NIFTY 50 - BEARISH TREND WITH RESISTANCE ZONES AHEADSymbol - NIFTY50
CMP 23260
The Nifty50 is currently in a downtrend and is trading within a falling wedge pattern, indicating potential for a bearish move in the near future. At present, the index is trading at a resistance zone, specifically between 23260-23300, with additional resistance zones positioned further upwards. Given these technical factors, there is a strong expectation for a sell-off from the current levels. The downside targets are expected to be around the lows that were formed a few days back, which are near the 22800 level and possibly lower.
From a broader perspective, the Nifty50's technical structure suggests that further downward movement is likely as the price faces resistance and struggles to break above key levels. Therefore, traders should be cautious of any bullish reversal in the immediate term and instead focus on potential downside targets.
Key resistance levels to watch are near 23260-23300, with additional resistance higher up. Support is anticipated at the 22900-22830 level and below. Given the current pattern and resistance zone, a short-term bearish outlook seems more probable, with a potential continuation of the downtrend.
Niftyoutlook
Is 21400 the bottom of #NIFTY ?
The Nifty50 is currently down over 13% from its all-time high. After studying the chart for a while, I’ve arrived at a possible scenario.
Since COVID, the index has remained within a channel, and I don’t see any major catalysts—like a recession, pandemic, war, or significant news—driving this decline. In fact, we’ve weathered much more severe global events since COVID.
Given this, I lean toward the possibility of a small bounce or consolidation rather than a crash.
But could my view be wrong? Of course—it’s always possible that the market behaves differently than I expect. Can I control that? Not at all. The best I can do is align with the market and let it take its course.
Cheers!
Nifty Trading Strategy for 28th January 2025Nifty Trading Strategy
Buy Strategy:
Buy Above: The high of the 15-minute candle that closed above 22,900
Targets: 22,950, 23,000, 23,050
Stop-Loss: Below the low of the 15-minute candle that closed above 22,900
Sell Strategy:
Sell Below: The low of the 15-minute candle that closed below 22,700
Targets: 22,660, 22,615, 22,565
Stop-Loss: Above the high of the 15-minute candle that closed below 22,700
Disclaimer:
I am not SEBI registered. This analysis is based on historical data and market trends. Past performance is not indicative of future results. Trading and investment involve risks, and you should conduct your own research or consult with a financial advisor before making any decisions.
Nifty - Possible end of bears controlFrom the ATH of 26151 Nifty is almost reaching its 10% correction value @ 22635
Area of 22650 to 750 also happens to be the last strongest support point
At this level it can be make or break situation for nifty
Will be good to take a bullish bet with 22600 as ultimate SL(Closing basis) as the PE premiums are soaring high
It may be a risky call but Risk to Reward is excellent
Will wait for the index to show some clarity in lower time frames (15 / 30/ 60 m)
Nifty outlook for the yearNifty chart analysis for coming few months :
1. Overall trend still remains bullish but deep pullback now similar to 2021 ( marked in circle ) .
2. Market might come down to next support 22,500 - 22,600 at breakout point of election result day .
3. Weekly chart shows market respecting swing lows since 2020 . Last swing low is 21,200 . As long as market doesn't break swing low , current trend is bullish .
4. Decent price for long term investment and SIPs
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Nifty key levels for 22.01.2025Nifty key levels for 22.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
I'm not a SEBI Registered financial advisor. These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Bearish Flag Pattern Breakdown in NiftyA Bearish Flag Pattern has been observed in NSE:NIFTY , signalling a potential downward movement. If this breakdown is successful, the following targets can be expected:
First Target: 22,550
Second Target: 22,000
Disclaimer:
This analysis is for educational and informational purposes only. It does not constitute financial advice. Market movements are subject to various factors, and trading involves significant risk. Always conduct your own research or consult with a professional financial advisor before making any investment decisions. NSE:NIFTY
Nifty key levels for 21.01.2025Nifty key levels for 21.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
I'm not a SEBI Registered financial advisor. These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty analysis for 20/01/2025.Major levels
Support :-23130, 23050
Resistance ;- 23280, 23350, 23586
Market is still in a down trend on the major cycle. Bullish trend will only be confirmed once nifty starts trading above 24200 levels.
For now the market is for sell on rise.
Wait for the price action and enter only confirm trades as the volatility in the market is not giving any intraday opportunities to the trades.
Nifty Week AheadNSE:NIFTY is down 11.7% off its High Trading at a PE of 21.4x
Trade Setup:
It can be a Good 1:1 RISK-REWARD Trade. If the Base S1 is Broken it can further correct to Base S2. NSE:NIFTY is now in a downtrend Making Lower Low and Lower High on Daily Charts so there is a higher Probability.
Target(Take Profit):
21700 Levels or 100 WEMA for Positional & Swing Trader.
Stop-Loss:
Weekly Close above 50 WEMA For Swing Trader and 24700 for Positional Trader.
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Disclaimer: This analysis is intended solely for informational and educational purposes and should not be interpreted as financial advice. It is advisable to consult a qualified financial advisor or conduct thorough research before making investment decisions.
NIFTY Intraday Trade Setup For 20 Jan 2025NIFTY Intraday Trade Setup For 20 Jan 2025
Bullish-Above 23320
Invalid-Below 23270
T- 23500+
Bearish-Below 23090
Invalid-Above 23140
T- 23850
NIFTY has closed on a bearish note with almost 1% cut last week. Weekly candle is a doji which can act as a continuation or reversal based on breakout of either high or low. In case low is broken then journey towards 21700 zone as per ABCD will proceed. In case 23400 is reclaimed then there will be a reversal scenario. 23320 and 23090 are Intraday levels for Monday's session.
Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 23320 then we will long for the target of 23510. Pullback needed before breakout.
For selling we need a 15 Min candle close below 23090. T- 22850.
In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range (5MIN). Trade on this range breakout.
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I am Not SEBI Registered
This is my personal analysis for my personal trading. Kindly consult your financial advisor before taking any actions based on this.
Nifty key levels for 17.01.2025Nifty key levels for 17.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty key levels for 16.01.2025Nifty key levels for 16.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty weekly expiry analysis for 16/01/2025For last 2 trading session nifty is consolidating in a box, while banknifty is moving 400-500 points in intraday and tomorrow is it's weekly expiry.
If the market starts trading outside the box, there is high probability of forming a trending day for the index.
Market had respected the round number support of 23k. It can either retest the support or even breach the recent low to test the support trendline.
Major levels (for intraday)
Support :- 23135, 23000
Resistance :- 23285, 23380
Wait and watch the price action for confirming the direction and intensity of the move.
Nifty key levels for 15.01.2025Nifty key levels for 15.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty weekly analysis for 13/01/2025.The weekly charts of the index is looking bearish as the market has closed around the 50 EMA.
A strong support around the 23400 levels is there. The support has been tested 2-3 times and it is weakening the levels.
If the support levels is breached it can test the lower support level of 22k.
Sell on rise the market is there. On daily charts market has reversed from the levels but bullish trades can only be trade once the previous resistance level is taken out.
Major levels
Support :- 22340, 22650
Resistance :- 23750, 24175
Wait for the price action near the levels before entering the market.
NIFTY ready for the Bullish moveLooking at the structure nifty is ready to move to upside if it breaks the 200 EMA to upside and have some consolidaion with that.
Important levels: 23364, 23507
Support levels: Resistance chanel, 200 EMA
Plan of action:
wait for market to break the 200 EMA and retrace to the channel.