Manickamtraders

Manickamtraders Feb 12

Good morning, Friends! 🌞 Here are the market directions and levels for February 12th: Market Overview There have been no significant changes in the global or local markets. The global market continues to maintain a bullish sentiment (as indicated by the Dow Jones), while the local market is showing a moderately bearish sentiment. Today, the market may open with...

Manickamtraders Feb 12

Bank Nifty Current View: The current view for Bank Nifty is similar to that of Nifty. If the market declines initially, it could reach a minimum of 49,104. After that, if it consolidates or breaks this level, we can expect a continuation of the correction to the levels of 48,906 to 48,680. On the other hand, if it finds support there, it could take a range-bound...

Manickamtraders Feb 11

Good morning, Friends! 🌞 Here are the market directions and levels for February 11th: Market Overview There have been no significant changes in the global markets, which continue to maintain a bullish sentiment, as indicated by the Dow Jones. However, our local market is showing a moderately bearish sentiment. Today, the market may open neutral or with a slight...

Manickamtraders Feb 11

Bank Nifty Current View The Bank Nifty structure is similar to Nifty. If the market declines initially, it could reach a minimum of 49,777 to 49,611. After that, if it consolidates or breaks this level, we can expect the correction to continue. On the other hand, if it finds support there, it could form a range-bound structure between the upside level of 50,172...

Manickamtraders Feb 10

Bank Nifty – Current View Bank Nifty’s structure is similar to Nifty’s. If the market sees a solid initial decline, we can expect a minimum target of 49,742. After that, if a pullback occurs, we may see a range-bound market. However, if 49,742 breaks, the correction is likely to continue. Bank Nifty – Alternate View The alternate view suggests a bullish...

Manickamtraders Feb 10

Good morning, Friends! 🌞 Here are the market directions and levels for February 10th: Market Overview There have been no significant changes in the global markets, which continue to maintain a bullish sentiment, as indicated by the Dow Jones. However, our local market is showing a moderately bullish sentiment. Today, the market may open neutral to slightly...

Manickamtraders Feb 9

Good Afternoon, Friends! 🌞 Here are the market directions and levels for the second week of February: Market Overview In the previous week, both markets experienced some fluctuations. However, the structures appear to indicate a range-bound market. In the upcoming week, the global market has several major events, including Fed Chair Powell's testimony, the...

Manickamtraders Feb 9

Current View: The current view suggests that after the sharp pullback has ended, a minor correction is in progress. We can usually expect a three-wave structure in this correction. If it continues, we can anticipate a minimum correction of 38% to 50% for Bank Nifty in the current swing. > After that, if it finds support at either the 38% to 50% level with a...

Manickamtraders Feb 5

In the previous session, Bank Nifty had a solid rally, suggesting further continuation. However, We can expect a rally only if it effectively breaks through this supply zone. If it does, we can anticipate a solid rally. However, if it rejects around the supply zone or if the market declines initially, we can expect a minimum retracement of 38% to 61% in the minor...

Manickamtraders Feb 5

Good Morning, Friends! 🌞 Here are the market directions and levels for February 5th: There haven’t been any major changes in the global markets, which still show a bullish sentiment (as seen in the Dow Jones). Our local market is also showing a moderately bullish sentiment. Today, the market may open with a neutral to slight gap-up, as the GiftNifty indicates a...

Manickamtraders Jan 30

Good Morning, Friends! 🌞 Here are the market directions and levels for January 30th: Market Overview There have been no significant changes in the global markets, which continue to maintain a bullish sentiment, as indicated by the Dow Jones. However, our local market is showing a moderately bullish sentiment. Today, the market may open with a neutral to slight...

Manickamtraders Jan 30

Bank Nifty Current View The current view for Bank Nifty is similar to that of Nifty. If the market pulls back, it could reach a minimum of 49,381 to 49,400, which is a rejection zone. If it consolidates or breaks this level, we can expect further continuation. On the other hand, if it gets rejected sharply there, we can expect a correction of at least 50% to 78%...

Manickamtraders Jan 29

Good Morning, friends! 🌞 Here are the market directions and levels for January 29th: Market Overview: There have been no significant changes in the global markets, which are still maintaining a bullish sentiment based on the Dow Jones. However, our local market is showing a moderately bearish sentiment. Today, the market may open neutral to slightly gap-up, as...

Manickamtraders Jan 29

Bank Nifty Current View: The current structure in Bank Nifty is similar to Nifty. If the market declines initially, we can expect a correction towards 48614, which is a major support zone. If the market finds support here, it may bounce back to its opening level with a bullish bias. > On the other hand, if the market breaks this zone or consolidates around it,...

Manickamtraders Jan 27

Good Morning, friends! 🌞 Here are the market directions and levels for January 27th: Market Overview: There have been no significant changes in the global markets, which are still maintaining a bullish sentiment (based on the Dow Jones). However, our local market is showing a bearish sentiment. > The Nifty is showing a long gap-down start. If this sustains,...

Manickamtraders Jan 27

> The Nifty is showing a long gap-down start. If this sustains, structurally, we can expect the correction to continue with some minor pullbacks. Based on the wave structure, this long gap-down could extend into the 3rd sub-wave of the correction. Typically, the 3rd wave is the longest leg of an impulse, so we can expect a prolonged correction. This is the...

Manickamtraders Jan 23

Good Morning, friends! 🌞 Here are the market directions and levels for January 23rd: Market Overview: There have been no significant changes in the global markets, as they are still maintaining a bullish sentiment (based on the Dow Jones). However, our local market shows a bearish sentiment. In the previous session, both Nifty and Bank Nifty experienced high...

Manickamtraders Jan 23

Bank Nifty Current View: The Bank Nifty current view has two variations: > First Variation: If the gap-down sustains, it will likely consolidate within the previous day's range. In this sentiment, a correction will only be expected if it breaks the previous bottom, meaning that until the previous bottom is broken, the market bias could remain moderately...