Search in ideas for "NIFTY 50"
Nifty 50Nifty 50
Hourly Chart (Medium to Short term)
We are very close to a very important support level of 14667. Tomorrow will be a crucial decider whether the downtrend will be broken or are we going towards 14200 levels.
I am not being able to understand any patterns or trends in the current scenario and hence I will maintain my simple call of No Trade.
If you are a trader who can take risk, you can go long on Nifty with Stop below 14660 levels in spot. I feel that we will not break 14600 levels as it has been a very strong level since 12th Jan 21.
NIFTY 50 AnalysisNifty 50 was in a clear uptrend last week and it was shown a clear breakout from the trendline. It has came for a retest. If it falls below the white horizontal trendline, go short on nifty for the red trendline target. Wait for a 15M candle to close below white horizontal trendline and go short. BFL!
NIFTY 50 LONG !Nifty 50 today made little bit correction which was supported by global market, but bears totally failed to bring down 11200 and got rejected at 280 support level.
going towards long positions for next expiry nifty looks bullish side and can make immediate 11500+ initial target with final one 11600/-
Nifty 50 !!! most debated topic !!! Finally coming XXXXXNifty 50
Most debated topic where it will go.
So it has closen below the weekly trendline
Overall structure is bullish
a dip may be seen this week .
But as far results of the most weighted nifty stocks
are too good so need to watch rather than making
positions in hurry.
Otherwise 12150 could be good levels for the lower side.
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NIFTY 50 : Bullish - Ascending flag detected NIFTY 50 : Bullish - Ascending flag detected
To monitor/
The exponential moving averages 50 (in pink)and the exponential moving average 200(in white)
The market could rise around 25 507 .
But be careful there are divergences with the RSI and the ROC ( Rate Of Change), which gives the speed of the variation of the momentum of an underlying!
So a bearish return is possible around 20 000, then 18 150
Be safe!
Nifty 50: Forming doji on daily time frameNifty 50 is yet not able to cross 23400 levels. Yesterday nifty formed shooting star and today till now doji candle pattern can be seen on daily time frame. 23200 is key to hold for upside movement. Keep on radar. Seems market is waiting for global support for next leg of upward movement. Today is Fed meeting also in US.
Nifty 50 Negative Divergences in Monthly Charts₹₹Nifty 50 making negative divergences in monthly charts. Below 21700 levels nifty will give breakdown after this Trend line from 2020 will act as support but if breakdown of this trend line then big down movement will be seen.
But before this Election Results will be in focus if results come same as market accepting then one bounce from these levels & then we can see profit booking & then movement will be according to charts. If election results are not same as market accepting then big negative for markets.
Let's hope for best & Trade with proper risk management. Thank you
NIFTY 50 at key support levelNIFTY 50 is once again testing key support levels and the 2024 support trend line
If it sustains below 21837, it will be sign of reversal
Although it is almost certain to give a bounce from these levels
Unless...it's the end of the bull run, in which case there are a lot of gaps pending at lower levels
NIFTY 50 45 MIN CHART GANN ANALYSIS FOR EXPIRY 10 APR 2024Nifty 50 Index has made an ATH at 22678.40 yesterday... It's making higher high and lower low comibinations from 24 Jan 2024 low of 21137 odd. The dream bull market run continues from covid lows so enjoy the party till it continues. Next Squaring date is 24 April 2024. April month is 49 th month from covid lows which is important in Gann Theory. Squaring Price is 22537 on Nifty 50. Use both of them for your Index Analysis.
Intraday levels range is 22671 and 22615. Breakout or fakeouts on either side. Extreme range is 22841 and 22445.
Happy Trading !!!
N.B. Not a finanancial advice to buy or sell.
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Nifty 50 Technical Analysis - 13th March 2024 Santu Saha Nifty 50 Technical Analysis - 13th March 2024
## Market Overview
The recent market movements continue to align with our discussed levels, demonstrating the effectiveness of technical analysis. Let's review the key support and resistance zones for Nifty 50.
### Support Levels
**1. Support Levels: 22,262 - 22,250**
- Significant support levels currently holding.
- A break below this zone may indicate increased selling pressure, potentially leading to a downside move towards 22,050.
### Resistance Levels
**1. Resistance Levels: 22,400**
- Immediate resistance level to watch.
- A decisive move above this level could pave the way for an upside movement, targeting the next resistance at 22,520.
### Technical Insights
#### Support Zone Analysis
The support zone at 22,262 - 22,250 is crucial for maintaining the current bullish momentum. Traders should closely monitor this area, and a breach below 22,050 might signal a shift in sentiment.
#### Resistance Zone Analysis
Breaking above the resistance at 22,400 is key for sustaining bullish momentum. Traders should observe price behavior around this level as it might act as a catalyst for a potential move towards 22,520.
### Trading Recommendation
Traders are advised to closely watch the price action around the support and resistance levels. A breakdown below 22,262 - 22,250 could introduce a bearish bias, while a convincing move above 22,400 might indicate further upside potential, targeting the next resistance at 22,520.
### Disclaimer: Exercise Caution
Given the current market conditions, it's crucial to trade with caution and implement effective risk management strategies.
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