Nifty is showing some retracement and has closed near to 50% fib level on daily time frame. The market has closed losing only 58 points and above 18600 level. On the hourly time frame, the market consolidated whole day and has given a break out of day's high in the last hour of the session. The market, on 15 minute time frame, has traded around both the moving...
The markets are volatile and on the daily time frame nifty has formed a dragon fly doji. Nifty closed almost flat. After a initial sell off the market recovered and closed near 18700 levels. The market has been trading near the 20 ema on the hourly time frame and on 15 minute time frame, there is a cup and handle pattern. Nifty took support from 200 ema on...
Nifty in this week has created a new ATH and closed near 18700 levels. The market has givena nice bullish move and has gained 1% in this week. The market has touched higher highs and has closed above the 38.2% fib level on the daily time frame. There was a sell off in the market in the first half and recover in the second half losing 115 points on day...
Nifty finally has given a nice break out of the ATH creating new ATH above 18800 levels. A nice bullish candle is there on the daily time frame and has closed 140 points higher. On the hourly time frame, market consolidated whole day on the higher level and gave a good momentum during the closing hour of the session. Nifty, on 15 minute time frame has given a...
Nifty on the daily time frame has formed a inverted hammer candle and after touching a high of 18678 closed only 55 point above the previous close. Market opened flat and from the first hour it started trading above yesterday's high. The market reversed during the last hour of the trading session. On 15 minute time frame, nifty has again closed below the 20 ema...
Nifty on the daily time frame has formed a bullish engulfing candle and touched its ATH. On the hourly time frame, the market tested the 20 ema and from the first hour remained in the buying side. The market after touching the ATH retraced closed only 50 points higher. Even, on 15 minute time frame, the market tested the 20 ema and closed below the...
Nifty on the weekly time frame has formed a bullish engulfing candle and gained 200 points taking market above 18500 level. The market on the daily time frame has formed a hammer doji and is near the all time high. Nifty may also create new ATH and reached the round number of 19k in the december series. On the hourly time frame, there is a U shape recovery. The...
Since we have been observing that from the last 2 days, Nifty has been trading in a consolidation zone, thereby let us consider today as a No Trade Day! Moreover, since today is the monthly expiry, so let us wait and watch for a clear cut indication from the Market. Nifty Levels 15270-15400-15580-15800 -16200-16350-16700-17300 -17800 -18100-18350 ...
Just as we had stated yesterday about the positive sentimental rally towards the level of 18500, similarly we could also observe a healthy closing in Nifty with a positive 84.25 points, yesterday. On a positive note, we can now observe a beautiful bullish harami formation on the day chart of Nifty, along with a Doji formation on the weekly chart (as of now) ....
A Gap down opening along with a few doji formations on yesterday's hourly chart, has been a clear indication of the indecisive mode of the Market. Wherein, we had clearly seen a beautiful rally in the PSU Banks, which has somehow proven being stock specific, as absolutely correct. So, altogether we are still with our words that with the support level of 17800...
Nifty on the daily time frame has formed a negative candle and consolidated whole after the initial hour selling. Market has closed in the 50-61.8% fib level range. If the market starts a up move, it can test its ATH. The market, on the hourly time frame, has closed between both the moving averages There is a box consolidation and market has closed near the 20...
Just as we had been stating in the previous week about being cautious, similarly we did observe Nifty to be in a consolidation phase during the previous week. Well, for now, in a minor downtrend, we can observe a beautiful hammer formation on the Daily chart of Nifty. Which is somehow indicating that the Index can bounce from here and can reach up to the level...
After a consolidation nifty has given a break down and tested 18300 levels. There is doji on the higher time frame and there can be retest. On the hourly time frame, the market has breached its 20 ema and closed below it. There was a short covering in the last hour and the market can be in red today also. Even on 15 minute time frame, the markets closed between...
So, once again we can observe a Doji formation on the Daily chart of Nifty, which however is indicating a fight between the demand and supply and a state of confusion in the market regarding the indices next move. Besides, just as we had stated in the beginning of this week, about the hanging man formation which was indicating a weakness in the market, as per...
Resistance level: 18428.60 Support level : 18241.10 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles...
It seems that Nifty is somehow testing our patience, as it is the 2nd consecutive day, that the Index has given a closing of around 18409. Which however, has proven yesterday's Morning Mantra update to be on point, since we had already stated about the confusion that we can face in the Market. On the other hand, just like it was stated we did also observe a...
Nifty has given a neutral doji on the daily time frame. The market has consolidated and tested its 20 ema on the hourly time frame. On the higher levels nifty is taking a halt and can give either side moment. The market gave a downside movement and regained some points in the last hour and closed near its 20 ema (15 minute time frame). Watch for the RSI...
A nice bullish engulfing candle has been formed on the daily time frame. Nifty, finally has given a close above 18400 and can test its ATH. There was volatility in the market and market tested its 20 ema (on hourly time frame) and gave a nice up move in the last hour of the trading session. On 15 minute time frame, the market traded around its moving average...