NSE:NIFTY
Entry - 17900+ (White Ray)
Stop Loss - 17650 (Red Ray)
Target 1 - 18200 (Green Ray)
Target 2 - 18475 (Green Ray)
Target 3 - 18700 (Green Ray)
NIfty 50 has been forming a Falling Wedge in a daily time-frame. The volumes have been comparatively high which means that a good base has been formed. The FIIs are oversold and stand at around 19% long...
Nifty formed a base on 9.5.2022 and has re-tested that base thrice. It gave a good bullish move after that and is trading around previous day high. The overall sentiment and trend of the market is still bearish. Also Nifty has formed a BEARISH DEEP CRAB formation and the PRZ level comes around 16450 . One can take a bearish trade once Nifty touches 16450 with a...
After the huge fall because of the Russia-Ukraine war, there could be a good opportunity to Long Bank Nifty. A pattern of Bullish Cypher has been formed with almost perfect Fib ratios. One can long Bank Nifty in the green zone ( 35052 - 35170 ) with a strict stop loss ( 34556 ) of the red line below it because that would indicate pattern failure. The three targets...
Nifty at important support of 17000. 17000 has been tested 6 times already on a daily time frame. Huge put open interest on 17000 PE and weekly PCR is 0.49 which indicate market is at a crucial support and market is heavily oversold. Monthly OI also indicates put unwinding majorly at 17300 but still put writers stuck. On an hourly time frame NIFTY seems to be...
Nifty has been following the the trendline since March 2020. It has been a crucial support quite sometimes for Nifty. The closing on 20/07/2021 has been below the trendline. This could be the first sign of a healthy correction in the bullrun or we could see a rebound before the week ends. A weekly closing above 15750 could be a crucial make or break for Nifty.
NIFTY has been trading in a downward channel since February. Had a fake-out (Red arrow) before and retracted back to the channel. Had a second break-out (Green arrow) and now retesting the support (Blue arrow) again. Another fake-out or it's time for NIFTY to go up?
