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Nifty analysis for 22nd March 2024looks like Nifty is trying to break the trendline above it. if nifty breaks the trendline, it may be a bullish movement. if it crosses below the 21900 level(support marked on the chart), a bearish movement is possible. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:NIFTY
by sudeeptalayek
#Nifty directions and levels for March 28th"Good morning, friends! Here are the directions for March 28th: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -8 point. Nifty experienced a solid pullback in the last session, but the closing retraced a little bit. According to the wave structure, it could be in the 4th subwave. So, if the market opens neutrally, the 4th might consolidate a bit. After that, if it breaks the previous high, then we can consider that as a 5th subwave. It might reach a minimum of 22211 to 22262. If the 5th wave rejects there, then we can expect a correctional wave. On the other hand, if the market sustains around the 22262 level, then the 5th may extend further.
NSE:NIFTY
by Manickamtraders
Nifty analysis for 18th March 2024Looks like Nifty is making a double-bottom pattern. if it completes the pattern and crosses above 22250, it may go higher. If it breaks the support of 21850, it may go to the downside. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any nature. Analysis Posted here is just our view/personal study method on the stocks, commodities or other instruments and assets.
NSE:NIFTY
by sudeeptalayek
#Nifty directions and levels for March 18th.Good morning, friends! Here are the directions for March 18th: The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to a slightly gap-down start, as suggested by Giftnifty, showing a -30 point. Nifty has a range-bound structure, but the trend suggests correction. So, if the market breaks the previous low, then we can expect further correction. However, that is the final wave of correctional impulse, so if it finds support around 21867 or 50%, then we can expect a minimum of 23 to 38% pullback. On the other hand, if it consolidates or breaks the level of 50%, then the correction will continue further. Alternatively, if the gap-down doesn't sustain or if it takes a sharp bounceback initially, then it may continue the range further, and we can expect a minimum level of 22146 to 22244.
NSE:NIFTY
by Manickamtraders
2
#Nifty directions and levels for FEB 29th"Good morning, friends! Here are the directions for February 29th: The global market is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +50 point. Nifty fell drastically in the last session; however, the Gift Nifty indicates a positive start. Structurally, it could fall a little bit, so if the gap-up doesn't sustain, then we can expect a little bit of correction in the first half. After that, if it finds support around the demand zone, we can expect a minimum of a 23 to 38% pullback wave. However, if it breaks the demand zone, then the correction will likely continue. Alternatively, if the gap-up sustains, then we could expect a range market initially. After that, if it breaks the supply zone, then the rally might continue. On the other hand, if it breaks the previous low, then the correction will continue further.
NSE:NIFTY
by Manickamtraders
Nifty weekly levels for intraday trading 08/01/24.Weekly candle is a doji and has closed near the previous candle close. Nifty is in a bull run. There will be some movement around the ATH of the market. It has closed just 20 points lower on the weekly charts. 61.8% fib levels is still around the daily close. The market has been consolidating and can continue to consolidate. Major upside resistance :-21820(ATH) Supports are ther in the market around :-21640, 21585 A downtrend will be confirmed only once the market starts closing below 21500 levels. The last hour candle is showing positive sentiment and trade only on price action with calculated risk.
NSE:NIFTY
by Mambotrade
11th Dec ’23 - No special triggers for Nifty, just status-quoNifty Analysis Recap from yesterday: “On the 63mts TF, The uptrend stays intact. BankNifty has resolved the directional doubt on the upside which may impart more strength to Nifty next week. How high can we go — I am not sure. I wish to continue with my bullish stance till proven wrong.” 4mts chart link - click here The opening candle was quite shaky, we had a swing between 20999 to 20923 i.e. 76pts in the opening 4mts something that is not usual. The next set of candles ensured that the swing made no sense at all. Meanwhile, we hit a new ATH of 21026 today as soon as we hit it - there was a profit booking of 75+ pts over the next 5 to 6 candles. From there we gradually picked up and closed the day positive. The closing 30mts gave me the impression that there was long build-up for tomorrow. We will see how the opening 30mts reacts and then take it forward. 63mts chart link - click here Nifty has completed a beautiful arc shape on the 63mts TF. The base trend line is still upward-facing. For tomorrow also I prefer to maintain the bullish stance. If we are unable to build momentum and Nifty is falling to the 20900 levels then I may have to change the stance to neutral by the end of the day.
NSE:NIFTYLong
by viswaram
4th Dec ’23 - 418pts breakout on election results - Nifty50Nifty Analysis Recap from yesterday: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH” 5mts chart link - click here For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a steady and healthy rally. We ended up gaining 418pts ~ 2.07% today. When was the last time you saw a 2% move upwards? It was not purely a technical move (breakout) that led to these gains, it was news flow-related. BJP won 3 state elections i.e. Rajasthan, Madhya Pradesh & Chattisgarh giving a strong signal that the Lok Sabha elections for 2024 are almost in their pocket. The rally had nothing to do with BJP per se, markets always love stability. So irrespective of the party, whichever faction is at the centre - if they keep winning the elections, markets will go euphoric. The purchase volumes from the institutions is a clear proof. 1hr chart link - click here Nifty has made an island today and is in uncharted territory. If the momentum persists, we can see unusual outperformances. If there is negative news or weakening global macros - we can see a fall too. Since we have broken out from an ATH, the chances of momentum continuation are higher. I would continue to hold on to my long stance. The first reversal point is at 20300 levels which is quite deep even for a stop-loss trigger.
NSE:NIFTYLong
by viswaram
#Nifty directions and levels for NOV 24th"Good morning, friends! As of November 24th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the GiftNifty value at +10. Subsequently, if the market experiences a pullback, we shouldn't anticipate a significant move unless it breaks the immediate resistance. Simultaneously, if it faces rejection around the immediate resistance, the market will likely continue within a range. Conversely, if the gap-up isn't sustained or if it opens with a gap-down, we can anticipate a similar range-bound market sentiment. Correction may occur if the market breaches the yesterday's low."
NSE:NIFTY
by Manickamtraders
Nifty weekly analysis for 06/11/23.Nifty after a selling has recovered upto 50% fib levels. The market has formed a baby mother candle on the weekly charts and it still trading below the 20 ema. Markets are not doing much during the trading hour as there is a gap up and consolidation during the trading session. On the hourly charts the market has been trading in a range of not more than 60 points. Support :- 19150, 19070 Resistance :- 19270, 19400 Much of the movement is not there in the market. Watch and confirm the setup as there is no follow through for last 3 trading sessions. Wait for the price action near the levels before trading the market.
NSE:NIFTY
by Mambotrade
NIFTY 50 FUT | 02 NOV 23AS WE CAN SEE THAT NIFTY HAS TAKEN MINOR REJECTION FROM GOOD UPTREND, So ACCORDING TO ME THEIR ARE NO SUCH GOOD TARGETS FOR UPSIDE AS IT HAS CREATED SO MANY SUPPLY ZONES< REMEBER ONE SHOULD FOLLOW THE TREND BUT SHOULDN'T GET BIAS WITH THE DIRECTION. ADDING MY ANALYSIS LEVELS FOR 2 NOV,23 BELOW FOR NIFTY FUTURES: LONG PLAN >>>>> 🐂 - 19111 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE ABOVE THIS LEVEL) - R1: 19155 - R2: 19199 - R3: 19233 SHORT PLAN >>>>> 🐻 - 19020 (I WILL WAIT FOR THE 5 MIN CANDLE TO CLOSE BELOW THIS LEVEL) - S1: 18977 - S2: 18922 - S3: 18866 PLEASE FOLLOW FOR MORE REGULAR UPDATES. QUOTE FOR THE DAY : “The market is a device for transferring money from the impatient to the patient” – Warren Buffett 📌📌📌📌📌 Disclaimer - I am not SEBI Registered Research Analyst or Investment Advisor. All Information provided above are just for Education purpose only . They are not buy/Sell Recommendations . Please consult your financial Advisor before taking any trade or investments.
NSE:NIFTY1!
by Omkar9992