BankNifty Analysis - Stance Bearish⬇️ BankNifty was more dramatic versus N50, it went ahead and rallied 1093pts ~ 2.35% and ended up taking out the crucial resistance of 47465. The momentum favors a stance change to neutral, but I would like to wait for one more day for confirmation. The lowest point of the day was hit in the opening candle and the highest point...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: On the higher TF, we wish to maintain the bearish stance even though we did not get a 63mts closing candle below 22051. I am hoping that we may get one in the forenoon session tomorrow. Unseen momentum on Nifty50 today, we woke up to the bad news that Israel has launched counter strike on Iran, and Gifty...
I'm considering another short on the index. Here's the breakdown: Geopolitical Risk: The threat of World War 3 casts a shadow of uncertainty over markets. In times of crisis, investors tend to sell stocks and seek the safety of assets like gold. Tech stocks usually bear the brunt of the selloff. Overheated Tech: The tech sector has been thriving, but...
Nifty Weekly Analysis For 22-04-24 to 26-04-24 22300-22400 is Major Resistance For Nifty. 21700-21800 is the Support for Nifty Next week. 21800-22400 is the Range for Nifty Next Week. 22400 is a key Level as we can see both reversal & Continuation. If Nifty Sustains above 22400, more upside possible and Targets are 22500/22600/22700. If Nifty rejects from 22400,...
IT sector is clearly bearish and so many lay off.... where is growth when number of employees reduced in 100's and 1000's every were ..... linkedin is full of OpenToWork status !!!
NSE:NIFTY Highest Call writing of 48.27 Lakh at 22300 Strike followed by 46.07 Lakh at 22200 Strike. Maximum Put writing of 70.05 Lakh at 22000 Strike followed by 42.24 Lakh at 21500 Strike. Index may face resistance near 22200 - 22300 and retraces if reaches near that level due to weekend and Israel Iran Tension. Index has strong support near 21990 - 21950...
NSE:BANKNIFTY Highest Call writing of 26.11 Lakh at 48000 strike followed by 17.84 Lakh at 47500. Highest Put writing of 15.12 Lakh at 47000 strike followed by 12.48 Lakh at 47500 strike. Index may face resistance near 47750 - 48000 level and retraces if index reaches in the area due to weekend and Israel Iran war tension Index has support near 47000 level...
NSE:CNXFINANCE Maximum Call writing is at 21400 strike with 8.06 Lakh followed by 7.38 Lakh Call at 21200 Strike. Maximum Put writing is at 10.66 Lakh at 20500 strike followed by 4.74 Lakh Put writing to nearer strike at 20600. The support level is shifting down to 20500 - 20600. Index may face resistance near 21200 - 21330 level and less likely to cross 21350...
NSE:NIFTY_MID_SELECT Maximum Call writing buildup of 12.82 Lakh is at 11100 strike followed by 9.46 Lakh at 10900 Strike and Put writing of 12.28 Lakh at 10500 Strike followed by 10.66 Lakh at 10700 Strike. Index is closed above support level of 10750. Index may face resistance near 10850 - 10900 level and less likely expected to go beyond 10950 level due to...
in asia session price have given a displacement upside and hear a small fvg with order block best poi for buy at this level.
Nifty is trading in this channel from a long time and respecting the same
Nifty opens gap down almost -150 points but into second half bulls were back into the market and made days high that is 22179. (which means nifty recover 150 points from bottom and another rally of 150 points which means total nifty recovered by 300 points). Nifty has formed a big green body candle with long lower shadow and upper shadow, which indicates buyer...
Guys... I am sharing my analysis of Nifty over a longer time frame. The Elliot waves are marked on the chart. Nifty is currently in the wave 3 of the primary cycle. This primary cycle runs in smaller intermediate waves. Wave 1 started on April 2023; Wave 3 from November 2023; Expecting wave 4 to end by April 2024, and we can expect wave 5 to begin from May...
US said Israel hit Iran and this will impact US equity due to risk on oil. Mostly US equity do not change trend so easily with out testing ket levels.
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...
#Execution only after break and close above or below from resistance or support 15-minute candle. #Stop Loss above or below from resistance or support 15-minute candle. (S/R Levels Will be Flipped in The Situation of Gap up OR Gap down Open, Support Will Turn in Resistance and Resistance Will Turn in Support) (This Analysis and idea is based only on support and...