Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: "For tomorrow, we wish to maintain the bullish stance, but the first test would be the ATH which would otherwise act as a triple top. The moment we get past that, I could remove the M pattern drawn for the period 05 to 12th April." Nifty hit a new ATH @ 22794.7, but it did not sustain and soon we gave up the...
Nifty opened with a gap-up and after making a high near 22800 in first hour we saw a crash. We posted a sell idea on Tradingview @ 22780 - 22800 for intraday and traders made great profit in Nifty puts today. For Monday, we are not looking for a buy and will see sell on rise opportunity. If Nifty sustains below 22440, we may see 22400 and below marked levels on...
( 22279 pending level ) Hourly closing above 22699 then 📈 📈 ( 22737 -- 22800 ) Any rejection from 22699 then 📉 📉 could test 22561 1hr 🕯 closing below 22518--22561 then 📉 📉 ( 22396 -- 22279 ) Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Nifty failed to break 22780 zone so double top holding strong now resulted in selling by all players.
Good morning, friends! Here are the directions for May 2nd: The global market is still maintaining a moderately bearish trend, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +30. structurally there is...
Nifty & BN is already strong and in bullish trend only. Any supportive news from US tonight related to Fed decision and FOMC statement could easily take Nifty to next level of 23000 very soon, Tomorrow gap can be expected too. Conditions apply - US news and support confirmation in charts.
22662 -- 22715 ( No trade zone ) Possibly Range bound Any hourly closing above 22715 then 📈 📈 22771- 22871 Closing below 22662 in any hourly 🕯 then 📉 📉 22530 Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Good morning, friends! Here are the directions for April 30th: The global market is still maintaining a moderately bearish trend, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +20. Structurally, Nifty doesn't have...
22501 -- 22481 (No trade zone) Any hourly closing below 22481 then 📉 22376 -- 22236 Closing above 22501 in any hourly 🕯 then 📈 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Thanks to ICICI , SBI and Axis leading BN and RIL & TCS leading the Nifty and driving the positive move. Clearly after Middle east issue cooling down its positive for equity, added with Election mood and supportive results from few major companies. And thanks to limited negative results.
with ICICI declaring very good numbers and also in charts ICICI Bank showing upper levels in coming days and weeks for sure. Already HDFC Bank is showing support, Axis is positive and now ICICI given very good results. I only see CE Buy in Bank Nifty and this will support Nifty as well. Do not short Indian markets right now. In my view both Bank Nifty and ICICI is...
NSE:NIFTY as per EW on hourly charts is suggesting that terminal 5th pattern is ongoing. Short term correction is going on downside in form of wave 4 of Terminal pattern and then wave 5 can start which can be the final rally, you can also call it as a pre election rally before a major top is in place for 2024. A meaningful top can be form after summer solstice...
As we discussed the market in the live session, it was bearish. After that, it gave a nice fall. If we look at the chart now: Price is Making continuous HH and is not able to make HL. Price is taking support at 200 EMA. This level is also fibbed at 0.23 level, which is considered with 200 EMA, making it a good support zone. 22374 is also a good price...
If 2:15 candle sustains above 22472 -- 22488 then there could be a shortcovering 📈 📈 📈 to above levels marked on the chart If hourly candle closes below 22488--- 22472 then 📉 📉 ( 22372 -- 29th April) Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Hourly closing below 22563 then 📉 📉 22488 --- 22472 If closing below 22472 in any 1hr candle then 📉 22372 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: "For tomorrow, we wish to maintain the neutral stance and look for bearish opportunities if 22295 is getting broken. If the index moves up, 22519 would be our first level to watch for." Kotak Bank started the day with cuts of -10% due to the RBI news impact from yesterday. The spillover effect was visible on...
22448 -- 22476 above sustains in any hourly candle 🕯 then 📈 📈 to 22561 -- 22598 22351 -- 22316 below Closing in hourly then 📉 📉 to 22229 -- 22159 22316 to 22476 ( No trade zone ) Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Any hourly closing above 22461 then 📈 📈 to ( 22561 -- 22586 ) Closing below 22419 in any hourly will be 📉 📉 ( will update if it breaks ) 22453 --- 22461 ( Sideways) No trade zone Disclaimer: It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.