Nifty 17 Apr 23 to 21 Apr 23 Short ,Medium and Long Term Nifty touched a high of 17638 and low of 17610. Nifty closed at 17828 (Prev Close 17601). Nifty Crossed crucial resistance of 17690 last week. Medium Term call for buy on dips worked well Nifty Bank, Nifty IT and Nifty 50 increased by 5% from low. Especially Nifty bank surpassed ( 7.5%) other indices. Buy...
Nifty 10 Apr 23 to 13 Apr 23 Short ,Medium and Long Term Nifty touched a high of 17638 and low of 17310. Nifty closed at 17599 (Prev Close 17359). Global Economy is reversing but lot of agencies have given cautious & weakest growth % of 2-3% for next 5 years. Interest rate are at peak and signs of reversal and inflation are reducing. But Threat of Geopolitical...
Nifty 3 Apr 23 to 06 Apr 23 Short ,Medium and Long Term Nifty touched a high of 17386 and low of 16842. Nifty closed at 17359 ( Prev Close 16845). Global economy outlook by rating agencies are having green shoots and Markets have raised last week and lead to short covering of the Nifty and Nifty Bank Index and related stocks. Buy for Medium Term ( Low on Dip...
Nifty 27 Mar 23 to 31 Mar 23 Short ,Medium and Long Term Nifty touched a high of 17530 and low of 16850. Nifty closed at 16945 (Prev Close 17100). As per the last week call, Nifty went down and tested 16923. RSI , stochastic and MACD still at oversold zone and yet to recover / Cross the Signal / Moving Average. Nifty might fall further as there is monthly...
Nifty 20 Mar 23 to 24 Mar 23 Short ,Medium and Long Term Nifty touched a high of 17530 and low of 16850. Nifty closed at 17100 ( Prev close 17413 ) due to US Bank/ Global issues. As per the last week call, Nifty went down and tested 17000 & further touched mid term support 16850. RSI , stochastic and MACD at oversold zone and yet to recover / Cross the Signal /...
Nifty 13 Mar 23 to 17 Mar 23 Short ,Medium and Long Term Nifty touched a high of 17801 and low of 17331. Nifty closed at 17413 ( Prev close 17594 ) due to US Bank issues. Nifty to go down and test 17133/17088/17000 in the coming week. RSI , stochastic and MACD have recovered and increased, later declined at the end of week to selling zone. Markwt still not in...
Nifty 06 Mar 23 to 10 Mar 23 Short ,Medium and Long Term Nifty 17300 /17200 support provided last week acted very well. Nifty closed at 17594 ( Prev close 17465 ) Nifty touched a high of 17638 and low of 17273. RSI, stochastic and MACD are in recovery zone. Nifty short term - Will be upwards but need to cross the crucial resistance as mentioned below. Nifty...
Nifty 27 Feb 23 to 3 Mar 23 Short ,Medium and Long Term Nifty closed at 17465 ( Prev close 17944) Nifty touched a high of 17989 and fallen to low of 17429 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. RSI stochastic and MACD are in negative zone and in oversold position and also there is no...
Nifty 20 Feb 23 to 24 FEB 23 Short ,Medium and Long Term Nifty closed at 17944 ( Prev close 17856) Neutral Strategy was given for Last two weeks and buy on dip for Medium Term & Long Term Investors for the past few weeks and to continue the same. Nifty touched a low of 17721 last week. Market may further move sidewards for few more weeks for decisive movement...
Nifty 13 Feb 23 to 17 FEB 23 Short ,Medium and Long Term Nifty closed at 17856 ( Prev close 17754) Neutral Strategy was given Last week and as expected market didnt showed any sign to move upwards for the week. Nifty touched a low of 17662 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. Though...
Nifty 06 Feb 23 to 10 FEB 23 Short ,Medium and Long Term Nifty closed at 17854 ( Prev close 17604) Short Call was given temporarily ast week. Nifty touched a low of 17355 broken the 17435 support and sustained above MA 200- 17290 Level. Accumulate on dips was provided with Support mentioned above and it worked as well. It was a buying opportunity at that...
Nifty 30 Jan 23 to 3 FEB 23 Short ,Medium and Long Term Nifty closed at 17605 ( Prev close 18057) Nifty in Deep Red Zone due to Hindenberg report Adani Stocks befor FPO and budget. Q3 Results didnt entralled the investors to the expectation so far, except Banking sector results. Banking sector posted good performance(results) as mentioned in last 2 weeks...
Nifty 23 Jan 23 to 27 Jan 23 Short ,Medium and Long Term Nifty closed at 18027 (Prev close 17956) As highlighted in prev weeks nifty is in sideways movement. Q3 Results didnt entralled the investors to the expectation, except Banking sector results. Banking sector good performance(results) was expected as mentioned in last 2 weeks analysis but the bank index...
Nifty 16 Jan 23 to 20 Jan 23 Short ,Medium and Long Term Nifty closed at 17956 ( Prev Close 17859) Nifty formed double bottom chart pattern in last week. As highlighted in prev week there was an immediate strong upward movement to regain 18100+ level and dropped to 17761, finally ended up with positive compared to previous week by near to 100 Points. This shows...
Nifty 09 Jan 23 to 13 Jan 23 Short ,Medium and Long Term Nifty closed at 17859 ( Prev Close 18105) with touching peak 18232 recovered from low 17806. Nifty formed double bottom chart pattern in back to back week. Oversold zone as per RSI (37) , Stochastics (27) & MACD is in red zone (-91) and Reversal sign might be achieved in this week. Nifty short...
Nifty 02 Jan 23 to 6 Jan 23 Short ,Medium and Long Term Nifty closed at 18105 with touching peak 18265 recovered from low 17805 as mentioned last week analysis after covid threat subsidised. Nifty very well moved along the trendline shown in the chart (Blue & red line) 17800-18260. This was specified in previous week report. Nifty short term need to cross...
Nifty 26 Dec 22 to 30 Dec 22 Short ,Medium and Long Term Nifty closed at 17806 with touching peak 18453 and low 17779 Nifty was highly volatile last week due to covid threat. Nifty broke the short term support of 18000 to 18100. Nifty under key support trendline as mentioned in last week.Nifty is in crucial 50 %retracement level of 17817 and 17840 MA 50...
Nifty 19 Dec22 to 23 Dec 22- Short Term Medium term and Long term Analysis Nifty closed at 18269 (From prev week close of 18496) As mentioned clearly in previous week Short term Market will be down due to profit booking. However medium term is intact if above 17760 level ( MA 100 days ), Feb month high of 17796. Last week markets clearly broke the MA21...