**Bank Nifty:** >Bank Nifty has a bearish sentiment, but RSI doesn't support that much due to the huge pullbacks. So, if the gap-up doesn't sustain, we can expect a range market between 23% and the previous low. After that, if it breaks down, we can expect correction continuation. >Alternatively, if the gap-up sustains above the level of 23%, then we can expect a...
Good morning, friends! 🌺🍬 Here are the market directions for July 26th: The global market has a bearish sentiment (based on the Dow Jones). Our local market has a structurally moderately bearish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the GIFT Nifty, which shows +40 points at 8.00 am. **Nifty:** In the...
Fin Nifty spent the last few days moving sideways after a significant fall from 161.8% (24,000). The corrective wave has completed waves A and B, and today, the price almost touched 61.8% (minimum C wave Fibonacci level). However, the C wave often extends further in a flat correction, making it highly likely to hit 100% or more. Resistance Levels: 23,719, 23,815,...
Wave Analysis: Bank Nifty is trading in a range with a bearish bias. It has completed waves A and B and now appears to have entered wave C, suggesting we might see a sharp one-sided (wave 3 of wave C) move in the coming days. Based on wave analysis and Fibonacci extension, Bank Nifty can reach the mentioned demand zones. This view will become inactive if it...
Why Shorting Bank Nifty? Initially we expected Bank Nifty to touch 53500 but wave 5th failed by 150 points. High made 53357. Bank Nifty is entered downtrend by breaking IChimoku TS KS in 1hour and price action levels. CMP: 52641 Entry: 52600 Stop Loss: 52985 Target: 51675 Disclaimer: We are not SEBI registered. The content presented here is based on...
Good morning, friends! 🌺🍬 Here are the market directions for July 24th: The global market has a bearish sentiment (based on the Dow Jones). Our local market, however, maintains a structurally moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-down start, as indicated by the Gift Nifty, which shows -60 points at 8...
Bank Nifty: Bank Nifty also has a range-bound structure, so the next movement is expected only if it breaks out of the range. Until then, it may continue within the current range. Due to the market closing within the range, precise levels are difficult to determine. However, if it breaks 52,502, it may continue the correction to a minimum of 51,325 to 51,186....
Where are we standing according to Elliott Wave in Nifty? Wave Counting: The impulse that started after the COVID crash is almost near it's completion. Currently, we are in Wave 5th of the bigger Wave 5th. Wave 3rd completed in October 2021. Wave 4 (truncated) completed in March 2023. The Wave 5th started in March 2023 , and we are in the sub-waves...
Banknifty: Bank Nifty is still maintaining its range, so it might continue today as well. However, if it breaks the range, we can expect a move of a minimum of 50% to 78% to the upside. On the downside, if the market breaks the 50% Fibonacci level, we can expect a downside move to 78% to the swing low.
Good morning, friends! 🌺🍬 Here are the directions for July 19th: In the last session, the Dow Jones fell drastically, indicating a negative bias. Our local market has a mixed bullish sentiment. Today, the market may open with a neutral to slightly gap-up start, as indicated by the Gift Nifty, which shows a +10 points. Nifty and Bank Nifty are showing different...
Nifty Wave Analysis: July 18th 2024 Nifty is going up in extension after the June 4th crash. It clearly looks like Wave 3, and Wave 4 is about to begin. Short Entry : 24587 Stop Loss : 24680 Expected Destinations: 23862 (23.6%) 23370 (38.2%) And max 50% Wave 4 could be a sharp correction, but we can't ignore the possibility of a time-wise correction....
Good morning, friends! 🌺🍬 Here are the directions for July 18th: The global market has a bullish sentiment (based on Dow Jones). Our local market has a moderately bullish sentiment. Today, the market may open with a neutral to slightly gap-down start because the Gift Nifty indicates a 20-point decrease. Nifty: In the previous trading session, Nifty opened with a...
Bank Nifty: For the second consecutive trading day, Bank Nifty has consolidated. This pattern may continue today, meaning even if the market opens with a gap-down or gap-up, it may consolidate between the levels of 52722 to 52263. A rally may occur only if it breaks the level of 52722, and the downside correction will continue only if it breaks the level of 52263.
Bank Nifty: Bank Nifty maintained a range market in the previous session and may continue that today. We can try a range breakout trade: that's if the market breaks the previous day's high, we can expect a swing high to 52,878. On the other hand, if it declines, we should wait for a breakout below 52,263. If that happens, it may fall further to a swing low of...
Good morning, friends! 🌺🍬 Here are the directions for July 16th: Global markets are maintaining their range (based on the Dow Jones). Our local market has a moderately bullish trend. Today, the market may open neutral to slightly gap-down, as indicated by GiftNifty, which shows a decrease of 13 points at 8:00 am. Nifty and Bank Nifty have different structures:...
Good morning, friends! 🌺🍬 Here are the directions for July 15th: The global markets are showing a slightly bearish sentiment (based on the Dow Jones). Our local market is maintaining a moderately bullish trend. Today, the market may open neutral or with a gap-up start, as indicated by GiftNifty, which shows an increase of 50 points at 8:00 am. Nifty and Bank...
> Bank Nifty has a range-bound sentiment. If the initial market takes a pullback, we can expect a range between the previous day's low and 52666. In this case, the rally will continue only if it breaks the level of 52666. > Alternatively, if the gap-up doesn't sustain, the same range-bound market may occur. If the initial market declines, it may continue the...
Hi All, This idea is about Ultratech Cement Mkt Cap - 3L Cr ROE - 12% ROCE 15.3% P/BV - 5.56 MktCap/Sales - 4.7 FCF - 2k Cr Technicals Price action being published is on a 1 hour TF. As can be seen by the pattern, Elliot waves are in motion. Wave 1 was an impulsive wave followed by Correction wave (Wave 2). Ideally Wave 2 should correct to 50-60% as per...