For me, an indicator is a tool that provides me a message how the market 'may' behave in future. Which not at all means that the market 'will' behave as has been indicated. Almost all successful traders will agree with me if I say that there are no 'Red' and 'Green' signals in the market. For example in the current market scenario, the index has been drifting down...
At crucial support if it is broken lets see levels of 9900 which also happens to be 38.2% Fibonacci retracement level. if it is broken lets meet at 9300-9200 . any negative clues from the November election then it will be headed to major support of 8800-8500 level. Any bounve from the current level will take it to 10200 - 10400 levels . technical parameters show...
Short Nifty below 10019 target 1000 points
Nifty weekly chart for FIB support and resistance levels.
THIS IS THE THIRD PART OF THE ANALYSIS ON NIFTY 2.32% FALL. IF YOU NOT READ THE PREVIOUS ONE 2 POSTS, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW. Last time we estimated a big downfall in the month of October and believed that IT Sector might stay in pressure as the results of Tata Elxsi disappointed and Number of TCS may...
THIS IS THE SECOND PART OF THE ANALYSIS ON NIFTY FALL. IF YOU NOT READ THE PREVIOUS ONE, PLEASE READ THE SAME FOR BETTER UNDERSTANDING. I HAVE ALSO SHARED ITS LINK BELOW. Exactly as per our prior observation, On 11 October Nifty and Bank Nifty crashed 300/800 Points at opening and thereafter showed a little recovery. However it ll be incorrect to assume any...
Hi All, If you press the play button in the following post you will see that the market overshoot a little above 11600 target marked with a yellow arrow on the chart. Not only that it overshoot the price target but it also overshoot the time target. According to fib. time zone projection, the target was to complete in March 2019. But the target was achieved in...
If Nifty moves above 11100 and holds that level upside may seen around 11270-11300 in 8-10 sessions. Might test 10880-90 again and expecting to get support there, if breaks that Nifty will move around 10600. *Above all assumptions presently Nifty is not following any trends nor resistance or support. Be Cautious while entering into trade!
It seems that NIFTy50 has formed Head and Shoulder pattern and yesterdays freaky Friday broke the shoulder level. However need to check whether this crash was one off event and whether NIFTY will manage to move up from here. NIFTY recovered its intra day loss and ended at a good support level
NSE:NIFTY Nifty following an upward channel. Watch out it on Tuesday, it can turn positive from bottom of the channel.
A prediction of one of the several possible ways the NIFTY50 could pave its path through 2019.