Any hourly closing above 22461 then 📈 📈 to ( 22561 -- 22586 ) Closing below 22419 in any hourly will be 📉 📉 ( will update if it breaks ) 22453 --- 22461 ( Sideways) No trade zone Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
NIFTY Intraday Trade Setup For 24 Apr 2024 Bullish-Above 22450 Invalid-Below 22400 T- 22665 Bearish-Below 22340 Invalid-Above 22390 T- 22140 NIFTY has closed on a flat note today. Index opened with a 100 points gap up and then index turned sideways. 10 o'clock range was to be used as per trade setup but index did not break and traded within a tight range of...
The index for last 2 trading session is consolidating in a range between 22350-22480 and is sustaining above the moving averages. A halt candle has been formed after a gap down opening which signifies that the market may give a trending move in coming days. The drop in the VIX has killed the option premiums and there was option buyers are waiting for a buying...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "For tomorrow we wish to start the day with a neutral stance and look for bullish opportunities as soon as it reaches for the 22519 levels." Another flat day, but the options premiums were not behaving as usual. The blame may be on VIX as the premiums were dead low that even a small 50+ points move created a...
Hourly closing below 22392 then 📉 📉 22326 and 22275 ( marked on the chart ) If closes above 22403 in any hourly then 📈 📈 to 22562 Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Expecting nifty might fall after reacing around 22600 ... Chances to fall to 22000 by CRI FINANCIAL INSTITUTE.... >>>>> REDDY JAI GANESH
Nifty is near resistance area - 22390 - 22400 for 2 reasons, In charts its at reversal fib level of 0.618 and in derivatives data showing more call writers in Nifty and BN Index and in most of the BN - bank derivatives. I am not sure how index is going to fall in next 2 to 3 days remaining in this April contract. Either fall will be steep and faster or else break...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "I strongly think it was an intense short covering that fueled this rally and hence does not wish to alter my bearish stance. If we get past 22295 on Monday or Tuesday, I would change the stance to neutral." Nifty snaps out of bearishness by breaking the 22295 resistance. Even though we had an unusual...
Nifty has been trading in the bearish zone and might be this is the retest as it has closed around 61.8% fib level. Market has taken support from the previous low of around 21800 and recovered closing around 22300 levels. There was a consolidation after a gap up opening and it closed around the opening price. If the market gives a gap down opening, there will be...
22245 -- 22312 ( No trade zone ) Any hourly closing below 22245 then 📉 📉 to 22191 and ( 22087 pending target) If it rejects from 22312 also applicable 1hr closing above 22312 then 📈 to 22375 -- 22400 Any hourly closing above 22400 then bullish 📈 📈 to 22563 (24th April) Disclaimer: It's a personal view not a financial advise and I assume no...
NSE:NIFTY as per EW on hourly charts is suggesting that terminal 5th pattern is ongoing. Short term correction is going on downside in form of wave 4 of Terminal pattern and then wave 5 can start which can be the final rally, you can also call it as a pre election rally before a major top is in place for 2024. A meaningful top can be form after summer solstice...
Nifty and BN doing SL hunting and Nifty is reversing and trend - bearish resuming from reversal point and strong resistance area... I am expecting bigger fall today and this week. if world equity and HDFC Bank support fall will be fast.
Friday 19th april nifty price ended at resistance line with out giving any indication whether price will get rejected or resistance line will be broken for further up move. In my view till resistance line holds price to test the support area and in my view more chances of breaking and moving below is more possible.
Island Reversal, A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend. Rsi divergence implies a change in relative strength as compared to price movement. The price has come out of the regression channel. Probably we are in the 4th wave, which means we have completed the top of the...
Its an mixed bag view for nifty for few weeks as of now, its creating head and shoulder pattern in daily chart, in weekly it has created a shooting star at the top! these are bearish signs. for this bearish view to get negated nifty needs to close above 22620 level. along with this on short term it looks like nifty will touch 21350 odd levels in the coming week...
"Good morning, friends! Here are the directions for April 19th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be open....
"Good morning, friends! Here are the directions for April 18th: Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction. On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...
Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall. In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades. It trading below the 20 ema (daily) and may come to retest the...