After making a low of 21710 yesterday has made a good comeback in one and a half session closing the day at 22011. Now Nifty is staring into a strong resistance zone. The resistance zone starts from the high of today. i.e. 22080 and ends at 22206. This zone consists of trend line resistance and mid channel resistance as well. Closing this week above 22206 will...
Nifty formed bearish chart pattern on 15 mint time frame impulsive-corrective-impulsive. if it successfully break the low of 1st wave than its going for 21700
Nifty took a trend line support at 21710 while trying to form a bottom. If the bottom is confirmed tomorrow and we get a few positive candles while closing the day or week above 22042 some bullishness can return to the market. In case the level of 21710 is broken the next support level is near 21524. In case we get a closing this week above 22042. Further...
In this video we have discussed the short to medium term outlook for Indian markets. We have also tried to analyse the micro and macro factors affecting the recent downturn. Also in the video we have explained how to use the tool called 'Parallel channel' to guesstimate levels of indices or stocks.
Double Bottom Kind of structure is forming in Nifty but still it is delicately placed. If the levels of 22037 and 21912 are held which are a support zone and if the resistance zone of 50 and 200 Hours EMA which are at 22072 and 22144 are broken on the upper side we can see strength. Thus the support Zones for Nifty are at: 22037 and 21912. Below 21912 bears...
Nifty shows negative traits in daily timeframe, firstly it activated 5 Ema trade and secondly it give the breakdown of trend line. As we all know market faces the many hindrance i.e. international tension, electoral bond issue, few days back SEBI chief says "we are in bubble" all these traits try to make negative impact in the market.
We saw a good fightback by Bulls today as the Nifty bounced back from just close to 50 days EMA but to ensure that this was the temporary bottom we need a confirmation candle to close the week. The Resistance for Nifty will remain at 22204 and 22311 followed by 22500 range. Supports for Nifty will remain at 21851, 21779 and 21614. Below 21614 again the bears will...
The Zone between 21905 and 21779 can be a support Zone for Nifty as it tried to make a recovery from the area near 50 days EMA which was near 21839. If by chance 21779 is broken the next supports for Nifty will be only in the region of 21614, 21284 or even 20971. Worst case scenario can be 20412 which is a 200 days EMA and the channel bottom. So further steep...
2022 performance of high-flyers Nifty Vs Nasdaq (NDX) Bitcoin 🪙(BTCUSD) Tesla 🚗(TSLA) ARKK ETF ( ARKK) Data: Tradingview
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Nifty gave a weak closing today below 50 EMA (Mother Line). Which indicates that there can be more downside. However there will be support provided by the Mid-Channel support which is near 22263. If this support is broken further supports might be near 22129 (Trend line Support) or Father Line 200 Hours EMA near 22057. Resistances on the upper side for Nifty will...
Although various local and global Micro news and trends were indicative of Nifty rally fizzling out or making a top a strong undercurrent due to strong Macro factors is continuously providing undercurrent of positive bias to the Nifty and it keeps bouncing after every attempt to sell off. It will be interesting to see how much the Bull-Run can sustain further with...
Work religiously irrespective of temporary failures, have risk management systems in place As a seasoned derivatives trader with over a decade of experience, I find myself continuously drawn to the dynamic nature of the market. Inspired by familial ties and fueled by a passion for challenge, my journey into this realm began with humble internships and has...
Nifty is fluctuating between Trend line 1 and Trend line 2 in the below chart. Trend line 1 forms the resistance and trend line 2 forms the support of Nifty. There is also a line in the middle of the two lines which will provide additional minor support for Nifty. The support for Nifty from here will be present at 22293, 22241 (50 Hours EMA support), 22061 and...
Is Ultratech heading down after touching all time high. ? This stock has be consolidating from past 2-3 months and now finally gave the breakdown with good volume , But wait is it sustainable.? 10000 now looks like strong resistance for this stock and looks like it will further go downwards till 9316 and 9040 as per the fibs retracement level . But over all...
nifty looks bearish on 15minutes timeframe, it forms double top pattern at higher level.
Market Analysis Overview: In this comprehensive analysis, we delve into various indicators and market dynamics to provide insights into the current and future state of the Nifty market. By examining key factors such as Dow Zone, SJX Nifty, trading volumes, option chain data, and the behavior of different market participants, we aim to uncover potential trends and...
As you can see from the chart Nifty is continuously making higher highs and higher lows. There is a trend line 1 which is continuously supporting the Nifty. There is another trendline 2 which stops the Nifty while it is growing. As of now the trend is normal bullish within the trend line but if the trend line is broken on either side we will have a decisive move....