Nifty bank bulls after the strong rally continue to face hurdles in the zone of 0.38% and 0.5%. The rally from the new base of 37000 is highly encouraging. While the price action may suggest like a pause on close basis, it is actually time bound correction that is on here. The new base shifts to 37200 while this hold 38200 is a level bulls try to conquer. This may...
With the exemption of a few selected cryptocurrencies in the green on Friday, the entire cryptocurrency market continued to wade in deep-sea waters, unable to stay afloat. Solana’s downside potential was impossible to contain at $150 and $144, resulting in another flash drop below $140. Meanwhile, TRON had slipped below $0.07 bringing the accrued weekly losses to...
On Monday we see huge rally after breaking 35500 resistance. From here there are multiple resistance on every 500 points. Those resistance will be our target, breaking above previous resistance. Trend is shifting from bearish to bullish. Trade setup Buy above 36500 target 37000. There is no selling setup yet. For selling need to observe inrtaday development.
Among the sectors which has been under performing for the greater partof the last decade. Sun Pharma above 855 could start to catch momentum and continue to move much higher. I would pyramid upwards above 900. SL for the first part of the trade (buy at 855) would be 780. Once the 2nd buy is made SL can be shifted to 855.
BN swing Lows has been shifting on upside which shows the buyers are not allowing BN to fall..Although early to say if todays low n previous swing low of 34233 is not broken than BN has good chances to move up..More confirmation if it closes above 35600
Good Morning! Just as we have been stating since few days now that Nifty is trading in a super consolidation zone. Similarly, we did witness the same yesterday also, as Nifty traded in a sideways zone for almost the entire day. But again, fortunately by the end of the day we had also witnessed a closing of above our predicted level of Resistance at 17220, which...
Indian economy is expected to record a sharp V-shaped recovery as the business environment normalizes. Despite this, Indians should overcome the home country bias and ideally consider diversification of portfolio through investment opportunities in international markets. This will diversify the extant geopolitical risk associated with emerging economies,...
Sentiment Analysis 1. Today FII selling was lowest 2. Market was holding the gap up for two days 3. Most of the call buildup are shifted from 1700 to 17200 From the Price action....if the first 5 min candle is green tomorrow market will be bullish till 17200 Further price action after 1.30 pm at 17200 will suggest the expiry if FII will come and start...
Clear Diamond pattern found at the top of a bullish trend, indicating reversal. RSI has also shifted in the bear range.
Good Morning! In reference to our stated level of support for the index, which was shifted to 16970, we did observe that even after making a low of 16909 during the Market hours, Nifty had ultimately managed to give us a closing at a crucial level of 17000 approx. Well, as of now, it is being expected that due to the festive vibes, the Market will still...
The support zone of 17250 to 17560 needs to hold for now. Today' Nifty has started with a gap down, the bias seems to be shifting downward. Closing below 17250, may most likely take nifty to quickly test the two lower support levels. The 200dma range seems very doable for now. Crossing and sustaining above 17600, will invalidate the move below. Majorly, the...
Let's get it straight. There are only 2 possibilities for NIFTY 50 from here. Both the possibilities are explained below: Possibility 1 The chances of this possibility are high because there is nothing wrong with the fundamentals of the companies in NIFTY50 and the INDIAN economy. I believe the markets are deliberately brought down for big investors to...
1/2021-Aptus Value Housing Finance Aptus - Structure forming - Lower Highs & Equal Lows structure shifting is in process. A breakout is expected if stocks successful in closing above 356 for a tgt of 380 /400 with a stop loss of 315 on closing basis volume trend is rising on price rising and low on price decreasing. RSI is above 60. Disclaimer : only for...
Nifty has been consolidating from the last two trading sessions between 17200 and 17370 levels. Since Nifty has corrected around 400 points from last week, according to me a quick pullback is expected anytime soon. The overall trend is still bearish and with Nifty trading below 44-EMA on the daily chart. Nifty has to close above this level for the further upward...
Short Market Report Nifty closing above 17500 shifts things more towards the bullish bias. But don't confuse with bullish reversal. Today it formed a Doji with a long down wick. That's what we call a dragon fly Doji. It usually suggests a bullish reversal. But there are certain criteria to confirm that. It has to be at the end of a major down move, it has to form...
we are nearing end of an expanded flat correction post 5 wave impulsive rise.Now we can have two possible scenario which can unfold from here which are as follow's: Scenario-1:Considering entire 5 wave impulsive up move as wave 1 of an higher degree and the flat correction as an wave 2 of higher degree,we can see start of an wave 3 from here. Hence tomorrow if we...
Nifty 50 index which is known as Indian stock market leader how to perform leader in coming days we try to understand. our nifty 50 index trade in bearish cycle for short time frame on daily chart and corrective wave on longer time frame on weekly chart. 1. First we try to understand on weekly chart 16000 sixteen thousand is major support level. 2. Daily analysis...
Nifty This is not a fresh recommendation - In our earlier post we had warned about trouble times for Nifty based on the chart set up - we had also highlighted the possibility of Nifty breaking Support line based on the 2-3-5 Rule ( in the 5th attempt, the chances of breaking the support line is higher) Well, 2-3-5 Rule works its magic... As it was the 5th...