Nifty has been taking support around the round figure number of 19500 and has formed a kind of tweezer top on the weekly charts. The market has been volatile and still confused in deciding the trend. It has closed below the 20 ema on the daily charts. There is an inside candle or a halt candle after a gap down opening. Market has been consolidating in a range...
Price Range: 19200 to 19900, tight range, Charactics, Institutional Data: Heavy Selling in past 45 days, the amount is reflected in attached screenshot. Relative strength : Bullish Upside: 19800-19900 is crucial range Downside: Below 19200, Support range 18100, 17400. What should be done? 19200-19900 is NO ACT ZONE
Nifty Analysis Recap from yesterday: ”Since we are between 19446 and 19776, Nifty is still range bound — but BankNifty has fallen below the support and is looking weak. For tomorrow I wish to change my stance to bearish with the first target of 19511 and 2nd target of 19446. If we are climbing up, would not prefer to go long until 19776 is not taken out.” Nifty...
"Good morning, friends! As of October 20th, there is no significant difference between the last session, and the global market sentiment is negative, as indicated by the Dow Jones. However, our market is bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback...
NIfty seems bearish as we can see nifty has been in the range as shown on the chart. Nifty will be facing a good resistance at the level 19665 and also EMA 200 will be providing resistance on uppar side. It seems bearish for this week Reason: Price < EMAs(13,200) RSI is 40, declining shows weaknees of bulls. up side multiple resistance such as EMA...
JMFINANCIL looking good. First target 50% possible
Elliott Wave Analysis:- Flat correction taking place. Slight bull is expected before a fall (or) This may be beginning of a bull run for a short period of time. We have to watch the wave formation. I am not a SEBI registered advisor.Before taking a trade do your own analysis or consult a financial advisor.I share chart for education purpose only.I share my...
Nifty Weekly Analysis Between the last expiry and today, Nifty has only fallen 172pts ~ 0.87%. Meanwhile, BankNifty fell 1.42% in its weekly expiry (we discussed it in yesterday’s newsletter). Nifty is still range bound whereas BankNifty has dropped below the support. Usually BankNifty leads the reversals, so we can increase our expectation of a fall in Nifty...
The FASP for Nifty is listed for 20-10-2023. 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...
Finnifty levels to follow today. Finnifty is in pressure and to follow it banknifty needs to reverse from the zone. Global news may impact for sometime, as Crudeoil is trading near 85-86
Good Morning Traders, Nifty and other indian Indices has done blood bath in yesterday session. American market has also done same. Now Gift Nifty suggesting a Gap down opening in market. Option data suggested that the 10600-19500 may act as a key support area for the nifty. while the 10800-19900 will remain crucial hurdle on the higher side. Well if i tell you...
Bank nifty has broken down from double top formation at coiling at support. 44800 is key level. If Bank Nifty fails to break above that comfortably , it looking at 5k points fall
INDIAN MARKETS AT CRUCIAL ZONE CMP 19740 current trend is negative we can SHORT with 19850 CBSL -------------------------------------------------------------------------- SUPPORT RANGE 1-- 19640---19660 small reversal can be seen from here below it weak till SUPPORT RANGE 2 -------------------------------------------------------------------------- SUPPORT RANGE...
"Good morning, friends! As of October 19th, the global market sentiment is negative, as indicated by the Dow Jones. However, our market is moderately bearish. It may open with a significant gap-down. After that, the market may find support around the immediate support level, and we can expect a minor pullback (23% to 38% Fibonacci level). On the other hand, if the...
Repco home - breakout analysis for swing trade. NSE:REPCOHOME Conditions Met: ✔️ 🚀 Breakout of 2-month high resistance. 📐 Breakout of Symmetrical triangle. 🔄 Bounce from 50 Day EMA. 🎉 1.5 years high breakout. 📣 High Volume 🐂 MACD Bullish. All things indicate towards a positive momentum in this stock. What's your view?
Nifty Analysis Recap from yesterday: “On the 1hr TF, we have formed an island just above the 19776 levels. Today’s swing high has taken out the highs of 12th October. I wish to continue with my bullish stance as long as the support of 19776 is respected. Ideally, the next target should be 19907 and then 19998 if we are going up. Not sure why, but our markets are...
Today there was a nice fall in the indian markets and nifty has given closed 140 points lower forming a nice bearish candle. It has closed below the 20 ema which is round 19700 level. There are chance of nifty holding the market as there was less fall in the index as compare to banknifty. On the hourly charts, it has closed below both the moving averages and...
"Good morning, friends! As of October 18th, the global market sentiment is neutral to slightly negative, as indicated by the Dow Jones. However, our market is still within a range. It may open neutrally. If it breaks the previous day's low, the 50% Fibonacci level will act as strong support. If the market finds support there, we can expect the range market to...