Nifty View: An “Inside Bar” for the benchmark Nifty index in today’s session. This is a consolidation post the sharp sell-off which we noticed on Friday. Today’s gain is promising with participation coming in from mid and small caps, but its the sustenance of this bounce back which is now more important. A move above today’s high will definitely see some more...
Nifty has corrected from ATH in the past couple of sessions, which is a healthy move in a bull run. As a trader, you should be looking at it as a pullback and you should be hunting for opportunities to go long. Also, I am truly grateful for my 200 followers and I consider myself to be blessed to have you all supporting my ideas 🙏🏽
Any queries will be answered....
Nifty 14565 - We expected and posted on Thursday that SM will push down Nifty to support 14970 .But Nifty pushed further down and we find some short recovery with accumulation around 14850 which was negated and panic selling push down nifty further down with bond yield announcement. We find heavy accumulation at the end of the session. We expect Nifty has more...
Nifty View: A volatile trading session for the benchmark Nifty in today’s trade. The index did face some stiff resistance as it tried to hold above 15,150. A look at the 15min chart of the index and you will notice a clear band of supply at around (15,150-15,200). The index needs to take this zone out for confirmation of the fresh UP trend. On the downside, of...
#Nifty weekly charts worth watching. Looking at the larger picture #Nifty completed nearly 200% gains by testing 15100 this year itself considering lows of 7500. And as per weekly charts it completed 261% retracement of the whole fall from 12430-7526.
If we trust Fibonacci levels, and believe 15430 to be the interim top, then 23.6% retracement falls near 13564 as...
First significant lower high has formed after 3rd may
avwap is waiting at around 13400 ( a gap is alo waiting there)
and least avwap is at 11400 level.
Nifty 14565 - In ArC pattern, price will bring back to its staring position. It is proved in the second short arc pattern. So We are sure Nifty will touch 13700 region shortly.
Can the Doji be converted to an AbandonedBaby (not the copy book one though). Its just authors imagination. As long as 14703 is protected, need to take caution. And most importantly daily RSIStairs must close below 45 for a favorable short trade. With hedging anyone can short at any level with known risk though.
