Since June 15 Nifty is in correction phase and it may start its impulsive wave 5 above 15811 level and for the impulsive wave target is 16530, in wave 4 correction it is forming expanding triangle which indicates end of correction
ONE SHOULD BE CAUTIOUS : RIGHT TIME TO BOOK PROFIT? STRONG BEARISH DIVERGENCE SPOTTED ON BOTH 1DAY & 1WEEK TIME FRAME FORMED. FII CONSECUTIVE MONTHLY SELLING SINCE APRIL 2021 (APRIL-12700cr, MAY-6015cr, JUNE-26cr & JULY-500cr) July fig as 12-07-21
Nifty View: A disappointing close for the benchmark Nifty index in today’s session as it slips over 100 points from its intra-day high of 15,811. At an intraday low of 15,657, the index yet again tests the short term support range of (15,650-15,700). Clearly, this has proven itself to be a crucial level for the short term time frame. A break and sustained close...
understanding nifty future trades for 13.07.2021 on the basis of support and resistance.
nifty form double top on daily chart .... trade near crucial level wait & watch .
All levels marked on chart. I think there is a possibility that we will go near 16000 and then reverse.
Bullish above 15680 - 15720 for the targets 15780, 15820, 15860, 15920 and 15980. Bearish beow 15660 for the targets 15620, 15560, 15520, 15460 and 15420.
As you see in this chart, nifty50 is clearly respecting the parallel channel which start from the previous year march low. In short it is consolidating in a close range of 15600-15900, breaking the upper side may elevates the price to 16500 levels. Breaking the lower end of channel will bring down the price to 15500 levels, which act as a strong support as per...
Nifty View: Benchmark index Nifty finds itself stuck within a tight range thanks to the recent lack of follow-through buying or selling last week. This is the 75min chart of the index which clearly shows the importance of the short term support range at (15,650-15,700). At current prices, the index has already shifted into a short term DOWN trend and a sustained...
Hi Guys, Please find the detailed analysis of my view in Nifty!!! Time Frame of Chart - Daily Market Structure - Advance Swing Point - Swing Low to Swing High Last Line of Defense is Braked ? No What Type of Trend? Strong Trend - Healthy Trend - EMA50 ATR Volatility? Down CPR? - Bullish Bias What type of CPR? Extreme Narrow Previous Virgin CPR is there?...
understanding nifty future trades for 12.07.2021 on the basis of support and resistance.
Magic Lines: All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS (Target lines) ORANGE LINES ARE SELL LEVELS(Target lines) Additionally we added...
Refer Chart for knowledge purpose.
It seems Nifty is trying hard to get on the roof slab but failing every time. twice it tried and failed and hardly in the gap of 20 days (16 sessions). Technically Nifty has created a top flat channel again like last time. It always gains volatility in this channel and creates confusion by developing sub-support zones. Basically, the index tries to create steps...
Bull Power is moving below 40 indicating weak market. Let Nifty Move upto 15800 to touch its resistance and then buy 15 Jul 15800PE with 50% of PE price as Stop Loss and 100-200% as profit targets. Do not buy CE until Nifty moves above 15900 and Bull Power moves above 65 for momentum to pick. Disclaimer : Trading is never ever recommended as it is injurious...
STRONG BEARISH DIVERGENCE FORMED IN NIFTY. IF NIFTY CLOSES BELOW 15600, ONE CAN EXPECT SOME GOOD CORRECTION DUE TO PROFIT BOOKING.
NIFTY FUTURE on 1Hr time frame making an Ascending triangle which shows that NIFTY FUTURE can touch 16000 Mark in upcoming time. Bullish continuous pattern Ascending triangle's horizontal line can be your stop loss. Lets wait for the breakout with good VOL from horizontal line.