Nifty has taken support at the channel trend line. It has made a strong marubozu candle. It has room to move up. My view for tomorrow is Bullish...
Nifty - Technical Analysis: -Nifty saw a good uptrend today and rose 1.23% ending at 11391 -Nifty saw some resistance around 11350 but took support at 11300 and bounced back Market - Driving Factors: -Banks, realty and metals saw bullish move as NIFTY REALTY rose 4.04% -Overseas funds have sold $14.6 billion of Indian corporate and government bonds this...
I hope you can now see how NIFTY represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
Note: This is for educational purpose only. There seems to be a bearish RSI divergence on daily chart of Nifty.
According to this chart, NSE Nifty had started raising from mid-March. Still, it's in an uptrend, and that has confirmed through my drawn support trendline and dynamic resistance . I have used here 50 MA and 200 MA to identify the next move. Those moving average crossover indicating direct a positive sign, and the price must be trading at or above the 50...
If NIfty shoots upside it can topout at the previous high @ 11341. if it breaks down 11165 then it can trade below the neck line placed at 10880. Upside target : 11243, 11300, 11341, final 11377 downside target : 11111, 11055, 10880 , if the neck line is broken then the direct target will be 10580 and 10551 which is 1.618 level and...
BUYERS BE VERY CAUTIOUS!!!!!!!! Open we might see bulls after first half bears my be dominating As we can see there is bulish harami candle stick pattern formation NIFTY HAS MADE A LOTS OF GAPS AND FACING RESISTANCE @ 11386 IF IT CROSSES 11386++ WITH GOOD VOLUMES WE MIGHT SE BULLISH MARKET Else, we will see a fall back after touching the resistance and will try to...
Look at the chart carefully!! - What do you expect from here? Their is a formation of a bullish hammer pattern right after it touched the trendline @ 11,111. Now look how nifty reacted the last time it touched the same trend line. Hope you found how wonderfully it respected the line and never came back. So we can expect another touch on the trend line and a...
As I have mentioned in my pervious Nifty Post, Still Nifty is trading in the wide sideways zone. Sideways zone is most difficult to trade because it gives both side moves. Strong Demand Zone @ 10800-10880. Strong Supply Zone @ 11400 11250 to 11400 is a Sideways to Positive trade zone. 11050 to 11250 is a Negative Trade zone. below 11050 is a Strong Negative...
Nifty Making HH & HL continuously showing strength Now we are at Distribution zone where selling was emerging since 22 July . after that we see a slight retracment towards 10890 levels now again we are at top of that distribution zone yesterday was a gap up which didn't hold -----its weakness as we were in distribution zone will think of shorts only...
Nifty on 12 Aug 2020 was overall bearish. I think it will be remaining bullish tomorrow also. Crucial Resistance are: 11000 11060 11220 11315 11380 Also PCR has increased 10.70% but significant call writing can be seen at level 11300 and 11350 levels. Personally sold call option of 11350 (at price 33) for tomorrow expiry. Will be selling 5 more lot of 11300 CE...
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade with the help of your financial advisor only.
Anyone predicting the market would be lying at this point, we can all speculate but things are pretty uncertain with Nifty at the moment. But considering we're in uptrend, either it should touch 11300 and break the new high or touch 11300 and then fall. also, on 1 hour TF there was a triangle pattern which broke in positive end to support this hypothesis. In both...
1st Bullish Sign if Nifty will give daily close or sustain above 11200. In this case Nifty may test its next Major Supply Zone @ 11300. and in any case If it will manage to sustain above 11300 then it my test its next Supply Zones @ 11350-11450. There are multiple Demand Zones between 11050 to 11200. In any case if it will give daily close or sustain below 11200...