Nifty hits an all time high of 19523.6 at 10.00 today, this was after we opened gap down and then had a series of powerful green candles. The surge that took N50 higher was so special that if you looked at 10.00 AM you would never have thought of going short. Opening gap down was due to the handout from the global markets & it was expected. but the 102pts rally...
Nifty Important intraday levels to watch for 07-07-2023 #Support: 19440 Short if candle closes below 19440 #resistance: 19510 Long if candle closes above 19510. #Targets on downside after break of support. Target 1= 19380 Target 2= 19345 #Targets on upside after break of resistance. Target 1= 19560 Target 2 = 19630 Follow us for more such information and...
If nifty breaks the channel upside, it may go higher. There are supports near 19460/19470 and 19400 levels. If it takes support on this levels, it may go upside further. If nifty breaks the support level of 19400, we may see short selling about 100 points or more. looks like nifty is bullish, multiple support zones are there.
Dear All, So yesterday, we had witnessed a very beautiful momentum in Nifty. Where even after back to back 2 Doji formations, instead of showing a Reversal, Nifty fortunately took it positively and gave us an all time high closing of 19497.30 So, as per Technical Analysis, Market sentiments still seems to be positive, as of now. However, if in...
I became a believer today, amazing outperformance by our stock market indices, Nifty50 hits a new all time high of 19512.2 (conquering the 19500 level for the first time). At 19350 levels I had an interim top call & the market has proven me wrong (yet again). Today's super surge is nothing short of extra ordinary, the global cues were pretty negative after US FED...
Nifty on the daily time frame has given a nice move and closed around the round number figure of 19500. The market gave a nice move in the first hour and consolidated whole in a range. During the last hour too the market gave a break out and gave a fifty points. Market is moving in a good bullish cycle of consolidation and breakout. On 15 minute time frame,...
"Good morning! As of July 6th, the global market is showing slightly negative stats with a moderately bearish market sentiment. It might open with a minor gap-down. After that, if it takes support around the immediate support zone, we can expect a range-bound market. On the other hand, if it breaks the immediate support, then the correction will continue."
nifty created a flag pattern. if it breaks upside, it may go further upside. also there is a resistance at 19430. if nifty goes down and break the 19300 level, it may go down upto 19250. please note that there is a support at 19250, so, you have to wait for the price action at 19250 level.
Dear All, Once again we can see a Doji formation on the Day chart of Nifty. So, yes it is a significant indication that Nifty can take a pause from this rally. But we are still with our words that the overall market sentiments seems to be positive with the stop loss of 19200 as of now. Furthermore, every pull back can be a good opportunity ...
I had a feeling that we are nearing a top after seeing the price action on 03 Jul. The 4th Jul session was also cementing that thought. And today's session till 14.35 was giving me lot of confidence to take a short position. But what happened from 14.40 to close, esp. 15.500 to 15.10 was simply unbelievable. Nifty rose 0.42% ~ 81.3pts to end the day flat at 0.05%...
Expectations: Volatile Day Intraday Levels: Buy Above - 19450 Sell Below - 19340 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Nifty on the daily time frame has formed an inside candle and formed another doji. The market opened flat and closed near to the opening price. The market has consolidated whole day and remained in a range of 100 points. On the hourly charts, the market remained inside the first hour candle and during the closing hour gave a 50 points move. Even on the smaller...
Dear All, We can now observe a Doji formation on the chart of Nifty here at upper level. Which can give a pause to this rally as of now. So in such a situation, we might get to witness some pull back in Nifty. But again the overall market sentiments is quite positive. Where the support levels of 18700 and 19200 will be very crucial for us. In the...
In all cases, stock has corrected till 21 ema in 2 weeks. Nifty chart looks similar to hindcopper. So if tomorrow nifty opens gapup around 19500, high possibility of profit booking . Positional tg - 19100 (2 weeks) Disclaimer : This is my personal analysis for study purpose not intended for trading.
We are having exceptional move in Nifty. Nifty chart looks like a stock chart in momentum. We have Thursday expiry is approaching and tomorrow's market can make a base for expiry set up. Tomorrow play for a small movement like pull back unlike today.
Another fap up day in nifty. Today market on remained volatile and has formed a dragon fly doji. The market has closed gaining 66 points and has consolidated whole day, closing near the opening price. On the hourly charts, market remained in the first hour candle and gap filling trade was there in the first hour. Nifty has been respecting the 20 EMA, on 15...
Nifty shown a massive move and now entered in an overbought zone however this cannot be said or argued as a sign of short sell the overall trend is strong buy on dip on downside best levels to enter in pasrts comes at 19100 and 18700
Nifty is holding better then Banknifty at upper levels Do not trade random, trade a pull back or a proper dip of at least previous day's high to be as support.