Nifty50 technical Analysis upto 31st March 2023

 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👇

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

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 :

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.

#1d. Nifty50 analysis 29.03.2023:-

Please Look at the chart for Nifty 50 Technical Analysis today on 29-03-2023 

OPENING	CLOSING	HIGH	LOW
16977.30	17080.70	17126.15	16940.60

ADVANCE	DECLINE	UNCHANGE	DAILY SUPPORT	DAILY RESISTANCE
45	5	0	16830	17230

My analysis and decision on the basis of the above data for nifty 50 technical analysis today:-

• Price moving within daily range.
• EMAs shows Downtrend 
• Entry- not available as per my analysis
• Target Price- not available as per my analysis
• Stop Loss- NA

Nifty 50 Technical Analysis Today:-

Please Look at the chart for Nifty 50 Technical Analysis today on 31-03-2023 

Weekly View on 31 March 2023

Daily View on 31 March 2023

OPENING	CLOSING	HIGH	LOW
17,210.35	17359.75	17381.60	17204.65

ADVANCE	DECLINE	UNCHANGE	DAILY SUPPORT	DAILY RESISTANCE
43	7	0	16907 appx.	17380 appx.

My analysis and decision on the basis of the above data for nifty 50 technical analysis today:-

• Price just break previous resistance Line.

• EMAs shows Downtrend 

• Entry- Waiting for Down Trend resume or to Start new Up Trend

• Target Price- After Confirmation of Trend

• Stop Loss- NA

As shown in the above picture we have to wait for Shorting Opportunity expecting to Down Trend resume on the next week. But there is no guarantee on market it's absolutely game of probability, hence if Market start a new Up Trend from here we have to wait for Clear signal to Trade with Up Trend (i.e. Pull Back entry).

Nifty50 Top10 Holding:-  Click here👀

Click Here to read This Analysis from beginning 👉👇