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Niftyindia

Nifty - Possible long from 17420 and short from 17730-17770NIfty has given breakout on the downside from the consolidation zone and moved towards 17500, took support there and finished the week at 17600. It is highly unlikely that downside is over and that it may open with a gap up scenario even if global cues are positive. A flat open is not tradeable as Nifty might move to upside or downside and no way of knowing what it might do. Scenario 1: - NIfty opens gap up then it can possibly take resistance from 17730-17770 zone and continue its downward movement back to 17500. Highly unlikely to open large gap up tomorrow even if global cues are positive. Scenario 2: - Highlighted circle is the breakout area for NIfty from which it embarked upon a massive rally. Nifty did not go till that particular level and hence there is a chance it might give a false break below the week's low and try to trap retail traders and then take support from 17420-17450 region and then give a huge move. This is possible in case of a gap down scenario and does not mean downside is over because it should fill the gap till 17320 but probably not tomorrow. So a short maybe not initiated below 17493 but if 17400 breaks then for sure it will take support at the gap area of 17310-17340 region. 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:NIFTY
by DashSam
16
Blasting analysis for nifty again for 27/01/23😎Nifty will gap-up or show a strong upside rally if it wants to go down side then it should take a deeper pullback so be aware of that and then it may come down and show us some correction. Nothing more for today. Just simple analysis if it happens i will trade otherwise I can avoid if market performs against my analysis. Use small sl according to your risk management or capital Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice
NSE:NIFTYLong
by pn202377
Nifty at a Turning Point: Buy for Short-Term ProfitThe Nifty index is currently trading at a critical support level of 17764.10. Our technical analysis shows that if the index breaks above this level, it could be a good opportunity to buy for a short term. The stop loss for this trade should be set at 17512, as a break below this level could indicate a change in trend. The first target for this trade is 18016.20, which is a key resistance level that the index has struggled to break through in the past. If the index reaches this level, it could be a good opportunity to take profits. The second target for this trade is 18183.75, which is a key resistance level that the index has struggled to break through in the past. If the index reaches this level, it could be a good opportunity to take profits. It's important to note that technical analysis is not a guarantee of future performance and it is always important to conduct your own research and make your own decisions. This report should be used for informational purposes only.
NSE:NIFTYLong
by EntryandExit
Nifty Index Reaching Resistance - Time to Short SellThis report aims to provide a technical analysis of the Nifty index and a recommendation for short selling the index in the short term. The analysis is based on the latest charts and indicators and is intended for investors and traders who are looking to capitalize on market movements. Background: The Nifty index is a stock market index that represents the performance of the 50 largest companies listed on the National Stock Exchange of India (NSE). Analysis: The Nifty index has been in an uptrend for the past few months, but recent price action suggests that the index may be reaching a resistance level. The index has been trading around 18132 levels, and a breakdown below this level could signal a short-term trend reversal. The technical indicators are also pointing to a potential short selling opportunity. The Relative Strength Index (RSI) has been trending lower, and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed below the zero line, suggesting that the trend is losing momentum. Furthermore, price action on the chart shows that the index has reached a resistance level and is showing signs of a potential reversal with bearish cand formation. Recommendation: Based on the analysis above, we recommend short selling the Nifty index if it breaks down 18132 levels, with a stop loss of 18208.80. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back. The target 1 is 17976.35 and target 2 is 17824.35. Disclaimer: It's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. It's important to conduct your own research and analysis before making any investment decisions and always consult a financial advisor before taking any action. Conclusion: In conclusion, the Nifty index appears to be reaching a resistance level, and technical indicators suggest a potential short-term trend reversal. Therefore, short selling the Nifty index if it breaks down 18132 levels with a stop loss of 18208.80 and target 1 of 17976.35 and target 2 of 17824.35 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term.
NSE:NIFTYShort
by EntryandExit
2
Nifty - Bullish/Bearish scenarios both possible for this weekNIfty in the previous week formed another doji candle with further range compression. This follows continued inside candles that it has been forming for last 3-4 weeks indicating a lot of indecision in the market. It encountered resistance from the upper trendline and is now resting on 38.2% retracement of the current rally. The Option chain indicates huge call writing at 18100 and 18200 which indicates huge resistance. 18100 PE has not gone away completely and there is not a lot of writing that happened on 18000 or even 17900 PE making the bearish scenario more possible. FIIs on the other hand have bought both Puts of 62k and Calls of around 71k. Although overall outstanding OI of FII has calls of 1.45 L and Puts of 3.08 L indicating bearishness. Two probable scenarios for this week: - 1. Bullish case - Nifty is currently in a HH and HL trend and is currently seeking support at the psychological number 18k and also the previous Swing High. Global cues have turned positive with US markets staging a rally on Friday. So Mon open might be positive. Nifty is also at the 38.2% retracement of current trend of Low of 17774 and High of 18183. For Nifty to continue its bullish momentum it needs to break the downward sloping trendline and move decisively above 18100 which would indicate that the bullish rally is about to begin. 2. Bearish case : - Nifty could not cross the downward sloping trendline and has fallen by making a large red candle on 1h/4h chart and currently taking support at previous swing high. It has broken below EMA 20 and EMA 50 and has also closed below SMA 20 on the Daily TF. Two possible ways it can continue its further downmove is either it breaks 18k tomorrow in the morning (unlikely) and then takes support at 1730-17950 region and tries to retest 18k again and then goes and breaks the 17930 region which will confirm the LL and LH case. It is plausible because of the global cues that it opens positive tomorrow but encounters resistance at 18060-18100 region and then breaks 18k. This would again confirm the LH and LL pattern and it could move towards 17860 or 17770 tomorrow. 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:NIFTY
by DashSam
Nifty may show a good 😀...See the chart above for a clear view scene 1 & 2 is given that what should we can do on monday . Just take after a good higher high or lower low situation with proper sl according to your capital Disclaimer: This is for informational purposes only. It is not intended to be a solicitation or an offer to buy or sell any security or instrument or to participate in any particular trading strategy. The views and opinions expressed here are personal. The information contained here has been obtained from sources believed to be reliable but is not necessarily complete, and its accuracy cannot be guaranteed. I may have positions in the securities or instruments shared as ideas. Do your own research OR consult a financial advisor for personalized investment advice
NSE:NIFTY
by pn202377
Technical Indicator Report: Short the Nifty for Maximum ProfitThe Nifty index has been in a strong uptrend for the past few days, but recent price action suggests that the index may be reaching a resistance level. The index has been trading in a range between 18132 and 18214.70, and a breakdown below 18132 could signal a short-term trend reversal. The technical indicators are also pointing to a potential sell-off. The Relative Strength Index (RSI) has been trending lower and is currently at overbought levels, indicating that the market is overbought and may be due for a pullback. Additionally, the Moving Average Convergence Divergence (MACD) histogram has crossed below the zero line, suggesting that the trend is losing momentum. Furthermore, price action on the chart shows that the index has reached a strong resistance level and is showing signs of a potential reversal, with bearish cand formation. Recommendation: Based on the analysis above, we recommend short selling the Nifty index if it breaks down below 18132, with a stop loss of 18214.70 and a target of 18049.65. This strategy aims to capitalize on a short-term trend reversal and capture potential profits as the market pulls back. However, it's essential to keep in mind that the market is highly volatile and unpredictable. Therefore, it's recommended to keep a close eye on the price action, and use stop loss and take-profit levels to minimize risk and maximize returns. Conclusion: In conclusion, the Nifty index appears to be reaching a resistance level and may be due for a short-term pullback. Technical indicators and price action on the chart also suggest a potential trend reversal. Therefore, short selling the Nifty index with a stop loss of 18214.70 and a target of 18049.65 is a recommended strategy for traders and investors looking to capitalize on market movements in the short term. It's important to conduct your own research and analysis before making any investment decisions, and always consult a financial advisor before taking any action.
NSE:NIFTYShort
by EntryandExit
Nifty Confirm Targets For Friday Importent Support and Resistance For Nifty Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 18010 - 18020 Second Support Zone For nifty50 – 17910 - 17920 Third Support Zone For nifty50 – 17790 - 17775 Resistance Zones For Nifty50 Intraday Trading First Resistance Zone For Nifty – 18170 - 18180 Second Resistance Zone For Nifty – 18286 - 18300 Third Resistance Zone For Nifty – 18445 - 18455 Importent Signal from Nifty Option Chain PCR ratio as per Option Chain Analysis – 1.4 ( Bulish / OverBought ) Max Pain As per Option Chain Analysis – 18100 Major Support as Per Nifty Open Interest Analysis – 18000 Major Resistance as Per Nifty Open Interest Analysis – 18300
NSE:NIFTY
by manojshinde27