The global market trend is moderately bearish, supported by the Dow Jones, while our local market sentiment indicates a bullish trend. It might open with a slightly gap-down start, as suggested by Giftnifty, showing a -55 point. Nifty has consolidated after the gap-up in the last session. It's indicating trend continuation, but Giftnifty shows a negative bias. If...
Banknifty has also consolidated in the last session. If the market opens with a gap-down, then we can expect minor correction initially. After that, if it finds support around 23 or 38%, then we can expect consolidation for a rally continuation. On the other hand, if it breaks the fib level of 38%, then it may turn into a correction phase that will reach a minimum...
Bank Nifty also reflects similar sentiment. Gift Nifty is indicating a gap-up start, suggesting potential consolidation initially. After that, if it breaks the previous high, we can expect the rally to continue. Alternatively, if the gap-up is not sustained, we can anticipate a minor correction initially. If it finds support around the 38% level, it may form a...
Good morning, friends! Here are the directions for April 1st: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a similarly bullish trend. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +40 point. Nifty has recently rejected nearly all-time highs. I...
Banknifty has a similar sentiment. The 4th subwave has consolidated for a long time. So, if the market opens neutrally, then the 4th may continue further. After that, if it breaks the previous high, then we can expect the 5th wave, which may reach a minimum of the supply zone. If the 5th wave rejects there, then we can expect a correctional wave. On the other...
"Good morning, friends! Here are the directions for March 28th: The global market trend is moderately bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -8 point. Nifty experienced a solid pullback in the last...
Bank Nifty also has the same sentiment. If the gap-down sustains and breaks the Fibonacci level of 50%, then we can expect a minimum of 61 to 78% correctional wave. After that, if it finds support there, it may undergo a minor pullback wave of the Fibonacci level of 38%. On the other hand, if it breaks or consolidates around the Fibonacci level of 78%, then the...
Good morning, friends! Here are the directions for March 27th: there is no significant difference between the last session. 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 neutral to slightly gap-down start, as suggested by Giftnifty, showing a...
Banknifty also has the same sentiment. If the market opens with a gap-down, then the 38% to 50% zone will act as support. If it finds support there, we can expect a range-bound market. However, if it consolidates or breaks that level, then the correction will continue further. Alternatively, if the market opens with a gap-up and breaks the previous day's high,...
"Good morning, friends! Here are the directions for March 26th: 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 neutral to slightly gap-down start, as suggested by Giftnifty, showing a -30 point. If the Nifty opens neutral or gap-down, then the...
Good morning, friends! Here are the directions for March 22nd: The global market trend is bullish, supported by the Dow Jones, while our local market sentiment indicates a moderately bullish trend. It might open with a neutral to slightly gap-down start, as suggested by Giftnifty, showing a -40 point. Yesterday also Nifty closed at where it opened. Giftnifty...
Banknifty closing near where it opened. There is no difference compared to the Nifty structure. If the market finds support around the 38 or 50% Fibonacci level, then we can expect a range-bound market to rally continuation. On the other hand, if it breaks the 50% Fibonacci level, it may turn into a correction phase. We can expect that correction to reach a...
Banknifty has had a solid pullback, but although it has a 50% retracement, this indicates a further range market. So, even if the gap-up doesn't sustain, we can expect a range market. On the other hand, if the gap-up sustains, then the rally will continue with minor consolidation.
Good morning, friends! Here are the directions for March 21st: 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 +160 point. Nifty has closed near the open price, but the swing was very huge....
"Banknifty consolidated in the last session. Structurally, if the market opens with a gap-up, then the consolidation will continue further. We could wait for the rally only if it breaks the Fibonacci level 38%. Alternatively, if the gap-up doesn't sustain and breaks yesterday's low, then we can expect minor correction initially. Correction continuation will...
"Good morning, friends! Here are the directions for March 20th: there is no significant difference in the last session. The Dow Jones has maintained a neutral sentiment, while our local market sentiment is also neutral. It might open with a neutral to slightly gap-up start, as suggested by Giftnifty, showing a +60 point. Nifty is maintaining a moderately bearish...
"Good morning, friends! Here are the directions for March 19th: there is no significant difference in the last session. The global market trend remains structurally moderately bearish, supported by the Dow Jones, while our local market sentiment also indicates a moderately bearish trend. It might open with a gap-down start, as suggested by Giftnifty, showing a -80...
Banknifty showed a solid pullback structure in the last session. Giftnifty indicates a negative start, but structurally, it has a minor pullback continuation. So, If the market finds support around 46296 to 46176, we can expect a range market or pullback continuation. On the other hand, if it breaks the previous low, then the correction will likely continue."