As we have been discussing in our last post, NIFTY's bullish momentum has performed as we discussed. Now, NIfty is facing resistance, as can be seen on the chart. It's still forming a higher High. But it is not able to make a higher LOW, which shows the weakness in the bullish trend. In the OI data, we can see that 21000 is showing huge resistance.
I am expecting...
Nifty Intraday Prediction Levels for 11 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or...
Nifty Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or...
"Good evening, friends. Directions for December 8th: there is no significant difference from the last session. The global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral to slightly gap-up start.
We have an RBI monetary policy announcement tomorrow; the...
NIFTY Intraday Trade Setup For 08 Dec 2023
Bullish-Above 20970
Invalid-Below 20920
T- 21090 21235
Bearish-Below 20850
Invalid-Above 20900
T- 20684 20558
NIFTY has closed on a slight bearish note with 0.17% cut today. Nothing triggered as per trade setup just like BANKNIFTY yesterday. 10 o'clock range was intact whole day. Till now our TSL in long (from 19880)...
🐂 Market Outlook
📈 NIFTY continues its upward trend, while Banknifty indicates signs of profit booking.
📊 Chart Analysis:
NIFTY exhibits a hanging man, while BANKNIFTY shows a bearish engulfing, suggesting a potential pause or dip.
📈 Open Interest:
Option chain remains neutral with support at 20900 and resistance at 21000.
🔄 PCR (Put-Call Ratio):
PCR at 0.8...
NIFTY Intraday Trade Setup For 07 Dec 2023
Bullish-Above 20970
Invalid-Below 20920
T- 21090 21235
Bearish-Below 20850
Invalid-Above 20900
T- 20684 20558
One more green gain added in our bullish favor. NIFTY has closed with 0.4% gain today all contributed through gap up. As per 10 o'clock range breakout it gave a small move of 35 points in the downside below...
Nifty Analysis
Recap from yesterday: “For tomorrow, I prefer to hold on to my long stance with 20690 as a reversal level. If the uptrend is intact — we hope to see the laggards also catch up with the winners shortly.”
5mts chart link - click here.
It might look like we had a lot of action today seeing the final gains at 82pts ~ 0.4%. The truth is - these gains...
"Good morning, friends🌺! As of December 6th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a gap-up start, considering the GiftNifty value at +60.
Afterward, if the gap-up has a solid structure, then we can expect the rally to continue. On the...
NIFTY Intraday Trade Setup For 06 Dec 2023
Bullish-Above 20870
Invalid-Below 20820
T- 21020 21168
Bearish-Below 20730
Invalid-Above 20780
T- 20593 20419
NIFTY has closed on a bullish note once again and one more great day added in our long favor. We have already longed from 19880 as per the analysis on 27 Nov. Till now it has given 950+ points gain...
Nifty Intraday Prediction Levels for 6 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or...
Nifty Intraday Prediction Levels for 5 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone/ Line or break down and close below the Support zone/ Line.
These levels act as support and...
"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20.
Regarding yesterday's structure, despite a significant increase during the last...
NIFTY Intraday Trade Setup For 05 Dec 2023
Bullish-Above 20710
Invalid-Below 20660
T- 20862 21020
Bearish-Below 20580
Invalid-Above 20630
T- 20419 20258
NIFTY has closed on a bold bullish note with 2% gain today. Our swing long position just blasted today. We planned a bullish swing trade above 19880 on 27 Nov which was triggered on 28 Nov. It has given more...
As we discussed in the last analysis, nifty has moved to a bull target. Now, it's trading at its all-time high. Can it go further high? Option OI data shows it's heavy bullish. Bulls have made heavy PE writing on 20600 and 20500. on the upside, bears don't have much of a position. It seems either it can go upside down or it might go sideways. There is no Bear side...
Nifty Intraday Prediction Levels for 4 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or...
structurally, we can anticipate a rally continuation if it breaks today's high. We can expect a correction only if it breaks the 38% level. In the meantime, the market might undergo some consolidation."
NIFTY Intraday Trade Setup For 04 Dec 2023
Bullish-Above 20300
Invalid-Below 20250
T- 20420 20531
Bearish-Below 20200
Invalid-Below 20250
T- 20088 19970
NIFTY has closed on a bold bullish note last week with 2.39% gain. We planned our buy trade above 19880 on daily swing breakout for a fresh ATH. A fresh ATH is done with a very good momentum and now we will...
