On Friday 4th Aug Nifty made a gap up opening and created an island day. We had changed the stance from bearish to neutral. And today nifty managed to build-up momentum on top of what happened on Friday, to me - that’s bullish. After opening gap, nifty managed to stay above the 19530 level quite strongly. At 09.30 nifty made the low of 19524 and then went back to...
Nifty important intraday levels to watch for 07-07-2023 #Support: 19485 Short if candle closes below 19485 #resistance: 19550 Long if candle closes above 19550 #Targets on downside after break of support. Target 1= 19440 Target 2= 19380 #Targets on upside after break of resistance. Target 1= 19660 Target 2= 19730 Remember each level will act as a support...
"Good morning! As of August 7th, the global market sentiment is slightly negative (based on the Dow Jones alone), while the market trend remains moderately bullish. Therefore, whether it opens with a gap-up or down, it doesn't matter. If the initial market experiences sharp declines, we can anticipate a ranging market. On the other hand, if the market surpasses...
Dear All, The previous week was in a way quite terrific for us, as Nifty had somehow touched all of its important levels in a week itself, i.e. from 19800-19550-19300 approx. Now, as per the current situation, Nifty has somehow taken a beautiful support at our earlier stated support level of 19300. Which is why, we are still quite optimistic for the...
These Levels are important for NIFTY 50 for Monday. Any rejection from these levels or breakout on these levels can lead to good movement on either side. 'Yellow' markings are important Fib levels which includes a bit filtration with Price Action. Hope you have a good day tomorrow. Good Luck!
NIFTY Intraday Trade Setup For 07 Aug 2023 Bullish-Above 19540 Invalid-Below 19490 T- 19640 19751 Bearish-Below 19450 Invalid-Above 19501 T- 19345 19250 NIFTY has closed on slight bearish note with 0.66% cut last week. Swing sell has been triggered below 19560 and last swing high is 19800 (sl). It gave almost 1:1 gain but projected target is near 18750 zone. If...
If Nifty breaks 19425 and sustains below that, marked targets with white line expected. On the upper side, if Nifty sustains above 19590, we expect to see higher levels as marked on chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
How NSE:NIFTY1! looks like going forward? Weekly (-1) This week's close is lowest of last 4 week. There was a red doji last week. Which gets clear confirmation on this week's closing. (-1) Weekly volume is highest of last 4 weeks. Daily (+1) Nifty comes back to the uptrend channel with bullish kicker candle formation. (+1) If you follow BB...
Nifty Prediction: BEARISH / Negative Sentiment Nifty is trading inside a channel pattern, it has resistance at 19525-19570 level & Support at 19300-19330. Nifty likely to Open Gap down next week, and will test 19350 where we can expect BULLISH reversal. if 19300 is compromised more down fall expected. BULLISH trend only above 19573. Demand and Supply Zones -...
For 2 consecutive days the bears had a good time and now it is over! Today’s price action and the inability of the sellers to push down the prices indicate the bulls are gaining traction. Most analysts would prefer to watch for 1 to 2 more days before changing the bearish bias - I would prefer to change my bias from bearish to neutral right away. In the recent...
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...
Nifty Weekly Analysis We lost 373pts ~ 1.89% between the last expiry day and today. Usually Nifty ends up compensating the loss by dip-buying. For the first time in many weeks - the dip buying is not that intense and that may open up more cuts in the coming weeks. Our stock market in specific has been in an unchecked rally from April 2023. The fact that US...
"Good morning! As of August 4th, there is no significant difference compared to the last session. However, the global market sentiment is slightly positive (based on the Dow Jones alone), and the market trend is bearish. There is a possibility of opening with a neutral to slight gap-up. Afterward, if the initial market breaks the previous day's closing price, it...
Dear All, Yesterday we had seen the effect of the crucial support level of 19550. Where below this level, Nifty took a sharp dip towards our previous support level of 19300, and from 19300 we had also observe a sharp recovery of around 100 points in Nifty, yesterday itself. Finally yesterday we did somehow witness a major impact of the shooting star...
NIFTY Intraday Trade Setup For 04 Aug 2023 Sell_1-From 19451 Sl-19501 T- 19373 19300 Sell_2- Below 19290 Sl-19340 T- 19179 19065 NIFTY has closed on a bearish note once again with 0.74% cut. After our sell triggered below 19560 it is going in flow. Sell triggered as per trade setup below 19420 and hit our 1st target 19300 in flow. Bearish sentiment likely to...
Maybe it was the news that Fitch cut the US rating from AAA to AA+ that sparked the reversals in Asian markets. Our market too started to fall but had a decent recovery in the last 1 hr (just as usual). The global markets were staying at elevated levels for quite some time now. Our market is at the APEX with the outperformance unchecked. Even with such a strong...
Expectations: Volatile Day Intraday Levels: Buy Above - 19400 Sell Below - 19300 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
The FASP for Nifty is listed for 04-08-2023. 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...