Nifty50 Weekly analysis & Prediction-12th June -16th June 2023
Disclaimer:
I do not give any tips or buy sell recommendation I only teach trading strategies.
These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any...
Nifty View:
Nifty made a Engulfing candle in Daily TF at higher price level, and Invented Hammer in Weekly timeframe.
Which indicates the Reversal in Trend.
The Next support in Nifty we have is 18480/18460 Level & Resistance around 18630/18650 is where SELL entry can be initiated and Target is 18500
Incase 18460 is compromised, 18300 might be tested.
BULLISH...
NIFTY is experiencing a pull back, don't get bearish as of now
Zones and Levels to watch in intraday
Zones & Levels Above - 18625-638, 18701-719, 18764-777, 18820-839
Zones & Levels Below - 18542-531, 18458-478, 18303-324, 18202-214
Support at 18556
Resistance at 18573
R1 TGT- 18591
R2 TGT- 18615
S1 TGT- 18537
S2 TGT- 18514
Just an observation, don't trade on this information or any other information. Teach yourself.
Nifty at crucial level at the time and the formation is double top at all time high if nifty breakouts the high then we will see new bulls trend either breakdown the double top neckline the we will see a 15-20% retraces
Wait and see
Nifty has more downside, possible target is 16670 ( 25th Apr)
Unlikely there are any scope for a good rally upside.
We haven't hit bottom yet.
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises
as on 9th June closing Nifty is at channel low support and is a good buy till channel support holds. Looks like today whole day market has been selling the puts indicating long build up in Nifty.
nifty expiry is being short covered yesterday. Nifty has long trendline support from 18555 to 18601. if it breaks the level we can see more downside and it indicates the reversal.
Buy above 18666 target 18686 , 18727,18767
sell belove 18616 target 18585,18548,18508
Good morning! As of June 9th, the global market indicates a neutral to slightly positive start, with a bearish market sentiment. It might open with a neutral tone. After that, if it breaks yesterday's low, we can expect a continuation of correction with minor pullbacks. On the other hand, if it initially takes a sharp pullback without breaking yesterday's low, we...
Nifty will be gap up opening in today's session. After opening nifty sustain above 18650 level and then possible upside rally up to 18780 in today's session. in case nifty trades below 18620 level then the downside target can go up to the 18490 level.
NIFTY Intraday Trade Setup For 09 Jun 2023
Buy-Above 18725
Sl- 18775
T- 18810 18895
Sell-Below 18615
Sl-18665
T- 18523 18450
NIFTY has closed on a bearish note with almost 0.50% cut today. It opened flat and buy triggered above 18740 and gave small momentum in upside till 18777 then fell sharply which hit sl in long side. Later 10 o'clock range broke below...
A good day to take out the support zone of 44068 - was it an over-reaction to the RBI rate decision today? Lets analyze.
RBI MPC decided to keep the repo rates unchanged at 6.5% and continue its withdrawal of accommodative stance. Logically no major changes w.r.t last policy day.
Handful of participants including me were expecting RBI to hike the rates so that...
Nifty has given a beautiful bearish engulfing candle.
The market gave momentum both the side. In the first half it tried to get close to 18800 but couldn't sustain and gave a 150 points move from the high.
Market has closed below the 20 ema on the hourly charts, and there is possibility of testing the 200 ema i.e. 18340(at present) in coming sessions.
The...
Nifty Trading Levels For Tomorrow’s Trading Session
Resistance 18780-18800
Towards Target of 18850
With SL of 18780
Support 18650-18620
Towards Target of 18550
With SL of 18650
Nifty Support and Resistance Pivot Levels for Day Trading for Tomorrow
Today Nifty and Banknifty Reacted negative after RBI policy outcome
Resistance Zones for Nifty are as Given Below
R1-18670
R2 -18727
R3 -18800
Support Zones for Nifty are as Given Below
S1-18580
S2-18480
S3 -18445
In Nifty Where to Take Long Trade...
