FinNifty has remained completely sideways today and is trading in a consolidation range.
On the hourly charts, the market has closed between both the moving averages and might touch the 200 EMA.
In case of a gap down opening, there is probability of market going bearish and testing the lower levels.
Major support level :- 20600, 20480
If there is a slight gap...
These Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking...
FinNifty has closed 280 point lower on the daily charts, testing the 200 ema.
The closing is around the moving average and once the averages is breached there are chances of it filling a gap upto 19700 levels.
It has closed below the round number figure of 20k and consolidated near the lower levels, which shows that there are chances of a trending move on the...
FinNifty is trading in a no trading zone of 21200-21450. It has consolidated today and tomorrow being weekly expiry can give a trending move.
It is trading between both the moving averages on the daily time frame. Watch it take support around 200 ema, a short term bearish trend is confirm.
If the market opens gap up and takes rejection from the upper zone, good...
After the first hour move FinNifty has consolidated and remained in a narrow range.
Tomorrow is it monthly expiry and chance are there will be a trending move as it has consolidated today.
Major Bullish targets :- 20720, 20925
It has closed around 61.8% level which around the closing of the index.
If there is a flat opening and a break out, fresh position...
Finnifty after a gap up opening has continued the up move in the second half and closed 160 points higher.
Hourly close is showing a break out and even the daily candle is showing some bullishness.
If there is a gap up opening, initially there will be some profit book and market will test lower level or today's close.
After the retest, if there is a bullish...
Finnifty has been following the banknifty structure. There is a sub-wave 4th (expanding diagonal). So, if it opens with a gap-up, there might be an undergo a 5th sub-wave. It may reach a minimum of 21,424 or 21,470; after that, if it rejects sharply around there, then we can complete sub-wave 5th and anticipate the correctional (ABC) wave. However, if the market...
Finnifty's structure closely resembles that of Banknifty. If the market finds support around the 78% mark, we could anticipate a minimum 38% pullback. If this pullback holds and breaches the 38% level, the upward momentum may persist. Conversely, if it lacks support at that level, the correction is likely to continue
FinNifty has closed 220 point lower before the expiry and it can remain in the bearish mood as the daily close just.
It has been respecting a support line and is around the daily 20 ema.
Major support levels :- 21230, 21175, 21000-50
Resistance :- 21380, 21450
RSI on the daily charts is showing a bearish divergence and there are chance of a trend expiry...
"Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120.
If the gap-up sustains, our minimum target is 38%. Should it break, a pullback...
FinNifty has formed a neutral doji and has shown selling in the last hour of the trading session.
On last two weekly expiries it hadn't shown some moment. There are chances of market giving some movement tomorrow.
Hourly candle has closed below the 20 ema and there was good selling from the day high.
Intraday targets for selling :- 21290-320, 21220
"Good morning, friends. Here are the directions for December 26th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to a gap-up start, as indicated by Giftnifty showing +45.
If the market sustains the gap-up or consolidates, we can expect a range...
"Good evening, friends. Directions for December 8th: there is no significant difference from the last session. The global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral to slightly gap-up start.
We have an RBI monetary policy announcement tomorrow; the...
"Good morning, friends🌺! As of December 7th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a gap-down start, considering the GiftNifty value at -50.
Afterward, if it breaks the immediate support level, then we can expect a continuation of the correction....
"Good morning, friends🌺! As of December 6th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a gap-up start, considering the GiftNifty value at +60.
Afterward, if the gap-up has a solid structure, then we can expect the rally to continue. On the...
Finnifty Intraday Prediction Levels for 5 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support and Resistance according to position of price . These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/ Line or break down and close below the Support zone/ Line.
These levels act as...
"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20.
Regarding yesterday's structure, despite a significant increase during the last...
"Good morning, friends🌺! As of December 1st, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up, considering the GiftNifty value at +70.
After that, if the market sustains the gap up or consolidates, then we can expect a rally continuation.