"Good morning! As of June 2nd, the global market indicates a positive start with bearish market sentiment. It might open with a gap-up. After that, if it sustains, we can expect consolidation for pullback continuation. On the other hand, if it declines initially or rejects around a major key zone, we can expect the market to correct within a range."
Finnifty now following the banknifty trend. finnifty formed a cup and handle formation so it can go upto 19598 level.
buy above 19484 target 19515, 19555,19601
sell below 19345 target 19288,19252, 19219
Good morning! As of May 31st, the global market indicates a negative start with a moderately bullish market sentiment. There may be a gap-down start initially. Structurally, it might form as a flat correction. So, if the correction finds support around the major key zone, we can expect a bounce back. On the other hand, if it breaks a major key zone, that is a sign...
"Good morning! As of May 30th, the global market indicates a negative start with a moderately bullish market sentiment. There may be a neutral start initially. Structurally, the consolidation indicates a bullish formation, thus suggesting a high probability of rally continuation. On the other hand, if it declines initially, we can expect a minor correction."
finnifty is forming a cup and handle pattern in last two days data. if it breaks 19400 then it can go all the way to 19633 level.
BUY Above 19394(FINNIFTY 19350 CE) Target 19433,19492,19552
SELL Below 19333 (FINNIFTY 19250 PE) Target 19296,19235,19147
Good morning! As of May 29th, the global market indicates a positive start with a bullish market nature. The SGX Nifty indicates a long gap-up, so we don't know exactly where it will open. Structurally, it's a strong bullish market. If it breaks the major key zone, we can expect a rally continuation. On the other hand, if it declines at the start, we can expect a...
Good morning! As of May 26th, the global market indicates a negative start with a moderately bullish market nature. There may be a gap-down at the beginning. Structurally, the ABC correctional structure has finished. It is the first pullback for the next cycle. If it rejects major resistance or the gap-down sustains, we can expect a second wave. It shouldn't break...
Good morning! As of May 25th, there are no significant differences compared to the previous day. The global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it consolidates or breaks the major key zone, we can anticipate a continuation of the correction. On the other hand, the ABC structure...
Good morning! As of May 24th, the global market has shown a negative start with a bearish market nature. There may be a gap-down at the beginning. After that, if it sustains, we can anticipate a continuation of the correction. On the other hand, if the market sharply pulls back at the start, we can expect a range market to pull back consolidation.
finnifty is continuing in triangle pattern and it is yet to break long support trend line. If it breaks the trendline support at 19377 then possibly it can go 19089 level. If it takes support at 19377 level and bounce back then possibly finnifty can be in the range bound or it can go 19589 level.
don't be bullish or bearish. Trade with the market direction
BUY...
Good 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...
NSE:CNXFINANCE
Flip zone: : This zone is such a zone which will work as resistance if price is below it. And it will work as support if price is trading above it.
Resistance zone: This zone will mainly work as resistance. Once price sustain above it then it is considered as breakout.
Support zone: This zone will mainly work as support. Once price...
Good 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...
Good 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,...
finnifty looks like gaupup opening and from there it can fall and take support at 19450 level and bounce from there.
BUY Above 19540(FINNIFTY 19500 CE) Target 19579,19623,19692
SELL Below 19445, (FINNIFTY 19500 PE) Target 19386,19337,1927,19256
"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...
BUY Above 19516(FINNIFTY 19450 CE) Target 19561,19651,19775.
SELL Below 19391(FINNIFTY 19300 PE) Target 19269,19169
looks bearish as multiple times rejected at 19516 level in daily timeframe if it sustains above 19516 levels for 5 mins and check for bullish confirmation
![CNXFINANCE: Simple Trade Setup | FINNIFTY | 22-05-2023 [INTRADAY]](https://s3.tradingview.com/n/nKsNlqyE_mid.png "Simple Trade Setup | FINNIFTY | 22-05-2023 [INTRADAY]")
