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Niftylong

Nifty - 26300 or 27135 or 28165Nifty has moved above the inverted head & shoulder neck level indicating further up move and possibly for a Target - 26300 or 27135 or 28165 Hope and wish RBI cut rates or support the markets in some form helping the bulls. This is positional view and one may expect these targets in 30 to 45 days or more. Move could be quick in case RBI decisions support the markets. Once the confidence emerges all the money which went out could enter at higher levels for medium to long term investment opinion. Price should remain above the neck line. In case of any SL hunting price must move above neck line for bull run to continue. our markets has turned to be short sellers paradise so option selling is only safer and profitable for positional view.
NSE:NIFTYLong
by venkatfx
Nifty - Bullish and taking a very major supportNifty after breaking multiple support levels now it seems to be taking major and crucial support. This support indicating a new ATH from here. Already big players has accumulated and even started giving higher level targets and buy targets for major Nifty shares. This level has come only at the cost of weak hands and short selling and not a bigger selling at all. At every dip DIIs has only accumulated the stocks. So Nifty is sure Buy as positional view. Most of the top Nifty shares are sure sure Investment. Its all Gold Mines.
NSE:NIFTYLong
by venkatfx
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 Bearish Trend EMA50 Testing Weekly corrected 2400 points Posted Chart on 29th september that Nifty Near to Channel Resistance with RSI overbought and small negative Divergence, Price is 2000/4000 point away from EMA 20/50__after every trending move price is reverse to its ema line(MEAN reversion)+ also if making of flag then sideways to small correction can expect_____ Now after Retest Of EMA20 on weekly Nifty Still facing selling Pressure from higher levels now previous swing low is broken EMA50 is nearby 23300 and channel support at nearby 22700. ' USDINR at lifetime high @84.40 overall negative momentum.
NSE:NIFTYShort
by finvestalgo
1
Nifty Swing Trade Levels Long/ShortNifty is currently trading at 25,856 and is down 1.23% as of today - Nifty has a bullish Fair Value Gap of 25,600 and that might soon get filled - Nifty was printing highs back to back and this euphoric rally had to fade off hence the bloodbath - As long as the market structure stays intact and doesn't shift the bias will remain bullish - Don't be a perma bull as well or try to find long setups in every dips accept the structure and don't do anything against it
NSE:NIFTYLong
by VKtradesimbalance
Nifty is looking Bullish and can hit 23900 and 24600Reason for Going Long in Nifty: Wave Analysis: Nifty is rising gradually in a 12345 wave pattern after a quick crash on June 4th. Wave 4th was a time-wise correction and spent one week in a small range. Target: The 127% Fibonacci level is our first target. If Wave 5 extends, we can aim for 24600 too. Stop Loss: We will exit the long position if a 1-hour candle closes below the Ichimoku Tenkan-sen (TS) and Kijun-sen (KS), which is around 23450. If prices closes below 23400 then we have to recount it as a wave B and we can go for a Wave C down move. Weekly and Monthly Fib channels also suggesting long. Disclaimer: We are not SEBI registered. The content presented here is based on our personal opinions. Conduct your own research and consult with a qualified financial advisor before making any investment decisions.
NSE:NIFTYLong
by WaveMoku
1
05 Jun 2024 - Nifty50 Reversal or 61.8% Fibonacci retracement?No, I am not denying the credit to Nifty50 to have rallied 735pts ~ 3.36% to have a beautiful green today. I just drew the Fibonacci levels from the peak point of 3rd June and the bottom-most level of Jun 04 - the results are in front of you. 23.6% levels @ 21796 had some action 38.2% levels @ 22091 (quite near my 22051 SR level) had a stronger action 50% levels @ 22329 (quite near my 22295 levels) also had significant touchpoints 61.8% levels @ 22567 (quite near my 22519 levels) is where we closed today I would not prefer to change my stance to bullish yet. The best I could think of is to go neutral and see how these levels are holding up for the next 1 week. The resistance of 22781 may be the game changer according to me. And honestly, we are back at the levels just before the exit poll results. 3 violent moves would have shaken out a sizeable crowd of traders. It takes courage to even hang-on.
NSE:NIFTY
by viswaram
28 May 2024 - Still Bullish on Nifty, 22781 laxman rekhaAfter we had a slightly red day, i am not changing my stance to bearish yet. I would prefer the 22781 critical support to be taken out before going short. I still believe N50 is catching its breath after the 1100+pts run from 16th May, but the moment we fall below 22871, we are going below the previous ATHs and that could prove quite tricky. In the last 2 instances i.e. on 10th Apr, 3rd May we had noticeable corrections - so the base case to go bearish may be profitable.
NSE:NIFTYLong
by viswaram
22 May 2024 - Nifty still upward looking, bullish tone continuesReliance and Infy were the major contributors to Nifty's GREEN show today. This happened at a time when the Banks were taking a huge beating. Finally, it came out good for the bulls as the 22519 resistance is now broken safely. The next target is the ATH and then I am not quite sure how much more we can go from there. Lok Sabha election results are coming up in 2 weeks and the markets are getting prepped up for a massive one-side move. The stance continues to be bullish above 22519.
NSE:NIFTYLong
by viswaram
NIFTY : The tentative stage of a market melt-up stage PROB#2.1This analysis represents a modified view of the chart analysis initially published on TradingView on March 1, building upon the insights provided in my previous assessment labeled "NIFTY : The tentative stage of a market melt-up stage in PROB#2". The modifications take into account evolving market conditions and additional data, and it is important to recognize that market dynamics can change rapidly. Please be advised that this updated analysis is subject to inherent uncertainties and should not be considered a standalone recommendation. It is highly recommended to refer to the original assessment labeled PROB#2 for a comprehensive understanding of the initial insights. Users are encouraged to exercise caution and conduct their own research before making any trading or investment decisions based on this modified view. Remember that trading and investing involve risks, and past performance is not indicative of future results. Always stay informed and consider your individual financial circumstances and risk tolerance. NIFTY and other market charts were analyzed in their raw form: THE CURRENT STAGE In October-November 2023, NIFTY exhibited a broadening pattern. Typically, such formations, following coiling, break either upward or downward. When formed at the top, it is generally considered a reversal pattern. However, in November 2023, it broke upwards and precisely reached the target measured to the R point (maximum width between 4 and 5 in the broadening formation) in January 2024. Subsequently, I evaluated whether, after reaching target R, NIFTY would experience a significant drawdown similar to BANKNIFTY, as depicted in the chart below. This outcome is a probable result after reaching the target. Currently, NIFTY has moved out of the pennant coil, a continuation pattern. It is expected to make a move towards the 25200 levels (measured from 4 to R pole length), approximately 14% from the breaking point of the continuation pattern. This is anticipated to be achieved within the current year. BANKNIFTY, upon reaching the minimum range target R in the broadening formation (attained by measuring the minimum width between 1 and 2), experienced a significant pullback back into the broadening pattern, as indicated by the orange trajectory line. This is a typical outcome of broadening formations, where reaching the target forms a strong resistance (R) and encounters substantial rejection. As of now, BANKNIFTY has formed a W pattern (dotted orange trajectory line), and the W target, approximately 4.8% towards the previous resistance, is currently in progress. NIFTY CHART LINK: BANKNIFTY CHART LINK:
NSE:NIFTYLong
by madhusudhan_arjun