As we can see NIFTY is continuously showing rejection after getting rejected from 18000 levels which shows we can further see NIFTY to fall till 17359-17300 levels which is its next support and important reactive zone hence one can keep going short if last days low is taken out till this level which is also a fib .28 level
As we analysed that NIFTY could only continue its bull run if sustained above 18000 but failed to do so and fell one sidedly from our important level 18000 which was also a psychological level Now nifty closed at very crucial area as it filled almost all gaps which were pending and is more like retesting fhe trendline it broke out hence it could be a good...
As we can see though we saw weakness in the first half but it did recovered in the second half and has formed more like an inside candle which stands as a very decisive state as either side breakdown or breakout of the consolidation could show one sided move hence we can see one sided rally if sustained above 18000 mark so keep watching everyone
As we can see NIFTY finally brokeout of a downward following trendline and we have seen more of a 400 point rally as of now but now heading towards important psychological level which is 18000 which might act as a strong resistance hence one can expect a rejection around these levels
As we can see BANKNIFTY after a oneaided rally which had been prevailing since last month now is finally showing signs of indecision at its resistance which has been tested multiple times before, we can see more like a doji candle which shows signs of indecison and hence we should keep ourselves ready for both sides as if banknifty sustains above previous doji...
As we can see BANKNIFTY had been rallying since last month for now but seems like it is ready to take a halt now, we can see it has formed more like an indecison at it’s important resistance level and hence standings at very crucial level, if in upcoming trading session if the low is broken down we can expect a good subsequent profit booking and could be a start...
As we can see NIFTY is also trading at its crucial level which is at its trendline support which had been followed by NIFTY since OCT 21 hence now NIFTY must break the trendline for the continuation and confirmation of bullrun which is a possibility as this trendline has been tested multiple times before making it weaker, on the other hand if it couldn’t break, it...
As we can see BANKNIFTY is now at make or break level as this level acted as the level which gave banknifty the new trend which was downtrend back in October 21 and this level has now been tested various times and got rejected various times too, hence it is expected that BANKNIFTY might see a strong bull run if it closes above given level which is much expected...
As we can see sunce our analysis BANKNIFTY rallied over 1000 points but now heading towards important psychological level which is 39000 which can act as a strong support as multiple reversals can be seen around this level in past and expected to get rejected from this level too so keep watching everyone
As we analysed that BANKNIFTY is getting ready to move but it failed to sustain above 38400 and hence we saw a sideways market today but a good part is that if did sustained above 3800 which is a psychological support and hence we can still keep in going long unless this psychological level is broken down
As we can see BANKNIFTY after a long bull run has given a substancial consolidation which has formed into more like flag and pole pattern which is also known as bullish continuation pattern. Resistance we can see here is around 38300 on the break of which it would not only break the consolidation but also break the trendline above and hence any weak to flat...
As we have been analysing that NIFTY has to break 17500 level which has acted as a strong resistance level and could act the same snd now it acting as a strong resistance too! hence being a psychological level for continuation of further bull run it has to break and sustain itself above 17500 else it can give a false breakout above and continue its downtrend
As we analysed that we might expect bull run but has to sustain above 17500 but it did failed to sustain above 17500 and hence started showing weakness and showed one sided fall, hence we will try shorting from here if fails to sustain above given psychological level which is also a important resistance which gives an opportunity of selling on every rise
As we can see NIFTY consolidated itself around the resistance before showing one sided move which shows NIFTY is still strong and can continue breaching the resistance and finally taking off, level to watch as of now is 17420 which has acted as a strong resistance before and hence break of that very level can show 150-200 points one sided move
As we can see BANKNIFTY closed above 38000 but facing multiple rejection from these levels, there are multiple reasons i am expecting banknifty to show a significant correction before it countinues its uptrend Firstly banknifty had been in uptrend unidirectionally from 35000 levels and it covered almost 3000 points without any significant retracement or profit...
As we can see BANKNIFTY currently trading at important level and might face resistance from here as it is facing resistance from the trendline as well as the eminent level of 36000 which is also a psychological level which might act as a strong resistance hence we will wait for some rejection candle from around these levels for going short
As we can see NIFTY finally broke out of an inverted head and shoulders pattern and started to move as analysed but now we can expected nifty to remain sideways to bullish without showing one sided move ! levels to watch is 17000 being important support and a psychological level and resistance can be seen around 17450-17500 so one can trade between these levels
As we can see BANKNIFTY showed one sided rally for over 400 points after opening up strong and looks like its time for nifty to move! in bigger time frame we can see more like an inverted head and shoulders pattern and the neckline being the resistance which previously acted as a strong support and hence a better entry would be if Nifty breaks the pattern above...