Chartist Talk: Nifty 50 faces make-or-break 24,500 support, charts flash warning signs
Bharti Airtel and Larsen & Toubro would be my picks for next week, said Milan Vaishnav.
Trading Plan: Can Nifty 50, Bank Nifty hold Friday's lows amid persistent bearish sentiment?
After a sharp down move, there may be a possibility of a rebound in the upcoming session, but sustainability is the key to watch. If the Nifty 50 holds 24,600 (previous day’s low), an uptrend toward 24,800–25,000 can be possible, but a decisive fall below it can open the door for 24,400, experts said.
Trade Spotlight: How should you trade Ashok Leyland, Minda Corporation, L&T, NTPC, Lumax Auto Tech, Aditya Vision, and others on September 29?
The market may see a bounce-back after the significant selling pressure of last week, but sustainability is the key to watch. Below are some short-term trading ideas to consider.
Trade setup for September 29: Top 15 things to know before the opening bells
If the Nifty 50 breaks below 24,600, the next support levels to watch would be 24,400–24,300 in the upcoming sessions. On the upside, it may face resistance around the 24,750–24,900 zone, according to experts.
Chartist Talk: Sudeep Shah sees 200 DEMA as crucial support for Nifty, identifies 2 stocks with upside potential
On the technical front, Nifty has broken below key short-term moving averages — the 20-day, 50-day, and 100-day EMAs — all of which have now turned downward, signalling weakness in trend structure, said Sudeep Shah of SBI Securities.
Market not moving? Trade outperformance: Shubham Agarwal
By taking care of systematic factors, we can largely remove the risk of untimely reversals in the overall market. To remove this risk, we can create a combination of Buy & Sell positions in Futures from the same industry.
Technical View: Nifty sinks over 3% in 6 days, eyes 200 DEMA as carnage continues; Bank Nifty loses over 50% of recent gains with VIX surge
The monthly options data indicated that the Nifty may trade in the 24,500-25,000 range in the short term.
Trading Plan: Will Nifty 50 extend losing streak to sixth day, Bank Nifty break 100-DEMA decisively?
If the Nifty 50 sustains below 24,900, a sell-on-rally strategy can be preferred. Below this level, the 24,800–24,700 zone is an immediate support area; however, on the higher side, the 25,000–25,100 range can act as a hurdle zone, experts said.
Trade Spotlight: How should you trade Gujarat Fluorochemicals, BEML, SBI Card, AU SFB, Vedanta, Poonawalla Fincorp, and others on September 26?
The bearish sentiment may sustain in the short term, given the weakening momentum. Below are some short-term trading ideas to consider.
Trade setup for September 26: Top 15 things to know before the opening bells
As long as the Nifty 50 remains below this level, bears may continue to hold the upper hand and drag the index toward the 24,600–24,500 zone. However, in the event of a rebound, the 25,000–25,100 range is expected to act as an immediate hurdle, according to experts.
Technical View: Bears hold fort for 5th day, Nifty reverses over 50% of recent rally, signaling potential downside to 24,700
The Nifty 50 fell below the midline of the Bollinger Bands on both the daily and weekly charts, although it marginally managed to defend the 10-week EMA on a closing basis.
Trading Plan: Will Nifty 50 break below 25,000, Bank Nifty fall under 55,000 amid weak sentiment?
The Nifty 50 managed to defend 25,000, which can be considered immediate support. Below this, the 24,900–24,800 levels are to be watched. However, on the higher side, 25,150–25,250 are expected hurdles in the upcoming sessions, experts said.
Trade Spotlight: How should you trade Amber Enterprises, Deepak Nitrite, Deepak Fertilisers, Edelweiss Financial, Hindustan Copper, and others on September 25?
The negative trend is expected to prevail in the market. Below are some short-term trading ideas to consider.
Trade setup for September 25: Top 15 things to know before the opening bells
Sentiment has definitely turned negative for the short term, with further weakness in momentum indicators. The next crucial support is placed at the 24,900 level. A decisive fall below this could strengthen the bears, however, 25,150 is expected to be a resistance, according to experts.
Trading Plan: Can Nifty 50 extend its fall for fourth day, Bank Nifty decisively surpass 55,600?
According to experts, the Nifty 50 is expected to be in the 25,000–25,500 range in the near term, as breaking either side of the range can give firm direction.
Trade Spotlight: How should you trade Union Bank, Jindal Steel, Samvardhana Motherson, Canara Bank, HPCL, NTPC, and others on September 24?
The market may see some more consolidation amid rangebound trading in the upcoming sessions. Below are some short-term trading ideas to consider.
Trade setup for September 24: Top 15 things to know before the opening bells
Overall, the Nifty 50 is expected to trade in the 25,000–25,500 range in the near term. A decisive break below 25,000 could widen the selling pressure, whereas a move above the upper range may open the door for a rally toward 25,700, according to experts.
Technical View: Formation of high wave pattern raises market rebound possibility; Nifty defends 25,000, the crucial zone for further direction
The monthly options data suggested that the Nifty may remain within the 25,000-25,500 range in the near term.
Trading Plan: Can Nifty 50 protect 25,150, Bank Nifty hold above 55,000 amid rangebound trading?
If the Nifty 50 stays above it, renewed buying interest can drive the index toward 25,450–25,500; however, a decisive fall below it could drag the index toward 25,000.
Trade Spotlight: How should you trade Bajaj Finance, Tata Motors, United Spirits, BHEL, Cholamandalam Investment, Godawari Power, and others on September 23?
Rangebound trading may continue, and Monday's low could be crucial for further direction. Below are some short-term trading ideas to consider.
Trade setup for September 23: Top 15 things to know before the opening bells
If the Nifty 50 holds the 25,150 support level, bulls may drive the index towards 25,450–25,500, followed by 25,700. On the lower side, the levels to watch are 25,000–24,900, according to experts.
Technical View: Bears could gain upper hand if Nifty breaks Monday’s low; 50-DEMA key for Bank Nifty
Weekly options data suggest that the Nifty 50 may find support in the 25,150–25,000 zone, with resistance in the 25,400–25,500 zone in the near term.
Trading Plan: Will Nifty 50 defend 25,250, Bank Nifty hold 50-DEMA amid likely consolidation?
If the Nifty 50 manages to hold the 25,250–25,150 zone amid likely consolidation, the new leg of strength may drive the index beyond 25,500 and then 25,700. However, a decisive move below it can open the door for bears, who can drag the index down to 25,000–24,900.
Trade Spotlight: How should you trade Canara Bank, Swiggy, Sequent Scientific, Phoenix Mills, GE Shipping, AGI Infra, and others on September 22?
Consolidation may be seen for a few more sessions before entering a new leg of the upmove. Below are some short-term trading ideas to consider.
