Nifty is around the ATH and there is profit booking at the higher levels.
The market is spending time near the high and last week too it has test the ATH. Seller are there in the higher levels and closing of the weekly candel is dicey.
Higher time frame is showing some RSI bearish divergence and market is forming grave stone doji on the daily...
Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside.
On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...
Nifty if breaks the lower trendline of the channel it i.e. comes below 21800 it can turn negative, it will have targets as 21740, 21640, 21540, 21440. If none of the support work then 21240 can be also an extended target on downside.
On upside 22140 will be hurdle but it that is crossed and a closing above 22140 is formed it will start nifty to another up move but...
A heavy sell off in the markets and a single stock down by more than 8% has brought nifty down.
The closing is ,below 20 SMA and EMA, around the day low.
MAJOR SUPPORT :- 21500
If the above support is gone nice 100 point first target can be achieved. To carry on with the bearish move trail SL for finally target around 21280.
Nifty is 2% down while banknifty is...
Nifty 50 has been opening with a down gap from two consecutive sessions and today it opened in between Immediate support zone of 21456 - 21349.
Shorts might get covered here.. and we see some bounce from here.
Nifty Analysis - Stance Bearish ⬇️
Recap from yesterday: “The breach of the upper trend line of the ascending channel is quite visible in the higher time frame. Ideally, it is not a pure bearish signal as we are technically still in the bull market. We are changing the stance to bearish from neutral for the ultra-short-term only. If Nifty50 manages to crawl back...
- Nifty is currently looking bearish.
- I think we can witness another fall of 500-800 pips
- This will evaporate all the late longs and fomo driven rally
- It's important for the price to reset as well.
Nifty is currently sitting on the support of 38.2% fib level and it is a good support for the index.
This is the third time the support is being tested. If there is a break down of the levels 50% anf 61.8% levels can be tested on the expiry day.
Major support levels :- 21420, 21300
If there is a flat or gap up opening wait for the bearish price action as market...
As per trend its bullish facing big resistance at 289 & trend line breakage today at the end of day.
Good Buying oppurtunity for holding from 285 to 281
Support at 281
Resistance at target 289 to 290
Nifty for consecutive 3 trading session has been closing in a range. In the closing hour the market has closed below the hourly 20 ema.
RSI indicator is also showing some bearish divergence and there are chance of market trying to test the lower support levels.
Intraday targets for bearish move :- 21585, 21530
If there is a flat opening and market starts...
Long KNR constructions
CMP 265
Triangle breakout with good volume.
It can be fake breakout
So,
Buy Above 277
Stoploss 226
Swing Trade
Target 1 299
Target 2 310
Long Term
Target 1 317
Target 2 339
Hello traders,
I see the Nifty has been in a consolidation. After a downfall it is consolidating and ended with a positive weekend (Friday)
To start the Nifty might be in a sideways then it may go upward to test the 1st level 19600, 19650, 19700 and so on.
There will be retesting after every 50 to 70 points breakout.
Always stay cautious in the second half...
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 50 15 minute chart complete analysis impulse wave see chart
current time price move upside wave 3 and start correction wave 4 time vise and again breakout wave 5
As Per data And Chart Market Bullish
We said that yesterday market have big resistance 44500 and today market open Gap-up above this levels then market fall 44330 Market Took Support and break again 44500 and close above this .
Tomorrow we may see a good bullish move in the market
in Downside To Many Support Zone If Market Again Act like Bearish Then Don't Trade...
