Good morning, friends! 🌺🍬 Here are the directions for June 20th: There are no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open neutral to slightly gap-up, as indicated by GiftNifty, which shows an increase of 10 points (at 8:00 AM). Nifty Analysis Nifty and Bank Nifty structures...
As we discussed, NIFTY traded in a sideways roller coaster with huge volatility inside the provided channel. If we look at the chart now: The market is trading indecisive in a bullish zone. By the time it's in the channel, it's going to be a roller coaster. If the market breaks the channel to the downside, it may lead to a good fall till 200 EMA . Inside...
Closing below 23577 in hourly could be bearish 📉 📉 to 23313 ( It could move upward to HUNT STOP LOSS 23616 ) Any Hourly closing above 23577 -- 23616 is bullish ( chances are low for today ) Disclaimer: It's a personal view not a financial advice and I assume no responsibility and liability whatever outcome arises.
Today we have a small hanging man candle on the top of the trend and with this we have a breakout of the trendline. But still I will go for the Intraday trade, I will not carry any overnight position. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty made a new All Time High of 23,579.05 on Tuesday. The weekly trend (50 SMA) is positive, and the daily trend is sideways. Intraday Support Levels: Near Support/Demand Zone (15m): 23,444 - 23,473 Near Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand Zone (15m): 23,297 - 23,329 Currently, there are no visible supply/resistance zones on the chart.
The price has been following a divergence pattern between rsi and price. Today the price is rejected by the previous candle high. The breakdown of the level 23,334 could start a downtrend. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
After making a new high the price has closed below the trend line. Also the formation of divergence between the price and rsi has formed. The probability of a retest is very high. Disclaimer: This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
Nifty continued its upward journey and made a new All-Time High of 23,664 on Wednesday but closed negative at 23,516. The weekly trend (50 SMA) is positive, and the daily trend is still sideways. Support Levels: Near Support/Demand Zone (15m): 23,412 - 23,470 Further Down Support/Demand Zone (15m): 23,334 - 23,369 Far Support/Demand Zone (15m): 23,232 - 23,268 ...
As we discussed, NIFTY traded in a sideways-bullish zone on the upside with huge volatility in the short range. If we look at the chart now: The market is trading indecisive in a bullish zone. That may lead to a short correction in the market. The market is not going to be bearish unless EMA(13, 50) successfully crossovers. Right now, the market is very...
Nifty Analysis: Previous OI PCR: 1.3 General Trend: Nifty has spent 5 months near the middle of the channel on the monthly chart and is now looking to break out. On the daily chart, since June 10, Nifty has been trading within a narrow 300-point range. From June 5th to 14th, no candle on the daily chart has closed below the previous day’s low. Over the past...
Nifty made a new All-Time High of 23,490.40 on Friday. The weekly trend (50 SMA) remains positive, while the daily trend is sideways. Support Levels: Near Support/Demand Zone (15m): 23,334 - 23,368 Far Support/Demand Zone (15m): 23,297 - 23,329 Far Support/Demand Zone (15m): 23,232 - 23,268 Currently, there's no supply/resistance zone seen on the chart.
Hello Traders, As we can see the nifty still above 50EMA & did not get so much of Force to close it below 50 EMA. As we are going into fresh new trends, This move will be very volatile & very trending. As we have seen from last 2 intra weeks candles range will continue to get this sort of move further. For Positional & swing trades the Best time with great...
As we discussed in the morning, NIFTY traded in a sideways-bullish zone. If we look at the chart now: The market is trading in a Bullish sideways uptrending channel. The market is continuously taking support at 50 EMA. Until Marklet is inside the channel, it's going to be sideways. The market is in the middle of the channel, which might also act as good...
As we discussed yesterday, Nifty spent on an up-trending channel and ended sideways. If we look at the chart now: The market is in the channel right now. If it breaks down to the downside, it will give a nice bearish momentum. Support levels: 23303, 23233, and 23152 resistance levels: 23439, 23481 I am expecting the market: Case 1: Sideways in...
Good morning, friends! 🌺🍬 Here are the directions for June 14th: There are still no significant changes in the global and our markets. They are maintaining a moderately bullish sentiment. Today, the market may open with a neutral start, as indicated by GiftNifty, which shows an increase of 6 points (at 8.00 AM). Both Nifty and Bank Nifty still have the same...
Nifty Stance Bullish ⬆️ Nifty continued to make new highs every other day this week, overall it has been a steady week with very few wild swings. Just compare the swing range of the previous week vs this, and you will understand what I am talking about. The new high is 23481 hit at the open today and then we fell almost 126pts ~ 0.54% , the beauty is that we did...
NIFTY Intraday Trade Setup For 13 Jun 2024 Bullish-Above 23450 Invalid-Below 23400 T- 23645 23850 Bearish-Below 23200 Invalid-Above 23250 T- 22880 NIFTY has closed with 0.25% gain today. It was another overall sideways day as where it opened via gap up, settle at the same place EOD. This week is all about premium adjustment to their values. Tomorrow in case...
Nifty for the last 3 trading session has been forming doji candle around the higher levels. The market is holding the upper levels but is not moving much above the previous day high. Single hourly candle is giving a move and after that there are many halt candles. Sentiments are looking negative as the RSI is showing a bearish divergence and market is unable to...