NIFTY TECHNICAL VIEW
![Tech View: Nifty forms another Doji candle. Here’s how to trade on Thursday](https://img.etimg.com/thumb/msid-111787476,width-100,height-75,resizemode-4/markets/stocks/news/tech-view-nifty-forms-another-doji-candle-heres-how-to-trade-on-thursday.jpg)
Tech View: Nifty forms another Doji candle. Here’s how to trade on Thursday
The near-term uptrend of Nifty continues to hold strong. Although Nifty is consolidating at higher levels, there is no indication of a significant reversal pattern forming at these highs. A further upward movement could push Nifty towards the 24,900 mark next week. Immediate support is positioned at 24,450 levels, according to Nagaraj Shetti of HDFC Securities.
![Tech View: Doji candle indicates indecisive mood, highest OI at 25K. Here’s how to trade on Tuesday](https://img.etimg.com/thumb/msid-111757565,width-100,height-75,resizemode-4/markets/stocks/news/tech-view-doji-candle-indicates-indecisive-mood-highest-oi-at-25k-heres-how-to-trade-on-tuesday.jpg)
Tech View: Doji candle indicates indecisive mood, highest OI at 25K. Here’s how to trade on Tuesday
The near-term trend of Nifty remains positive. Having sustained above the hurdle of 24,400 levels (1.618% Fibonacci extension), there is a higher possibility of further gradual up move in Nifty towards 24950 levels in the next one week. Immediate support is at 24,450, said Nagaraj Shetti of HDFC Securities.
![Tech View: Confused Nifty awaiting breakout on either side. Here’s how to trade on Friday](https://img.etimg.com/thumb/msid-111664587,width-100,height-75,resizemode-4/markets/stocks/news/tech-view-confused-nifty-awaiting-breakout-on-either-side-heres-how-to-trade-on-friday.jpg)
Tech View: Confused Nifty awaiting breakout on either side. Here’s how to trade on Friday
Despite fluctuations, the Nifty maintains an overall upward trajectory. A decisive move beyond 24,500 is projected to trigger further gains, potentially reaching 24,900 in the near future. The current support level stands at 24,150.
![Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday](https://img.etimg.com/thumb/msid-111635314,width-100,height-75,resizemode-4/markets/stocks/news/tech-view-nifty-put-unwinding-suggests-correction-ahead-heres-how-to-trade-on-thursday.jpg)
Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday
Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry.
![Tech View: Nifty forms long bull candle, may test 24,580-24,640. Here’s how to trade on Wednesday](https://img.etimg.com/thumb/msid-111609865,width-100,height-75,resizemode-4/markets/stocks/news/tech-view-nifty-forms-long-bull-candle-may-test-24580-24640-heres-how-to-trade-on-wednesday.jpg)
Tech View: Nifty forms long bull candle, may test 24,580-24,640. Here’s how to trade on Wednesday
Nifty's upward momentum is expected to continue after surpassing the key resistance level of 24,400. According to Nagaraj Shetti of HDFC Securities, the index could reach 24,960 in the near term, with immediate support at 24,250.
![Tech View: Nifty charts hint at indecisiveness; key hurdle at 24,400; here’s how to trade on Tuesday](https://img.etimg.com/thumb/msid-111580987,width-100,height-75,resizemode-4/markets/stocks/news/tech-view-nifty-charts-hint-at-indecisiveness-key-hurdle-at-24400-heres-how-to-trade-on-tuesday.jpg)
Tech View: Nifty charts hint at indecisiveness; key hurdle at 24,400; here’s how to trade on Tuesday
Nifty's short-term outlook remains positive, with a potential range-bound movement in the coming sessions. However, a decisive move above 24,400 could spark a significant market rally, according to HDFC Securities' Nagaraj Shetti.
Tech View: A break above 24,500 could take Nifty to 25,000
Technical indicators suggest the current up-trend in Nifty is likely to continue, with any decisive breakout above 24,500 potentially indicating a move towards the 25,000 milestone, analysts said. Stocks recommended by analysts for trading this week include Reliance Industries, SBI, HAL, L&T, BHEL, Bharat Dynamics, Aurobindo Pharma, Apollo Hospitals, Deepak Nitrite, Lupin, Marico, and ONGC.
Tech View: Nifty bulls strong till 24,200. Here’s how to trade next week
With the underlying trend of Nifty being positive, possibility of an upside breakout around 24,400-24,500 levels in next few sessions looks plausible. Analysts see immediate support at the 24,170 level.
Tech View: Nifty traders await breakout on either side. Here’s how to trade on Friday
The overall trend of Nifty remains positive as per smaller to larger time frame chart. Having placed at the hurdle of around 24400 levels (1.618% Fibonacci Extension), there is a possibility of this consolidation/minor dip extending for the coming sessions. Immediate support is at 10 day-EMA at 23,990, said Nagaraj Shetti of HDFC Securities.
Tech View: Nifty needs a decisive move above 24,400. Here’s how to trade on Thursday
Nifty ended Wednesday’s session with a gain of 163 points to form a small negative candle but broke out of a sideways consolidation movement on the daily chart ahead of Thursday’s expiry.
Tech View: Nifty bulls getting tired at peaks. Here’s how to trade on Wednesday
Nifty ended Tuesday’s session with a small loss of 18 points to form a small red candle on the daily chart which indicated that bulls are getting tired at peaks.
Tech View: Nifty breaks 4-day winning streak. Here’s how to trade next week
Nifty ended Friday’s session with a loss of 34 points and broke the four-day winning streak by forming a small-bodied red candle.
Tech View: Nifty breaks key hurdle after 2 weeks. Here’s how to trade on Wednesday
Nifty maintains positive momentum, poised for potential breakout towards 24,000 with immediate support at 23,550, says HDFC Securities analyst. According to experts, Nifty moved above 23,700 to make a new all-time high of 23,754, showing resilience amid global sluggishness.
Tech View: Nifty may test 23,700 in short term. Here’s how to trade on Tuesday
Nifty maintains positive momentum, aiming for the 23,650-23,700 range with immediate support at 23,350, according to HDFC Securities' Nagaraj Shetti.
Tech View: Nifty likely to trade in a range
Nifty's trajectory remains uncertain, influenced by sector rotation and FIIs' activities. Investors should focus on specific stocks and sectors for trading opportunities to capitalize on market movements.
Tech View: Nifty chart shows bearish candle formation. What traders should do on Monday
Nifty struggled to hold above the day’s opening range, indicating bullish sentiments going sore on the Summer Solstice Day, observed experts.
Tech View: Nifty giving non-directional moves. Here’s how to trade on Friday
According to experts, the short-term trend of Nifty remains positive despite high volatility. After surpassing the resistance level of 22,250, the index shows a probability of moving towards the next resistance at 23,200 in the near term. Immediate support is at 22,640
Tech View: Nifty forms bearish engulfing pattern. Here’s how to trade on Thursday
Nifty placed at the highs, but that’s not any confirmation of any significant reversal pattern building at the highs. Again, weakness below 23,300 levels could be considered as a short-term top reversal pattern.
Tech View: 23,500 key support for trend-following traders. Here’s how to trade on Wednesday
As it has sustained above the hurdle of 23,515 levels, it is expected that Nifty would move towards the next resistance of 1.786% Fib extension at 23,950 levels in the near term. The immediate support is placed at 23,450.
Load More