Today there was a nice fall in the indian markets and nifty has given closed 140 points lower forming a nice bearish candle. It has closed below the 20 ema which is round 19700 level. There are chance of nifty holding the market as there was less fall in the index as compare to banknifty. On the hourly charts, it has closed below both the moving averages and...
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. On 15...
Nifty on the weekly time frame has fromed a dragon fly doji after retesting the 20 ema. There is a gap up opening after tested 19350 levels and has closed around the 20 ema on the daily charts. On the hourly charts, the market has closed around the 200 ema. Though, the markets are opening gap up but there is no follow through in the direction. Nifty last week...
The market are in a volatile mood and after an initial move it is holding on the levels creating less opportunities for option buyers. This week's expiry remained volatile and on the daily charts, nifty is trading below the 20 ema. It has formed a doji candle after a gap up opening. On the hourly charts, market has remained in a range and consolidated in a 100...
Nifty Analysis Recap from yesterday: “The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.” The...
Nifty Analysis Recap from yesterday: ”I wish to change my stance to neutral as long as we remain between these 2 orange lines. Personally I prefer if Nifty breaks down and retests the August lows by this Thursday.”. The prediction came out exactly true, but the trading results today were not satisfactory. Nifty stayed in a very tight range today with no...
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 given a nice marubozu candle on the weekly time frame with a good volumes. On the daily time frame, there is a RSI divergence and there is a good volume on the closing day. There was a gap up opening and it consolidated whole day taking resistance from 20200 levels and closed 89 points higher. On the hourly time frame, the market is still sustaining...
Nifty consolidated on the weekly expiry after a movement in the opening hours. A doji candle has been formed on the ATH and after a nice upmove there will be a retracement or side ways market. It has closed around 20100 levels and there were no opportunities in the second half of the trading session. On the hourly charts, nifty tried to test the 20 ema but...
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...
After a gap up opening, there was a profit booking and market consolidated as it has already stretched alot and it may take a halt or market may become volatile. On the hourly charts, there was profit booking in the first hour and market remained inside the candle whole day closing almost flat. Nifty has hit a new ATH and there should be a halt or a retracement...
A new ALL TIME HIGH for Nifty today. The market were looking bullish from the very first minute and finally crossed the 20k level in the last hour of the trading session. Nifty has travelled to 20 k levels from 19300 levels and now it can take a halt before crossing the level. It has formed a marubozu candle and has closed near the round figure level. On the...
Nifty has given a nice bullish move of 2% on the weekly charts and has closed above 19800 levels. There is a nice bullish marubozu candle on the weekly charts and it has come after a consolidation. On the daily charts, market hit our targets on 19850 and reversed after hitting the target and has closed 92 points high forming a doji candle on the high. Nifty...
The market finally has given a nice trending move and has closed 116 point higher. On the hourly charts, nifty took a slight pull back and started moving in the upward direction slow. During the second half it gave the break out and travelled, finding resistance around 19730 levels. A nice bullish candle on the daily charts is showing some positivity and if the...
NIFTY : Current Market Price - 19618.9. OPTION BUY : 19550 CE & 19550 PE EDUCATION PURPOSE ONLY.
Nifty gave a nice move and the last hour candle gave a nice up move after showing some selling in the market. There is a bullish engulfing candle on the daily charts and market is looking bullish as it has closed near day's high. On the hourly time frame, the market tested the 20 ema and closed above both the moving averages. The volume of the last hour are...
Nifty for last 2 days is forming a dragon fly doji after a gap up opening. The market after the opening is coming for a selling and than move slowly in the upward direction. On the hourly charts, it traded above both the moving averages and during the last hour recover giving close 46 points higher. The market has followed the same trend in previous trading...