Get started

Niftytrendanalysis

Nifty Analysis | The Make or break of the monthly consolidation What I see is the drying pressure of bears in 1hr as making Higher lows but at the same time we are getting resistance from the same 15k LVL, nifty is residing on the gapper support and resistance created some days back, Sgx nifty is showing -200 as of now meaning breaking our gapper support lvl + a gap down below the 1hr strong trend line = bears have won the race already. Strategy: don't sell as the market opens tomorrow as many would book their overnight profits and this would create a mild short covering on a shorter time frame, what we can do now is sell on a good rise, if the risk is appreciable I will post it here only, for now, bear market awaits until we see a break of 15k lvl with a power candle and its retest and another higher low above 15k would only create a bull market for a positional basis. Also short the weaker one ... nifty or bank nifty :) Happy trading :)
NSE:NIFTYShort
by Averoy_Apoorv_Analysis
Nifty trend analysis (EOD) - in simple wayFour days ago Nifty index was its all-time high at 15431.75 now it became sideway but it does not mean that nifty has changed its track. I can see 14750 to 14700 a 14750 a big support zone( S1) for nifty. Whereas the high will remain the resistance (R1) as of now but if it breaks the R1 then the diagonal continuous resistance will be the parallel channel. Once again if it breaks S2 will become the major support. There is a divergence in RSI which clears that market will be sideway for some time. Unless the RSI line breaks the DL upwards for bullish momentum. The Flat-top channel is the production house of the volatility. So as long nifty stays in this channel move will be higher on any side. As nifty is in the bullish zone we can expect a positive move. But if Nifty breaks the channel downward including S2 then S3 will be the major support zone and bearish sentiment may catch the market. The entire chart pattern is on EOD basis.
NSE:NIFTY
by absu21
2