I am a student of the Market.
I am studying EW Indicator.
So You know that I am not a pro trader.
I like to publish my IDEA about NIFTY50 .
It is a possibility of a Down move in NIFTY50 or Maybe not...!!?
Let's See what happens.....
Dear All,
We can start this New Month on a positive note, as finally Nifty is at its Fresh New High as per the Daily, Weekly and Monthly Chart Basis.
On the Monthly basis, we have observed the beautiful effect of a Morning Star Doji pattern which was seen on the chart of Nifty in the Month of April. Consequently, both May & June had turned out to...
On December 1, 2022, Nifty reached an all-time high of 18,887. However, since then, it has experienced a downtrend. On March 20, 2023, Nifty hit a low of 16,828, which is nearly an 11% drop from its peak within just 109 days. Fortunately, Nifty has recently started moving in an uptrend channel, and on June 28, it broke its previous all-time high. As of June 30,...
Nifty on the weekly time frame has given a 500+ points or 2% up move. It has formed a bullish marubozu candle.
Market has been continuously giving gap up and movement for 3-4 days.
There was a good movement after testing the 20 ema, on daily time frame. Nifty is trading around 19200 levels and forming new ATH.
It can give momentum to touch 19500-700 levels....
🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 3 - 7
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 18465, 18645, 18890, 19190, & 19200.
🔎My outlook:
The outlook for the upcoming week’s trading...
On Daily charts, we observe that a new channel trendline has been adjusted after previous week’s rally and a new bandwidth line between the lower and upper bound has been redrawn too. Last week rally is breakout above bandwidth resistance ( Support point now: 19,042) which will act as a first support moving next week.
On higher levels we can see a rally upto...
Nifty is at ATH, a pull back is due is was everyone is expecting
Therefore, market will not give a pull back and keep hitting SL every time retailer's make short positions.
Trading a pull back could be risky as it will be against the trend.
It's a buy on dip only way to trade in favor of trend.
Nifty opened gap up at 19076 immediately hitting an all time high, that was just the start. Most of the traders were expecting N50 to close the gap and fall to the trading range of the previous day. That did not happen, instead N50 was firing on all cylinders.
The major reason for this thrust in rally came from NiftyIT which ended +2.5% today. IT's strength...
Dear All,
Indeed the previous week was somehow fantastic for the Nifty lovers, as we had witnessed a very positive closing, on the Day as well as Weekly basis at a New high, i.e., at the level of 18826.
Now Since, we are quite near to a Fresh New High, so once again we are very optimistic for this Week, with the support level of 18400 on closing...
Expectations: Volatile Day
Intraday Levels:
Buy Above - 19050
Sell Below - 18990
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
nifty has to retest the 18888 level. so nifty should take reversal from 19091 level and try retest at 18888 level.
Marked entry with SL in the graph you can copy the trading view chart from here.
in.tradingview.com
Dear All,
So finally we have witnessed a beautiful closing of above 18888, i.e., at 18972 in Nifty, on the previous trading day of this week.
So now our next target is of 19200. Wherein, as per the current scenario we are very much optimistic on Nifty for achieving this Target by today itself.
Moreover, as every event has two sides, i.e., a positive...
Nifty, finally, tested the 19k levels but couldn't sustain above it. After the gap up opening above 18900 it travelled and touched the higher levels.
The index was strong as compare to the other indices and closed near the higher levels.
On the hourly charts, there is a flag and pole pattern. As market consolidated in the second half of the trading...
Hello Friends
Here we had shared possible Elliott wave counts on hourly chart of NIFTY, in which we can clearly see that currently we are in impulse structure and as per counts we can say that after bottom of June 2022, we have started fresh impulse up move, in which we had completed wave (1) and (2) and now possibly we are in wave (3), which can be at least...
Nifty is trading ATH, now price can go higher or give a pull back to the earlier resistance and again starts its upside rally
All we need to do is wait and not chase the price.
Place trade only near to support or resistance
Dear All,
So yesterday, we saw the impact of a Doji pattern, along with the previous candle, altogether called as the Cross harami pattern formation. Where after a weak opening yesterday, Nifty made a beautiful rise in the second half.
Now, we are once again very close to our Fresh New High in Nifty. As we are now at 18817, so above 18888, we...
Dear All,
Just as we had stated yesterday itself, about receiving a signal from Nifty, via the formation of a Dark Cloud Cover on its weekly chart. Likewise, we did observe a selling pressure in the Market till the second half.
Although in the later half, we did also witness some recovery in Nifty. Consequently, we can now observe the formation of a ...
Dear All,
Just as we had stated yesterday about considering the Day as a “No Trade Day” , Likewise we did also witness a lot of volatility in the Market yesterday . Wherein, a major supply pressure was witnessed in the Banking Sector.
Therefore overall, a tough fight between the bull and the bear, is being observed here at the upper levels.
A ...
