Nifty after a gap down opening due to the global cues remained in a narrow range and closed 140 points lower taking support around 19500 levels. On the daily charts, it has formed a doji candle and is still trading below the 20 ema. On the hourly charts, market opened below both the moving averages and tested the 20 ema. It took resistance from the levels and...
Nifty has formed a perfect doji on the daily charts after testing 61.8% fibonacci levels. It is trading below the 20 ema. The market has given a nice fall after forming a new ATH and is now giving a consolidation. On the hourly charts, it has closed below both the moving averages and is taking resistance from 200 ema. There are chance of a cross over. There was...
Nifty Analysis Recap from yesterday: “For Monday I wish to maintain the same 50% neutral 50% bullish stance. And wish to go short if 20100 level is getting taken out.” . Nifty was not neutral today, had a negative bias, but did not fall below 20100 to go short. On Friday SPX closed -1.22% down sending a strong negative message, but it seems like our markets...
Nifty has formed an inside candle on the daily charts and has closed 76 points higher near the previous day high. It gave a bullish move and consolidated in the second half while banknifty kept on moving higher and higher. It is already trading near the ATH and tomorrow being a weekly expiry there can be a retracement on the chart. On the hourly charts, there...
Nifty after a gap up opening gave a selling and closed below the 20 ema and has formed an engulfing candle. On the hourly charts, after the first hour is came for selling and continued the sell off, closing 57 points lower near the support level and below both the moving averages. Global market are too trading in negative and if nifty starts trading below 19250...
Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels. Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week. On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been...
Market are very volatile and is killing profits for option buyer. Today's market was good in the first half as it gave a nice bearish movement but got jittery in the second half. Being expiry, no trending market was seen even in the closing hour and nifty closed 90 points lower forming another lower wick rejection doji. On the daily charts, market is seriously...
Market remained in the same range as yesterday and killed option buyer. Nifty for 2 days have been range bound. Today range was 19630-530 and in the second half of the session market remain silent. On the hourly charts, nifty took support from 20 ema and closed above both the moving averages. After a gap up opening market came for selling and reversed after...
Nifty has formed a doji and trade whole day in a range of 100 points. The market is following a rising wedge channel and today has given closing above 20 ema. On the hourly chart, it has closed above both the moving averages. There seems no opportunity for option buyer. Market opened gap up and remained volatile. Fight between buyer and seller couldn't take...
After a halt candle, market has given a nice fall in this week and recovered some points after a gap up opening. Nifty has closed 130 points lower this week forming a dragon fly doji on the weekly chart. The market fell for 3 days and tested 19300 levels after making a high of 19800 this week. The market is creating a bull trend and this is a healthly...
Nifty Aug Series Expecting Low is done today (03.08.2023) 19296 Day low is hold not closed below today low then Possibility bullish to side waves Note: Not close below day low Note:Educational purpose only .
Infra space is looking strong and charts shows inverted H&S of 120 points. Target 175-200++ SL 125
Nifty close below its tweezer top candles low & negative divergences also play its role. Now, tomorrow is expiry & USA voting for debt celling & it's result out by tomorrow morning before opening of our markets between 7am-8am. Let's see how market behave on those results if something negative outcomes then we can see sell off below 18460 levels
follow levels and trade according to it . there is a high chance that nifty will open same area where it left off.
After a continuous Reversal Structure Nifty has formed W kind of Bullish Structure , i consider this as reversal . any how wait for swing high to break to confirm the Bullish behaviour in the Market.
Nifty 50 has format head and shoulders and turn on daily timeframe also retesting previous trend line on last trading day of first week of March if recent bottom of 17,300 is broken then we can see damage towards towards 17,000 and 16,500 in upcoming days. Once investor should book profits on index and wait for the value buying at 12,500 to 13,500 feet price...
Nifty is standing just inside a strong resistance of 17976. if nifty moves above 17976 then it may also cross 18020 and may reach to the level of 18067. between 18067 to 18111 is an Extremely strong resistance. if nifty crosses over 18111 then it may reach to the level of 18160. if nifty moves down below 17926 then it may also cross 17880 and may reach to the...
Nifty is standing just below a strong resistance zone of 17635 to 17684. if nifty moves above 17684 then it may also cross 17731 and may reach 17780. between 17780 to 17829 is an Extremely strong resistance. if nifty crosses over 17829 then it may also cross 17880 and may reach 17926. if nifty moves down below 17586 then it may also cross 17535 and may reach...