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...
NSE: ANURAS 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...
seems like nifty has started wave 4 on minor degree in the on going impulse.one should avoid buying at current levels unless we see a decisive close above 18100 and wait till 17100 level is reached on index as it is the 38.2% retracement of previous wave 3 along with price action support zone. Important rasistance level are 17684-17763-17842. Shortselling can be...
Bank Nifty is looking bullish in the short term with potential to move higher if the 40500 level is broken Outlook - Charts : Bullish - OI Data : Bullish - 40500 is a strong area of resistance - FII Activity : Super Bullish Verdict :- Bullish outlook, expect an up move at the opening and if the price is able to sustain above 40500 then we may see 41000 as...
As we can see NIFTY exactly got rejected from 17500 levels as analysed In previous analysis and we saw a closing below 17500 levels hence we might see a gap covering today if opens weak and cover the pending gap till 17300
What a Wonderful Day it was yesterday! Where Nifty made a beautiful high of around of 17527, and not just that but it also managed to give us a stable closing of above 17270, for another consecutive day. Well as of now, since the festive mood is on, there’s a need to stay cautious till the next week. Where if Nifty consistently manages to sustain above the...
NSE:BANKNIFTY NSE:NIFTY Date:- 18-10-2022 Analysis for banknifty Important support and resistance is marked on chart. Please always trade with stoploss to avoid big drawdown. keep learning, happy trading.
Banknifty on the daily time frame has formed a doji. The market remained in a range and consolidated in a range after the gap up. On the hourly time frame, the market has been forming a bullish moving averages cross over and took resistance from the trend line. In the last hour of the trading session, the market took support from 20 ema (15 minute time frame)...
Nifty after a gap up it has consolidated, taking resistance from 17500 levels. The market closed above the 20 ema yesterday and the gap up took nifty to 17500 level. The market has consolidated whole day and there is a bullish moving averages cross over on the hourly time frame. On a 15 minute time frame, the market has formed a flag and pole pattern and there...
NSE: RHIM is closing with a strong bullish breakout 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 9% to 13%...
Shooting Star High 40435.35 Low 40305.30 Weekly Shooting Star in banknifty.
NSE:FDC #NSE:FDC tested its resistance multiple times from the past one year and give BO with very good volumes, Few chances to for a small pull back and bounce or If volumes support can continue the momentum. Expected targets 320/330/345+. SL as per ur Risk capacity.
Market is clearly bullish with all the signals indicating a potential for sustained upward movement. Outlook - Charts : Bullish - OI Data : Bullish - FII Activity : Bullish Verdict :- Gap up opening is certain, potential for it hold that level and to go further up is high. 40500 is the key level to notice as it might be an area which give resistance or even...
Good Morning! Finally yesterday we got to witness a beautiful breakout of 17270 in Nifty. After which we ultimately got a successful closing of around 17300. Indeed, this is a good news for us. However, keeping in mind about the Diwali holidays, we have to be a little cautious currently. Where according to the current market sentiments, we have to be stock...