Niftyanalysis
NSE:NIFTY Analysis/Prediction for tomorrow 09-01-2023NSE:NIFTY Analysis/Prediction for tomorrow
For Flat Opening
🟢 Avoid CE
🔴 Buy PE near 17950
✔️ Target Should be 17775
For Gap-UP Opening (Below 17950)
🟢 Buy CE Above 18050
✔️ Target Should be 18200
🔴 Buy PE near 17950
✔️ Target Should be 17775
For Gap-Down Opening
🟢 Avoid CE
🔴 Buy PE near 17800
✔️ Target Should be 17575
Important Notes:
🚨 Gap-UP & Gap-Down more than 100 points wait for price action.
🚨 Gap-UP & Gap-Down up-to 60 points wait for a pullback.
⚠️ Wait for the 5-minute candle to close for confirmation.
⚠️ Trade Like Either SL or Target.
⚠️ Important: Always maintain your Risk & Reward Ratio.
Disclaimer:
I am not SEBI Registered Advisor.
My posts are purely for training and educational purposes.
Sectors : Outperforming / Underperforming Nifty Sector analysis
Outperformers :
1. PSU Banks
2. Auto
3. Pvt Banks
4. Finance
5. PSE
6. Metal
7. Infra
Underperformers :
1. Energy
2. Commodities
3. Pharma
4. Realty
5. Media
6. IT
Nifty 09 Jan 23 to 13 Jan 23 Short ,Medium and Long TermNifty 09 Jan 23 to 13 Jan 23 Short ,Medium and Long Term
Nifty closed at 17859 ( Prev Close 18105) with touching peak 18232 recovered from low 17806.
Nifty formed double bottom chart pattern in back to back week.
Oversold zone as per RSI (37) , Stochastics (27)
& MACD is in red zone (-91) and Reversal sign might be achieved in this week.
Nifty short term
Index will be range bound from 17750-18550 till budget.
Need to cross firmly above sustain above 18000 followed by 18260 to reach initial target of 18330/18440 and 18550 in the coming weeks.
If it falls below the current level, the next support is at 17782/17566/ 17472 fib 0.618 retracement.
Medium term target
18900
Long term target 19500 and then to 20500.
Nifty Bank Index is also under oversold zone, Stocks like Axis Bank, Kotak Bank, Ujjvan Small Fin bank and BOB looks promising. Budget / Budget Expectation will take fresh high above 18550 or take it below 17750.
Nifty for week 9 Jan 2023 to 13 Jan 2023Weekly Analysis
Last week Nifty opens with a slight gap, tested the previous week high's though did not sustain at highs, and moved lower and closed near the week's low.
Formed: Bear Candle
Price action combined weeks: Sideways {Inside candle - the price has been consolidating in a candle range for the past two weeks}
Seems like the price would trade sideways in the coming week as well and the range can get narrower and time for strangles
Weekly Support at 17670- 17850
Weekly Resistance at 18200-18400
NIFTY 50 VIEWNifty taking support from previous reversal point.
Expected a up move from here till 18000-18150 levels. If the market reverse from 18000-18150 levels the breakdown of the next support 17800 is quite possible.
Trade safe. Manage risk. Be profitable.
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Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
Nifty Outlook For 9th to 13th January 2023. Nifty is looking very fragile and holding on to a major support right now which is near 17775. Mostly we should see turnaround for Nifty from this levels on Monday but in case this support is broken and we see this support broken, then we will see a freefall till the levels of 17668 and 17397.
Below 17397 we have major support of 50 Weeks EMA which is near 17336. Breaking 17336 can further empower the bears who can rule the roost from then on have a further Iron grip of the market. The resistance on the upper side are at 18000, 18125 and 18251.
A turnaround on Monday or Tuesday can bring things in balance otherwise investors will have a tough next week which can test their patience.
NIFTY50 FOR MONDAY (09/01/2023)Hello ji,💔💔
....................................................................................
I hope Your Week are goes Good.
Engoy the Weekend..
ON Monday trade resistance and support levels are drown.
.....................................................................................
Nifty is at critical support zonefor the last 12 to 15 days the nifty is sideways, it wavering around critical support zone where multiple price patterns are confronting.
It is interesting to see, how these patterns unfold. As of now 2 weekly inside candles are form, it likely to create a range of 17700 to 18300 level over this month
NIFTY : View for 3rd JanNIFTY : Sellers trying to stop nifty but Bulls are working hard to hold levels. its important to watch Price action levels closely to understand who will win this fight.
Yesterday it went down and back again exactly touching indicator and created 2 green candle in hourly chart. change levels little bit to adjust price movement but my personal view is still up.
Lets see today's price action and levels.
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Disclaimer
I am not SEBI registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L"
Last view :
Comment:
1st Jan : Nifty was not able to sustain and down during last session. but its hold position exactly at hour support line. Still nifty is near support zone and bull can try again with double force to back in bull zone. Lets see Monday candle pattern
NiftyIT - historical performance since 2007The chart shows 15 years track record of the Nifty-IT sector.
Out-performers :
1. Coforge
2. HCLTech
3. TCS
4. Infy
Under-performers :
1. TechM
2. Mphasis
3. LTIM
4. Wipro
5. LTTS
When the IT sector starts to turn and takes charge in the sector rotation, I would be rooting for the historical out-performers which create value.
NIFTY 50 VIEWNifty breaking the support zone. It is good to wait for a retracement and then the fall could be continued.
It will be good to add some puts at the 18000 zone.
Wait for a reversal from 18000 level.
Trade safe. Manage risk. Be profitable.
Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries.
Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NIFTY Tomorrow for 6 Jan 2023Nifty 50 opens with a gap at 18087 vs the previous close at 18036.
Nifty immediate was resistance is at 18100-18125.
First Hour Candle did not take out the resistance nor the support, hence waited for further confirmation for new short trades.
Following hour prices did break the immediate support at 18030 and moved lower towards the next support levels around 17850
There is a formation of Cypher pattern on the hourly chart suggesting PRZ around 17900-17880.
Now what's for tomorrow
Today's candle is a bear candle with a long shadow, suggesting buying at lower areas and volatility may also rise.
The market might open flat or gap down tomorrow.
The market is near major demand 17850-17650, and rsi is also near 40 support hence careful with short trade positions, as we might see spikes.