Understanding the Bullish Momentum in S&P CNX NIFTY: A Detailed Analysis The S&P CNX NIFTY, a crucial benchmark index in the Indian stock market, is currently exhibiting significant bullish momentum. With its spot price hovering around 22,957.1, close to the pivotal 23,000 strike price, there’s a clear indication of robust market activity and investor confidence....
The higher the Gap up today, the mor confident I shall be to sell on the first tick. There is one stop NIFTY missed in this pilgrimage downhill: "21800". When she realizes it, she would turn around and rush to make that final downward journey before continuing up to where she belongs. A gap down opening is when things will become tricky. In this case there might...
Nifty 15m has conquered the EMA 100 at the end of the hour today. We were able tp capture both the PE and CE side momentum using Risological Indicators. Hopefully next week, we will see Bullish days. On a Daily timeframe, chart looks BEARISH. So, we might also see a BIG gapdown on Monday morning. Trade safe. have a happy weekend!
Index bounced aggressively after making a temporary bottom at 21823 . 21823 stays an important level to watch out for, If index sustains below 22000 and starts sliding long traders should exit their position! Falling channel breakout gives us the following targets - Target 1 - 21350 zone Target 2 - 21500/530 zone Strict Sl once the index starts sliding...
Will be interesting to see where we open. A gap up will my ideal scenario where we could short with a tight SL from the word "GO...". A neutral opening, again if we plan to go short, the position size will have to be significantly smaller. In case of Gap down opening, I shall wait for a retracement to sell into. That's the plan.
GUY! Look what I ve been able to catch! 780+ points on NIFTY and still running. Closed position partially. 25% still open position, Iam gonna let it run till the price crosses above the Risological Astra dotted line. The Risological astra shows there is a little more room for a dip before a reversal. Let's wait and watch. Furthermore, the election results...
We have a Fresh 3H Demand which is the Source of the Uptrend till the Destination Fresh Weekly Supply. Further in lower timeframe we will check for a confirmation We see how the price has been moving making new lows ands new Highs until it reaches the 3H Demand and after reacting to the 3H Demand we see that Price has violated its previous high and now we...
Nifty spot and FUT, both settled at crucial levels marked in our previous analysis. This is the level that has to be protected for Nifty to stay "NOT BEARISH" at least. Now with an even in sight, I am not sure how it will behave. My previous narrative was that Nifty would stay at ATH levels and with the election result, would fall. But now it seems like there is a...
22650. Who are these straddle writers who believe in the fables of the fall of Titans? Depending on the Pre market open price, we can see when they will run for cover. Not IF, but WHEN. Let us see if we can gather enough buyers to take out the fabled 22800 short sellers today. Most likely it might happen by the end of the day.
This is the Monthly chart to understand the biggest picture for Swing positions. This is a Potential Weekly Demand which has the power to turn around the game in the buyers side. Now in order to reach this Demand Price needs to reach some Supply and then retrace down into this Weekly Demand. Further down in Daily chart we see there is a "Violated...
This is not an investment advice or recommendation, It's solely for Educational Purposes. This is the bias for Nifty for now. Market Structure is positive, will be working on the most probable setup. Expecting some retracement before continuation of the up move. Spotted this inverse head and shoulder structure. A high probability for long side trade.
These the are 3 most probable paths for Nifty to move forward. We are bullish right now, however there's still room left for retracement. We can look out for longs once we confirm that the retracement is complete. If selling stays strong and market structure shift bearish, then we can continue looking out for short side entries.
#ZENSARTECH ZENSARTECH Good for Holding around 6 TO 9 Months ..... Current Price at 621.50 ......... Keep SL at 594.35 .... (On Closing Basis ... Means ... Daily Candle closed Below 594.35 )….. After Close Crossing 644 …. Trail SL to 639 Targets are Shown on Chart in Greens . Key Partnerships Cloud Computing: The co has partnered with Microsoft Azure, Adobe,...
Pair : NIFTY 50 Index Description : Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of Lower Trend Line and Retracement Break of Structure RSI - Divergence Completed " 12345 " Impulsive Waves
Nifty important levels and trade plan for Thursday, 7th March In daily time frame Nifty is in uptrend, and for tomorrow, we will look for mainly bullish trades, as there are plenty of support levels too. However, we may enter into bearish trades, if necessary, with limited quantity, and for very small targets. There will be resistance zone between 22497 and 22514...
NIFTY INDEX is at crucial support at trendline... after a long time consolidation, price moves upside. DROP BASE DROP is observed previously... BASE acts as resistance it will fall back to below demand zones... we have a strong demand zone lies at 21700 levels... so tomorrow we have to observe this base bottom is pushing the price downside or not... by...
Nifty index is showing strong bearish pressure from the 22200 levels. A drop base drop is done. Price tested the demand zones at 21960 levels . now it is ready to move again or fall back to below trendline to grab the liquidity. On bottom side, strong support at 21800 levels with an intersection point at trendline... this is likely to push the price...
I am sharing the important levels of Support and Resistance. These levels plays a crucial role in trading decisions, as they act as reliable markers of price movements. ------>>Support levels are price points where an asset tends to find buying interest, preventing it from falling further. ---->Resistance levels, on the other hand, are points where selling...