Slow and Steady wins the Race
The Next Week Forecast is Tricky this Time.
Chances are High that NIFTY Could Resisted again at this level.
Fibonacci Circles are recommending a small body structure at the end.
While the Pitch fork Resistance levels are quite high it could be effective until 30, Aug, 2021.
Chances shows that either a minimum of 80...
Hi Friends! Good Morning!
> Nifty PCR Below 1. OI support @14500 & resistance @15000
> Major global index are down in Europe and US.
> In the afternoon when Europe opens we may fall with them.
> OI data reveals that sentiment is negative in our market.
> But our trendline worked as support for multiple times. It can work this time also. In that case nifty...
> PCR is 0.5 and the FII have again shorted in cash and index future.
> Except Europe, all the others are falling including US.
> Data backing the market is negative like the options data, FII and global market.
But Price action is in a triangle pattern. yesterday market took support on the pattern and its up. (just take two seconds out to see our yesterdays...
Max pain strike is now at ITM.
PCR-1.31. High selling near ATM on both the sides, There may be very less chance of market being hugely volatile in the upcoming week.
FII have heavily sold on cash and DII cannot buy even half the value of it.
FII also have heavily sold on index future also. Looks like the FII have created shot positions on the market.
New open interest resistance have moved to 15500 above the all time high. Nifty has reached overbought area. World market are around the all time high and now they are seeing profit booking. Same thing can happen here also. Last two days we have gained more than the world market so selling can happen to save the profits. Do look for selling at high. Support can be...
Nifty shows a potential upside for tomorrow session. A perfect W bottom with clear diversion on TDI. The diversion is strong as the first leg of the diversion is outside the Bollinger band followed by the second inside leg. If it breaks the trend line we can expect the 61.8% levels tomorrow.
Here's a 15m chart of NIFTY. Currently, it's moving upward. +DI is above -DI, and ADX is 27 means 27>25 that shows an uptrend.
If the trend moves upward by crossing the 13550 , then the first target will be 13600 , and then if consecutive candles break the control price upwards, the next target for uptrend will be 13760 . But if it does not break the level of...
Nifty has touched the dynamic resistance (DR) level and started declining. At present, RSI is under 50 level. It's a sign of a downtrend.
Moreover, according to Elliott Wave theory, Nifty will stop climbing soon. And ABC correction will initiate from here.
Targets: 12460 - 12000 and below
Note: Selling pressure will come after a breakout of the support...
nifty levels for 24-6-2020
the white lines are waiting lines and green for go and tgt
and red lines are for short
if gap up or gap down then these lines act as support and ressistance so watcch the price action on the lines and go for trade for example if gap down and the price supports @ the red line and price action indicates buy you can go for buy...
NIFTY IT: WEEK-TECH-SHEET->3rd June 2019 to 7th June 2019
NIFTY IT moves around -418.25 pips from 3rd June 2019 to 7th June 2019, in which nifty IT break last week 27th May 2019 to 31st May 2019 top 16197.35.
NIFTY 50: WEEK-TECH-SHEET->20th May 2019 to 24th May 2019
Nifty 50 moves around +449.45 pips from 20th May 2019 to 24th May 2019, in which nifty 50 break last week 13th May 2019 to 17th May 2019 top 11426.15.
NIFTY 50: Breaks April Top: 11856.15
There is an inside-outside - inside pattern seen on 22, 23 and 24th of may respectively.
22th candle is an inside candle of 21th , 23rd is an outside candle of 22th and 24th is again an inside candle of 23rd forming an ioi pattern.
Market is long if the price breaks the high of the outside bar ( 12041 )
Market is short if it breaks the low of the outside...
NIFTY 50: WEEK-TECH-SHEET->1st April 2019 to 5th April 2019
Nifty 50 moves around +201.80 pips from 1st April 2019 to 5th April 2019, in which nifty 50 break last week 25th March 2019 to 29th March 2019 top 11630.35.
As mentioned on reference 15th March 2019 evening order
Nifty 50 attained target 1 yet to attain target 2,3 &...
When the price formed left shoulder it had enough buying power at that time.
Thus, it can be speculated that if there is no buying power, the price has rejected a lot of times to break the resistance of right shoulder.
Find shorting opportunities, even many scripts are looking bearish at this point.
NIFTY 50: WEEK-TECH-SHEET-> 7th January 2019 to 11th January 2019
Nifty 50 moves around – 137.15 pips from 7th January 2019 to 11th January 2019, in which nifty 50 did not break last week 31st December to 4th January 2019 top nor bottom.
As mentioned on reference 19th December 2018 evening order
If it continuous to break 10985.15
Buy @t Entry: 10990