Symbol - NIFTY50
CMP - 21980
NIFTY50 witnessing heavy selling and now slipping below 22,000 round level.
Market sentiment is weak but according to my analysis, Nifty is now trading at major support levels.
22000 - 21930 is good support range for Nifty. I believe Nifty will take support from current levels & will show a reversal from here soon.
Dow Jones is at...
Good morning, friends! Here are the directions for April 23rd:
The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +30 point increase.
Nifty experienced a minor pullback with some consolidation...
Nifty will be gap up opening in today's session. After opening nifty sustain above 22400 level and then possible upside rally up to 22530 level in today's session. in case nifty trades below 22330 level then the downside target can go up to the 22210 level.
Nifty is near resistance area - 22390 - 22400 for 2 reasons, In charts its at reversal fib level of 0.618 and in derivatives data showing more call writers in Nifty and BN Index and in most of the BN - bank derivatives. I am not sure how index is going to fall in next 2 to 3 days remaining in this April contract. Either fall will be steep and faster or else break...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: "I strongly think it was an intense short covering that fueled this rally and hence does not wish to alter my bearish stance. If we get past 22295 on Monday or Tuesday, I would change the stance to neutral."
Nifty snaps out of bearishness by breaking the 22295 resistance. Even though we had an unusual...
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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Nifty has been trading in the bearish zone and might be this is the retest as it has closed around 61.8% fib level.
Market has taken support from the previous low of around 21800 and recovered closing around 22300 levels.
There was a consolidation after a gap up opening and it closed around the opening price. If the market gives a gap down opening, there will be...
22245 -- 22312 ( No trade zone )
Any hourly closing below 22245 then 📉 📉 to 22191 and ( 22087 pending target)
If it rejects from 22312 also applicable
1hr closing above 22312 then 📈 to 22375 -- 22400
Any hourly closing above 22400 then bullish 📈 📈 to 22563 (24th April)
Disclaimer:
It's a personal view not a financial advise and I assume no...
Reliance Is going to Announce it's Q4 Result today after market on 22 April 2024 but ahead of it when we look at the chart of Reliance we can see there is positivity and it may open or touch 3000 levels and very soon we can see level of 3100.
Disclaimer - Investment and Trading is Subject to Market Risk
NSE:NIFTY as per EW on hourly charts is suggesting that terminal 5th pattern is ongoing.
Short term correction is going on downside in form of wave 4 of Terminal pattern and then wave 5 can start which can be the final rally, you can also call it as a pre election rally before a major top is in place for 2024.
A meaningful top can be form after summer solstice...
Nifty and BN doing SL hunting and Nifty is reversing and trend - bearish resuming from reversal point and strong resistance area... I am expecting bigger fall today and this week. if world equity and HDFC Bank support fall will be fast.
Good morning, friends! Here are the directions for April 22nd:
The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +160 point increase.
Nifty had a solid pullback in the previous session. GiftNifty...
Friday 19th april nifty price ended at resistance line with out giving any indication whether price will get rejected or resistance line will be broken for further up move. In my view till resistance line holds price to test the support area and in my view more chances of breaking and moving below is more possible.
Island Reversal,
A significant gap up, or sharply higher price at the open, follows an upward price trend, then reverses to a bearish price trend.
Rsi divergence implies a change in relative strength as compared to price movement.
The price has come out of the regression channel.
Probably we are in the 4th wave, which means we have completed the top of the...
NSE:NIFTY
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade...
Its an mixed bag view for nifty for few weeks as of now, its creating head and shoulder pattern in daily chart, in weekly it has created a shooting star at the top! these are bearish signs. for this bearish view to get negated nifty needs to close above 22620 level.
along with this on short term it looks like nifty will touch 21350 odd levels in the coming week...
Nifty Analysis - Stance Bearish⬇️
Recap from yesterday: On the higher TF, we wish to maintain the bearish stance even though we did not get a 63mts closing candle below 22051. I am hoping that we may get one in the forenoon session tomorrow.
Unseen momentum on Nifty50 today, we woke up to the bad news that Israel has launched counter strike on Iran, and Gifty...
Any hourly closing above 21911 then upward momentum 📈 to price level marked on the chart
Closing below 21804 📉 📉 in any 1hr 🕯 then more corrections is possible
21804 --- 21910 ( No trade zone ) sideways
Disclaimer:
It's a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
