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Niftynse

Nifty daily analysis for 09/08/23.Market remained in the same range as yesterday and killed option buyer. Nifty for 2 days have been range bound. Today range was 19630-530 and in the second half of the session market remain silent. On the hourly charts, nifty took support from 20 ema and closed above both the moving averages. After a gap up opening market came for selling and reversed after hitting the support zone around 19500 levels. Market has been consolidating for 2 days and time is there for a big move either side. On 15 minute time frame, the market traded around the moving averages and has closed near the levels. Support :- 19535, 19420 Resistance :- 19600, 19720 Nifty struggled to cross 19600 levels and 50% fibonacci levels. It has also hit 19500 levels many time. Break out/down can give good target. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty daily analysis for 08/08/23.Nifty has formed a doji and trade whole day in a range of 100 points. The market is following a rising wedge channel and today has given closing above 20 ema. On the hourly chart, it has closed above both the moving averages. There seems no opportunity for option buyer. Market opened gap up and remained volatile. Fight between buyer and seller couldn't take market anywhere and it closed only 80 points higher. On 15 minute chart, nifty took support from 20 ema and in the second half after crossing 200 ema took support from the level. Both the moving averages are close enough. Support :- 19535, 19420 Resistance :- 19600, 19720 Nifty struggled to cross 19600 levels today and closed below it. The market is giving gap up opening and not giving much opportunity to option buyer on intraday basis. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty weekly analysis for 07/08/23.After a halt candle, market has given a nice fall in this week and recovered some points after a gap up opening. Nifty has closed 130 points lower this week forming a dragon fly doji on the weekly chart. The market fell for 3 days and tested 19300 levels after making a high of 19800 this week. The market is creating a bull trend and this is a healthly retracement for another up move. On the daily charts, market is facing resistance from 20 ema which coincide with 50% fibonacci levels. Market is now making a lower low lower high formation. Bullish trades should be avoided until the price start trading above 19600 levels. For confirm bullish trades enter only when market crosses above the previous swing high. A 2 days fall and a halt after the gap up opening is quite good for the upcoming week. There are chance of market testing another low as sell on rise is the market cycle these days. On the hourly charts, it traded between both the moving averages and closed near the 20 ema. Nifty was volatile and remained in a 100 points range in the last trading session. Support :- 19420, 19300 Resistance :- 19550, 19730 Nifty too has formed a new ATH of around 20k and is trading around 19500 levels. The round figure levels can act as support or resistance. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
Nifty spot chart analysis for 20.02.2023Nifty is standing just inside a strong resistance of 17976. if nifty moves above 17976 then it may also cross 18020 and may reach to the level of 18067. between 18067 to 18111 is an Extremely strong resistance. if nifty crosses over 18111 then it may reach to the level of 18160. if nifty moves down below 17926 then it may also cross 17880 and may reach to the level of 17829. if nifty moves down below 17829 then it may take support on 17780. If nifty crosses down 17780. then it may take bounce back from bounce back zone. IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 18020 AND REACH TO THE HIGHER LEVELS.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 30.01.2023Nifty is standing just below a strong resistance zone of 17635 to 17684. if nifty moves above 17684 then it may also cross 17731 and may reach 17780. between 17780 to 17829 is an Extremely strong resistance. if nifty crosses over 17829 then it may also cross 17880 and may reach 17926. if nifty moves down below 17586 then it may also cross 17535 and may reach to the level of 17489. if nifty moves down below 17489 then it may take support on 17442. If nifty crosses down 17442. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 17880 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 16.01.2023Nifty is standing just below a strong resistance zone of 17976 to 18020. if nifty moves above 18020 then it may easily cross 18067 and may reach to the level of 18111. if nifty crosses over 18111 then it may also cross 18160 and may reach to the level of 18210. if nifty moves down below 17926 then it may also cross 17880 and may reach to the level of 17829. if nifty moves down below 17829 then it may take support on 17780. If nifty crosses down 17780. then it may take bounce back from bounce back zone. IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 18210 AND REACH TO THE HIGHER LEVELS.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 09.01.2023Nifty is standing just above a strong support of 17829. if nifty moves above 17880 then it may reach to the level of 17926. between 17926 to 17976 is an Extremely strong resistance. if nifty crosses over 17976 then it may also cross 18020 and may reach to the level of 18067. if nifty moves down below 17780 then it may also cross 17731 and may reach to the level of 17684. if nifty moves down below 17684 then it may take support on 17635. if nifty moves down below 17684 then it may take support on 17635. IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 18111 AND REACH TO THE HIGHER LEVELS.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 02.01.2023Nifty is standing just inside a strong support zone of 18111 to 18067. Nifty is standing just inside a strong support zone of 18111 to 18067. between 18210 to 18259 is an Extremely strong resistance. if nifty crosses over 18259 then it may also cross 18302 and may reach 18349. if nifty moves down below 18067 then it may also cross 18020 and may reach to the level of 17976. if nifty moves down below 17976 then it may take support on 17926. If nifty crosses down 17926. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18349 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 29.12.2022Nifty is standing just below a strong resistance zone of 18160 to 18210. if nifty moves above 18210 then it may also cross 18259 and may reach 18302. between 18302 to 18349 is an Extremely strong resistance. if nifty crosses over 18349 then it may also cross 18393 and may reach 18444. if nifty moves down below 18111 then it may also cross 18067 and may reach to the level of 18020. if nifty moves down below 18020then it may take support on 17976. If nifty crosses down 17976. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18393 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 22.12.2022Nifty is standing just below a strong resistance of 18210. Nifty is standing just below a strong resistance of 18210. between 18302 to 18349 is an Extremely strong resistance. if nifty crosses over 18349 then it may also cross 18393 and may reach to the level of 18444. if nifty moves down below 18160 then it may also cross 18111 and may reach to the level of 18067. if nifty moves down below 18067 then it may take support on 18020. If nifty crosses down 18020. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18547 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 13.12.2022Nifty is standing just above a strong support of 18493. if nifty moves above 18493 then it may also cross 18547 and may reach 18599. between 18599 to 18651 is an Extremely strong resistance. if nifty crosses over 18651 then it may also cross 18700 and may reach 18753. if nifty moves down below 18493 then it may also cross 18444 and may reach to the level of 18393. if nifty moves down below 18393 then it may take support on 18349. If nifty crosses down 18349. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18761 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 01.12.2022Nifty is standing just inside a strong resistance zone of 18753 to 18820. if nifty moves above 18820 then it may also cross 18888 and may reach 18944. between 18944 to 18998 is an Extremely strong resistance. if nifty crosses over 18998 then it may reach to the level of 19053. if nifty moves down below 18753 then it may also cross 18700 and may reach to the level of 18651. if nifty moves down below 18651 then it may take support on 18599. If nifty crosses down 18599. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 19053 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 28.11.2022Nifty is standing just below a strong resistance zone of 18547 to 18599. Nifty is standing just below a strong resistance zone of 18547 to 18599. between 18700 to 18753 is an Extremely strong resistance. if nifty crosses over 18753 then it may reach to the level of 18820. if nifty moves down below 18493 then it may also cross 18444 and may reach to the level of 18393. if nifty moves down below 18393 then it may take support on 18349. If nifty crosses down 18349. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18820 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 22.11.2022Nifty is standing just below a strong resistance zone of 18160 to 18210. if nifty moves above 18210 then it may also cross 18259 and may reach 18302. between 18302 to 18349 is an Extremely strong resistance. if nifty crosses over 18349 then it may also cross 18393 and may reach 18444. if nifty moves down below 18111 then it may also cross 18067 and may reach to the level of 18020. if nifty moves down below 18020then it may take support on 17976. If nifty crosses down 17976. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18393 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 21.11.2022Nifty is standing just under a strong resistance zone of 18302 to 18393. if nifty moves above 18393 then it may also cross 18444 and may reach 18493. between 18493 to 18547 is an Extremely strong resistance. if nifty crosses over 18547 then it may also cross 18599 and may reach 18651. if nifty moves down from where it left off then it may also cross 18302 and may reach to the level of 18259. if nifty moves down below 18259 then it may take support on 18210. If nifty crosses down 18210. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18599 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 15.11.2022Nifty is standing just under a strong resistance zone of 18349 to 18393. if nifty moves above 18393 then it may also cross 18444 and may reach 18493. between 18493 to 18547 is an Extremely strong resistance. if nifty crosses over 18547 then it may also cross 18599 and may reach 18651. if nifty moves down from where it left off then it may also cross 18302 and may reach to the level of 18259. if nifty moves down below 18259 then it may take support on 18210. If nifty crosses down 18210. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18599 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway
Nifty spot chart analysis for 14.11.2022Nifty is standing just under a strong resistance zone of 18349 to 18393. if nifty moves above 18393 then it may also cross 18444 and may reach 18493. between 18493 to 18547 is an Extremely strong resistance. if nifty crosses over 18547 then it may also cross 18599 and may reach 18651. if nifty moves down from where it left off then it may also cross 18302 and may reach to the level of 18259. if nifty moves down below 18259 then it may take support on 18210. If nifty crosses down 18210. then it may take bounce back from bounce back zone. it is highly unlikely that Nifty will cross 18599 tomorrow and reach higher levels.
NSE:NIFTY
by stoxway