Manickamtraders

Manickamtraders

Good morning, friends! 🌺🍬 Here are the directions for June 10th: There are no significant changes in the global market. It is still maintaining a moderately bullish sentiment based on the Dow Jones, while our local market also maintains a bullish trend. Today, the market may open with a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a...

Manickamtraders

BankNifty also has the same sentiment, but the levels are slightly different: > If the market breaks the 78% Fibonacci level on the upside, we can expect a minimum move to 50,557. This is a supply zone, so if the market rejects there, we can expect a minimum correction of 38% in the minor swing. or If it consolidates there(around supply zone), then the rally will...

Manickamtraders

ankNifty also exhibits the same sentiment. There is a sub-wave five, which is a distribution wave, potentially with lower volume. If this happens, the 78% Fibonacci level might act as strong resistance. On the other hand, if the pullback has a solid structure, we can expect the rally to continue with some consolidation. The alternative variation is also the same:...

Manickamtraders

Good morning, friends! 🌺🍬 Here are the directions for June 7th: The global market maintains a moderately bullish sentiment based on the Dow Jones, and our local market also follows a moderately bullish trend. Today, the market may open neutrally, as indicated by GiftNifty, which shows a decrease of 8 points. Both Nifty and BankNifty share the same sentiment...

Manickamtraders

Good morning, friends! 🌺🍬 Here are the directions for June 6th: The global market has a moderately bullish sentiment based on the Dow Jones, while our local market also shows a moderately bullish trend. Today, the market may open with a gap-up, as indicated by GiftNifty, which shows an increase of 180 points. Nifty and Bank Nifty both have had a solid pullback....

Manickamtraders

Good morning, friends! 🌺🍬 Here are the directions for June 6th: The global market has a moderately bullish sentiment based on the Dow Jones, while our local market also shows a moderately bullish trend. Today, the market may open with a gap-up, as indicated by GiftNifty, which shows an increase of 180 points. Nifty and Bank Nifty both have had a solid pullback....

Manickamtraders

Good morning, friends. I'm sorry for saying this, but I don't have much experience with trading during election times. I'm just trying to share a sentiment, so please don't misunderstand me. I read some expert sentiments suggesting that until the newly elected party fully takes on its role, the market may undergo a correction because the party won with a...

Manickamtraders

Good morning, friends. I'm sorry for saying this, but I don't have much experience with trading during election times. I'm just trying to share a sentiment, so please don't misunderstand me. I read some expert sentiments suggesting that until the newly elected party fully takes on its role, the market may undergo a correction because the party won with a...

Manickamtraders Updated 

Good morning, friends! 🌺🍬 Today is a big day for the market, so I am sharing my Fibonacci levels. I have provided two pictures: one shows the extension levels for the upside. If the market takes a bullish bias, these levels might be useful. On the other hand, if the market takes a bearish bias, use the Fibonacci retracement tool for your downside targets....

Manickamtraders

Good morning, friends! 🌺🍬 Today is a big day for the market, so I am sharing my Fibonacci levels. I have provided two pictures: one shows the extension levels for the upside. If the market takes a bullish bias, these levels might be useful. On the other hand, if the market takes a bearish bias, use the Fibonacci retracement tool for your downside targets....

Manickamtraders

Good morning, friends! 🌺🍬 The global market shows a moderately bullish sentiment based on the Dow Jones, while our local market also indicates a moderately bullish sentiment (as per the structure). Today, the market may open with a long gap-up, as indicated by GiftNifty, which shows an increase of 820 points. Sorry for saying this, but the upcoming two to three...

Manickamtraders

Good morning, friends! 🌺🍬 The global market shows a moderately bullish sentiment based on the Dow Jones, while our local market also indicates a moderately bullish sentiment (as per the structure). Today, the market may open with a long gap-up, as indicated by GiftNifty, which shows an increase of 820 points. Sorry for saying this, but the upcoming two to three...

Manickamtraders

The Banknifty structure differs slightly from Nifty, but the sentiment is the same. The current variation suggests that if the initial market takes a solid pullback and breaks the level of 48938, we can expect it to reach 61%. Notably, the market will continue the rally only if it sustains above the level of 48938. If it doesn't sustain above this price, the range...

Manickamtraders

Good morning, friends! 🌺🍬 Here are the directions for May 31st: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 25 points. Nifty and Banknifty moved in different paths in the...

Manickamtraders

Good morning, friends! 🌺🍬 Here are the directions for May 30th: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 70 points. But, I'm not sure if this is due to global issues or...

Manickamtraders

BankNifty also has the same sentiment. If the market finds support around the immediate support level, then we can expect a minor pullback that will take a max of 23 to 38%. After that, if it gets rejected there, then the correction will likely continue. On the other hand, if the pullback breaks the 38% Fibonacci level, it could turn into a range market between...

Manickamtraders

The current variation indicates that if the market breaks the 38% Fibonacci level, we can expect the correction to continue, potentially reaching the next Fibonacci level of 50%. If it finds support there, the 4th sub-wave may complete and start the 5th pullback wave. Alternatively, if the market finds support around the immediate support or if the initial market...

Manickamtraders

Good morning, friends! 🌺🍬 Here are the directions for May 29th: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also maintains a moderately bullish trend. Today, the market may open with a gap-down, as indicated by GiftNifty, which shows a decrease of 90 points. Today, both Nifty and Bank Nifty have similar...