On daily time frame nifty trading almost near the resistance level of falling wedge pattern. Expected breakout of this level. After breakout if nifty sustain above 17750 level then possible strong upside rally upto 18600 level and this can be extend upto 20350 level in short term period. Downside can place stop loss at 17200 level for this long side...
From 15511 an impulse wave is started and in that impulse wave iii is not extended(means projected less than 161%) that is why wave v should be extended as per the rule of alteration. So wave v started from 16438 is extended after breaking above 17205(61% projection of wave v). Now Nifty may decline towards support range 16948-16675 from given resistance range....
Nifty is forming in a descending parallel channel. Prices are building corrective pullbacks to manage demand pressure and fall from resistance since the start of the correction. Nifty has created a lower low at 15183 and given an upward move of 15927 .
Nifty has faced supply pressure on the upper band three times. It indicates that bulls are not exceeding...
Good Morning!
Just as we had stated yesterday about witnessing volatility in the Market, similarly we did witness the same in the Yesterday’s Trading Session. Wherein, Nifty showed us a beautiful recovery during the last trading hours, and ultimately gave us a positive closing. Which altogether indicates a good sign.
Moreover, it seems like Nifty is somehow...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Good Morning!
Finally, Nifty managed to give us a positive closing of above 17700, yesterday. So yes, with the positive market sentiments, the index is doing quite good, along with the support of FII‘s significant buying.
Therefore, as of now Sell on Rise as per your risk appetite, will be the preferred strategy, in the case of already accumulated stocks that...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Nifty has been creating gaps and is running higher and higher.
The markets are opening gap up and consolidating. There is no intraday trades in the market for a while.
Option selling seems to suit in this kind of a market as option buying can cause a serious damage to the funds.
The market has given a close above 17800 and on the hourly analysis, market tried...
Good Morning!
It is being observed that currently, the index is facing a lot of Resistance at around the stated level of 17700.
As a result of which, the index can take a little pull back here. Also because there are chances that this week can be a little dull for the bullish players. However, even if that happens, do not worry. Since, we are still with our...
Nifty on the weekly time frame has been following a resistance zone, this is the fourth time the zone is being tested.
The market on the daily time frame is consolidating and a trending market is pending, if the market crosses the resistance zone it can touch the new highs. Wait for the daily candle to close above the levels.
On the 15 minute time frame, the...
Good Morning,
Just as we had stated yesterday, similarly we did witness a gap up opening in Nifty, yesterday itself. Wherein, Nifty did manage to cross over above its stated Resistance level of 17700, but somehow couldn’t sustain above it on a closing basis.
Moreover, along with the Index most of the stocks can be found near their respective Resistance levels,...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Good Morning,
The level of 17700 now becomes our next expected resistance level in Nifty.
Besides, an upcoming long weekend in the Indian Market can somehow create a pressure on the stocks now. So, if in case there is any gap up opening, then we must use the opportunity to go for profit booking in the already accumulated stocks that are generating some return...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
Good Morning!
Just as we had stated on the last trading day, about the necessity of Nifty crossing over above 17500. Fortunately, we did observe a beautiful breakout and a closing of above 17500 on a day basis in Nifty. Which was again, quite a good sign. Otherwise, if Nifty was unable to do so, then we were expecting to witness a pull back.
But, as the market...
Nifty is at major resistance (R3) area.
for a breakout, we need some confirmation. Support levels are marked in blue color. Seeing the previous chart pattern market may correct.
so please keep eye on stocks XX times volatile with Nifty.
