Nifty Bottom Forming? “Be Greedy When Others Are Fearful”

Hello Everyone, i hope you all will be doing good in your life and your trading as well. Let's discuss about nifty and analysis some next move.
Guy's after a sharp correction in Nifty, signs of a potential bottom are finally emerging. Yesterday’s price action, supported by strong volume and the appearance of an Abandoned Baby candlestick pattern, indicates that we might have witnessed a key reversal day. The price held firm near a crucial support zone, and with most stocks near 52-week lows, we could be staring at a solid bounce opportunity.
This is exactly when smart money starts accumulating — when fear is high and hope is low. A price rally towards the upper channel resistance looks probable, provided Nifty sustains above the breakout zone.
echnical Highlights:
Market Outlook:
With the broader market showing deep corrections across sectors (some 30–35% down from highs), this zone could be a powerful accumulation range. From Banking, Pharma, Chemicals, to IT and FMCG, many sectors are offering long-term value. As global sentiment improves and short-term panic fades, we may see Nifty lead a recovery move supported by sector rotation.
Rahul’s Tip
Bottoms aren’t confirmed by green candles alone, but by conviction + price behavior near support. Stay calm, follow structure, and let the chart do the talking.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you Found this helpful? Don’t forget to like, share. And Do you think this was the bottom for Nifty? Drop your thoughts and let’s discuss below!
Guy's after a sharp correction in Nifty, signs of a potential bottom are finally emerging. Yesterday’s price action, supported by strong volume and the appearance of an Abandoned Baby candlestick pattern, indicates that we might have witnessed a key reversal day. The price held firm near a crucial support zone, and with most stocks near 52-week lows, we could be staring at a solid bounce opportunity.
This is exactly when smart money starts accumulating — when fear is high and hope is low. A price rally towards the upper channel resistance looks probable, provided Nifty sustains above the breakout zone.
echnical Highlights:
- Reversal Signal: Formation of Abandoned Baby pattern near support
- Volume Spike: Indicates possible institutional buying near bottom
- Support Zone: Price reversed from key area, aligning with earlier channel lows
- Resistance Target: 23,200-23,300 – upper boundary of the falling channel
Market Outlook:
With the broader market showing deep corrections across sectors (some 30–35% down from highs), this zone could be a powerful accumulation range. From Banking, Pharma, Chemicals, to IT and FMCG, many sectors are offering long-term value. As global sentiment improves and short-term panic fades, we may see Nifty lead a recovery move supported by sector rotation.
Rahul’s Tip
Bottoms aren’t confirmed by green candles alone, but by conviction + price behavior near support. Stay calm, follow structure, and let the chart do the talking.
Disclaimer: This analysis is for educational purposes only. Please consult a financial advisor before making investment decisions.
If you Found this helpful? Don’t forget to like, share. And Do you think this was the bottom for Nifty? Drop your thoughts and let’s discuss below!
Trade attivo
UPDATE: Gift Nifty Roaring with 3.5%+ Gains!
Just when the market was gripped with fear — Gift Nifty ne dikhaya asli power!
As per the latest chart (10th April), Gift Nifty is up by 786 points (3.5%), creating a strong sentiment boost for tomorrow’s Indian market opening.
This kind of move clearly indicates aggressive buying and potential short-covering rally ahead.
- Previous Day Close (9th April): 22,475.5
- Current Levels: Trading near 23,259+
- Total Jump: +786 points (3.5%)
What This Means:
- Expect a solid gap-up opening in Nifty & Bank Nifty.
- Keep an eye on high beta sectors and large caps — they might lead the rally.
- Intraday traders, be ready for volatility and opportunity!
“Be Greedy When Others Are Fearful” — The bulls might just take that seriously tomorrow!”
Rahul Pal (TradingView Moderator)
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Rahul Pal (TradingView Moderator)
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.