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Nifty 50 Long Term Analysis and next Price prediction This is Nifty 50 long term analysis:- 16650-16900 Mark is expected to act as a long term strong support zone and if this held in the coming months , then nifty will start moving towards 18900 to all time high levels. Today 17/04/2023 nifty made low 17574, it is just a retest of breakout which we have seen in coming days. Some Immediate hurdle for nifty are at 18000 and 18150. On the indicator nifty is trading above 200-day EMA at 17524 which indicates strength and it can also work as stop loss for long term. Only problem we can see if nifty breaches their strong support zone which i have plotted on chart. Covid cases again started coming in and rapidly it's getting increasing in some city's but according to market behavior and structure market itself never reacts on same news again. This was my analyse for nifty 50. If anyone like's my work please support me by like, follow and comment your suggestion on my idea. Thankyou
NSE:NIFTYLong
by TraderRahulPal
2
Nifty Bank ShortDear Friends, I have plotted Nifty Bank in daily time frame. Here , it is clearly observed that Nifty Bank is under sliding parallel channel. Yesterday, Nifty Bank is about to cross sliding parallel channel. However, today; bear market is seen. Anybody can take fresh short position with Nifty Bank Index based on own risk tolerance. However, one should square off his/her position as and when Nifty Bank crosses sliding parallel channel from its above. Thank you very much for reading my article.
NSE:BANKNIFTYShort
by UnknownUnicorn39322609
PostMortem on BankNifty Today & Analysis of 05 APR 2023 RBI MPCBefore we get into today's analysis let us spend some time on Inflation, MPC minutes by RBI & health of banking sector. You might be aware we have the MPC minutes & interest rate decision tomorrow. There are 3 possible outcomes status quo dovish hawkish  What really prompts RBI to rate hike are 2 things Inflation Liquidity in the markets Now the last minutes showed RBI not planning to lower its guard on fighting inflation - read here. What this means is that the inflation is still persisting at the upper band of 6%. And thats not at all good news for the economy as the cost of products keep rising at a level which will push a lot of people into malnutrition. The best tool the central bank has to counter inflation is to slow the economy by making the borrowing costs higher. ie increase interest rate (hawkishness).  In spite of the recent rate hikes, the 10YR GOI bonds reference index is trading at 7.27%. The banks has raised their lending rates as well as the deposit rates - but this is not materially felt in the GOI bonds or Gsecs. For comparison purpose, the 10YR US bonds has been plotted against the 10YR IN. Look at how steadily we have maintained a range whereas US bond rates has climbed 700% from the swing low. What I am trying to say is that the recent rate hikes here has not impacted the stock market, only if the higher tenure bond rates go up we can expect the stock market to fall. ie. people liquidating their equity scrips in favor of GOI bonds to get assured returns. Now the real reason why the Gsecs are not providing yields above 7.5% is something I have no clue on.  What happens if RBI increases the rates too much? The borrowers will have to cut down their expenses, capex etc to save money and reduce dependence on loans. One of the best way to do that is to reduce the employee strength. None of the previous rate hikes has triggered such a situation, RBI is also playing safe not to push it too much - a political move fearing the 2024 elections? I do not know.  Until they do that, people will continue to spend very heavily on commodity which will help inflation stay elevated. Recently the Govt. of India removed the LTCG indexation benefit for debt funds. Indexation benefit is the only thing that really accounts for the failure of the government in controlling the inflation. Because higher the inflation lesser will be the capital gains tax for the debt funds. Now the removal of this inflation index from picture is an open license to let inflation run elevated? I do not know. --- Coming back to the analysis part, NSE:BANKNIFTY opened well above the resistance level of 40880 at 40972. Made a strong 1st candle briefly coming below this SR and then closed higher indicating bulls may be in control. Today's NSE:BANKNIFTY performance might be skewed due to the moves in NSE:HDFCBANK - I am yet to figure out why we had a 2.68% gain in HDFCBK the highest weighted stock in bank nifty index. If you look at the opening minutes of the other major banks the counter balance trades that had to be done to keep NSE:BANKNIFTY at neutral position was so huge. NSE:ICICIBANK , NSE:KOTAKBANK , NSE:AXISBANK & NSE:SBIN had to go into negative territory to compensate for the weight exerted by NSE:HDFCBANK . And for some reasons these were not impacting the option prices. On some other day the option premiums would have shot up due to the uncertainty - but today we had a below normal premiums. Even with the MPC scheduled for tomorrow - there was no fear ! The option prices dipped below the usual Wednesday closing averages. --- 15mts chart is looking bullish now with the top most support point well defended. Bears can only hope we have a pull back rally, if they are lucky the HDFCbk trades could reverse tomorrow bringing NSE:BANKNIFTY back to the range. Charts do not work on hopes, but we humans do! --- 1hr is not bearish nor bullish. Further resistance break out will shift the sentiment in favor of the bulls. A decent pull back should be in the cards because of the distance price has covered from 27th March.
NSE:BANKNIFTY
by viswaram
Infosys - low risk high reward long Swing trade opportunity Infosys is currently trading within a robust support zone that is visible on both monthly and weekly time frames. The stock has already responded positively to the weekly demand zone and formed a bullish engulfing candle on the weekly time frame. Additionally, selling volume has been decreasing, and a bullish divergence has emerged on the daily time frame as confirmed by the Wave Volume Divergence Indicator. A strong support line, represented by the purple line plotted on all three time frames, making it a low-risk, high-reward trade opportunity to initiate a long position near that level. The Daily Time frame displays a 1:2 position, and the first target has been identified. To maximize potential profits from this trade, traders can trail both their Stop Loss and Target. In conclusion, Infosys is currently presenting an enticing trading opportunity, as it is trading within a robust support zone visible on multiple time frames, and has formed a bullish engulfing candle on the weekly chart. Coupled with a decrease in selling volume and a bullish divergence confirmed by the Wave Volume Divergence Indicator, it appears to be a low-risk, high-reward trade to initiate a long position near the strong support zone. I am not a SEBI registered individual; my analysis is only for educational purposes. If you find my analysis helpful, I'd appreciate it if you could like it and follow me on TradingView for more analysis like this.
NSE:INFYLong
by AfnanTAjuddin
BANKNIFTY Intraday Trade Setup For 5 Apr 2023BANKNIFTY Intraday Trade Setup For 5 Apr 2023 Buy-Above 40860 Sl-40750 T- 41130 41350 Sell-Below 40650 Sl-40760 T- 40438 40180 BANKNIFTY closed on a bullish sentiment with 0.5% gain on Monday. Last day buy triggered as per trade setup. It gave a move from 40700 till 40850+. Bullishness will be intact till we safeguard PDL (CB). 1000+ points gained after we initiated buy @39710 shared on 20 Mar trade setup. Now trail sl aggressively with hourly swing lows or PDL on closing basis. Projected target is near 41350. Keep an eye on the trendline plotted in 15 Min TF. Coming to Wednesday's trade setup, if index opens flat and a 15 Min candle closes above 40860 then we will long for the target of 41130 and 41350. For selling we need a 15 Min candle close below 40650. T- 40438 and 40180. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout.
NSE:BANKNIFTY
by Omahto
TREND IS YOUR FRIEND Hello Guys I am sharing the daily chart of Bank nifty with indicator Super trend plotted on it as you read the title that of this idea that trend is your friend so I choose super trend for some identifications apart of price action, So I am sharing this idea purely for educational purpose that is why the reason I am not tagging this idea in short category and second reason is that I am so late for a fresh short specially in this instrument Although I published an idea like this on Nifty but did not noticed this index at that time but some how it can help out for those who remained as a short position or those who want to add on dips with well placed supports. 💡 So as we can see that it made a rounding top by taking a resistance by curved trendline and some how got rejected by both (Super trend) at the same time and marching towards it's supports so as of now 37900 is looking good support zone by Super trend indicator. 💡 PRICE ACTION SUPPORT-: This is identified by price which is you can say that was previous resistance now can act as a support 💡 Probably it can or it will work for Trend traders, 💡 Comments, likes, suggestions and Rectifications are most welcome 💡 Trend is your friend always try to follow this do not try to oppose it ✌️ 𝐍𝐎𝐓𝐄-: 𝐓𝐇𝐈𝐒 𝐈𝐃𝐄𝐀 𝐈𝐒 𝐎𝐍𝐋𝐘 𝐅𝐎𝐑 𝐄𝐃𝐔𝐂𝐀𝐓𝐈𝐎𝐍𝐀𝐋 𝐏𝐔𝐑𝐏𝐎𝐒𝐄. 𝐑𝐞𝐠𝐚𝐫𝐝𝐬-: 𝐀𝐦𝐢𝐭 𝐑𝐚𝐣𝐚𝐧
NSE:BANKNIFTY
by AMIT-RAJAN
8
niftyFor ..... KAPIL MITTAL............... This will be my LAST post for some time to come as I am busy with other things. I'll TRY and come every now and then... to HELP YOU ALL. The Plottings on this Nifty chart are done from a DECADAL point of view. By DECADAL I mean that the Indian market has ELECTRONICALLY LOGGED DATA ONLY from 1990, and hence I cannot even TERM it as a CYCLE. Likewise... the DJIA has data going back almost 100-150 years and hence each and every CYCLE which played out is Recorded in its HISTORY BOOKS. Electronically speaking.... the NIFTY is ONLY 33 years of AGE. What I have plotted from a 33 years cycle are the waves which played out from 1990, and I have to admitt.... in as Much as I gave a figure 0f 35000-39000, IT WILL """" NOT""" Play out Immediatelly. Structurally, we are in wave 3 of 5..... playing out currently in subwaves. FOMO happened during the COVID ERA @ wave 3 UP.15400 odd was wave 4 down @ shallow wave.... we are now approaching 23900, which will be the TOP for now. However this is with a single RIDER. Subwaves are known to be shallow in NATURE, and so I m going by the HYPOTHESIS that subwave 4 """ MAY/CAN"" be shallow in Nature. Should this turn out to be true.... we will head for 34900 in NO TIME.... Else.... The Market will take a Long PAUSE/BREATHER
NSE:NIFTYLong
by deepgups