Munafa technical analysis Nifty It NIFTY_IT technical analysis buy or sell

Munafa technical analysis Nifty It NIFTY_IT technical analysis buy or sell Analysis of Nifty It NIFTY_IT to buy or sell for Daily, weekly or monthly

Date Close Open High Low
03 Fri May 32908.40 33248.50 33305.00 32690.50
02 Thu May 33203.35 33059.30 33332.20 33059.30
30 Tue Apr 33200.95 33547.70 33688.95 33145.90
29 Mon Apr 33579.40 33640.75 33792.85 33527.05
26 Fri Apr 33666.20 33743.10 34307.45 33574.60

Stock of Nifty It closed at 32908.40 and it opened at 33248.50
It moved inside a range of 32690.50 and 33305.00

52 week High is 38559.85 and 52 week Low is 27735.15
Financial Year High is 35649.60 and Low is 32690.50
This year High is 38559.85 and Low is 32690.50

Nifty It NIFTY_IT Daily Analysis to buy or sell

As per my analysis of Nifty It NIFTY_IT, 12 day returns for Nifty It NIFTY_IT have been negative, with total returns of -666.55, which is -1.99% with investment starting at 33574.95.
An investment of 100,000 bucks in Nifty It would have become 98010 bucks today.

Nifty It NIFTY_IT moves in a range of 234.8 points on a day to day basis. This means that a total of approx 234.8 plus points of returns can be expected in a bullish day, and a total of 234.8 minus points can be expected in a bearish day.
This is about 0.71% of returns per day.

Nifty It Munafa analysis, looking for Trend and BUY or SELL opportunities.

 Nifty It Munafa analysis, looking for Trend and  BUY or SELL opportunities.

Stock is in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Nifty It NIFTY_IT at this time.

It appears as if Nifty It NIFTY_IT gave a large move recently.

Stock of Nifty It (NIFTY_IT) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, and the stock might move lower...

My analysis of Nifty It is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Nifty It stays below 33254.3, but if it comes above 33254.3, then a intra day buy could be more profitable.
If you take a sell trade below 33254.3, then use 33254.3 as stoploss and 32246 as target. However if you take a buy trade in Nifty It, then use 33254.3 as stoploss and 34094.54 as target.

You can find more Price Targets here or Forecast here for Shortterm, Midterm, and Longterm

Daily Candle Stick analysis of Nifty It NIFTY_IT

 Daily Candle Stick analysis of Nifty It NIFTY_IT

Candle stick analysis of Nifty It as on 03 Fri May 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 1.9 HC: 1.2 LC: 0.7 OC: 0.2

Nifty It is moving towards a low expiry

Nifty It is forming a DOJI candle

Candle stick analysis of Nifty It as on 02 Thu May 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 0.8 HC: 0.4 LC: 0.4 OC: 0.8

Candle stick analysis of Nifty It as on 30 Tue Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 1.6 HC: 1.5 LC: 0.2 OC: 0.4

Nifty It is moving towards a low expiry

Nifty It is forming a DOJI candle

Candle stick analysis of Nifty It as on 29 Mon Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 0.8 HC: 0.6 LC: 0.2 OC: 0.5

Nifty It is moving towards a low expiry

Nifty It is forming a DOJI candle

Candle stick analysis of Nifty It as on 26 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 2.2 HC: 1.9 LC: 0.3 OC: 1.7

Nifty It is moving towards a low expiry

Nifty It NIFTY_IT Weekly Analysis to buy or sell

As per my analysis of Nifty It NIFTY_IT, 12 week returns for Nifty It NIFTY_IT have been negative, with total returns of -5568.65, which is -14.47% with investment starting at 38477.05.
An investment of 100,000 bucks in Nifty It would have become 85530 bucks today.

Nifty It NIFTY_IT moves in a range of 639.7 points on a week to week basis. This means that a total of approx 639.7 plus points of returns can be expected in a bullish week, and a total of 639.7 minus points can be expected in a bearish week.
This is about 1.94% of returns per week.

Weekly Candle Stick analysis of Nifty It NIFTY_IT

 Weekly Candle Stick analysis of Nifty It NIFTY_IT

Candle stick analysis of Nifty It as on 03 Fri May 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 3.4 HC: 2.7 LC: 0.7 OC: 0.5

Nifty It is moving towards a low expiry

Nifty It is forming a DOJI candle

Candle stick analysis of Nifty It as on 26 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 3.1 HC: 1.9 LC: 1.2 OC: 2.4

Nifty It is moving towards a low expiry

Candle stick analysis of Nifty It as on 19 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 6.9 HC: 5.5 LC: 1.4 OC: 1

Nifty It is moving towards a low expiry

Candle stick analysis of Nifty It as on 12 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 1.8 HC: 1.6 LC: 0.2 OC: 0.5

Nifty It is moving towards a low expiry

Nifty It is forming a DOJI candle

Candle stick analysis of Nifty It as on 05 Fri Apr 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 3 HC: 1.1 LC: 1.8 OC: 1.2

Nifty It is moving towards a high expiry

Nifty It NIFTY_IT Monthly Analysis to buy or sell

As per my analysis of Nifty It NIFTY_IT, 12 month returns for Nifty It NIFTY_IT have been positive, with total returns of 3345.4, which is 11.32% with investment starting at 29563.00.
An investment of 100,000 bucks in Nifty It would have become 111320 bucks today.

Nifty It NIFTY_IT moves in a range of 1351.5 points on a month to month basis. This means that a total of approx 1351.5 plus points of returns can be expected in a bullish month, and a total of 1351.5 minus points can be expected in a bearish month.
This is about 4.11% of returns per month.

Monthly Candle Stick analysis of Nifty It NIFTY_IT

 Monthly Candle Stick analysis of Nifty It NIFTY_IT

Candle stick analysis of Nifty It as on 03 Fri May 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 3.4 HC: 2.7 LC: 0.7 OC: 0.5

Nifty It is moving towards a low expiry

Nifty It is forming a DOJI candle

Candle stick analysis of Nifty It as on 26 Fri Apr 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 8.3 HC: 5.9 LC: 2.3 OC: 1.2

Nifty It is moving towards a low expiry

Candle stick analysis of Nifty It as on 28 Thu Mar 2024 is showing a red candle, which means that the sellers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 9.9 HC: 9.3 LC: 0.6 OC: 0.4

Nifty It is moving towards a low expiry

Nifty It is forming a DOJI candle

Candle stick analysis of Nifty It as on 23 Fri Feb 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 6.4 HC: 1.4 LC: 5 OC: 5.5

Nifty It is moving towards a high expiry

Candle stick analysis of Nifty It as on 25 Thu Jan 2024 is showing a green candle, which means that the buyers are dominating this session.

Candle stick ratios of Nifty It are:
HL: 10.8 HC: 3.9 LC: 6.6 OC: 6.9

Nifty It is moving towards a high expiry

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