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Niftyoutlook

Nifty50 shows Bullish Momentum Today Nifty closed above 51% (17860) of Fibonacci level on daily time frame and previously it took support from 38% (17615) if it sustains above 17860 , the next immediate target will be 18100. Disclaimer: We are not a SEBI registered investment or financial advisor. This is only or educational purposes. We are not responsible for your profit or loss. . As option buying involves market risks, please consult your financial advisor before investing.
NSE:NIFTYLong
by DebadattaMahakud
Nifty - Inverted Head & Shoulder Pattern Complete Hello All... Greetings! Today Nifty Completed Inverted Head 7 Shoulder Pattern. From here im hoping to see a good upward rally of approx 900 pts. Important Things 1. This is only for educational purposes only. 2. Never over trade. 3. Always keep Stop Loss. 4. Trade in limited quantity. 5. Taking a small loss is better than wiping up your capital. I hope you found this idea helpful. Please like and comment. Share with Your Friends. Keep Learning, Happy & Safe Trading
NSE:NIFTYLong
by NikhilChoudhary2023
Morning Mantra - 27th April 2023Dear All, So, Finally yesterday we got to witness a closing of just above the level of 17800 , i.e., around 17813.60 But somehow this closing does not seem to provide much conviction. Besides, on observing the formation of a Hanging Man pattern on the day chart of Nifty, raises the need to stay cautious here. Yes, this need of cautiousness is expected to exist for this week, as we had already stated in the Monday’s Morning Mantra update. As of now, following the Cherry picking strategy and booking profit will be a good idea here. Furthermore, let us wait for 2 more trading days and keep our fingers crossed for a convictional weekly closing of above 17800. As only after that, we can expect to see the level of 18130 in the near term. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 26th April 2023Dear All, So finally yesterday, Nifty had touched the level of 17800 . However, being unable to sustain over the same, it failed to give us a closing of above the stated level, and ultimately we got to witness a closing of 17769 approx. Besides that, we had also witnessed a selling pressure in many of the stocks, yesterday. Well Just as we had already stated in our Monday’s Morning Mantra update , regarding our expectation of this week being crucial . Similarly, the presence of the Doji formation on the chart of Nifty is somehow indicating the probability of witnessing a reversal in the Market , as of now. So be cautious! In the meanwhile, the aggressive players can continue to consider the level of 17300 as the level of stop loss. While the conservative players will still have to wait in order to witness a beautiful and a strong closing of above 17800. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
FASP levels for Nifty 26/04/2023The FASP for Nifty is listed for 26-04-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTYShort
by SathishChandrasekaran
NIFTY important support resistance areasNSE:NIFTY nifty has been in sideways+slow downtrend on minor time farme as well as on mid time frame for some days now, little bullish on major, be precautious as market can move either side depending on which zone it breaks (support/resistance) even if we can see nifty might be preparing for a sudden jump or upside rally, be patient emough to finf perfect opportunity to enter at the zones with proper stoploss and risk management, keep booking small targets as market may remain sideways for some time before giving a nice one directional move.
NSE:NIFTY
by ajinkyadiwakar717
Nifty 50 Trading view for 25 April 2023Nifty50 rose by 119 points yesterday based on good quarterly results of heavyweight banking stocks ICICI and HDFC. SBI and Reliance also contributed moderately to this rally. Today the market is expected to be in the range 17900 on the upper side and 17600 on the lower side. Short-Term Levels: Resistance: 0.80 CR Call OI buildup @ 17800 level Support: 1.29 CR Put OI buildup @ 17700 level (STRONG SUPPORT @ 17600 LEVEL) 17600 still seems to be a crucial level (make or break level) It's important to keep a close watch on these levels and nearby strike prices to determine the next move in the market. Note that this being the last week of the monthly expiry followed by many companies declaring Quarterly results today and coming days, we can expect volatility in the market. Keep a close tab on VIX and make trading decisions accordingly. Overall sentiment seems slightly bullish, but it's important for the index to retain its position above 17600 levels and cross 18200 levels to declare a bull run. Chart Pattern: Also, the green candle stick pattern with a small head and long wick at the bottom is placed above the day's high and 200 DMA which denotes a bullish trend. There is still a bearish engulfing pattern seen on weekly charts which will be ruled out once the market breaks the 17865 levels. Do trade in limited quantities with strict stop loss or hedging options. Possible Trading Levels: UPSIDE TRADE: Buy only above 17760 >>>>> Buy ITM 17750 CE. (TGT 17820 | SL 17720) - Risky traders can TGT 17850 DOWNSIDE TRADE: Sell only below 17700 >>>>> Buy ITM 17750 PE (TGT 17650 | SL 17750) - Risky traders can TGT 17620. Things to account for 25 April 2023: 1. Quarterly corporate earnings report for several companies: Bajaj Auto, HDFC Asset Management Company, Nestle India, Tata Consumer Products, Anant Raj, AU Small Finance Bank, Dalmia Bharat, Elecon Engineering, Lloyds Metals and Energy, Mahindra CIE Automotive, Mahindra Lifespace Developers, Meghmani Finechem, Mahindra Holidays & Resorts India, Nippon Life India Asset Management, Rallis India, Tata Steel Long Products and VST Industries 2. Indusind Bank declared net profit jump of 46% 3. Mankind IPO launch today Price Range1,026-1,080 OPEN 25-04-2023 CLOSE 27-04-2023 Issue Size 4,326.36 Cr 4. HDFC Bank: Monetary Authority of Singapore (MAS) has granted approval for the acquisition of shares in Griha Pte. by HDFC Bank due to the proposed amalgamation. As a result, HDFC Bank will acquire a 20 percent or more stake in Griha Pte. The proposed amalgamation is subject to receipt of final approvals from SEBI in respect of the change in control of certain subsidiaries of HDFC. Trading is risky, and it is advised to consult a financial advisor prior to trading. These are purely my opinion based on my trading experience and exercise caution while trading. Many of these strategies are subject to adjustments as per market movements as markets are dynamic and change due to several factors. If you require a financial advisor to assist you with investing or trading needs, please contact us using the comments section. HAPPY TRADING!!!
NSE:NIFTYLong
by SunilA75
NIFTY : Levels for 25th AprilNifty traded same as per our view shared yesterday on video & tradingview. Today its stop at resistance zone and now its important to break today's high for Nifty. I cannot find any seller pressure yet on chart. I will follow price action and levels from chart I have given my personal view on this video for Nifty & Bank Nifty. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial advisor before trading or investing I may be 100% wrong as its my personal view only.
NSE:NIFTYLong
by ChartsSpecialist
Simple Trade Setup | NIFTY | 25-04-2023 [INTRADAY]NSE:NIFTY Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it. Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout. Support zone: This zone will mainly work as support. Once price sustain below it then it is considered as breakdown. All other levels between zones are such a level that you can scalp from it , book partial/full profit and also use it as trailing SL. Good trade setup with good Risk reward will be only if we enter from any of zone. ------------------------------------- Trade Setup for 25-04-2023 Most of all the levels and zones remains same as per previous. 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or gap down chase. Wait and trade between levels. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion. Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
NSE:NIFTY
by Trading_hawk
Morning Mantra - 24th April 2023Dear All, It will somehow be a very crucial week for us, as we can observe a bearish engulfing pattern on the weekly chart of Nifty. Also, a strong Resistance is being faced at the level of 17800 . So, as of now we have two sides, i.e., to consider the level of 17300 as a level of support and the other being, to enter the Market after witnessing a weekly closing of above 17800, with more confidence and more positive volume. Still we are with our words, that the aggressive market participants can keep following the Cherry Picking strategy with the stop loss of 17300 , and the conservative participants can wait for a breakout of 17800 level, for any fresh buying. Regards , Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
FASP levels for Nifty 24/04/2023The FASP for BankNifty is listed for 24-04-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels under various Timeframes. It is an extensively analyzed level to draw the support and resistance levels for the next day. You can use these levels along with your trade setup to increase your winning odds. Validity of the levels: 1 Day How to use these levels? The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single trading session. I use this fact to write intraday positions and to buy options. Color Coding: Green is regular support and buying area, Red is strong exit area Disclaimer: This is shared in the interest of educational purpose and for knowledge enhancement. Kindly refer it in the same light. I am not responsible for any profits or loss incurred based on this information.
NSE:NIFTYShort
by SathishChandrasekaran
End Of Day Nifty Technical Analysis for 24 April The End of Day analysis helps traders to understand the market sentiment and identify potential trading Nifty Support Zones 1. 17740 - 17750 2.17815 - 17830 3 . 17900 - 17915 Nifty Resistance Zones 1. 17610 - 17620 2. 17530 - 17540 3. 17425 - 17435 Nifty Trend Signal From Open Interest Analysis PCR ratio as per Option Chain Analysis – 0.79 ( Bearish ) Max Pain As per Option Chain Analysis (Nifty expiry target ) – 17650 Major Resistance as Per Nifty Open Interest Analysis – 17850 Major Support as Per Nifty Open Interest Analysis – 17550 Nifty Trading Tips with Nifty Forecast Nifty is in Up Trend ( Bull market ) trend changes below 17530 Nifty Next Up side Targets are 17750 and 18850 Nifty Down side Targets for Next week are – 17500 and 17425 Nifty May Take Support Near 50 Days Moving Average Nifty Options Analysis – 17550 Call and 17750 put are active strike prices for next trading days
NSE:NIFTYLong
by manojshinde27
Morning Mantra - 21st April 2023Dear All, Yesterday we had seen the effect of the Hammer pattern, as we had observed a beautiful start in the Market. But unfortunately since it was a day of weekly settlement , we had to witness a roller coaster day. Well, this fight between the demand and supply has created a kind of Doji pattern on the chart of Nifty. Besides, as today is the last trading day of this week, so we have to be a little cautious. As, even yesterday there was no clear indication from the Index, regarding its next move. Therefore, once again the level of 17800 will play a crucial role as a Resistance and 17300 will remain to be a level of strong support. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya
Morning Mantra - 20th April 2023Dear All, So for back to back three trading days we have been observing 3 red candles on the day chart of Nifty. Which is somehow indicating the importance of the 17800 level as well as the importance of the bearish reversal pattern, which was bearish engulfing . Furthermore, it is a weekly settlement day, today . And on a positive note, on the Day chart of Nifty, we can observe a b eautiful formation of Hammer , which is a bullish reversal pattern. So, yes a reversal can be seen in the Market for Today. However, since huge volatility can be expected here, so it will be suggested to avoid any fresh trade for the day. Wherein, instead of getting trapped , we can review our Portfolio and plan our strategy accordingly . Therefore, as of now, we are still waiting for the breakout of 17800 level. In the meanwhile 17300 will remain to be the level of stop loss. Since the Market is trading in between these levels , so, Patience will be the key here. Besides, Cherry picking strategy will remain to be a good idea, for now. Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTYLong
by alokdaiya
Morning Mantra - 19th April 2023Dear All, Just as we had stated yesterday itself, similarly following the impact of the Bearish Engulfing pattern , we did once again witness a supply pressure at the upper levels in Nifty, yesterday. Wherein, even after a gap up opening , we had witnessed a lower closing of around 17660 . So, ultimately it’s a very crucial situation in the Market as of now. Wherein Nifty is trading in between the levels of 17800 and 17300. So for the aggressive players , following the Cherry picking strategy will be a good idea here. While on the other hand, for the conservative players, a breakout of 17800 level will play an important role. Furthermore, to identify your risk profile (aggressive/conservative), you can consult your personal Financial Advisor . Regards, Alok Daiya SEBI Registered Research Analyst
NSE:NIFTY
by alokdaiya