Nifty Technical Analysis: Levels & Outlook — Full Breakdown & Transcript

[00:03] Pawankar of Trachavas. If you're wondering what we're going to see in this video, we're going to see our nifty reviews and previews. So let's see how Nifty is doing now. 25181, almost reaching 25200 and the

[00:16] market has closed. And we saw it on our last video. saw it on our last video. the market has now reached the bottom with that black pattern and it has become a hit. So

[00:33] flag pattern has come and now what is the plus here? So correct, has come and now what is the plus here? So correct,

[00:46] this place was from 25200 to 25800? Do you place was from 25200 to 25800? Do you if you saw this jump, it was a 600 point jump. So

[01:01] what has happened to the market from here till now? It has become a total cap. Now the market has come to that point and the finale has been made cold today. So what's most likely to happen next week is that there's has been made cold today. So what's most likely to happen next week is that there's

[01:13] been a cap, and now the market is going from here to there, and there's nothing in the middle here, and there's no liquidity. So, due to this lack of liquidity, the market comes back and

[01:25] position. So what happens here is that it comes back to that place, fully then starts moving at that price. So now at this time, these caps are full, what happened here? This place is full, it has started to

[01:37] liquid, so it looks like a small correction here, a small sideways move here, so remember, there is a finish the sideways at this point and keep it as far as possible, up to the 25,000 range

[01:50] . So this range comes to 25,000. So this is the 25,000 range. If the market falls a little bit by 200 to 300 to 400 points, what will happen to you? It will change sideways. After the sideways move and this

[02:02] strong here, the market will start to rebound again. The next major resistance is 26200 to 400. So from here, we

[02:17] we break this, the next level of support is 24200 next level of support is 24200 to 400. This will

[02:31] to 400. This will be our major support. So this will come and make our major support 260 to 400 and our major resistance, and the market will act . So this is just a

[02:46] always been up like I said, comes back and retests that cap, it will liquidate. When all the positions are full at that place, you just go and check it out

[02:58] Cape Town cap up bill, what do you do? It gets liquidated there so it starts to go sideways. At that point, all the prices normalize and then it starts to move. That's the position where the giddy is normalize and then it starts to move. That's the position where the giddy is

[03:11] you know that here. Almost from this position to this position, the Once this is completed, also note this level. 25800. 25800 will be a good strong level. If it

[03:25] you will get that liquid again. After the completion, when the market resistance will be when this comes and we can take R1 and we our expectation is that 27000 R3 will be the next resistance level. These are the

[03:42] three levels of resistance that could come next. This could be the support that comes along. So, even if it's sideways in the coming days, my expectation is that there are more chances for the market to go up

[03:56] But looking at the overall sentiments, now this war scenario, Iran-US war, there should be a scenario where it can happen anytime, or a peace deal, so there are many scenarios like this. so there are many scenarios like this.

[04:09] Indian market to see a growth overall this year. I am expecting it to take time. Okay, understand one thing well. Not saying it is an idiot. Good thing, the people watching this video should understand one thing well. So you

[04:21] said that it will not go up tomorrow, it will go up next week, this year will be a good market came and went sideways. My expectation is that Nifty will deliver high returns this year .

[04:33] . Please consult your financial advisor and my expectation for overall, this stock doesn't say everything. Looking at the Nifty 50 overall, the overall sentiments of the Indian market are in

[04:47] a good uptrend in the long term from a technical point of view. Even if it's a little side hustle, I believe that if it breaks out once, a good uptrend will come. Plus, from a technical point of view, it ca I'm watching it technically. I have

[05:04] ICANN Nifty to give good momentum this year Let's see how it goes in the coming days. So this is my have realized this is reality now . Because Nifty has come and this

[05:18] this is why the market is a little choppy and when it breaks out, it is a go to this point. When you trade, listen to your financials and trade. So, in the same way, if you think that you should also analyze the market as I am analyzing it now, we are

[05:38] we have branches in Chennai, Coimbatore, Madurai, Bangalore and Malaysia. So, you can come directly to any branch and join and attend France, please come to our online class aswell. If you call

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[06:19] you can come directly to Malaysia and visit us, see our official website . Okay, I hope you like this video and thank you very this video and thank you very much for joining care.