With bank nifty this CNXFINANCE also seems to outperform...
Nifty View: A fairly volatile session for benchmark Nifty as the index slips 65 points in today’s trading session. Intra day volatility was on the higher side as the index failed to hold on to either to the day’s low of high. Under the Japanese Candlestick parlance, we have a “Doji” which clearly reflects the degree of uncertainty in terms of the immediate trend...
Nifty View: Benchmark Nifty index manages a much-needed bounce back in today’s session to post a close tad above 14,4400. A falling channel in the 75min time frame which we’ve been focusing upon still services as the index miraculously manages to bounce back every time from its lower border. And alongside the last three lower lows of price we clearly now notice a...
A triangle formation in one hour chart shows a good chance for bearish trend to continue. Although breaking the trendlines will be decision point for a up or down trend . Disclaimer - This post is for educational purpose only. Please consult your financial advisor before taking any position.
We are still moving in a rising channel. This is what bulls want to hear & see. Also, they want see the weekly bullish doji candlestick formed at rising trendline support. This seems to be trap for me and the markets are likely to fall and break this doji's low in next couple of weeks. Has the rally started from 7511 is an impulsive one? According to me, the...
HOW TO TRADE IN NIFTY . Nifty with a uptrend in starting, though the market will be bearish at the end. Sell if Nifty breaks 14193. behind the scenes: FII -1082cr DII +1323cr EUROPEAN markets are bullish. SGX nifty is trading bullish at the time of review Advance to decline ratio is around 1075:824 in Nifty US market data is bullish Crude oil is trading at...
Let's understand the daily charts of Nifty Futures. We study daily charts to understand the long term nature of the stock. Candles have taken support at 100 DEMA. The value of 100 DEMA is 14191. MACD has the blue line below the orange one which is a bearish sign and to add on, it is trading below the zero zone with is bearish as well. RSI has resisted 50 mark as...
The idea should work in ideal condition. Markets are heavily influenced right now by institutional selling. Idea based on support - resistance formation. Analysis by Pranay Jain a.ka WizSmash
Nifty View: Tough times for the benchmark Nifty index as volatility spikes up. Today’s price behavior was quite disappointing as the index gave away all of the opening gains and slip to post a close at 14,290. Time and again the 100-point range of (14,200-14,300) has proven as a strong source of short term support and so a break below this range will definitely...
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Nifty Futures LTP 14384 Support 14213 Resistance 14520 levels & 14660 levels Hourly chart (short to medium term) Divergence Indicator has given a bull signal RSI has bounced back from the 30 mark which is a good sign 3 Green candles may indicate that the strength is returning MACD, though in the bear zone, we can see the red bars fading away 15m charts...