NIFTY daily Retrace 61% from bottomHello everyone,
Nifty spot 24340 consolidating since 2 weeks within range of 24000 to 24500 rsi negative divergnve is there on daily time aong with fibbonacci 61% retrace from bottom volume is not supporting bullish breakout away from 200 ema can expect bearish move till 23500 trendline support.
Niftycorrection
Investment Opportunity after a healthy correctionI have been tracking Nifty since months, to exploit investment opportunity. It is always better to invest (in the market) after a correction. You get competitive prices which results in potentially more upside (returns).
The indicator ploted here is Bollinger bands in weekly time frame. You may see that every time Nifty hit lower Bollinger bands, eventually it bounced back up. So, there is a high probability that "history will repeat itself".
So, if you were waiting for right time to invest in
Q&A_ How to read India VIX and what does it actually mean?Namaste!
India VIX is a volatility index based on the NIFTY Index Option prices. From the best bid-ask prices of NIFTY Options contracts, a volatility figure (%) is calculated which indicates the expected market volatility over the next 30 calendar days.
In simple words, it tells us the % market is expecting Nifty to move (whether up or down) in the upcoming 30 calendar days.
India VIX chart analysis:-
You must have noticed that each time VIX touch 10-11% levels, it bounces off. Did you e
Nifty Daily Levels Update For Option Day Trading
Nifty Down Side Targets / Nifty Support Zones
First Support Zone For Nifty – 18085 -18100
Second Support Zone For Nifty – 18014 – 18025
Third Support Zone For Nifty – 17914 – 17924
Nifty Up Side Targets / Nifty Resistance Zones
First Resistance Zone For Nifty – 18220- 18210
Second Resistance Zone For Nifty – 18270 -18258
Third Resistance Zone For Nifty – 18348 – 18332
Nifty Top and Correction Prediction/Analysis This post is to analysis or predict the Nifty possible top in future.
On 13th Aug 2021, Nifty closed at 16529.
This analysing has been made on Nifty Monthly Chart from Nov'1998 to Aug'2021. I have tried to summarize the nifty movement in a "complete cycle" of Bull and Bear market.
Let's understand what is "Complete Cycle" means?
To begin with, I would like to introduce few concepts that will be important for this study:
1. "Last Downside to Current Upside (A)" aims to establish a relatio







