NIFTY Weekly Suggest BUY -- Targets 23500+ by April 2024
History Repeats itself. From charts it is very clearly indicating Replica of past Rally & Targets coming to 23500+ by April 2024.
Happy Investing.
NIFTY Intraday Trade Setup For 11 Dec 2023
Bullish-Above 21010
Invalid-Below 20960
T- 21141 21300
Bearish-Below 20850
Invalid-Above 20900
T- 20684 20543
NIFTY has closed on a bullish note with 3.46% gain last week. Whole gain is added in our basket :) as we have longed from 19880 which was planned on 27 Nov. After the breakout of 20222 we opted to ride till...
Nifty important levels to watch are as follows
#Support: 20930
Sell below: 20930 only on 15 minute candle closure below the level.
Target 1: 20885
Target 2: 20850
Target 3: 20800
#Resistance: 21010
Buy Above: 21010 only on 15 minute candle closure Above the level.
Target 1: 21050
Target 2: 21095
=> # Remember each level will act as a support and...
Nifty Intraday Prediction Levels for 11 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or...
As we have been discussing in our last post, NIFTY's bullish momentum has performed as we discussed. Now, NIfty is facing resistance, as can be seen on the chart. It's still forming a higher High. But it is not able to make a higher LOW, which shows the weakness in the bullish trend. In the OI data, we can see that 21000 is showing huge resistance.
I am expecting...
As per chart, Nifty has given triangle pattern break out. It was Retested triangle pattern support and successfully bounced from19250. Nifty also break all time high 19995 which is bullish sign for considerable gain now. It may consolidate here and then resume it's upward journey towards 21320 and 23320 soon.
Nifty Analysis
Recap from yesterday: “Tomorrow’s RBI’s meeting @ 10.00 AM is going to be a decider — no level of technical analysis can predict when there is a news flow expected. I wish to maintain my long stance as of now although it’s itching to go neutral.”
4mts chart link - click here
Nifty had a gap-up opening and because of that, it defended the ground....
Nifty Intraday Prediction Levels for 8 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or...
Nifty Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or...
"Good evening, friends. Directions for December 8th: there is no significant difference from the last session. The global market sentiment is moderately bullish, supported by the Dow Jones. However, our local market sentiment shows a bullish trend. It might open with a neutral to slightly gap-up start.
We have an RBI monetary policy announcement tomorrow; the...
NIFTY Intraday Trade Setup For 08 Dec 2023
Bullish-Above 20970
Invalid-Below 20920
T- 21090 21235
Bearish-Below 20850
Invalid-Above 20900
T- 20684 20558
NIFTY has closed on a slight bearish note with 0.17% cut today. Nothing triggered as per trade setup just like BANKNIFTY yesterday. 10 o'clock range was intact whole day. Till now our TSL in long (from 19880)...
Nifty is forming a double top pattern on hourly time frame and we expect to see weakness emerging near 21000. One can sell Nifty @ 20900 with the SL of 21120 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
🐂 Market Outlook
📈 NIFTY continues its upward trend, while Banknifty indicates signs of profit booking.
📊 Chart Analysis:
NIFTY exhibits a hanging man, while BANKNIFTY shows a bearish engulfing, suggesting a potential pause or dip.
📈 Open Interest:
Option chain remains neutral with support at 20900 and resistance at 21000.
🔄 PCR (Put-Call Ratio):
PCR at 0.8...
NIFTY Intraday Trade Setup For 07 Dec 2023
Bullish-Above 20970
Invalid-Below 20920
T- 21090 21235
Bearish-Below 20850
Invalid-Above 20900
T- 20684 20558
One more green gain added in our bullish favor. NIFTY has closed with 0.4% gain today all contributed through gap up. As per 10 o'clock range breakout it gave a small move of 35 points in the downside below...
Nifty Analysis
Recap from yesterday: “For tomorrow, I prefer to hold on to my long stance with 20690 as a reversal level. If the uptrend is intact — we hope to see the laggards also catch up with the winners shortly.”
5mts chart link - click here.
It might look like we had a lot of action today seeing the final gains at 82pts ~ 0.4%. The truth is - these gains...
