Nifty 50 Analysis Today from 24.03.2023 onwards 

  •  Why I am sharing "Nifty 50 Analysis Today" regularly? 

  1. Actually I want to track share market / stock market movement for trading and investment on regular basis. Therefore I have to read as well as analyze the market as a whole, but it's not a easy job to do. 
  2. Hence I have decided to do "Nifty 50 analysis today" on regular basis to understand the broad market trend and read news on Global & Indian Economic Development to reconfirm my analysis on broad market trend.
  3. Reading Global and Indian Economic Development etc. with Broad Market Trend finding is the basic work we have to do regularly. That is why I am sharing Nifty50 Analysis with you regularly.


#1. Weekly chart on 24-03-2023👇
nifty50-chart-trading1=5

Weekly MACD-H showing strong down with price falling on weekend 24.03.2023. 13EMA & 26EMA crossed once again, hence it represent new Down Trend Start on Weekly chart.

#1a Daily Chart on 24.03.2023

nifty50-chart

Daily ending on 24.03.2023 shows strong Down Trend. Price is between Support and Resistance. I am waiting for the next week starting now.


#1b Week Start on 27.03.2023:-

Let's look at the chart first for :
nifty50-chart

Today's candle has no body, meaning its opening and closing point is same. My technical analysis says that its short term resistance is 17230 point and short term support is 16830 point.

#1c. Nifty50 analysis 28.03.2023:-

Please look at today's chart for nifty 50 analysis today here,

Opening - 17,031.75 point & Closing - 16,951.70 point i.e. Today Nifty makes bearish candle.

  1. My analysis says that I should stay aside from market as it is moving into its daily range.