NSE Nifty Bearish Outlook Is Ready

Weekly TImeframe:

Nifty has created a lower high at 18114 on the weekly timeframe chart. Price has taken the support on the pivot range of 16800.
Currently, Nifty has formed a long-legged Doji on the pivot range, which signals indecision phrases of the market.
If the price fails to hold 16822, we may see a sharp downfall.
Doji is a reversal signal reversal, but it needs to be confirmed.

Daily Timeframe

It has broken down the 50 & 100 EMA. If it gives a consecutively closing candle below the 50 EMA, then nifty can retest the 200 EMA or 17000.
Price has faced strong resistance at 17400. Nifty Looks weak, and it will gap down.

I will update opportunity-based trade setup. To become a subscriber, subscribe to our free newsletter services. Our service is free for all.

Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips

Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.

Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.

3 Comments

Avinash Jain says:
April 25, 2022 at
Nice outlook. This is the perfect analysis i was looking for……
Reply ↩
mitu545 says:
April 25, 2022 at
sir bank nifty ka analysis dijye, please we are waiting for your update sir
Reply ↩
Mukul Desai Option Trader says:
April 25, 2022 at
I am Mukul Desai. I have been watching your calls for more than 6 months. I found it very useful and accurate. Looking forward to your paid Option calls & swing trades.
Reply ↩