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Nifty 50 Index or Indian stocks mkt Leader Nifty 50 index which is known as Indian stock market leader how to perform leader in coming days we try to understand. our nifty 50 index trade in bearish cycle for short time frame on daily chart and corrective wave on longer time frame on weekly chart. 1. First we try to understand on weekly chart 16000 sixteen thousand is major support level. 2. Daily analysis :- Index trade on bearish Elliott wave cycle 3rd impulse wave in progress which is complete at 16670-16700 range. and Harmonic XABCD, PRZ area matching in this range harmonic XABCD, D point 16700 two confirmation matching at this point so see price action at level and may be 4th corrective wave (or pullback) made and again break these level we can see 5th impulsive wave which is complete 16000 sixteen thousand range. Index trade in bearish shifting RSI zone. 3. We review when daily bearish short time wave complete. lets see. 4. This is a only education purpose before trade plan please guide your finance adviser.
NSE:NIFTY
by meenaanita613
10
NIFTY 50 - WEEKLY VIEW - 24-28TH MAYNIFTY 50 was in a perfect channel in the daily and weekly charts right from 15 February 2021 to 17 May 2021. Breakout from the channel occured on 18th May. The top of the channel has been retested and it from that exact level (14880) that the market rallied on Friday. For the coming the week, significant support for Nifty 50 exists at 15030 to 14950 - below which there will be sharp selling. However, the view is totally bullish for next week and it would be prudent to adopt a buy on dip strategy from the appropriate pivot levels in the coming days until proven wrong. Upside targets are 15335 and the all time high of 15430. If that is broken for the week, the next target could be around 15500. On Monday, if it turns out to be a very bullish day, RSI on the daily charts would move above 60 - indicating the start of an uptrend. Comments would be appreciated.
NSE:NIFTYLong
by bafnavaibhavbigb
7
NIFTY 50 - DAILY VIEWNIFTY 50 NIFTY 50 is trending in an upward triangle pattern. RSI is above 60, represents a strong uptrend in a daily chart. 9750-9575 is a strong demand zone. Unless broken, keep looking for buying opportunities on dips. 10400 is a nearby resistance level. Once broken with volume, 10700 & 10950 are the next resistances. If the low of 9575 is broken, we might see a steep fall. The next support is 8990, 8800 & 8640. KEEP AN EYE!! ***this is my personal view. Please take advice from your financial advisor before investing.
NSE:NIFTY
by Garey_Singh
NIFTY 50 MONTHLY CHART WITH LONG TERM TREND CHANNELNIFTY 50 monthly chart with EMA 55, comparing with its long-term trend channel indicates that markets have to trade above 10,200 levels to regain bullish trend. Until then, markets are likely to be consolidate within a bearish move, with short-term bull relief rallies, providing trading opportunities only. I have constructed an approximation of trend channel, using valuation reasonableness as a test. The best scenario one may expect with this rebound, NIFTY 50 index to undergo time correction, build momentum to resume the upward trend. Watch out for catalysts for perspective, especially from Indian Government's strong policy measure on multiple fronts with a medium term economic outlook, to support price action! Disclaimer: This is not a trading recommendation. I am not a SEBI registered Advisor. Investments are subject to market risks and you may consult your personal investment advisor prior to making investments.
NSE:NIFTY
by gvijikum
1
Nifty 50 may show further downside Nifty 50 has formed Three Inside Down candlestick pattern and the Bulls are losing momentum In Option Chain of Nifty 50, there is heavy call writing at 12000, 12050,12100 Levels so they will act as Strong Resistance On the 11950 levels, there is a good amount of call writing but put writing is less. On the 11900 levels, there is a good amount of call as well as put writing so you need to watch out 11900 levels but a Downside is surely expected Happy Trading .......
NSE:NIFTYShort
by Prem_Agrawal
2
Nifty 50 Moderately BearishNifty 50's Option Chain suggests trading level between 12000 to 12100 where 12000 is acting as immediate support, this support is signalling although there was not any Repo rate cut from the RBI but still Put Writers (Bulls) are Bullish on 12000 levels and their outlook has not been affected. The Candlestick pattern somewhat appears to be Dark Cloud Cover I am expecting Nifty 50 to be range bound and form a Doji or Spinning Top candle If Doji or Spinning Top candle would be formed it will show indecision and hence will confirm the further bearish move Although I am not expecting too much correction in the markets as the candle is somewhat Dark Cloud Cover and not confirms the market sentiment.
NSE:NIFTYShort
by Prem_Agrawal
NIFTY 50 NIFTY 50 : BREAKS PREVIOUS WEEKS LOW : 03-07DEC 2018 : 10588 : 26-30NOV 2018 : 10491 WHICH SEEMS TO BE BEARISH , IF IT BREAKS 10475 SELL @t ENTRY : 10474 STOP LOSS : 10600 TARGET 1 : 10442 TARGET 2 : 10432 TARGET 3 : 10411 TARGET 4 : 10348 NEWS UPDATES : Reserve Bank of India Governor Urjit Patel resigned today REMEMBER : STILL NIFTY 50 HAS TO BREAK 10941 TO CONTINUE POSITIVE TREND REFERENCE ORDER : DEC 3 / 2018 BUY @T ENTRY : 10942 STOP LOSS : 10835 TARGET 1 : 10968 TARGET 2 : 10977 TARGET 3 : 10995 TARGET 4 : 11049 FOR MORE DETAILS FOLLOW US : www.instagram.com : twitter.com
NSE:NIFTY
by GHSTOCKTRADING