"Good morning, friends! As of October 03, the global market sentiment is slightly negative (based on the Dow Jones), while our market trend is moderately bullish. It may open neutrally or with a slight gap down. The market structure suggests a ranging market, so it may move accordingly. On the other hand, if it breaks the range, either to the upside or downside,...
Weekly Timeframe is bullish Daily Timeframe has tested it's structure 4HR Timeframe has shifted it's structure to the upside Also stock has come out of half year range
Weekly Timeframe is bullish Daily Timeframe has tested it's structure 4HR is shifted bullish structure On Daily stock has also taken liquidity from the loss
Nifty important levels to watch are as follows #Support: 19555 Sell below: 19555 only on 15 minute candle closure below the level. Target 1: 19530 Target 2: 19490 Target 3: 19422 #Resistance: 19600 Buy Above: 19600 only on 15 minute candle closure Above the level. Target 1: 19625 Target 2: 19670 Target 3: 19740 #Remember each level will act as a support...
Nifty is holding the upper levels on the higher time frame is taking a good support around 19250 levels. The index has formed a gravestone doji on the monthly charts and for last three months, its trading above 19000 levels. On the weekly charts, market has shown some retracement after a good up move and has closed above the golden fibonacci levels, forming a...
Nifty is currently facing resistance at 19718 with support at 19425 level. This resistance and support are based on Trend-based Fib retracement. Break out of 19718 and sustenance above 19750 in daily candle can take nifty to level 20200 on a monthly basis with some resistance at 20000 level. Also, 50 days EMA is around 19576, and 20 days EMA is 19727 which acts as...
Hello traders, I see the Nifty has been in a consolidation. After a downfall it is consolidating and ended with a positive weekend (Friday) To start the Nifty might be in a sideways then it may go upward to test the 1st level 19600, 19650, 19700 and so on. There will be retesting after every 50 to 70 points breakout. Always stay cautious in the second half...
Nifty at a crucial juncture, below 19500 level open doors for 19200, above 19750 opens doors for 20220. On daily basis nifty has created bullish harami, and on 2 hour chart there a strong bullish divergence, breakout is about 19750 levels only!!
Nifty Spot Price : 19638.3. - INDIA VIX SPOT Price : 10.68 % - Nifty Daily Range : 19529 To - 19748 - Watch Option Strike : 19600 CE Draw & Watch The Target Points : 113--- 125--- 156--- 188--- 219--- 250---- 282---- 313 +++ Watch Option Strike : 19600 PE Draw & Watch The Target Points : 84--- 93 --- 116---- 139--- 163--- 186---- 209---- 232 +++ Entry Point......
Nifty Analysis We are beginning a new weekly, monthly and quarterly (Q3 2023-24) series today. Yesterday’s close = 19523. Recap from yesterday: “On the 1hr TF, Nifty is still looking weak. The next target should be 19446 followed by 19310 if are continuing the downward move. In case we reverse and move up, the first level to watch will be 19776. I wish to change...
Be careful if u are carrying longs for weekend. The little bounce that I was expecting is done today(almost). The deeper downside is just to begin now. The wave count I have shared is of Finnifty its similar with banknifty but nifty wave count is little too complex for me... I am not able to convincingly count it. But if both banknifty and finnifty is looking...
Good Morning Traders, It was a hilarious day for nifty yesterday, after opening that has never went back for upside, well guy's after Sharp fall nifty has broken important support zone 19600 and went down even lower than that, at some point it was showing huge bearishness when it touches 19500 levels, but it has respected the levels and closed above. For today i...
"Good morning, friends! As of September 29th, the global market sentiment is neutral (based on the Dow Jones), while our market trend is bearish. It may open neutrally or with a slight gap up. If it subsequently breaks yesterday's low, we can expect a correction to continue with minor pullbacks. On the other hand, if the gap-up sustains, we can expect a ranging...
HDFC and Reliance are charting distinct paths compared to the broader Indian market, exerting a direct influence on the Nifty and Sensex indices. The recent drop of almost 10% from their all-time highs, coupled with the breach of key support levels, raises significant concerns for these indices. The absence of immediate support levels suggests that the upcoming...
Nifty Spot Price : 19523.6. - INDIA VIX SPOT Price : 12.82. - Nifty Daily Range : 19393 To - 19655 - Watch Option Strike : 19600 CE Draw & Watch The Target Points : ----148-----164-----206----247----288-----329----370---+++++++ Watch Option Strike : 19600 PE Draw & Watch The Target Points : -----89...
**Nifty 50 Market Analysis for Tomorrow, 29th September 2023** ** interesting headline:** **Nifty 50: Key Levels to Watch for Tomorrow's Trading** ** Analysis:** Nifty 50 has good support levels at 19400. If the market breaks below 19400, then a further fall is possible. For an upside move, the market needs to close a 15-minute candle above 19600. The...
SBIN - short trade for target 590-587.7 reason - as per fibo 50% level 587.9, also my ichimoku study shows the same level as my tgt level u can opt for low risk far OTM 550 pe oct series @ 2.1 - target open , stop wud be 1 disclaimer - trade @ own risk
Nifty Quarterly Report Today’s expiry marks the end of Q2 FY2023-24. Between 28th Jun 2023 to 28th Sep 2023 - Nifty has gained 2.89% ~ 547pts. June 28 was special as Nifty had hit a new ATH that day. It crossed the crucial resistance of 18880 then. The rally that started on 28th June ended on 20th Jul wherein Nifty hit a new ATH of 19991.85. From 21st Jul to 31st...