Ripul012

Ripul012

Nifty is bouncing between the two daily order blocks marked by the blue color. Intraday we found support at the hourly order block to push prices back up to the order block where we saw instant rejection. I am looking for prices to disrespect one of the two order blocks to see where prices will be heading. As for tomorrow, if we open up, we might again see...

Ripul012

There is still a monthly fair value gap sitting at 21137.20, which I believe will be filled this month only. Now the current prices look bullish on the daily as well as hourly charts, meaning the prices might push higher towards the all-time high and then it might begin a down trend to reach the monthly fair value gap. For tomorrow, if market opens Flat, I will...

Ripul012

Bank nifty is looking bearish for the short-term, Though the huge wicks formed on the hourly chart are a bit concerning. Since bank nifty is bullish on the monthly chart, I do not expect the prices to take down the weekly discount array. Instead, prices might fall to the daily discount array at 45481.50 which lines up perfectly with a mitigation block as well....

Ripul012

As I said, in my last analysis, nifty might be looking to reach into the monthly fair value gap at 21137.20, which means we can still see more bearish action from nifty in the coming days. In case we might not fill the value gap this month, on the short term, we still have a one hour discount at 21589.35. So for tomorrow nifty might move a little bit up to fill...

Ripul012

There is a huge monthly value gap sitting between 21137.20-20158.70. This is a big bearish signal considering we haven’t got a pull back from the last high break, meaning this month. We could see the prices come all the way down to 20158.70 before we move back higher. This will be minor pullback on the bullish Monthly Chart. There is a weekly gap near the bottom...

Ripul012

Bank nifty broke internal weekly structure, indicating the down trend pull back on the weekly chart has come to an end. It is looking like the price will start moving upwards again after giving a pull back from the current levels to the discount arrays at 45481.5 or at 45139.05. Expecting prices to fall down for 2 to 3 days into a discount array where we can look...

Ripul012

I'm new to ICT concepts and trying to understand the market using that. Now here, NIFTY is moving right into a daily premium array formed by the gap on 17th Jan 2024. If NIFTY rejects of this premium array in the coming days we might fall and target the daily DOL at 21137.20, breakdown of which will indicate the pullback on the weekly chart. However, if it blows...