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Nifty 50 Analysis Daily timeframe - Nifty in Range. Nifty 50 Analysis for this week in Daily timeframe - 1. Nifty is still in uptrend till it sustains below 18400. 2. 18400 is a major Support zone as from this level only move to 18600 started. 3. We are seeing consolidation going on. 4. 3 up moves to 18210 before going down to 17688 level again. Change in structure, means sellers were not ready to sell lower like earlier. They were waiting for higher prices to sell, so we had 3 up moves before nifty again tested 18688. Most likely we will again see - 1. Shorts booking profit around 17600, that means buying. 2. Sellers waiting for higher prices to sell around 18200, that means selling drying up, again likely up move. Trade Setups - 1. Look for buying setup around 17600 - Breaks 18600 and reverses - go long above break candle. 2. Short - only if it sustains below 17400. 3. 17400 - 17600 - Do not short here - multiple demand levels here.
NSE:NIFTYLong
by NaveenGr
2
Nifty 50Nifty 50 15m Chart (Intraday Views) Uptrend seems to be prominent. RSI is in the overbought range which means we may correct a little to gain balance before continuing with the uptrend MACD is giving mixed signals to we will ignore it. Buy on Dips 1h Charts (Short to Medium Term Views) Immediate support is at 14750 levels Immediate resistance is at 15000 levels RSI looks good as it is holding strong above the 50 levels MACD is strong as well Trend study shows that a new uptrend has been initiated Buy on dips (wait for a dip) for 15000+ levels. Daily Charts (Medium to Long Term Views) Doji (bullish) followed by a confirmation candle shows strength MACD shows signs of reversal towards a bullish zone RSI has crossed the 50 levels yesterday and may confirm a bullish trend by EOD Targets may be well over 15150 levels soon.
NSE:NIFTYLong
by virralthakkaar
1
NIFTY 50 VIEW FOR 4TH JUNE,2020NIFTY 50 respected both the levels as I had posted in my previous post. It ranged between 10040-10169./ Today the index opened with a significant gap up above 10100. It was however not able to hold those gains and end of day,it closed below 10100. A close below 10000 and we could have seen a fall tomorrow. 10000 is a key psychological level and tomorrow it will be a interesting expiry day. If Nifty is able to breakout above 10700 level, I think then we can see a possible upside towards the previous trendline. (See 5 Min Chart Image below) Above that, bulls may be looking to break 10169 which was a level I had mentioned in my previous post.Today that level got tested but was not sustain and we saw a fall towards 10035. Take a look at today's 5 min Chart and analyse the movements : The day's low was broken and we saw a good fall towards 10035. 10030-10040 is also an important level as can be seen in the daily chart I've posted. Everything else I have mentioned in the chart. On the downside,key levels to watch out for are 9995 or the psychological 10k. If even that is broken we might see a fall towards 9930 and then towards 9887. 75 Min Chart : 240 Min Chart : NSE:NIFTY This analysis is for learning purposes and if anyone has something to add on or if you spot a mistake,do write it in the comments. All kind of suggestions are welcome! This is just my viewpoint and please do not take trades based on this. I do not mention specific targets or stop losses as I don't trade FnO segment.
NSE:NIFTY
by internal_0rgan
4
Nifty 50 Technical Analysis - 21st March 2024 Santu Saha Nifty 50 Technical Analysis - 21st March 2024 ## Market Overview Let's examine the support and resistance levels for Nifty based on recent market trends. ### Support Levels **1. Support: 21,730** - Key support level for Nifty 50. - If the market trades below this level, it may indicate a bearish trend, with potential downside movement towards 21,500. **2. Support: 21,510** - Secondary support level. - A break below 21,730 could lead to further downside towards 21,510. ### Resistance Levels **1. Resistance: 21,900** - Immediate resistance level. - If the market opens between 21,900 and 21,800, it might face strong resistance around 21,900. **2. Resistance: 22,100** - Significant resistance zone. - Sustained trading above 21,900 could pave the way for upside movement towards 22,100. ### Technical Insights #### Support Zone Analysis Nifty is currently testing the support level of 21,730. A break below this level could signal increased selling pressure and potentially lead to a further decline towards 21,500. #### Resistance Zone Analysis Traders should closely monitor price action around the resistance levels of 21,900 and 22,100. A breakout above 21,900 with strong volume and momentum could indicate a bullish breakout, whereas failure to sustain above this level might lead to a pullback. ### Trading Recommendation Traders are advised to exercise caution and wait for confirmation before initiating new positions. A breakout above 21,900 with sustained momentum could present buying opportunities, while failure to sustain above this level might lead to a retest of support near 21,730. ### Disclaimer: Risk Management Trading in volatile markets carries inherent risks. Traders should implement effective risk management strategies and adjust their positions accordingly.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Zones (29/01/2024)Nifty 50 Support and Resistance Zones (29/01/2024): #### Support Zones: 1. **Support Level 1:** 21,300 2. **Support Level 2:** 21,200 3. **Support Level 3 (Major Support):** 21,000 - If Nifty breaks below 21,000, it might indicate the potential for a significant fall. #### Resistance Zones: 1. **Resistance Level 1:** 21,500 (Minor Resistance) 2. **Resistance Level 2:** 21,600 (Major Resistance) - A significant resistance level. Nifty needs to trade above 21,600 for potential upside movement. ### Technical Analysis Insights: - **Support Zones:** 21,300, 21,200, and 21,000 are crucial levels where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zones:** 21,500 and 21,600 are anticipated to be key levels where selling pressure might intensify, limiting immediate upward movements. - **Breakdown Caution:** Breaking below 21,000 might signify increased bearish sentiment and could lead to further downside movement. - **Upside Breakout Confirmation:** For a potential upside movement, Nifty needs to trade above 21,600, and sustaining above this level would strengthen the bullish case.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (25/01/2024)Nifty 50 Support and Resistance Levels (25/01/2024): #### Support Levels: 1. **Support Level 1:** 21,300 2. **Support Level 2:** 21,200 to 21,000 (Round Number) - If the market breaks below 21,200 and trades below, it might indicate the potential for a downside movement in Nifty 50. #### Upside Resistance Levels: 1. **Resistance Level (as of now):** 21,600 - For potential upside movement, Nifty needs to trade above 21,600. ### Technical Analysis Insights: - **Support Zone:** 21,300 and 21,200 to 21,000 (round number) are crucial areas where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Zone:** 21,600 is currently a significant resistance level. Nifty needs to break above this level for potential upside movement. - **Market Condition Note:** The market may exhibit slow and sideways movement if it fails to trade above the current resistance level. Keep in mind that tomorrow is the monthly expiry, so trade accordingly. .
NSE:NIFTYLong
by santubittu
NIFTY 50 Complete technical analysis by Patterns, RSI, MA, BB, PNIFTY 50 Complete technical analysis by Patterns, RSI, MA, BB, Price Action, Wave Theory Nifty touched second time appx 18890 level. My opinion: nifty may open gap up on monday & may sustaion 18900 level , will makes star candle. and on monday it will make bearish candle like as today (Three candle pattern i.e Evening star pattern will make). whenever at top makes a BIG candle that means it is reversal singal. and may hit downside 18100/18000 level within comming weeks RSI is making LL & Price is making HH. this is callled divergance
NSE:NIFTYShort
by pnjakh1984
NIFTY 50 - 15 MIN CHART - BAHAVAN CAPITAL - 30.08.2022NIFTY 50 as per 15 min chart analysis below follows my observations If Nifty opens Above 17382 then Resistance at 17411 / 17428 / 17456 / 17480 / 17528 / 17551 / 17583. If Nifty opens Below 17300 then Support at 17283 / 17250 / 17241 / 17228 / 17202 / 17167. Today FII Net selling was at 561.22 Crores and DII Net buying was at 144.08 Crores. If there was no Gap up Opening and if PDH is not broken then it might end up Range Bound. Nifty for tomorrow will continue to be in Range. Since there had been not much selling or buying by Institutional Investors. Happy Profitable Trading to All.....
NSE:NIFTY
by UnknownUnicorn19608572
Nifty 50Nifty 50 (Spot) LTP: 15301.15 Support: 15280.70 Resistance: 15431.75 (All-Time High) The weekly charts are clearly in an uptrend and we may be heading to the all-time high sooner than we can expect and soon Nifty will become busy making new highs. My question is that, how long are we going to sustain the highs without a correction? Do you remember how Nifty tumbled from 15431 to 14151.40 before it made a reversal? That is what I am talking about. I don't say we might witness 14100 levels again but I am expecting a running correction. If you are long, hold you positions with trailing stop losses If you are waiting, please wait for the right opportunity. If you want to go short? You can sell on rise! NoTa (No Trade) p.s. weekly chart gives me hints of a double top pattern which is way more scary than we'd expect.
NSE:NIFTY
by virralthakkaar
1