Niftybearish
NIFTY Bearish Trend EMA50 Testing Weekly corrected 2400 points Posted Chart on 29th september that Nifty Near to Channel Resistance with RSI overbought and small negative Divergence, Price is 2000/4000 point away from EMA 20/50__after every trending move price is reverse to its ema line(MEAN reversion)+ also if making of flag then sideways to small correction can expect_____
Now after Retest Of EMA20 on weekly Nifty Still facing selling Pressure from higher levels now previous swing low is broken EMA50 is nearby 23300 and channel support at nearby 22700.
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USDINR at lifetime high @84.40 overall negative momentum.
NIFTY ANALYSIS FOR WEEK FOLLOWING 17th APRIL 2023Nifty Zones
Zones Above - 17842-856, 17904-922, 18016-034, 18120-134, 18184-201, 18238-250
Zones Below - 17799.95, 17727-17739, 17651-17665, 17502-535, 17315-330
Nifty seems to be very strong as per today's close, few sectors are supporting Nifty strongly, although most of the sectors are over bought, but price action suggests otherwise
NIFTY ANALYSIS FOR 20 JANUARY 2023Nifty has formed a Bearish Harami pattern on Daily time frame, if it breaks todays low 18063, 150 pts down move is clearly expected with in a day or two.
Nifty Levels Above - 18161-183, 18238-250, 18300-318
Nifty Levels Below - 18038-052, 17926-948, 18876-853, 17778-764
Nifty will behave similarly volatile till it remains between 18265-17747
NIFTY ANALYSIS FOR 02 JANUARY 2022Nifty lost its steam of bullishness as of now, it is in a range where dias is undecided
only if it breaks and closes below 17770 on Daily closing basis it will get Bearish
&
if it breaks and closes above 18710 on Daily closing basis it will get Bullish
in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
NIFTY 50 ( Gap Down ) - 27.07.2022 - BAHAVAN CAPITALNIFTY 50 as per my message on 25.06.2022 exactly after breaking 16560 level made a low @ 16475 level and closed @ 16483.
FII have once again begin to be the Net Seller with 1548.29 Cr and DII Net holding with 999.36 Cr .
If Below 16400 then Target 16207 - more possibility to happen...
If Above 16850 then Target 17090
Anticipating Nifty 50 to open with a Gap Down below 16400 levels and can go down to fill a Gap 16373 and further down up to 16207 levels .
Bank Nifty looks equally bearish there is a lot chances for Nifty 50 falling tomorrow or becoming Range Bound.
Thursday being weekly expiry might see a good fall.
Happy Profitable Trading to All.
Nifty Daily AnalysisNifty broke 18000 yesterday and continued trading below it indicating further weakness in price, it also broke a rising channel pattern giving bearish bias now. Until it trades below 18k we can see 17800 level soon which can be a "support" and after that next support is at 17600. Looking at the upside we still see 18000 as a barrier.
Nifty ShortNifty yesterday given "Spinning top" in daily time frame.
and today "Open = Close" in nifty.
it creates a "Doji" .
Both Scenarios after a good uptrend indicates a reversal.
and also we should keep in mind the exhausting gaps remaining in down side.
i am bearish in nifty.
lets see in upcoming days.