NIFTY is trading in a rising channel at around 12000.00 key psychological level and formed a double
top formation which is a clear sign of bearish trend. We can expect short term retracement towards 11625.00
which is a previous high turned support level and the next primary target would be 12400.00. If the 11625.00
level was broken then the immediate downside...
As NIFTY had broken the trend, it retest the trend once again to continue the price to flow against the direction of trend.
1D TF also clearly depicts the support zone at 10600 followed by 10000 as explained in previous charts of 1M TF and 1W TF.
-MOHIT RAJANI
Nifty - Technical Analysis:
-Indian benchmark indices had a gap down opening and kept losing ground as the day wore on, to finally end the day around 2.8% down
-NIFTY broke 11k in the start and kept falling after
-The uncertainty regarding an economic recovery, the unabated rise in virus infections, and today being derivatives expiry day, all contributed to the...
Nifty - Technical Analysis:
-Nifty ended 88 points, or 0.76 percent, down at 11,516.10.
-Technology is the only saving grace and the only sector in green but that too has come off. Key victims today are metals and auto.
-Divergence in RSI was observed as NIFTY was unable to cross the resistance zone. We can see selling pressure below 11470
Market - Driving...
ITC (W):- Itc best demand zone of 2016 retest and bounce, buy on dip 185₹ for tgt 210 with sl 167.5₹ clbs
#ascending triangle pattern
#Disclaimer:-I just shared view for only educational purpose.
Spinning Tops in a narrow range usually signify mixed signals - it can move in either direction. So, it may bounce anyday upto 11550-11600 but, the direction clearly remains Bearish. It's preparing itself for a meltdown. 11250 is it's support, so it's spending some time here. Once it breaks this, our targets are - 11000, 10800 and 10450.
Nifty - Technical Analysis:
-Nifty closes green for the second day after the big fall on Monday, closing above 11500 indicating stability
-Support level at 11400, resistance levels to watch out for ahead: 11600,11660
Market - Driving Factors:
-The oil & gas and IT indices gained over a percent while the midcap and smallcap indices added a percent each.
-Top...
Nifty - Technical Analysis:
-Nifty gaps up above 11700 but sellers take control as markets fall drastically ending down 2.65%
-Volatility index, India VIX, shot up over 26 per cent to nearly 30 levels.
Market - Driving Factors:
-Analysts are of the view that the reports of the Indo-China border tensions might have spooked investors, pushing them to take some...
Nifty Future is Trading in a Perfect Upward Sloping Wedge Technical Pattern as marked on the charts. As rally is mainly driven by the liquidity and Market looks overbought to many of us, but on should take a note that Bulls are in full control and any correction in the Nifty has been used for buying. We can see Gap on the Daily Charts in Nifty and Nifty is likely...
Hello Guys,
Hope You All Are Fine And Fit..
Here we are discussing about Nifty Next Trend, As per basic evaluation of chart with volume as well future and option OI, Nifty Can show 11600 Figure next week.. Just Focus on the trend o of Monday, There are huge Positive break out can be visible in coming days..
Hope this short Evaluation can hello you to...
NIFTY is trading at the crucial area which already tested the CHANNEL SUPPORT LINE on 14th August @ 2:15 PM.
hence expected to break the channel at this time, therefor it is good to close the swing trading for long position.
Nifty Shows Bullish Trend Today, We are Expecting Big Movement.. Guys Requesting to be cautious with this trend.. This can be trap for all retail investor, We are not saying that Nifty can set this kind of trap for all of us, We are saying that Nifty can show one more down trend with following levels 11320 - 11280 - 11260 -11200 within 2-3 Days..
Don't Take Any...
