NIFTY has been moving as per expectation for this expiry .
Now the downmove also seems to be slowing down with a falling wedge formation underway.
Prices back to the breakout structure is where we will be planning our long entry with the confluence of a wedge breakout .
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NIFTY after a superb rally is now consolidating and now tried to break the highs for the third time and failed. Expecting a sideways to down movement to catch up with the average price.
Important levels mentioned in the video.
As discussed in the last video, NIFTY crossed and gapped up above the levels of 17,800 .
After a 700 point rally without a pause , a sideways to down consolidation can be expected . Currently the price is also stalling near the top of the expanding triangle. For the downside , the low of today i.e. 17,775 becomes crucial support for selling PE and if the market...
NIFTY showing signs of bullish momentum after a good breakout on Friday's last hour , 15,500 remains a crucial SL level for the long trades in NIFTY.
Expected levels to be tested in NIFTY will be 17,800-850 range . So we can create a long position on pullbacks with the SL and Targets mentioned .
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BANKNIFTY consolidating near the resistance area and closing near the important level of 36k , will have to wait how prices react with high OI built up level of 36,000 and also near the gap resistance area.
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BANKNIFTY after finding resistance at the trendline zone now consolidating near the support zone for the third time. Third test always increases the risk of a break of the zone . Any move below the low of the day is expected to trigger SL levels of the long positions being made for past few days.
HDFCBANK after consolidating for over an year and now breaking out after forming a cup & handle pattern .
Charts can't be much clearer than this .
Good investment bet for targets 1800-1900 in coming months .
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NIFTY witnessed huge upswings and downswings last week. But it managed to close near the all time highs of 17900-17950 .
On the hourly charts markets tried to move down twice and failing both times. So if markets go above the high of Friday , some short covering can be expected and markets can move up to create a new all time high . Also , the big round number of...
Nifty witnessed a sharp selloff last week from the highs . Market looked to be sideways to down this week but contrast to that , it has broken out of the wedge pattern on monday and today it moved above minor resistance of 17,800 yesterday's high .
NIFTY is expected to test the highs once again this week so selling PEs might be a sensible idea to trade this week's...
Hey guys , hope you are doing fine and having a great day.
With global markets moving in uncertainty , the markets in india are also witnessing good upswings and downswings recently.
Bank nifty after creating a new all time high this week has been in a strong sell off and witnessed some buying near the 37,000 area on Friday .
Rally doesn't look strong enough and...
BANKNIFTY witnessed a volatile move this week with fast up and down movements and closed near the all time highs once again .
38,100 remains a key resistance level for BNF next week as the sell off earlier from these levels was strong . So expect market to face some resistance at the current market levels.
If BNF gaps up above 38,100 then you can expect another...
BNF after making an all time high saw a violent sell off yesterday and the market has now retraced back and moving sideways to down .
Expect BNF to test the lows made yesterday and 37,250 is the SL for the short trades.
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