"Good morning, friends. Here are the directions for December 26th: The global market sentiment is moderately bearish, supported by the Dow Jones, while our local market sentiment shows a similar trend. It might open with a neutral to a gap-up start, as indicated by Giftnifty showing +45.
If the market sustains the gap-up or consolidates, we can expect a range...
NSE:CNXMEDIA
Nifty media is the participant that will contribute in the 2024 rally.
Nifty media has started forming a horizontal resistance around 2500 zone on a weekly chart After 2.2 years of consolidation it has approached the resistance with some strength and now within some weeks it can break out from this range.
Keep an eye on the sector and its...
The market Facing a third rejection point from the upside and it's near the Golden Fibonacci ratio zone if it's broken then the buyer will be in a weak condition then we see a fall from there if the market opens flat or 20-30+- point So a little retracement(nearby 47830) should be taken in the market, due to which some of the upper stop loss will be hit and then...
support zone
47172-trendline
resistance zone
trendline - 48219
Based on the OI percentage, 64 stocks saw long unwinding, including JK Cement, NALCO, Deepak Nitrite, L&T Technology Services, and LTIMindtree.
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support zone
21033-20969
resistance zone
21543-21593
Based on the OI percentage, 64 stocks saw long unwinding, including JK Cement, NALCO, Deepak Nitrite, L&T Technology Services, and LTIMindtree.
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The FASP for Nifty is listed for 26-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
The FASP for BankNifty is listed for 26-12-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities.
What is Fibolysis Anchor SupRes Points(FASP)?
It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
NIFTY Levels for Today
Current Trading Price: 21349
Resistance: 21352
Proposed upside targets if the resistance is broken: 21390, 21430, 21501
Support: 21304
Proposed downside targets if the support is broken: 21243, 21182, 21101
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels.
The SL (Stop loss) for...
BANKNIFTY Levels for today
Current Trading Price: 47491
Resistance: 47662
Proposed upside targets if the resistance is broken: 47782, 47903, 48043
Support: 47420
Proposed downside targets if the support is broken: 47324, 47250, 47140
Please consider these levels only if there is movement in index and 15m candle sustains at the given levels.
The SL (Stop loss)...
As we can see despite the bearishness, we managed to see a strong REVERSAL from the trendline followed by last month hence maintaining itself in the range hence for a directional move it must sustain on either of the zone and any signs of REVERSAL around these trendline could be an great opportunity to make positions with great R:R so plan your trades accordingly.
NSE:NIFTY
25/12/2023
Overview- Oil prices rise amid tensions in the Red Sea. An Indian flagged oil tanker was target by the terror group Houthis. China's industrial output surges by 6.6% in November. Bitcoin miners saw transactions go upto 300% in 2023.
Outlook for 26/12/2023- Nifty50's weekly chart shows first red candle in 8 weeks. Markets do look overbought...
In this chart, there are levels to watch out, as the market is very confusing, especially a Bank Nifty and Nifty due to its volatility the market is very risky to know the trend, so I have some analysis to show for the people who are doing option trading.
I had gone through several indicators, but I prefer to go with the simple method of analysis.
Please let me...
*Nifty50 Support and Resistance Levels:**
- **Support Levels:**
1. 21300
2. 21200
3. 21100
- **Resistance Levels:**
1. 21450
2. 21500
**Analysis:**
- The support levels at 21300, 21200, and 21100 are identified as crucial for potential downside movements in Nifty50.
- Resistance levels are outlined at 21450 and 21500, indicating potential hurdles for...
Bank Nifty Support and Resistance Levels:
- **Support Levels:**
1. 47400
2. 47200
3. 46940
- **Resistance Levels:**
1. 47650
2. 47800
3. 47900
**Analysis:**
- The support levels at 47400, 47200, and 46940 are identified as crucial for potential downside movements in Bank Nifty.
- Resistance levels are outlined at 47650, 47800, and 47900, indicating...
Hi Traders!!!
Bank nifty is showing head &Shoulder on 15 min time frame. This will push down the bank nifty to 46800 level. The bearish global cues may even push it hard.
Please analyze yourself before relying on this analysis
Cheers!!!!
