Manickamtraders

Manickamtraders

BankNifty has a solid bullish structure, so if the initial market rejects, we can expect a maximum retracement of 23 to 38% because it could be in a 4th correctional wave. Alternatively, if the gap-up sustains, then we can expect rally continuation with minor consolidation.

Manickamtraders

Good morning, friends! Here are the directions for April 30th: The global market is still maintaining a moderately bearish trend, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +20. Structurally, Nifty doesn't have...

Manickamtraders

Bank Nifty slightly differs from the sup-wave count. Even if it rejects around the supply zone, initially, we can expect only a minor correction, which may reach the 23 to 38% fib level. If it finds support there, then we can expect a range market. Alternatively, if it breaks the 38% fib level, then it may turn into a correction. Here also, the probability is very...

Manickamtraders

"Good morning, friends! Here are the directions for April 26th: There have been no significant changes in the global market trend. It remains moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. Nifty showed a solid pullback structure in the last session, so structurally, there will be no big...

Manickamtraders

BankNifty slightly varies from Nifty. We have a clear correctional variation: if the market sustains the gap-down, it may go into flat correction, reaching a minimum of 47853 to the 38% Fibonacci level. One more thing, if it finds support around 47853-50, then we can expect a range market, possibly reaching the previous high again. But there's no problem if it's...

Manickamtraders

Good morning, friends! Here are the directions for April 25th: The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a decrease of -70. Nifty had closed with consolidation in the last session. In this...

Manickamtraders

Banknifty also has the same sentiment, although it didn't experience as much of a pullback yesterday. So, here also, if the gap-up sustains, then we can expect a rally continuation with minor pullbacks. Alternatively, if it rejects around the supply zone or if the market initially declines sharply, then we can expect a minimum of 38% to 50% fib correction.

Manickamtraders

Good morning, friends! Here are the directions for April 23rd: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +30 point increase. Nifty experienced a minor pullback with some consolidation...

Manickamtraders

BankNifty also has the same sentiment. It had a solid pullback in the last session, so here also we can expect minor correction only if it rejects around the immediate resistance level. However, if the gap-up sustains or breaks the immediate resistance with a solid structure, then the rally will likely continue.

Manickamtraders

Good morning, friends! Here are the directions for April 22nd: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing a +160 point increase. Nifty had a solid pullback in the previous session. GiftNifty...

Manickamtraders

"Good morning, friends! Here are the directions for April 19th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be open....

Manickamtraders

"Good morning, friends! Here are the directions for April 19th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -350 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be open....

Manickamtraders

"Good morning, friends! Here are the directions for April 18th: Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction. On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...

Manickamtraders

"Good morning, friends! Here are the directions for April 18th: Nifty and BankNifty both consolidated in the previous session, so structurally, if the gap-up doesn't sustain then we can expect further consolidation for correction. On the other hand, if the market initially takes a pullback, the 23% Fibonacci level will act as crucial resistance. This means that...

Manickamtraders

"Good morning, friends! Here are the directions for April 16th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -220 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be...

Manickamtraders

"Good morning, friends! Here are the directions for April 16th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment also indicates a bearish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -220 point decrease. GiftNifty indicates a long gap-down, so I don't know where it will be...

Manickamtraders

"Good morning, friends! Here are the directions for April 15th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -120 point decrease. I'm really sorry, I can't say exactly how the market will react today...

Manickamtraders

"Good morning, friends! Here are the directions for April 15th: The global market trend is bearish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a gap-down start, as suggested by GiftNifty, showing a -120 point decrease. I'm really sorry, I can't say exactly how the market will react today...