26 Feb , 2018
AV-Analytics
My first Post on Technical Analysis on this forum:
Dear All, I have always loved analyzing people and situations. It always triggers my analytical skills to reason out why certain people behave the way they do .This love for analyzing the behavior of people and their reactions, when they are put into certain situations lead me to experimentation and application of my analytical skills to stock market .Technical charts in the stock market are nothing but, the graphical representation of peoples’ behavior. I taught myself technical analysis. It has been a very exiting journey and now it’s been almost eight years since I started on this journey. I fell and I stumbled a lot many times but, still there was something that kept me going. It gave me freedom to be myself and test my skills. For every action of mine I am responsible. My fears and beliefs at times were put to test . I learnt to grow above them. Stock markets teach you spirituality or vice a versa. Both seem to be true. Stock market definitely teaches you to be calm in commotion. It has been a good learning and enriching experience. It’s good to see that one is able to see ahead and think at par with the smartest people.
I am ending this post for now but, will soon be back to share my insights and readings on the stock market. Hope you all will enjoy this journey with me.

NCFM certified Technical Analyst

Nifty this week [6/5/19 to 10/5/19]
Last week some buying is seen to have taken place in Nifty. The weekly candlestick chart shows indecisiveness in the market. In the upcoming week it is likely that Nifty may move little higher upto 11825. Sharp movement is unlikely to take place, only sluggish movement may happen in the upcoming week.

Note: We provide technical analysis services on freelancing basis. For more information contact platinumlearningmate@gmail.com

Nifty this week [29/4/2019 to 3/5/2019]:
Volatility is seen in the market in the coming week. Nifty may open around 11800. It is likely to move up from here and from there some correction is seen. Nifty is likely to form a candle stick with small white body with long shadows on both sides on the weekly basis.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [8/4/19 to 12/4/19]
Nifty chart of last week is showing indecisiveness. It formed a doji and is at crucial resistance of 11660. If it manages to cross this level a fresh momentum will be seen in the market otherwise a correction can be seen.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [1/4/2019 to 5/4/2019]
Nifty this week seems to be overheated and may extend its gain further to the level of 11750 which is a small resistance. If nifty manages to cross this level, it may go still further. In most likelihood Nifty may cross this minuscule resistance of 11750.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [25/3/2019 to 29/3/2019]
Nifty seems to be in corrective mode in the coming week . First support is at 11338 and second support is at 11250.
The line chart has moved outside the bollinger band and candlestick charts also show the formation of a doji with long upper shadow after a long white candlestick in the previous week. Both are signals of subsequent correction.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [18/3/2019 to 22/3/2019]
Nifty this week may start around 11400 and continue its upward journey till 11750. At 11750 it may find a resistance.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [11/3/2019 to 15/3/2019]
Nifty last week gave a breakout from the upward channel it was moving in since November. It may open around the 10,940 and is likely to continue its upward journey.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [4/3/2018 to 8/3/2018]
Nifty last week formed a candlestick with long shadows on both sides. This shows indecisiveness and volatility in the market. Nifty this week may open at higher levels around 10945.It may touch 11000. It is unlikely to sustain these levels and may show selling pressure at this level which will take it down to levels of 10750. It is likely to close around the same level.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [25/2/19 to 1/3/19]

Volatility is seen to continue in the markets. Nifty this week may open around 10860. If it continues to move upwards the next target is 10950. If the selling pressure comes, then on downside the next target is 10650.

By NCFM certified Technical Analyst Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [18/2/19 to 22/2/2019]

Nifty this week has broken the narrow channel in which it was trading since the last week of November 2018, on the downside. It touched the weekly low of 10,617 where some buying was seen. It gave the weekly of 10,708.
Nifty this week may give the weekly opening around 10,761 but, chances are that profit booking will be seen at this level. Support is seen at the level of around 10,372.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [21/1/19 to 25/1/2019]

Nifty may touch 11074 this week. After reaching that level it would be decided whether nifty is able to see to sustain those levels or not.

Last Week’s Technical chart of nifty

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.
Nifty this week [24/12/18 to 28/12/2018]

Nifty last week touched the high of 10985 where some profit booking was seen giving a closing of 10754. Nifty this week may touch 10560. Nifty is consolidating which may continue for some more time.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [17th December, 2018 to 21st December, 2018]
Nifty may touch the level of 11,193 this week and may give a weekly closing around the level of 11000.

By NCFM certified Technical Analyst

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [3rd September, 2018 to 7th September, 2018]
Nifty may give a correction this week to the levels of 11250 or may give a flat closing.

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Week [25/6/18 to 29/6/18]
Nifty this week may open around 10820 and move up to 10930. Due to lack of momentum in the market we may see market moving down a tad from this level of around 10930.
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [18/6/18 to 22/6/18]
Nifty has slowly and steadily been able to move in the zone of 10750 and 11000. There is lack of momentum in the market . Next week if nifty is able to maintain 10750 , then for short term the trading zone will be 10750 and 11000. But, since the 10750 mark has been crossed with low momentum it acts as a very week support.
Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [11/6/2018 to 15/6/2018]
Nifty this week may touch 10930. If Nifty is able to close above 10940 on weekly basis then it may move into the zone of 10940 to 11000 and 10940 will be become its short term support otherwise Nifty may again fall back into the zone of 10930 to 10430.Weekly closing may decide the next immediate zone for the Nifty.

Nifty this week [4/6/2018 to 8/6/2018]
Nifty has been quiet indecisive recently showing high levels of volatility.
Nifty last week gave a signal that this week it may touch 525. Next move would be decided after that.

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [21/5/2018 to 25/5/2018]
Nifty this week is giving mixed set if signals. Nifty may open gap down. First support is at 10506 and second support is at 10433. These supports need to be watched this week. On monthly charts Nifty seems to be moving into consolidation phase which may last for few months. Monthly closing of this month will give the clarity on Nifty. Hold on, on the sidelines till the clarity comes.

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week – [14/5/2018 to 18/5/2018]

Dear All,

Nifty closed last week above the resistance of 10760. Nifty this week may resume its journey towards 11000

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week [7/5/18 to 11/5/18]

Nifty last week touched the weekly high of 10784 which was the resistance level. Profit booking came at this level and nifty slipped to the level of 10618.
This week Nifty may open around the level of 10620 and touch the level of 10504 , where it may find some support.

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week – 30/4/18 – 4/5/2018
Charts show bullishness in the market. Nifty may encounter small resistance at 10764 . If it manages to cross this resistance, then it may continue its journey uphill towards 11000.

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week – 23/4/18 to 27/4/18 :

Last week there was loss of momentum, may be due to monthly closing this week.
Nifty this week may not do anything significant. Nifty may open around 10500 and give a closing around 10594. There is possibility of formation of a doji this week with long shadows on both sides.

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week- 16/4/18 to 20/4/18

Nifty last week closed above the 6 months moving average of 10430. It almost reached 23.6% retracement level of 10530 where little bit of profit booking took place.
This week nifty may open around 10430 levels and may attempt to cross the resistance of 10530. If the nifty manages to cross this resistance this week momentum will take the market to the 10700 level.

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

Nifty this week – 9/4/18 to 13/4/18

Nifty last week closed past 38.2% retracement levels which is a healthy sign for the market. Nifty seems to be slowly and eventually making up for all the losses made since February. Correction seems to be over and upward retracement seems to have started.
This week nifty seems to move past 10530 which is 23.6% retracement level and give a weekly closing around this level or little above this level after crossing the initial hurdle of 10430, which the 6 months moving average and now acts as resistance of nifty. Looking at the charts, it doesn’t seem difficult for the nifty to cross this resistance this week .

Disclaimer: The views stated above are based on my reading of the technical charts. You are expected to research before taking any decision.

2/4/18 – 6/4/18

Weekly Chart –

Nifty seems to be in oversold zone. Short covering and a bit of buying was seen last week. This could be due to monthly closing. Nifty started the week around 50% retracement levels and moved towards 38% retracement levels where some selling was seen.
If Nifty is able to cross the 38% retracement level of 10,223 this week it may move towards 23.6% retracement level of 10534 and give a weekly closing around 10,440.

Monthly Charts :
On monthly charts the nifty shows the possibility of touching 10,223 which is 38% retracement level. Short term direction will be set at this level. If Nifty is able to sustain this level it will move in the zone of 10220 and 10573 , else fresh selling can drag nifty to 61% retracement levels of 9699 on monthly basis.
Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets.

19th March ,2018
Weekly Chart – Nifty is expected to open gap down around 10038. Nifty may give a weekly closing around 9968 which is 50% retracement on weekly chart or fall can be more sharp taking it to 61% retracement level of 9717.
Monthly Chart – On the monthly charts Nifty is likely to touch 61% retracement level of 9699 where some buying can be seen helping it to close around 50% retracement level of around 9973 Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets.

3rd March, 2018 Week Ahead Nifty:
Dear All ,
Weekly Chart : Nifty is expected to test support of 10300 this week. Next direction will be decided after that.
If Nifty is able to sustain 10300 and buying comes at this level then Nifty will continue to be in the trading range of 10300 and 10594 on immediate basis. If Nifty is not able to sustain the support of 10300 then it will move into the new short term range of 10460 and 9980 with 10460 acting as strong resistance.

Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial market

26th Feb 2018 Week Ahead Nifty:

Nifty is sitting on the long term support of 10,491.

Weekly Chart: On observing the weekly charts, in the last three weeks it has attempted to breach this support but, has been unsuccessful. This week nifty is expected to open gap up.

Monthly Chart: On monthly chart also the nifty is sitting on the support line which seems to be very strong. Market had been overheated in the last month. It was healthy cooling off. Nifty is expected to resume its journey uphill until and unless something goes terribly wrong in the market. In case, Nifty breaks this support of 10,491 on weekly basis then it may enter into the zone of 10,491 to 9945. Intraday breaches and fluctuations are always possible.

Disclaimer: All the views given above are based on my analysis of the technical charts. You are expected to do your research before taking any decision in the financial markets.