Manickamtraders

Manickamtraders

Bank Nifty: Bank Nifty shares the same sentiment as Nifty. If the market sustains the gap-up structurally, we can expect a continuation of the rally with some consolidation. We can also observe a three-wave structure here. Alternate View: The alternate view for Bank Nifty suggests that if the market encounters a sharp rejection around the immediate resistance,...

Manickamtraders

Current View: The sentiment is similar to Nifty, but structurally, we shouldn’t expect more than a 38% correction in the minor swing. If the market rejects near the immediate resistance, we could complete the 3rd sub-wave at that point, and the rejection would indicate the start of the 4th wave. Typically, the 4th wave doesn’t involve a deep correction, so we can...

Manickamtraders

Nifty and Bank Nifty Directions and Levels for the Last Week of September Global Market Overview: In the previous week, the global market continued to rally solidly. Structurally, it indicates a bullish bias. This week, we can expect some continuation of the rally along with potential consolidation. In the meantime, there are some important events that we should...

Manickamtraders

Good morning, friends! 🌞 Here are the market directions and levels for September 20th. Market Overview: Global markets are showing a bullish trend, as indicated by the Dow Jones, while our local market has a moderately bullish outlook. Today, the market is expected to open neutral to slightly gap-up, with SGX Nifty suggesting a positive move of around +30 points...

Manickamtraders

Banknifty: Current view: The current view is similar to Nifty. If the market declines after an initial pullback, we can expect a correctional target at the 50% Fibonacci level on the downside. Structurally, it might not sustain there. However, a proper trend reversal (for a correction) will occur only if it breaks the 50% level. This is our first...

Manickamtraders

Bank Nifty: Current View: Here, too, we expect a correctional target at the 38% level on the downside. After that, if the market breaks or consolidates around the 38% mark, the correction is likely to continue. > A notable point here is the pullback around the 38% level. If the market finds support and bounces back, structurally, it won't move significantly...

Manickamtraders

Good morning, friends! 🌞 Here are the market directions and levels for September 19th. Market Overview: Both global markets and our local markets are still showing a moderately bullish trend. Moreover, today the market is expected to open slightly neutral to gap-up, with SGX Nifty indicating a positive move of around +70 points as of 8 AM. In the previous...

Manickamtraders

Good morning, friends! 🌞 Here are the market directions and levels for September 17th. Market Overview: Global markets continue to show a moderately bullish trend, as indicated by the Dow Jones, and this sentiment is reflected in our local market as well. Today, the market is expected to open with a gap-up, with SGX Nifty suggesting a positive move of around +30...

Manickamtraders

Current view: There haven't been any significant changes in the previous sentiment, so I'll explain it simply. Bank Nifty is showing a moderately bullish structure, which means consolidation. If the market rejects around the immediate resistance, it may continue this sentiment. A solid rally is expected only if the immediate resistance is broken...

Manickamtraders

Good morning, friends! 🌞 Here are the market directions and levels for September 16th. Market Overview: Global markets are showing a moderately bullish trend, as indicated by the Dow Jones, and this sentiment is reflected in our local market as well. Moreover, today’s market is expected to open with a gap-up, with SGX Nifty indicating a positive move of around...

Manickamtraders

Bank Nifty: Current View: In the previous session, Bank Nifty formed a diagonal pattern, which often signals the final wave of the trend when it forms at the top. However, lower time frames can sometimes break these rules. so If the market breaks the supply zone solidly or with some consolidation, we can expect the rally to continue, with targets ranging from...

Manickamtraders

Bank Nifty: Current View: Bank Nifty is following a similar trend. If the week starts on a positive note, the market may face resistance around the 52126 or 52249 levels. If this happens, we can expect a 23% to 38% correction in the minor swing. After that, if support is found around the 38% level, the rally is likely to continue, with potential targets of 52527...

Manickamtraders

Global Market Overview: In the previous week, the global market experienced a solid pullback; however, the structure still indicates a range-bound market. What about this week? Structurally, if the market breaks the previous high, we can expect a continuation of the rally. On the other hand, if the market faces rejection around the previous high, the range is...

Manickamtraders

Good morning, friends! 🌞 Here are the market directions and levels for September 13th. Market Overview: Global markets are showing a moderately bullish trend, as indicated by the Dow Jones, and our local market has a bullish sentiment. However, today, the market may open with a gap-up, as SGX Nifty is indicating a positive move of around +40 points at 8 AM. In...

Manickamtraders

Current View: If the market opens with a gap-up, it may face rejection around the previous high. If this happens, it may enter some consolidation between the previous high and the 38% Fibonacci level to the downside. This is our first variation. Alternate View: The alternate view suggests that if the gap-up doesn’t sustain, it may find support around the 38%...

Manickamtraders

Good morning, friends! 🌞 Here are the market directions and levels for September 12th. Market Overview: Global markets are still maintaining a moderately bearish trend, as indicated by the Dow Jones, and our local market reflects a similar sentiment. However, today, the market may open with a gap-up, as SGX Nifty is indicating a positive move of around +90...

Manickamtraders

Bank Nifty: Bank Nifty also has a similar sentiment to Nifty. If the market opens with a gap-up, then the 51319 level will act as minor resistance. Once the market breaks this level with a solid candle or some consolidation, it will reach a minimum of 51492 to 51593. > In this case, the supply zone will act as resistance only if approached gradually. Conversely,...

Manickamtraders

Good morning, friends! 🌞 Here are the market directions and levels for September 11th. Market Overview: Global markets are maintaining a moderately bearish trend, as indicated by the Dow Jones, while our local market has a moderately bullish sentiment. However, today, the market may open neutral to slightly gap-down, as SGX Nifty is indicating a negative move of...