Nifty, Divergence Formed on the Weekly ChartA strong Divergence pattern is formed on the Weekly Chart.
Also we have an indecisive candle on the daily chart.
WTF Resistance : 23,200
WTF Support : 21,850
Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Niftyweekly
NIFTY WEEKLY VIEW | 25TH - 29TH SEPNifty trend is down and more weakness expected if Nifty sustains below 19590. On the other side, if Nifty sustains above 19790 upper levels are expected in next week. Trade cautiously as it's a monthly expiry and highly volatile moves can be seen.
Buy Above - 19790
Targets - 19850, 19910, 19970
Sell Below - 19590
Targets - 19530, 19470, 19410
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty 50 Analysis!FWB:NSE : NIFTY Weekly Analysis!
Rising Wedge Pattern in Nifty 50 Weekly Chart!
Rising Wedge Pattern with Upside Breakout!
Nifty 50 is trading at its all-time high, don't be greedy in this situation. We can see the strong upside momentum but hold your horses. We can see, I have applied fib retracement on the current price action(prev high and prev low). Now we may face strong resistance at the 20306.05 level because as per price action, NIfty has to establish support at the previous resistance level. Then we should find the following buying opportunities at this level. I have also marked the possible Demand zone on the chart one should consider this level for conservative investing. So as per my suggestion let the Nifty retrace because we are already in the greedy zone. I don't want investors to get trapped in this zone and hunt their stop losses.
Disclaimer = All my analysis is for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4)Don't trade with full capital
NIFTY WEEKLY VIEW | 28TH AUG - 1ST SEPNifty closed near it's major support level 19250 - 19200, If it sustains below 19190 we expect to see down move towards 19140 - 19040.
In case Nifty takes support in this zone and sustains above 19350 then again we expect to see upside towards 19400 - 19500.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NIFTY WEEKLY VIEW | 7TH - 11TH AUGIf Nifty breaks 19425 and sustains below that, marked targets with white line expected. On the upper side, if Nifty sustains above 19590, we expect to see higher levels as marked on chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NIFTY WEEKLY VIEW | 31ST JULY - 4TH AUGUSTStarted posting Nifty weekly view on traders request. If Nifty breaks 19550 and sustains below that, marked targets with white line expected. On the other side, if Nifty sustains above 19720, we expect to higher levels as marked on chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NIFTY WEEKLY VIEW | 24TH - 28TH JULYStarted posting Nifty weekly view on traders request. If Nifty breaks 19700 and sustains below that, lower levels are expected. On the other side, if Nifty sustains above 19890, we expect to see a new ATH next week.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Nifty Weekly Analysis for Jul 3 - 7🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 3 - 7
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18465, 18645, 18890, 19190, & 19200.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19200, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18650, confirmed by a strong and clear daily candle, it may signal a decline towards the 18465 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18650, the market can be viewed as bullish.
Nifty Weekly AnalysisOn the weekly time frame the index NSE:NIFTY is trading within a triangle pattern.
The triangle resistance is placed at 19021 which us next target also.
Sustaining above 19000 can lead to further gain however a healthy correction or retracement will make this up move more strong.
Sentiments - Bullish
Price action - Bullish
Fear & greed - Greed
Immediate support 18600
Immediate resistance 19000
nifty may 29th bulls are in charge of pushing the all time high for nifty. Nifty possibility of gap up opening and try to go down side for first 30 mins to 45 mins and then it should take the support at 18422 level and should bounce back to 18606 level. where there is a resistance from the top side.
Buy above 18508 target 18555,18585,18599,18648
Sell below 18467 target 18433,18420,18404,18387
Nifty - Weekly Prediction and Levels for 13 Mar 2023Nifty Weekly Analysis and Intraday Level for 13th Mar
Nifty is still BEARISH, it is likely to trade between 17200 - 17700 this week (13th to 17th Mar). Currently at strong support level 17400 If sustains above 17483/17512 we can expect 17700 will be tested. Any close below 17343 will leads to 17200.
My view is 17200 is the reversal point for uptrend to test 17700.
Nifty - Weekly Analysis and Levels for 16 - 20th Jan 2023Nifty closed on Friday with Positive note, but still the Major trend what I see is BEARISH. We have narrow Weekly CPR in Nifty.
Expectation : BEARISH / Negative Sentiment - Next week is going to be trending week, We have wide Resistance zone at 18080 - 18000 where we can expect reversal towards Down side. On the Downside 17765 is the support zone if that is taken out more fall is expected in Nifty up to 17300 - 17000
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - View & Intraday Levels for 05 Dec 2022Nifty View for Monday 05.12.2022
Short term BEARISH view in Nifty expected and tomorrow Nifty Likely to Open Flat/Small Gap up, any breakout above 18775 Target 1 will be tested and 18830 will act as Strong Resistance. Probably we can expect reversal. Incase of any weakness closes below 18618, Target1 and 2 on the lower side will be tested.
At Buyers zone we can look for BUY entry and SELL entry at Sellers area.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty 50 Harmonic Pattern AnalysisThe above chart highlights the harmonic ABCD pattern for Nifty 50 index on the weekly time frame.
The index has formed AB and BC waves of the ABCD pattern . The price has broken out of B (18096). As per harmonic pattern theory, a breakout above B indicates the price is heading towards the target of D (19900).
If we put the AB and CD waves of the ABCD pattern of equal duration in time, the target time horizon comes out to be the last week of December 2022.
How's that for a end of year rally!
Note: The bullish thesis of the ABCD pattern is invalidated only when the price falls below the support zone of B (18096).
Nifty - View and Levels for 07 Nov 2022Nifty Intraday levels for Tomorrow..
Expectation : Big Gap Up Open is expected above 18200, Market sentiment is strongly Bullish for next week
Nifty likely to Open with Big Gap Up, If any pull back to previous day high / 18180 Resistance zone we can look for long entry.
Any breakout above 18185 we can expect 18300 as the Target for Long entry. We may expect 18500 during this week.
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
For Best entry, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - Weekly Analysis and Levels for 31st Oct - 4th Nov 2022Nifty Weekly View..
Global markets are positive and SGX indicates 200 Points up. This week we can expect Rangebound / Sideways market between 17750 - 18100
Nifty Likely to test 18000 - 18100 next week and 18100 is going to be very strong resistance. Incase 18100 is taken out we can expect 18500 as next target.
On the Down side 17760 is going to be strong Support, if this is compromised 17620 & 17500 is lower targets.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty Weekly Levels for OCT 24-28 2022
Buy Above 17626.35
Buy Targets 17711.02 17795.22 17863.28 17931.34 18028.23 18087.06 18287.77 18508.10
Sell Below 17523.45
Sell targets 17438.78 17354.58 17286.52 17218.46 17121.57 17062.74 16862.03 16641.70
use these levels for Intraday Trades as well . See a Support or Resistance to these levels to BUY or SELL
We may not see much momentum except Monday ( One good up spike @ 10:30 AM ) .Whole week more or less choppy .
GANN Trend* change time gave good results OPEN=17588 So MOD((SQRT(17588)*180-225),360,2) = 246.56
So 9: 00 AM + 246 Min = 13:06 Which is when we saw a fall on OCT 21.
*This technique is not my own but by RK Arora
*** HAPPY DIWALI ****
Nifty 16000 ? - Weekly AnalysisNifty 16000 in October?
Nifty is forming Flag Pattern, any exit of channel lower line we have strong support around 16800 only. Incase if this is compromised and closes below 16800 we can expect further down fall and probably 16000 will be tested in couple of weeks time.
We have Daily Time frame - 100 SMA and 200 EMA Support at this level 16800. If this holds we can see up move else, 16000 will be tested
Nifty - Weekly Analysis Sep 2022 - BEARISH until 16800 ?Nifty Weekly Analysis,
Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday.
Nifty likely to Open at 17200 or below, 17161 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Nifty. If any weakness 17161 line breaks Nifty might test 17000 and more fall would expect. Next support is only at 16800 in Nifty. On the Higher side we have Resistance at 17470 / 17600 / 17720 levels
More or less this week going to be Volatile or Range Market between 16800 - 17300.
Nifty Weekly Analysis for 27 JUN to 01 JUL 2022Nifty Weekly Analysis for 27 JUN - 01 JUL 2022
Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in Nifty around R1 resistance level (15900).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Nifty test out Bullish Breakout zone and also possible Target 1 & Target 2 for the week.
Selling Opportunity :
16000 level is the key level to watch out, any resistance at Bullish Breakout & R1 getting compromised we can look for shorting opportunity.
Any resistance at T2 we can expect Nifty to be in the range for rest of week may be again test out 16000 & then pull back.
NIFTY | 17000 BROKEN WHAT'S NEXT?On the weekly time frame, Nifty has broken the yellow support line and went below 17000 today, however, we got closing above 17000.
In our previous analysis, we gave a Target of 16600 on the downside but Nifty looks weaker on Weekly Time-frame and is expected to test 16000-15950 levels in a few weeks.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
NIFTY POSITIONAL WEEKLY HEDGING - 12TH AUGUST EXPIRYSELL 2 LOTS 12AUG2021 16150PE AT 44
BUY 1 LOT 12AUG2021 16300PE AT 109
BUY 1 LOT 12AUG2021 16000PE AT 17
SELL 2 LOTS 12AUG2021 16350CE AT 45
BUY 1 LOT 12AUG2021 16200CE AT 113
BUY 1 LOT 12AUG2021 16450CE AT 20
Breakeven - 16082-16418
Margin - Approx RS. 66000
Risk Reward 1:1