As analysed we did see a huge gap down and remained bearish throughout the day but at the end it did closed above 35000 respecting the psychological level and also respecting the trendline which it had been following since last year acting as a support and hence no new selling position should be made from here every dip should be a buying opportunity unless it...
Nifty View: Nifty loses 180 points in today's session to post a close at 16,613. We did notice some bounce back in the final hour of the day's trade which led to a "Spinning Top" candlestick pattern on the daily chart. There is no structural change to the overall market, which is still in a downtrend trend with momentum support. An extension of today's last hour...
as we analysed yesterday that technically nifty had officially broken down of its support in 1 day time frame but similar breakdown has been seen on 20th of DEC 2020 which could not sustain and was more like event influenced and hence this breakdown is also influenced by global scenarios which could lead to false breakdown, hence we can make new buying position as...
NSE:NIFTY CMP 17,375 Qty: 1 Lot Shares Resistance/ Supply: 17,677 to 17800 Resistance/ Supply: 17,562 - 17,637 Support / Demand : 16,692 -16,367 Support / Demand :17,230-17,280 Support / Demand :17,084-17,048 Buy Nifty of Call of ATM when nifty is at Demand zone Range. Sell Nifty , Buy Put when Nifty is at Supply Zone range.
NSE:BANKNIFTY Do Nothing Wait and watch Bank Nifty 14.02.2022 CMP 36,908 Qty: 1 Lot Shares Resistance/ Supply: 38,780 to 38,380 Support / Demand : 34,730 to 35,180 Bank Nifty is unstable at current level do nothing till it reaches either demand level or supply level, you can buy call when Bank nifty reached at 34,730 level....
NSE:NIFTY CMP 17,226 Qty: 1 Lot Shares 1. Resistance/ Supply: 17,675 to 17794 (daily) 2. Resistance/ Supply: 17,337-17-365 (15 m) 3. Support / Demand : 17,034 - 17,115 (1 Hr) 4. Support / Demand : 16,675-16383 (weekly) In case Nifty opens Up or Gap Up buy a call of ATM 17,400 and hold till 17,650. buy when the market is stable 10-15 rs difference...
NSE:BANKNIFTY CMP 37,600 Qty: 1 Lot Shares 1. Resistance/ Supply: 39136-40168 (weekly) 2. Resistance/ Supply: 17,337-17-365 (15 m) 3. Support / Demand : 37,180-37,384 4. Support / Demand :36,928- 36,990 5. Support / Demand : 34,740 - 35,330 (daily) 6. Support / Demand : 32000-33,340 (weekly) In case BankNifty opens Up or Gap Up buy a call of ATM...
after strong rejection if trend breaks previous structure of low and wait for retest Confirmation for SELL.
As we can see BANKNIFTY fell as we analysed and now at very crucial area which is near 35000 and hence it is expected for BANKNIFTY to respect this psychological level and hence if BANKNIFTY opens flat we can expect sideways to slightly bullish above 35000, if gaps down then we can see 32000 anytime sooner and 35000 level will act as a great resistance
Nifty View: A very big breakdown for the Nifty index in today's trading session as it lost over 800 points to post a close at 16,247. It was a big gap down, and throughout the day's trade, the index did not offer any significant signs of recovery. Needless to say, a majority of the stocks and sectors closed deep in the red territory losing anything between 5-10%....
BANKNIFTY had been sideways throughout the day and gave a closing at very crucial area which is around 37300-37400 which is also a well tested demand zone and hence if BANKNIFTY opens gap down we can see this level to act as a good resistance! We can see a good downfall till 36800 being a final demand zone which has been tested multiple times and hence if 36800 is...
Nifty View: Disappointing close from the Nifty index in today's trade as it slipped over 150 points from its intraday high of 17,218 to manage to close marginally above the psychological 17K mark. The index failed to hold on to its early gains and continues to stay in a downtrend across the short-term and intermediate timeframe. Sectoral indices were nicely...
risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at...
BANKNIFTY has been making doji candles in 1 week time frame which shows indecision and this indecision has been continued since last three weeks making this week a very important decision maker candle as either of side Is breached, a new trend would established accordingly! We can see bigger downfall if 36800 is broken below as it would also break the trendline...
Highlight:- Retracement from top is 30% Sitting on 200 DMA cluster Formed Bullish Engulfing Candle at 200 MA Forming Box Pattern Let's switch to smaller time frame { 4H } for more conformation. Formed Strong Bullish Divergence Formed Inverted Head & Shoulder Entry- Closing above flip line 'or' Trigger above 4750 SL - ...
Nifty View: Yet another volatile trading session for the benchmark Nifty index today, as the index gapped down and fell more than 300 points, to bounce back in the late afternoon and close the day with a loss of just 131 points. The market is reactive in nature now, and equity as an asset class globally is going through a similar correction. At today's lows, the...
17400 will act as a strong resistance while 17050 will act as a strong support. If the index breaks the 4H dynamic resistance trend line , then only a sure shot upward move is expected. Between these range, keep your position size to minimum.
38500 is acting as a strong resistance for tomorrow. On the other hand 37250 is acting as a support with a trend line acting as a daily dynamic support. If the index breaks this level in daily charts , then a fall is expected. On the safe side buy CE after it breaks 38400 and buy PE when the index falls below 37200. Between this range, keep your positions size to...