As we discussed Nifty yesterday, "Sideways in range bullish after a breakout." nifty gave a breakout in the morning and gave a bull momentum. Chart data: The Market has been range-bound in 21500-21750 for quite some time. It has struck the upper range six times now, which makes it easier to break this time. OI data: OI data PCR = 1.10 indicates...
As we have discussed, NIFTY has been in a bearish structure for the past week. NIFTY ended sideways in the last session, as discussed in our analysis. Now, if we look at the data on the chart, 21222 is hard SUPPORT, and 21450 is RESISTANCE. Along with it, it's making a falling wedge Pattern, which is a bullish pattern. If it breaks to the upside, the only...
According to our past discussion, NIFTY had a bearish nature for a couple of days. It had a nice fall today. If we look at the chart, it has broken the HNS Neck to the downside with huge volume pressure. The market might continue to be bearish in the coming days. If we look at chart 21025, the next support point can be set as target 1 and 20791 as target 2...
NSE is running special trading sessions to test the disaster management platform. There is no compulsion to participate in the trading for today. But if you wish to, here is the analysis that you can follow. Nifty Broke went to the downside but quickly recovered and came back inside the descending triangle pattern (Trend continuation pattern). Yesterday, It felt...
As we discussed NIFTY yesterday, it opened a gap down, and then buyers showed a nice momentum to the upside but sadly could not hold it. Support became the resistance and resulted in a sideways. If we look at charts now, 21380 provided massive support in that region. so now the market has created a range in 21380-21500. A break in the range will decide the next...
"Good morning, friends! Here are the directions for January 18th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a bearish trend. It might open with a gap-down start, as indicated by Giftnifty showing a -160. HDFC Bank's results' impact is still ongoing. Structurally, we can expect a pullback...
As we discussed NIFTY yesterday, "Sideways in the channel if they break to the downside, will turn BEARISH." It opened the downside and gave a very nice bearish moment. For tomorrow, if we look at the chart and OI data, it's a very bearish situation. if we look into OI data PCR = 0.55(weekly) and 0.80(for next week included.) that means monthly is still...
As we discussed NIFTY yesterday, it will be going 22100, and then it will settle there. The market did reach the level, and then, because of resistance there, it reversed back. Again, took support is at a day's low. If we see selling candles had a higher volume than buying candles. That shows the market will be turning bearish soon. We have marked a zone of...
As we discussed yesterday, "it will reach 22100, and then it will face resistance there". If we look at the chart data right now, It has touched 22100. also, right now, it's trading at the resistance trendline, which will provide resistance from here. According to OI data, PCR = 1.51, which is super bullish. On the upside, there is no resistance. All levels have...
As we discussed, NIFTY would be "Sideways unless it breaks the range to either side." on Friday, it broke to the upside and gave a really nice bullish rally. People who Bought CE or sold PE might have made good money. For tomorrow all important levels have been marked on the chart. If we look right now, it's trading ALL-TIME-HIGH, which might lead to a 22,000...
As we discussed, Nifty has been moving in a sideways range-bound market in the range of 21500 and 21750. also, today, it took very nice support from 200 EMA and activated buyers. But once it's moving in the range, it could not be better for option buyers. Right now, the only you can do is option selling with IRON CONDOR. If we look at OI, we can see PCR = 0.7,...
Today Nifty opened flat and we saw a sharp down move towards 21450 but it didn't sustain below 21470 which was our sell level, after consolidating near 21500 - 21470 support zone we saw a good rally in afternoon session. For tomorrow, if Nifty sustains above 21640 we expect to see upside towards 21680 and upper marked levels. On the down side, Nifty has to break...
The FASP for Nifty is listed for 10-01-2024. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. For more technical analysis and...
Today Nifty opened flat and remained in a range for first half. After 1:30 it broke range, went above our buy level 21760 and 2 targets on buying side were done. We updated about the important resistance level of 21850, in last week analysis and today we saw good rejection near that level. For tomorrow, if Nifty breaks 21670 on the downside we expect to see 21630...
As we have discussed, Nifty has been moving upwards in the channel. It was trading up on the channel. But yesterday, in the last 30 minutes, the fall was very strong. It might be the clear-cut signal of the Bearish market ahead in the week. Reasons : It has been traveling in the bullish channel side. The fall was sharp, indicating the power for bears is...
Greetings, fellow traders! As we bid farewell to 2023 and welcome 2024, I want to wish you all a very Happy New Year. 🎉 What a year it has been for us! We have witnessed some incredible highs and lows in the market, and we have learned a lot from our successes and failures. We have also grown as traders, honing our skills and strategies, and adapting to the...