🐂 Market Outlook 📈 NIFTY continues its upward trend, while Banknifty indicates signs of profit booking. 📊 Chart Analysis: NIFTY exhibits a hanging man, while BANKNIFTY shows a bearish engulfing, suggesting a potential pause or dip. 📈 Open Interest: Option chain remains neutral with support at 20900 and resistance at 21000. 🔄 PCR (Put-Call Ratio): PCR at 0.8...
Hey there i am sharing my insight on nifty for another possible bullish scenario from here as we can see we are making and descending wedge pattern which usually a bullish sign What we have to wait for?? Is just we need volume at the time of breakout unless it will be just a fakeout
As we discussed in the last analysis, nifty has moved to a bull target. Now, it's trading at its all-time high. Can it go further high? Option OI data shows it's heavy bullish. Bulls have made heavy PE writing on 20600 and 20500. on the upside, bears don't have much of a position. It seems either it can go upside down or it might go sideways. There is no Bear side...
This research is based on the past data and rend of the market how the react at that points/ levels. we are considering days wise research, Valid for upcoming days (whole Novemberand mid of December2023)*until unless any big movement in market, leave 1 new high in market 20450-500 level 2 20250
- As you can see that, Nifty has broken ATH - Market Sentiment and Technical Indicators are positive - Momentum is Positive and Trend has strength However, DO NOT EXPECT a straight Move towards 22K / 23K - Nifty must consolidate for few weeks which will serve as a Base for Next Up Move - Weekly Highs will act as a Resistance - MACD to regain the Bullish...
"Good morning, friends🌺! As of December 1st, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up, considering the GiftNifty value at +70. After that, if the market sustains the gap up or consolidates, then we can expect a rally continuation. On...
Nifty has been on an excellent bull run with good pullbacks and retracements for well over an year now. Today , Nifty reclaimed 20000 mark once again and the real question is what will happen next? In this educational article, lets decipher what is likely to happen in the month of December. Analysis using Fibonacci Retracement: Here is a snapshot of...
The FASP for Nifty is listed for 30-11-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
nifty has completed 5th point of Elliott wave so now we can expect a small correction for down trend
As we discussed yesterday, nifty broke the triangle range area and moved to the bullish zone. Now, it's likely that the momentum will continue to the upside till the next resistance level of 20000. Reasons: RSI break level 60 to upside now in bullish zone. (Bullish) Triangle breakout to upside target is hight of the trangle. (Bullish) Price > EMAs...
Nifty could possibly hit 19924 on 20th Nov (above marked in the chart ) Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
"Good morning, friends🌺! As of November 28th, there is no significant difference in the global and our local market sentiments compared to the last session. The global market sentiment remains bullish, as indicated by the Dow Jones. However, our local market shows a moderately bearish trend. It might open with a slight gap-up or a neutral start, considering the...
Nifty has been consolidating in a triangle pattern, which is a continuation pattern. It will be sideways by the time it is inside the pattern; if it comes out of it, there is more chance that it will break upside. Once it breaks to the upside, make the entry; once it gives a little retracement, it can give a really nice bull target. Reasons: Ascending...
Bearish Signals on NSE:NIFTY : Technical Analysis Points to Potential Downtrend Ahead As the markets navigate through a sea of uncertainties, the NSE:NIFTY , a key benchmark index, is currently showing signs of a potential downturn. Traders and investors alike are closely monitoring the technical indicators, which are flashing bearish signals that may indicate...
Nifty important levels to watch are as follows #Support: 19785 Sell below: 19785 only on 15 minute candle closure below the level. Target 1: 19730 Target 2: 19640 #Resistance: 19835 Buy Above: 19835 only on 15 minute candle closure Above the level. Target 1: 19880 Target 2: 19930 => # Remember each level will act as a support and resistance individually...
Nifty Today Analysis Recap from yesterday: “I wish to continue my neutral stance till 19875 is not broken out above which I would go bullish. For a bearish stance, Nifty will have to take out the 19562 support.” 5mts chart link - click here The opening minutes gave the impression that 19875 would be broken for good, but that firepower did not last. By 10.00...
"Good morning, friends! As of November 23rd, there is no significant difference from the last session. The global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderately bearish trend. It may open with a slight gap-up or a neutral start, as the GiftNifty indicates a value of +10. After that, even if the market...
Nifty Analysis Recap from yesterday: “One thing is for sure, we would need BankNifty to fire up and reverse course for any further bullish stunts by Nifty. There is no way Nifty can do it without the support from the Banks. I would prefer to maintain my neutral strategy till we take out the 19875 levels. On the downside, I would prefer to go short if 19562 is...