Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall. In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades. It trading below the 20 ema (daily) and may come to retest the...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Ideally, we need one more red candle below 22295 for some bearish safety. 22051 is the next support level which could be taken out pretty easily if the shorts pick up momentum." Nifty hits an intraday low of 22079 today and a decent recovery to end the day at 22177 (22147 weighted average close). Honestly,...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
"Good morning, friends! Here are the directions for April 16th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -220 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "On the higher time frame, we have a double top formation (M pattern). To negate the pattern we would have to take out the ATH, otherwise, it looks like a nice setup to go bearish. 22519 is a good interim support level, the main support comes only at 22295." I personally did not punch any manual or...
NIFTY Intraday Trade Setup For 16 Apr 2024 Bullish-Above 22430 Invalid-Below 22380 T- 22660 Bearish-Below 22250 Invalid- Above 22300 T- 22050 NIFTY has closed on a complete bearish note with 1.1% cut today. In the weekend we discussed that index has formed a short term top as it formed a 2nd leg shooting star in weekly TF. Only thing is that it opened directly...
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
"Good morning, friends! Here are the directions for April 15th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -120 point decrease. I'm really sorry, I can't say exactly how the market will react today...
looks like Nifty is trying to break the trendline above it. if nifty breaks the trendline, it may be a bullish movement. if it crosses below the 21900 level(support marked on the chart), a bearish movement is possible. Disclaimer: All information provided here is for educational purposes and not a recommendation, advice, research report, or stock tip of any...
In this video, we'll discuss about Market Movement and Tomorrow's/Next Week Analysis in Nifty, Banknifty and other segments too. Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it! ✅I hope you liked the analysis. Be sure to hit that LIKE. 👍Like | 💬Comment |...
As we discussed NIFTY yesterday, it opened a gap-down and then continued the momentum. If we look at the chart: The market has broken the pattern to the downside. There is 200-ema support at the downside. I am expecting to take a little bounce back (consolidation) and then continue the bearish momentum. 22385 is going to provide very nice PA support. All...
NIFTY Intraday Trade Setup For 15 Apr 2024 Sell_1- From 22660 Invalid-Above 22710 T- 22500 Bearish-Below 22500 Invalid-Above 22550 T- 22300 NIFTY has closed with a bearish sentiment last week. It has formed a shooting star candle in weekly TF that too in the 2nd leg which I personally consider. There is a strong possibility of NIFTY topping out atleast for...
Nifty is at support which is in line with support hit by US equity too. if all markets hold the support then we can see Nifty towards 23300 which is based on cup and handle formation still holding on as on today.
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...
As we discussed NIFTY yesterday, it ended sideways. If we look at the chart now: the market is trading ATH in the zone where it got heavy selling from this region. NIFTY is going to be sideways unless it breaks the GREEN trendline to the downside. The inside marked region (22617-22766) is sideways. If we look at the OI data: PCR = 1.21, which...
Good morning, friends! Here are the directions for April 12th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -130 point decrease. Previously, Nifty had a solid pullback after a minor correction. But today,...
Except the two corrections as marked, NIFTY 50 is on a steady climb towards 23K. Seems like we'll get there before the first vote is cast in the upcoming elections.
Nifty support and resistance levels are valuable tools for making informed trading decisions, specifically when combined with the analysis of 5-minute timeframe candlesticks and VWAP. By closely monitoring these levels and observing the price movements within this timeframe, traders can enhance the accuracy of their entry and exit points. It is important to bear...