Every Index is showing weaknessNifty Next 50 CMP 63862
Elliott- its the C wave correction and has just started.
Breakdown- On the weekly chart the Index staged a breakdown. The weakness will be felt from here on.
MA- on the confluence of the MA's on the weekly chart depicts weakness. On the monthly chart the Index closed at
Nifty Next 50 Index
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VWAP stands for Vo
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NIFTY NEXT 50 (NIFTY JR.) Analysis 24-May-2025: BULL or BEAR?LTP: 67095
Resistance: 67750
Supports: 57250/56189
As per this chart, there are two wave counts visible.
BEARISH SCENARIO:
If the move from 56189, is a leading diagonal, then we can see bigger correction towards 63400/62000 before BIG REVERSAL towards 77-80K first.
BULLISH SCENARIO:
Else if 57250
Last one week of painNifty Next 50 CMP 59550
Elliott- This is the bullish ABC correction called zig zag. This is the only correction that starts with a 5 wave down. The fifth wave of C should end round about the current zone. This week candle should be a Doji. So very likely it will start the week down but then shoul
NIFTY JR / NEXT 50 ANALYSIS 23-NOV-2024LTP: 68016
Support: 65713
Recent Low: 65996
Immediate Resistances: 68334/68921
As long as 65713 holds support and a decisive break of 68334/68921, we can see bull run in the coming months towards 80K.
NOTE: Critical level 65713/63707.
It these levels break it can go to 60K-58K before reversal.
ULT
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's value movements over previous years to identify recurring trends.









