The FASP for Nifty is listed for 02-01-2023. 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 market has taken a halt and an inside candle has been formed. The market opened gap up and after initial up move consolidated in 40 points range.
On the hourly chart, market took support from the 20 ema and closed near 18200 level.
The market consolidated maximum time and on 15 minute chart, took support near 200 ema level.
Support :- 18190, 18155,...
Wish you a very Happy New Year!
This is the first Morning Mantra for the year 2023 and we are here to share with you the Market Sentiments for this week.
Well, on observing the past few days, it can be seen that there’s a fight going on between the levels of 17800 and 18170.
Where on one hand, as we were expecting to witness a positive closing of above 18170...
The new monthly session has began and the markets have shown some weakness on the monthly time frame as a bearish engulfing candle is formed.
A serious rejection from 38.2% fib level on the weekly time frame is there.
The market has taken a resistance from 20 DMA and closed around 18100 levels.
On the hourly time frame, the market opened near the 200 ema and...
Happy New Year 2023!!
In this video, I share my analysis for Bank Nifty for short term overview. I use my own technique called FASP to identify the immediate targets for the index.
These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you.
Wish you a very happy and...
Nifty has ended the year at a very crucial juncture and next few days or weeks would define its way forward in 2023.
Fibonacci Analysis: -
If one connects the Sep end lows of 16747 and current Dec highs of 18887 , Nifty retraced to its 50% level of 17800 and found support there. Similarly for the current downmove in Dec from 18887 to 17774, it found...
So, once again yesterday we had witnessed the accuracy of technical analysis.
Where on one hand, due to effectiveness of shooting star we had observed a gap down opening yesterday. On the other hand, we did also witness a beautiful bounce back in Nifty during the last Market hours.
This positive bounce back, finally resulted in giving a stable closing of above...
The final expiry on this year has given a New year gift to all the trading communities.
Nifty has formed a bullish engulfing candle and closed near to 18200 level.
It is still trading between both the moving averages and after a sell has recovered very quickly.
On the hourly time frame, the market has given a 110 points move in the last trading hour and closed...
Nifty has been constantly taking resistance from the golden ratio, forming a gravestone doji on the daily basis.
The market today remain in a 100 point range and closed flat.
Tomorrow, let the market show some clear trend and watch for the option premium as it is last expiry of 2022.
On the hourly time frame, the market has traded near the 20 ema and closed...
Another consecutive day of witnessing a positive movement in Nifty.
However, there is a slight disappointment, as Nifty made a high of around 18150 yesterday, which was just below our stated Resistance level of 18170.
Moreover, observing a Hanging Man Formation on the Day chart of Nifty, is somehow indicating that some selling pressure can be witnessed today....
With bank nifty bouncing exactly from the daily trend line, things are looking good there for bulls. Nifty is a different scenario altogether, just like I posted in my analysis of LT & Tata Steel. All 3(nifty, LT & Tata Steel) gave a possible false breakout of the trend line & started a V shaped recovery from there. LT & Tata Steel have already given 1 break of...
Just as we had stated yesterday about witnessing a bounce back in Nifty. Likewise, we did witness the same yesterday itself.
Moreover, as we have been consistently stating about being cautious for the Month of December. Similarly, it is expected that this week too, will be a little volatile. So be cautious.
Besides, with the strong support level of 17800, be...
Just as we had already cautioned on the 5th of December itself. Likewise, we did finally witness Nifty near its support level of 17800 once again, on the last trading day.
Well, we are somewhat hopeful here, as we expect to witness a bounce back from the current levels of 17806.80
However, as we have already been stating about being cautious for 10-15 days of...
The FASP for Bank Nifty is listed for 26-12-2022. 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...
So, finally yesterday we had witnessed a breakdown from the 18170 level, which altogether is somehow indicating a near term bearish mode in the Market. Wherein we can also see the level of 17800 in the upcoming days.
Besides, we had been consistently stating about Nifty's crucial levels of 18400-18170-17800. When the Index broke the level of 18400, it did take...
Nifty has been trading below 20 DMA and has tested 18100 levels.
The index has taken a support from 38.6% fibonnaci levels and has closed above it.
On the hourly time frame, the market is retested the 20 ema at the opening and there was a sell off taking support around 18100 levels.
There is a sell off in the market and closed below both the moving averages, on...
Good Morning!
Just as we had stated yesterday about waiting and watching the market's momentum along with the support level of 18170. Similarly, we did observe how beautifully the Index took a bounce back from the stated support level, as it made a low of around 18202, yesterday.
Moreover, it was also observed that even after making a high of around 18404, the...
After a initial gap down the market break down to 18200 and gained back forming a dragon fly doji giving close only 35 lower.
On the hourly time frame, the market gained some momentum closing above both the moving averages.
The market has given nice closing and if the market start trading above 18420 it can give nice movement up to 18500 level.
On 15 minute...
