NIFTY has been moving in the parallel channel, as has been marked on the chart. NIFTY has 200 EMA support downsides, which have not been tested once. Now, there are only 2 possibilities: it stays in the above channel, and it will be going high and touch the upper channel and face resistance there. But if it stays in the lower channel, then it will surely touch the...
The FASP for Nifty is listed for 22-12-2023. 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 important levels to watch are as follows 📍 Support: 20980 📊Sell below: 20980 only on 15 minute candle closure below the level. 📉Target 1: 20900 📉Target 2: 20790 📍 Resistance: 21090 📊 Buy Above: 21090 only on 15 minute candle closure Above the level. 📈Target 1: 21160 📈Target 2: 21240 ⚡⚡ Remember each level will act as a support and resistance...
Nifty important levels to watch are as follows 📍 Support: 21430 📊Sell below: 21430 only on 15 minute candle closure below the level. 📉Target 1: 21380 📉Target 2: 21300 📍 Resistance: 20505 📊 Buy Above: 20505 only on 15 minute candle closure Above the level. 📈Target 1: 21550 📈Target 2: 21630 ⚡⚡ Remember each level will act as a support and resistance...
The FASP for Nifty is listed for 19-12-2023. 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 important levels to watch are as follows #Support: 21360 Sell below: 21360 only on 15 minute candle closure below the level. Target 1: 21280 Target 2: 21150 #Resistance: 21455 Buy Above: 21455 only on 15 minute candle closure Above the level. Target 1: 21500 Target 2: 21570 Target 2: 21700 => # Remember each level will act as a support and...
As we discussed yesterday, Nifty moved sideways. It gets rejected from the 21500. OI shows its preparation for the bearish move, as we can also see on the chart. I am expecting it to touch again, make the double top, and then come down. Reasons : OI has PCR 0.96, which is bullish. But there is a huge CE writing on 21400, 21450, and 21500, which shows that a...
Nifty important levels to watch are as follows #Support: 21360 Sell below: 21360 only on 15 minute candle closure below the level. Target 1: 21280 Target 2: 21150 #Resistance: 21490 Buy Above: 21490 only on 15 minute candle closure Above the level. Target 1: 21570 Target 2: 21700 => # Remember each level will act as a support and resistance individually...
As we have been discussing, Nifty has bullishness, but as we see the last day, 15 minutes, it has given a selling candle with high volume pressure. It might take a little rest and sideways consolidation. But OI data still shows bullishness with PCR 1.45. we can expect a more bullish move on nifty. Reason: PCR 1.45 (very Bullish) RSI 75 shows a very...
hi guys, Lets wait for a breif movement for breakout on upside or on down side based on the levels ,and we can see all the inside candles in the big red bar which is a harami and guys this a 1hr time frame so patience is the key and mostly avoid to take trade in first 1hr candle of market opening . disclaimer- this is not any investment call or idea , this...
"Good morning, friends. Directions for December 14th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a significant gap-up start, creating uncertainty about its exact opening position. Here's the basic structure: if the market breaks the immediate...
Good morning, friends. Directions for December 13th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a neutral to slightly gap-up start. Structurally, it's a range market. However, if the market breaks the immediate resistance with a solid structure, then...
As we discussed yesterday, Nifty gave a breakout to the downside and took support near 20850. but as the pressure of the selling was quite good, the volume increased at each candle after the Breakout. We can expect more fall tomorrow. Reasons: RSI < 40 (Bearish) Bearish engulfing candle at Day-Timeframe. And it's forming at the all-time high top of the...
Nifty important levels to watch are as follows #Support: 20930 Sell below: 20930 only on 15 minute candle closure below the level. Target 1: 20885 Target 2: 20850 Target 3: 20800 #Resistance: 21010 Buy Above: 21010 only on 15 minute candle closure Above the level. Target 1: 21050 Target 2: 21095 => # Remember each level will act as a support and...
I am Looking next move in this form in upcoming days.. lets see how it forms ..
As we have been discussing in our last post, NIFTY's bullish momentum has performed as we discussed. Now, NIfty is facing resistance, as can be seen on the chart. It's still forming a higher High. But it is not able to make a higher LOW, which shows the weakness in the bullish trend. In the OI data, we can see that 21000 is showing huge resistance. I am expecting...
🐂 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