Nifty 50 Technical Analysis for October 03, 2023
Market Trend: Bullish
Support Levels: 19638, 19501
Resistance Levels: 19733, 19800
Key Highlights:
Nifty 50 is in a bullish trend and has been making higher highs and higher lows.
The market is likely to go upside on Tuesday, October 03, 2023, as indicated by the following:
Price Action: If the market opens...
Nifty is holding the upper levels on the higher time frame is taking a good support around 19250 levels.
The index has formed a gravestone doji on the monthly charts and for last three months, its trading above 19000 levels.
On the weekly charts, market has shown some retracement after a good up move and has closed above the golden fibonacci levels, forming a...
NIFTY Intraday Trade Setup For 03 Oct 2023
Bullish-Above 19730
Invalid-Below 19680
T- 19830 19930
Bearish-Below 19615
Invalid-Above 19665
T- 19540 19450
NIFTY has closed almost on a flat note last week with a minor cut, overall consolidated. A sideways momentum is common after a parabolic move which was discussed last week itself. Now we can expect directional...
Nifty is currently facing resistance at 19718 with support at 19425 level. This resistance and support are based on Trend-based Fib retracement. Break out of 19718 and sustenance above 19750 in daily candle can take nifty to level 20200 on a monthly basis with some resistance at 20000 level.
Also, 50 days EMA is around 19576, and 20 days EMA is 19727 which acts as...
Hello traders,
I see the Nifty has been in a consolidation. After a downfall it is consolidating and ended with a positive weekend (Friday)
To start the Nifty might be in a sideways then it may go upward to test the 1st level 19600, 19650, 19700 and so on.
There will be retesting after every 50 to 70 points breakout.
Always stay cautious in the second half...
Nifty at a crucial juncture, below 19500 level open doors for 19200, above 19750 opens doors for 20220.
On daily basis nifty has created bullish harami, and on 2 hour chart there a strong bullish divergence, breakout is about 19750 levels only!!
Nifty End of Day Analysis Helps Traders to Understand the Nifty sentiment and Identify Potential Trading Opportunities for the Next Trading Day in Nifty future or Nifty option
Nifty Support
Nifty Support 1 - 19600
Nifty Support 2 - 19490
Nifty Support 3 - 19460
Nifty Support 4 - 19365
Nifty Resistance
Nifty Resistance 1 - 19750
Nifty Resistance 2 -...
Nifty Analysis
We are beginning a new weekly, monthly and quarterly (Q3 2023-24) series today. Yesterday’s close = 19523.
Recap from yesterday: “On the 1hr TF, Nifty is still looking weak. The next target should be 19446 followed by 19310 if are continuing the downward move. In case we reverse and move up, the first level to watch will be 19776. I wish to change...
Good Morning Traders,
It was a hilarious day for nifty yesterday, after opening that has never went back for upside, well guy's after Sharp fall nifty has broken important support zone 19600 and went down even lower than that, at some point it was showing huge bearishness when it touches 19500 levels, but it has respected the levels and closed above. For today i...
"Good morning, friends! As of September 29th, the global market sentiment is neutral (based on the Dow Jones), while our market trend is bearish. It may open neutrally or with a slight gap up. If it subsequently breaks yesterday's low, we can expect a correction to continue with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a ranging...
NIFTY Intraday Trade Setup For 29 Sep 2023
Sell_1- From 19660
Invalid-Above 19710
T- 19575 19500
Sell_2-Below 19490
Invalid-Above 19540
T- 19395 19300
NIFTY has closed on a complete bearish note with 0.98 % cut. Sell triggered as per trade setup below 19660 and what a day it was. It gave a non-stop move till 19493, giving us more than 160 points gain. Tomorrow...
**Nifty 50 Market Analysis for Tomorrow, 29th September 2023**
** interesting headline:**
**Nifty 50: Key Levels to Watch for Tomorrow's Trading**
** Analysis:**
Nifty 50 has good support levels at 19400. If the market breaks below 19400, then a further fall is possible. For an upside move, the market needs to close a 15-minute candle above 19600. The...
Nifty Quarterly Report
Today’s expiry marks the end of Q2 FY2023-24. Between 28th Jun 2023 to 28th Sep 2023 - Nifty has gained 2.89% ~ 547pts. June 28 was special as Nifty had hit a new ATH that day. It crossed the crucial resistance of 18880 then.
The rally that started on 28th June ended on 20th Jul wherein Nifty hit a new ATH of 19991.85. From 21st Jul to 31st...
Good Morning Traders,
Nifty done smart recovery in yesterday session and given closing above 19700, and formed a bullish candlestick pattern on daily chart, this pattern is indicating further upside can seen from here.
Let me explain a bit about bullish Engulfing Pattern to you guys'.
A bullish Engulfing is a two candlestick pattern where in a small red candle is...
NIFTY had a failed breakout after crossing 20000 and dropped back today to the critical ascending triangle support line. A break below this could signify weakness and bounce above support could lead to upmove. Next few days important.
