Last Session: 🟡 #Nifty Fut traded in narrow range of 17820-17935. Lack of participation before weekend. Expansion will give direction. 🔴 #BankNifty faced resistance near 38112.75. Bullish trades can be initiated once it clears this headroom resistance. 🔴 FII's were net seller of 1000cr. DII's also sold 515 cr equities. Monthly expiry; lets wait for more data...
Previous Session: 🟢 #Nifty Fut traded within the narrow range of 17530-17618. Narrow range breakout can give fresh direction to market. 🟢 #BankNifty took support near 36985It can move higher with support from the global cues. A #Short covering candidate. Technicals: 🟡 Momentum indicators RSIStairs continues to remain overbought in Nifty D(73.03), W(78.34),...
Previous Session: 🟢 #Nifty took support near VPOC and sharply recovered and closed near day high paring the early morning losses. 🟢 #BankNifty took support near VPOC and 36588 polarity level and sharply recovered 2% closing near the day high. 🟢 #Nifty made a #VSABreakOut candle on daily charts. #RSIStairs regained 55+ levels in 75M charts with bullishness 🟢...
Notice the slope of moving average and trade in that direction in lower time frame. Faster Slope: Up Slower Slower: Up Direction: up Faster Slope: Up Slower Slower: Down Direction: None Faster Slope: Down Slower Slower: Up Direction: None Faster Slope: Down Slower Slower: Down Direction: Down
i fail to understand how come this is just rising and rising.. nonethe less, good for short tern longs .. lets see cmp 832
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ICICI Prudential Futures Buy idea LTP: 479.45 Support: 460.75 Resistance: 538.55 (539can be considered as a breakout level too) Daily charts (long term) The charts a bearish, head and shoulder pattern from 2nd Dec to 12th March. The pattern was followed by a breakdown to 433 levels after which there has been a recovery since 22nd March and finally the pattern...
Even I'm wondering how I get these title's in minutes. ok, lets not boast so back to analysis of Nifty ! So what are the components of today's chart ? We got, (i) Bullish Gartley - The Gladiator (ii) Bullish ABCD completion (iii) Elliot wave counts (iv) Trendline in Support zone We have the Gartley & ABCD pattern completion in our support zone 8500's (approx.)...
Morning session was choppy and volatile. Afternoon session movement was good. We have 2 trend deciding zones. 22400 - 22420 and 22480 - 22520. These zones will act as support/resistance. Pattern : None. Range : Medium. Trend strength : Normal. Buy Above : 22520. Stop Loss : 22470. Targets : 22560, 22600, 22640 and 22680. Sell below : 22380. Stop Loss :...
We had a very narrow range move on friday. And we have the trend deciding levels 22300 - 22320 and 22000 - 22040. Price have to take support from these levels in case of gap up or gap down. Pattern : None. Range : Medium. Trend strength : Normal. Buy Above : 22200. Stop Loss : 22160. Targets : 22240, 22280, 22320 and 22360. Sell below : 22120. Stop Loss :...
BankNifty Analysis - Stance Neutral ➡️ BankNifty also does not get a stance revision today, but the progress it has made in the bullish direction is commendable. The first thing it did today was to defend the descending trendline (see encircled region). And from there it almost followed a steady 45-degree climb - showing strength. Except for the first 45 minutes,...
Price fall down for more than 2% today and still HDFC bank have not found support. Right now price is at important level 45000. Pattern : None. Range : Medium. Trend strength : Normal. Buy Above : 45040. Stop Loss : 44940. Targets : 45140, 45220, 45300, 45400 and 45520. Sell below : 44860. Stop Loss : 44940. Targets : 44780, 44700, 44620 and 44540. Check the...
BankNifty Analysis - Stance Bearish ⬇️ The stance for BankNifty was bearish yesterday and it is still bearish today. The highs and lows of today were more or less matching with the levels of yesterday. Visually the price action is more negative than yesterday, the reason being the highs hit today were due to gap-up whereas yesterday’s high was via fighting it out...
Patterns - Defines which pattern will be drawn depending on its status. Possible values: All, Awaiting and Reached, Only Awaiting, Last Awaiting. If Last Awaiting is selected, only one pattern with the Awaiting status will be displayed, the first point of which is located to the right of all the others. Price Targets - Defines which price targets will be drawn...
There will be a gap up opening and these levels are generated keeping that in mind. Pattern : None. Its news. Range : Medium. Trend strength : Good. Buy Above : 20400. Stop Loss : 20360. Targets : 20440, 20480, 20520 and 20580. Sell below : 20280. Stop Loss : 20320. Targets : 20240, 20200 and 20160. Check the live market updates. Hit the like button to Rock !!...
There is some good news and some bad news. Good news first - banknifty just hit an all time high of 44483.35. The bad news is that from a technical standpoint - there is no easy trades we can take from here. The gap up was 0.64% ~ 283pts that itself was enough to break the ATH. From there there was no meaningful price action. Banknifty just maintained that range....
How the day started and how it ended was similar to a bollywood movie. Just look at the encircled 1st candle and then the 1.10% ~ 480pts rally that followed. Logically the move we had in the day was in agreement with the momentum that started yesterday 14.05. But it would have been my anchoring bias, I was still looking for bearish opportunities when there was...
Rounding top formation is complete at 16820 - 16860 zone. We can expect more fall if the price break it. Buy above 17020 with the stop loss of 16960 for the targets 17080, 17140 and 17200. Sell below 16820 with the stop loss of 16880 for the targets 16760, 16700, 16620 and 16560. Time and price wait for none.