Nifty on the daily time frame has formed a bearish engulfing candle and the gap created on muhurat trading was filled perfectly. The market opened gap up and there was a sell off from the first hour of the trading session. On the hourly time frame, market has closed just above the 20 ema and lost around 50 points during the last hour trading hour. Nifty has...
Tata power looking Bearish in Big time frame in 1week candel there form Head & Shoulder Sell bellow 200.
As we analysed that NIFTY could be sideways to negative, nifty exactly followed and had been sideways the whole first half and finally showing a good fall in final hours. Now we can see NIFTY closed around 17500 levels which is also a psychological level and a strong support hence we might see a strong upmove from here unless nifty breaches 17500 levels below...
USD/INR daily chart formed shooting Star. 1:1 Target on daily chart is 81.765. Also it formed negative divergence with double top.
Nifty performed really well and our levels were quite precise for this week of trading. Now lets move up to next week, we have pretty much same levels as there is one sided move for this whole week. For next week we can see that there is a resistance or supply area of 17820-17920. Also a 30 min close below 17420 levels might take a little downside till 17350...
Good Morning! On observing the yesterday’s trading session, we had seen a beautiful recovery from the lower levels in Nifty. Moreover, just as we had already stated, about the continuous, beautiful and a positive closing of above 17270, similarly we have seen a good strength in the Market as well. Apart from this, since today is Friday, i.e., the last trading...
As we can see exactly analysed in our previous analysis, we saw more like sideways to volatile expiry which finally closed above 17500 hence now it completely depends upon the opening of NIFTY as if NIFTY opens below 17500 we might see bearishness throughout the day and if it opens above 17500 we might see NIFTY getting rejected at previous highs making it a...
ACC CMP 2288 dated 20-10-2022 1. Price reversed from the support line. Buy for a target of 2320-2380-2400-2450 SL 2200 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...
Banknifty on the daily time frame has formed a dragon fly doji. Market consolidated whole day and gave a break out in the last hour of the trading session. There was sell off even after a gap down and traded whole day below the 20 ema on the hourly time frame. Though, in the last trading session market closed above the level. On 15 minute time frame, the traded...
NSE: TTKPRESTIG is closing with a strong bullish candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 12%...
NSE: USHAMART is closing with a strong bullish candle supported with high volumes. Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days. The stock has been consolidating for the past few days and moving along the trendline which is indicating demand. One can look for a 8% to 12% gain...
Good Morning! Just as we have been stating these days that if Nifty stably manages to sustain above the level of 17270, then we can witness a sharp rally in the Market. So, likewise we have already witnessed a quick rally of 200-300 points approx in the Market, so far. Altogether, currently we can observe a mixed reaction in the Market, since there’s a...
Nifty will be gap down opening in today's session. After opening nifty sustain above 17470 level and then possible upside rally upto 17500+ in today's session. in case nifty trade below 17300 level then short target can go up to 17170 level.
Broader market outlook is still looking bullish, however the momentum is slowing down and a potential for correction after the rally. Predictions - Charts : Indecisive to mildly bearish - OI Data : PCR looks bullish, however we have major resistance at 40500 - FII Activity : Bearish Verdict :- Expect a gap down opening / if opens flat a sell off as FII's...
As we analysed in previous analysis that 17500 spot level could possibly stop nifty from further going up but nifty opened above 17500 but couldn’t sustain itself and finally fell down but it did closed above 17500 level,, now we can expect if opens strong and abobw 17500 a further bull run else we can expect a sideways to volatile market below 17500 levels
Learn Technical Analysis - Bearish Trend In sgx nifty chart first there was a uptrend & then it broke the resistance of around 17000. After breaking the resistance it fall again. Now in this scenario prevoius resistance acting as a support & it bounced back from it. At around 17460 there was a second resistance. So you can also see the dry volume & negative...
Key Levels For Easy Option Buying & Selling in Banknifty Banknifty Important Support Zones First Support Zone For BankNifty – ( 40164 - 40198 ) Second Support Zone For BankNifty – ( 39918 - 39948 ) Third Support Zone For Bank Nifty – ( 39570 -...
Banknifty on the daily time frame has formed another doji. Market after a gap up has closed almost flat and took support near previous day low. In the initial hour of session, there was a sell off and it consolidated in the second half of the trading session. The market remained volatile and took resistance from 40500 levels. On 15 minute time frame, the market...