NIfty after touching the crucial level of 18000 has retraced back to the 17000 levels today. Market remain in red whole day. After the initial gap down 170 points the markets closed 300+ points lower. Nifty on the second consecutive day has fallen more than 1.5%. On the hourly time frame, the market remained in a broader range and consolidated in it. Nifty took...
After the repetitive failed attempts from Nifty to cross over 18090, we are delighted that we could timely pre-update you on the 16th of September 2022 itself, to stay cautious for these 8-10 days. Well as of now, it is being expected that the Market can face a little panic during the 1st hour, today. However, it will be suggested to avoid participating in the...
NIfty on the weekly time frame has formed a grave stone doji and formed a triple top pattern. The market on the daily time frame has given a nice bearish candle and lost 300 points. NIfty has closed below its 20 DMA. There is a bearish moving average cross over on hourly charts. Last trading session was a one side moment and there are all negative candle. The...
Nifty has shown some kind of double top pattern and RSI divergence has formed , US markets looks week day by day , if neck line break next support is gap border and 17000 a psychological level and follows next support is 0.5 fib retracement.
NIFTY expected move: NSE:NIFTY We have some major economic and geo-political reasons to keep in mind 1. Weaking world currencies against USD (I am expecting a 10Y USD Bond yield to go double to 7bps (2006 levels) from the current 3.5bps - Actually, it started rising from 0.5bps. 2. Financial and Economical weaker backdrop of Europe given Russia- Ukraine...
Good Morning! As per what we had stated yesterday, we did observe Nifty’s attempt to take a bounce back, in the early and in the later hours of the Market yesterday itself. However on repeatedly failing to do so, we instead observed some selling pressure in the Market. Well as of now, we can see the formation of a Doji pattern on the Day chart. So, it will be...
Greetings of the Day! Indeed with a positive opening yesterday, Nifty did take a good attempt in the early hours. However, not being able to continue so, the Market showed a selling pressure from the early hours itself. Thereby, proving the effectiveness of the shooting star pattern, just as it was stated yesterday. As Nifty showed a decline of approx 98 points...
Hello Traders, Welcome to SriTrader5121 Nifty-21/09/2022-Levels If market open as a GAP-DOWN and moves to UP-Side then BUY with the Support of PDL and SELL with the Rejection of R@2. (or) If market open as a GAP-DOWN and moves to DOWN-Side then BUY with the Support of S@2 and SELL with the Rejection of S@1.
Just as we had stated yesterday, about our expectations for a beautiful bounce back. Similarly, we did observe a significant recovery in Nifty yesterday itself. Although not being able to sustain so, the index also showed some profit booking, by the second half. As of now, as per the day chart, we can observe a shooting star pattern which is somehow indicating...
Nifty on the daily time frame has formed a spinning top doji. The market has respected our levels and after touching 17920 level the market retraced On the hourly time frame, the market has settle around its 20 ema. Market is not sustaining above the 17900 levels. The market opened around the 200 ema on 15 minute time frame and gained momentum in the first...
Just as we had observed yesterday, Nifty showed us a significant recovery and ultimately gave us a positive closing. Moreover, a beautiful Hammer and Bullish Harami pattern on the Day Chart is somehow indicating a good bounce back in Nifty. Although, we are with our words that we can still witness a volatility in the market for this week also. Till then we...
Nifty on the daily time frame has formed a doji. The market has taken a nice support from its 200 ema on the hourly time frame The market after the initial push remain in a sideways mode and consolidated in a box. On the 15 minute time frame, the market traded around its 20 ema. Support :- 17480, 17380 Resistance :- 17660, 17640, 17710 The market remained in a...
Good Morning! Indeed, the last week was one of the most volatile week for Nifty. Where, as stated, we had clearly seen the importance and the significance of the crucial Resistance level of 18090. Where, failing to sustain above the 18090 level, repeatedly for 3 consecutive days Nifty did take pull back just as it was expected. So as of now, the level of 17300...
Last Friday The index closed @ above 17500 which was a possible reversal zone ( 61.8% retraced from previous rally) We will see strong resistance @ 17700, if nifty manages to break then possibly will reach 18100 and will complete the cup & Handle pattern. My view will be buy on dips until we are above 17500 level. If the index is rejected from 17700 level we...
Nifty on the weekly time frame looks bearish as it has formed a bearish engulfing candle and is unable to close above the level of 18000. On the daily time frame, the market has closed below its 20 ema and closed between both EMAs. The market has travelled lower after opening gap down and has crossed the 200 ema. The market on friday has remained in a down trend...
Good Morning! Once again Nifty failed to sustain above the stated crucial level of 18090 for the 3rd consecutive day, yesterday. So as per the current scenario, until the index manages to give a closing of above 18090, it will be suggested to stay cautious and follow the Sell on Rise strategy for the best. On the other hand, on a positive note even after the...
The index is possibly going for Cup and handle pattern. Today we may open near 17770 -17800 range where price was rejected multiple times. even in the last gap-down price shown a significant up-move. Lets see if we are able to bounce this time or not,
Nifty for the last 3 trading session has been testing the level of 18100 and huge sell off came today in the first half of the trading session. The market was unable to hold the support of 20 ema on hourly time frame and closed below it. On 15 minute analysis, the market has broken the 20 ema and took support from 200 ema. Nifty has closed below 17900 and closed...