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Niftytrendanalysis

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
Nifty to Kick-Start the Year with a Pause!● A detailed examination of the daily chart reveals the emergence of an Inverted Cup and Handle pattern, suggesting a bearish outlook. ● However, the index is currently hovering above the critical support level of 23,500, while attempting to establish a foothold above the 200-period EMA, a key dynamic support. ● Furthermore, options data indicates a significant concentration of put writers at the 23,500 strike price, lending additional credence to the support zone. ● Given these technical and sentimental factors, we expect the index to remain in a consolidative phase over the next month, as market participants await a clear catalyst for direction.
NSE:NIFTY
by GoodluckCapital
The Week Ahead for Nifty: Trends and InsightsLast week, the Nifty index faced strong selling pressure, driven by various global economic factors. ◉ Current Scenario ● At present, the Nifty is trading near its 200 EMA, just above 23,500, a level with high put writer concentration, indicating potential support. ● Conversely, the 24,000 level will act as an immediate resistance due to the high number of Call contracts open at that position. ◉ Expected Market Movement ● This week is likely to be muted for the Nifty. ● If the index slips below 23,400, the next support level will be 23,000. ● A major upward move is expected only if the Nifty surpasses 24,800.
NSE:NIFTY
by GoodluckCapital
1
Trading Opportunity: Kabra Extrusiontechnik (Daily Flag BreakoutStock: NSE:KABRAEXTRU Pattern: Flag Breakout (Daily Chart) Type: Short to Medium-Term Trade Trade Details Buy Level: ₹513 Stop-Loss: ₹485 Targets: ₹527 ₹543.35 ₹555.60 ₹570.05 ₹584.35 Final Target: ₹597.50 Risk-to-Reward Ratio: 1:3 Analysis and Rationale Kabra Extrusiontechnik has formed a classic flag breakout pattern on the daily chart, signifying a strong continuation of the ongoing uptrend. Entry Level: ₹513 aligns with the breakout confirmation. Stop-Loss: ₹485 protects against invalidation of the setup. Targets: Derived based on measured moves and prior resistance levels. Key Observation s Trend Continuation: The flag breakout indicates bullish momentum. Risk Management: Attractive risk-to-reward ratio of 1:3 enhances trade viability. Scaling Out: Partial profit-booking at intermediate targets is advised. Disclaimer This analysis is for educational purposes only. Trading involves risk; consult a financial advisor before making investment decisions. Always trade within your risk tolerance.
NSE:KABRAEXTRULong
by raigvivek
1
Trading Opportunity: Salzer Electronics (On-Neck Breakout)Stock: NSE:SALZERELEC Pattern: On-Neck Breakout (Weekly Chart) Type: Medium-Term Trade Opportunity Trade Details Entry Point: Buy at ₹1411 Stop-Loss: ₹1257 Targets: ₹1486.45 ₹1561.90 ₹1649.90 Final Target: ₹1739 Risk-to-Reward Ratio: 1:2 Analysis and Rationale The stock of Salzer Electronics has shown an on-neck breakout on the weekly chart, indicating a continuation of bullish momentum. This breakout is backed by strong price action, suggesting a favorable medium-term opportunity for traders. Entry Level Justification: ₹1411 is a key level of confirmation where the breakout appears sustainable. Stop-Loss Positioning: ₹1257 serves as a strategic stop to protect capital while allowing the trade room to develop. Target Projections: The targets are calculated based on historical resistance levels and measured moves post-breakout. Key Observations Bullish Momentum : The on-neck breakout signifies buyer strength, hinting at further upside potential. Volume Confirmation: Monitor trading volume, as increasing volume can further validate the breakout. Medium-Term Horizon: The trade is structured for medium-term gains, ideal for positional traders. Trade Plan Risk Management: Maintain discipline by adhering to the stop-loss to ensure controlled risk. Scaling Out: Consider partial profit-booking at intermediate targets to lock in gains. Monitoring: Regularly track the stock’s performance to adjust levels if market conditions change.
NSE:SALZERELECLong
by raigvivek
1