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Niftytrendanalysis

Nifty 50 spot 22795.90 by the Daily Chart viewNifty 50 spot 22795.90 by the Daily Chart view - Nifty 50 Index 22775 to 22950 Support Band is yet sustained - Long shot deep Support Zone seen at 22125 to 22350 which for now seems bit (un)likely by current technical chart status setup - Just a flag to highlight : Nifty Index had dipped up to 22720 in recent past few days and similar levels was Resistance Level in April 2024 for 23K Index target - Few of the Gap Ups and Gap Down openings, yet are remaining to get closed and filled in below the Old Long Shot Support Zone at 22125 to 22350 for Nifty Index levels
NSE:NIFTY
by PIYUSHCHAVDA
NIFTY50 - A RETRACEMENT IS EXPECTED BEFORE FURTHER FALLSymbol - Nifty50 CMP - 23772 The Nifty50 continues to trade within a falling channel pattern, indicating a bearish technical structure. Currently, the index is testing key support levels near 22800-22700, which were identified as critical support zones in the previous analysis. Given the strong & key support area at these levels, there is a high likelihood of a short-term bounce before the continuation of the downtrend. As of now, Nifty is encountering support around the 22800-22700 region, and I expect a potential retracement towards the 23170-23200 and 23420 levels before the downtrend continues. These levels are supported by the retracement nature of the fall, providing a good opportunity to enter long positions with favorable risk-reward at current price. When Nifty was around 23720, I shared my short trade plan on Nifty, anticipating a 700-1000 point fall, with expectations for Nifty to test the 23000 and 22800 areas again. That fall has now played out, and we successfully captured a strong down move. As Nifty is trading at key support levels once again, I am anticipating a bounce from here before the downtrend resumes. Given the current technical setup, long positions can be initiated around current prices, with additional positions being added towards the 22680-22650 area. A stop-loss should be placed below 22600. I expect a retracement of this fall, which could push Nifty to the 23170-23200 range and then 23420 levels. The risk-reward at these levels is favorable for long positions. However, my overall outlook remains bearish, and I expect the downtrend to continue after Nifty touches the 23400 zone. Key resistance levels remain around 23700-23850. Any sustained move above this range could signal a shift from a downtrend to a sideways or even bullish trend. Until then, the preferred strategy will be to sell at resistance zones and buy at key support levels for a retracement. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
NSE:NIFTYLong
by akshit_official
10
Key Levels: Nifty at a Crucial Turning Point! What's Next? Nifty's price structure is showing a clear pattern of lower highs and lower lows, indicating a prevailing downtrend. However, the market is now at an interesting Demand Zone that could determine its next big move. 📊 Key Observations On January 27, Nifty took support from an old demand zone, and formed new lower high. This minor reversal also led to the creation of a new demand zone. Currently, Nifty is approaching this fresh Demand zone & old Demand Zone, making it a highly significant area to watch. 🔍 Possible Scenarios Ahead Reversal from the Demand Zone : If Nifty respects this demand zones and reverses, we may see a potential bottom forming. Sideways Consolidation : Nifty may move sideways, indicating indecision before a breakout. Breakdown Below Demand Zone : If the demand zone is breached, Nifty could make a new lower low, continuing its downward trend. 🔄 What’s Next? The next few sessions will be crucial in determining whether Nifty finds strength or continues its downward trajectory. Traders should closely monitor price action and key levels to gauge market sentiment. Lastly, thank you for your support, your likes & comments. Feel free to ask if you have questions. 🌟 “Patience and discipline separate the successful trader from the rest.” This analysis is for educational purposes only and is not a trading or investment recommendation. I am not a SEBI-registered analyst.
NSE:NIFTY
by AfnanTAjuddin
2
Nifty’s Eight-Day Slump: Is a Reversal Brewing at 22,800?● Last week proved to be a challenging period for the Nifty, as the index experienced a sharp decline of over 2.5%, extending its losing streak to eight consecutive trading sessions. ● A key support level to watch is at 22,800, which could act as a crucial floor for the index. ● This level gains further significance as Open Interest (OI) data reveals a substantial buildup of put writers at the 22,800 strike price, reinforcing the potential support zone. ● Market participants will closely monitor whether the index manages to hold above this level or breaches it in the coming sessions. ● Adding to the intrigue, a bullish RSI divergence has emerged, hinting at the possibility of a trend reversal in the near term.
NSE:NIFTY
by GoodluckCapital
Nifty Market UpdateNifty is testing a key support level, the same zone from which it bounced back on January 27. While a short-term upward movement is possible, this should not be mistaken for a bullish reversal. 🔹 The overall structure remains weak as Nifty has been forming lower lows since September 2024. Given this uncertainty, fresh long positions should be avoided until a clear trend emerges. 🔹 Patience is key—it's better to wait a few weeks or months rather than enter trades in an unpredictable market. 🔹 Last week, many traders speculated that Nifty had broken out of a falling wedge, anticipating a strong uptrend. However, my primary concern is that it has broken below the green trendline, which may now act as strong resistance in the near term. 📌 Trading Advice: Wait for a decisive breakout or confirmation before taking new positions. Let the market provide clarity before making moves.
NSE:NIFTY
by Breakout_Spotter
NIFTY50 - WHAT IS NEXT?Symbol - NIFTY50 CMP - 23700 The Nifty50 is still trading within a falling channel pattern, which continues to highlight a bearish technical structure. Currently, the index is facing resistance at the upper end of this channel, between 23700 - 23820. Given the ongoing downtrend and resistance levels, there is a strong possibility that Nifty may experience a pullback from these levels. Nifty is likely to continue trading within this channel, and in the short term, we could see a correction back towards the 23000 - 22800 region. These levels would act as near-term support, as they align with previous lows and key technical levels. However, if the Nifty breaks above the upper boundary of this channel and manages to sustain above it, the short-term trend could shift from bearish to a more sideways. Such a breakout would indicate a possible consolidation phase, though a shift in trend would require sustained strength above the channel's resistance. In the event that Nifty undergoes further correction and moves towards the 22500 - 22300 range, this would present an excellent opportunity to buy the dips. At these levels, valuations are expected to become attractive, and investing in strong stocks for the medium to long term could provide solid growth potential as prices at this range could offer significant upside potential. Thus, while the immediate outlook remains bearish with resistance holding firm, the deeper correction could offer great entry points for investors looking to capitalize on potential market growth over time. Key resistance levels remain around 23750 - 23900, and support is expected at 22850 - 23000. The 22500 - 22300 region is a crucial area for potential buyers. Traders should stay alert to a possible shift in trend if the upper boundary of the falling channel is broken.
NSE:NIFTYShort
by akshit_official
2
The Nifty 50 Dilemma: Which Way Will the Index Swing?◉ Technical Analysis ● Nifty has formed a Falling Wedge pattern on the daily chart, typically considered a bullish signal. ● Simultaneously, a Three Black Crows candlestick pattern has emerged over the last three sessions, indicating bearish sentiment. ● The bearish pattern is significant as it has formed near the trendline resistance, suggesting a potential pullback toward the 23,000 level. ◉ OI Data Analysis ● The 23,600 level has the highest call writer concentration, acting as immediate resistance. ● The 23,200 level shows the highest put writer accumulation, serving as strong support. ◉ Possible Next Move ● If the index opens with a slight gap-up below 23,600, selling pressure is likely to continue in the coming week. ● Even with a significant gap-up above 23,600, a bearish scenario may persist. ● For a confirmed trend reversal, the index must decisively break and hold above the 23,800 level.
NSE:NIFTY
by GoodluckCapital
2
NIFTY 50 - BEARISH TREND WITH RESISTANCE ZONES AHEADSymbol - NIFTY50 CMP 23260 The Nifty50 is currently in a downtrend and is trading within a falling wedge pattern, indicating potential for a bearish move in the near future. At present, the index is trading at a resistance zone, specifically between 23260-23300, with additional resistance zones positioned further upwards. Given these technical factors, there is a strong expectation for a sell-off from the current levels. The downside targets are expected to be around the lows that were formed a few days back, which are near the 22800 level and possibly lower. From a broader perspective, the Nifty50's technical structure suggests that further downward movement is likely as the price faces resistance and struggles to break above key levels. Therefore, traders should be cautious of any bullish reversal in the immediate term and instead focus on potential downside targets. Key resistance levels to watch are near 23260-23300, with additional resistance higher up. Support is anticipated at the 22900-22830 level and below. Given the current pattern and resistance zone, a short-term bearish outlook seems more probable, with a potential continuation of the downtrend.
NSE:NIFTYShort
by akshit_official
2
Nifty - Possible end of bears controlFrom the ATH of 26151 Nifty is almost reaching its 10% correction value @ 22635 Area of 22650 to 750 also happens to be the last strongest support point At this level it can be make or break situation for nifty Will be good to take a bullish bet with 22600 as ultimate SL(Closing basis) as the PE premiums are soaring high It may be a risky call but Risk to Reward is excellent Will wait for the index to show some clarity in lower time frames (15 / 30/ 60 m)
NSE:NIFTYLong
by Vishy5
5