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: ...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “The odd man out today was NiftyIT, which did not want to participate in the rally and instead went the other way. It ended the day with a loss of 204 points.” 4mts chart NiftyIT again shows its rebel attitude today, on a flattish day - NiftyIT losses 291 points ~ 0.77%. I am not suggesting that a...
As we discussed yesterday, NIFTY has been taking resistance at the resistance trendline and resulted sideways. If we look at the chart now: The market is trading at the Resistance trendline. The market has been in a range bound in (22350-22470). Also price >> EMA(200) (TF = 30 min) and EMA(13) >> EMA(200). This indicates that the market needs some...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Ideally, we should expect the leg2 to start soon, but the premiums are not indicative. Also, we have the monthly expiry this week and things could get a bit volatile before we find a clear trend.” 4mts chart Nifty50 would have given enough choppiness for those bullish today to test your courage. But N50...
Nifty is in tight range option sellers are minting money so please follow levels properly to avoide losses.
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “From 15th Dec 2023 to 15th Feb 2024 — Nifty was in a narrow range of 21491 to 21913 with a couple of false breakouts/breakdowns. So we are keeping our fingers crossed this time to validate whether it works out. One way to do that is to check for follow-through price action. Blips do not last that long and...
Nifty 21950 act as OB we can see upside movment from this level Note - Only for education purpose
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “Bulls and Bears are reevaluating their army strength and will soon fight it out — we will get a trending move as soon as the balance is tipped. For tomorrow — we wish to start the day with a neutral stance and then re-evaluate based on Nifty’s plans. If we pick a direction, we will definitely update the TV...
Made very good pattern, if breaks up will go up if breaks down will go down.
Nifty has been stronger than BNF today. Since the trend is bullish, it makes sense to enter this trade. 21700 to 21747 market can be sideways. Above 21747, we can see buyers. Target, if bullish, should be 21762 and 21775-21785. Below 21700, we can see bearishness. The target should be 21689. I'm leaning towards bullishness with the multi-day trend - today is...
Nifty important levels to watch are as follows 📍 Support: 21325 📊Sell below: 21325 only on 15 minute candle closure below the level. 📉Target 1: 21280 📉Target 2: 21220 📍 Resistance: 21395 📊 Buy Above: 21395 only on 15 minute candle closure Above the level. 📈Target 1: 21440 📈Target 2: 21500 ⚡⚡ Remember each level will act as a support and resistance...
Nifty important levels to watch are as follows 📍 Support: 20980 📊Sell below: 20980 only on 15 minute candle closure below the level. 📉Target 1: 20900 📉Target 2: 20790 📍 Resistance: 21090 📊 Buy Above: 21090 only on 15 minute candle closure Above the level. 📈Target 1: 21160 📈Target 2: 21240 ⚡⚡ Remember each level will act as a support and resistance...
Nifty important levels to watch are as follows 📍 Support: 21430 📊Sell below: 21430 only on 15 minute candle closure below the level. 📉Target 1: 21380 📉Target 2: 21300 📍 Resistance: 20505 📊 Buy Above: 20505 only on 15 minute candle closure Above the level. 📈Target 1: 21550 📈Target 2: 21630 ⚡⚡ Remember each level will act as a support and resistance...
Nifty important levels to watch are as follows #Support: 21360 Sell below: 21360 only on 15 minute candle closure below the level. Target 1: 21280 Target 2: 21150 #Resistance: 21455 Buy Above: 21455 only on 15 minute candle closure Above the level. Target 1: 21500 Target 2: 21570 Target 2: 21700 => # Remember each level will act as a support and...