Dear friends, Good day to everyone!
Welcome to my NIFTY analysis where we will take a look at the daily chart of NIFTY.
As you can see, price is in a clear downtrend since October'2021. However, the downtrend is
occurring in a Descending channel defined by Upper Trend Lines and Lower Trend Lines
We have multiple touch-points in the UTLs and LTLs which I have...
The option expiry day is approaching and the volatility is picking up steam in NIFTY.
So far, NIFTY has reached the previous high which is a liquidity zone. However, there has
been a lack of follow through buying.
So, there could be a pullback to the 15600 level again over the next two days as the expirty
on June 24 approaches.
I will be shorting the index...
Dear traders! Infosys has been rallying strongly for more than 4 weeks now.
In the 4-hour chart, we can see a ascending price channel with multiple touch points.
Since the direction of the channel is upwards, this is known as an ascending price channel.
Price has created higher highs and lowers lows within this channel.
Currently, price is on it's way...