Nifty is facing resistance from the 200 ema and if market start trading above the level, good momentum can be seen. The market has been trading between both the moving averages and has closed near the 200 ema on hourly chart. Indian market has closed near good level and if global cues remain positive market can se a bullish trend and other the side it can give...
Mayur Uniquotes Limited Buy at the current market price and dip, with a stop loss below 400 (closing basis), as this stock bounces up from a good demand zone with an engulfing candle and breaks the old support that turned into resistance as a good bullish signal. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling...
Canara Bank Cmp 307 dated 27-12-2022 1. Hammer Candle on daily chart. Buy above 309 for target 318-325-330 SL 300 Disclaimer : I am not a SEBI registered Analyst so please do your own Analysis before taking any action. The above view is shared just for educational purpose. By no means shall be responsible for any losses amounting out of it incase if any...
Stock observed to be in down trend Negative reversal observed next support @71 Bearish for next week CMP 84.05
So finally yesterday, we had once again witnessed a beautiful closing of above 18170. Besides, just as we have been continuously stating about the two Resistance levels of 18170 and 18400 in Nifty. Similarly, as of now, with the index taking a beautiful support at 17800, we are expecting Nifty to reach the level of 18400, very soon. Furthermore, the...
HDFC Bank is losing momentum for upside and is trading sideways from last two week. HDFC bank may give slight bounce till 1660 but will retrace to 1540 level. One can open short position once it is around 1650 with losing momentum candle pattern. Target would be 1540. This study is only for educational purpose.
As we can see BANKNIFTY despite being in uptrend we can see BANKNIFTY trapped in a range, as we analysed yesterday BANKNIFTY was taking support at the neckline of the inverted head and shoulders pattern and after a successful gap up opening, we saw BANKNIFTY taking support at the neckline but went sideways throughout the way! we can expect banknifty to remain in...
NIFTY ON 02-01-2023 Defying weak Global cues Index opened gap up and failed to sustain 18200 and fell to retest 18100 during the first hour of trading session. A sharp recovery from the lower levels was observed and Index reclaimed 18200 during intraday. Several attempts were made by the Bears to bring the Index below but the Bulls took the charge and kept the...
Banknifty has taken a good support from 20 Dma and formed an inside candle. The market as predicted took a halt and nice targets on the either side can be captured in the coming days. On the hourly chart, the market took support form the moving average and closed gaining 200 points. There is a bullish moving average cross over. The market after a initial up...
The market has taken a halt and an inside candle has been formed. The market opened gap up and after initial up move consolidated in 40 points range. On the hourly chart, market took support from the 20 ema and closed near 18200 level. The market consolidated maximum time and on 15 minute chart, took support near 200 ema level. Support :- 18190, 18155,...
It's time to be aware that metals are a hot topic right now. and once a certain stock or index enters retail, markets frequently move in the opposite direction. It is wiser to wait for a follow-up candle when taking longs. follow for more
Wish you a very Happy New Year! This is the first Morning Mantra for the year 2023 and we are here to share with you the Market Sentiments for this week. Well, on observing the past few days, it can be seen that there’s a fight going on between the levels of 17800 and 18170. Where on one hand, as we were expecting to witness a positive closing of above 18170...
Shooting Star on a 6 months chart of TVC:DXY Is clearly signaling the Crash in US Dollar. Dollar likely to depreciate against major currencies like Yen, Euro, INR It will be also Bullish for Precious Metals and Commodities. And Bullish for Stocks.
Banknifty is strong and has given a dragon fly doji on the monthly chart. The market has formed an inside candle and closed gaining 3% on weekly time frame. Even on the daily time frame, the market has formed an inside candle and took support from 20 ema. Banknifty has been respecting the support of moving averages and has closed near the 43k levels. Both the...
NIFTY ON 30-12-2022 Following the positive Global cues Index opened gap up and made the day high of 18265.25 but failed to sustain 18250 and selling pressure came from all directions which dragged the Index towards the day low of 18080.30. The Index kept oscillating between 18150 and 18200 and both Bulls and Bears tried to bring the odds in theirs favour. It was...
Nifty One Hour Chart Analysis For Intraday Fuure & Option Trading Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 18065 - 18080 Second Support Zone For nifty50 – 17970 - 17985 Third Support Zone For nifty50 – 17775 - 17790 Resistance Zones For Nifty50 Intraday Trading...
As we can see BANKNIFTY after facing strong rejection from 41500 levels had been in uptrend ever since, now we can see BANKNIFTY took support at the neckline of the inverted head and shoulders pattern hence we can expect more of upmove if sustained above the neckline but if sustained below the neckline then we might see sideways to negative market
my view on nifty As you can see a complete bearish engulfing candle is formed on monthly timeframe from here there is high chances we can see a 20%-30% correction. p.s. happy new year <3 NSE:NIFTY