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Niftysetup

NIFTY--Inverse H&S PatternI am sharing the important levels of Support and Resistance. These levels play a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling pressure typically prevents the asset from rising higher. They serve as key reference points for technical analysis
NSE:NIFTY
by IIT-Trader
7
Nifty bulls control the moments As we have been discussing Nifty Analysis posts NIFTY continious to it's bullish trend. Yesterday also it gave a nice bull move as we discussed in our last expiry analysis. Market is Strong Bullish in this week. data indicate the bullish move is not yet ended. As market Strong resistance has already broken. So, It should act as a nice support here onwards. Our view for today's market will be not strong bullish, also not bearish. Nifty might go upto 19850 where it might face a minar resistance. Today's momentum is expected to sideways . Reason : 1. whole week bull momentum. 2. RSI is in Bullish reason and showing good strength. 3. SGX Nifty is opening near 19800. 4. PCR = 1.29 Verdict : Sideways momentum is expected Plan of action : Sell 19800 CE and sell 19650 PE
NSE:NIFTY
by finnova_
Rebound from support for Nifty but we are not out of danger yetNifty after opening gap down got a good support around 16843 and ended around 0.67% in negative at 17092. Resistances on upper side are at 17124, 17353 before it reaches major resistance of 50 days EMA at 17445. On the lower side today’s low 16843 is a great support. Below 16843 the major supports will be near 16721 which is 200 days EMA and 16419. If Nifty goes below 16419 which is less likely but there can be major selling in case of further escalation of tensions between Russia, Ukraine and other EU nations in addition to US. In worst case scenario Nifty can test a major support near 15437. This will be only in worst case scenario. As of now Nifty closing above 17050 is a good sign.
NSE:NIFTY
by Happy_Candles_Investment
We saw a Big indecisive Doji fluctuating with Geopolitical movesWhat we saw today in the market was volatility led by geo-political moves. Every positive news sent the Nifty up and negative news sent nifty down in a day full of fluctuating fortunes. Nifty index ended close to 70 points in negative but Mid-cap and small-cap index were bleeding with deep cuts as Mid cap index ended 1.24% negative, small cap index was hit worse and was seen reeling at 2.73% in negative. Worst might not be over yet as fear of massive war lingers on in Europe. What we can see tomorrow or the day after would be a dead cat bounce in these two indices where most investors will sell on rise. What to do? Select Fundamentally strong scripts where valuations are attractive, company is debt free and there is Zero or low promoter pledging and buy in SIP. Buy in Parts. Levels to watch out for: 17071, 16925 on the lower side might support the Nifty. 17230, 17283 and 17353 will prove to be resistances. Be very selective in selection of stock. 'Cash in hand' can also be an important position.
NSE:NIFTY
by Happy_Candles_Investment
NIFTY CHANNEL PATTERN Hello Welcome to this analysis about NIFTY , we are looking at daily timeframe perspectives. NIFTY is developing here that will be a decisive factor in the upcoming times. I discovered the main formation NIFTY is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how NIFTY has emerged with this key channel pattern marked in my chart with boundaries. which is an important resistance and also psychological resistance-mark together with the upper -boundary of the channel-formation a pullback In this manner, thank you for watching my update-analysis about NIFTY and its major channel-formation with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
NSE:NIFTYShort
by shanechart
Nifty (Short): Bearish Crab Pattern & Double TopBearish Crab Pattern Completion Market is consolidating for past two days Nifty has Double top formation near Crab Completion Though it took out my stops on previous trade, we got another chance to enter at more better spot with Double Top. While I am posting this its forming bearish doji, enter this trade after the current candle closes in Bearish mode We are targeting around 7900's (300 points) , so 100 -150 point stops ( 8300;s) won't do much damage. But if you are very conservative trader, Please dont risk.
NSE:NIFTYShort
by InsiderB
9