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Stock Phoenix’s Nifty Analysis for the Month of May – 2020

Nifty on Fibonacci

We will study the Nifty movement with the help of Fibonacci numbers. It’s one of the most important and powerful Indicator that will help us to arrive at the Targets for the reversal trend. It’s drawn by arriving at the top and bottom of the trend and it’s drawn to arrive at the next set of support and resistance. The higher the Time Frame, the better the results. Here we have taken the Daily charts to draw the Fibonacci Numbers. The drawing remains the same until we get a new high or new low by Nifty. Numbers 38.2% and 61.8% are considered as very crucial in the Fibonacci series

Nifty Analysis :

For the Month of April – Nifty has a good amount of recovery. However, this move not backed by any positive news. The Market is still on bearish mode due to Corona News and Lockdown. the further rally in the Market will be based on how the Lockdown will get over and how the companies will start performing and come back to BAU mode.

Let’s look into the more on Nifty move with the help of Technical tool Fibonacci. We love doing Nifty Analysis based on this Magic Tool and you all know the importance of the same.

We have drawn the Fibonacci Series based on the Swing high which has made on 14th of February at 12246 and the low which was made on the 24th of March at 7511. Now we have arrived at all the Retracement levels. And these levels will remain the same until 12246 or 7511 broken. However, the entire retracement levels will change if we get any new trend reversal in between. We will keep updating on the live level in our Telegram Channel.
As per the new Fibo Levels, Nifty took a lot of time to cross the level of 38.20% which stood at 9320 and this stayed as Magical number for quite some time. And finally, on the last two of the month, it crossed this zone and gave the Intermediate Target levels which is at 9878 and this is the 50% Fibo level.

On the last day of Expiry Nifty hit the Target at 50% and failed to close above the Same. As we know that any strong closing above the Fibo number will open the doors for the next number. So if Nifty would have closed above the Fibo number, then the next Target we are looking at an important level which is 61.80%. So the Ideal Target on the upper side we are looking at 10437.

So we are looking for the Bull run above 9878 with the potential Target of 10437. And bear runs below 9878 with the potential Target of 9320. And 9878 is 50% and Index just closed below 9878 and this is not good sign for Bulls.

Targets for the Month of May- 2020

As the Nifty has closed below the 50% and this is a sign of bearishness. If Nifty breaks 9879 then it will travel high towards 61.80% and if it remains down, then it will fall back to the next support level which is 38.20%. Breaking 38.20% will lead the Index to hit again 8000 and 7511.

  • Upside Targets: 10150 and 10437 (Above 9878).
  • Downside Targets: 9320, 9000 and 8628 (Below 9878).

What are the possibilities of Nifty going towards Bull run for the month of May?

Nifty has been falling since the 14th of Feb due to various reason. Twice it gave the dead cat bounce recovery. However, we need U shape recovery rather than V shape. And this recovery has to be slow below follow by positive news on the current panic situation. The entire county is on Lockdown mode since a month – All the services should resume to the normal situation and the growth should start. The Bull is far away by keeping the current situation in mind. And the once the upside run stats, We will have a very big run.

Even though the Fibonacci numbers are very accurate, the Fibonacci analysis does not tell anything about the timeline to achieving the targets. For the time frame, we have to take the help of the Nifty Option chain. The near term target can arrive with the help of the Option chain.

Weekly Expiry – 07th of May

No Views as per the Option Chain as the Option volume is very low and India VIX is still too high. We will update the view once volume increases and follow our Telegram Channel for more updates.

Monthly Expiry

No Views as per the Option Chain as the Option volume is very low and India VIX is still too high. We will update the view once volume increases and follow our Telegram Channel for more updates.

News that will affect the Nifty Movement

Wait for Lockdown and Corona Update. And the Stimulus package.

Conclusion form Stock Phoenix :

Stay Alert – The last week Bull rally was not backed by any news – we are expecting to have one more dip in the Index and slow recovery from thee on.

Follow us for more updates on our Telegram Channel

Live Market updates will be given on the Telegram Channel. Please follow Stock Phoenix Public Channel for more updates.

Telegram: https://t.me/StockPhoenix |Twitter: https://twitter.com/stock_phoenix

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96 Comments. Leave new

  • Thank you for sharing your insights sir… really helps us to predict how the May month Nifty moves would be.

    Reply
  • Very nice analysis Sir..
    Lucky to be a part of Stock Phoenix community.

    Reply
  • dhaval dabhi
    May 1, 2020 5:13 am

    Excellent Analysis Sir…
    Keep updating us …

    Reply
  • Chirag Desai
    May 1, 2020 5:19 am

    Good article sir. Good to see Nifty honouring the levels of Fibonacci magically.
    Would like to know, How have you come to next up target of 10150, as there is no such Fibo level? Is it the previous high Nifty made on 13 March?

    Reply
  • Brilliant Analysis, Thank you sir…

    Reply
    • Simple snd very clear analysis Which helps us to prepare and be ready in a clear mindset for the upcoming month. Hope all book their profits and stay happy.

      Reply
  • SRINIVASAN
    May 1, 2020 5:21 am

    Thank you for sharing index analysis. Its great helpful for trading index

    Reply
  • Lloyd Pereira
    May 1, 2020 5:33 am

    Amazing analysis backed by technicals.
    We will always keep learning from your views. Keep enlightening us 🙂

    Reply
  • Thank you sir for crisp article. Please let us know the impact of the news like reliance result

    Reply
  • Thanks for the post Sir. If I may add, this does motivate me to learn more and analyse some scripts in detail and share them with the group.

    Reply
  • Appreciate your comments and views. Very rightfully updated Nifty view. shall look at another bearish move next week and support at 9320 to take entry for the up move

    Reply
  • Jagadeesan
    May 1, 2020 5:42 am

    Very good update sir crystal clear we can take positions based on this fibo as well

    Reply
  • Ankur Jain
    May 1, 2020 5:43 am

    Good Analysis.

    Reply
  • Uday Chaurasiya
    May 1, 2020 5:44 am

    Sir, excellent guidance of the market, how it will react let’s see.

    Reply
  • Superb analysis sir. Today I got some new knowledge while reading the artical. Keep analysing and sharing it sir.

    Reply
  • Great analysis of Nifty based on Fibo numbers! You have been projecting the likely upward and downward targets quite precisely and well in advance.
    I really appreciate that.Thank you Prabhu

    Reply
  • aditya agarwal
    May 1, 2020 5:48 am

    Superb Analysis Stock Phoenix team. Congrats for always bang on your pridicted targets. Hats off to your Team Experts and their timely and accurate Analysis.

    Reply
  • Kunjan Vora
    May 1, 2020 5:51 am

    Good to know ..super and excellent article …your fibbo number are always help us to stay alert . Keep sharing your knowledge to us . Thank you .

    Reply
  • Rahul chordiya
    May 1, 2020 5:54 am

    Perfectly analysed and very gud convincing detailing prabhu sir .

    Reply
  • Thank you.. Really appreciate for your efforts.. And guidance about the nifty movement..

    Reply
  • Dr Devendra
    May 1, 2020 5:57 am

    Very beautifully explained. Moreover, what excites me is the analysis been given B4 it hits the target.. Great work.. All the best SP and I am proud I am associated with SP as a student..

    Reply
  • Sir,

    Really insightful analysis, we have seen your levels during the month of April and I can say you were bang on in hitting the dart. Fibo levels works perfectly well 🙂

    Let’s wait and watch the upcoming month 🙂

    We are here to fulfil your aim to make all of us an Independent Trader as our motto says “ Rebirth of Traders ”

    Reply
  • Sai mudiraj
    May 1, 2020 5:58 am

    Comment Thankyou stock phoenix

    Reply
  • Jayanand Desai
    May 1, 2020 5:59 am

    Very thoughtful analysis sir !!

    Reply
  • An excellent analysis. Thank you very much Sir for sharing your insights.

    Reply
  • Great analysis ,It’s very usefull for many members keep updating many more things thank u 🙏🙏🙏

    Reply
  • A perfect analysys of NIFTY ,would be helpful for the investment and trading going through the Fibo theory.

    Reply
  • RENGARAJ.M
    May 1, 2020 6:16 am

    Exclusively trend analysis report. Perfect and more accurate guidance. Thank you sir

    Reply
  • Sir thanks for sharing this. It’ll be very helpful. 🙂

    Reply
  • Thank you sir Explaining Nifty by using Fibonacci analysis 🤗👏

    Reply
  • Kamal Panigrahi
    May 1, 2020 6:36 am

    Informative.

    Reply
  • Ankit Rathi
    May 1, 2020 6:37 am

    The best part about your analysis is you never give one side trend. You state your levels if this crosses this will be the new high Or this level breaks this will be the expected low. Makes us well prepared for either side movement. Unlike others who change there analysis with the trend.

    Reply
  • Shubham jain
    May 1, 2020 6:41 am

    This is fabulous sir
    I am desperately know about the analyst how they predict the actual level of index dot to dot.
    This is first time how they get the level.
    Thanks alot sir about these levels analysis method. We will definately learn a lot in your guidelines.

    Reply
  • Nice information it’s very useful for trading

    Reply
  • Maheswaran Arumugam
    May 1, 2020 6:50 am

    Thanks for sharing your nifty May 2020 analysis, its would very help us a lot, especially for beginners like me….

    Reply
  • Comment

    Reply
  • Very nice analysis sir as always. It will be really helpful for everyone.

    Reply
  • ANUJ KUMAR JAIN
    May 1, 2020 7:17 am

    Amazing analysis and deep dissection of situations affecting the market. This analysis will help all the people who are involved in the active/passive trading. It is going to be an insight about the market trend in the May month.

    Reply
  • Excellent analysis sir. Very enlightening. The learning keeps getting stronger with Stock Phoenix.

    Reply
  • Very insightful and detailed like always. Giving clear cut information. Thank you Prabhu Sir!

    Reply
  • Superb analysis sir.

    Reply
  • Analysis blending Excellency & Experience…..Super sir

    Reply
  • About Stock Market When i was heard news from Experienced guys & News Channels that they Give prediction About Stock Market And On Nifty then I impressed from them and i deduce them a Great Master and a Big analyser. But when i join STOCK PHOENIX Public channel i learn Stock market And Mainly Fibonacci how they Predict…The STOCK PHOENIX ANALYSIS ON NIFTY is the Best Best Channel to learn and Predict And Analyse the Market…
    Thanks A lot To Prabhu Selvaraj & Senthil Kumar And also whole the SP Team.

    Reply
  • Good analysis, lot to learn but this is very insightful.

    Reply
  • It’s is looking accurate levels and the best analysis it helps to move with further trades in upcoming days thankyou so much sir for sparing a precious time to write the blog❤️

    Reply
  • CommentVery Nicely written with simple and clear deductions.

    Reply
  • EXCELLENT WORK SIR:- for the month of may 2020 index. I’m very happy to be a part of Phoenix family i choose right way to learn stock market. Thank you for your analysis relay I bow for your analysis sir. Keep posting such great analysis. Thank you sir

    Reply
  • Very informative. Thanks your analysis will help us for trading.

    Reply
  • Honey Arora
    May 1, 2020 10:14 am

    Thanks for sharing the information, this really helps to the traders…
    Please keep sharing….

    Reply
  • Superb analysis prabhu sir..
    Nifty-Art & Prabhu sir(Genie)-Artist

    Reply
  • Crystal clear analysis using Fibonacci and option chain. Entire analysis is so simple that anybody can understand when to take long or short. Thank you SP team for such a wonderful analysis.

    Reply
  • It is very good analysis sir, from the day you started free webinar, from the date onwards I am following you sir..

    Reply
  • mansih rawat
    May 1, 2020 1:22 pm

    Very nicely articulated… written in layman language easy to understand and enjoyed reading.

    Reply
  • Really worthful

    Reply
  • tej charan
    May 1, 2020 4:38 pm

    Hope the stock market should move in Bullish mode and understood the importance of Technical analysis and the concept of Fibonacci.

    Thank you for valuable info…

    Reply
  • Sir myself sanjay..student from 23rd batch..I m watching ur ginie prediction since 10 days..ur nifty analysis is damn accurate…M ready to learn many new things from u sir…

    Reply
  • Ashish Kumar Pany
    May 1, 2020 4:44 pm

    Nice analysis

    Reply
  • Umesh Sharma
    May 1, 2020 4:49 pm

    Such a wonderful insight sir like always.

    Reply
  • Kaushal Dangar
    May 1, 2020 4:54 pm

    Worthy article on nifty time frame
    Constantly observe your view since 14th Feb ,it’s totally like fibbo number series drive Market way
    Hats off to that accuracy and your fibbo knowledge Prabhu sir..

    Reply
  • Kaushal Dangar
    May 1, 2020 4:55 pm

    Comment

    Reply
  • Pooja Kabra
    May 1, 2020 4:57 pm

    Very good analysis sir. I am still a newbie, but able to understand it. I am sure I’ll be able to learn more in our training sessions by you!

    Reply
  • Sreenu S Kamath
    May 1, 2020 5:03 pm

    Great information that is practicable in Nifty markets in the month of May.

    Reply
  • Nitin Paul
    May 1, 2020 5:11 pm

    Hi ,
    This is a very nice & knowledgeable analysis thanks for sharing this wonderful & important analysis to us. From day 1 I m getting so much knowledge from your webinar & your channel support. You r great sir & ur team also supportive.
    Thanks

    Reply
  • Umakant Chidre
    May 1, 2020 5:20 pm

    Well explained view on nifty. Thank you sir.

    Reply
  • It’s really given us nice picture of wat to expect in coming days… Thanks for spending so much of time to analyse and share the analysis to us… Hats off…
    Thanks…

    Reply
  • Pranay Iyer
    May 1, 2020 5:42 pm

    Good read and informative.

    Reply
  • Excellent analysis sir. As there is no relief in the current scenario can we expect a big fall?

    Reply
  • Great informative article sirji.. got insight on two important things i.e., use of the Fibo magic tool and also on how to analyze the movements.. I am hopeful that after my course with SP team will be able to learn and have clarity of thought like you sir..

    Reply
  • Good analysis, lot to learn but this is very insightful.

    Reply
  • Parag shah
    May 1, 2020 7:33 pm

    👍👍

    Reply
  • Thank you very much for sharing the valuable details

    Reply
  • Thank you sir. It’s very good analysis on nifty. Please share such articles in future also.

    Reply
  • Akshat modi
    May 2, 2020 3:21 am

    This is so wisely explained sir. Great analysis

    Reply
  • Bhaskaran G
    May 2, 2020 3:23 am

    Amazing technical analysis..
    We’re inspired by SP learning management and interest to learn many new skills.

    Reply
  • Nicely written article which can be assimilated by a person new to stock market and trading. The thoughtful insight gives us a headway to plan well before the Market opens on first trading day in May. We hope to get similar insight from you in the future sir and continue to gain.
    Thanks

    Reply
  • Very detailed Analysis.

    Reply
  • @Prabhu Sir, Well explained analysis on Nifty. Thanks a lot for sharing this information.

    Reply
  • Sareenmohan
    May 2, 2020 3:29 am

    Very informative … Could understand another downfall is expected.

    Reply
  • Rajesh Neithilath
    May 2, 2020 3:33 am

    Well explained in plain and simple language.

    Reply
  • Vidyasagar
    May 2, 2020 3:42 am

    Comment super explain sir , enough to check nifty analysis no need to check news and other material

    Reply
  • Perfect analysis of Nifty’s Future move.. SGX Nifty is trading 9300 around now. Great sir…. 👍

    Reply
  • Excellent Sir, Gives us a whole new perspective to look at NIFTY and market backed by technicals & other parameters.
    Sir I would like you to take a session or write an article on how to derive the daily target levels for NIFTY like Short & Long levels. Proud to be a SP student.
    Thankyou!

    Reply
  • Thank you Sir
    Excellent analysis ..
    It will help full to understand this months nifty trend… Always share this type of knowledge with us

    Reply
  • Thank you for sharing index analysis. The explanation is simple and very clear.

    Reply
  • Nice information

    Reply
  • Very informative put up in a simple manner!

    Reply
  • Kamal Singh
    May 2, 2020 4:21 am

    Very good and informative article sir. Amazing to see magic of Fibb coming live. Thanks for sharing beautiful analysis.

    Reply
  • Parmar Kaushik
    May 2, 2020 4:25 am

    Thanks Prabhu Sir for your Nifty 50analysis for May month.
    I learn fiboo level compeletly.

    Reply
  • Dheeraj Kumar
    May 2, 2020 4:27 am

    Good analysis backed by technicals. Your views are always adhered by the markets. Don’t know how you do it? Must be having some magical analytical skills.
    We will always keep learning from your views. Keep enlightening us 🙂

    Reply
  • Excellence at its peak. Eventhough your experience matters ,but how many of them are interested to disclose the same.
    Leading a team of high numbers comes only because you share the same knowledge to us and in turn that shows you creating more leaders.
    In tamil sayings “guruva minchinya sisyan”.
    Not all leaders will teach their techniques and with this you have proved that you wants more leaders to emerge from SP team

    Reply
  • Thiyagarajan A
    May 2, 2020 4:44 am

    A perfect analyses of NIFTY, really helpful for the traders and it shows how Fibo is playing vital role in the market

    Reply
  • Venkata Prasanth
    May 2, 2020 4:47 am

    Very precisely explained. Almost every target mentioned in here was met at the designated time. Keep going and let us also grow along with you.

    Reply
  • Well explained and simple to understand

    Reply
  • Complete thorough information of Nifty movement from last month of march to next month of april. And till now nifty has acted as you said. You are like a magician to nifty; you says and it moves. It will help each and every trader to understand move and according to that everyone can take further steps to make green. Thank you sir for such a informative post.

    Reply
  • Complete thorough information of Nifty movement from last month of march to next month of May. And till now nifty has acted as you said. You are like a magician to nifty; you says and it moves. It will help each and every trader to understand move and according to that everyone can take further steps to make green. Thank you sir for such a informative post.

    Reply

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