Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “As soon as the 22051 resistance gave away, we had to change our stance from neutral to bullish. We would now like to see how higher the markets can go, we are assuming the momentum may not take us to 22700 for the monthly expiry.” 4mts chart All 3 indices - Nifty50, BankNifty, and NiftyIT- were stuck in...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “Since Nifty50 fell below our support line, we had to reverse the stance back to neutral. In case Nifty50 climbs back up tomorrow and hits a new ATH, today’s move will just appear as a blip, and the stance will go back to bullish.” 4mts chart Honestly speaking, we fell into the bear trap today as the...
The FASP for Nifty is listed for 23-02-2024. 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...
"Good morning, friends! Here are the directions for February 22nd: The global market sentiment remains moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bearish trend. It might open with a gap-up start, as suggested by Giftnifty, showing a +90 point increase. Nifty had fallen sharply in the last session;...
As we have discussed, the nifty Bullish structure today has successfully broken and retraced to the upside. Now, if we look at the chart data: The market has given a successful breakout to the upside. The market is trading at ATH. The market has already retraced the breakout and has proven the bull's strength. Now, the market is ready to go up. If we look...
Nifty Analysis - Stance Bullish ⬆️ Recap from yesterday: “A gap-up is ideal as it will quickly tip the balance to the Bulls as short sellers will have to run for cover. We wish to change the status from neutral to bullish only if we get a 63mts candle above the 21913 resistance line.” 4mts chart We all knew it would be a gap-up today and see how the bears ran...
As we discussed NIFTY for today, it ended sideways. Now, if we look at the chart data: The market has already given a breakout as it expired today. It ended sideways to the upside while facing resistance at 21950. The market will be sideways in the range of 21800-21950. EMA has given bullish-crossover EMA(50,200). Which shows the market is in a good...
I have been busy for the last two days. If you have been following my analysis, we marked a resistance and support line, which got a breakout yesterday, and after that, it gave a very nice bullish momentum. Now, if we look at the chart: The market is trading at the resistance zone right now after yesterday's good bullish momentum. Price has broken 200 EMA....
The FASP for Nifty is listed for 13-02-2024. 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 on the weekly charts is holding the higher levels. Still the index is looking confused about the tren. It is respecting the daily 20 ema and a nice support is taking from it. A long legged doji is formed on the close and still above the moving averages. There was a consolidation on the last trading day and chances of a trend move in the coming session is...
Nifty important zone and levels for 12-2-2024.... Zone coordinates are 21830-21811.... Have a profitable day everyone...:)
#Nifty zone and levels for 9-2-2024... Zone coordinates are 21804-21787... Have a profitable day everyone... :)
Nifty has tested the higher levels and got rejected from the high forming a hanging man candle on the daily charts. Weekly charts is still showing some postivity and it is still way high from the weekly 20 ema. The market has gained 500 points on the weekly close and is looking positive as compare to the other indices. Major support levels :- 21820, 21660,...
As we have discussed, Nifty has had a bearish structure for the past 2-3 sessions. Nifty was moving in a symmetrical triangle pattern, which is a neutral pattern. Today, it has broken down to the downside, the same as we have been discussing. Now, if we look at the chart: The market has successfully broken to the downside and has retraced 200 EMA,...
Nifty is bouncing between the two daily order blocks marked by the blue color. Intraday we found support at the hourly order block to push prices back up to the order block where we saw instant rejection. I am looking for prices to disrespect one of the two order blocks to see where prices will be heading. As for tomorrow, if we open up, we might again see...
"Good morning, friends! Here are the directions for February 7th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing a +110. Nifty has a pullback structure as expected from the last session. So, there...
Nifty Analysis - Stance Neutral ➡️ Recap from yesterday: “The chart pattern is not at all bearish, in fact, it is more bullish than bearish. But we all know for an upward move, the resistance has to be knocked out whereas the support has to be breached for a downward move. For tomorrow, we wish to maintain our neutral stance and wait for some directional clues to...
#Nifty Good morning, friends! Here are the directions for February 6th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to a slightly gap-up start, as indicated by Giftnifty showing a +20. Nifty has had a reddish sentiment in the past two...