As we can see despite of the gao down opening in NIFTY we saw a steong recovery of over 200 points but last day’s closing zone acted as a resistance and fell down and closed around its opening and formed more like a bearish pinbar candle in daily chart showing the dominance of sellers over buyers which probably trapped many retailers as seeing this candle might...
As we can see NIFTY had been in consolidation theoughout the day and closed on a negative note despite of strong opening, followimg the global cues we can expect NIFTY to open weak tomorrow but that gap down opening could show opening around important support levels which are mentioned in the chart which are 16600-16800 range and this range is also a 50 percent...
As we can see NIFTY is at it’s important psychological level which is 17000 level which is acting as an important support for nifty and also the presence of fib level .382 is makinh it a stronger support hence if 17000 is well protected and doesn’t breaks below we might see an upside rally in coming trading sessions else we might see nifty at its next important...
As we can see BANKNIFTY is back from where it started its bull run and showed almost 1300 points upmove and is now again trading around those levels hence we can again expect BANKNIFTY to show some signs of support which previously acted as a great resistance but if fails to sustain itself above 39300 then one sided fall 500++ points coming up in single trading sessions
As we can see NIFTY broke down its neckline of supposed head and shoulders pattern and looks like it is ready for a bigger fall, we can see next support being around 17166 which could show us a potential reversal but if nifty fails to take support at that level we might see nifty falling further till 16800 levels so keep watching everyone
As we can see NIFTY is showing more of indecision like scenario in daily time frame excatly around trendline which shows nifty took support at its trendline and got rejected but on the other hand we can see more like an HEAD and SHOULDERS pattern in daily time frame and level of 17400-17500 is acting as its neckline hence if nifty couldn’t sustain itself above...
As we can see NIFTY exactly reacted as we have analysed and had been in downtrend to volatile throughout the day now we can see the trend is getting closer to the trend which could potentially act as a SUPPORT which is around 17600 levels hence we can expect a good recovery if opens huge gapdown else we can expect a sideways market if opens strong
As we can see NIFTY rallied over 200 points despite of the huge gap up opening as analysed in the previous analysis but got rejected at the end and made more like a hammer candle in daily time frame showing rejection from above hence if we see flat to slight gap down opening tomorrow then we might see NIFTY filling the gap of 100 points from 17800 to 17600 making...
As we can see NIFTY exactly reversed from our given level which was 17400-17500 level which was more of a psychological level and an important SUPPORT which showed over 300 points of recovery, hence we can expect a further bull run upcoming in NIFTY if sustains above17400 level, till NIFTY sustains itself above 17400 levels, we can buy every dips
As we can see it is now trading around important trendline support which has been tested more than 4 times as of now, also we can see 17400-17500 has been acting as important support previously being a psychological level hence if sustained above 17400-17500 levels, we can see a recovery from here else we can see a starting of new downtrend if sustained below...
As we can see NIFTY exactly showed reversal from our given level which was 18100 and fell more than 250 points, now it is heading towards important support which previously acted as an important support and showed 300++ upside movement, now it is important to see if NIFTY sustains above 17800 but if it fails to take support at these levels then we can even see...
As we can see NIFTY exactly reversed from our important demand or support zone which was mentioned in the chart, it did rallied over 300 points in a single day and hence is expected to remain sideways tomorrow if opens flat to negative but if nifty is able to sustain itself above 18100 then we can expect another rally coming tomorrow
As we can see NIFTY is trading around an important resistance which is 18100 which has been tested few times and hence we can expect a gap down tomorrow and immediate important support we can see around is 17800 which previously acted as a important support and hence expected to act as an important support too! free fall can be expected if nifty fails to get...
As we can see that NIFTY finally brokeout out it’s important resistance and heading towards important psychological level which is around 18000 which acted as an important resistance before and reversed from that very level hence we should wait for nifty to sustain above 18000 spot level for upcoming trading sessions for confirmation of the bull run else we might...
As we can see it brokeout of an ascending triangle pattern but it gapped up and flawed the entry, despite the gap up, it couldn’t sustain itself above and finally fell and came back of the neckline of the pattern and showed a sign on reversal around that area hence if we see nifty opening flat to slight strong we might see nifty to continue its bull run so one can...
As we can see NIFTY has been hitting its trendline resistance and has been hitting the trendline multiple times making it weaker hence any closing above 17800 can show more 150-200 points upmove, on the other hand if opens weaker we can see nifty getting rejected from this trendline, if opens strong we can see another rally coming up
As we can see BANKNIFTY looking like it has retested itself breakout level as previously acting as resistance, is now acting as support and despite of huge gap down, we saw great recovery, now it is expected to continue its bullrun if opens flat to strong
As we can see rejection from our psychological level of 40000 which acted as a string resistance and fell over 500 points hence we cab expect a short retracement before the bull run, it could also come to retest the level hence if we find BANKNIFTY at support with reversal candle stick patterns then we can go long accordingly