EmKayJay

EmKayJay

Chart has been drawn from Higher Time Frame ie Daily to 15 min using Fib Ext (drawn from hourly) and RSI. The latter indicates oversold. Therefore, I expect a surge in Demand irrespective of Umrikan markets, Barring turmoil in Mid-East. As Ususal, R1,R2... and S1, S2.. represent Resistance and Support respectively. Following abbreviations are explained as...

EmKayJay

Intraday Chart for MidCap-Select Nifty has been prepared from larger Time Frame (Daily)>15min using Fibonacci Trend Based Extension; Fib has been drwan on hourly time frame. EMA20-100 is also used but hidden to declutter and make chart simlple. RSI also mirrors the Fib Ext Tool. Few points to note:- a) Black Horizontal line represent scalping opportunity shown as...

EmKayJay

Barring a major jolt from geo-politics and warring Nations, here's what BANKNIFTY Looks like on 30 Sep 24. The Chart has been made from larger time frame to Intraday Levels ie Weekly>Daily>Hourly>15Min. The Fib based Extension have been drawn on low to high on hourly basis. I find comfort in RSI, and Fibonacci. Although EMA20/50/100/200 are hidden to make it...

EmKayJay

Barring a major tumble down due to Mid-East during localized warring, the Nifty will behave as shown on the chat within 15 min time frame and Fib based Extension. The Black lines represent intraday TL. The horizontal black lines intraday Support( also shown as S1,S2 & S3) & Resitance (also shown in as R1,R2,R3). Welcoming early Diwali ans Celebrating Navratri are...