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...
NIFTY Intraday Trade Setup For 24 Jan 2024 Sell_1- From 21550 Invalid-Above 21600 T- 21375 21200 Sell_2- Below 21190 Invalid-Above 21240 T- 20975 20765 NIFTY has closed on a complete bearish note with 1.54% cut today. Yesterday only we discussed that index has changed its trend to bearish and a short term top has been formed @ 22124. Market opened with a decent...
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. 👍Like | 💬Comment |...
Gift Nifty indicating a gap-up opening, however, as per our time based research, we are looking for a fall in Nifty around 9:30 to 10:00 which may extend upto 10:45. Resistance levels are marked on the chart. Take trade accordingly. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India
#Nifty Good morning, friends. Directions for December 20th: The global market sentiment is bullish, supported by the Dow Jones. However, our local market sentiment shows a moderately bullish trend. It might open with a gap-up start based on Giftnifty, which shows +150. Nifty hasn't formed a proper structure, so if the market breaks the previous high, then we can...
NIFTY Intraday Trade Setup For 23 Jan 2024 Bullish-Above 21730 Invalid-Below 21680 T- 21930 22125 Bearish-Below 21540 Invalid-Above 21590 T- 21345 21095 NIFTY has closed on a bearish note last week with 1.47% cut last week. It has engulfed last two weeks gain entirely, also an sustained exhaustion gap day was observed on 17 Jan 2024. This looks like a short...
A Bullish Flag and Pole pattern is visible on the Daily chart of NSE:IRFC The Flag and Pole pattern is a bullish continuation pattern and it is visible in charts after a meaningful appreciation in the price. MACD gave Positive crossover on Daily, Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip...
A Bullish Breakout of Flag and Pole pattern is visible on the Daily chart of NSE:GREENPLY MACD will gave Positive crossover on Daily and already given positive crossover on Weekly and Monthly chart. So, expecting the momentum to continue. One can create a fresh position in the scrip as per the levels mentioned on the chart. Risk Disclaimer: The...
Stock Name: NIACL Timeframe: 1D (Daily) Chart Pattern: Flag and Pole Trade Duration: Swing Trade (3 months) Volume: Good volumes, indicating market interest. Trade Strategy: Buy on current market price (CMP). Stop Loss: ₹210 for risk management. Target: ₹332 for potential profit. Risk-Reward Ratio: Favorable.
Today Nifty opened with a gap up around 21700 and after forming a high at 21720 which was also a resistance zone Nifty kept falling and made lower lows entire day. We traded Nifty Puts in early morning and around 1:35 and booked great profit today. For Tuesday, 23rd Jan if Nifty sustains below 21540, we expect to down move towards 21510 and below marked levels....
Bank nifty monthly time frame Ascending wedge pattern formation index is almost at resistance zone, still can keep buffer of 500-700 points on higher side if wedge pattern is followed index might give good reversal going ahead. in between of wedge if observed index have retraced 3 times approx retracement are around 9%-12% and 22% on lighter note if we consider...
Ultratech spot at 10500 Weekly time frame Ascending parallel channel formation Equivalent harmonic ABCD pattern formation. counter can face resistance around current levels and going ahead. if not able to sustain higher counter will give a sharp reversal of 1500-2000-2500 points ,, keep watch. This assumption is made as per parallel channel and harmonic pattern,...
NSE is running special trading sessions to test the disaster management platform. There is no compulsion to participate in the trading for today. But if you wish to, here is the analysis that you can follow. Nifty Broke went to the downside but quickly recovered and came back inside the descending triangle pattern (Trend continuation pattern). Yesterday, It felt...
Today Nifty opened with a gap up around 21600 and after forming a high at 21670 it remained in a range 21640 - 21575 for the whole day. For tomorrow, buy only if Nifty sustains above 21725, expecting an up move towards 21770 and above marked levels. On the down side, Nifty has to break 21550 for further downside towards 21510 and below marked...
Chart Analysis: PFC has been consolidating in a small base, suggesting a potential breakout. The stock is showing signs of strength, with supporting SMAs at 30 and 50 acting as crucial support levels. The current setup indicates a strong uptrend before the consolidation phase, reinforcing the bullish bias. Base Breakout: The small base formation is a classic...
21570 is a pivot point in nifty Even if Nifty touches the point there will be a gamma spike. Shorting nifty keeping the same in mind. This is quite a risky trade so trade carefully
A heavy sell off in the markets and a single stock down by more than 8% has brought nifty down. The closing is ,below 20 SMA and EMA, around the day low. MAJOR SUPPORT :- 21500 If the above support is gone nice 100 point first target can be achieved. To carry on with the bearish move trail SL for finally target around 21280. Nifty is 2% down while banknifty is...
As we discussed NIFTY yesterday, it opened a gap down, and then buyers showed a nice momentum to the upside but sadly could not hold it. Support became the resistance and resulted in a sideways. If we look at charts now, 21380 provided massive support in that region. so now the market has created a range in 21380-21500. A break in the range will decide the next...