"Good morning, friends! Here are the directions for February 7th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bullish trend. It might open with a gap-up start, as indicated by Giftnifty showing a +110.
Nifty has a pullback structure as expected from the last session. So, there...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “The chart pattern is not at all bearish, in fact, it is more bullish than bearish. But we all know for an upward move, the resistance has to be knocked out whereas the support has to be breached for a downward move. For tomorrow, we wish to maintain our neutral stance and wait for some directional clues to...
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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There is still a monthly fair value gap sitting at 21137.20, which I believe will be filled this month only. Now the current prices look bullish on the daily as well as hourly charts, meaning the prices might push higher towards the all-time high and then it might begin a down trend to reach the monthly fair value gap.
For tomorrow, if market opens Flat, I will...
As per our time based research, we are looking for some fall in Nifty from 9:45 - 10:00 which may extend till 12:30 PM.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India
#Nifty
Good morning, friends! Here are the directions for February 6th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to a slightly gap-up start, as indicated by Giftnifty showing a +20.
Nifty has had a reddish sentiment in the past two...
Today, I marked my support and resistance levels in NIFTY Chart. Yesterday also, marked moved within my support and resistance levels. Check out my yesterday's level you will get to know.
I'm expecting a fall today. Let's see
If it's useful, please like and follow
Today Nifty opened with a gap up around 21920 and after consolidating at upper levels around 21960, we saw sharp selloff for 225+ points.
For tomorrow, if Nifty sustains above 21850, we expect to see 21890 and upper marked levels. On the other side, if Nifty breaks 21720 on the downside, we may see 21680 and below marked levels on the chart.
Expectations:...
NIFTY Intraday Trade Setup For 06 Feb 2024
Bullish-Above 21970
Invalid-Below 21920
T- 22150
Bearish- Below 21720
Invalid-Above 21770
T- 21525 21315
NIFTY has closed on a bearish note with 0.38% cut today. In the we discussed in detail that index formed a bearish reversal candle at an important resistance level in daily TF. Below 21800 our short trade is...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: ”The buildup from 24th Jan to today is a Double bottom (W) pattern and a small bullish trendline. All of which leads to confusion on what gets the highest priority. We would like to continue with the neutral stance for Monday with a slight advantage to the bullish side.”
4mts chart
The 21913 support and...
Ascending Triangle Bullish Breakout
Be a conservative trader in the lower time frame of 15 mins, wait for the level breakout, and close and our entry should be above the previous candle high.
use this spot chart and do positional option buying or future buying.
Entry Above: 17980
Stop Loss: 17700
Target: 18380
As we discussed yesterday, NIFTY made a bearish movement after 2 pm with a nice volume.
If we look at the chart data:
Price has broken the pattern to the downside, now trading at 200 EMA. RSI has already gone below 40. Price is trading below EMA(13,50). Today, the selling volume was quite high.
If we look at the OI data:
PCR = 0.72,...
Please find below simple resistance and support:
Resistance: 21818
If crossed up then will see upward move as follows:
Target 1 : 21987
Target 2 : 22054
Support: 21725
If crossed down then will see downward move as follows:
T1: 21719
T2: 21652
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED...
As I said, in my last analysis, nifty might be looking to reach into the monthly fair value gap at 21137.20, which means we can still see more bearish action from nifty in the coming days.
In case we might not fill the value gap this month, on the short term, we still have a one hour discount at 21589.35.
So for tomorrow nifty might move a little bit up to fill...
Today, I marked my support and resistance levels in NIFTY. I'll be trading based on these levels.
I'm planning to publish post-market chart as well. Kindly check that as well. If you think it's useful, please like and follow
