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Niftylongterm

NIFTY - Move towards Life high of 18900 likely Monthly squeeze settings up and firing long on Nifty Index Nifty has been in a 2 year consolidation patterns and finally looks strong It reversed back from 18900 last time as it was overbought - this time its not. And almost all market gurus are pessimistic and forecasting lower Nifty levels Buy September 18000 - 19000 call spread for just INR 400 (thats barely 150 rupees of time value) - Target of INR 1000 with downside of 400 Risks would be if market breaks down on some geopolitical news
NSE:NIFTYLong
by kunal_finner
2
NIFTY50 trend analysisNIFTY50 index has approximately fallen 1500 points from all time highs of 18900 levels and a possible reversal is coming from major support areas of 17200 to 17000 , there maybe a start of another rally towards all time highs and also towards 20k levels in the index . A good bottom formation and a breakout of highs can give confirmation of a trend change , so for now nifty is highly possible to reach levels of 17200 from current price and am expecting a rally from 17k-17200 levels NSE:NIFTY
NSE:NIFTYLong
by sniper1290
Nifty will touch it’s all time high by December 2022 ?Hello All, We can see a clear flag and pole is forming in weekly timeframe. I expected that Nifty and Banknifty both will breach their all time highs in the latest bull rally. But due to global market conditions Indian markets also affecting. Last week we saw bearish view in first 4 days but Friday rise alone tallied the entire week after RBI announced the 50 bps hike. In long term Nifty/Banknifty both are rising only in that case we are having the correction phase now. As per the Flag and pole pattern breakout has happened and Friday move was look like retest. If the bulls take over again then we can see the all time high even before December. On the other hand US markets are falling like anything and touching new lows on day after day. This view is purely for knowing where the market is going to be in coming weeks. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:NIFTYLong
by tmvinoth3