On our last day’s report we discussed the possibility of Nifty staying above the 19309 levels. It was with great difficulty that we got a closing below 19309 on Friday, today we opened right there and then had a good rally till 19370 levels. Immediately we started reversing and fell below water by 10.10. The price action is similar to the 14.00 to 15.00 period....
Today the markets tried to move in the upward direction but nifty constantly struggled to cross 19400 level as there is also 61.8% fibonacci level. Nifty tried to cross the level but couldn't sustain above it. The market has closed around 61.8% fib level and if the market again go for a dip it will be a chance to short the markets. On the hourly charts, market...
NIFTY Intraday Trade Setup For 22 Aug 2023 Bullish-Above 19430 Invalid-Below 19380 T- 19505 19595 Bearish-Below 19350 Invalid-Above 19400 T- 19250 19170 NIFTY has closed on a bullish note with 0.43% gain today. Buy triggered as per trade setup above 19380 and gave small momentum till 19425 which did not hit our target. Target was not achieved as the run...
Please do your own analysis. Market is consolidating for a big move
nifty important levels to watch are as follows #Support: 19260 Sell below: 19260 only on 15 minute candle closure below the level. Target 1: 19190 Target 2: 19110 #Resistance: 19380 Buy Above: 19380 only on 15 minute candle closure Above the level. Target 1: 19480 Target 2: 19560 #Remember each level will act as a support and resistance individually so...
Nifty Time 11:45 Nifty Support 19340-19355 Good for Buying Reason Small SL According to Wave theory and Fib 0.5 SL
Expectations: Volatile Day Intraday Levels: Buy Above - 19350 Sell Below - 19290 To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
NIFTY Intraday Trade Setup For 21 Aug 2023 Bullish-Above 19380 Invalid-Below 19330 T- 19480 19570 Bearish-Below 19250 Invalid-Above 19300 T- 19133 19020 NIFTY has closed with slight bearish sentiment last week with 0.61% cut. Our swing short has been planned on 30 Jul. Our short level is 19560 and till now it is standing with more than 1:1 gain. Our target is...
Nifty of consecutive four weeks have been forming a red candle and is making a support zone around 19250-300 levels. Market has tested another low this week but there is some buying happening around 19250 levels and it has been tested twice this week. On daily charts, market has formed another doji which signifies a confusion in the markets. Nifty has been...
L&T Daily Analysis Buy CMP 2193 Targets 2247- 2282- 2355- 2385+ Add more if you get @ 2050-2080 Sl below 2000 candle closing basis
Next 4-5 trading sessions may give the view of the market and by mid of September there will be a clear idea of market. --> Nifty support at 19260 and no immediate strong support --> Bank Nifty currently at support 43300 With these price actions, we are expecting a downward move in coming days. As the Nifty supports are weak and if the price moves 2-3% below...
Nifty Prediction for this Week: Indian Markets are in Down trend however there will be some correction. Nifty likely to test 19430 / 19500 level before it falls again and there is high probability that Nifty might test 18800 mark very soon. BULLISH trend can be expected only above 19570 Demand and Supply Zones - When price breaks the zone, Demand zone will...
The FASP for Nifty is listed for 21-08-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
There was only 1 goal for the bears today, to close the markets below 19309. Somehow they got it done today which means we are in for a bear ride next week. Let me try to explain. We opened right at the 19309 level and then fell to 19258 levels by 10.45 in a show of strength by the bears. From there there was a reversal till 12.00 where we re-touched the 19309 SR...
Analyze the time frame: Monthly : Candle engulfing Weekly: Black Crows Daily: Lower lows and lower highs are formation 1. Closed below 19375, implying negative sentiment. 2. Exit the regression channel 3. A decrease in relative strength. The triggering factor is, 1. 33/50 stock decrease. 2. The banking industry is the most affected. Moving...
Long Nifty after the BO of resistance line above 19305 SL 19240 Target 19400-19450. Expecting a bounce back from the level. This is for your educational purpose only.
"Good morning! As of August 18th, The global market sentiment is negative (based on the Dow Jones alone), while the market trend is moderately bearish. The market might start with a gap-down. After that, if the market takes a pullback around the immediate support zone, we can expect a range-bound market or a pullback continuation. If it breaks the immediate...
Nifty Weekly Analysis We have fallen 201pts ~ 1.03% between the last expiry and today. If you notice the chart below, Nifty is closely following the bearish trend line and we will get a range convergence soon. If the support line of 19309 is not breaking - we will have a bullish reversal. Global macros, India inflation data and other sentiments are pointing for a...