As we discussed Nifty yesterday, "Sideways in range bullish after a breakout." nifty gave a breakout in the morning and gave a bull momentum.
Chart data:
The Market has been range-bound in 21500-21750 for quite some time. It has struck the upper range six times now, which makes it easier to break this time.
OI data:
OI data PCR = 1.10 indicates...
NIFTY Intraday Trade Setup For 29 Jan 2024
Bullish-Above 21410
Invalid-Below 21360
T- 21627 21855
Bearish-Below 21240
Invalid-Above 21290
T- 20975 20769
NIFTY has closed on a slight bearish note last week with 1% cut. Since the update of NIFTY making a short term top @ 22124 on 18 Jan , it is in correction mode. Only Event is Union Budget which can terminate...
As we have discussed, NIFTY has been in a bearish structure for the past week. NIFTY ended sideways in the last session, as discussed in our analysis.
Now, if we look at the data on the chart, 21222 is hard SUPPORT, and 21450 is RESISTANCE. Along with it, it's making a falling wedge Pattern, which is a bullish pattern. If it breaks to the upside, the only...
These Levels are based on purely mathematical calculations.
Validity of levels are upto expiry of current week.
How to use these levels :-
* Mark these levels on your chart.
* Safe players Can use 15 min Time Frame
* Risky Traders Can use 5 min. Time Frame
* When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking...
1. Trend Analysis:
Adani Power has been in a continuous uptrend since April 2023, forming higher highs and lower lows. This is indicative of a bullish trend, suggesting that buyers have been in control.
2. Moving Averages:
The 30-day Simple Moving Average (SMA) and 50-day SMA are acting as significant supports, confirming the bullish sentiment. These moving...
Technical Observations:
Moving Averages:
The Nifty index is currently trading below both the 30 SMA and 50 SMA on the 75-minute
chart.
This indicates a significant weakness in the market, as the shorter-term (30 SMA) and
intermediate-term (50 SMA) trends are both bearish.
Key Support Level:
The market is currently trading below a crucial support level of...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: ”The issue for the bears from the 63mts chart is the W formation (double bottom). To prove they are still in the game, the Bears must create a big fall and ensure an M pattern supersedes the W. Due to the momentum the bulls got today, we are changing the stance from bearish to neutral. The first target...
Gift Nifty indicating a gap-up opening with 70 - 80 points, however, as per our time based research, we are looking for some fall in Nifty between 9:15 to 9:45 but don't hold for big targets like yesterday.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
Nifty on weekly and daily time frame has formed a engulfing candle and chance are there of market going down if it breaks below 21500 level for intraday.
It has been taking support from the daily 20 moving average and rejection from 50% fibonacci level.
If market tries to move up side it will hit the resistance levels of 21800. In case the level is crossed and...
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!
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NIFTY Intraday Trade Setup For 25 Jan 2024
Bullish-Above 21490
Invalid-Above 21440
T- 21685 21930
Bearish-Below 21210
Invalid-Above 21260
T- 20975 20765
NIFTY has closed on a bullish note with 1% gain today. Yesterday in the trade setup we discussed in detail that there is a possibility of a up move or a pullback of the impulsive down move. Idea came into...
Nifty Weekly is moving in Step form .... 21% upside after each breakout.
Breakout from current Levels of 18500 in coming weeks will make Nifty move towards 22500 in next 1 Year.
Cup & Handle Pattern Breakout on weekly channel supporting same.
Recommendation is Buy on Dips in Nifty
LTP - 18300
SL - 17500
Targets - 22500
Timeframe - 12-15 Months.
Right time...
According to our past discussion, NIFTY had a bearish nature for a couple of days. It had a nice fall today. If we look at the chart, it has broken the HNS Neck to the downside with huge volume pressure. The market might continue to be bearish in the coming days.
If we look at chart 21025, the next support point can be set as target 1 and 20791 as target 2...
Nifty Analysis - Stance Bearish ⬇️
Recap from yesterday: “Nifty was unable to get into the ascending channel despite results from RELIANCE and major banks. We suspect some weakness is haunting N50. It could completely be news/event-driven or related to the build-up for the budget session. The selling figures from the institutions may be because of this. From a...
#Nifty
"Nifty had a sharp correction. structurally, it might be in a 'C' or '3rd' wave. So, if the market opens with a gap-down, then the correction will likely continue. After the correction, if the market takes support around 21,159 or the Demand zone, we can expect a minimum of a 23% to 38% pullback wave. However, if it doesn't take support, then we can expect...
Amid the all fears of Rising crude oil prices, Fed hiking rates, Rising US treasury yields with no sign of inflation being in control or Rising Dollar index. There is no doubt that bearish sentiment has prevailed among many retail people. But one thing cannot be denied that Indian market has stayed more defensive compared to global markets.
One pattern that I...
