BABBU

BABBU Updated  May 17, 2023

after forming a doji on the daily chart nifty is trading in a isjoint angle making sellers believe selling may come any time and also buyers to assume nifty may quickly show an up move above 18500. 1. caution to be followed at this level to trade options as more sl hunting is there 2. pe should be strong only close below 18250 3. more premium is decayed by...

BABBU May 1, 2023

nifty after a short-term downtrend rallied to make a close above 18000. this pullback rally is a two-legged rally. which is indicating the shorts being covered and not the trend reversal. this makes the rally to be suspicious about the up move recently made by Nifty. so trade cautiously to be long on nifty till it makes a close above 18145 after a dip to 17600. ...

BABBU Updated  Apr 28, 2023

nifty after a rally from the low 16800 tends to close above 17800 which is indicating the nifty may move to levels of 18000 and above. but yesterday's profit booking made the market halt for consolidation which may be profit booking and the move in either direction. The nearest support is near the 17500 levels

BABBU Updated  Mar 31, 2023

on the hourly chart nifty showed a break above 20 ma and a close above it. 1. this indicates the profit booking by the bears. 2. market may consolidate between the low to 17331 levels. unless a strong break or strong rejection from the moving average is noticed further down move is awaited.

BABBU Mar 14, 2023

on the hourly chart, nifty formed a pause candle. 1. there is wide gap between the nifty value and the moving average . 2. pause bar indicates the resting of bulls and bears until a clear signal is obtained to trade.

BABBU Mar 2, 2023

1. nifty after the downtrend, is consolidating in the zone 17350-17450 levels. 2. Attempts were made for break out but failed

BABBU Feb 24, 2023

nifty closing in the given levels is a caution. past trade is shown as 1 and 2 with an opening at a large gap down. this time it may repeat also

BABBU Feb 24, 2023

nifty is consolidating, but the consolidation is further forming a downtrend in channel formation so be cautious about buying the calls

BABBU Feb 23, 2023

nifty is running down from last 4 days. we see buying at the lower levels 17450 which is indicating buying pressure building at lower levels nifty may consolidate and close today below 17650.