NIFTY has shown a full sell-off today after the Heisenberg report on the SEBI chairperson. If we look at the chart now: The market is trading near the support area of 24000. The market has been receiving good support from this zone and is expected to take it again. However, as the market has bearish sentiments right now, it might break the level and...
As Banknifty is showing a huge sell-off today, the market is in bearish sentiments, followed by the Heisenberg report on the SEBI chairperson. If we look at the chart now: The market is trading at the 4H-TF support trendline zone(Marked in Green) and 200 EMA (4H-TF). price is trading below the ema(13, 50, 200) shows market is in bearish phase. The market might...
Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart. If we look at the chart now: The market is trading at 50 EMA (1H-TF). The market also trades at a 0.5 Fib level. which might provide a good support zone. ...
Tomorrow is Budget Day; all of you must be very excited to trade it. Usually, there is not very good price action for such events. The market might take turns from pivotal points marked on the chart. If we look at the chart now: The market is trading near the support zone and support trendline. The market has been consolidating for the last 15 days. If the...
As we discussed, NIFTY took support at 24344 and had a good bullish run, broke resistance, and sustained to the upside, showing a good bullish nature. If we look at the chart now: The market is trading in the uptrending parrell channel, which has HH and HL, which have a bullish structure. Support levels: 24429, 24128, 23985 Resistance levels: 24577...
As we discussed, BANKNIFTY opened in a sideways zone, touched the resistance zone, and then fell nicely and ended up sideways closing. If we look at the chart now: The market is trading near the support zone. The market is making the Inverted HNS, which shows the market can be bullish today as the right shoulder is yet to complete. I have illustrated both...
As we discussed, BANKNIFTY gave a good bearish momentum and recovered it from 51800. If we look at the chart now: The market was trading in a falling wedge pattern, which indicates the upcoming market is bullish. The market has broken it to the upside. The market has given a very sharp recovery from 51800. I can expect some more bullishness in the upcoming...
As we discussed, NIFTY fell nicely and took support at 24188, and then it recovered nicely to 24315. If we look at the chart now: The market is trading in a resistance zone. Today, the market has had a huge fall from this point. Price action on this level will decide the upcoming momentum in nifty. If it breaks to the upside, it can touch the resistance...
As we discussed, NIFTY took resistance at the provided dotted resistance trendline and gave a good fall. If we look at the chart now: The market gave good bearish momentum yesterday with heavy volatility. I also took support at the price action level of 24188 and came back. That shows bulls are active near 24000. Support levels: 24188, 200-EMA (15-min) ...
As we discussed, BANKNIFTY gave a good bearish momentum with a grand bearish opening of 300 points in 5 min. #Time Frame = 30 min If we look at the chart now: The market is trading in the range of 52276-52676. The market is continuously taking support at 200 EMA. Also, the 1D time frame market is receiving support at 13 EMA, which might lead the market to go...
As we discussed, NIFTY opened sideways and ended up sideways bullish. If we look at the chart now: The market is trading in an uptrending channel. The market is experiencing minor resistance in the middle of the channel. As the market is trading at an all-time high, if it breaks the middle resistance to the upside, it can give a bullish momentum. There are...
As we discussed, BANKNIFTY opened sideways and ended sideways with volatility in the uptrending channel. If we look at the chart now: The market is trading in the range of 52276-52676. The market is continuously taking support at 200 EMA. Also, the 1D time frame market is receiving support at 13 EMA, which might lead the market to go bullish. Support levels:...
As we discussed, BANKNIFTY opened sideways and ended sideways with volatility. If we look at the chart now: The market is trading in the range of 52276-52676. Support levels: 52276, 52000, and 51610 Resistance levels: 52676, 52816, and 53197 200 EMA and 50 EMA is going to provide good suport and resistance. If we look at the OI data: PCR = 0.63,...
NIFTY did open gap-down, and then after taking support at support, it gave a nice bullish momentum to the upside. If we look at the chart now: The market is trading in an uptrending channel. It has taken support multiple times and also has taken resistance multiple times. I expect it to break soon. If the market shows bullish momentum to the upside, it...
As we discussed, BANKNIFTY opened a gap-down and gave a nice bearish momentum to the downside. If we look at the chart now: The market is trading at the support trendline and also took a pullback to the upside in the last hour. The market is also taking resistance at 50-EMA. It might give either side momentum. There can be 2 cases as it's trading at the...
As we discussed, BANKNIFTY opened in the channel resistance zone. And the market started falling till 52000. If we look at the chart now: the market is trading in the downside channel in a flag pattern. It might complete the Flag and Pole pattern. If the market takes support from 52000, a good bullish momentum can be seen to the upside. The market is getting...
As we discussed, NIFTY opened sideways and continued in a bullish direction after breaking the trendline, as discussed in the video. If we look at the chart now: The market is trading at the resistance level, where it showed a nice correction last time. Now, the market has made a zone in the range of 23984 - 24154. by the time the market is in the zone,...
As we discussed, BANKNIFTY opened a gap-down and took a reversal till EMA(50) and spent sideways in 2nd half. If we look at the chart now: The market has taken resistance again at 50 EMA (30-min TF). Right now, the market is consolidating in the marked channel. I expect the market to consolidate one more day, and as it is forming a FLAG and POLE structure, it...