Nifty50 near it's all time high. today it took support from trendline of daily time frame need to watch for breakout of ATH or Trendline.
Expectations: Volatile Day Intraday Levels: Buy Above - 18800 Sell Below - 18710 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Dear All, Just as we had stated yesterday, similarly almost both of our statements were proven to be absolutely on point yesterday itself. That is, after witnessing a fall in the Market, we did also witness a good recovery in Nifty, thereafter. Well as of now, as per the Day chart setup of Nifty, we can observe the formation of a Hammer pattern....
Nifty again bounced from support Bulls are dominating, but holding at upper level is important to break ATH and make a new high. Since momentum are coming 100 points, that means volatility is increasing. So play only around the support and resistance. And most importantly say NO TO RANDOM TRADING.
Bullish Crab In Nifty Future Buy PRZ - 18755/18750 SL - 18729 Target - 18820/18840
Dear All, Even after making a high of 18881.45 yesterday, Nifty had somehow failed to crossover the level of 18888 that we had stated on the 14th of June, 2023 as well as yesterday. Moreover, as per the Day chart setup, we can now observe the formation of a Dark Cloud Cover, which being a bearish indicator can bring some weakness in the Market as...
Nifty making rising pattern on daily time frame wait for pattern to give breakdown trade with stoploss. Thanks
Market on the daily time frame has given a red candle and started trading below the 20 ema on the hourly charts. There was a nice fall after the gap up opening and consolidated in the second half. Nifty closed above 18750 level after testing the levels of 18700. On 15 minutes chart, market is trading between both the moving averages. Market has closed below the...
Nifty is continuously making higher high and higher lows since past few weeks, now nifty is very close to all time high. However, we have seen minor profit booking at the top on 19-06-2023. If nifty crosses the all time high, the immediate targets can be 18960, 19000 levels. if nifty is able to cross the buying zone marked in green box on the chart, we may...
Good morning! As of June 19th, the global market indicates a slightly positive start with bullish market sentiment. It might open with a gap-up. After that, if it rejects the immediate resistance zone, we can expect a min of 38 to 61% fib correction. On the other hand, if the initial market declines sharply, that's a sign of the range market.
Nifty is moving in a channel it has 18852 level. if it breaks then it can 19905 level. Buy above 188853 target 18888, 18905 sell below 18709 target 18762, 18728
Expectations: Volatile Day Intraday Levels: Buy Above - 18860 Sell Below - 18750 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Nifty is trade just below the ATH resistance, we are about get some trending days ahead. Best price action for Monday is price opening at fridays close & take support and bounce for the target of ATH resistance. If gap up then we can wait for a pull as small as to fill the gap of friday close and shoot up. Say no to random trading
Bearish engulfing candle has been formed on the daily charts. It has held the level of 18700 and gave a break down in the final hour. As predicted market gave a nice sell of after holding on the higher levels. There are chances of market testing lower levels further. On hourly charts, the market has again closed between both the moving averages. Support :-...
Dear All, So yesterday was another confused day for the Market. Where on the one hand, the overall sentiments are still positive, while on the other there is a tough fight going on between the bull and the bear. For now, since Today is the crucial Thursday of the crucial week, it will somehow be better to consider today as a “No Trade Day”, and ...
Nifty on the daily time frame has formed a dragon fly doji and closed near the previous resistance area. Both the index were in different directions. Banknifty closed 100 points lower and nifty closed 40 points higher. In the first hour, after the gap up opening, tested the 18700 levels and after hitting the support area, slowly gained points. On the hourly...
Nifty after bottoming out in March end has been in clear uptrend with some minor pullbacks in between. It is currently travelling in a parallel channel with a important support placed around 18190 which in last session acted as channel bottom trendline support as well as was May series avwap level. Nifty bounced by more than 100+ points from that support. In...
Market has given a flag and pole pattern on the hourly charts and closed above 18700. On the daily charts, the market has formed a bullish candle. Major resistance level 18770-800 is still there and bullish trades can only be entered only after the level break out and sustain above the levels. In the first hour market give a nice bullish candle and consolidated...