Nifty on monthly and weekly time frame has given a breakout of 20 ema and retested it. A nice bullish candle is there and the market has subtended to a nice level above 17k. On daily time frame, nifty has crossed and tested its 200 ema and sustained above the 17k level. The markets on the higher time frame has turned bullish. There is bullish moving averages...
Nifty has closed below its 200 DMA and has taken support from its 16480 level. On hourly time frame, looks bearish and can remain bearish on a smaller time frame. A perfect bearish trend is being formed on 15 minute time frame and market has closed between 20 and 200 ema. support :- 16324, 16485 Resistance :- 16680, 16825 The market can remain bearish and can...
Banknifty on daily time frame has formed en evening star pattern. The market has taken a halt after a nice movement. On an hourly time frame analysis, market has closed below its 20 ema and has closed near its day low. The market on a smaller time frame looks bearish. Support :- 36285, 36075 Resistance :- 36475, 36900 Wait for the price action near the price...
Banknifty has formed a doji on daily time frame and closed on negative to flat. Market has taken the support from the support level and remained above its 20 ema on hourly time frame. On smaller time frame (15 minute), market traded around its 20 ema and closed just below it. Support:- 36475, 36285 Resistance :- 36900, 37160 Market has taken a resistance from...
Nifty has formed a doji on a higher level and closed 90 points down. On hourly time frame, market closed above its 20 ema. The markets has halted and on 15 minute time frame closed below its 20 ema. support :- 16590, 16485 Resistance :- 16680, 16825 The market is in a sideways phase. Market may remain sideways for tomorrow. Wait for the price action before...
Nifty has crossed and closed above its 20 ema on weekly time frame and has given a nice bullish candle. Markets are bullish and has gained 5%(approx) this week. On a daily time frame, the market has close above its 200 ema. The market has been taking support from its 20 ema on 15 minutes time frame. There are sign of another bullish week. support :- 16485,...
Banknifty has given a nice marubozu candle on a weekly time frame. Markets are now in a bullish trend and in the month of july market has gained around 10%. The moving averages on daily time frame are close and there can be a bullish moving averages cross over. Market consolidated in the second half of the last trading session. Support:- 36475,...
Banknifty on a daily time frame, has given a nice bullish marubozu candle and has closed above the resistance level of 35k. There was a nice up move in the market. Even after the initial gap up there was positive sentiments in the market. Banknifty has taken resistance from its 200DMA and has closed just below the moving average. On 4 hour time frame, it has...
Nifty has given a nice marubozu candle on daily time frame. The markets opened higher and remained in a bullish trend. On 15 minute time frame analysis, there is a bullish moving averages cross over. The market has respected the resistance level and has closed just below it. Support:- 16150, 16020 Resistance:- 16290, 16400, 16480 The market seems bullish and...
Banknifty has formed a nice bullish candle and closing above its 20 DMA. On hourly analysis the markets remained in a uptrend and closed above its 20 and 200 ema. On 15 minute time frame, it took a nice support from its 20 ema and rallied 250 points from there. Support:- 33700, 33950 Resistance:- 34350, 34625 The market can remain bullish as it has closed...
Nifty seems bullish but couldn’t close above its 20 DMA. There is a resistance at 15850. On 30 minute time frame, there is bullish moving averages cross over coming. If there is a km cross over and markets crosses 15880 level. Market can test 16k levels On a smaller time frame the market closed above its 20 and 200 ema. Support:- 15770, 15700 Resistance:-...
Banknifty on monthly time frame has given a bearish candle and has closed just below its 20 ema. The markets looks bearish on the higher time frame. The markets have tested its 0.382 fib level (weekly time frame) and has closed below it. It is facing a constant resistance from its 20 DMA. Banknifty has consolidated for 3 days and can give a trending market in...
Nifty on higher time frame has shown a negativity and the markets are showing some bearish trend. This is the third monthly red candle. Though the markets are taking support at its 20 ema. Markets are still choppy and no clear trend is still there. On weekly analysis, there is a formation on lower lows and lower highs. The market has tested its 0.382 fib level...
Banknifty has formed an engulfing candle. It remained in bull trend after and initial gap down and gained 500+ points from days low. On hourly analysis the markets remained in a uptrend and closed above 33500. On 15 minute time frame, the moving averages are close and it has closed above the EMAs Support:- 33520, 33210 Resistance:- 33750, 33970-34000 Wait for...
The markets are jittery and trend is still not defined. Nifty filled the gap created by the gap down and remained in a bullish trend for the day. Nifty has formed an inverted hammer candle on daily analysis. On a smaller time frame the market closed above its 20 and 200 ema. Support:- 15690, 15625 Resistance:- 15850, 15780, 15920 Wait for the price action...
Banknifty on a monthly candle has closed below its 20 ema and has fallen 5.8% on month to month. Still Banknifty couldn’t close above its 20DMA. On 15 minute time frame, there is a bearish moving average crossover and the market took a nice resistance from its 20ema. Support:- 33210, 33370, Resistance:- 33480, 33520, 33750 There is no clear trend for market...
Nifty has taken a nice support from its monthly 20 ema. Nifty has fallen around 5% this month. Nifty has formed a confusion candle on daily analysis. The market closed below its hourly 20 ema. And the trend is still not defined On a smaller time frame the market closed below its 20 and 200 ema. Support:- 15690, 15625 Resistance:- 15850, 15780, 15920 Wait for...
Banknifty on a daily closing has formed a doji. Banknifty looks weak than nifty and has tested its 0.618 fib level of recent swing. Bank nifty traded in a narrow range. On 15 minute time frame, there is a bearish moving average crossover and the market took a nice resistance from its 20ema. Support:- 33210, 33000, 32950 Resistance:- 33450, 33520,...