Nifty In my last update had mentioned that above 19482 we could see a Short covering rally. From 19482 to 19689... Nifty has seen a good 200 point plus movement. With result calendar set to begin from tomorrow, watch our for the Support and Resistance zone marked in the chart. Any further uptick from here on, Risk::Reward ratio might not be favorable for Bulls...
Last time, we had suggested a possible short covering rally could come in the market if Nifty goes above 19482. That is what we saw on 5th morning, when Nifty opened gap up at 19521... made a low of 19487 and then came the short covering rally. That rally closed the week at 19653 just a tad below 21 day EMA. & there is a big Political NEWS of Israel war...
Nifty Nifty recovered 100 points from the lows of the day to close at 19436 (S2 19430) It formed a Doji candle reflecting a fight between Bulls and Bears Below today’s low, may open doors for a further fall of potentially another 100 -120 odd points Short sellers can trail SL to 19482 as sustaining above that, a Short covering rally may come in. FIIs...
- On the bounce 19560 odd levels acted as resistance - Nifty closed the day below 50 day EMA Let’s see what Data is telling us for 04 Oct 2023… Index Futures Retail traders added 14382 Long Contracts and squared off 4026 Short Contracts FIIs squared off 1327 Long Contracts and added 19261 Short Contracts Pro traders squared off 1061 Long Contracts and squared...
Nifty action in the last 3 days... Like a Scream but sort of Silence... It has seen some wild swings up and down but is not showing much strength... closing flat near 19774... Is it the silence before the storm??? Is it preparing for another big movement like the one we saw recently from 20223 to 19601 a 600 odd point fall? Right before the expiry the battle...
In my previous Nifty update had suggested Nifty support around 19625-19571 Nifty made a low of 19601 and recovered to close flat for the day It has formed a Doji candle. SO a pullback cannot be ruled out. Going forward watch out for levels of 19760-19820 on the upside. It may act as resistance. Closing below 19551 may increase probability to test the recent...
- Nifty channel support comes around 19625-19571 - Nifty channel resistance comes around 19965 (mid channel resistance 19883) - After a gap down opening, Bears attacked and kept the prices lower. - FIIs and Pro traders were Net Sellers in Index Futures and Retail traders were Net Buyers - Nifty Futures closed at 19769 (Nifty Futures September series Average...
Nifty after managing to float above 20k mark for a few days, has finally broken the support. Will Is the short term top in place or will we see Nifty reclaiming back 20 K ??? F&O data insights Index Futures Retail traders added 8332 Long Contracts and squared off 13492 Short Contracts FIIs squared off 30419 Long Contracts and squared off 5337 Short...
Nifty CMP 19824 We are at 76.4% retracement level. (19810) Risk Reward Ratio looks favorable to sell. One may consider to sell Target 19680 SL at 19860 These are Nifty Spot levels Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in...
In our previous day post Support given was 19516 / 19468 Nifty took support around 19516 and recovered to close the day near resistance R1 given 19612 (Closed at 19611) R2 given 19638 (High made 19636.45) Important levels for 07 Sept 2023 are mentioned in the chart Disclaimer -The view expressed here is my personal view - Past performance is not a...
We are looking at hourly candlestick chart Thresh hold limits 19240 - 19640 If Nifty sustains beyond these limits for 3 days or closes beyond these levels on a weekly closing basis then we can look for another 400 point movement in the direction of breakout. Till that time Nifty could be range bound Daily important levels are mentioned in the chart. ...
Index Futures Retail traders squared off 659 Long contracts and squared off 809 Short Contracts FIIs squared off 1990 Long contracts and squared off 4384 Short Contracts Pro traders squared off 4789 Long contracts and squared off 925 Short contracts Index Call Option Retail traders added 10.29 Lakh Call Long contracts and added 8.61 Lakh Call Short...
19480-19460 played a vital role in Aug series and so did 19385 in the last 2 trading days. Directional trade can be taken once Nifty decisively breaks 21 day EMA or 50 day EMA. A few days back when Nifty closed below 50 day EMA, it bounced back immediately. Now again Nifty has broken the 50 day EMA on Expiry day. Is this a knee jerk reaction or is the...
For most part of the August month, Nifty has been trading between 21 day EMA and 50 day EMA - the monthly average for Nifty Futures is around 19490 Nifty likely to open gap up. However one needs to watch out for 19389-19424 zone If after gap up, Nifty sees rejection in this zone and falls below 19385, then pullback rally may be considered to be over and we...
Everything is mentioned in chart For a medium to longer term horizon
Nifty We are looking at daily charts of Nifty - Since July 20, Nifty is trading in a falling channel - Currently Index is seen struggling to re-claim 21 day EMA zone - Nifty Closed below 50 day EMA after 31 March 2023 There could be a pullback attempt from here but if Nifty closing by Wednesday is below 50 day EMA, then we might see some further...
Range was shared earlier.
Based on Data analysis Likely weekly expiry range Upper range 19518 / 19539 Lower range 19403 / 19366 Disclaimer -The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to...