{"id":3762,"date":"2019-01-23T05:16:39","date_gmt":"2019-01-23T05:16:39","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=3762"},"modified":"2019-01-23T05:16:39","modified_gmt":"2019-01-23T05:16:39","slug":"indianiveshs-nifty-overview-for-january-23-2019","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/","title":{"rendered":"IndiaNivesh’s Nifty overview for January 23, 2019"},"content":{"rendered":"

By Mehul Kothari<\/strong>
\nSr. Technical Analyst – Equity,IndiaNivesh<\/strong><\/p>\n

Post breakout\u00a0from 10930 mark, yesterday the index faced some profit booking from higher levels but managed to sustain above 10900 mark. We reiterate our stance that pattern wise there is a clear breakout which indicates potential upside towards 11000 \u2013 11100. In addition, the daily ADX (14) indicator has signalled a positive crossover which might bode well for the bulls. Thus we maintain our stance that the upside could continue in upcoming sessions.<\/p>\n

At the same time, we would like to mention that 11100 – 11200 still remains an important resistance where traders should start booking their long positons for the time being. Meanwhile, 10840 \u2013 11000 levels are likely to act as intermediate support and resistance respectively in the coming session. Traders are again advised to avoid over leveraged positions.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mehul Kothari Sr. Technical Analyst – Equity,IndiaNivesh Post breakout\u00a0from 10930 mark, yesterday the index faced some profit booking from higher levels but managed to sustain above 10900 mark. We reiterate our stance that pattern wise there is a clear breakout which indicates potential upside towards 11000 \u2013 11100. In addition, the daily ADX (14) […]<\/p>\n","protected":false},"author":3,"featured_media":3764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[3288],"class_list":["post-3762","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-profit-booking"],"aioseo_notices":[],"yoast_head":"\nIndiaNivesh's Nifty overview for January 23, 2019 - Finance Intellect<\/title>\n<meta name=\"description\" content=\"Post breakout\u00a0from 10930 mark, yesterday the index faced some profit booking from higher levels but managed to sustain above 10900 mark. We reiterate our stance that pattern wise there is a clear breakout which indicates potential upside towards 11000 \u2013 11100. In addition, the daily ADX (14) indicator has signalled a positive crossover which might bode well for the bulls. Thus we maintain our stance that the upside could continue in upcoming sessions.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IndiaNivesh's Nifty overview for January 23, 2019 - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"Post breakout\u00a0from 10930 mark, yesterday the index faced some profit booking from higher levels but managed to sustain above 10900 mark. We reiterate our stance that pattern wise there is a clear breakout which indicates potential upside towards 11000 \u2013 11100. In addition, the daily ADX (14) indicator has signalled a positive crossover which might bode well for the bulls. Thus we maintain our stance that the upside could continue in upcoming sessions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/\" \/>\n<meta property=\"og:site_name\" content=\"Finance Intellect\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-23T05:16:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"FI Online\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Fin_Intellect\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"FI Online\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/\"},\"author\":{\"name\":\"FI Online\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"headline\":\"IndiaNivesh’s Nifty overview for January 23, 2019\",\"datePublished\":\"2019-01-23T05:16:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/\"},\"wordCount\":135,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg\",\"keywords\":[\"profit booking\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/\",\"name\":\"IndiaNivesh's Nifty overview for January 23, 2019 - Finance Intellect\",\"isPartOf\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg\",\"datePublished\":\"2019-01-23T05:16:39+00:00\",\"author\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\"},\"description\":\"Post breakout\u00a0from 10930 mark, yesterday the index faced some profit booking from higher levels but managed to sustain above 10900 mark. We reiterate our stance that pattern wise there is a clear breakout which indicates potential upside towards 11000 \u2013 11100. In addition, the daily ADX (14) indicator has signalled a positive crossover which might bode well for the bulls. Thus we maintain our stance that the upside could continue in upcoming sessions.\",\"breadcrumb\":{\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#primaryimage\",\"url\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg\",\"contentUrl\":\"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg\",\"width\":1000,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/financeintellect.com\/home-page\/home\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"IndiaNivesh’s Nifty overview for January 23, 2019\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#website\",\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/\",\"name\":\"Finance Intellect\",\"description\":\"Get business and finance insights\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130\",\"name\":\"FI Online\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g\",\"caption\":\"FI Online\"},\"sameAs\":[\"https:\/\/financeintellect.com\/\",\"https:\/\/www.linkedin.com\/company\/finance-intellect\/\",\"https:\/\/x.com\/Fin_Intellect\"],\"url\":\"https:\/\/financeintellect.com\/home-page\/home\/author\/fi-online\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"IndiaNivesh's Nifty overview for January 23, 2019 - Finance Intellect","description":"Post breakout\u00a0from 10930 mark, yesterday the index faced some profit booking from higher levels but managed to sustain above 10900 mark. We reiterate our stance that pattern wise there is a clear breakout which indicates potential upside towards 11000 \u2013 11100. In addition, the daily ADX (14) indicator has signalled a positive crossover which might bode well for the bulls. Thus we maintain our stance that the upside could continue in upcoming sessions.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/","og_locale":"en_US","og_type":"article","og_title":"IndiaNivesh's Nifty overview for January 23, 2019 - Finance Intellect","og_description":"Post breakout\u00a0from 10930 mark, yesterday the index faced some profit booking from higher levels but managed to sustain above 10900 mark. We reiterate our stance that pattern wise there is a clear breakout which indicates potential upside towards 11000 \u2013 11100. In addition, the daily ADX (14) indicator has signalled a positive crossover which might bode well for the bulls. Thus we maintain our stance that the upside could continue in upcoming sessions.","og_url":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/","og_site_name":"Finance Intellect","article_published_time":"2019-01-23T05:16:39+00:00","og_image":[{"width":1000,"height":600,"url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg","type":"image\/jpeg"}],"author":"FI Online","twitter_card":"summary_large_image","twitter_creator":"@Fin_Intellect","twitter_misc":{"Written by":"FI Online","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#article","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/"},"author":{"name":"FI Online","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130"},"headline":"IndiaNivesh’s Nifty overview for January 23, 2019","datePublished":"2019-01-23T05:16:39+00:00","mainEntityOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/"},"wordCount":135,"commentCount":0,"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg","keywords":["profit booking"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/","url":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/","name":"IndiaNivesh's Nifty overview for January 23, 2019 - Finance Intellect","isPartOf":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#website"},"primaryImageOfPage":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#primaryimage"},"image":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#primaryimage"},"thumbnailUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg","datePublished":"2019-01-23T05:16:39+00:00","author":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130"},"description":"Post breakout\u00a0from 10930 mark, yesterday the index faced some profit booking from higher levels but managed to sustain above 10900 mark. We reiterate our stance that pattern wise there is a clear breakout which indicates potential upside towards 11000 \u2013 11100. In addition, the daily ADX (14) indicator has signalled a positive crossover which might bode well for the bulls. Thus we maintain our stance that the upside could continue in upcoming sessions.","breadcrumb":{"@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#primaryimage","url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg","contentUrl":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg","width":1000,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/financeintellect.com\/home-page\/home\/indianiveshs-nifty-overview-for-january-23-2019\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/financeintellect.com\/home-page\/home\/"},{"@type":"ListItem","position":2,"name":"IndiaNivesh’s Nifty overview for January 23, 2019"}]},{"@type":"WebSite","@id":"https:\/\/financeintellect.com\/home-page\/home\/#website","url":"https:\/\/financeintellect.com\/home-page\/home\/","name":"Finance Intellect","description":"Get business and finance insights","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/financeintellect.com\/home-page\/home\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/a90045187089bff33d502ca60561a130","name":"FI Online","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/financeintellect.com\/home-page\/home\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ab72c4277f611e5285f278611444066aca2b7a7df59873dd3a004a50828bfae0?s=96&d=mm&r=g","caption":"FI Online"},"sameAs":["https:\/\/financeintellect.com\/","https:\/\/www.linkedin.com\/company\/finance-intellect\/","https:\/\/x.com\/Fin_Intellect"],"url":"https:\/\/financeintellect.com\/home-page\/home\/author\/fi-online\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/financeintellect.com\/wp-content\/uploads\/2019\/01\/IndiaNiveshs-Nifty-overview-for-January-23-2019.jpg","_links":{"self":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/3762","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/comments?post=3762"}],"version-history":[{"count":1,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/3762\/revisions"}],"predecessor-version":[{"id":3766,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/posts\/3762\/revisions\/3766"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media\/3764"}],"wp:attachment":[{"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/media?parent=3762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/categories?post=3762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financeintellect.com\/home-page\/home\/wp-json\/wp\/v2\/tags?post=3762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}