Any hourly closing above 22461 then 📈 📈 to ( 22561 -- 22586 ) Closing below 22419 in any hourly will be 📉 📉 ( will update if it breaks ) 22453 --- 22461 ( Sideways) No trade zone Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible 21804 --- 21910 ( No trade zone ) sideways Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
ENTRY TARGET SL Mention in the chart. ALWAYS TAKE TRADE WITH CONFIRMATION Note : Trading in any financial market is very risky. I post ideas for educational purpose only. It is not financial advice. Do not hold us responsible for any potential loss you may incur. Please consult your financial adviser before trading.
Above closing on that White line in any hourly could trigger price upwards 📈 (Sideways to bullish) 22343 -- 19th April Support on 22343 could 📈 to 22714 -- 22789 within ( 26th April -- 2nd May ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
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.
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 Analysis - Stance Bullish ⬆️ Recap from yesterday: "For tomorrow also we are continuing our bullish view and would like to go neutral if we get a close below 22615" Nifty had a gap up opening and was stuck in a narrow range till 13.11 after which it picked up decent momentum. Nifty almost gained 101 points from the intraday low to take out the previous...
24704 -- 10th June 2024 Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The support of 22051 will be crucial and N50 has to defend it if we wish to go bullish.” 4mts chart No one would really believe it if we said Nifty50 had an opening low of 21947 i.e. 133 points below the last session close. Well, it was just a blip and we quickly regained the 222051 support/resistance...
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. PCR = 1.24 (Highly Bullish) Important Levels: marked on chart Support: 22000 , 21930 Resistance: 22164, 22428 Verdict: Bullish Plan of Action: Sell 22164 CE & 22000 PE. Exit one leg if it breaks the zone. (hedge with 20/- PE)
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Momentum is a great thing in technical analysis, the trend starts only when the momentum is in favor because if things stay as it is — markets will recover.” 4mts chart Whatever trap was set up by the Bears, it was busted open today with the gap-up. We opened 167 points ~ 0.76% ensuring we are opening...
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. Important Levels: marked on chart Support: 22050 , 21930 Resistance: 22164 Verdict: Sideways Plan of Action: Sell 22000 CE & PE. Exit one leg if it breaks the zone. (hedge with 20/- PE)
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. If we look at the chart now: The market is trading at the support zone. Also, 22950 provided a nice bullish pullback twice today, which indicates 21950 to be a good support level for now. The market is trading in a Bearish Zone right...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “From the recent top of 48161, BN is falling, but yet to make a lower low or lower high. Unless the 2nd leg starts, we wouldn’t know with clarity what it has in mind. To go bearish, we need to fall below 46176 another 800pts away.” 4mts chart The day did not go as planned, firstly the selling pressure...
As we have discussed, NIFTY has been in the uptrending channel. It has been broken to the downside with huge volume power. If we look at the chart now: The market has broken the channel to the downside and is continuing its momentum to the downside. Whereas 21900 is a good support zone that might provide support. If it's broken, the next support point will...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “If US markets advance and take out their ATHs by then, we can expect a huge gap up in the next session. In case the Global macros weaken over the weekend — the Bull’s party could be cut short too.” 4mts chart Nifty fell 219pts ~ 0.97% intraday and yet it has not broken the support level of 22295. If we...
This analysis represents a modified view of the chart analysis initially published on TradingView on March 1, building upon the insights provided in my previous assessment labeled "NIFTY : The tentative stage of a market melt-up stage in PROB#2". The modifications take into account evolving market conditions and additional data, and it is important to recognize...
As we discussed, NIFTY's sideways behavior touched the fib 0.38 level and came back to trading again at the resistance. If we look at the chart now: The market is trading at the resistance right now. This might force it to consolidate for tomorrow as its expiry for nifty on 7th Mar. market might expire in the marked region. If we look at the OI data: ...