Morning Mantra, 9th December 2021Good Morning!
Finally, yesterday we were able to witness a wonderful closing of above 17360 in Nifty. However, the danger hasn’t subsided till yet, since just like 2nd December 2021, Nifty has once again made a high of around 17480 approx. Which in turn is still a matter of concern.
Moreover, we can state that if Today Nifty manages to sustain above the level of 17454, during the first 2 hours, then we might get to witness Nifty at 17800 very soon.
Nifty Levels 15580-15800-16200-16350
-16800-17200-17400-17700-17900-18000-18350
Regards,
Alok Daiya
Sharemarket
Banknifty Could be Go Down at Thursday.Banknifty could be go down at Thursday 18/11/2021, But if market open up from blue line which is i draw then we can see some upper targets. Important condition for upper targets:- Market Should be gap up open for 100 Points.
if market open down from blue line then we can see some down targets.
"Recommend:- Please watch market first 15 Minutes."
BANKNIFTY: A Temporary Top for a Zig-zag correctonThe current fall looks like a five wave structure which suggests that banknifty is preparing itself for a zig-zag correction. One should buy the banknifty on dips for a bounce till 40500-40800 zone & later we can sell with SL of 41800 for downside targets of 38000-37800.
Just Dial share to take long entryLong just dial above 800 . All important levels are given on charts. Very high probability to stock move up from the current level. The bullish green candle is seen at the support level. Also RSI level indicates the movement of stock & forms a positive divergence. This is for your educational purpose only.
IDFC Price Pediction and Technical AnalysisIDFC is moving in Falling Wedge in longer time frame but in short time frame it is moving in rising wedge pattern.
We can see some correction in IDFC and all the given support and resistance is marked as a red line and accordingly you can buy or sell
Pre-Expiry week's Volatiliy in Indian MarketDue to the physical settlement of stock derivatives(Futures and options) upon expiry, the margin required to trade/carry over such derivatives starts increasing gradually from Friday of the week preceding the expiry week. Forcing traders to close their positions in the pre-expiry week causes the pre-expiry week's volatility. In most cases, it results in a correction of the larger trend in the market. After SEBI has changed the margin rules for intra-day trading, many traders have moved to options thereby raising options share of net trading volume in monetary terms to almost 80%, thereby making the impact of pre expiry week very signifacant.
Like most things in market analysis, it isn't a rule but a general guideline that helps you better manage your risk better.
Nifty Ready to Bounce BackNifty looks good from here. All gaps filled, taking fibonacci support and short term trend line support. If it continues to fall from here, we might see 17800 levels, which will be too bad. OI data suggests that 18200 is the immediate resistance. If Nifty opens Gap up (High Chances) and holds above 18200 then we might see 18400-18500 by this monthly expiry.