Nifty Analysis Recap from yesterday: “On the 1hr chart we are almost at the center point of the orange lines (support and resistance) i.e. 19562 and 19786. Nifty has to either fall below or rise above one of these lines to make the big move. Personally, I prefer if it breaks the support and falls to the 19470 levels by tomorrow. As long as Nifty does not do that...
Nifty important levels to watch are as follows #Support: 19650 Sell below: 19650 only on 15 minute candle closure below the level. Target 1: 19590 Target 2: 19490 #Resistance: 19720 Buy Above: 19720 only on 15 minute candle closure Above the level. Target 1: 19780 Target 2: 19850 #Remember each level will act as a support and resistance individually so...
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
Nifty important levels to watch are as follows #Support: 19660 Sell below: 19660 only on 15 minute candle closure below the level. Target 1: 19590 Target 2: 19495 - 19500 #Resistance: 19720 Buy Above: 19720 only on 15 minute candle closure Above the level. Target 1: 19780 Target 2: 19850 #Remember each level will act as a support and resistance...
Hi Peeps, Sharing my positional analysis on Nifty. 20,222 is short term top & marks end of 5 wave up. We have now entered in correction mode & quite near to completion of A leg & henceforth , nifty will look to take support in the range 19,600 - 19,588. We, will look short term bounce in B ( typically 61.8% -50% of A) ; will update once A ends in thread. Late...
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 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 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...
1. We got ATH closing on 11 sep 2. Trend - Bullish confirmed 3. Probable target 20700+
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...
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. ...