Good morning, friends! 🌞 Here are the market directions and levels for September 16th.
Market Overview:
Global markets are showing a moderately bullish trend, as indicated by the Dow Jones, and this sentiment is reflected in our local market as well. Moreover, today’s market is expected to open with a gap-up, with SGX Nifty indicating a positive move of around...
Global Market Overview:
In the previous week, the global market experienced a solid pullback; however, the structure still indicates a range-bound market. What about this week? Structurally, if the market breaks the previous high, we can expect a continuation of the rally. On the other hand, if the market faces rejection around the previous high, the range is...
Bank Nifty:
Current View:
In the previous session, Bank Nifty formed a diagonal pattern, which often signals the final wave of the trend when it forms at the top. However, lower time frames can sometimes break these rules. so If the market breaks the supply zone solidly or with some consolidation, we can expect the rally to continue, with targets ranging from...
Bank Nifty:
Current View:
Bank Nifty is following a similar trend. If the week starts on a positive note, the market may face resistance around the 52126 or 52249 levels. If this happens, we can expect a 23% to 38% correction in the minor swing. After that, if support is found around the 38% level, the rally is likely to continue, with potential targets of 52527...
Good morning, friends! 🌞 Here are the market directions and levels for September 13th.
Market Overview:
Global markets are showing a moderately bullish trend, as indicated by the Dow Jones, and our local market has a bullish sentiment. However, today, the market may open with a gap-up, as SGX Nifty is indicating a positive move of around +40 points at 8 AM.
In...
Current View:
If the market opens with a gap-up, it may face rejection around the previous high. If this happens, it may enter some consolidation between the previous high and the 38% Fibonacci level to the downside. This is our first variation.
Alternate View:
The alternate view suggests that if the gap-up doesn’t sustain, it may find support around the 38%...
DXY cmp 101.759
this is a monthly chart of DXY,
looking at the chart , this is the wave counts comes to me..
DXY have completed its 5 waves, wave A and most probably wave B
and is ready to move towards the down targets as marked with green line...
those are targets 1 and 2 ...
if this wave B is not over... it can move up towards upward target
marked by red...
Good morning, friends! 🌞 Here are the market directions and levels for September 12th.
Market Overview:
Global markets are still maintaining a moderately bearish trend, as indicated by the Dow Jones, and our local market reflects a similar sentiment. However, today, the market may open with a gap-up, as SGX Nifty is indicating a positive move of around +90...
Bank Nifty:
Bank Nifty also has a similar sentiment to Nifty. If the market opens with a gap-up, then the 51319 level will act as minor resistance. Once the market breaks this level with a solid candle or some consolidation, it will reach a minimum of 51492 to 51593.
> In this case, the supply zone will act as resistance only if approached gradually. Conversely,...
Tata motors in impulse 5th wave up .. high made 1179 (min target of 5th wave done)
It seems its making ending diagonal pattern in form of
3-3-3-3-3... waves and if it is doing diagonal pattern than chances are
there for 3rd wave of 5th up in 3 waves and one more new high possible.
important support is 4th wave low 855 breaking of which will end the impulse...
Good morning, friends! 🌞 Here are the market directions and levels for September 11th.
Market Overview:
Global markets are maintaining a moderately bearish trend, as indicated by the Dow Jones, while our local market has a moderately bullish sentiment. However, today, the market may open neutral to slightly gap-down, as SGX Nifty is indicating a negative move of...
Bank Nifty:
Bank Nifty has a similar structure to Nifty. However, if you ask where it differs, I would point to the movement. Let me explain it simply:
> On the downside, if the market declines, the demand zone may act as strong support. If it holds, the market may once again reach the previous day's close. However, Nifty’s structure is not as clear.
> On the...
Good morning, friends! 🌞 Here are the market directions and levels for September 10th.
Market Overview:
Global markets are showing a moderately bearish trend, as indicated by the Dow Jones, and our local market reflects a similar sentiment. However, today, the market may open with a gap-up, as SGX Nifty is indicating a positive move of around +45 points at 8...
Current View:
> Bank Nifty is also showing an unclear trend. If the market opens with a gap-up, it might reach the 78% Fibonacci level. If it consolidates or breaks above this level, the rally may continue further.
> on the other hand, If the market rejects the 78% level, it could retrace min of 38% Fibonacci level in the minor swing.
Alternate View:
>...
Good morning, friends! 🌞 Here are the market directions and levels for September 9th.
Market Overview:
Global markets are showing a bearish trend, as indicated by the Dow Jones, and our local market reflects a similar sentiment. However, today, the market may open with a gap down, as SGX Nifty is indicating a negative move of around -80 points.
Both Nifty and...
Bank Nifty:
Bank Nifty shares a similar sentiment with Nifty. The structure shows a 5th sub-wave within the 3rd wave (minor swing). Structurally, further long correction is less likely, so once the market faces rejection around the immediate support level, we could see a bounce back of 23% to 38% in the minor swing, potentially marking the 4th wave. This is our...
Global Market Overview
Last week, the global market had four red candles, which suggests that the negative trend might continue this week as well. But if you ask, "Will this correction go on for two or three more weeks?" my answer is no. The market structure shows that if it keeps correcting, it may find support near the previous low. If that happens, the market...
