"Good morning, friends! Here are the directions for January 10th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty showing a -45. Nifty exhibits a triangle structure. If it finds support...
The FASP for Nifty is listed for 10-01-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Today Nifty opened with a gap-up, after consolidating it triggered a buy trade above 21640 and made a high around 21724 which was near to our final target. In second half we saw the rejection which was expected and a sharp fall of more than 200 points from a day high in Nifty towards 21517. For tomorrow, if Nifty sustains below 21470 we expect to see more...
As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. right now, it is on a support line. If it breaks to the downside, it can achieve a nice bearish target. But as we can see, it had formed an insider candle in the time frame. According to the OI data, PCR is 0.65 overall. The market has shown a bearish structure...
Today Nifty opened with a gap-up and after making a high around 21760 we saw a good selling from upper levels. Nifty triggered our sell level 21630 and hit all the targets on downside. For tomorrow, if Nifty sustains above 21640 we expect to see more upside towards 21670 and upper levels. On the downside, Nifty has to break 21490 to open more lower targets as...
"Good morning, friends! Here are the directions for January 9th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a gap-up start, as indicated by Giftnifty showing a +120. If the gap-up sustains, our minimum target is 38%. Should it break, a pullback...
Today Nifty opened with a gap-up above 21700 which was our buy level, and remained in the range until 10:30 am. Nifty broke it's range on the downside, and we took Sell trade on the breakdown which gave quick 30 points profit. For Monday, until Nifty cross 21800 we are not comfortable in buying as there are multiple resistances in 21750 - 21800 zone. Let Nifty...
As we discussed nifty yesterday, It could not break to the upside, so entry didn't activate, but it broke to the downside pattern today. Also, if we look into the market, OI data indicates PCR = 0.7, which is bearish. Also, because the market is in the support line, it is still inside the channel. If it breaks the range to the downside, sellers will get activated,...
As we have been discussing the NIFTY in the channel, It performed really well. But now it's forming a new pattern that can be seen in the chart. Nifty has been showing a very bullish signal as it has been super bullish in the last hour today. Suppose we look into OI data PCR = 0.88, which is assumed to be mild bullish. Also, it has been taken support at the...
As we have been discussing the NIFTY in the channel, It performed really well. But now it's forming a new pattern that can be seen in the chart. Nifty has been showing a very bullish signal as it has been super bullish in the last hour today. Suppose we look into OI data PCR = 0.88, which is assumed to be mild bullish. Also, it has been taken support at the...
"Giftnifty indicates a -5 point trend, suggesting that Nifty might open neutrally. after that If it experiences a pullback and effectively breaks the level of 21707, we can expect its continuation towards the 78% supply zone.we can expect its continuation towards the 78% supply zone Bearish perspective: If the market opens with a gap-down or faces rejection...
Today Nifty with a gap-up above 21600, broke the resistance line and rejection level for yesterday with gap-up and sustaining above 21600 triggered our buy level. Nifty made a high around 21685 and we booked profit in both 21600 and 21650 CEs today. For tomorrow, if Nifty breaks 21700 on the upside, we expect to see further buying towards 21740 and above levels...
Today Nifty again opened flat, broke our sell level 21600 on the downside and made a low at 21500. We booked great profit in Nifty 4th Jan & 11th Jan expiry Puts. For tomorrow, if Nifty breaks 21470 on the downside we expect to see further selling towards 21430 and below levels marked on the chart. On the other side, if Nifty sustains above 21600, we expect to...
As we have discussed, the Nifty in the morning analysis fell quite a few points with a nice selling volume. Right now, Nifty is moving into the bearish channel and is supposed to complete it. It will move to the 200 EMA, and it might take support there. According to the OI data, PCR 0.62 means it's very bearish. I am expecting it to fall to 200 EMA. Reason: ...
Today Nifty opened flat, tried to take support around 21700 but after sometime broke our sell level 21680 on the downside and made a low around 21550 which was our final target. For tomorrow, if Nifty breaks 21600 on the downside we expect to see 21560 and below levels marked on the chart. On the other side, if Nifty sustains above 21700, we expect to see some ...
Nifty Prediction for Tomorrow BEARISH Reversal expected as marked in the chart. Look for Buy/Sell at Demand and Supply zone for profitable trades. Demand and Supply Zones - When price breaks the zone, Demand zone will become Resistance and Supply zone will become Support. Refer the chart for detailed Intraday Support and Resistance levels. Happy Trading!!
Today Nifty opened flat and remained in a range for first half. After 1:30 it broke range, went above our buy level 21760 and 2 targets on buying side were done. We updated about the important resistance level of 21850, in last week analysis and today we saw good rejection near that level. For tomorrow, if Nifty breaks 21670 on the downside we expect to see 21630...
Today was a range bound day, Nifty moved in 70 points range from 21760 to 21690 broadly. Sell trade triggered below 21720 and Nifty hit our 1st target on the downside. For tomorrow, if Nifty sustains above 21760 we expect to see more upside towards 21790 and upper marked levels. On the other side, if Nifty breaks 21670 on the downside, we may see 21630 and below...