1. Trend is bullish 2. Buy on dip 3. Price is trying to hold at upper level 4. Price can face resistance at recent top 5.Major trend is bullish
Since March of this year, Nifty first consolidated around 16800-17200 (~400 points) and formed a double bottom with higher low and rose ~1000 points to 17800. Subsequently it endured a minor correction to 17560 and then again moved ~900 points to 18460. And now it is consolidating again in a ~400 point range between 18060-18460. It is displaying completely a...
The FASP for Nifty is listed for 23-05-2023. 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 Trading Levels For Tomorrow’s Trading Session Resistance 18280-18300 Towards Target of 18380 With SL of 18260 Support 18120-18100 Towards Target of 18050 With SL of 18120
After forming a Bullish Wolfe Wave, Nifty has been rallying fantastically. It has successfully given a break out of the 2-4 TL. And with ups and down I expect the rally to continue till 10 May to 15th May 2023. I am not sure about the price levels but the utmost high that is achievable by NIFTY seems to be 18605 (18605 has been derived by both Price action and...
Nifty trading in a range only breakout or breakout can trigger next move else nifty will remain trade in this range for some days
Not an investment advice, it is just for education. Now, it is forming head and shoulder pattern.
Dear All, Once again we had seen the appropriateness of our Morning Mantra update, wherein a bounce back along with some cautiousness was predicted yesterday. Likewise the same was witnessed in the Market yesterday itself, as after a gap up opening in Nifty, a supply pressure was also observed at the upper levels. Overall, Nifty seems to be ...
Dear All, So Yesterday we had seen the impact of the Bearish Engulfing pattern. As a result of which we did also observe a supply pressure in the Market, just as we had already stated yesterday itself. However for today, we are expecting to witness a bounce back in Nifty. Wherein, it will be better to remain cautious , as today is the day of weekly...
The FASP for Nifty is listed for 18-05-2023. 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 on correction path on a uptrend for the last 2 trading sessions. from the last low of 16828 in march 23, the 1st phase of rally was till 17842 ( rally of about 1000 points) we saw a pull back there after till 17553 (about 300 points). if we plot fib retracement then this form about the 0.618 level of the rally. the next phase of rally was from 17553 to...
Dear All, Since “ Everyday is not a Sunday ”, we can say that yesterday was indeed not a day in favour of the bulls. However, witnessing this supply pressure at the upper levels yesterday, had somehow proven our statement of “Rebalancing the Portfolio” , to be absolutely on point, once again. Besides, in this journey of speedy recovery from 16800 to...
The FASP for Nifty is listed for 17-05-2023. 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...
-If nifty opens in the marked range then wait unless price test the marked levels -Trading at random place will only damage capital -if open gap down, then wait for green line reaction on the price, if price sustain below it then look for sell on rise or If price recovers and sustain above it then buy on dip - If gap up then red zone is the resistance area,...
The FASP for Nifty is listed for 16-05-2023. 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...
Dear All, Yesterday was indeed a wonderful day for the Market. Wherein we had observed an excellent performance by almost every sector. Besides, just as we had been repeatedly stating about witnessing a push towards the new high, once after Nifty gives a stable weekly closing of above 18200. Likewise, the same is being observed in the Market...
The FASP for Nifty is listed for 15-05-2023. 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 may decline towards 18021-17425 range in coming days. wave (v) started from 17554 is extended so there is a possibility that it can retrace up to 17554.