ResponseInd : Looks ready for a falling wedge reversal Wait for it to breakout, around 283 levels
The EURUSD pair has lost momentum after briefly recovering from the 21-EMA support level. Traders are now focused on upcoming US job reports, including the Initial Jobless Claims, ADP Employment Change, and ISM Services PMI. This cautious mood is making it hard for the Euro to gain traction. Multiple catalysts lure Euro bears The EURUSD pair has been stuck in...
It's quite likely that Bank Nifty remain sideways this week. Next week could possibly be trending. Trending move this week is done. Wait for price action to take fresh positions next week. Avoid trading scraps else, your premium will be eaten by the Option seller.
IIFL : Great Breakout(s) observed, Cup and handle and Flag Pole. Stay Long only above 340 with immediate support at 319
After touched trend line and EMA 200 at 2499, GOLD has a correction. I expect that it can grab liquidity at 2487-2484 and keep the buying momentum to 2506. My plan for Gold : BUY 2487-2484 SL 2480 TP1 2494 TP2 2497.5 TP3 2501 TP4 OPEN
Nifty is going to remain sideways to sideways bearish this month. I don't see any kind of trending moves. If at all some move presents, it could be some short covering with not much scope. This is the kind of market for Strangles and Condors. Ideal for sellers. Buyers to avoid Nifty.
Near Strong Support R:R is fine 510 has strongest support Waiting for pullback
Hikal : VCP Breakout seen Need to sustain 355 levels Resistance around 365 levels
These Levels are based on purely mathematical calculations. Validity of levels are upto expiry of current week. How to use these levels :- * Mark these levels on your chart. * Safe players Can use 15 min Time Frame * Risky Traders Can use 5 min. Time Frame * When Candle give Breakout / Breakdown to any level we have to enter with High/Low of that breaking...
Current View BankNifty's current view differs slightly from Nifty. If the market opens with a gap-up, we can expect it to reach a minimum of 78% on the upside. After that, if it consolidates or breaks this level, it could move higher. > The potential, however, will be determined by the strength of the breakout. With a solid breakout, we can expect the minimum...
Good morning, friends! 🌞 Here are the directions and levels for September 5th. Market Overview The global markets are maintaining bearish pressure, as indicated by the Dow Jones. Our local market has been showing a moderately bullish sentiment. However, based on a 90-point positive signal from GiftNifty, we may see the market open with a gap-up today. Both...
Good Morning Everybody! Sept. 5, 2024, Thursday As we discussed in yesterday's commentary, NSE:NIFTY opened near the exact marked support and bounced from there in the second half. NSEIX:NIFTY1! is hinting at a gap-up of nearly 100 points. However, do not assume this indicates new buying. Today is the weekly expiry of the index, so a short covering rally was...
a) Stationery products viz. school and education products, fine art and hobby products, and office products b) Procuring paper pulp and supplying them to paper mills c) Procuring and supplying bag fabric to other bag manufacturers and using it to manufacture its products viz. school and office bags
bank nifty broke a huge trendline, try to take support on that same line, but rejected from the another trendline I draw. also rejected from resistance 51439. Note : ill update market sentiment and updated charts on comments.
Nifty currently try took support at 25206 Note: I'll update market sentiment, updated charts on comments
Wyckoff developed a price action market theory which is still a leading principle in today's trading practice. The Wyckoff method states that the price cycle of a traded instrument consists of 4 stages – Accumulation, Markup, Distribution, and MarkDown. 👉TEXTBOOK EXAMPLE Accumulation Schematic: Wyckoff Events and Phases Price Action Analysis And this is the...
NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly,...
BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level....