Dear All, Yesterday we had seen the effect of the crucial support level of 19550. Where below this level, Nifty took a sharp dip towards our previous support level of 19300, and from 19300 we had also observe a sharp recovery of around 100 points in Nifty, yesterday itself. Finally yesterday we did somehow witness a major impact of the shooting star...
Maybe it was the news that Fitch cut the US rating from AAA to AA+ that sparked the reversals in Asian markets. Our market too started to fall but had a decent recovery in the last 1 hr (just as usual). The global markets were staying at elevated levels for quite some time now. Our market is at the APEX with the outperformance unchecked. Even with such a strong...
Expectations: Volatile Day Intraday Levels: Buy Above - 19400 Sell Below - 19300 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 04-08-2023. 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 for 03-07-2023 #Support: 19430. Short if candle closes below 19480 for scalping with strict trailing SL. Major support is placed at 19430. #resistance: 19540 Long if candle closes above 19540. #Targets on downside after break of support. Target 1= 19360 Target 2= 19300 #Targets on upside after break of...
Dear All, So Finally we had witnessed a breakdown of 19550 in Nifty. But, since it is a very minute closing of below 19550, therefore we have to wait for 1 more day for Nifty to decide its move. Furthermore, on observing a hammer formation on the Day chart of Nifty, we are now expecting to witness a little selling pressure in the first half and then...
Nifty has been trading in a parallel channel and is respecting the channel on the daily charts as it has closed above the support line. On the hourly charts, after testing the 200 ema, nifty reversed and closed above 19500 levels and between both the moving averages. Market today was in a bearish trend from the moving and even after the gap down opening it...
Nifty important intraday levels to watch for 02-07-2023 #Support: 19710 Short if candle closes below 19710 #resistance: 19765 Long if candle closes above 19765 #Targets on downside after break of support. Target 1= 19630 Target 2= 19560 #Targets on upside after break of resistance. Target 1= 19820 Target 2= 19865 Remember each level will act as a support...
Dear All, It was indeed quite a choppy day yesterday. Where somehow the unfortunate thing is that it has been for back to back 2 days that Nifty is failing to cross over the level of 19800. Although, on the other hand, Nifty is currently above 19550 and just as we had stated earlier, it seems that Nifty is creating a platform for another new...
NSE:NIFTY Levels for 2 Aug 2023. Nifty seems to be going on a time wise correction mode before breaking out on either side. Sideways to Bearish movement for tomorrow with-in the range 19560 to 19860. Support 1 : 19700 ; Support 2 : 19560. Resistance 1 : 19860 ; Resistance 2 : 20000. Trading Strategy; Take low risk contra trades at support & resistance...
I had a long bias on Nifty from yesterday, the gap up was expected but the fall from 10.10 to 10.45 looked quite surprising to me. NiftyIT was supporting, the earlier fall came mostly from the FinNifty components - its understandable as its expiry. The much awaited levels to watch out for were 19700 to 19680 where nifty had spent some time yesterday as well as...
Nifty important intraday levels to watch for 31-07-2023 #Support: 19560 Short if candle closes below 19560. #resistance: 19770 Long if candle closes above 19770. #Targets on downside after break of support. Target 1= 19470 Target 2= 19380 #Targets on upside after break of resistance. Target 1= 19760 Target 2= 19850 Target 3= 19970 Remember each level will...
Dear All, Just as we had stated yesterday that after observing the formation of a Doji pattern on the Day chart, we are expecting a bounce back in Nifty. Likewise, we did experience the same yesterday itself. Another positive factor here is that we can now observe the formation of a Hammer pattern on the chart of Nifty. So it is somehow indicating a ...
The FASP for Nifty is listed for 01-08-2023. 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...
The open was as expected and the first 2 candles made sense when we retouched yesterday’s swing low.But what followed after that was more of a discouragement for the bears. No matter how hard the bears try - they are unable to push down the prices. We had a gradual fall to the intraday low of 19563 which was hit by 13.45 - and this was the time by which the bulls...
Dear All, Just as we had stated in the last week , about witnessing a supply pressure in Nifty as a result of observing a Shooting Star formation on the weekly chart. Likewise, the same was observed in the previous week itself. Now for this week, as per the Day chart setup, we can observe a Doji formation on the chart. Which altogether indicates that...
The FASP for Nifty is listed for 31-07-2023. 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...
After 4 weeks in green market has given a halt candle near the high forming a red doji candle. Even on the daily charts, market has formed a doji, on the lower side of the range in which it was trading. The monthly expiry was a good one and the trend remain on the sell side whole day. Nifty is trading around 20 ema (daily) and if it breaches the levels it can...