Good Closing by Nifty: Trump Tariff decision awaits us next weekNifty closed the week at 25461 well after gaining 130 points from Friday low of 25331. Overall Nifty closed 55 point positive from Thursday closing. This was a very smart recovery of Nifty from the lows of the day but we are heading towards Trump Tariff deadline of 9th July. That has potential to shake the market and move it any direction so investors should keep an eye on the developments and keep their stop losses and trailing stop losses in place. Overall Nifty is on the path to V shaped recovery as indicated in the chart. If everything works out in favour of India in the negotiation the 816 point gap from previous all time high will be bridged sooner than later. Once we reach the Previous All-time high the recovery will be complete. But we have to be cautiously optimistic.
Nifty supports currently remain at: 25331, 25072, 24843, 24481. If 24481 is broken than Bears will try to drag Nifty towards 23840 (Which is the Mother line of Weekly Chart).
Nifty Resistances currently remain at: 25666 (Trend line Resistance), 25870, 26075, 26277 (Previous All time high).
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Niftyweeklychart
Nifty Weekly Analysis Aug 7 - 11🔍 Analysis on Nifty for the Upcoming Week 🔮
Aug 7 - Aug 11
The Nifty index seems to exhibit a bullish trend in the long-term & bearish trend in the short-term, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19235, 19300, 19750, 19800, and 19990.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19800, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19190, confirmed by a strong and clear daily candle, it may signal a decline towards the 18890 level.
Nifty Weekly Analysis Jul 31 - Aug 4🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 31 - Aug 4
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19560, 19865, & 19990.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a directional view (Bullish).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level.
📊 Support Level:
As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
Nifty Weekly Analysis for Jul 24 - 28🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 24 - 28
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19560, 19990.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level.
📊 Support Level:
As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
Nifty Weekly Analysis for Jun 12 - 16🔍 Analysis on Nifty for the Upcoming Week 🔮
Jun 12 - 16
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18250, 18530, 18535, 18660, 18775, & 18885.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional market, potentially characterized by a sideways pattern.
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18780, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18530, confirmed by a strong and clear daily candle, it may signal a decline towards the 18250 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18530, the market can be viewed as bullish.
Nifty Weekly Analysis for Jun 5 - 9The Nifty index displays a bullish trend in both the long-term and short-term, as indicated by the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's crucial to keep an eye on the following key levels: 18251, 18465, 18535, 18660, 18890.
🔎 Outlook:
The outlook for the upcoming week's trading suggests a non-directional market, potentially characterized by a sideways pattern.
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 18660, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 18465, confirmed by a strong and clear daily candle, it may signal a decline towards the 18050 level.
📊 Support Level:
As long as Nifty sustains above the support level of 18465, the market can be viewed as bullish.
👀 Stay vigilant and closely monitor the price action throughout the week to make informed trading decisions. Good luck! 🚀💼
Nifty Weekly Analysis for May 22-26Analysis on nifty for upcoming week May 22-26:
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
In the upcoming week, it's important to monitor key levels 18060, 18065, 18090, 18105, 18250, & 18460.
My outlook:
The outlook for the upcoming week's trading appears to be non-directional, with the possibility of nifty remaining in a sideways pattern.
If nifty breaks out above 18460 with a strong and clear daily candle, it could indicate a bullish market trend.
However, if nifty breaks down below 18060 with a strong and clear daily candle, it could signify the entry of bears into the market.
As long as nifty sustains above the support level of 18060, the market can be viewed as bullish.
Nifty Weekly Analysis for May 15-19Analysis on nifty for upcoming week May 15-19:
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
In the upcoming week, it's important to monitor key levels 18065, 18090, 18100, 18105, 18250, & 18389.
My outlook:
The upcoming trading week looks like non-directional, nifty may stay sideways.
If nifty BO 18390 with strong & clear daily candle then we can expect market to be bullish.
If nifty BD 18250 with strong & clear daily candle then we can expect bears are entering into market.
Until nifty sustains above 18250, we can remain bullish on market.
Nifty Weekly Analysis for May 8-12Analysis on nifty for upcoming week May 8-12:
The Nifty index seems to exhibit a bullish trend in the long-term while showing bearish in the short-term, according to the market structure.
In the upcoming week, it's important to monitor key levels 18040, 18065, 18090, 18105, 18250, & 18270
My outlook:
The upcoming trading week looks like crucial for bulls. Till now bulls had run a quick up trend with gap ups & big green candles of 1300 pts in 21 trading days.
Bulls looks like they have exhausted slightly, on the last trading day, the entry of bears are strong & clear with huge gap down & closed below the opening.
In coming week if nifty sustains above 18040-18105 then we can expect a minor consolidation, until nifty BREAKOUT strong resistance 18250 with strong & clear candle.
In case if nifty BREAKDOWN 18040 level with strong & clear candle in daily time frame, then bears will take control and we may see bear trend to unleash.