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Niftybearish

Nifty50 in negative zone : Be cautiousHello Friends, After analyzing the long-term chart of the Nifty50 Index, I believe it has entered a negative zone. Therefore, I advise caution before taking long positions. It is wise to avoid speculation and naked derivative positions. If you decide to trade, please do so with strict stop-loss orders; otherwise, it may be best to refrain from initiating fresh positions. I believe the Nifty50 has strong support at 22000 levels. However, any entry at those levels should depend on market movement and sentiment at that time. It is important to note that this is not the time to book losses or exit in a panic, nor to re-enter at 22000 levels. I recommend holding existing positions and staying patient. These are merely my observations regarding the market, and readers may have differing opinions.
NSE:NIFTY
by Hobbytopassion_ManishJain
#Nifty50 outlook for upcoming week 11-15th Nov 2024Nifty Weekly Recap: A Tug-of-War Continues The Nifty 50 index concluded the week at 24,148, marking a 150-point decline from the previous week's close. It oscillated within a tight range of 24,537 and 23,816, as predicted. While the VIX index shows signs of cooling down, the Nifty is expected to trade between 24,700 and 23,550 , with a potential breakout on either side. The weekly candle suggests a balanced market, with no clear direction. A Cautionary Tale from the Monthly Chart However, the monthly chart paints a different picture. The current pattern bears a striking resemblance to the one observed between April and June 2022. If history repeats itself, the Nifty could face another downward spiral, potentially testing support levels of 23,250 and 21,555. To regain its bullish momentum, the index must decisively close above 24,550, a feat that seems challenging in the current market conditions. US Markets: A Bullish Run Fueled by Trump's Reelection The S&P 500 index soared to an all-time high weekly close of 5,995, reaching a peak of 6,012 and a low of 5,696. Trump's reelection has ignited a rally in the US market, propelling it to new heights. For further upside, the index must sustain above the crucial 6,013 Fibonacci level. If it manages to do so, it could target 6,142, 6,225, 6,376, 6,454, 6,520, or even 6,568. Impact of US Markets on India The question remains: How will the US market's bullish run impact Indian equities? As investors closely monitor global cues, the Nifty's trajectory will depend on a delicate balance of domestic factors and international sentiment.
NSE:NIFTYShort
by ssudhirsharma11