Nifty will be gap up opening in today's session. After opening nifty sustain above 22390 level and then possible upside rally up to 22510 level in today's session. in case nifty trades below 22330 level then the downside target can go up to the 22210 level.
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: "The 63mts time frame is not bullish yet, but we are not bearish now. The best we can think of right now is to go neutral. If we fall back below 22295 tomorrow, we might even go short."
Nifty was perfectly neutral today after the opening candle. Since RELIANCE declared its quarterly results yesterday, we...
NIFTY Intraday Trade Setup For 24 Apr 2024
Bullish-Above 22450
Invalid-Below 22400
T- 22665
Bearish-Below 22340
Invalid-Above 22390
T- 22140
NIFTY has closed on a flat note today. Index opened with a 100 points gap up and then index turned sideways. 10 o'clock range was to be used as per trade setup but index did not break and traded within a tight range of...
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Hourly closing below 22392 then 📉 📉 22326 and 22275 ( marked on the chart )
If closes above 22403 in any hourly then 📈 📈 to 22562
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Good morning, friends! Here are the directions for April 23rd:
The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +30 point increase.
Nifty experienced a minor pullback with some consolidation...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22400 level and then possible upside rally up to 22530 level in today's session. in case nifty trades below 22330 level then the downside target can go up to the 22210 level.
Nifty is near resistance area - 22390 - 22400 for 2 reasons, In charts its at reversal fib level of 0.618 and in derivatives data showing more call writers in Nifty and BN Index and in most of the BN - bank derivatives. I am not sure how index is going to fall in next 2 to 3 days remaining in this April contract. Either fall will be steep and faster or else break...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: "I strongly think it was an intense short covering that fueled this rally and hence does not wish to alter my bearish stance. If we get past 22295 on Monday or Tuesday, I would change the stance to neutral."
Nifty snaps out of bearishness by breaking the 22295 resistance. Even though we had an unusual...
NIFTY Intraday Trade Setup For 23 Apr 2024
Bullish-Above 22390
Invalid-Below 22340
T- 22665
Bearish-Below 22190
Invalid-Above 22240
T- 22000
NIFTY has closed on a bullish note with 0.86% gain today. It opened with a big gap up and traded between 10 o'clock range for the whole day. However buy levels was respected as support irrespective of the gap up opening....
In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
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Nifty has been trading in the bearish zone and might be this is the retest as it has closed around 61.8% fib level.
Market has taken support from the previous low of around 21800 and recovered closing around 22300 levels.
There was a consolidation after a gap up opening and it closed around the opening price. If the market gives a gap down opening, there will be...
22245 -- 22312 ( No trade zone )
Any hourly closing below 22245 then 📉 📉 to 22191 and ( 22087 pending target)
If it rejects from 22312 also applicable
1hr closing above 22312 then 📈 to 22375 -- 22400
Any hourly closing above 22400 then bullish 📈 📈 to 22563 (24th April)
Disclaimer:
It's a personal view not a financial advise and I assume no...
Nifty and BN doing SL hunting and Nifty is reversing and trend - bearish resuming from reversal point and strong resistance area... I am expecting bigger fall today and this week. if world equity and HDFC Bank support fall will be fast.
Good morning, friends! Here are the directions for April 22nd:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +160 point increase.
Nifty had a solid pullback in the previous session. GiftNifty...
Friday 19th april nifty price ended at resistance line with out giving any indication whether price will get rejected or resistance line will be broken for further up move. In my view till resistance line holds price to test the support area and in my view more chances of breaking and moving below is more possible.
Island Reversal,
A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend.
Rsi divergence implies a change in relative strength as compared to price movement.
The price has come out of the regression channel.
Probably we are in the 4th wave, which means we have completed the top of the...
In this video, we'll discuss about Today's Market Movement and Tomorrow's Analysis in Nifty, Banknifty and other segments too.
Whether you're a seasoned trader or just starting in the stock market, this analysis will help you in Learning about Market. Let's get right into it!
✅I hope you liked the analysis. Be sure to hit that LIKE.
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