NIFTY ANLAYSIS 29-OCT-2024
Research & Analysis - Index, Equity, Forex, Commodity & Crypto Currencies
Feel free to add your comments . ckacraj@gmail.com . I am not a SEBI registered Analyst . For Educational Purpose only.
Tuesday, 29 October 2024
Monday, 28 October 2024
IDFC FIRST BANK @ 67
IDFCFIRSTB @ 67
SUPPORTS: 50/28/16
As per my chart, IDFC BANK is taking support at the trendline.
Break of 77, we can see 100+ in the near term.
Upside targets:
112-121
134
150
164-171
185
201
233.
https://in.tradingview.com/chart/IDFCFIRSTB/KWXqko13-IDFC-FIRST-BANK-67/
RELIANCE: for next 5-10 years
LTP: 1338
Support: 200
As per my analysis, Reliance is in BIG correction and expecting BIG rally in the coming years.
Best Buy levels:
Around 1370, 1025, 877.
Reversal from any of these levels, first target 3170.
Targets by levels:
3170
3660-4300
5000
5400-6555
7300
9000-10200
12000-14000
19500
https://in.tradingview.com/chart/RELIANCE/FRBa7q2w-RELIANCE-for-next-5-10-years/
Saturday, 26 October 2024
NIFTY AUTO INDEX ANALYSIS 26-OCT-2024
NIFTY AUTO / CNXAUTO @ 23799
Downside can be 24545 (done), 23967, 22800, 21700
Reversal from any of these levels, first target 27103.
Further targets:
29300-30455-32200
37000-38100-41660
55555
https://in.tradingview.com/chart/CNXAUTO/MFc3IrMW-NIFTY-AUTO-CNXAUTO-23799/
TATAMOTORS @ 865
SUPPORTS: 655/534/370
BUY LEVELS: CMP (865), 845, 791, 742
TARGETS:
1132-1200-1310
1464
1601-1675-1782
2077-2146-2364
3234
https://in.tradingview.com/chart/TATAMOTORS/ZFCmrVqv-TATAMOTORS-865/
MARUTI @ 11503
SUPPORT: 9071/6400
Downside can be 11725 (done), 10697, 10234, 9834
Reversal from any of these levels first target 13405.
Upside targets:
13405-15055
16430
17734-18350-19401
22021-22720-24655
https://in.tradingview.com/chart/MARUTI/0chuwJtF-MARUTI-11503/
MOTHERSON @ 190
As long as 136/105 supports, we can see more upside towards 255/400/500
Upside Targets:
200-216
242-258-285
321
354-370-397
466-482-534
Buy Levels: CMP (190), 173, 160
https://in.tradingview.com/chart/MOTHERSON/0PxRNpSM-MOTHERSON-190/
TVSMOTOR @ 2450
Downside min target 2381 (done).
Further downside targets: 2303, 2266, 2177, 2025
Upside first target 2955-3082.
https://in.tradingview.com/chart/TVSMOTOR/a65NwU1f-TVSMOTOR-2450/
NIFTY MULTICAP 500 BIGGER PICTURE 26-OCT-2024
NIFTY MULTICAP 500 @ 15671
SUPPORT ZONE: 15755-14934
Downside minimum target done around 15755-15650 (made low 15563)
Further downside can be 15434, 15255, 14934.
Reversal from any of these levels, first target 17060-17400
Ultimate upside targets: 18355, 20600, 22400.
NIFTY TOTAL MARKET @ 12669. BIGGER PICTURE 26-OCT-2024
NIFTY TOTAL MARKET @ 12669
DOWNSIDE Target for this move: 12589(low 12591).
Further downside can be: 12455, 12295, 11589.
Other targets: 12589, 12455, 12391, 12295, 12070, 11955, 11750, 11589.
Reversal from any of these levels, we can see 13710 first.
Upside targets:
13710-13960
14300
14600-14710-15400
17700-18700
NIFTY @ 24180: BIGGER PICTURE for NEXT 10-20 YEARS
NIFTY @ 24180
Bearish Scenario:
Minimum target for this down move 24047 (low made 24073).
Further downside targets if break 24073, we can see 23960, 23821, 23655, 23255.
BASE SUPPORTs: 18887/16828.
Bullish Scenario:
Bottom is in or more to go?
Reversal from the above levels, 1st target 25450-26277.
LONG TERM TARGETS:
27000-27834
28921-31234-33121-34150
35600-38000
44300-45700-50500
https://in.tradingview.com/chart/NIFTY/AFGl5FUP-NIFT-24180-BIGGER-PICTURE-for-NEXT-10-20-YEARS/
SENSEX @ 79402: BIGGER PICTURE for NEXT 10-20 YEARS
SENSEX @ 79402
Bearish Scenario:
Minimum target for this down move 79160 (Low 79137).
If moves down below 79137, we can see 77664, 77055, 75810
BASE SUPPORT 63555/57055.
Bullish Scenario:
BOTTOM is in or more to go?
Reversal from any of these levels, we can see
81500 first and further 86500.
LONG TERM TARGETS:
86500-94700
1,06,100
1,16,000-1,21,000-1,29,100
1,50,000-1,55,000-1,71,900
https://in.tradingview.com/chart/SENSEX/31ObmgOJ-SENSEX-79402-BIGGER-PICTURE-for-NEXT-10-20-YEARS/
Friday, 25 October 2024
NIFTY TOTAL MARKET: BIGGER PICTURE 25-OCT-2024
BULL or BEAR?
UPSIDE TARGETS: 13855, 14700, 15400, 16700, 17700
NIFTY ANALYSIS: BIGGER PICTURE: BULL or BEAR? 25-OCT-2024
Primary View: Bullish
As per my view, normal target (wave 4 alternation) for this down move 24100-24046-24000 (made low 24073 till now).
If so, we will see big reversal in the coming months NOV-JAN 2025. We can expect bigger correction between Jan-Mar 2025 which will be bigger than this correction.
UPSIDE TARGETS: 26255, 28807, 33100, 34700, 37000 (NOTE: LONG TERM)
Alternate View: Bearish
As long as 24600 resists, we can see further decline towards 23970-23820-23650 (ultimate target would be 23650-23270).
DOWNSIDE TARGETS: 23970-23820-23650 (ultimate target would be 23650-23270).
PRIMARY: BULL
ALT: BEAR
Thursday, 24 October 2024
NIFTY TOTAL MARKET: MORE DOWNSIDE BEFORE REVERSL FOR NEW ATH? 24-OCT-2024
LTP: 12837
Immediate resistance : 13055
Immediate support: 12755
RESISTANCES: 13055/13291/13434/13855
Downside can be 12691-12589-12455 (ultimate target for this down move)
Further targets: 12257/12064/11942/11581
Above 13855, we will see 14719/15458/16742/17715
Wednesday, 23 October 2024
NIFTY ANALYSIS 23-OCT-2024
BULL or BEAR?
BREAK of 24355, we can see 24260/23889/23655/23407/23155
IMMEDIATE RESISTANCE: 24689. IMEEDIATE SUPPORT: 24355.
BULLs need a break of 24991.
Tuesday, 22 October 2024
Friday, 18 October 2024
Wednesday, 16 October 2024
NIFTY ANALYSIS: BIGGER PICTURE 16-OCT-2024
BIGGER PICTURE:
As per the market cycle,
Soon nifty may bottom out or the BOTTOM is ALREADY IN.
Wednesday, 9 October 2024
Tuesday, 8 October 2024
Monday, 7 October 2024
Tuesday, 1 October 2024
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