Index has a minor support at 10770 levels and strong support for the day at 10750 levels where mid term moving average is lying. Index has a resistance at 10880 levels for the day of 18 Jun 2018.
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Nifty has a strong support at 10550 levels where mid term Moving Average and Fibonacci levels are lying and strong resistance at 10930 levels where peak of May 2018 is lying. If Index manages to break these levels on either side than we can see 10300 levels on down side and 11200 on upside.
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Double Top and Bearish Engulfing candlestick pattern formed on Nifty. It is a signal for bear to takeover the nifty from bull. Fall will start from 10440 to 10396 / 10330 and possible to reach 10240. "Happy Trading"
After doing analysis, I can confirm that Nifty will settle around 10200 at the end of this year! The above pictures just sows the simple sample and prediction of my analysis, I haven't included any technical drawing on the above picture, because I have done the analysis on my personal charting tool!
Fantastic Finish to the expiry yesterday as we saw Nifty close above 10k and display a show of strong bullishness. The spot Nifty charts however are indicating that the Nifty has tread into strong resistances as we can see from the charts above. The resistances seen here does pull the plug on the markets for now as we are witnessing a median line resistances ...
We are repeatedly discussing this is completely inflated bull run and I'm not sure how long this run will exist but the longer the inflated run, the bigger the correction. We are all gonna love it, we will rock with bears thats for sure but just wait for it. Now its not the time, so whatever the bullish run offers bag it. There is not even slightest retracement ...
Hi,
As i mentioned yesterday Nifty didn't touch 9018 level, Nifty fell into the range bound for another couple of days.
As per Elliott wave count Nifty finish its 5 of 3rd wave and 4th wave would be Range bound. Target for this corrective wave is 8700 - 8692. Its very tight range we can enter BUY on those level to capture the final leg of this entire B wave i.e. ...
Hi,
NIFTY approaching strong resistance zone 8975 - 9018, Wait and sell on 9018 level. If this level is not reached by today we can expect further correction upto 200 points.
Today is major GANN pressure date, today we can get reversal on 9018 level. If this not happen means wait for another one month upto APRIL.
But long term view market fell to 6725 with in ...
After good upside most likely Nifty prices are supposed to halt at 8940. In case you are positionally long its time to either exit your positions in profit or protect your profit with SL.
161 Level of Fibonacci have 50/50 expectancy to keep prices down for some time
MACD has generated crossover to denote beginning of next price cycle. In case Nifty generates a Bullish Belthold at this level new long position will open.
Two things to keep in mind
1. Bullish position will not open without bullish belthold so not advised to go long before you see an actual belthold.
2. The price cycle in formation is 3rd price cycle, price ...
It looks like Second Price cycle for Nifty has began and most likely we might see Nifty hitting 8761 in February. For now it seems like we may see some sideways move till end of month. For now it is good to wait for Nifty to complete sideways movement if it begins tomorrow.
