Analyze the time frame: Monthly : Candle engulfing Weekly: Black Crows Daily: Lower lows and lower highs are formation 1. Closed below 19375, implying negative sentiment. 2. Exit the regression channel 3. A decrease in relative strength. The triggering factor is, 1. 33/50 stock decrease. 2. The banking industry is the most affected. Moving...
Dear All, Just as we had stated in our Previous Morning Mantra update about our expectation on Nifty creating some cautiousness in the Market. Likewise the same was witnessed yesterday itself. As after a flat to negative opening, the Market showed us a further decline in its levels. Moreover, today is the last trading day of the week. Besides, on...
Nifty Weekly Analysis We have fallen 201pts ~ 1.03% between the last expiry and today. If you notice the chart below, Nifty is closely following the bearish trend line and we will get a range convergence soon. If the support line of 19309 is not breaking - we will have a bullish reversal. Global macros, India inflation data and other sentiments are pointing for a...
nifty important levels to watch are as follows #Support: 19360 Sell below: 19360 only on 15 minute candle closure below the level. Target 1: 19300 Target 2: 19255 Target 3: 19200 #Resistance: 19500 Buy Above: 19500 only on 15 minute candle closure Above the level. Target 1: 19560 Target 2: 19640 #Demand Zone: 19360-19380 may act as a immediate buying zone,...
Dear All, Just as we had stated yesterday about the huge chance of witnessing a bounce back in Nifty, as a result of observing a bullish reversal pattern, named hammer. Likewise the very same was observed yesterday itself. As once again after taking a support at around 19300, i.e., at 19317 Nifty finally gave us a positive closing of 19465. Well for...
Last session we discussed the support level of 19311, this came into play today and proved quite hard to breach. Today’s intraday low 19317 was hit in the first candle itself after a gap down opening. The biggest negative news to start the day was the higher than expected 7.44% CPI inflation that came after market hours on 14th Aug. Also the SPX and NDQ also...
Expectations: Range-bound Day Intraday Levels: Buy Above - 19520 Sell Below - 19400 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
The FASP for Nifty is listed for 17-08-2023. 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 Intraday levels to watch are as follows #Support: 19400 Sell below:19400 only on 15 minute candle closure below the level. Target 1: 19350 Target 2: 19287 Target 3: 19210 #Resistance: 19480 Buy Above: 19480 only on 15 minute candle closure Above the level. Target 1: 19560 Target 2: 19640 #Demand Zone: 19290-19310 may act as a immediate...
The FASP for Nifty is listed for 16-08-2023. 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 is making lower low in smaller time frame. Major trend is bullish, smaller trend is bearish. Market is getting into a retracement If nothing makes sense, then wait patiently to hit hard when trend change in smaller TF as well. Do not trade random, wait for price to come to your level to have most favorable risk to reward trade set up.
Nifty making flag pattern in weekly charts if gives breakout above 19622 then we can see life time high again in nifty. Thanks & trade with stoploss happy trading.
Dear All, First of all, wish you all a very Happy Independence Week and a Week of Financial Azadi. Furthermore, we are expecting that for this trading week as well we can witness a sideways momentum in the Market. So, we will have to wait and watch for a clear cut indication, i.e., either a breakout of above 19550 or a breakdown of below 19300. ...
Sell Nifty below 19400 for the marked targets on the chart. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
The FASP for Nifty is listed for 14-08-2023. 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 Intraday levels to watch are as follows Expectations: Trending day #Support: 19520 Sell below: 19520 only on 15 minute candle closure below the level. agressive sell below demand zone. Target 1: 19470 Target 2: 19380 #Resistance: 19560 Buy Above: 19560 only on 15 minute candle closure Above the level Target 1: 19630 Target 2: 19690 #Demand...
Dear All, Yesterday we had got to witness a minute closing of near 19550, i.e., at 19543.10 Therefore, overall we can see that the Market is currently trading in a consolidation phase. Where it is better to wait for a clear cut indication, as of now. Furthermore, we had also witnessed a selling pressure in most of the stocks yesterday. So, with the...
Nifty Weekly Analysis Between the last expiry day and today, Nifty has managed to rise 152pts ~ 0.78% which is a good sign for the bulls. This flattish phase was much required after Nifty picked up a direction from 21st July. The technical analysis points to a trend continuation possibility and should be good for the bears! Nifty Today Analysis Today’s move was...