Nifty 50 Index finished a choppy session flat on Thursday, as gains in select financial stocks were offset by losses in the IT, metal and auto sectors. The index closed its rangebound session on a negative note, the monthly expiry day for June F&O. India VIX (Volatility) cooled down a bit to 21.84 levels, but still above the crucial 20 mark which can favour bears...
Monthly closing of Nifty was not bad and above 15500 levels despite spreading global gloom. However it does not show we are out of troubled waters. All is well till we are above 15500 levels. Below 15500 levels there are two major supports. One is recent bottom near 15180 levels. If this is by chance taken down in July we will be left with a major strong Fibonacci...
Nifty will again try to test and break the resistance between 15800-15930 range. If it is successful we might see Nifty go up to 16150 to 16400 range. In case Nifty is not able to clear the important hurdle, we might see it testing the supports again. The evident supports for Nifty are at 15680, 15622 and finally 15559. Falling below 15559 will take Nifty towards...
Hi Traders/Investors, NIFTY is looking quite neutral as this point, waiting for the news on US GDP data. NIFTY took support from the Trendline in the morning and also closed exactly at the same Upward trendline. On UPSIDE, strong resistance is from SELL ZONE between 15927 - 15927 levels, crossing which it would go for Gap filling from 15927 to all the way till...
Hi Traders/Investors, Today NSE:NIFTY1! gave a perfect closing on the Upward trendline in GREEN in chart. Depends on how US markets respond today, they're pretty indecisive as they and the whole world is waiting for US GDP data which would come tonight. Depending on it, if US Markets responds in a positive mood, then we would rally as well. NIFTY would most...
Hi Traders/Investors, I see NIFTY on Friday 26th 2022, couldn't close above 21st June's High price of 15707 and secondly it closed below 15700. I know DOW and S&P500 both closed well in green with more than 2.6 - 3% on Upside. But when I see NIFTY chart and Open Interest in the system, there are lot more Calls in system than Puts. Also, if I see FII data they...
Nifty confirmed support at 15180-191 range and pushed ahead. Time will tell if this is a temporary or permanent support but for now a closing on Friday above 15650 levels is a good sign for now. Closing above near term resistance of 15750 would have been even better but current closing is also not bad. Support and resistances in the near term are as under: Nifty...
NIFTY can continue upward trajectory as its following the Upward Trendline and may face resistance from whole Sell Zone, specially at 15887 level and if it crosses this then it would be a sharp rise to 16172 for Gap filling On Downside, today's low would act as support 15367, if it falls next support is at 15150.
Nifty50 is in strong Downside momentum 1. Nifty50 is forming lower high pattern which indicates market is in downtrend 2. ADX shows the short-term uptrend is weak and its show the maximum strength in downside 3. RSI is in oversold region; RSI will rebound, and Fall after Nifty reaches 15890 4. I am expecting a rejection over above 15886 level and then Nifty will...
NSE:NIFTY forming a perfect Cup and Holder pattern on charts. Top of the 15710 makes for a crucial Make or Break levels, as NIFTY can either continue upward momentum and cross the top of CUP and HOLDER, or can fall back sharply from here. I would wait for either scenario to happen and take LONG or SHORT positions based on it.
Market is trying to form a bottom or at least a temporary bottom near 15184 levels. Crossing 15676 is the key. If this level is crossed the next resistance will be near 15887. Crossing 15887 will open the doors for 16300, 16796 and if all goes well 17300 levels. On the down side if 15184 is broken the only support will be at 15050. Falling below 15050 will unleash...
NSE:NIFTY NIFTY made a pretty good Directional move on the UPSIDE. It touched 15700 and from there some selling came in. It almost reached our SELL Zone which is still intact. NIFTY might face huge resistance in this Sell Zone between 15730 - 15950 levels, specially at 15887 level from where the last big fall came in. On Downside, 15460 level is a major Support...
Nifty gave a good closing today despite mayhem continuing in broader markets. Supports for Nifty are at 15180 levels and below that at 15050 level. Resistances on the top side are 15429, 15647 and 15887. If 15887 is crossed we can see a rally upto 16158 levels. This would be considered if it happens as relief rally only. We are not yet out of sell on rise market...
NSE:NIFTY is currently in a make or break situation currently. Today's market move was not very decisive on Upside despite NIFTY closed in Green. If NIFTY manages to hold this position of 15157 lvl and consolidates for next few days, only then we would see a good Upward momentum. On Downside, if NSE:NIFTY breaks 15157 on high volumes, then it would be a free...
The index is trading within 200 points range. Let one 15 min candle close out of this range for breakout confirmation either side. Potential target will be 200 points as it is 200 points range. #nifty
Next support level for nifty. Rebound is going to come from somewhere between 15310 - 15120 - 14900 level. This rebound will take nifty to level of 16000-16400 and next 3 months nifty will spend between the 15300-16400. By Sep - Oct nifty will make bottom at 14400-14300. There are lot of reasons technically 1. 20% correction from the top comes at 14900. 2....
NIFTY is in search of Bottom which might be around current zone to 15590. if 15590 is broken we may be heading for a sub 15K bottom near 14779 range. 14779 can provide a very strong support on the lower side and on the upper side now 15900, 16200 and 16400 will be strong resistances. Short covering that might come after bottom formation will be very fast and...