As we can see NIFTY showed unidirectionally move as analysed in our previous post that NIFTY is giving a better opportunity to enter and despite the ongoing war, we expected a strong up move and we saw that too. Now that NIFTY has shown unidirectional move, we can expect more of further up move in coming trading sessions till 19800 wherein a gap is present which...
Traders! The past few days have been nothing short of a market rollercoaster, with Nifty surprising us at every turn. In our last update, we discussed the breakdown of the inside candle and its subsequent recovery above the uptrend line. However, the market, as we know, is as unpredictable as ever. we're in for a captivating twist today. Let's explore how recent...
As we had been analysing since last week that as long as NIFTY sustains itself above our zone we are bullish. Despite NIFTY being influenced by the war scenario, it managed to close above our zone hence any flat to weak opening within our zone could be a better place to make position as as soon as the war subdues NIFTY would already be 19800++ so plan your trades...
Banknifty has been taking support from the 20 ema on the weekly charts and has closed above the level this week too.
It is respecting the crucial levels and has closed 223 point lower on the weekly charts.
There were gap up and gap down this week and didn't gave any intraday opportunity for an option buyers. The market has closed between both the moving...
Nifty on the weekly time frame has fromed a dragon fly doji after retesting the 20 ema.
There is a gap up opening after tested 19350 levels and has closed around the 20 ema on the daily charts.
On the hourly charts, the market has closed around the 200 ema. Though, the markets are opening gap up but there is no follow through in the direction.
Nifty last week...
As we had analysed that NIFTY had jut turned bullish and every dip was a buying opportunity since the day NIFTY closed itself above 19500, it had shown unidirectional up move till now and rallied over 150++ points as of now. Now we can expect NIFTY to continue this rally till 19850-19900 levels where we can see a GAP trending which is supposed to be filled and act...
As we had been discussing in the last post that NIFTY could be sideways if maintains itself in the range we decided but NIFTY opened strong and sustained itself above 19500 levels which shows that NIFTY has gotten stronger and the view of BUYING THE DIPS stands intact till it maintains itself above this levels so plan your trades accordingly.
Banknifty is trading below the moving average and has formed a doji candle on the daily charts.
After an initial gap up the market consolidated in a range and was range bound causing serious decay in the option premiums.
Even the markets consolidated on the weekly expiries and there are now high chances of a trend move in the market.
On the hourly charts,...
As we can see despite the global weakness that led to the fall of NIFTY, it managed to recover sharply in closing hours which shows the strength of the index. Now we can see NIFTY staying in this range for a while unless it finally gets in a particular direction so plan your trades accordingly
Banknifty has been trading in a range and closed in the same range losing 185 points.
After the first hour fall the market consolidated and remained inside the first hour candle.
On the hourly charts, market has closed below both the moving averages.
Market has been consolidating for a few day and tomorrow is weekly expiry.
Even on the smaller time frame,...
As we can see today despite the weakness NIFTY mangled to sustain above 19500 level and this psychological level acted as a GOOD SUPPORT. Now following the global cues we can expect a very weak opening for NIFTY and hence looking for next eminent SUPPORT, we can see a pending GAP around 19200 which can potentially act as a SUPPORT and any signs of REVERSAL around...
Finnifty on the monthly chart has formed a gravestone doji and formed a double top pattern on the weekly charts.
Index has reversed from the ATH high is yet to created a new all time high.
The market has formed a doji candle on the weekly charts after a 3.8% fall in the previous week.
Market is consolidating in a similar range and has been trading in between...
Nifty on the daily charts, has been trading below the 20 ema and has been closing in a same range of a few trading sessions.
A retracement and a consolidation is going on and market are yet to decide which side to move.
On the hourly charts, market remained inside the first hour candle and has closed below both the moving averages.
The market has closed near...
Weekly Timeframe is bullish
Daily Timeframe has tested it's structure
4HR is shifted bullish structure
On Daily stock has also taken liquidity from the loss
Banknifty on the monthly chart has formed a gravestone doji and formed a double top pattern on the weekly charts.
Index has reversed from the ATH high is yet to created a new all time high as the other index has formed.
The market has formed a doji candle on the weekly charts after a 3.5% fall in the previous week.
Market is consolidating in a similar range...
Nifty is holding the upper levels on the higher time frame is taking a good support around 19250 levels.
The index has formed a gravestone doji on the monthly charts and for last three months, its trading above 19000 levels.
On the weekly charts, market has shown some retracement after a good up move and has closed above the golden fibonacci levels, forming a...
As we can see despite the unidirectional fall in NIFTY seen in past few days. NIFTY managed to take SUPPORT at 19500 level which is also a psychological level which acted as a SUPPORT which was also followed by the trendline hence until and unless NIFTY breaches the trendline below, every dip is a buying opportunity so plan your trades accordingly.
