Good Morning!
Just as we had stated on the last trading day as well, similarly, we can see that the index continues to trade within its consolidation zone of 17300-17700.
It seems as if the index is somehow creating a platform for a new rally. Besides, we are still with our words that with the support of 17300 we are still positive on the Market, subject to any...
Nifty on the weekly time frame has recovered all the lose and closed only 20 points down on weekly time frame.
The market is trading above its weekly 20 ema and has given a nice target after forming a double top formation.
On the daily time frame, the markets has formed inside candle and are sustaining above the 20 DMA.
Nifty remained in a range whole day and...
We hope you remember our Morning Mantra update on Monday, where we had clearly stated about our expectation for a cautious week ahead. Similarly, we have been observing the same, since we saw a major decline on Monday itself, followed by a major upside on Tuesday. A holiday on Wednesday and then again a major decline on a Thursday. And now we are ready for a...
Markets are in a serious gap ups and downs.
Nifty opened gap down and formed an inside candle on daily time frame. Though, market closed above the 20 DMA but still due to the global cues it’s not clear where the markets will head.
In the opening hour markets tried to give an upside movement and faced a rejection from 17700 levels. Market closed between 20 and...
Good Morning!
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Nifty has formed a nice bullish candle on the daily close, soaking away the gap down of monday.
A gain of 440 points in a single day was unpredicted.
Nifty remained in a bullish momentum whole day and crossed 20 DMA and closed above it.
On 15 minute chart analysis, the market has given a bullish moving average cross over and closed above the level of...
Just as it was expected, similarly Nifty did show us a gap down opening, yesterday. However, it also managed to show us a recovery, as it ultimately gave a closing just above our stated support level of 17300. Which somehow is a good sign.
Besides, since this week consists of 3 Trading Days only, it will be suggested to be stock specific and to remain cautious...
The market gave a gap down of 3% due to the U.S. Fed outcome.
Nifty opened below 20DMA and consolidated whole after an initial up move.
The market closed between the hourly 20 and 200 ema and remained in a range.
On 15 minute analysis, it took rejection from 20 ema and closed just below it.
Support:- 17280,17220,17100
Resistance:- 17380,17480,17600
Wait for...
Just as we had been stating in our Morning Mantra updates, similarly we can observe that currently, Nifty has been facing a Resistance at around 17600-17900.
So, as per the current scenario, if in any case Nifty shows any gap down opening Today, then avoid bottom fishing. As in such a case, it will be better to wait and watch for the level of 17300.
Be...
Nifty has formed a double top pattern on the weekly time frame.
There are chances of a retracement before another up push.
Nifty has formed a Dragonfly doji on a weekly time frame.
The market is taking rejection from its 61.8% fibonnaci level and unable to close above it on daily time frame.
An inside candle formation on the daily time frame must be watched...
Good Morning,
Just as we had expected, similarly the 1st half of the Market was quite bullish yesterday. However, after which the Market went into a consolidation in a +100 points zone. Followed by a sudden profit booking, the index ultimately gave us a negative 100 point approx closing
Well as of now, it is suggested to not panic here, since we are still...
Good Morning,
Just as we had stated yesterday, that most probably the Market is getting ready to reach the levels of 18100, similarly we are being able to witness the same.
As it was a good day yesterday, since after a gap down opening in Nifty, the index has managed to show us a good recovery in its levels by giving a positive closing for the past 2...
Nifty Analysis for 25-08-2022 (Pre-Open)
NSE:NIFTY
If Nifty Opens above 17640 one can enter Long Trades immediately or any pullback for more better RR with Stop loss at 17485 levels (positionally) and hold for potential upside targets of 17800 & above. If Nifty Manages to close the day above 17800 then next targets on upside are close to 18200 levels.
Do...
Nifty has given a inside candle on daily closing.
Nifty closed almost flat and the market consolidated whole day.
The market gained in the last trading hour of trading session and closed above hourly 20 ema.
On 15 minute chart analysis, market has respected the trading zone and remained between 20 and 200 ema.
Support :- 17480-500, 17375
Resistance :- 17710,...
Good Morning!
Just as we had stated yesterday, similarly Nifty did take a pull back by giving a gap down opening yesterday. However, it gradually took a crucial support at around our stated level of 17300. On a positive note it did also manage to show us a positive closing.
So, overall we can say that Nifty is now ready to cross over the level of 18100 with...
Another reversal pattern at important juncture,
It seems like profit booking has occurred at supply zone.
Evening Star formation :
The support holds at low of first candle and same level has been tested today
17300-350 level is the point of the control zone , it has maximum volume spread.
Price pattern has created a confluence zone ,
It would act as...
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Nifty has tested its 20 DMA and gained momentum after testing the level.
Market has on the daily close basis has gained 90 point after a gap down of 130 points.
There is a V-shape recovery on hourly time frame and a Head & Shoulder pattern breakout is there on 15 minute time frame analysis.
The market has closed between 20 and 200 ema on 15 minute and gained 50...
