Nifty was unable to break the 22519 support, the entire day we spent hovering around this support resistance level - but the sheer inability to break shows the lack of strength of the Bears. I would have maintained the bearish stance if we had at least 1 candle below this level. Currently, the next support level is at 22295 and the resistance level is at...
The price has given the break of structure on the down side. The broken structure indicates a start of a downtrend. But the downtrend will be confirmed on the breakdown of 22,417. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
As we discussed, Nifty had a sideways structure; it was sideways the whole day. If we look at the chart now: The market is trading in the range while taking good resistance at 200-EMA. The market is very volatile as VIX is 24.60. the market is trading in the range 22465 - 22639. If we look at the last two candles, it is a huge volume from the support...
Today we have a gap down opening and the price has made a strong negative candle. The price is in a strong negative trend. The probability on the down side is more than 60%. Also the price is entering in the compression zone. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Hourly closing below 22584 -- 22609 will be 🐻 📉 📉 to 22428 and 22280 22280 could test within 3rd June Any closing sustains above 22609 in hourly then 📈 📈 Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Good morning, friends! 🌺🍬 Here are the directions for May 31st: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 25 points. Nifty and Banknifty moved in different paths in the...
Nifty continued its downward journey yesterday, ending 216 points down. The nearest support zone (daily 22,483 - 22,630) mentioned in the last post was broken, with Nifty making a low of 22,417. Support Levels: Near Support: 22,313 (61.8% FIBO level of the last swing) Far Support Zone (75m): 21,821 - 22,041 Resistance Levels: Nearest Resistance Zone (15m):...
Over the last 1 week, Nifty hits a new ATH of 23110 and falls 3% ~ 693pts. On a week-2-week basis, we have only fallen 395pts ~ 1.72%. What is more important is that we have started a nice reversal, what needs to be seen is if we get a stronger fall this time. On every other occasion, the dip buyers emerged and ensured our indices were continuing the one-way trip...
Symbol - NIFTY50 CMP - 22960 NIFTY50 is following a rising channel & headed strongly towards its higher end. Currently It is trading near round level of 23000. According to my analysis & my view, Nifty50 will face strong resistance around round level 23000 - 23100 which is also upper end of the rising channel. I'm expecting Nifty to show a reversal from these...
As we discussed, Nifty had a bearish structure; It has fallen by 287 points. If we look at the chart now: The market is trading in the bearish zone below 200 EMA. The market has taken support from the 0.50 Fib level while making a Morningstar pattern with a very nice volume spike. Price is trading below EMAs, showing a weak bull structure. If we look at...
If next hourly candle closes below 22582 -- 22589 then more 📉 📉 could be possible to below levels marked on the chart If closing sustains above 22589 then SL hunting 📈 to 22689 and if it sustains above then will post upside targets 22280 and 22100 levels could test within 4th June Disclaimer : It's a personal view not a financial advice and I...
Today the price has opened with a gap down. Most importantly the degree and nature of separation in both bands indicates the price is entering in the compression zone. The price could experience high volatility. The tentative range for tomorrow is 22577 to 23000. Disclaimer : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
22972 --22998 (No trade zone) Closing below 22972 in hourly could be bearish 📉 to below levels marked on the chart Any closing above 22998 in hourly is bullish 📈 ( will post upside levels if it sustains ) Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises
Yesterday, Nifty took support at the near support zone mentioned in the last post and bounced in the first 30 minutes. However, it did not sustain and fell, closing 183 points down by the end. Support Levels: Nearest Support Zone (Daily): 22,483 - 22,630 Far Support: 22,313 (61.8% FIBO level of the last swing) Resistance Levels: Nearest Resistance Zone (30m):...
Good morning, friends! 🌺🍬 Here are the directions for May 30th: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 70 points. But, I'm not sure if this is due to global issues or...
Introduction: SJVN Limited, a Mini Ratna, Category-I and Schedule –‘A’ CPSE under administrative control of Ministry of Power, Govt. of India, was incorporated on May 24, 1988 as a joint venture of the Government of India (GOI) and the Government of Himachal Pradesh (GOHP). SJVN is now a listed Company having shareholders pattern of...
Nifty 50 has corrected almost 1.8% from ATH with the breakdown of H&S pattern. RSI is showing DIVERGENCE at 15 min TF. Likely reversal levels as marked. Important base is placed at 22500-600 levels.
Over the last 2 sessions, we tried to explain why we would have to go directly to bearish from bullish. One of the reasons was that we fell below the level that had 2 double tops in April & May. Secondly, there were no additional support/resistance points in between for a neutral zone. What I am not sure about is, whether we can continue the downward momentum,...