Nifty has fallen around 400 points from the day high. An bearish engulfing candle has been formed. The moving averages are close enough and will form a bearish moving averages cross over in the coming sessions. On the hourly charts, the market touched the 20 ema and reversed, giving close below the recent low of 17260. The markets are bearish in short to medium...
Banknifty on the daily time frame has given a doji and closed only 99 points higher after a gap of 150 points. In the first hour of the market there was a nice bullish candle but the market couldn't sustain the levels and started to melt down closing around 41350 points. There is a bullish moving averages cross over, on the hourly time frame, which shows some...
Nifty has formed an gravestone doji taking resistance from 17800 levels. The market gave a gap up opening and tried to hold the levels but during the second half of the market, there was a selling after taking rejection from the levels. On the hourly time frame, the market has closed near the 200 ema but has closed 117 points higher. The market has created a...
A tweezer bottom pattern is formed on the weekly charts of banknifty. The index has closed above the 20 ema and looks stronger than the other index. The market has given a nice weekly and daily closing around 41250 levels. The market has closed near 38.2% fibonacci levels. Banknifty has given a break out and a retest of the resistance zone and closed above both...
The monthly candle for the month of February has given a close around 17300 levels. Though, the current weekly candle is showing some positivity there are chances of a retest of 50% fib levels. Nifty is trading below the 20 ema on the weekly time frame. On the daily time frame, the market has closed near 38.2% fibonnaci levels and nifty has taken resistance from...
Nifty on the weekly time frame has closed below the 20 ema and formed an evening star pattern on the higher time frame. Market has consolidated for 2 weeks and given a fall after the consolidation. On the daily time frame, the market has constantly taking resistance from the 200 ema and given a close below it. Though, it has taken support from 17440 levels, but...
Banknifty on the weekly time frame has formed a evening star pattern and closed below the 20 ema. Even on the daily time frame the market has closed below the 200 ema and 40k round level. Market has been taking support from 39900 levels. If it starts trading below the levels, bearish trades can be entered and nice targets can be achieved. On the hourly time...
Banknifty has formed a doji, consolidating in a range on only 400 points. It is taking support from 40600 levels and can retest resistance before another fall. On the hourly time frame, market remained volatile and in the second half consolidated in 40600-770 range. The market has given a nice consolidation and beark out/down will be good to trade. Banknifty...
Nifty has formed another negative candle and closed below the 20 ema. The market took support around 17800 levels. On the hourly time frame, the market tried to trap the bullish trades. It took resistance from the moving average and reversed giving a nice bearish trade. There is a bearish moving averages crossover also. The market remained in a 100 points range...
Nifty on the daily time frame has closed below the inclined trend line. If it crosses and starts trading below 17800 levels market has test the recent low. On the hourly time frame, the market has consolidated in the last hour after a fall forming doji. The market is showing bearish sentiments. There is a bearish moving averages cross over, on 15 minutes charts,...
Banknifty has touched the support level of 41600 and closed around 41700 levels. The market is trading below the 20 ema and can touch the 200 ema. The market is showing some negativity and remained for selling whole day after touching the resistance levels. On the hourly time frame, the market has been trading below the moving averages and will retest it before...
Banknifty on the weekly time frame has formed an engulfing doji, showing some confusion about the trend. The market has closed below the 20 ema taking rejection from 50% fibonnaci levels. On the daily charts, the market has closed below 20 ema. The market has started trading below the support level of 41250. The market is trading in a sideways cycle and the...
Nifty on the weekly time frame has formed another doji and took rejection from 50% fibonacci level. The market crossed the 18k levels but couldn't sustain above the levels and closed near 17950 levels. The market has closed above the 20 ema on weekly charts and it taking support form an inclined trend line. The market has retested the daily 20 ema and formed a...
Nifty has again faced resistance from the 20 ema and closed 85 points lower. The market has formed a kind of evening star and if the fall continues good momentum can be seen. On the hourly charts, the market has formed a bearish flag and pole pattern and closed below both the moving averages. The market has broken the 20 ema and retested it. The market has final...
Banknifty has given a negative candle but still the market is holding the support levels of 41250. The market has been facing resistance from the 20 ema and if it crosses today's low, it can test the round number of 41000. On the hourly charts, the market has formed a bearish flag and pole. The market in the initial hour gave a fall and consolidated whole day in...
Nifty has consolidated whole week and formed a doji on the weekly charts. It has been taking resistance from 20 ema and 61.8% fibonacci levels. The market can either side move once it breaks out or break down of the consolidation zone. On the hourly charts, the market has been trading between both the moving averages and closed in between them. Markets have not...
Banknifty has consolidated whole week and formed a doji on the weekly charts. The market has remained in 600 points range. There are chances of a trending market in the coming week. Market has respected the support of 20 ema on the weekly time frame. The market has taking resistance from the 20 ema and 61.8% fib levels on the daily charts. A flag and pole pattern...
Banknifty for last 3 trading session has been holding the upper levels and forming doji on the daily time frame. There is a double resistance i.e. 20 ema and the resistance zone. Tomorrow expiry can be trending and if the market crosses and closes above 42k levels new high can be seen soon. On the hourly time frame, market has given a good consolidation and...