#FinniftyGood morning! As of May 22nd, the global market has shown a negative start with a moderately bearish market nature. There may be a gap-down at the beginning. After that, if it sustains, we can anticipate a range-bound market or a continuation of the correction. On the other hand, if the market sharply pulls back at the start, we can expect a continuation of the rally with minor consolidation.
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#FinniftyGood morning! As of May 19th, the global market has shown a positive start with a moderately bearish market nature. There may be a gap-up at the beginning. After that, if it sustains, we can expect a pullback continuation. If it rejects in the immediate key zone, we can anticipate a range market or a correction. On the other hand, if the market declines sharply at the start, that's a sign of a correction continuation.
Finnifty 18th may (Cup pattern)finnifty forming a cup pattern and in 45 mins timeframe it's forming morning star pattern which indicates bullish trend. I would suggest to be neutral and trade accordingly with the market direction.
BUY Above 19357(FINNIFTY 19300 CE) Target 19399,19431,19465,19497
SELL Below 19212 (FINNIFTY 19150 PE) Target 19147,19089,19020
#FinniftyGood morning! As of May 18th, the global market has shown a positive start with a bearish market nature. There may be a gap-up at the beginning, and there is a possibility of a sub-wave 4th. So, if it sustains, we can expect a minor three-wave structure. After that, if it rejects in the key zone, we can expect the 5th wave on the downside. However, the minor pullback shouldn't break the fib level of 78%. On the other hand, if the market declines sharply at the start, we can expect a 5th correctional wave.
#FinniftyGood morning! As of May 17th, the global market has shown a neutral to slightly negative start with a bearish market nature. There may be a gap-down at the beginning, and there is a possibility of sub-wave three. If it sustains, we can expect a continuation of the correction with minor consolidation. On the other hand, if the market declines sharply at the start, we can expect a range market.
#Finnifty"Good morning! As of May 16th, today's sentiment remains the same with no significant difference compared to the last trading session. However, the global market has shown a positive start with a moderately bullish nature. There may be a gap-up at the beginning, and if it sustains, we can expect a continuation of the rally with minor consolidation, but it should break the immediate resistance level. On the other hand, if the market declines sharply at the start, we can expect a correction. If you want confirmation, you can use EMA20 and fib. If the market breaks EMA20 and the fib level of 38%, that's a sign of a trend reversal."
#Finnifty"Good morning! As of May 15th, there is no significant difference compared to the last trading session. The global market has shown a negative start with a moderately bullish nature. It may begin with a gap-down, and if the gap-down sustains, we can expect a correction with minor consolidation. On the other hand, if the market sharply pulls back at the start or rejects the immediate support zone, that's a sign of a range market and a pullback continuation."
#Finnifty"Good morning! As of May 12th, the global market has shown a negative start with a moderately bullish nature. It may begin with a gap-down, and if the gap-up sustains, we can expect a continuation of the correction with minor consolidation (sub-wave 5 wave structure). On the other hand, if the market sharply pulls back at the start or rejects the immediate support zone, that's a sign of a range market and a pullback continuation."
#Finnifty"Good morning! As of May 11th, the global market has shown a positive start, with a moderately bullish nature. It may begin with a gap-up, and if the gap-up sustains, we can expect a continuation of the rally with minor consolidation. On the other hand, if the market declines sharply at the start or rejects the immediate resistance zone, that's a sign of a reversal. However, it should break the Fib level of 38%."
#Finnifty"Good morning. As of May 10, the global market has shown a slightly neutral to positive start, but it is currently moderately bearish in nature. It may begin with a gap-up, followed by a minor pullback (sub-wave B or 2nd wave) as per the market structure. Once it reaches its fib level, we can expect a correction (sub-wave C or 3rd wave). Alternatively, if the pullback sustains around the fib level of 78%, that's a sign of pullback continuation. On the other hand, if the market declines sharply at the start, we can expect a correction that will reach a minimum of fib level 50% and 61%."
#Finnifty"Good morning. As of May 9th, the global market has shown a slightly neutral to negative start, but the market is currently moderately bullish in nature. We may see a small gap-down at the start; after that, if there is a sharp pullback, the rally will continue. On the other hand, if the gap-down sustains, we could expect a minor correction with a three-wave structure. If the market declines sharply at the start and breaks the fib level of 38%, then we can expect 78% to swing low."
#Finnifty"Good morning. As of May 8th, the global market has shown a slightly neutral to positive start, but the market nature is bearish. We may see a small gap-up at the start, and if it sustains, we could expect a minor pullback. If it reaches the key zone, we can expect correction continuation. Alternatively, if it sustains around the key zone, that's a sign of a range market or rally continuation. On the other hand, if the market declines sharply at the start, the correction will continue with a minor pullback."
#Finnifty"Today, May 4th, the global market is indicating a negative start with a moderately bullish market sentiment. It may begin with a gap-down. Structurally, there is a range-bound market, so we will wait for the range breakout. The high probability is a downside breakout, and I have given two variations, both describing sub-wave 5th. Once the 5th is finished, we could expect a minor pullback. On the other hand, if the market takes a pullback without breaking yesterday's low, that's a sign of rally continuation."
#Finnifty"Today, May 3rd, the global market is indicating a negative start with moderately bullish market sentiment. It may begin with a gap-down. After that, if the initial market takes a sharp pullback, we can expect a range market to rally consolidation. On the other hand, if the gap-down sustains, we can expect correction with minor pullbacks."
#Finnifty"Today, May 2nd, the global market is indicating a positive start with a bullish market sentiment. It may begin with a gap-up. After that, if the market sustains, we can expect a continuation of the rally with minor consolidation. On the other hand, the initial market might be rejected, but structurally it shouldn't lead to a big correction. We can expect a minimum correction of 23% to 38%. If it breaks 38%, then we will wait for good confirmation before initiating a short sell."
#Finnifty"Today, April 28th, the global market is indicating a positive start with moderately bullish market sentiment. It may begin with a gap-up, but if it doesn't sustain, we can expect a correctional wave of at least 23% to 38%. Alternatively, if the gap-up does sustain, we can expect a continuation of the rally with minor consolidation."
#Finnifty"Trading day, April 27th, the global market is indicating a neutral to slightly negative start, with a moderately bullish market sentiment. If the initial market experiences a sharp pullback, we can expect a continuation of the rally. Alternatively, if the initial market consolidates, a diagonal pattern may emerge. However, if the market structurally breaks yesterday's minor low, we can expect a flat correction, which may be complicated in nature. Therefore, if you are a conservative trader, it is advisable to wait for good confirmation."
#Finnifty"Today, April 26th, the global market is indicating a neutral to slightly negative start, with a moderately bearish market nature. After that, if the initial market takes support around 38%, we can expect a range-bound market with a continuation of the rally. On the other hand, if the market consolidates or breaks below 38%, we can expect a correction."
#Finnifty"Today, April 25th, the global market indicates a slightly positive start, with a moderately bullish market sentiment. The market may open neutral or gap-up. If the gap-up sustains, we can expect a continuation of the pullback. However, if the initial market decline occurs, we can expect a correction."
#Finnifty"On the trading day of April 18th, the global market is indicating a slightly negative start, and the market sentiment is moderately bullish. Structurally, there is a lower probability for a big rally, but if the market initially shows a strong pullback, we can consider that the pullback will turn into a rally continuation. However, the immediate upside key level will be a potential rejection point. On the other hand, if there is an initial decline, we can expect a correction."