Market may move in no trading zone on friday. Sideway market around 16300 and 400 zone if goes upward.
Nifty 50 in 15 min time frame for Thursday Trade. Sell on Rise will continue if the price continue to move in the trend box. Moving outside the trend box can bring nifty into another trend formation. 16000 PE and CE can be added in your watchlist for trading.
Market at very important level. 16000 is an important psychological level and opening of the market may decide the trend of the day. Breaking 16000 may bring the market drag further to 15800 level. On the upside above 16000 for more than 1 hour can bring nifty to 16200.
Nifty 50 moves are choppy with ups and downs in a box. 16000 PE and 16100 PE can be added in your watchlist for Trading till thursday.
Nifty 50 in a box now for atleast another few trading sessions in a wider range from 15700 to 16400. FII becoming BEARS and DII are BULL Retailers are wild dogs Just for fun !!!
Nifty in A big range from 16400 to 15800 and market may move violently in the zone. Breaking of the levels on either Direction can lead to directional move with 200 to 300 point move.
Chart forming a W shape pattern on Daily chart . Breaking out most likely on Monday Trade.
Nifty 50 on a very important level in weekly chart and may breakout or reverse with big targets.
Sgx Nifty indicates gapup till 16000 and if Nifty moves upward then Nifty may form W pattern and will come back to 16200 and 16400 zone.
Formation of Shooting Star if Nifty moves downside from 16200 Inverted hammer in daily chart SGX nifty indicated breakdown of 16200
Nifty at major Resistance -16400 to 16600 W shape pattern formation ends at 16400
Line Chart analysis on Daily time frame: Nifty 50 - 15800 to 15600 seems a strong support range - Breaking 15800 can make the market drag till 15300 next week.
Post market analysis of Nifty 50. Gap Up open and rally towards 16000 with ease and record all time high. Three possible market movement on 4th Aug 2021. Gapup - Break 16150 then may rally towards 16500. Flat Open - market may move side way or sell off. Gap Down - opening near 16000 then fresh buy opportunity may arise.
Trend lines connecting recent price actions in 15min candle time frame of Nifty 50. Indicator - 21 Moving average & Central Pivot Range.