Nasdaq at 11105 current level, Currently on a rising wedge pattern. If a break out happens above 11720- 11750 going past above the wedge, it can take it to initial target of 13100. On a downside, since currently markets are less than MA 50 level, the side ward movement continues. it needs a clear break out above 11185 level, and move past 11450 ( Prev high)
Nifty 12 Dec22 to 16 Dec 22 ST MT LT Nifty closed at 18496 (from prev week close of 18696) Last week markets broke the MA21 support (considered for short term)at 18495 and touched low of 18410, regained and closed at 18495. Short term Market will be down. However medium term is intact if markets are above 18000 level. Key supports at 18425, 18350(prev high),...
Nifty 05-Dec-22 to 09-Dec-22 (ST, MT & LT ) Analysis Nifty closed at 18696 from 18512 from last week Market as predicted crossed key Mid Term Target of 18604 and touched peak 18882 and reversed to 18696. RSI 54 (72 Prev Week), RSI MA 70.5 (61.3), MACD 78 (61.86 Prev Week), MACD Signal 94.6 (36.8 Prev Week), Stochastics %D 33.4 (92.99 Prev Week) %K 32.78 (89.67...
Nifty 28-Nov-22 to 02-Dec-22 (Short Term, Medium Term & Long Term Analysis) Nifty closed at 18512 from 18307 last week Market as predicted had a small dip, tested the support mentioned last week 18135 and reversed to intra week high of 18534. RSI 72 ( 50.7 Prev Week), RSI MA 72 (50.7), MACD 61.86 ( 27.68 Prev Week), MACD Signal 36.8 ( 53.2 Prev Week),...
Nifty 21-Nov-22 to 25-Nov-22 (Short Term & Medium Term Analysis) Nifty closed at 18307 from 18349 RSI 50.17 ( 68.8 Prev Week), MACD 27.68 ( 77.2 Prev Week), MACD Signal 53.2 ( 63 Prev Week), Stochastics %D 21.32 ( 85 Prev Week) %K 53.2 (63 Prev Week) Stochastics signal at Oversold region is a positive sign on short term/ weekly basis. Go neutral ( Short Term) ...
Nifty closed at 18349 from 18117 Go neutral ( Short Term) as strategy as market could not cross or struggle at 18475 / 18604, then sell 30 % of the equities. Use the Opportunity to review the portfolio and clean up. Medium Term: if it holds above the support, there might be a turnaround and may reach upto 19400+ in Medium Term. Key Resistance at 18475...
Nifty 7-Nov-2022 to 11-Nov-2022 (Mid term Analsysis & views) Week close : 18117 Week High: 18173 Week Low: 17940 Previous week Close: 17786 Short Term target of 18000-18100 was given last week, nifty comfortably crossed the Target on 31st Oct. For the coming week, maintain go long strategy for Short term and Mid term. Target / Resistance : 18173 ( new High)...
Nifty 01-Nov-2022 to 05-Nov-2022 (Mid term Analsysis & views) Short Term target of 17800-17900 was given last week, nifty comfortably crossed the Ist Target on 3rd day. For the coming week, go long strategy shall be adapted for Short term and Mid term. Target / Resistance : 17/812 (0.786 Fibonacci New) , 17871 (0.786 Finonacci May22), 17994 & 18100 will be key...
Nasdaq Mid term review 23-Oct-22 Nasdaq might rally to 12131 in short term (Dec 22) , recent low of near to 10000 is a major support. However expected to fall to 9150/8900 ( Feb -Mar 23) in medium term for further reversal. RSI is 44%, MACD signal is negative. Inflation is still in gloomy position.
Nifty 24-Oct-22 to 28-Oct-22 ( Short Term and Mid term) Nifty is going to touch 18000 in coming weeks.... this was the prediction last week for Short Term. When market was expected to go towards 17000 & below levels. Now its going to realize. However it quickly turned arounf and last week close was at 17575. For the coming week it is the same as for the last 2...
Nifty sustained the global indices downward movement nifty has fallen to 16960 and quickly raised to 17331, ended at 17185. Overall ended with little positive note for the week. As mentioned in previous week, average 17065 acted as both support and resistance and hovered around this price for longer time. Medium term analysis Buy on Dip for targets of 17420 0.5...
Hurray, as posted in last week, Fibonacci 17418-17421 WMA 21 days acted as a major resistance and go long strategy paved well. Nifty ended up at 17318 after a decline from its peak 17428. For the coming week, Heikin Ashi is positive for more than 4 days, RSI is at 45-46% and signal is in positive mode. However, still MACD is not fully recovered and the signal...
Nifty Analysis 03rd to 7th Oct-2022 (17094) As expected in previous analysis there was a strong support at 16800 and 16700 last week. It bounced back to recover to 17094 in the last 2 session. For this week, RSI is poised at 34% and there is a signs of short recovery as it is in oversold position. However to take into account MACD is still not in full reversal...
Nifty 50 - 26-Sep-22 to 30-Sep-22 As predicted in previous week published analysis, market had tested near to the key support of 17300. If it breaks below 17300, immediate support at 17000, 16899 Fibonacci 0.5 & WMA 150. Below that key support at 16700. On the higher side, resistance at 17570/17600 / 17870 Fibonacci 0.5 / 18000/18100 ( recent high) Strong close...
Nifty 50 key Short Term support at 17300/ Medium term support at 16900 Market will be sideways 17300-18100 (new recent high) for this week 19-Sep 22 to 23-Sep-22 Key Fibonacci 0.618 & WMA 200 is at 17300 which will act as major support for short term. Below that it might go back to 16900 where key Fibonacci 0.5 support. On the higher side fibonacci 0.786 17870...
Nifty Technical Analysis 05-Sep-2022- Will it cross 18000 to move to 18400 and upper???? Nifty in range bound 17300-17870 Strong Resistances at 17800, 17870 Fibonacci 0.786,18000 Strong Support at 17400-17500, 17300 Fibonacci 0.6, 16894 Fibonacci 0.5, 16700, 16493 Fibonacci 0.82