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Niftyshort

Nifty weekly analysis for 30/10/23.Nifty has given a green candle after a fall of more than 3% in the week. It is given a retracement after the fall and the fall may continue as global sentiment are also showing negativity. Moving averages are also showing bearishness as nifty has closed below Weekly 20 ema but took support from daily 200 ema. If the daily level is broken, selling may continue. The market has recover 1% in the last trading session and closed above 19k levels. In the hourly charts, there was a resistance from 20 ema and entire day it couldn't close above the level. Support :- 18870, 18720, 18650 Resistance :- 19080, 19250, 19420 The markets are unpredictable, there are chances of showing some retracement continuation and testing 19250 levels or open gap down and giving another selling leg. Wait for the setup and price levels. Option buyer can take a overnight bearish trade if there is a selling tomorrow.
NSE:NIFTY
by TheMamboMomentum
Nifty Trading Plan For Monday 18 Sept Nifty Demand and supply zones are Price levels on the Chart where the Buying and selling Pressures are Expected to be Strong Nifty Support Nifty Support 1 - 20125 Nifty Support 2 - 20035 Nifty Support 3 - 19960 Nifty Support 4 - 19925 Nifty Resistance Nifty Resistance 1 - 20200 Nifty Resistance 2 - 20240 Nifty Resistance 3 - 20340 Nifty Trend Signal From Nifty Next Week Open Interest Analysis PCR ratio as per Option Chain Analysis - 0.99 ( Bullish) Max Pain As per Option Chain Analysis - 19300 Major Resistance as Per Nifty Open Interest Analysis - 20000 Major Support as Per Nifty Open Interest Analysis - 20200 Long Opportunity in Nifty for Trading On Friday Nifty took resistance of 20200 and it is the target we gave in the first week Next week Buying opportunity will be near supports 20125, 19960, and 19930, and if the Nifty Open Gap up then the Buying opportunity will be above 20240 Nifty Short opportunity As nifty breaks short-term downtrend, If Nifty does Not break 19860 then only short nifty with small stop loss and small targets on Downside Resistance - 20240, 20300 If you Like Nifty Prediction, Please Share and Support us. Thanking you.
NSE:NIFTYShort
by manojshinde27
Nifty 50 Analysis (One Week Outlook)📈 N ifty 50 Analysis (One Week Outlook) 📈 🔍 Observations: Chinese Economy Woes: The real estate sector in China is under stress, with it constituting 25% of the country's economy. This raises concerns. US Dollar Strength: There are indications of potential rate hikes which could bolster the USD. If this happens, we might see a capital flight from the Indian market. 📊 Nifty's Current Status: Nifty closed at a pivotal level of 19,310.15 on the last trading day. This level coincides with its 50-day moving average. A downward breach might indicate a short-term fall. 📉 Resistance and Potential Drop: Nifty has descended from a Fibonacci level of 0.25. If it breaks below the 50-day moving average, it might fall towards the 0.382 Fibonacci level, translating to 18,270. The projected moving average is 18,314, suggesting a potential fall of 7.69%. Historical trends, from Dec 2022 to 27th March 2023, indicate possibilities of a drop as steep as 10.25%. 🌎 Global Factors: Global cues, especially the state of the Chinese economy, will play a pivotal role in influencing the Nifty. Notable events to watch: The Global Symposium and listings like Jio and some other IPOs. 💡 Short-term Prediction: If Nifty breaches its 50-day moving average, the next target could be set at 18,270. ❌ Stop Loss: We're not setting a stop loss as we are trend following closely. ✅ Conclusion: Keep a keen eye on global events and the state of the Chinese economy. The next week will be crucial for traders and investors alike. Stay vigilant and trade smartly! 📅 Publish Date: 21st August 2023, 6:57 a.m. IST
NSE:NIFTYShort
by finogent
14 Aug ’23 Post Mortem on Nifty | CPI comes at 7.44% RBI missed?After the trades on Friday, I modified my stance to 100% bearish. What other boon could I ask for when we had the opening 5mts better than expected? “The first target to take out will be the recent swing low of 19296. The next support comes at 19190.’ As soon as 19300 was taken out in the 2nd candle, my conviction for a bear rally was growing. But that did not last long enough, the bears were unable to push down the prices further and this hesitation gave the confidence for bulls to make their move. There were 2 news/events that should have tipped the scale to the bear’s favor Deloitte quitting Adani’s audits Net Interest margin could take a hit, HDFC bank The first news was speculative, it does not give any indication of the health of Adani’s finances (atleast for the general public). Auditors could resign for a number of reasons. Whereas the second news was more authoritative as it came from the CEO himself. The final impact ADANIENT down -3.29% and HDFCBK down -0.49% (not at all a big impact). The bulk of the recovery was by RELIANCE, INFY and HUL and I am quite sure 99% of the traders would not have guessed Nifty will close in the green today. I had sights on 19500 CE at Rs19 levels which ended at Rs40 today. If I had any clue of the power of bulls, I would have grabbed on to this opportunity! At the end of the day, what got formed is a classic double bottom at the support level of 19311 and a descending bearish trend line. If it goes like this - it becomes a falling wedge pattern which is not at all good for the bears. Having said that, there is one piece of comforting news for the bears. The retail CPI inflation comes in at 7.44% a 15 month high. Guessing RBI made a big mistake of not hiking the interest rate last thursday. I continue to remain bearish as of now, if the support level is getting broken in the next session - it's an advantage. If not the wedge (triangle) will catch up and it could even mean a reversal of trends.
NSE:NIFTYShort
by viswaram
03 Aug ’23 Post Mortem on Nifty Weekly Expiry Analysis | BearishNifty Weekly Analysis We lost 373pts ~ 1.89% between the last expiry day and today. Usually Nifty ends up compensating the loss by dip-buying. For the first time in many weeks - the dip buying is not that intense and that may open up more cuts in the coming weeks. Our stock market in specific has been in an unchecked rally from April 2023. The fact that US markets went up due to the FOMO in Artificial Intelligence stocks should in no way influence Indian stock markets, but it did. At present in the listed space - there are no real big AI names here, yet almost all the sectors participated in a long-only rally with no healthy pullbacks. Nifty Daily Analysis I am so much relieved today not just because yesterday’s short call worked, but for the first time in many sessions we had Nifty following price action towards downside. Every other instance the dip buyer would come in at 2.30pm and close Nifty higher - negating any selling pressure. The manner in which we broke the 19400 level was impressive, the selling momentum ensured we went down till 19296 before bouncing back. The high to low fall was 239pts ~ 1.23% and the pullback was 101pts ~ 0.53%. From a technical analysis standpoint, nifty respecting the downward trend price action will give so much of an encouragement to the bears. These bears were beaten to pulp in the last 4 months - so it is the right time for payback! As long as the trend line is getting respected and the EMAs are not crossing over - we remain bearish. The momentum should pick up once the 19200 level is getting broken as there is unfinished business.
NSE:NIFTYShort
by viswaram
2
Nifty will break rising channel or support from the channel ?Hope all are doing great. Here’s my 1D timeframe analysis. As we can see in the chart from 18-Nov-2022 to 5-Apr-2023 around 138 days there was a good falling channel pattern. It broke and achieved 3 times the target. The next 138 days from the previous breakout is forming beautiful rising channel pattern. As per the pattern nature it might break below to the given support level 19118. Expecting to touch that support level on or before 22-Aug-2023. I also shared similar analysis for banknifty giving reference below. Always trade carefully with proper SL because it’s your hard earned money. Please note this is just my observation and purely for educational purposes only. Consult with your financial advisor before taking any trade.
NSE:NIFTYShort
by tmvinoth3
01 Aug ’23 Post Mortem on Nifty - better to stay neutral ✌️I had a long bias on Nifty from yesterday, the gap up was expected but the fall from 10.10 to 10.45 looked quite surprising to me. NiftyIT was supporting, the earlier fall came mostly from the FinNifty components - its understandable as its expiry. The much awaited levels to watch out for were 19700 to 19680 where nifty had spent some time yesterday as well as on 27th Jul. The below chart will show the relevance of 19700 levels a break would have ensured in a bias shift from long to neutral. The 60pts ~ 0.31% rally that followed till 13.30 gave hopes to the bulls. But for any bullish activity we need some strong action tomorrow, the volume + price action in RELIANCE in the closing minutes did not favorable, so before fresh longs we will monitor the price action during the opening 1hr tomorrow. Till then its better that we stay neutral. ... Comment with your thoughts, opinion or bias, I will respond with the levels I am watching for tomorrow !
NSE:NIFTY
by viswaram
07 Jul '23 Post Mortem on Nifty - time for shortsNifty hits an all time high of 19523.6 at 10.00 today, this was after we opened gap down and then had a series of powerful green candles. The surge that took N50 higher was so special that if you looked at 10.00 AM you would never have thought of going short. Opening gap down was due to the handout from the global markets & it was expected. but the 102pts rally to the ATH was unusual. I am quite sure the last of the bears would have exited the marketplace seeing the strength. Now when we look back, it seems like a classic pump and dump scheme! Trades Taken As soon as the N50 broke today's low 10.45, I took a bearish credit spread i.e sell 19500 CE at 62.25 and buy 19600 CE at 32.85. The max profit on this trade is Rs1470, max loss is Rs3530 and Break even = 19529.4. The risk:reward = 2.4. This is taken for the current weekly expiry and since its a credit strategy, the time decay will help it. If the market stays as it is or continues to go down the position will remain profitable. If the market scales back up to 19500 levels quickly, my position will start bleeding & I would have to start running for cover. 1hr TF The indicator gave a sell signal by 12.15 only on the 1hr chart. Since the intraday is viewed at a lower time frame of 15mts & 5mts - the trade was taken early. N50 is currently at the 3rd July close levels wherein there was a top like formation. If we continue to fall from here then the trades between 03 Jul to 07 Jul will look like a blip on a longer time frame. Having said that 19330 will form the first support/resistance zone (although not strong).
NSE:NIFTYShort
by viswaram