Nifty Price ActionWait for Nifty to Hit it's resistance. Once it touches the supply zone, huge selling will be triggered !!
Bearmarket
Big Bear is on it's way | NiftyBig Bear is on it's way to beat down and make the bulls bleed. So be very cautious before making investments
Dow jones made lower low yet again Dow jones has making lower lows with lower highs which is not a good signal in upcoming 6 months for USA and other economies such as Nifty.
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US DOLLAR CURRENCY INDEX VIEW! Hello, us dolar curency index trading @113 on harmonic level 1.618 can correct if breaks can go upto @120 & @127 (targets identified from swing high & harmonic xabcd patern level 1.131) above @113 indian stock market will fall. Fiis puling out money from stock market. CAPITALCOM:DXY
bank niftybank nifty looking weak in 1 hour timeframe
i drawn fib levels & supports
head & shoulder also
Potential next target of BTC right now 17.5k - 16kWe coan see next potential fall to 17.5k - 16k and we can expect some relief rally by 3rd week of july onwards.
SOL bearish mode on 🤯SOL has more to dump after breaking the significant support next levels to watch below are 26.1 - 24 - 20.75.
Nifty - Demand Zones! We are at a very crucial juncture. If 15700 breaks, we might see 14900. If that breaks, 13000 will be the next support. If that breaks, 10200 seems like a solid wall.
so bears are ready to shortto be honest , market is no longer in bullish sentiment so it is good to take small put position on last stand sector.. "THE GREAT IT-SECTOR",immediate targets are 1667,1650, and if bears are really hungry then 1585 is not so far, because no big houses will buy infy in 1600-1800 range and retailers and some small operators cant hold this BEAST on this levels..
lets see, what happens to this guy
SGX NIFTY50 ANALYSIS FOR 20 DEC 21 Hi everyone, SGXNIFTY50 INDEX analyis on 1D chart recently we`ve seen index breaks it`s daily supoort 17,650 & bounced from 16,800 (level identified from harmonic half-bat pattern level 0.58) too test it`s resistance 17,650 & fall continues if breaks 16,800 can go between (16,300-16,200) and can take bounce & test 16,800 and fall can continue upto 16,000 (level identified from harmonic xabcd pattern level 2.272) index trend has changed too downtrend. SGX:IN1!
BANKNIFTY INDEX ANALYSIS FOR 20 DEC 21Hi everyone, Banknifty index analysis on 1D chart index recently break it`s daily support 38,400 & bounced from 35,500 too 37,600 (level identified from harmonic xabcd pattern level 1.272) after bounce index is trading on it`s important support 35,500 if breaks then next support is between (33,900-33,100) levels identified from harmonic xabcd & abcd pattern levels 1.618/2.0) now between 33,900-33,100 will be strongest support area for banknifty index on daily chart & can take bounce from it. Banknifty index trend has changed too downtrend! NSE:BANKNIFTY
IN50USD OANDA ANALYSIS FOR 20 DEC 21Hi everyone, IN50USD analysis on 1D chart in previously we`ve seen index breaks it`s daily support 17,650 & bounced from 16,640 (level indentified from harmonic xabcd pattern level 1.618) to test it`s resisitance 17,650 now chances are too break it`s daily support 16,640 & can go upto 16,200 (level identified from harmonic abcd pattern level 1.618) index can take bounce from 16,200 to test 16,640 and can continue fall between (15,600-15.500) support indentifed from index previous swing lows. Index trend has changed to downtrend on daily chart! OANDA:IN50USD
NIFTY50 INDEX ANALYSIS FOR 20 DEC 21Hi everyone, Nifty50 index analysis on 1D chart rececntly we`ve seen fall in nifty50 index after it breaks daily support 17,600 & bounced from 16,760 (level identified from harmonic xabcd pattern level 1.618) now nifty50 index can test it`s support 16,760 and if breaks can go between (16,300-16,150) level indentified from harmonic abcd pattern level 1.618 price structure is showing downside movement which indicates trend has changed & downtrend started. NSE:NIFTY
BTC 2nd Idea This is my Plan for Btc. We can consolidate for a While. If this happens we can see some alts pop as well.
price can consolidate between 47k-42k there can be two possibilities
NIFTY50 INDEX ANALYSISHi everyone, Nifty50 index crashed this week we`ve seen fall & 17,600 was important support on 1D chart after support breaks next was 17,250 index bounce from support again breaks 17,250. Now 16,700 is important support identified from harmonic half bat pattern level 0.618 & index can take bounce from 16,700 but if breaks then next important support 16,000 level identified from harmonic xabcd pattern level 1.618 overall index is bearish.
There goes the Bull Market - Bye for now!NIFTY 50 EOD ANALYSIS 26-11-21
In this post, I talk about the analysis for the day and the trading range for tomorrow. The video discusses with the help of the charts how the indices as well as leading stocks performed during the day and their likely play tomorrow.
O 17338.75
H 17355.40
L 16985.70
C 17026.45
EOD -509.80 points /-2.91%
Today, I must include India VIX which was up by a whopping 24.85% and ended at 20.80
SGX Nifty 26-11-21 @ 1900h = -24 points
FII DII = Not yet available
CHART BASED CONCLUSIONS using 5 Minutes Chart
Nifty opened with a strong gap down and made an opening high and then never made any attempt to retest it as it kept falling relentlessly.
Nifty tried to clear 17210-215 levels between 1100-1330h but failed to do so and then simply fell like a pack of cards.
Nifty briefly breached 17000 levels and Bank Nifty also briefly breached 36000 levels.
Both the indices have for now changed the trend completely as they have fallen significantly from their respective ATHs and we will have to see how the next few days play out.
NIFTY WEIGHT LIFTERS & DRAGGERS
Top 5 Lifters contributed = 20
Top 5 Draggers contributed = 201
Net = -181
POSITIVES
Nifty ended above 17000 and Bank Nifty ended above 36000 and these were the only consolidations for the day.
Pharma shot up, possibly sensing emerging opportunities as the world renewed its focus on the virus variant.
NEGATIVES
In the last 2 months , Nifty has not fallen so much like what it did today.
However, Bank Nifty made such moves earlier in this 2 month period.
The sentiment was negative all over and there was no respite from it.
The Advances were only 1/4th than that of the declines which indicates the severity of the sentiment.
TRADING RANGE FOR THE WEEK BEGINNING 29 NOV 21
Today’s price action was such that I will respect the same and not venture into stating the Supports and Resistances for the 2 major indices.
We will have to wait for the India VIX to cool down significantly before the levels could be stated with conviction.
Let us see how the price action is for the next 2-3 days and then maybe we will get some idea to draw these lines.
INSIGHTS / OBSERVATIONS
I thought looking at today’s price action, the heading is apt. I am not sure how long the Covid related fear would be around. Even though India is better placed than Europe for now, our markets are still not strong enough to move the world on its own and hence, depend on the global cues.
I started tracking EOD Analysis for the last 3 months and I am unable to find levels below 17000 for Nifty and below 36000 for Bank Nifty in this period. So much was the strength and it has almost been extinguished for now.
The downfall was severe in scrips that were hammered during the lockdown and Covid era, This was possibly more on account of fear than reality as the Indian Govt is yet to announce any caution in this regard.
It is a strange coincidence that today the Govt has decided to recommence scheduled international air travel from 14 Dec 21 - a day when the market feared the most taking cues from the global counterparts.
When FIIs sell, DIIs usually start buying in the post lunch session. Today, there was no such evidence indicating that even the DIIs are also unsure about what could be the extent of the fall. So the buying may have come from the retail to a large extent.
Social media is abuzz about the Black Friday sale on the stock market. They are simply using the term. The fact is that it is a Red Friday as the indices have fallen sharply and there was a bloodbath in the real sense of the word.
Will 26 Nov 21 be the game changer day for the Indian markets?
What do you feel about this?
Here is the video link --
Thank you, and Happy Money Making!
Umesh
26-11--21
NOTE --
This write-up is not a prediction mechanism for the movement of Indices in the Indian markets as the markets are unpredictable in nature. I may refer to many data points in the article but I do not base my view on any of these standalone. In fact, I prefer to react to the price moves than predict the price moves. I also do not review Open Interest. Whatever data points I am using, are all stated in the article. The article title, as well as its contents, can at best be stated as --- This Is How I Read Nifty. I hope I have been able to set the expectations right.
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BANKNIFTY INDEX ANALYSIS FOR THIS WEEK!Hi everyone, Banknifty index analysis on 2hr chart & view for this week, we`ve seen more than 1000 points fall this week in banknifty index & 38,100 was important support price given breakout and price bounce from 36,900 reason harmonic prz abcd pattern level 2.0 (36,700-36,900) price can bounce from support & can go upto 38,100 to 38,400 level identified from harmonic half bat pattern level 5.0 and maybe fall can be continue. NSE:BANKNIFTY
The dollar index Resumes Bear MarketAfter 2 failures to hold on to the upward trend and corrective rallies, it is clear that this bull has no bones. The dollar index has been in a bear market since 2018 and each attempted rally has failed. This time is no different. The dollar bulls are about to make the most classic giving up of their opinion and they will do it all at once. It will be a meltdown of mammoth proportions.
Nifty Elliott Wave Analysis - Bear Market Since making a panic bottom in March 2020, Indian Markets, along with rest of the globe, have rallied in an impulsive fashion. The entire up move can be plotted as a five wave impulsive structure. The wave counts here also coincide with the prevailing social mood and the level of broader participation which has progressively increased with every successive up move. Markets are nothing but reflection of the social mood in price and the wave analysis captures this behavioral aspect of financial markets. Nifty found a strong resistance at the Fibonacci level of 161.8% inverse retracement of the immediately preceding fall. Generally, this Fibonacci level is where we see major reversal but nonetheless markets overshot this level. Since Feb. 2021, various inter market divergences started developing specifically with respect to other emerging markets, dollar, Gold etc. We at Milestone believe this entire rise from March 2020 bottom is complete and we are now entering a correction that we expect to be at least 50% retracement of the whole rise. We have been warning of an imminent fall in the markets since 4th of August to our students at Milestone. We have witnessed that bear trend in Midcaps and Smallcaps which represent the broad market health but it was just a matter of time before we witnessed the same in the Largecaps and the the benchmark indices. Be prepared for what is coming.
ZEEL SHORT The stock has been in an obvious bear market for a long time. The strategies to trade the stock would be to sell on rallies.
The parallel channel in purple presents an area of value and is the upper level of the general down trend. Shorting at this level will present the best entry.
SL near previous swing high.
Target @ previous swing low.
