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Nify50

Nifty 50 Outlook for the Expiry week May 23 – May27Falcon Analytics Outlook Nifty 50 for the Expiry week ( May 23 – May27 ) As Discussed in Last Weekly Analysis Nifty sold off from major resistance @ 16387 while the major support for the week @ 15560 was not breached. Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15726 levels, whereas major resistance on the upside is capped around 16386 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 15474/15222 and and if breaches major resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 16542/16794. Currently Nifty50 index is trading Below 200 day EMA @ 16783 suggests long term trend is Bearish . Range for the week is seen from 15222 on downside and 16794 on upside. Below Mentioned Spot Levels can be used to trade Long Or Short during the week ahead. ( All Spot Levels) RESISTANCE 4: 17046 RESISTANCE 3: 16794 RESISTANCE 2: 16542 RESISTANCE 1: 16386 WEEKLY PIVOT LEVELS: 16134 SUPPORT 1: 15882 SUPPORT 2: 15726 SUPPORT 3: 15474 SUPPORT 4: 15222 All above views for education purpose only. Regards, MD .
NSE:NIFTYShort
by miraldesai
NIFTY ANALYSIS FOR TOMORROW 18-11-2021 Expiry With a hope of some recovery buyers trapped today and Nifty Fall again, We have seen LONGUNWINDING at 18000 level which was strong support and short buildup with 66.6 Lacs Open Interest at 18000 level. Further sentiment to remain bearish next support is 17900 which is having only 35 lac Open Interest on PUT side Which may be break and then 17800 which is very crucial if 17800 break then big fall can be seen. else there will be again premium eating . technical level are given on Chart :)
NSE:NIFTY
by FNOSURE
Nifty in a very risky territory. Time to be cautious. ⚠️The Story: There is a long term ascending channel that nifty has traded for almost 12 years. It broke the channel on down side in a very decisive way in 2020, and then got back again into the channel (fast and furious :-)) . Since then it followed another ascending channel (shown in the chart) which is quite sharp. In April 2021, it left this sharp channel (suggesting decline in the fuel, may be using reserve fuel now) and got into the upper half of the long term ascending channel. Notice, it has never traded in this upper half since the beginning (although tried, but failed) . Now, it's about to touch the upper band of the long term ascending channel. This is where everyone should become cautious. The range where everyone should be cautious is 16800-17000 if it tries to reach it too fast (1-4 weeks). For people with less risk appetite, we already in the risky territory. Moral of the story: It's just a story that Nifty is telling, and the moral will be different for every individual, depending on their or their financial consultant decision or their risk appetite. My personal view : I'll not be an aggressive buyer at this territory, and will try to book profits in my equity positions, and will wait for nifty to break the upper channel decisively, and retest it. Disclaimer: The information provided herein is for educational purpose. Please consult your financial advisor before making any decision. If you like the idea, be generous to like it, and share it with others. If you follow me, you'll get to see 2-3 ideas every week. Comments and Criticism are welcome.
NSE:NIFTY
by UnknownUnicorn24887800
2
Bank Nifty Support & Resistance Levels for Tomorrow* 35800 Level acted as Resistance level previously if price sustain above 35800 level chances of up move upto 36000-36500 * If market face Resistance @35800 level then 35500-35300 levels will act as support. >> Always Enter With good confirmation & Maintain proper Risk Reward. ******* Knowledge Purpose only ******** >> Visit My Ideas Page for Daily Stock Analysis & check my previous stock analysis how accurate they are for Swing and Intraday Trades.
NSE:BANKNIFTY
by Ravitejasreevatsav