I see the Nifty has broken the 61.8% of Fibonaaci level and getting more weak relatively. The sad part is the candle formed today 28th Sep is a bearish engulfing. There is a chance that it can bounce to test the 50% Fibonacci level tomorrow ( 29th Sep 2023) as a short covering move. It also have a chance to fall decisively and test 19450 - 19400 levels. We...
NIFTY Intraday Trade Setup For 29 Sep 2023 Sell_1- From 19660 Invalid-Above 19710 T- 19575 19500 Sell_2-Below 19490 Invalid-Above 19540 T- 19395 19300 NIFTY has closed on a complete bearish note with 0.98 % cut. Sell triggered as per trade setup below 19660 and what a day it was. It gave a non-stop move till 19493, giving us more than 160 points gain. Tomorrow...
**Nifty 50 Market Analysis for Tomorrow, 29th September 2023** ** interesting headline:** **Nifty 50: Key Levels to Watch for Tomorrow's Trading** ** Analysis:** Nifty 50 has good support levels at 19400. If the market breaks below 19400, then a further fall is possible. For an upside move, the market needs to close a 15-minute candle above 19600. The...
As of now 19570-550 can be a reversal zone and it will be a DEAD CAT bounce. We can expect a gap filling target. 19700-30
NIFTY Intraday Trade Setup For 28 Sep 2023 Buy-Above 19735 Invalid-Below 19685 T- 19840 19930 Bearish-Below 19660 Bearish-Above 19710 T- 19560 19420 NIFTY has closed on a slight bullish note with 0.26% today. The weekly support discussed in the weekend outlook was 19550-19600. Today it tested 19550 and a sharp recovery was seen till 19730. Now it is ready for a...
Elliott Wave Analysis.:- There may be a Pull back for 19886 -19960. We have to wait and watch the wave formation i'm not a SEBI registered advisor. Before taking a trade do your own analysis or consult a financial advisor. I share chart for education purpose only. I share my trade setup.
📊 Details Jindal Worldwide Ltd is engaged in the Textiles Sector and the main business activities are related to the manufacturing of Denim fabric, premium shirtings, yarn dyeing, bottom weights and home textiles through its various internal divisions Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered...
Itc may have completed 2nd wave & will start a new if lows are maintained.. Keep stop loss of 438 or 436 as per you risk appetite for targets of 457 - 470.. will look charts further after that
Nifty has formed a perfect doji on the daily charts after testing 61.8% fibonacci levels. It is trading below the 20 ema. The market has given a nice fall after forming a new ATH and is now giving a consolidation. On the hourly charts, it has closed below both the moving averages and is taking resistance from 200 ema. There are chance of a cross over. There was...
A doji is formed on the daily charts and now there is a confusion in the market where it will go after testing the recent high. Banknifty has closed gaining 150 points but nifty remained silent and closed flat. On the hourly charts, there is a moving averages cross over and it taking resistance from the levels. There was a both side movement today and has...
Tomorrow 27th September can be an eventful day in Nifty50. Symmetrical Triangle pattern as been formed at the support. Although the stock could breakout either side my bias is towards the bullish side. I expect Nifty50 to at least touch 19750-19800 before either moving higher or sideways. Lets wait and watch.
NIFTY Intraday Trade Setup For 27 Sep 2023 Bullish-Above 19735 Invalid-Below 19685 T- 19840 19920 Bearish-Below 19600 Invalid-Above 19650 T- 19510 19420 NIFTY has closed flat once again for the two consecutive days. In the weekend analysis it was discussed that index can create a base and probability of a pullback is high. Also it was discussed that it can turn...
**Technical Analysis for Nifty 50 Tomorrow** **Support and Resistance Levels** * **Support:** 19600 * **Resistance:** 19700, 19750, 19800 **Option Open Interest** * **Support:** 19600/19500 Huge PE Writer * **Resistance:** 19700/19750/19800 Huge CE Writer **Overall Outlook** The Nifty 50 is expected to be rangebound tomorrow, with support at 19600 and...
📊 Details KRBL is worlds leading basmati rice producer and has fully integrated operations in every aspect of basmati value chain, right from seed development, contract farming, procurement of paddy, storage, processing, packaging, branding and marketing.(Source : 202003 Annual Report Page No:181) Disclaimer: This analysis is solely for educational purposes...
Nifty will be gap down opening in today's session. After opening nifty start trading below 19650 level and then possible downside rally up to 19530 in today's session. in case nifty trades above 18700 level then the updownside target can go up to the 19820 level.
NIFTY Intraday Trade Setup For 26 Sep 2023 Bullish-Above 19735 Invalid-Below 19685 T- 19840 19920 Bearish-Below 19600 Invalid-Above 19650 T- 19510 19420 NIFTY has closed on a an absolute flat note today. In the weekend it was explained that index will give a pullback/bounce from 0.618 and 50 EMA in daily TF which is placed near 19550-600 zone. It exactly...
Finnifty has formed and inside candle on the daily charts and is trading below the 20 ema. It is taking a rest after a 4-days fall. The market is around the 19850 levels after forming a double top pattern on the higher time frame. There is a bearish moving averages cross over, on the hourly charts. It has retested the 20 ema and is taking a serious resistance...
Technical Analysis of Nifty 50 for Tomorrow (26 September 2023) with Good Points Support: 19600-19500 (Strong Support) Resistance: 19800 (Big Resistance) Overall Analysis: The Nifty 50 index is currently trading at 19674.55, just below the resistance level of 19800. The index has been in a sideways to bearish phase for the past few weeks, and the overall...