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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
Nifty 50 Technical Analysis - 19th March 2024 Santu Saha Nifty 50 Technical Analysis - 19th March 2024 ## Market Overview Let's examine the key support and resistance levels for Nifty 50 based on recent market movements. ### Resistance Levels **1. Resistance Levels: 22,200** - Initial resistance level to watch. - Significant resistance at 22,400. - A breakout above 22,200, followed by sustenance, could trigger an upside movement towards 22,400. ### Support Levels **1. Support Zone: 22,100** - Initial support level to monitor. - Further support at 22,000. - If the market opens above 22,100, it may act as a support level. Additionally, 22,000 could provide support in case of a downside trend. ### Technical Insights #### Resistance Zone Analysis The resistance zone between 22,200 and 22,400 remains critical for sustaining the current bullish sentiment. A decisive breakout above 22,200, followed by consistent trading above this level, may signal further upside potential towards 22,400. #### Support Zone Analysis The support zone near 22,100 is crucial for maintaining the current bullish bias. Traders should monitor price action around this level, as a breach below 22,100 might indicate increased selling pressure, potentially leading to a decline towards 22,000. ### Trading Recommendation Traders are advised to closely observe price movements around the support and resistance levels. A breakout above 22,200 could signal a bullish continuation, while a breakdown below 22,100 might suggest a short-term bearish bias.
NSE:NIFTYLong
by santubittu
Nifty 50 Technical Analysis - 15th March 2024 Santu SahaNifty 50 Technical Analysis - 15th March 2024 ## Market Overview Let's examine the key support and resistance levels for Nifty 50 based on recent market movements. ### Support Levels **1. Support Levels: 22,100** - Initial support level holding firm. - Further support at 21,800. - A breach below 22,100 may lead to a downside move towards 21,900. ### Resistance Levels **1. Resistance Levels: 22,231** - Immediate resistance level to watch. - Significant resistance at 22,400. - A breakout above 22,231 could trigger an upside movement, targeting the next resistance at 22,400. ### Technical Insights #### Support Zone Analysis The support zone between 22,100 and 21,800 remains critical for sustaining the current bullish sentiment. A breakdown below 22,100 might signal increased selling pressure, potentially pushing the index towards 21,900. #### Resistance Zone Analysis Breaking above the resistance at 22,231 is essential for further bullish momentum. Traders should monitor price action around this level, as a decisive move above 22,231 could pave the way for a rally towards 22,400. ### Trading Recommendation Traders are advised to closely monitor price movements around the support and resistance levels. A breach below 22,100 could indicate a bearish bias, while a breakout above 22,231 might signal renewed bullish momentum towards 22,400. ### Disclaimer: Exercise Caution Given the current market conditions, it's crucial to trade with caution and implement effective risk management strategies. --- Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha Santu Saha
NSE:NIFTYLong
by santubittu
Nifty 50 Technical Analysis - 12th March 2024 Santu SahaNifty 50 Technical Analysis - 12th March 2024 ## Market Overview The Nifty 50 index is currently navigating through dynamic market conditions, with discernible support and resistance levels offering valuable insights for traders. Let's delve into the key levels shaping the market sentiment. ### Support Levels **1. Support Levels: 22,240** - Currently a pivotal support level. - A crucial zone to observe for potential downside movements. **2. Support Levels: 22,080** - Another critical support, reinforcing the downside safety net. ### Resistance Levels **1. Resistance Levels: 22,440** - Immediate resistance that the market needs to overcome. - A sustained trade above this level may signify a potential upside move. **2. Resistance Levels: 22,520** - A subsequent resistance level, suggesting increased resistance to upward movements. ### Technical Insights #### Support Zone Analysis The support zones at 22,240 and 22,080 serve as key areas to monitor. A breach below 22,240 could indicate a shift towards a bearish sentiment. #### Resistance Zone Analysis Overcoming the immediate resistance at 22,440 is crucial for bullish momentum. Traders should closely observe how the index behaves around this level for potential trend changes. ### Trading Recommendation Given the ongoing market dynamics, traders are advised to exercise caution. A decisive move below 22,240 might lead to further downside, while a sustained trade above 22,440 could pave the way for potential upside, targeting the subsequent resistance at 22,520. ### Follow Santu Saha Stocks Explore on LinkedIn For more market insights and updates, follow Santu Saha Stocks Explore on LinkedIn
NSE:NIFTY
by santubittu
Nifty 50 Technical Analysis - 8th March 2024Nifty 50 Technical Analysis - 8th March 2024 ## Market Overview The current market conditions for index trading, especially for option buyers, are proving to be highly volatile. Traders are advised to adopt a patient stance and await more stable conditions. Let's explore the key support and resistance levels for Nifty 50 to guide decision-making. ### Support Levels **1. Support Levels: 22,440** - A critical support level to monitor. - A break below this level may trigger a potential downward movement. ### Resistance Levels **1. Resistance Levels: 22,520** - Crucial resistance to observe. - A sustained trade above this level could signal an impending upside move. ### Technical Insights #### Support Zone Analysis The 22,440 level is of utmost importance as support. Traders should closely watch for any breach below this level, as it may indicate a shift towards a bearish sentiment. #### Resistance Zone Analysis A breakthrough and sustained trade above 22,520 could open doors for a potential upward trajectory. Until this resistance is convincingly surpassed, traders might opt for a more conservative approach. ### Trading Recommendation Given the current high volatility and uncertain market conditions, it is advisable for traders, especially option buyers, to exercise patience and wait for more stable trends. A decisive move below 22,440 may hint at further downside, while a sustained trade above 22,520 could be a signal for potential upside.
NSE:NIFTYLong
by santubittu
Nifty 50 Technical Analysis - 22nd February 2024 Nifty 50 Technical Analysis - 22nd February 2024 ## Overview Nifty 50 exhibited price movements aligned with our identified support and resistance levels. Traders are encouraged to closely monitor these levels for potential market insights. ### Support Levels **1. Support Zone 1: 22,100 to 22,000** - A crucial support zone that may provide stability. If the market opens above 22,100, this zone may act as support. ### Resistance Levels **1. Resistance Level 1: 22,214** - A key resistance level where option sellers may be waiting. However, as per the chart, there seems to be no significant resistance due to the all-time high. ### Technical Insights #### Support Levels Analysis The support zone of 22,100 to 22,000 is identified as a critical range for potential support. If the market opens above 22,100, this zone may act as a foundation for further stability. #### Resistance Level Analysis Resistance at 22,214 is noted, with caution for option sellers. However, the chart suggests that there might not be significant resistance due to the market being at an all-time high.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (19/02/2024)Nifty 50 Support and Resistance Levels (19/02/2024): #### Support Levels: 1. **Support Level 1:** 22,000 (Round Number) - A significant support level. If the market trades below 22,100, this level might act as a support. 2. **Support Level 2:** 21,900 - Another support level. If breached, it could lead to further downside movement, possibly towards 21,700. #### Resistance Level: 1. **Resistance Level:** 22,100 - A key resistance level. If the market breaks and sustains above 22,100, it could signal a potential upside movement. ### Technical Analysis Insights: - **Support Levels:** 22,000 and 21,900 are crucial levels where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Level:** 22,100 is a key level where selling pressure might intensify, limiting immediate upward movements. - **Downside Caution:** If the market breaks below 21,900, it might signal a potential downside move. - **Upside Breakout Confirmation:** For a potential upside movement, Nifty 50 needs to break and sustain above 22,100. Confirmation above this level would strengthen the bullish case.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (16/02/2024): Nifty 50 Support and Resistance Levels (16/02/2024): #### Support Levels: 1. **Support Level 1:** 21,900 - A crucial support level. If the market opens gap-up and breaks below 21,900, it might signal a potential downside move. 2. **Support Level 2:** 21,800 - Another significant support level. If breached, it could lead to further downside movement, possibly towards 21,730. #### Resistance Levels: 1. **Resistance Level 1:** 22,050 - A key resistance level. If the market reaches this level, it might face some resistance. 2. **Resistance Level 2:** 22,100 - Another resistance level in the upper range. ### Technical Analysis Insights: - **Support Levels:** 21,900, 21,800 are crucial levels where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Levels:** 22,050 and 22,100 are key levels where selling pressure might intensify, limiting immediate upward movements. - **Downside Caution:** If the market breaks below 21,900 or 21,800, it might signal a potential downside move. - **Upside Breakout Confirmation:** For a potential upside movement, Nifty 50 needs to break and sustain above 22,100. Confirmation above this level would strengthen the bullish case.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (09/02/2024) Nifty 50 Support and Resistance Levels (09/02/2024): #### Support Levels: 1. **Support Level 1:** 21,600 - A significant support level. If the market breaks below 21,600, it might signal a potential downside move towards 21,300. 2. **Support Level 2:** 21,300 - A critical support level. A break below this level could lead to further downside movement. #### Resistance Levels: 1. **Resistance Level 1:** 21,900 - A crucial resistance level. For an upside movement, Nifty 50 needs to trade above this level. 2. **Resistance Level 2:** 22,100 - A big resistance level. If the market trades between 21,900 to 21,700, it's advised to avoid trading until a clear breakout. ### Technical Analysis Insights: - **Support Levels:** 21,600 and 21,300 are crucial levels where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Levels:** 21,900 and 22,100 are key levels where selling pressure might intensify, limiting immediate upward movements. - **Avoid Trading Zone:** If the market trades between 21,900 to 21,700, it's advised to avoid trading until a clear breakout occurs.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (08/02/2024)Nifty 50 Support and Resistance Levels (08/02/2024): #### Support Levels: 1. **Support Level 1:** 21,900 - If the market breaks below 21,900, it could lead to a potential downside movement. 2. **Support Level 2:** 21,730 - Another crucial support level. If breached, it might signal a fall to 21,600. 3. **Support Level 3:** 21,600 - A key support level where significant buying interest might emerge. #### Resistance Levels: 1. **Resistance Level 1:** 22,100 - Currently, a significant resistance level. If the market opens gap-up between 22,000 to 21,900, it could act as a barrier. ### Technical Analysis Insights: - **Support Levels:** 21,900, 21,730, and 21,600 are crucial levels where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **Resistance Level:** 22,100 is a significant barrier for the market in the upper side. - **Downside Caution:** If the market breaks below 21,730, it might signal a potential downside move. - **Upside Breakout Confirmation:** For a potential upside movement, Nifty 50 needs to break and sustain above 22,100. Confirmation above this level would strengthen the bullish case.
NSE:NIFTYLong
by santubittu
Nifty 50 Support and Resistance Levels (07/02/2024):Nifty 50 Support and Resistance Levels (07/02/2024): #### Support Levels: 1. **Support Level 1:** 21,900 - If the market opens gap-up above this level, it could act as a potential support. 2. **Support Level 2:** 21,732 - Another support level where buying interest might emerge. 3. **Support Level 3:** 21,600 - If the market trades below 21,850, it might fall further to 21,700. #### Resistance Zone: 1. **Resistance Level:** No significant resistance until 22,000. - In the upper side, there isn't any strong resistance until 22,000. ### Technical Analysis Insights: - **Support Levels:** 21,900, 21,732, and 21,600 are crucial levels where buying interest might emerge, potentially leading to a reversal or temporary halt in the downward movement. - **No Strong Resistance:** Currently, there isn't any strong resistance until 22,000. - **Downside Caution:** If the market trades below 21,850, it might signal a potential downside move. - **Upside Breakout Confirmation:** For a potential upside movement, Nifty 50 needs to trade above 22,000. Confirmation above this level would strengthen the bullish case.
NSE:NIFTYLong
by santubittu