As we can see NIFTY couldn’t hold itself above our given level as we were expecting! Despite the gap up NIFTY had been falling unidirectionally which shows major weakness and hence we can expect NIFTY to reach 18000 in coming trading sessions which is its next psychological support! only hope for bulls is if it opens gap up and sustains above our given levels else...
we have seen another great fall as analysed in our previous post now we can see it has reached another important demand zone which will now act as a strong support for upcoming trading sessions and hence making it a better place to make new long positions hence till the levels are sustained above we can see good recovery from here so keep watching everyone
As we can see NIFTY can be seen getting rejected exactly as we analsyed in our previous analysis an exactly from our given levels of 18400-18450! Now we can expect NIFTY to remain sideways to negative in coming days and might test 18200 levels in coming trading sessions before continuing its bull run
As we can see NIFTY has shown a strong uptrend after taking support at the previous acting resistance levels now it is seen heading towards its next hidden resistance which can be seen around 18400-18450 levels and nifty did close below the given levels hence the first half of nifty would be really important as if NIFTY opens strong but fails to sustain above...
As we can see NIFTY exactly took support at our given levels and started to move up as we analysed in our previous NIFTY analysis and we also discussed of keeping our long positions intact till it breaches and sustains below 18170 levels! Since not much of action has taken place as of now, hence our view remains intact of buying on every dips till our levels are...
As we can see in the chart it tried breaching 43600 mark and made a high around 43700-750 but failed to close above the given level which would have then assured the upcoming bull run but as of now we can still see BANKNIFTY to remain sideways to bearish in coming trading sessions
As we can see NIFTY has finally broken and sustained above our given level and hence we can possible witness a start of new trend which is uptrend can be seen. Hence for now till NIFTY is sustained above 18170-18200 we can expect NIFTY to continue its rally
As we saw BANKNIFTY had been sideways to negative the whole day as we analysed in our previous post! We can still see BANKNIFTY being sideways to negative in coming trading sessions unless BANKNIFTY closes above 43600 and sustains above given level hence unless it sustains above given level it can remian sideways to negative
As we can see BANKNIFTY had been bullish to sideways throughout the day as discussed in the past analysis ! Now we can see the candle formed today is in more like inside candle type formation hence we might see a big trending day coming up if either of levels is broken hence if BANKNIFTY breaks 43600 mark and sustains above given level then we can see a new ATH in...
As we can see we had been analysing past few weeks that despite the bull run we are expecting some weakness and rejection in BANKNIFTY and expected a rejection around 43600 levels and we did see exact rejection from that very level and fell more than 1000++ points in just 2 days hence we can expect more of downfall till 4200 which is a psychological level for...
As we can see NIFTY again started to show rejection around the given levels and we are expecting a good downfall from given levels till 17800 levels which will be seen as a healthy retracement hence we might see a sideways market till then hence until NIFTY breaches 18200 levels with proper sustainment we won’t be seeing any further upmove hence keep watching...
As we had been analysing since last few days that BANKNIFTY is reaching its initial supply zone from where we can expect a rejection and we did see a strong rejection being shown on the chart from the psychological level of 43500! Also based on global cues we can expect more of gap down opening tomorrow to which next eminent demand zone can be seen around 42600...
As we can see BANKNIFTY broke all of its RESISTANCE and moving up unidirectionally since the retest of the trendline! watching the chart we can see BANKNIFTY has more room for upmove till 43600-43500 which is its next psychological level and order block from where we can expect BANKNIFTY to reject and show retracement hence every dip now is a buying opportunity...
As we can see BANKNIFTY had shown one sided upmove but we can see it getting closer to its eminent psychological level and an important resistance, if BANKNIFTY opens above the given level then we might see a sudden pullback in the first half itself and coming itself in zone but if somehow BANKNIFTY manages to sustain above the given level then we might see a big...
As we can see BANKNIFTY opened exactly around the resistance and showed a good rejection with over 200++ points downfall but it eventually recovered in the second half and closed around its opening price which is a good resistance hence we have previously discussed about the given levels being an important resistance so we may expect BANKNIFTY to again reject at...
As we can see though we discussed BANKNIFTY is getting weaker but no confirmation was seen as neckline of the double top pattern was not breached and hence we can see a better place where BANKNIFTY can show stronger rejection as it is currently hitting its next psychological level and it’s important resistance of 42800-43100 level hence these levels could show...
As we can see after much of consolidation we did see a strong recovery from the level and the trendline as we were expecting since very long hence we can still expect NIFTY to show upmove as long as the level is protected and eminent target can be seen around 18000 which is also a psychological level and important supply zone hence we can still expect the bull run...
As we can see BANKNIFTY can be seen showing weakness in short term after a successful uptrend from the trendline retest! we can see more like a double top pattern in smaller time frame and neckline can be witnessed around 42000 level which is a psychological level hence there can be possibilty of BANKNIFTY showing false breakdown before finally showing a good...