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Niftyforecast

Will NIFTY50 fall?Regarding NIFTY 50 Index my expectation was that after a small growth, the g-wave from the diametric will be completed, then the price correction will start and the reason for it can be anything, definitely if the correction starts, the reason will be the war between India and Pakistan. Normal: The correction can continue up to the range of 23209-23456 and after spending the required time, start moving up. If this range is broken, the correction can end in the range of 22300-22700. Pessimistic: If the end of the wave-(D) is broken strongly, the upward movement that was formed from 21740 to 24593 will be considered as an X-wave and the wave-(D) will turn into a double pattern. Although the upward movement that formed from 21740 to 24593 does not have all the conditions of the X-wave, but when the market is not normal, we need to be a little flexible in our analysis. What will be the second pattern of the double combination? Usually, after the diametrics, the second pattern tends to be a neutral triangle or a contracting triangle or a reverse contracting triangle. But I will not comment on it now and wait for a few waves of the second pattern to form, then we can predict the pattern with more probability. Good luck NEoWave Chart
NSE:NIFTYShort
by NEoWave-Chart
Nifty Futures Intraday Trend Analysis for April 22, 2025The primary trend remains bullish as Nifty Futures continues to trade above the Sine Wave. However, Market Timing is indicating a bearish signal, which is further confirmed by the MastersCycleSignal indicator. If the price moves lower, the first support level is at 23,875, followed by a stronger support at 23,628 (Sine Wave level). This is my personal view. Traders are advised to rely on their technical analysis and always trade with a Stop-Loss.
NSE:NIFTY1!Short
by Mastersinnifty
World's best index-NIFTYNo doubt, When Nations struggling with all sorts of crisis, our INDIAN-NIFTY roaring to leap. The only source of investment . Chart clearly explains that no more significant downside, as the 4th wave retraced closer to 18200. coming weeks are just to accumulate valuable stocks, Hence until Feb'23 17800 will be a good support level. the final wave of 5 has 5 components with zigzag moves, trade carefully ,with low targets, quick profiting new buying will emerge from March'23 after 5th of 5th wave. happy trading!!
NSE:NIFTYShort
by selvamB
Morning Mantra - 10th February 2023Dear All, Fortunately, we got to witness a closing of above 17800 for two consecutive days. This altogether, strengthens our expectations towards the level of 18170 for the near term. However, it will be suggested to keep patience for now, since today is the last trading day of this week. As, the weekly closing will somehow help us to understand the Market's momentum for the upcoming days. Furthermore, if the Index manages to give us a weekly closing of above 17800 today, then our support level will once again shift from 17320 to 17800, as we usually say that, support = resistance = support. So for now, continue being stock specific and wait and watch for today's closing. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Top Down AnalysisThe idea here is about Nifty 50 Index : My view is Short term Neutral to Bearish (upcoming week) & then bullish for the below observed technical factors. Points as per TA observed on a Weekly, daily & Hourly Chart: Hourly Chart: 1. Bearish Crab Harmonic Pattern observed on a 1H & 4H chart. Target price & Stop Loss provided on chart as per below: 2. Ichimoku is Neutral to bearish since Chikou Span is below the price range & last trading hour was closed below the Senkou Span B: 3. Heikin Ashi, 1H before last closing session was indecisive, however the last hour closed on positive note, Pivots & 20 EMA are bearish since the last trading day was below the previous day closing as per below : Daily Chart: 4. Bearish NenStar Pattern observed on 1D chart. Target price & Stop Loss provided on chart as per below: 5. MACD is below signal line, with RSI @ 55.51 on daily chart with multiple divergences (MACD, MACD Histogram, RSI, VWMACD) as per below: 6. Raising wedge formation with over bought zone confirmation alongside RSI as per below: 7. Ichimoku in Strong buy since Chikou Span is above the price range & trading above Senkou Span A as per below : Weekly Chart: 8. Last week Candle almost ended as a tweezer top as per below: 9. A huge cup formation completed on weekly chart with Handle formation pending with Retracement support around 0.382 FIB with the least possibility according to the current trend as per below : 10. A 3 Drive harmonic pattern in formation observed, note since the market is on a strong trend have considered the retracement levels from 0.382(38.2%) to 0.5(50%) FIB with retracement targets & drive 3 targets on weekly chart as per below: 11. Ichimoku is currently under consolidation, however, the Chikou span is above the price range &trading above Senkou span A which is a strong bullish in long term as per below : 12. Wyckoff theory has a BOS (Break of Structure) since previous high on Oct 2021 & CHoCH(Change of Character) since Sept 2022, the CHoCH support is exactly @ 0.382 FIB on 3 Drive pattern & also a support on raising wedge bottom, with multiple divergence observed (MACD Histogram, RSI, MOM: Momentum, MFI: Money Flow Index). Therefore, 18096 target gets a multiple validations as per below: 13. Additional information: OI (Open Interest) max build for options expiring 15th Dec is around 18,600 for both CE & PE and Max PE is around 18000. NOTE: 14th Dec FOMC meeting outcome will also be a factor to be considered. Targets & Stop Loss provided in chart and screens for different time frames. Disclaimer: “The above is an Educational idea only and not any kind of financial or investment advice (Non SEBI registered). So, please do your own DD (Due Diligence) before any kind of investment”. Do you like my TA & ideas!! Want to keep yourself updated with current market action? Then don’t forget boost & subscribe for more analysis. The more boost & comments further more motivation for publishing. Let the Trading community & family know about your opinion with comments. Cheers.
NSE:NIFTY
by Tron029
Morning Mantra - 7th February, 2023Dear All, On observing yesterday’s market momentum, where Nifty had made a high of 17823.70 but had somehow failed to sustain above the level due to selling pressure. We can altogether see how crucial is the level of 17800 for the Market. Once again, Nifty seems to be finding difficulty to stably cross over the stated Resistance level of 17800. Moreover, on observing the formation of a bearish harami pattern on the day chart of Nifty, we can sense a little cautiousness in the Market for today. Nonetheless, we are still positively hopeful for the Market with the support of 17320. Thus in the meanwhile, stay cautious and be stock specific for now. Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya