Fortunately, Nifty gave us a positive closing of above 17270, for the past 3 consecutive days, in the previous week. Also, as per the current chart setup, we are still with our words that if Nifty continues to sustain above the level of 17170 and 16940 on closing basis, then it will give a positive strength to the Market for the upcoming rally. However, keep in...
Nifty has formed another doji on a weekly time frame. Though, market has gained 200 points on the weekly time frame, daily gap up and gap down are not giving any intraday opporunities. The market has closed just below the 20 DMA. Nifty, on the hourly time frame, is stuck between the 20 and 200 emas. In the second half on the trading session the market gave a...
Just as we had stated yesterday, similarly we did witness volatility in the Market yesterday. Where with the beautiful gap up opening at around 17379, Nifty managed to make a high of around 17428 during the day. However, it ultimately made a closing of approx 17331. Well on a positive note, Nifty had overall managed to sustain above the level 17270 for another...
What a beautiful trading day it was, day before yesterday. Where we had witnessed a beautiful closing in Nifty, which was exactly at our stated Crucial Resistance level of 17270. Well for now, we are here with another immediate level of Support for Nifty, i.e., 17170 on closing basis, followed by the level of 16940 once again. Moreover, for today we are...
Just as we had stated yesterday, regarding the volatility of the market, similarly we could witness the same in the yesterday’s trading session. Where on one hand, the entire market was in a panic mood just because of the Singapore Nifty’s Market opening, on the other hand, Nifty made a flat but a positive opening, with some stock specific momentum, which...
Somehow or other, Nifty still seems to be in an indecisive mode as of now. Although fortunately just as we had stated on the last trading day about the current market sentiments being positive. Similarly on the same day itself, Nifty showed a beautiful recovery just after the announcement of the RBI policy and after crossing over our stated Resistance level of...
Nifty in the weekly time frame has given a dragon fly doji candle. The market has closed just near the 20 ema and the market can retest before falling further. On the daily time frame analysis, the market has given a nice moment in the last trading session and engulfed almost 4 daily candle and closing just near week's open. Market has tested its 200 ema and...
Once again, we got to witness approx 400-450 points movement in Nifty in a single day, yesterday. Where after a beautiful gap up opening, we had seen a huge selling pressure in the Market. While on the other hand, some of the stocks, on a positive note are again indicating a price correction. Just as we had stated yesterday as well, as of now Nifty is behaving...
Nifty has given another negative candle and couldn't hold on to 17000 level. After the initial gap up the market remained negative and closed almost flat. On the hourly time frame, the market took Resisitance from its 20 ema. The market for 2 days had remained in the same range and in the coming week market can give some retracement before continuing the...
Good Morning! Currently, Nifty (16k,17k,18k) is somehow behaving like a teenager (16,17,18) behaves in the Festival Season. Full of volatility - emotionally and psychologically. Where after by a gap down opening of below our stated level of 16940, we saw an unsuccessful attempt by Nifty to cross over the stated level. Followed by a closing of near to the opening...
Good Morning! So finally yesterday, James Bond saved the market with the positive closing of above 17000, i.e., approx 17 "007". Also, we got to witness a beautiful stock specific momentum, yesterday. However, it is being expected that Today there will be a fight between the bull and the bear. Where, 16940 and 17200 will be the crucial range for the new...
Nifty as predicted has consolidated whole day and closed almost flat. The markets are holding the level of 17000. Though, on the intraday basis the market broke the level but regained it quickly. Nifty has given a fake out below the 17000 levels. On 15 minute time frame, market took resistance from its 20 ema and closed just below the level. Support :-...
Good Morning! Yet another day of panic, where after a gap down opening yesterday, Nifty tried to take a support at 17000 with the beautiful attempt in the second half for 17200. But unfortunately failed in the last hour. Also a panic selling in across all the sectors was witnessed except in IT. Which is clearly indicating price correction. Moreover, against all...
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...