The FASP for Nifty is listed for 28-07-2023. 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...
Nifty important intraday levels to watch for 27-07-2023
#Support: 19760
Short if candle closes below 19760.
#resistance: 19820
Long if candle closes above 19820.
#Targets on downside after break of support.
Target 1= 19670
Target 2= 19580
Target 3= 19500
#Targets on upside after break of resistance.
Target 1= 18880
Target 2= 19990-20000
Remember each level...
Dear All,
Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise the same was observed in the Market, yesterday itself.
So as per the current scenario, Nifty somehow seems to be creating a platform in between the levels of 19800-19550.
Therefore, in such a situation we have to be stock specific and have to keep...
Today’s gap up opening and the race towards 19825 took out my stop loss. From last Friday we were short on Nifty, this stop loss hit proves to me that the bears are short lived in our market.
Nifty50 went up 147pts ~ 0.75% from the prev. close enough to take out the 19800 levels where I had placed the protective stop. The main reason for the rally was the boost...
Nifty traded inside the first hour candle and closed 100 points higher forming a confusion candle charts.
The market are consolidating and creating confusion. On the hourly charts, started trading above the 20 ema after the gap up and took support from the levels. Nifty traded in 70 points range after the first hour candle.
Initially, both the indices were...
Nifty important intraday levels to watch for 25-07-2023
#Support: 19660
Short if candle closes below 19660.
#resistance: 19760
Long if candle closes above 19760.
#Targets on downside after break of support.
Target 1= 19600
Target 2= 19500
#Targets on upside after break of resistance.
Target 1= 19820
Target 2= 19870
Remember each level will act as...
Dear All,
From back to back 2 days, we have been witnessing a supply pressure in Nifty.
Where on the other hand, we have also been witnessing a stock specific momentum in the Market.
Well on the day chart of Nifty, we can now observe a beautiful hammer formation . So, here we are expecting to witness a bounce back in Nifty, Today .
Furthermore, it...
Nifty had a decent recovery between 13.35 to 14.55 where it gained back 89pts ~ 0.46% after it fell 96pts ~ 0.49% from the open. The moves were exactly similar to the financial service index - because it was caused by the FinNifty components. This casts the doubt that it could be an expiry related move rather than a natural pullback.
For better clarity we would...
Dear All,
Just as we had stated yesterday about witnessing a supply pressure from the current levels as a result of the shooting star formation on the weekly chart of Nifty. Likewise the very same was observed in the Market yesterday itself.
For now, the level of 19550 will remain to be the level of support for Nifty. With which, we can continue...
Nifty is not able to pull back & selling pressure is coming on every time it is try to pull back.
Most likely all the early sellers will be trapped by sharp recovery.
Also selling at already discounted price is very risky, lets price get in to premium for a good entry point to short.
Nifty Analysis
I was quite happy to see the last 45 to 60mts of trade happening in the direction of the trend. For days unknown we used to have dip buyers who come in at 14.30 to 15.00 and then change the dynamics all together.
If you notice we had a good downtrending pattern developing on the 5mts TF. Ever since we broke down from 21st July, bears were able to...
Nifty important intraday levels to watch for 24-07-2023
#Support: 19706
Short if candle closes below
#resistance: 19820
Long if candle closes above
#Targets on downside after break of support.
Target 1= 19600
Target 2= 19480
#Targets on upside after break of resistance.
Target 1= 19880
Target 2= 19980
Follow us for more such information and educational...
Dear All,
Just as we had stated in our last Morning Mantra update on Friday, that since the Index had almost achieved its psychological target of 20000, therefore a little profit booking is expected to be witnessed at the current levels. Likewise, the very same was observed on Friday itself, since after showing a Gap Down opening, we got to see a ...
Nifty after the IT sector result was dragged 230 points lower losing 1.17% and forming a long upper wick on the weekly charts.
On the daily fibonacci retracement, market took support around 38.2% levels and has respected it quite well. The market are in a bullish move and the retracement is also necesary for another leg.
The bullish trend is technically correct...
Nifty Analysis
If you had read yesterday’s report, I am sure you would have anticipated the gap down today & the profit taking that followed. Today’s price action may not be a structural change or the start of the next bear rally (at least too early to comment). What I feel is, we have out run the fundamentals & need to give some time for it to catch up so that...
Nifty important intraday levels to watch for 20-07-2023
#Support: 19760
Short if candle closes below 19760
#resistance: 19580
Long if candle closes above 19850
#Targets on downside after break of support.
Target 1= 19720
Target 2= 19680
#Targets on upside after break of resistance.
Target 1= 19910
Target 2= 20000
Follow us for more such information and...
Nifty - If the market forms a consolidation pattern between today's low and the Fibonacci level of 78%, then we can expect a rally continuation. On the other hand, if it rejects around the 61% to 78% Fibonacci level, we can expect a correction, with a potential reach towards the Fibonacci levels of 38% to 50%.
