Niftysupport
Daily Nifty Levels | Nifty Support & resistance India 20221-South African Stocks End at Near 3-Month Low
2-Oil Prices Extend the Decline
3-Annual inflation rate in India accelerated for a 5th straight month to 6.07% in February of 2022, the highest since June of 2021
4-The Indian rupee weakened towards 76.6, not far from it's all-time low of 77.1 hit earlier in the month,
5-India kept its interest rate at a record low of 4% since March 2020 to support economic recovery from the pandemic.
6 -Investors focused on the Russia-Ukraine war and the Federal Reserve’s decision on interest rates.
7- yield hits 2.14% — its highest point since July 2019
Is Nifty going to fall around 200 points ? here is the analysis.As we can see on 06th Oct Nifty made bearish engulfing candlestick pattern on daily TF, The level between 17881-17768 is crucial to decide the momentum of the market if the resistance 17881 breaks and sustain for about 15 min then we can expect up move in the market, but if 17768 Support will break then the market will fall up to 17550 levels to fill the previous gaps.
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Nifty Analysis for 17th MayThe S&P 500 has shown a decent recovery in the last couple of days. (Inflation woes being resolved?)
The NIFTY is trading very close to its long term Weekly Trendline. Depending on global cues, will consolidate a bit and then make a good move on the upside.
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NIFTY takes support from trend line! Bulls in controlNifty - Technical Analysis:
-Nifty gapped up above 11500 and soon fell down to fill the gap
-After a small pullback it fell a bit more to another trend line forming a lower low, After two failed attempts to get a strong bear trend nifty reversed up a bit
Market - Driving Factors:
-Among sectors, except bank and auto, other indices ended in the red. BSE Midcap and Smallcap ended with marginal gains.
-Tata Motors, Bajaj Finance, SBI, Tech Mahindra and Asian Paints were among major gainers on the Nifty, while losers were GAIL, Sun Pharma, NTPC, Shree Cements and Hero MotoCorp.
-RBI has been away from the markets for a few weeks now, and the announcement of the OMO is a positive indication that RBI is back, and that will help calm the fixed income markets to some extent.
Nifty - Outlook for Thursday, 20th August:
Nifty struggles to sustain above the 11500 mark, but taking support from trendline is a sign that bulls are still in control. Nifty to see a bullish bias ahead with slight probability to move sideways .