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Marketcorrection

Whats Next in Nifty after biggest fall.NSE:NIFTY #NIFTY50 DAY Chart Analysis for 05- JUNE-24. 📰BJP is unable to form a stable clear majority government, so there will be an impact on markets 📰 👉Perfect Handling of markets before elections and Glitch in CDSL it was so perfect and flawless, after that massive fall by 5.93%. 🔹View: Biggest fall seen yesterday and still it is not in a mood for V shap recovery. So lets analyse in detail. TECHNICAL ANALYSIS 👉INDIA VIX :- 26.74 ( V. High ) 👉PCR :- 0.52 ( Decreased) 🔹Structure :- 1 year range breakout on Monday became a 1 year gain erosion on Tuesday. 👉Price hit around 200 EMA after 7.5 months. 🌐GLOBAL:-DJI& Nasdaq close slightly bullish. 📰 🌐GIFTNIFTY:- 90 Points Plus. 👉OI:- Immediate resistance 22300 after that Heavy calls Written at 22500 followed by 22500 make a strong resistance for Nifty. 👉FII DII:- Both sold Heavily. ⚡️⚡️OUTLOOK:- will remain in range for some days if not fallen instantly below the mentioned zone on chart. Detailed analysis on chart Study it and mark levels on your chart Keep Learning, Happy trading.
NSE:NIFTY
by SANJAYPATIDAR_
Wait for Investment opportunity_ Nifty50 medium term analysisNamaste! Waiting for a retracement is always a best thing that provide very good investing/trading opportunities. It significantly affect ROI (Return on Investment) percentage. Please read following points, to get idea what I am talking about. 1. If you can see in the previous weekly candles and overall chart, the market moved higher (since Nov 2020) but with small-small candles . 2. It's very common to understand that it is a nature of a bull market . 3. But in recent two weeks, the market rebound so fast, which is not a nature of bulls . 4. So, I am expecting the market to come down to previous horizontal support, before moving higher. Obviously, this is not going to happen overnight and it may take some weeks to months to reach that level. 5. Keep your funds for investment ready, to exploit this wonderful opportunity, when it takes place. 6. I am not advising you to sell your current investment to buy at more cheaper prices because, it is possible that it takes more time to reach that level and you will be losing opportunity cost of your money . 7. But, you can consider booking profits on mid-cap and small-cap stocks (which you think is overvalued). Because, when markets fall, they react even worse on the downside. 8. My analysis can go wrong, but I think waiting for a right opportunity will eventually pay you off for the opportunity cost (if market proves my analysis wrong). Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
NSE:NIFTYShort
by UnknownUnicorn7637383
Investment Opportunity after a healthy correctionI have been tracking Nifty since months, to exploit investment opportunity. It is always better to invest (in the market) after a correction. You get competitive prices which results in potentially more upside (returns). The indicator ploted here is Bollinger bands in weekly time frame. You may see that every time Nifty hit lower Bollinger bands, eventually it bounced back up. So, there is a high probability that "history will repeat itself". So, if you were waiting for right time to invest in, this is the time (only when Nifty touches lower Bollinger bands). Pickup the fundamentally strong companies (at least 10 companies) and invest "equal amount" in each of them. Or you can consider buying any Nifty 50 ETF (if you are very conservative/not an experienced). It may also happen that the Nifty will correct (19% from the highs, somewhat around 15090). So, please be ready for this. Remember, the market will "not jump as soon as you buy a stock". It may "fall even more" and/or consolidate for some weeks/months. It "does not mean sell". STAY INVESTED. Disclaimer: I am not a SEBI certified investment advisor. The facts and suggestion given in the above article is based on my understanding and experience in the markets. Please consult your financial advisor before investing.
NSE:NIFTYLong
by UnknownUnicorn7637383