Nifty Analysis - Stance Bullish ⬆️ Nifty hits a new ATH and then falls over 155 points, goes below water, and then closes 23 points lower @ 22642. The new ATH is 22768. The main villain again was the NiftyIT sector which had a -1.59% 566 points intraday fall. Firstly it went up 535 points in the opening 20 minutes and then gave all that away to close flat for the...
#NiftyIT Sector Analysis (1W TF) Pattern: TRENDLINE BREAKOUT - Breakout of Resistance - Done ✓ - Major Resistance Breakout - Done ✓ - Retracement & Consolidation - In Progress #stocks #swingtrade #chartanalysis #priceaction #traderyte #india #indiagdp #StockMarketindia
Stop Loss base of today's green candle. There is a box break out today in the subject share. Target is in chart.
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “But before we go long, let us give it a day or two because the reaction today may be the after-effect of the adjustments and rebalancing that was done over the last 2 to 3 days due to year-end.” Nifty was falling gradually, almost maintaining the same slope as yesterday. The final 90 minutes saw some...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “We drew an inverse Head & Shoulders pattern on the 22nd. If that holds true, we should be getting some assistance tomorrow or the 28th” 4mts chart Nifty did more than okay today, we opened above the resistance level of 22051 and then steadily climbed to 22181 before cooling off. We then had another...
Welcome To Trend Talk😊 All Levels in a Chart Options Trading for Beginners Options are a form of derivative contract that gives buyers of the contracts (the option holders) the right (but not the obligation) to buy or sell a security at a chosen price at some point in the future. Option buyers are charged an amount called a premium by the sellers for such a...
BankNifty Analysis - Stance Neutral ➡️ BankNifty stays in the neutral zone for yet another day. Even when N50 made its 1.36%, BN went up only by 0.9%. NiftyIT was tanking on one side, but BN was holding its ground from falling. I am seriously confused about whether Nifty or BankNifty has the lower beta. Even the profit booking in the last 40mts did not have a...
Good morning, friends! Here are the directions for March 21st: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +160 point. Nifty has closed near the open price, but the swing was very huge....
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “Once we breached the support, there was no attempt to retrace. One thing is missing though — momentum. The weak hands still hold the shorts..” 4mts chart Nifty went ahead and broke the recent swing low. The lowest point today was 21710. From the open till 10.47 - the index played as per script, but what...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “The only reason we pushed through the resistance yesterday was because of NiftyIT. And today NiftyIT started with cuts of -0.9%. Do you agree with me now that the main villain is NiftyIT which is preventing Nifty50 for a smooth directional trend?” 4mts chart Is Nifty above or below 22051? I must change...
PERSISTENT SYSTEMS (1D TF) - Swing Trade Analysis given on 17th March, 2024 Pattern: GAP FILLED WITH FALLING WEDGE BREAKOUT - Trendline Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress #persistentsystems #niftyit #nifty #swingtrade #midcap
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: “If you look at the higher time frame, today’s price moves might be between 38.2 to 50% Fibonacci retracement levels and what might have formed could be a lower high.” 4mts chart Nifty was not able to sustain the gains yesterday, within the opening 15 minutes itself it breached the support level of 22051...
BankNifty Analysis - Stance Neutral ➡️ Banks were performing as expected today, even though we had a neutral view we ended up losing 0.41% for the day. The stance for tomorrow also continues to be neutral as BN did not breach support or resistance today. The starting candle was perfect as per the script, from there we rose 666pts ~ 1.43% to reach the HOD of 47231...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Nifty managed to pull up and close above 22358 which is not a bad thing at all, but what was worrying is how NiftyIT traded today.” 4mts chart How many of you really thought we would hit a new ATH today? Even if you happened to read yesterday’s post-mortem report - you might not have gathered enough...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Our stance continues to be bullish and the first support level would be 22295. It is a shallow support and not quite relevant for a stance change, but the momentum is what really matters.” 4mts chart For a brief period, Nifty traded below the support level of 22295. Even on the lower timeframe we did...
BankNifty Analysis - Stance Neutral ➡️ BankNifty is still stuck at the 47465 resistance level and this according to me was the primary reason why even Nifty could not find the upward thrust. There were 4 specific instances when BN tried to break the resistance and move up but all of them got rejected. This does not really mean that the Bulls are tired or out of...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “On the higher timeframe, the last candle of the day stands out, ample GREENery for the Bulls to feast. We are not removing the double top (M pattern) for now, because to negate that Nifty50 has to take out the ATH.” 4mts chart Was the Nifty’s price action predictable in the last 2 days? What do you...
BankNifty Analysis - Stance Bearish ⬇️ There is no doubt that the stance on Banknifty is anything but bearish. Even though we started quite okay, we quickly gave up the gains. After 10.23 the intensity of selling was quite strong. And once we came back to the bearish channel the depth of the RED candles kept on increasing. Banks were the first to react to the bad...