On the last Friday, we had observed an exceptional day of huge volatility. Where we had witnessed a beautiful short covering within the 1st 4-5 hours of the Trading session and thereafter some profit booking from the Traders.
Well in accordance to the previous Morning Mantra updates, we know that a stable closing of above 15900 is very important...
Since the Last blog on Nifty, we came across plenty of news, including repo rate hike, Fed rate hike, war-related tension, and inflation.
The entire global market reacted to it with extensive selling.
In the Indian market, FII has sold more than 17000 crs of their holding, which is equivalent to October 2021 stats but this month we still have half a month to...
Today will be gap down opening in nifty. Expected opening below 16000 level. After opening if nifty starts trading below 15950 level then expected further downside of 100-200 points in nifty. Any upside movement only expected if it is sustain above 16000 level.
In the yesterday’s trading session, we got to witness a short and a sharp covering from the day’s low of 15990 approx. Not just that but we also very well witnessed a sharp recovery in some of the stocks during the last 2 trading hours of the Market.
As of now, a very beautiful hammer formation (a positive sign) can be seen on the daily chart....
India vix and the market movement showing same volatility.
Markets are moving in both direction.
On daily time frame, moving averages are converging and are close together.
Nifty has tested its crucial support of round number 16k.
Market has closed below its resistance level and in gap up and gap down it doesn't matter.
Support :- 16000,15900
Nifty will open gap down in today's session. After opening further downside upto 16140 level possible. 16140 level will act as an immediate support for today's session. Below this support if nifty starts trading below 16100 level then possible further 100 points downside.
Just as we had stated yesterday, about the chances of the Index taking a bounce back, similarly we did witness the same for almost the entire day, except for the last 40 minutes of the Yesterday’s Trading session.
Certainly it was during the last 30-40 minutes of the Trading session, that the Index took a sharp fall from the day’s high of around...
Nifty has been trading in a range for last 2 trading sessions.
The moving averages are also narrowing down on daily time frame.
Nifty touched its resistance level of 16400 and fell aggressively in the last trading hour getting market in red.
Support :- 16220, 16000
Resistance ;- 16400, 16480-500
Markets are volatile and range bound.
Wait for the price action...
Market is in Bearish mode....
Note: 15 min rule have to follow. Before any position please watch-out Volume & OI.
Codition 1: Gap Down opening
If 16135 taken out & sustain then definetely will see 16024 ....
Condition 2: Sideways open
For long small qty prefer until Gap filled (16423).
For downside we can take based on Money mgmt rule.
Yesterday, we had witnessed a gap down opening in the Index and thereafter an index wise recovery was also observed. However, such a recovery was missing in the case of most of the stocks. Hence, once again, we are in the mood for a stock specific selection even Today.
As of now, with the support zone of 15850-15580 on the downside, and a...
As per the Current Market Scenario, our support zone of 15580-15850 has been activated once again. However, a positive sentiment will be active only after witnessing a stable closing of above 16800.
Moreover, on the basis of the hourly chart setup of the index, we are expecting to witness a formation of an island gap.
Since the Market is highly...
Please have a look into the chart to get all details, I have tried to draw everything as much i found according to my study.
This Analysis has Based on Harmonic Pattern, Fibo & Price action.
Note:- Both Patterns are on Possibility based, can be Invalid. So suggest to focus on the Symmetrical Triangle Pattern and Support & Resistance .
If agree with the...
1. As you can see in the chart, #NIFTY is in LH-LL structure since September 2021. It's a prolonged consolidation and looks like it's going to continue for some more time.
2. Whenever NIFTY has hit channel bottom, recovery has been fast. And whenever NIFTY has hit channel top, it enters bearish consolidation phase.
3. On Friday, NIFTY made a Abandoned Baby candle,...
Nifty seems to be clearly in a downtrend (based on the Weekly chart), temporary holding at its current level due to the LIC IPO and the results of the companies ending of the financial year 2021? But it might be bound to respect its trendline and support soon as we can see here it is approaching it. 15,975 to 15,885 might be the next important support zone as it...
Opened as a Big Gap-Down, below our S@3-Zone. Then went to S@5-Zone and reversed. Market was broken S@4-Zone then went to S@3-Zone. Finally closed near to S@3-Zone.
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