I am expecting big tradable move in bank nifty in next few weeks. Today the trend is down. Stop/Reversal 51700 Similar situations are marked with question marks in the chart.
Nifty is trading near the BLUE line after almost 2 years. This line, 26000 zone might offer resistance to uptrend. Monday Nifty📈Day8 Stop 25650
Nifty Weekly Outside Bars Are Marked In Chart Bellow. Monday 📉Day 4 Stop 25000 25200 is new reference level for next few weeks. Global Markets' Trend Is Down.
Friday Day 6 of #Nifty short term uptrend.📈 Stop 24750. There is a moderate chance of today's high being the short term top. Confirmation needed. Nifty is trading near 24850, our reference level. Bulls have challenge to break & hold it. Global Markets' Trend 📈
Nifty is down 2.5%. Such quick falls are not something abnormal for market. In just 2 days Nifty has moved from 20 day high to 20 day low. Its sharp fall. Last four sharp falls are shown in the graph. In case of short term uptrend it can test previous high.
Nifty is down 2.5%. Such quick falls are not something abnormal for market. In just 2 days Nifty has moved from 20 day high to 20 day low. Its sharp fall. Last four sharp falls are shown in the graph. In case of short term uptrend it can test previous high.
Two lines on #Gann grid are crossing each other in the chart, & price is very close to that point. Next week is important for #Nifty Bank traders. Trigger 52000.
Today can be day 2 of the #Nifty short term downtrend.📉 Trigger/Stop 24400 24120 is new reference point or zero point.
Friday can be day day 10 of the #Nifty short term uptrend.📈 Trigger/Stop 24300 24120 is new reference point or zero point for next few days. 0⃣
Graph bellow shows the % return in second half of the year for last 30 years in Nifty. Second of the year 2024 can be positive for #Nifty. You can dive deeper.
Nifty short term trend is stretched on 60 min line chart. It has less upside & more downside now. Friday can be day day 5 of the #Nifty short term uptrend.📈 Trigger/Stop 23850.
Silver Is Trending. Sharp & One way Moves Are Possible. I use intraday charts for better entry & exit. Trigger/Stop 86000
Monday can be day 2 of the short term downtrend. Stop 23600 Expecting decisive moves in next week. I Calculated the number of stocks in strong uptrend. The number of stocks in strong uptrend: 14 June: 66 21 June: 35 Sentiment in market has changed in last week. Lets see. The definition of strong uptrend is subjective.
Today is day 1 of the #Nifty short term Downtrend.📉 Trigger/Stop 23650. Last 11 day uptrend is over now.
Nifty is in downtrend. Today can be day 3 of the downtrend. Stop 16520. Fresh sell signal in BankNifty is there near 35100. Target 33500. Stop 35150. Lets see if the congestion ends today or not. Its good time for trend following option buyers.
Sensex Chart: At Gann Grid Resistance Resistance 58700, 62740. Support 54640, 50590. GANN
Nifty is in downtrend. It can turn up above 17300. Situation is favoring the options buyer respecting the trend.