Opened as a Gap-Up, below Resistance-Zone. Market was went to R@1 and rejected. Market was broken our Resistance and PDH then went to IMP-Zone.
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Today will be slightly gap up opening expected in nifty. 17050-17200 zone will act as a consolidation. Any major directional movement only possible after breakout of this zone. Upside 200+ points rally possible if nifty starts trading and sustain above 17200 level.
As you can see, there are multiple patterns emerging in Nifty (previous a flag which I believe failed badly). Additionally, in my understanding things are not looking so good because of liquidity issue. US Fed is reducing the liquidity which in time will make a serious impact. The infuse liquidity can double the market then taking that back would...
Another negative close from the Nifty benchmark index today – losing 173 points to post a close at 17,110. The day's loss could have been worse, but thanks to the banking and financial stocks, especially the public sector ones, which led to a phenomenal upward momentum leading to a decent bounce back for the Nifty index from its intraday low of 16,862. The...
After breaking the parallel channel, the price entered the value area.
Price has started a seller initiative by going out of the price zone.
Buyers responded more to sellers' initiatives with an excess.
At this juncture, the price has entered the value area.
The lower band indicates the demand pressure.
If the price does not stay above the lower band at 17250,...
Gap down opening in NIFTY. Expected opening near 17000 level. After opening if nifty starts trading below 16960 level then expected further downside of 100-150+ points. Any upside movement only possible if nifty sustain above 17000 level.
Gap down opening in nifty. It will open near 17000 level. After opening if nifty starts trading below this level then possible further downside upto 16830 level. Any upside direction only possible if nifty sustain above 17020 level.
Nifty is occurring a corrective wave ((iv)) on the hourly timeframe chart.
It has broken the previous corrective (iv) of a lower degree and price fall to 17377 .
The bullish scenario is valid till the price is above 17150 .
According to the Elliott wave principle, wave ((iv)) can never enter the price territory of wave ((i)).
Wave ((iv)) has retraced 78.6% ,...
Price Action Perspective:
Price is creating a value area where supply and demand are equal.
The control line of the value area has provided eight price touches to confirm the price move, and it has provided five reversals.
In this view, Nifty is on the control line of the value area at 17615 . Price has drawn a doji candle on the control line.
There are seven...
I hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market. Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
In continuation of our view presented in Earlier post. We have been continuously mentioning Correction in Nifty was Due even before any event happening like FED meeting and announcement.
We believe in working based on charts and factual data analysis. if you want to corelate market moves based on News you can get News on Daily basis. Correlating market moves...
I don't think there is a need for even more beautiful setup than this in NIFTY 50 to take off...
The rise from 7500 to 18600 just gave the momentum on the runway for NIFTY 50 to takeoff...
Many people are still afraid that NIFTY 50 will fall from here to 14000 levels....But this is the common fear in the beginning of the bull market...One day these bears will...
No need to follow any Other's tips or calls We will give you that, At what time nifty Bullish or Bearish ... Everyday morning 4:30 AM or before one day we will give you advance Nifty Prediction Chart with reversal time and bounce back time...
Nifty 50 saw a massive fall in yesterday's session after breaking it's immediate support in the first hour of trading and closed near it's next supportbaround 17100 levels.
The said support, if nifty do not sustain today , then we could see free fall of another 1000 🙈 points in this week.
Lets try to understand the following:
- Interest rate hike on the card;
- QE is ending;
- Tapper is in plan;
- Earnings are not as expected;
- Demand getting slow;
- Uncertainty Russia US over Ukraine;
- KSA and Yemen issue; and
- Many of growth stocks in US are at 52W low; and
- - (Minus) 4.1 World GDP
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Key events to watch
1. 21st Reliance results
2. 26th - Feb meeting
3. 1st Feb - Union Budget
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...