BANKNIFTY Intraday Trade Setup For 7 May 2024 Bullish-Above 49260 Invalid-Below 49150 T- 49735 Bearish-Below 48650 Invalid-Above 48760 T- 48145 47650 BANKNIFTY has closed on a flat note today. In the weekend half bat was plotted near 49200 and it gave a pullback till PRZ via gap up and respected that. It traded between yesterday's range and formed an inside...
NIFTY Intraday Trade Setup For 8 May 2024 Buy-Above 22350 Invalid-Below 22300 T- 22590 Bearish-Below 22230 Invalid-Above 22280 T- 22000 21800 NIFTY has closed on a bearish note with 0.62% cut today. Sell triggered below 22350 and gave a good move till 22335. Index held 50 EMA in daily TF. In case 50 EMA is respected then 22350 will be a bullish reversal level....
"Good morning, friends! Here are the directions for May 7th: The global market has moderate bullish sentiment, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +12. Both Nifty and Bank Nifty have the same consolidation structure. If...
cmp : 22442 demand zone : 22305-22392 supply zone : 22740-22810 nifty is respecting both demand and supply zone. breaking any one zone will be indication for next big directional move of 2-4% price action suggest bearishness but if demand zone is respected it may bounce back. any dip towards demand zone should be treated as buying opportunity with strict stop...
As on 6th May EOD closing chart, BN is holding on to support area. BN is strong with positive news from ICICI, Kotak, Axis and average results from HDFC. Just a draft proposal from RBI on its new policy had to see some sell off from SBI which was very bullish. Trade on 7th may to be based on opening and breaking of S1 or R1 etc
NIFTY Intraday Trade Setup For 7 May 2024 Buy-Above 22600 Invalid-Below 22550 T- 22810 Bearish-Below 22340 Invalid-Above 22390 T- 22100 21885 NIFTY has closed on a slight bearish note with 0.15% cut today. It gaped up and did not trigger any trade levels. Infact it traded between previous day's range. Tomorrow if it opens flat and 22340 is sustained then we...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22480 level and then possible upside rally up to 22600 level in today's session. in case nifty trades below 22430 level then the downside target can go up to the 22310 level.
If rejection happens from 22309 then more 📉 📉 to 22166 If hourly closing or support sustains above 22309 then short covering 📈 📈 to above levels marked on the chart Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
22484 -- 22504 ( No trade zone ) Hourly closing above 22504 then 📈 📈 to 22583 Closing below 22484 in any hourly 🕯 then 📉 📉 to 22389 -- 22342 marked on the chart . Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty will be gap up opening in today's session. After opening nifty sustain above 22480 level and then possible upside rally up to 22600 level in today's session. in case nifty trades below 22440 level then the downside target can go up to the 22320 level.
NIFTY50 Technical Chart Analysis NIFTY50 is currently in a high greed zone, attracting investors eager to join the bull rally. Let’s examine the key scenarios expected to play out over the next few days: Chart Analysis: NIFTY50 is forming a bull flag within a rising channel. Historically, this pattern tends to lead to a downside breakout, which makes any...
Nifty 50 View for the week 6 May 2024 to 10 May 2024. - Expected support, resistance, and consolidation zones markings. - Expected targets.
"Good morning, friends! Here are the directions for May 6th: There have been no changes in the global market; it's maintaining its range, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +100. Nifty fell drastically in the previous session, so the...
Profit Booking or Sell off by FII has pulled the Nifty down, RBI draft policy added fuel to the sell off in banking + domestic big players called for Sell in Nifty. Any more Selling from FII larger than DII will not see any chart levels and price could fall only. In case FII pause their selling on 8th then good chance for quick spike in Nifty back to ATH - 22750...
The Index couldnot hold opening gains & showing correction from last 3 sessions Until it stays below 22500 level, it may come to test the level of 22200/100 Upside imp hurdle is placed around 22500 zone while immidiate support is near 22200/150 zone *For Educational Purpose
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Our markets not rallying as against the recovery in US markets - speculating something to do with the re-election and taxation. Since I do not have any data points, will wait for more clarity." After having an inline opening, Nifty50 started falling quite aggressively. Without a real struggle, 22295 was...
Updated trend analysis. Based on the huge selloff on 7th May 2024, the trend analysis of Nifty 50 has been updated with new continuations and reversals support and resistance areas. - An old gap below 22200 might get filled - Expected bearish continuation - Expected bullish reversal
22348 could be a reversal level for upside If hourly closing happens below 22348 then 📉 📉 next is 22309 If support sustains on 22348 then 📈 📈 22435 -- 22527 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.