Chart is self explanatory. Levels of breakout, possible up-moves (where index may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
Weekly Analysis 23rd Dec, 2022
S.no Sector Remarks
1 Nifty Closed at 17806, another 463 point downmove in a week. Inverted hammer candle of last week worked perfectly, Concerns due to COVID inititated this downward move. Now if this week's low of 17780 is broken then more selling in on the cards , support levels are at 17642, 17435, 17300, 17171. As i said...
Chart is self explanatory. Levels of breakdown, possible down-moves (where index may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
it's the make or brack level for nifty as seen on chart.we can short the market after brack of 41200 and will go long after it brakes 42000.
i am not sebi registered broker. take this idea only for educati0nal purpose.
The U.S. dollar index (USDX) is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. The USDX was established by the U.S. Federal Reserve in 1973 after the dissolution of the Bretton Woods Agreement. It is now maintained by ICE Data Indices, a subsidiary of the Intercontinental Exchange (ICE).
The index is currently calculated by...
This is follow-up on Nifty Infra. Can check link to related ideas.
Target 1 achieved. Gain of more than 40%. Target 2 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Good Morning!
Finally, just as we had predicted, Nifty did take a beautiful bounce back from its predicted support level of 15850, and thereafter has successfully given us a closing of above 16200, which is definitely a good sign.
However, Today will be a crucial day, as we would require a consistent and a stable closing of above 16200 from Nifty for 2 more...
Good Morning!
Finally, yesterday we were able to witness a wonderful closing of above 17360 in Nifty. However, the danger hasn’t subsided till yet, since just like 2nd December 2021, Nifty has once again made a high of around 17480 approx. Which in turn is still a matter of concern.
Moreover, we can state that if Today Nifty manages to sustain above the level...
Nifty forming rounding bottom near the major support level, if the price action completes the pattern then we can see nifty to continue its uptrend. However there's a descending trendline which is working as a resistance therefore this trendline has to be cleared to complete the rounding bottom. Support for nifty is 18050 - 18000 & nearest resistance is the...
21/8/21
- In trending market the index has taken major supports from 50ema multiple times
- Next support zone if 27000 is broken on closing, next support on 26500 levels
- Oscillators also going near OS zone, keep an eye
This is the monthly chart of Sensex.
A trendline is seen right from 2008; and current trend (from dec 2020) is taking support from this trendline.
Also, current level is facing resistance from a crucial psychological barrier, which is the ATH (All time high) of sensex; 52537.89.
This barrier is also a resistance point according to the Fibonacci...
BankNifty Expiry seems interesting tomorrow.
Expecting sideways action for 1st half and second half might show Breakout / Breakdown.
For chart pattern, explained in above chart.
The SGX is 40 odd points down, so expect a gap down opening.
The US markets did not give a great closing, (rallied in the session but closed around previous day's close.)
India VIX is below 18, meaning the fear of a big crash has abated.
Bullish Scenario: The market may gap down,
test yesterday's low (15390), and move higher or stay range bound through the day....
Some conflicting signals:
India VIX has been closing below 20(good sign), occasionally giving a spike scare then abating within the session.
Not much buying seen from FIIs/DIIs. In fact the FIIs sold 660Cr and DIIs bought only 112Cr. Yet market closed marginally in green. Is the market being kept afloat for a while?
The RSI divergence can be easily noticed on...
