The Banknifty structure differs slightly from Nifty, but the sentiment is the same. The current variation suggests that if the initial market takes a solid pullback and breaks the level of 48938, we can expect it to reach 61%. Notably, the market will continue the rally only if it sustains above the level of 48938. If it doesn't sustain above this price, the range...
Good morning, friends! 🌺🍬 Here are the directions for May 31st: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 25 points. Nifty and Banknifty moved in different paths in the...
Good morning, friends! 🌺🍬 Here are the directions for May 30th: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also shows a bearish trend. Today, the market may open with a slight gap-down, as indicated by GiftNifty, which shows a decrease of 70 points. But, I'm not sure if this is due to global issues or...
BankNifty also has the same sentiment. If the market finds support around the immediate support level, then we can expect a minor pullback that will take a max of 23 to 38%. After that, if it gets rejected there, then the correction will likely continue. On the other hand, if the pullback breaks the 38% Fibonacci level, it could turn into a range market between...
The current variation indicates that if the market breaks the 38% Fibonacci level, we can expect the correction to continue, potentially reaching the next Fibonacci level of 50%. If it finds support there, the 4th sub-wave may complete and start the 5th pullback wave. Alternatively, if the market finds support around the immediate support or if the initial market...
Good morning, friends! 🌺🍬 Here are the directions for May 29th: The global market continues to show a bearish sentiment based on the Dow Jones, while our local market also maintains a moderately bullish trend. Today, the market may open with a gap-down, as indicated by GiftNifty, which shows a decrease of 90 points. Today, both Nifty and Bank Nifty have similar...
Good morning, friends! 🌺🍬 Here are the directions for May 28th: The global market is maintaining a bearish sentiment based on the Dow Jones, while our local market suggests a moderately bullish trend. We might see a neutral to slightly gap-down start today, as indicated by GiftNifty, which shows a decrease of 15 points. In the previous session, Nifty had sharply...
Bank Nifty has the same sentiment. Structurally, it's a little correction followed by a long rally. So, if the market opens neutral or if the initial market takes a pullback, we can expect a range market within the previous day's range. After that, if it breaks either upside or downside, then we can follow that trend. Here also, my opinion is bullish. An...
Good morning, friends! 🌺🍬 Here are the directions for May 27th: The global market is maintaining a bearish sentiment based on the Dow Jones, while our local market suggests a bullish trend. We might see a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 10 points. First, let's look at the bias: > Whenever consolidation...
Bank Nifty also has the same sentiment, and HDFC Bank has a solid bullish candle. If the market continues this trend, we can expect the rally to continue, potentially reaching a minimum of 49196 to a maximum of 49335 (78%). Alternatively, if the initial market takes a correction, we could wait for an immediate support breakout. If it breaks, the minor demand zone...
Good morning, friends! 🌺🍬 Here are the directions for May 24th: The global market is showing a bearish sentiment based on the Dow Jones, while our local market suggests a super bullish trend. We might see a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 80 points. Nifty has broken its all-time high with a solid...
BankNifty also has a solid rally structure. Here, we will follow the same sentiment as mentioned for Nifty. If the gap-down sustains, we can expect a minor correction of up to 23% to 38%. After that, if it finds support, the rally will likely continue with some consolidation. Alternatively, if the gap-down doesn’t sustain and there is an initial sharp pullback,...
Good morning, friends! 🌺🍬 Here are the directions for May 23rd: The global market is showing a moderately bullish sentiment based on the Dow Jones, and our local market also suggests a similar trend. We might see a neutral to slightly gap-down start, as indicated by GiftNifty, which shows a decrease of 30 points. Nifty has been maintaining a bullish bias within...
BankNifty presents a different scenario from Nifty, with its structure indicating a range-bound market. If the gap-down sustains, we can expect a minimum level of 47,547. If it then faces a sharp rejection, the range is likely to continue. However, if it breaks 47547, it could reach47340 to 47256. Alternatively, if the gap-down doesn't sustain and the market...
BankNifty is forming a gramophone structure, which is a consolidation pattern. We can expect a rally only if it breaks the immediate resistance at 48,195 with minor consolidation. If this happens, the next target should be a minimum of 48,360, up to the 50% Fibonacci level. Alternatively, if the market rejects around 48,195 or if there are sharp declines...
Good morning, friends! 🌺🍬 Here are the directions for May 22nd: The global market is still maintaining a bullish sentiment based on the Dow Jones, while our local market sentiment suggests a moderately bullish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +30 points. Nifty closed neutral with...
BankNifty has been consolidating after the sharp correction, which is totally different from Nifty. Anyway, if the gap-up sustains, we can expect the next target to be the 50% Fibonacci level. An alternate scenario, similar to Nifty, suggests the possibility of a long correction if it breaks the 38% Fibonacci level. However, if it doesn’t break 38%, then the...
Good morning, friends! 🌺🍬 Here are the directions for May 21st: The global market is indicating a bullish sentiment based on the Dow Jones, while our local market sentiment also suggests a bullish trend. It might open with a gap-up start, as suggested by GiftNifty, showing an increase of +60 points. Nifty has a minor consolidation structure after the sharp...