Nifty important levels to watch are as follows
#Support: 19880
Sell below: 19880 only on 15 minute candle closure below the level.
Target 1: 19815
Target 2: 19740
#Resistance: 19920
Buy Above: 19920 only on 15 minute candle closure Above the level.
Target 1: 19970
Target 2: 20040
#Remember each level will act as a support and resistance individually so...
Nifty important levels to watch are as follows
#Support: 19720
Sell below: 19720 only on 15 minute candle closure below the level.
Target 1: 19660
Target 2: 19590
#Resistance: 19760
Buy Above: 19760 only on 15 minute candle closure Above the level.
Target 1: 19820
Target 2: 19890
#Remember each level will act as a support and resistance individually so...
Nifty Weekly Analysis
Nifty has fallen 354pts ~ 1.76% between the last expiry and today. Interestingly the price action on 15th and 18th stands out as an isolated island. Almost 90% of the fall came in the last 2 days which has even changed the sentiment.
Nifty Today’s Analysis
Recap from yesterday: “For further down move we need that gap to be taken out on...
Nifty Analysis
Recap from yesterday: “On the 1hr TF, I will be quite happy if this turns out to be the new top formation. Since the 20100 level was not taken out today, I was not able to take new short positions. We have a holiday tomorrow, but when we resume on Wednesday — I would really prefer if 20070 is taken out, till then I would prefer to stay neutral.”...
Nifty important levels to watch are as follows
#Support: 20165
Sell below: 20165 only on 15 minute candle closure below the level.
Target 1: 20110
Target 2: 20050
#Resistance: 20225
Buy Above: 20225 only on 15 minute candle closure Above the level.
Target 1: 20260
Target 2: 20310
#Remember each level will act as a support and resistance individually so...
Chart Patterns,
1. Ascending Triangles - Weekly time frame ( March'22 to till date)
3. Retest Previous ATH Level, highlight with yellow color
4. 3 White Soldiers - Weekly time frame, depicts high bullish sentiment.
Nifty to reach 23k in next 12 months.
Nifty Analysis
Recap from yesterday: I wish to stay with the moderately bullish stance for tomorrow as well. Since I am holding a long position my personal preference would be to close above 20167.
We had a good positive day today, the start itself was right at the swing high of yesterday and we built up the momentum from there. The euphoria, FOMO continues...
Nifty Weekly Analysis
Between the last expiry and today Nifty is up an impressive 378pts ~ 1.92%. We really did pick up some directional momentum this week. Almost all the sectors were assisting Nifty hit an all time high in this historic week and conquer 20000.
Nifty Daily Analysis
Recap from yesterday: “I expect the expiry to be above 19989 if we still...
A rounding bottom pattern gets activated if we can get a daily close above 20000 in NSE:NIFTY .
Initiate the long trade as per the levels mentioned on the chart
Stop loss will be on a weekly closing basis.
Trend Analysis :- UP Trend
Chart Pattern :- Bullish rounding bottom Chart Pattern
Technical Indicator :- Positive MACD Crossover
hi guys,
Lets wait for a breif movement for breakout on upside or on down side based on the levels ,and we can see all the inside candles in the big red bar which is a harami and guys this a 1hr time frame so patience is the key and mostly avoid to take trade in first 1hr candle of market opening .
disclaimer- this is not any investment call or idea , this...
Nifty Analysis
Recap from yesterday: “For tomorrow I wish to continue with the bullish stance, although I would like to take some safety net via long PUTS as we have the CPI (Inflation) data coming up this week.”
The opening 45mts saw huge profit taking, few of the candles were deep red sending out a message that it may not just be a profit taking. I usually do...
Nifty Analysis
Recap from yesterday: For Monday I wish to change the status from bullish to 50% bullish & 50% neutral — that’s because I would like to wait for this news flow to get priced in. The euphoria and FOMO alone should drive Nifty50 to new ATHs, however I do not wish to get into new bullish positions till then.
The 50% neutral, 50% bullish stance was...
Nifty Analysis
Recap from yesterday “On the 1hr TF the W pattern worked out quite good. The next 2 resistance points will be 19786 and 19852 if we are continuing the breakout rally. If we were to fall the first support will be the resistance we just broke i.e. 19678 followed by 19581. For tomorrow I wish to continue my bullish stance unless the first support of...
Nifty Weekly Analysis
You may not believe that Nifty has added 444pts ~ 2.31% between the last expiry and today. The bulk of the moves came on 1st Sep and then today.
On the weekly timeframe Nifty just broke out from the bullish flag consolidation formation signalling further fire power ahead. Will the global markets play spoilsport is the only question here.
...
Price is exactly closed in the previous strong fall area.
At the end of the session, the price is showing strong bullishness.
In this bullishness, if buyers exit their positions at this zone...tomorrow it is bearish, continue its move downside.
If this is a bull's continuous move, it will continue upwards and test the bearish gap.
will see in the next session what...
Nifty Analysis
Recap from yesterday: For tomorrow I continue to maintain the bullish stance unless 19450 is broken.
Nifty opened inline today and held its ground till 09.40 after which it started falling. The fall was not quick or scary but gradual and steady. We dropped 112pts ~ 0.58% by 13.35 and went down till 19491 from where we got a massive...
