Nifty Analysis for 30th December; We expected small Gap-down and volatility for Wednesday trade, Small gap-down happened but throughout the day given consolidation moves. Wednesday’s missed volatility can happen on today, One should be careful, One can go long only if 17250 decisively broken upside for 17350 and 17450. One can short Nifty only if any 15 mins...
Nifty Analysis for 29th December; On Tuesday Nifty opened with Gap-up and consolidated throughout the day but able to close above 17200. But at the same time huge straddles are formed at 17200 and if you look above chart today nifty got rejected at the top of the channel. On Wednesday nifty will open with slight gap-down and there will be a huge volatility with...
Nifty Analysis for 29th December; On Tuesday Nifty opened with Gap-up and consolidated throughout the day but able to close above 17200. But at the same time huge straddles are formed at 17200 and if you look above chart today nifty got rejected at the top of the channel. On Wednesday nifty will open with slight gap-down and there will be a huge volatility with...
Nifty Analysis for 16th November; As per our previous analysis Nifty opened with Gapup and ReTested 18130 and closed above 18080 which is a good support. Now 18080-18140 is a consolidation zone, if any 15 min candle closes above 18140 will lead to bull run, if any 15 min candle closes below 18080 will lead to nifty fall. Super Bull run of nifty will happen only...
Nifty Analysis for 3rd November; On Tuesday Nifty opened higher but rejected at 18000+ levels, it means 18000 is becoming more resistance and as per OI also it is a strong resistance. On Tuesday nifty consolidated and formed a channel pattern, Wednesday is an expiry day due to Diwali, On Wednesday nifty will consolidate either 17880-17950 zone Or 17950-18031...
Nifty Analysis for 29th October: From last one week FIIs are selling aggressively and it’s quite a rare scenario in normal market conditions. Everyday we are telling in our analysis that on every call strike price there is a huge call OI buildup means huge resistance on upper sides. In yesterday’s sell off banks are the most fallen ones and others also...
Nifty Analysis for 28th October; As we said in previous analysis call writing was there at every strike price from 18300 and same continuing today also. Even when nifty is trading above 18300 also there is not much decrease in 18300 OI, it’s showing 18300 is a stiff resistance,Huge Put OI buildup at 18200. Tomorrow Nifty may move between 18190-18330 breakout...
Nifty Analysis for 25th October and week analysis : After Hitting all time high at 18600+ zone nifty went into overbought zone and came under profit booking in last week. Only Banknifty is more resilient last week. #Nifty taken support around 18050 zone on Thursday and Friday and made #DoubleBottom. If you check above chart nifty formed symmetrical triangle....