Nifty View: In today's trading session, it was a big 500+ points recovery from the Nifty benchmark index. This brings in a lot of volatility to the overall market conditions considering that the index had lost over 500 points in yesterday's trade. Nevertheless, even after today's bounce back, the underlying short-term and intermediate trend of the index is still...
Nifty View: Significant fall for the Indian equity markets in today's session, the benchmark Nifty index loses more than 500 points to post a close at 16,809. The short-term trend of the index is now down again, and considering the momentum with which the index corrected today, it is very likely that the selling will extend further this week. Today's close across...
GAP DOWN - Can reach Target 1 straight away and then Target 2 following a possible retest. FLAT - Retest at recent resistance is possible to reach Target 1 and if breaks Target 2 is also possible. GAP UP - Wait till breaks last session's day low to reach Target 1 & Target 2.
Nifty View: The recent bounce back extends further, with the benchmark Nifty index gaining more than 200 points in today's trading session. The intraday charts are improving as the index now deals with the immediate resistance zone of 17,450-17,550. Support from the Banking and Auto sector continues. From now on, the most critical aspect for the rest of this week...
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Nifty View: Benchmark Nifty index managed a healthy bounce back in today's trading session. At a close of 17,273 the index managed a marginal positive gain of just 54 points but what was more encouraging was a healthy bounce back from the intraday low of 17,048. At this low, the index is teasing the psychological level of 17,000, a break below which can bring in...
Nifty View: The benchmark Nifty index loses more than 300 points in today's trade. With this fall, the index goes back to an underlying downtrend which increases the probability of further downsides. But considering the fact that the intraday charts are stretched on the downside, we should not discount a short-term bounce back before any kind of further weakness....
this is not a trade recommendation #RVNL #L&T #PNCINFRATECH
Another negative close from the Nifty benchmark index today – losing 173 points to post a close at 17,110. The day's loss could have been worse, but thanks to the banking and financial stocks, especially the public sector ones, which led to a phenomenal upward momentum leading to a decent bounce back for the Nifty index from its intraday low of 16,862. The...
Strong selloff for the Nifty benchmark index over the last five trading sessions, during which the index on a high to low basis has lost close to 9%. The short-term trend, thanks to this selloff, has gone down but the intermediate and long-term charts are still holding on to its uptrend. We did manage to observe some bounce back from its intraday lows, and so the...
Confluence : 1.Around 190 days consolidation breakout 2.Weekly Breakout with Bullish Momentum 3.Monthly Breakout with Bullish Momentum 4.Trendline Breakout 5.Higher High Formation 6.All Time High
Market Setup for 21 Jan 2022 (Friday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area -------------------- ----------------------------------- 1st Support Area : 17655.93-17683.52 | 1st Resistance Area : ...
Market Analysis for 20 Jan 2022 (Thursday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area -------------------- ----------------------------------- 1st Support Area : 17775.39-17794.63 | 1st Resistance Area : ...
Market Analysis for 19 Jan 2022 (Wednesday ) ******************************************************* * Nifty 50 * --------------------- Support Area Resistance Area -------------------- ----------------------------------- 1st Support Area : 18051.60-18075.15 | 1st Resistance Area : ...
Nifty View: Benchmark Nifty index shows good resilience with another 46 points positive close for the day's trade today. So far, we have five consecutive positive daily gains from the index throughout which the index has successfully posted a sequence of higher highs and higher lows. There is no doubt that the underlying trend is up and resilient, but a look at...
The rally continues for the benchmark Nifty index as it gains another 157 points in today's trade to post a close at 18,241. A look at the last ten trading sessions, and we notice that eight of these have been positive closes - such has been the strength and resilience of this recent uptrend. Most sectors and heavyweight stocks have also participated in this...
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My thanks to my masters Trading Panthulu, Day Trader Telugu and Nayan Pokarkar. Disclaimer: This is only my view and only for educational purpose so please contact your financial adviser before investing your hard earned money.