at in.tradingview.com
NSE:NIFTYLong
by starkwelt
Nifty weekly analysis for 27/02/23.Nifty on the weekly time frame has closed below the 20 ema and formed an evening star pattern on the higher time frame. Market has consolidated for 2 weeks and given a fall after the consolidation. On the daily time frame, the market has constantly taking resistance from the 200 ema and given a close below it. Though, it has taken support from 17440 levels, but still markets look bearish. Nifty has given a break down and a retest of the levels. The RSI indicator is also showing some bearish divergence on the higher time frame. The market on 15 minute time frame, has closed below the moving averages and near the 20 ema. Support :- 17430, 17330 Resistance :- 17480-500, 17590 The market has given a fall and consolidated this week which is good for traders. It can give good move either side but will prefer to trade bearish trades more often as the overall scenario looks bearish. Wait for the price action near the levels before entering the markets.
NSE:NIFTY
by Mambotrade
NIfty - Pullback is due after continuous bearish momentumNifty has been bearish for 7 continuous sessions which is not sustainable and a pullback is due. It is currently at a confluence of multiple support areas which is 38.2% retracement of the whole move from 15183 to 18887, trendline joining the recent swing lows of 16747 and 18353 and also the Covid trendline if you join the close of the week of Mar end and 15183. Bullish signs: - 1. Multiple trendline supports 2. Budget day low of 17353 and gap zone of 17311-17353 should provide support. 3. 1hr RSI showing signs of divergence. 4. 38.2% retracement area of the move from 15183 to 18887. 5. CNXIT staying above 30500 Gap down/Flat: - If Nifty does open below 17500 or gap down it should first move lower to the support area of 17310-17350 but expecting a strong reaction from here and the pullback is expected to last 17650-17700 in the next few days. If bearish momentum continues Nifty could move down to 17100-17150 where there is gap support and also the 50% retracement area of the whole move. Happy Trading and Best of Luck!! Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own research before entering into a trade.
NSE:NIFTYLong
by DashSam
Nifty daily analysis for 21/02/23.Nifty on the daily time frame has closed below the inclined trend line. If it crosses and starts trading below 17800 levels market has test the recent low. On the hourly time frame, the market has consolidated in the last hour after a fall forming doji. The market is showing bearish sentiments. There is a bearish moving averages cross over, on 15 minutes charts, and the market can retest the trend line before another fall. Enter a bearish trade if there is a negative candle near the resistance level or trend line. Support :- 17800, 17335 Resistance :- 17880, 17940(fib level) Wait for the price action near the price levels before entering the markets.
NSE:NIFTY
by Mambotrade