Index is near the much awaited 22500 and may probably hit it today. This completes an annual cycle on Nifty 50 both price wise and time wise in the near future. The concept of Lost motion will come into play hereafter which needs to watched carefully. Timewise we near in the annual cycle completion with nearly 2 weeks to go. We will be completing 4 years of rise...
Bank Nifty has recovered from the cluster support of 45562 and 45899. Important Gann level to watch is 47587.50. Above it resistance seen at 47745 and support seen at 47417. Expiry can use this range for scalping purpose. Any price action outside this zone needs to be watched for Fake Outs. Coming back in the range may give some meaningful trades. Breakouts if...
Index has hits highs around the Gann Level of 57712.50. and retracted the usual percentages at cluster level supports of 53662.50 and 53999.45 as seen on the charts. We saw earlier breakout fromt the important level of 52650 in the week starting 12 Feb 2024. Currently we are in the 3rd week from the lows. Chart shows triple tops at 54561.55 on 19 Feb 2024 week,...
Index has support 20808. Breakout above 20952. Targets 20988/21024. we have acluster resistance at 21072/21096. Index is sideways between 20808 to 20952. After move from lows near 20304 we have seen a momentum move to the 20880 level. Consolidation seen on chart on the sideways zone... breakout above 20952 to be watched... with suitable risk reward ratio. Happy...
Using the top traded strikes on NSE website we see a range of 11000 to 11200. Index has closed at 10966.95. The range to watch for today's expiry is 11025 for upside move and 10975 for downside move... within that range is sideways .... avoid trading zone... Happy Trading !!!
If you know the Start... You can know the End.... Law of Cause and Effect.. Happy Trading !!!
Price and Time coordinates as Gann Theory depicted on chart... Happy Trading !!!
Levels on chart... Conjunction date 21 April 2024... Happy Trading !!!
Nifty 50 Index short term supply demand zone analysis.. details on chart... Happy Trading !!!
Nifty 50 has an important level to watch for the monthly expiry at 22201 with support at 22105... Happy Trading !!!
Index continues the lower higher lower low pattern on the downside after making the swing high of 47359.05. Recent support yesterday was seen at cluster levels of 46337.10 and 46448.85. Staying above this is imperial for the index with resistance at 46677.75. With expiry nearby be nimble footed with your trades and book small profits and small stop losses....
The FINNIFTY faced the hurdle at 20938 level and is retracing below it currently. Good call writing at 21000CE/20900CE level must be done by writers. Thereafter we have hit 20500 level so we saw decay in calls from 21000ce to 20500ce levels. Currently we have closed at 20619.70 level on Monday. The level to watch intraday is 20593.70 as seen on chart on the...
S&P 500 run to upside continues with the High of 5111.06 on Friday 23 feb 2024 at 19:30 IST. Hourly buy triggered above 4744.35 with a decent rise thereafter. Oure level to watch is 5119.79 on the upside. Above it nearby targets of 5307.51 on the upside. The level on downside to watch is 5052.21. Time to watch is 28 Feb 2024 00:30 IST. Happy Trading !!!
Mid cap index has made a high at 11119.85. Magical Figure was 11111 and below it we have 11011. Breakout on upper side above 11133.55 and break down below 11029.05. Structural support at 10959.25. Happy Trading !!!
Sensex has important level of 72000. On chart we see a range of 69000 to 73000 of 4000 points. Important level of the range is 71000. Today's range of 72450 and 73300. 72500 level was important where pe writing was seen and short covering was seen in remaining part of the day. Important level seen on chart is 72864.50 which may be used for bias for expiry...
Price has come to 47003.70 an important level in Gann System . High is 47136 is odd. We are approaching time squaring zone. Price is weak as per the price and time metrics of the Gan trading systems. Price needs to accelerate with respect to the time remaining. So Bank Nifty is very interestingly poised with divergence to Nifty 50. Wiil it surprise everybody on...
The index has seen at nice run from the 20250 levels. Resistance was 20588. Its sideways between 20588 and 20718. Level to watch is 20536 for trading bias today. Happy Trading !!!
Index has hit the11040.50 level as shown in chart. Its at an important percentage level. Above it targets at 11077/11088. Below it supports at 10998/10992.10. Breakout above 11106 level. It would be interesting to see if it sustains above 11111. Happy Trading !!!