Nifty is just a smudge away from 16k! Private banks, Media and Realty stocks did quite well today, with PSU banks and many other sectors retracing. Interestingly, Banknifty saw some strength in the second half, but Nifty saw some selling. Let me break it down for you, candle by candle. Along with the top stocks, Reliance, HDFC Bank, Infosys, HDFC, ICICI Bank,...
NIFTY is ASCENDING triangle pattern and it can resume its uptrend 15810-15790 is a SUPPLY ZONE to look at as of now as its break can lead to further all time high Don’t shorts unless this pattern breaks with proper candle close
Nifty may face resistance 15050. Follow targets with rules Immediate support: 15650 Major Resistance:15800 Major Support: 15550 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader Institute
#Nifty50 and #Banknifty both saw some stiff resistances in today's broad-market fall. This could be profit booking considering how the markets have gained consistently so far. Generally, after a big move we have seen price consolidating or moving in a range-bound way, however today we saw several massive candles being formed. Option decay was fairly high, but...
#Nifty50 yet again performed better than #banknifty today. This is typical behaviour which we have witnessed for quite some time now. To show you the extent of divergence, Nifty's hourly RSI is 60+. Banknifty's is below 40. The main culprit for this were the HDFC twins along with Kotak Bank. They might be looking for a trigger for added momentum which has the...
Despite the lack of momentum in the first half, the markets were able to recover, with Nifty nearly touching 15,700. Banknifty showed strength, too As an option buyer, if you were able to manage the first half well (by either scalping or not trading), you could have entered using a simple setup in the second half to capture the rally. Overall, choppiness seemed...
Despite the weak open, the markets were able to recover in the second half, with Nifty nearly touching 15,600. While the short-term trend still appears bullish to me, we have seen a bit of consolidation of sideways correction after a fresh ATH is made before the next leg of the rally. Open interest data appears to have a bullish bias as of today's closing, but a...
The markets saw a little weakness post a dream run even though Nifty tested 15,600 levels. While the short-term trend still appears bullish to me, we have seen a bit of consolidation of sideways correction after a fresh ATH is made before the next leg of the rally. Open interest data appears to have a bullish bias as of today's closing, but a lot can change...
Above 15500, Nifty will continue bull run. Nifty is at lifetime high. Be cautious ! Major Resistance:15600 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Nifty saw yet another strong day, closing well above 15,500 and nearly testing 15,600 levels. Banknifty trend appears bullish too, even though it's still 5.7% away from its ATH. But that might mean that BNF can play catch-up very soon. Nifty creating yet another high and closing above the 15.5k mark is a very bullish sign, but in the past, we have seen a...
Nifty in bull mode. Nifty will have to sustain 15550 in the upper side Major Resistance:15600 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Nifty is at its lifetime high. There is no resistance on upper side. Follow the targets given. Being 1st day of June series and 1st trading day of week series, market may take time to decide. Major Resistance:15600 Major Support: 15450 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Above 15050 Nifty is in uptrend. But we can expect profit booking at 15300-15400 range. Major Resistance:15300 Major Support: 15150 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
NIFTY AT VERY CRUCIAL LEVELS , WE CAN SEE MULTIPLE REJECTIONS FROM THIS AREA RANGING FROM 15270 to 15350, so for now it’s very risky to make any new long positions as of now until it breaks the following level with good volume and candle closing !! Else expect a short retracement and can buy on RETEST on given support 14970
Above 15050 Nifty is in uptrend. Major Resistance:15150 Major Support: 15050 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Major Resistance:15150 Major Support: 14900 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leader
Major Resistance:14750 Major Support: 14650 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leaderfty
Major Resistance:14750 Major Support: 14600 Trade with Stoploss! For Information & Education purpose only! Regards Trade Leaderfty