Nifty on the weekly time frame has been taking support from its 20 ema and formed an inside candle. The market has remained in a range and for three weeks index has formed dojis on the weekly time frame. On the weekly closing the market has just gained 62 points. In the last trading session, nifty opened over 300 points above the previous close and consolidated...
As we can see NIFTY after a huge gap up couldnt sustained itself and rejected exactly from our given levels of 17300 land filled almost all the gap created which was news influenced and hence it has closed around our important resistance area which could potentially act as a support and continue its bull run! only if it opens flat to positive we may expect a bull...
Banknifty Intraday levels for Monday and Weekly analysis.. Global Markets are down by more than 1 %. We can expect Gap down Open in Banknifty . Expectation : Big Gap down Open - Bearish Continuation Banknifty likely to Open with Big Gap down tomorrow around 39000 - 39100 mark below Strong SELL Level. Any breakout below / Opens below 39100 we can expect Target...
Nifty Intraday levels for Monday and Weekly analysis.. Global Markets are down by more than 1 %. We can expect Gap down Open in Nifty . Expectation : Big Gap down Open - Bearish Continuation Nifty likely to Open with Big Gap down on Monday around 17000 - 17100 mark below Strong SELL Level. Any breakout below / Opens below we can expect Target 1 & 2 levels will...
As we can see NIFTY showed one sided downward rally as analysed in the previous analysis as it closed around resistance area, now we can see the trendline has been tested multuple times and following the global cues, we might see a strong opening hence if NIFTY opens above 17160 and sustains above the given levele then we might see a strong upmove of a minimum of...
Banknifty is very short bias because market is Overextended & needs some retracement.
Maruti Suzuki in alignment with the trend of auto sector
Banknifty & Nifty Finance Bearish & Overextended. So market need some short term correction
As we can see NIFTY had been volatile the entire day as analysed in previous analysis but it did ended in a green in closing hours but closed around important area which acted as a important resistance and hence could act as an important resistance too so if sustained above 17160 levels then we can see NIFTY to continue its rally else we might see a rejection and...
As we have been analysing that nifty is more like bearish and in consolidation unless it sustains above 17500 levels to breaks its downtrend, after much of whipsaws we finally saw a downward movement last trading session hence we might again witness a sideways to volatile market today if couldn’t sustain above and below any of the given levels
As we can see NIFTY can be seen in more of a consolidation zone though it showed a strong upmove last trading day yet the trend is undecided and weak unless it sustains above 17500 as said in previous analysis, further we can see NIFTY headimg towards its important resistance which is 17300 levels and 17500 levels respectively hence if opens flat to weak then we...
Banknifty levels for Tomorrow.. Expectation : BEARISH - Look to SELL on raise (BULLISH only above 39610) Banknifty likely to Open with Flat / Small Gap Up. Entry plans are highlighted in the Chart. We have strong resistance around 39471 - 39610 where we can look to take SELL entry and if any reversal CPR - Pivot will be tested. For quick scalping, Wait for...
Nifty levels for Tomorrow.. Expectation : BEARISH - Look to SELL on raise (BULLISH only above 17500) Nifty likely to Open with Flat / Small Gap Up. Entry plans are highlighted in the Chart. We have strong resistance around 17360 where we can look to take SELL entry and any breakout below CPR - Pivot Point 17050 will be tested tomorrow. For quick scalping, Wait...
Banknifty on the weekly time frame has been taking support from its 20 ema and has formed another doji. On the daily time frame, the market has closed below 20 DMA. There is a dragon fly doji but the global markets are negative and Indian indices will follow the global markets. The index has taken resistance from its hourly 200 ema and closed between both the...
Nifty has formed another doji on a weekly time frame. Though, market has gained 200 points on the weekly time frame, daily gap up and gap down are not giving any intraday opporunities. The market has closed just below the 20 DMA. Nifty, on the hourly time frame, is stuck between the 20 and 200 emas. In the second half on the trading session the market gave a...
As we can see NIFTY broke down of a head and shoulders pattern and showed a decent fall but we can see nifty retesting its neckline which could potentially act as a resistance and can show false upmove as it has already changed its characteristcs from uptrend to downtrend in bigger time frame and hence expected to make lower lows hence unless nifty sustains itself...