Nifty important levels to watch are as follows
#Support: 19400
Sell below: 19400 only on 15 minute candle closure below the level.
Target 1: 19345
Target 2: 19275
Target 3: 19220
#Resistance: 19456
Buy Above: 19456 only on 15 minute candle closure Above the level.
Target 1: 19530
Target 2: 19590
Target 3: 19650
=> # Remember each level will act as a...
Nifty opened gap up and currently shorts are being covered or we can say most of them already covered. If it fall from this upper zone then we can expect these downside targets.
NOTE: always follow price action and strict STOPLOSS to prevent losses.
"Good morning, friends! As of October 05, the global market sentiment is neutral to slightly positive, as indicated by the Dow Jones. However, our market trend remains bearish. It may open with a neutral to slightly positive sentiment. Afterward, if it breaks the Fib level of 38%, we can expect a pullback continuation. On the other hand, if the gap-up doesn't...
Nifty started the day with a gap down opening and corrected along with the broader market sell-off in Wednesday’s session. However, we witnessed a recovery from the low of 19333 and it ended well above 19400 with a loss of less than half a percent. All up Moves can initiate profit Booking @ 19500 whereas All Down Moves can Initiate Short Covering @ 19350
If Nifty...
Nifty Spot Price : 19436.1 - INDIA VIX SPOT Price : 11.66 % -
Nifty Daily Range : 19293 To - 19579-
Watch Option Strike : 19400 CE
Draw & Watch The Target Points :
Watch Option Strike : 19400 PE
Draw & Watch The Target Points :
Entry Point... & Stop Loss... & Target Point ...Is Yours...
In UpTrend (CE Buy).. Or DownTrend (PE Buy).. Every Target Point Is a Buy...
Nifty Analysis
Recap from yesterday: “The orange support and resistance lines remain the same, the bottom one is @ 19446, top one at 19776. We just completed an M pattern (double top) on the 1hr TF. For tomorrow I continue to remain bearish with the support getting broken in the opening 1hr. Ideally, we should retest the 19310 support if not break it.”
The...
**Technical Analysis for Nifty 50 on 05/10/23**
**Market View:** Bearish
**Support Levels:** 19400/19300/19200
**Resistance Levels:** 19500/19600
**Analysis:**
* Nifty 50 is currently in a bearish trend.
* If the market breaks below 19400, further downside is possible, down to 19200.
* On the upside, resistance is seen at...
Banknifty has been trading in a range and closed in the same range losing 185 points.
After the first hour fall the market consolidated and remained inside the first hour candle.
On the hourly charts, market has closed below both the moving averages.
Market has been consolidating for a few day and tomorrow is weekly expiry.
Even on the smaller time frame,...
Nifty important levels to watch are as follows
#Support: 19620
Sell below: 19620 only on 15 minute candle closure below the level.
Target 1: 19560
Target 2: 19500
Target 3: 19460
#Resistance: 19715
Buy Above: 19715 only on 15 minute candle closure Above the level. scalpers can buy above 19675 for a small target.
Target 1: 19790
Target 2: 19850
Target...
"Good morning, friends! As of October 04, the global market sentiment is negative (based on the Dow Jones), while our market trend is moderately bearish. It may open with a gap down. The market structure suggests a sharp correction. So don't expect a pullback without any additional confirmation."
Hello Traders.
Nifty traded in lower range throughout the day and closed around 19528, good thing is nifty above 19500. If you Check Nifty has not closed below 19500 in last 20 sessions. Means it is simple buyers are accumulating in the range of 19475-19500. Any closing below 19500 will take nifty towards 19200 for sure. NIfty is safe above 19500. In case we get...
SPX is down 6.07% from Sep whereas Nifty is only down 0.74%. If the coupling still exists and we think of US markets as the mother market - then further pain awaits Indian indices.
There are 2 factors which could play spoilsport
1. Rising oil prices - going to cost dearly as we are a net oil importer
2. Rising dollar index - this will push down the INR much...
- On the bounce 19560 odd levels acted as resistance
- Nifty closed the day below 50 day EMA
Let’s see what Data is telling us for 04 Oct 2023…
Index Futures
Retail traders added 14382 Long Contracts and squared off 4026 Short Contracts
FIIs squared off 1327 Long Contracts and added 19261 Short Contracts
Pro traders squared off 1061 Long Contracts and squared...
Cordscable had a strong breakout today, and it's gaining attention from FII's. It's a solid company both technically and fundamentally. Consider it for a medium-term investment of 3-4 months.
Nifty Analysis
Recap from yesterday: “My stance still remains bearish with the first downside target of 19446. The moment we break 19776 on the upside — I wish to exit the short stance and go long.”
The first target of 19446 was not today even though we dropped 103pts in the opening 5mts. The low of today was 19479 breaking the recent swing low of 19492. Two...
Nifty on the daily charts, has been trading below the 20 ema and has been closing in a same range of a few trading sessions.
A retracement and a consolidation is going on and market are yet to decide which side to move.
On the hourly charts, market remained inside the first hour candle and has closed below both the moving averages.
The market has closed near...
