Nifty is looking strong on the weekly charts and the recovery on the last trading session is looking positive too.
It has closed around 38.2% fib level. If the market gap up there are chance of a W pattern above 21480, it can test 21550 levels.
Wait for a hourly candle close above or below the levels. As good intraday targets can be achieved in the...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.”
The open was perfect - a good gap-down followed by selling pressure, but the 2nd candle gave...
"Good morning, friends🌺! As of December 5th, the global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows an extremely bullish trend. It might open with a neutral to slightly gap-down, considering the GiftNifty value at -20.
Regarding yesterday's structure, despite a significant increase during the last...
Recap from yesterday: “I would like to see this as a breakout with a new higher high in the cards. For this to happen, BankNifty has to reclaim its ATH”
5mts chart link - click here
For those long on Friday, it would have been a dream come true. 347pts gap-up open followed by a steady and healthy rally. We ended up gaining 418pts ~ 2.07% today....
structurally, we can anticipate a rally continuation if it breaks today's high. We can expect a correction only if it breaks the 38% level. In the meantime, the market might undergo some consolidation."
Nifty major levels.
Support :- 19830, 19730, 19670
Resistance :- 20010, 20135, 20200
The index has closed above the resistance level of 19850.
There are high chance of market going bullish as the major resistance has been breached.
Wait for the price action near the levels before entering the market.
Its Helpful & Useful For Freshers, Newers & Beginners Of Trading...
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Nifty Spot Price : 19443.5. India Vix Spot : 11.04% -
Nifty Daily Range : 19331 To - 19556
See My Reversal Target Level - Long Wick Is Shown Only. The Reversal Trend Is Activated. OtherWise Leave It. And Achieve The Target Point.
Second By Second Change The...
Nifty has been forming gaps as there are gap up for last 2-3 trading sessions and is trading above both the daily moving averages.
On the hourly charts, the market seems to be consolidating in a range for last 2 days.
A break out can give a nice rally and nifty has more chances than the expiry index tomorrow.
Support :- 19330, 19270
Resistance ;- 19430,...
Nifty after a selling has recovered upto 50% fib levels. The market has formed a baby mother candle on the weekly charts and it still trading below the 20 ema.
Markets are not doing much during the trading hour as there is a gap up and consolidation during the trading session.
On the hourly charts the market has been trading in a range of not more than 60...
Nifty has formed a red candle on the daily charts and is trading between both the moving averages.
It is showing a bearish trend on smaller time frame, also forming a fall wedge pattern. If the market starts trading below 18900, there will be a huge sell off as the low will be cleared and support will be around 18720.
On the hourly charts, the market has been...
Nifty has continued the fall closing 160 points lower and breaking the major support level of 19250.
It has formed another red candle which shows the sellers participation.
On the hourly charts, the market consolidated in the initail hour following a 150 point fall instantly below the support levels.
Now the market trend is good for a bearish traders and option...
Nifty has given a nice fall on the daily charts and took support from the major support range of 19230-250.
There is a nice bearish candle on the daily chart and market is trading below the 20 ema. Chances are of market testing the 200 ema.
On the hourly charts, there was a consolidation in the first half of the market and in the second half the market fell of...
Nifty has been taking support around the round figure number of 19500 and has formed a kind of tweezer top on the weekly charts.
The market has been volatile and still confused in deciding the trend.
It has closed below the 20 ema on the daily charts. There is an inside candle or a halt candle after a gap down opening.
Market has been consolidating in a range...
Nifty on the weeekly charyts has given a nice bullish candle and has closed around 100 points higher.
After the gap up opening on Monday due to the international news it recovered and took support from 50% fibonacci level.
It is holding the higher levels but is still trading below the major resistance level of 19900.
On the daily charts, there are gap up and...
What a weekly expiry this has been?
Nifty on the weekly expiry remained a 50-60 points range and closed 19 points lower.
On the hourly charts, the market remained in the first hour candle and closed above both the moving averages.
Today expiry was for option seller and total time decay was the gain as there was no opportunity for the option buyer.
Nifty held on to the higher levels while banknifty gave away the points after a gap up opening.
It gained some points after a gap up opening and consolidated after the first hour move in a 50 points range whole day.
There is a bullish moving averages cross over, on the hourly charts, closing above both the moving averages.
On 15 minutes time frame, market took...
The Marked area's are major support and resistance level for Banknifty Intraday, also called PAM Areas.
When price come to these area we can expect either reversal or breakout from the given area's.
So planning a good trade will occur only in the marked areas, when price is in middle, we have to wait for the price comes to the marked PAM Areas