NIFTY TOTAL MARKET (NIFTY 750) @ 11905: BULL or BEAR?Total market is trading at the support zone 11977-11677. (reversal zone 1)
If it breaks 11677, next we can see 11621-11230.
Any break of 12355, we can see big bull move towards 14K+
NIFTY_TOTAL_MKT trade ideas
NIFTY TOTAL MARKET ANALYSIS DECEMBER 2024NIFTY TOTAL MARKET ANALYSIS DECEMBER 2024
LTP 12966
Supports: 12677/12212
Resistance: 13843
As long as 12200 holds support, we can see 14K, 14400, 15100, 15450, 16K in the near term.
Ultimate targets: 14K, 15K, 16K, 16900, 17750, 18730
Further 19900, 22300, 23200
NIFTY_TOTAL/NIFTY changes weekly trend first time since 2023
In Jan 2023, NIFTY_TOTAL started outperforming Nifty
Pulled up repeatedly despite election uncertainty, FIIs pulling out and many FADs
Finally, in the last week of Sep 2024, this has closed under the WBBB
Almost a 2 year trend has come to a close
What this means, will be known in a few weeks, if not sooner.
Do you know what this means? What happened to NIFTY last time this occurred?
Nifty total market - Correction wave started with gap down?Nifty Total Market achieved the target last week. And gap down this week. Fundamental story of the world. Recession fear, Japan yen, war, I'll be damned...
Is this time, reviving from 23.6% Fib Level (super bullish)?
Or 5th wave completed and the correction wave A has started from top with gap down.?
Total Mkt Index - Bearish - ConsolidationLooks like total market index is in consolidation zone. Weekly Candlestick showing evening star bearish pattern. RSI(34) is below it's moving average
NIFTY TOTAL MARKET REVIEWTrend analysis
RSI point of View
Higher Top and High Bottom Sequence breaking.
Dow Theory reversal could be happen.
Negative divergence confirmation if lower high and lower low with bearish candle is witnessed.
Can lead to retracement initially to 23.6%
NIFTY TOTALIt seems NIFTY is going Down.
It has broken trend line.
It seems it will make 3 black crows.
