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.
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.
NIfty 23200 important Support swing tradeHello,
Nifty Retrace more than 50% of previous swing high and now at trendline support RSI oversold with slow selling volume is not active on sellers side also hidden divergence and oscilators are bullish bullish reversal possibilities with stop loss of 23180
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.
Nifty key levels for 03.02.2025Nifty key levels for 03.02.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:I'm not a SEBI Registered financial advisor. These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
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.
Nifty key levels for 28.01.2025Nifty key levels for 28.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
I'm not a SEBI Registered financial advisor. These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
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)
Nifty key levels for 21.01.2025Nifty key levels for 21.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
I'm not a SEBI Registered financial advisor. These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty key levels for 20.01.2025Nifty key levels for 20.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty key levels for 17.01.2025Nifty key levels for 17.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty key levels for 14.01.2025Nifty key levels for 14.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty key levels for 13.01.2025Nifty key levels for 13.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
Nifty key levels for 08.01.2025Nifty key levels for 08.01.2025
If Nifty breaks the upper or lower range, we can expect momentum. The consolidation zone will be favorable for option sellers, while a breakout on either side will benefit option buyers.
Disclaimer:
These views are purely educational in nature. You are solely responsible for any decisions made based on this research.
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.
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.
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.