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Niftytrendanalysis

#Nifty directions and levels for FEB 23Good morning, friends! Here are the directions for February 23rd: The global market is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +40 point increase. Nifty had a solid pullback in the last session. So, if it sustains the gap-up, then structurally, we can expect further continuation. This is the basic structure. If the market consolidates around the supply zone, it may continue further when it breaks. Alternatively, if it rejects sharply around the supply zone, or if the gap-up doesn't sustain, then initially, we can expect a 23 to 38% Fibonacci correction. After that, if it finds support there, it may form a range for a rally continuation. However, if it breaks the Fibonacci level of 38%, then the correction may continue, and we can expect the Fibonacci level of 78% for the correction target with minor pullbacks.
NSE:NIFTY
by Manickamtraders
#nifty directions and level for FEB 22"Good morning, friends! Here are the directions for February 22nd: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +90 point increase. Nifty had fallen sharply in the last session; however, Giftnifty indicates a 90-point positive start. This sentiment suggests a ranging market. So, if the gap-up sustains, we can expect a ranging market initially. After that, if it breaks the previous high, then we can anticipate a continuation of the rally. This is the basic structure. Alternatively, if the gap-up doesn't sustain, then we can expect a minor correction. After that, if it finds support around 21920 to 50%, we can expect a minimum of a 23 to 38% pullback wave. However, if it consolidates or breaks that level solidly, then the correction will continue further.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 20Good morning, friends! Here are the directions for February 20th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty, showing a -30 point decrease. Nifty has reached a new all-time high, so we can expect further pullback only if it breaks the previous high. If it does, we can fix our target at the next extension levels. However, today, Giftnifty indicates a negative open. If the market opens with a gap-down, we can expect the 38% level to be a strong support. If it rejects there, we can anticipate a range market or a rally continuation. Alternatively, if it consolidates or breaks the fib level of 38%, then the correction might continue.
NSE:NIFTY
by Manickamtraders
#Nifty direction and levels for FEB 19th"Good morning, friends! Here are the directions for February 19th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment also shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty, showing +30 points. The Nifty last session closed positively with minor consolidation. Sentimentally, this is positive, and the probability of movement also indicates consolidation. My personal opinion is also that, here movement will occur only if it breaks the supply zone effectively. If it happens, then we can expect further rally continuation. On the downside, also the same consolidation; if the rejection has a solid structure, then only we can expect a 23% to 38% correction.
NSE:NIFTY
by Manickamtraders
Weekly Long Setup in Alembic LtdA bullish flag & pole Chart Pattern Breakout completed on the Weekly Time frame of NSE:ALEMBICLTD Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- possible Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:ALEMBICLTDLong
by raigvivek
#Nifty directions and levels for FEB 15thGood morning, friends! Here are the directions for February 15th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing +80 points. Nifty had a fantastic rally in the last session, so structurally it will continue further. Even though it may face rejection around the immediate resistance, if it does, we can expect a maximum 23 to 38% Fibonacci correction. After that correction, if it finds support around 38%, then we can expect a range market to pullback continuation. This sentiment is also applicable for initial market rejection. Alternatively, we can expect a correction only if it breaks the Fibonacci level 50%, because if it corrects, it might be in the 4th wave, which is a consolidation wave with a maximum correction level of 50%. Therefore, we mention that the correction will occur only if it breaks the Fibonacci level 50%.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 14"Good morning, friends! Here are the directions for February 14th: The global market sentiment is bearish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing -190 points. Nifty had a solid pullback in the last session, but today Giftnifty indicates a negative 190 points, so I don't know exactly where it will open. In my personal opinion, if it finds support around the 61% followed by the gap-down, we can consider this as the 5th wave of the diagonal. It's the final wave of the correction structure, so we can expect a further pullback followed by rejection. However, if it consolidates or breaks this level, then the correction might continue. Alternatively, if it doesn't break the immediate support level of 21605, then it might consolidate for a rally continuation."
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for FEB 9.Good morning, friends! Here are the directions for February 9th: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty showing a -25. Nifty had a sharp correction in the last session. So, if the market breaks or consolidates around the Fibonacci level of 50%, then we can expect the correction to continue. However, my personal opinion is that if the market opens with a gap-down, it may form a diagonal pattern. It's a distribution wave, so it might move with less volume. Once the market finds support around 50%, then we can expect a minimum of a 23% to 38% pullback wave. Alternatively, if the initial market takes a sharp pullback, then it might consolidate between yesterday's low and the Fibonacci level of 38%. We can expect further pullback only if it breaks the 38% level.
NSE:NIFTY
by Manickamtraders
Nifty Bouncing between daily order blocksNifty is bouncing between the two daily order blocks marked by the blue color. Intraday we found support at the hourly order block to push prices back up to the order block where we saw instant rejection. I am looking for prices to disrespect one of the two order blocks to see where prices will be heading. As for tomorrow, if we open up, we might again see prices fall down, even to the discount order block at 21780.65. If we open flat or gap down, we might see a fall and then a rise to take the all-time high as well. As of now, I don't see a clear bullish or bearish argument, so I'll take trades based on where the market opens tomorrow.
NSE:NIFTY
by Ripul012
#Nifty directions and levels for FEB 7."Good morning, friends! Here are the directions for February 7th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing a +110. Nifty has a pullback structure as expected from the last session. So, there are no changes in the direction. If the market breaks the immediate resistance (22041), it may continue the rally further. Alternatively, if it rejects at either 22041 or 22081, then we can expect a correction ranging from 38% to 61%. This also indicates a bullish sentiment, suggesting an initial range-bound market before the continuation of the rally.
NSE:NIFTY
by Manickamtraders
#Nifty directions and levels for February 6th. #Nifty Good morning, friends! Here are the directions for February 6th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to a slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty has had a reddish sentiment in the past two trading sessions. Even though it is reddish structurally, we can expect a rally continuation when it breaks the fib level 38%. This is because the previous wave count shows a proper 5-3 structure. If the market sustains the gap-up and breaks the fib level 38%, then we can expect further pullback continuation with minor consolidation. Alternatively, if the gap-up doesn't sustain or opens with a gap-down, then we can expect correction continuation. It might not be in ABC structure; it might go in a 5-wave structure.
NSE:NIFTY
by Manickamtraders
2
Just another perfect Nifty Fib Retracement Intraday SessionNifty open Gap down Negative sentiments reversed within 1st 10 minutes I believe Majority was short in morning considering 30th January 2024 Bearish EOD NiftyReport. That's it! Market makers always looking for liquidity and they found it in the morning itself. Rally started from day low to retrace 0.786 Fib level since previous day high. Chart is enough to understand the how fib retracement works and how Nifty Levels being identified with Fibonacci Retracement. Here is the news flow to justified Nifty & global markets downturn. 1:53 PM: Saudi Arabia's decision on capacity was at least six months in the making based on uncertainty around need for additional capacity - rtrs 1:50 PM: Iran's revolutionary guards chief salami says no US threats will be left unanswered - Tasnim
NSE:NIFTYShort
by SEBIRegistered
Swing Traders Alert: Nifty Outlook for 29/01/2024 - 02/02/2024Technical Observations: Moving Averages: The Nifty index is currently trading below both the 30 SMA and 50 SMA on the 75-minute chart. This indicates a significant weakness in the market, as the shorter-term (30 SMA) and intermediate-term (50 SMA) trends are both bearish. Key Support Level: The market is currently trading below a crucial support level of 21500. This breach suggests increased bearish pressure, and traders should exercise caution when considering new trades. Trading Strategy: Cautionary Approach: Given the observed weakness in the Nifty chart, traders are advised to exercise caution when contemplating fresh trades. It is prudent to wait for more clarity in the market conditions before initiating new positions. Resistance Levels: Immediate Resistance: 21500 The market must break above this level to signal a potential shift in sentiment. Traders can monitor this level closely for signs of a bullish reversal or further weakness. Crucial Resistance: 21700 A break above this level would indicate a stronger bullish phase in the market. Consideration of new trades can be more confident if the Nifty surpasses this crucial resistance. In conclusion, the Nifty index exhibits significant weakness as it trades below key moving averages and a crucial support level. Traders should exercise caution when considering new positions and closely monitor the immediate resistance at 21500. A breach of this level, followed by a move beyond the crucial resistance at 21700, could provide opportunities for entering trades aligned with the evolving market conditions. Stay vigilant, adapt to changing circumstances, and adjust trading strategies accordingly. Disclaimer: The information provided in this analysis is for educational and informational purposes only. It is not intended as financial advice or a recommendation to buy or sell any securities.
NSE:NIFTY
by TTS007
24 Jan ’24 — The Trap Laid by the Bears is Bust Open - Nifty50Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.” 4mts chart The open was perfect - a good gap-down followed by selling pressure, but the 2nd candle gave it away. By 09.19 - the gap was officially closed and Nifty was steaming with upside momentum. A part of me believed that the rise-up was part of the lower-high creation and that the shape of the bear attack was still intact. My conviction was cemented between 10.35 to 12.39 wherein we dropped 195+ points. What happened next was simply dramatic. Nifty rose 266pts ~ 1.25% between 12.39 to close. In total, it swung 347pts from LOD to HOD, of which 76% came after 12.39. 63mts chart The issue for the bears from the 63mts chart is the W formation (double bottom). To prove they are still in the game, the Bears must create a big fall and ensure an M pattern supersedes the W. Due to the momentum the bulls got today, we are changing the stance from bearish to neutral. The first target would be to take out the 214991 resistance and nullify the 5 RED candles formed on 23rd. If we were to move downwards, the swing low of 21372 has to be taken out tomorrow itself. Hope we have a volatile monthly expiry tomorrow.
NSE:NIFTY
by viswaram
Promising long setup in NMDCA bullish flag & pole Chart Pattern Breakout on the Weekly Time frame of NSE:NMDC Price Action supported by very good volume. The stock is currently in uptrend making higher highs and higher lows. One can add this stock into their stocks to buy list and initiate the long trade as per the levels mentioned on the chart Stop loss will be on a Weekly closing basis. Trend Analysis :- UP Trend Chart Pattern :- Bullish flag & pole Chart Pattern Technical Indicator :- Positive MACD Crossover Disclaimer: This is for educational purpose only.
NSE:NMDCLong
by raigvivek
Nifty Analysis For Today 16 January 2024In this video, we'll discuss about Today's Market Analysis in Nifty and other segments too. Also will Discuss about Option Chain. Whether you're a seasoned trader or just starting in the stock market, this video will help you in Learning about Market. Let's get right into it! ✅I hope you liked the video. Be sure to hit that LIKE and Follow button and drop a comment. 👍Like | 💬Comment | 👥Share Disclaimer : All views and charts shared in this video are purely for knowledge and information purposes only. Trading is Very Risky Business and it should only be done with proper Knowledge. It is very important to do your own analysis before making any investment based on your own personal circumstances.
NSE:NIFTYShort
by TheStockMantra
Nifty 50 Outlook : 11-Jan-2024After touching the down trend line (in Red) today, NSE:NIFTY sustained the 21600 level. Also, it broke out from the symmetrical triangle at day end, which is a bullish sign. If it breaks out from the down trend line (in Red) tomorrow and sustains above it, it may be the confirmation of start of a fresh upward leg. If this happens will update the target tomorrow. On the other hand, if it respects the down trend line (in Red) and turns back from there, then it may test the 21500 and 21400 levels in coming session/s. Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
NSE:NIFTY
by vicky252
#Nifty directions and levels for JAN 12.#Nifty Good morning, friends! Here are the directions for January 12th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +25. Nifty has progressed in sub-wave 4th (motive wave). So, if it opens with a gap-up, we can consider that as the beginning of the 5th wave. It may reach 21,760; after that, if it rejects sharply, then we can complete the 5th wave and anticipate the correctional (ABC) wave. This is the basic structure; however, if the market sustains or consolidates around 21,760, then the 5th might extend. Bearish aspect: As per the long picture, it's a diagonal triangle, so if the gap-up doesn't sustain, then the diagonal triangle might continue.
NSE:NIFTY
by Manickamtraders
2
#Nifty directions and levels for JAN 11th.#Nifty Good morning, friends! Here are the directions for January 11th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty is progressing within the bullish triangle pattern. So, if the market sustains the gap-up, then we can expect pullback continuation with minor consolidation. We can expect a correction only if the market rejects the immediate resistance level with a 38% retracement.
NSE:NIFTY
by Manickamtraders