DISCLIMER All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your...
The rampant run that Nifty started after making a base near 17255 has seen it make a high of 17799 and correct from there to close below 200 Hour's EMA at 17711(200 Hour's EMA is at 17716). Close above 17716 would have been great for the momentum to continue. Now that Nifty has closed below 200 Hour's EMA, Nifty probably will need a support to start next leg of...
Dear All, We have got 2 positive takeaways from last Friday. One was a beautiful bounce back from the level of 17300, and the other was observing the hammer formation on the weekly chart of Nifty. Well, as we had already stated in the Friday's Morning Mantra that this time after observing a closing of above 17300 level, we can expect to witness a sharp recovery...
Nifty 06 Mar 23 to 10 Mar 23 Short ,Medium and Long Term Nifty 17300 /17200 support provided last week acted very well. Nifty closed at 17594 ( Prev close 17465 ) Nifty touched a high of 17638 and low of 17273. RSI, stochastic and MACD are in recovery zone. Nifty short term - Will be upwards but need to cross the crucial resistance as mentioned below. Nifty...
DISCLIMER All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your...
Dear All, Once again the level of 17300 worked beautifully, yesterday. Well, this can be a good opportunity for us, as a level of strong support for upcoming rally. Today is the last trading day of this week, and we are quite positive to witness a bullish reversal candle on the weekly chart. If Nifty gives a closing of above 17300 today, then we can expect a...
Looks like Nifty found a good support again today near 17306 range. If Nifty can hold it tomorrow certainly it can again try to leap ahead tomorrow. Important Supports: 17306, 17259 and finally 17103. Important Resistances: 17469 (Tough One To Conquer) and equally tough resistance of 17582.
Nifty two possible scenarios LONG: After Change of Character SHORT: After LTF Confirmations(M15/M5)
Lot of resistances ahead for Nifty to cross. Today was just a good beginning today. May be there will be some consolidation tomorrow. The supports for Nifty are near: 17393, 17352 and 17255. The Resistances for Nifty are near: 17468, 17520, 17553 and finally 200 days EMA at 17584.
Dear All, Thankfully Nifty supported the bulls once again, as it made a perfect bounce back from the support level of 17300, yesterday. Moreover, on a positive note, we had also witnessed a beautiful recovery of approx 150 points from Tuesday’s (28th February, 2023) closing of 17303. Well for now, we are still with our words, that 17800 will once again be a...
Dear All, It is from back to back 3 weeks, that we have been witnessing the positive green candles on the chart of Nifty. So overall, we can state that as of now, there’s a close fight going on between the levels of 18170 and 17800. Therefore, from here, either a breakout of 18170 or a breakdown from 17800, will decide the new trend for the market....
Dear All, On observing yesterday's Market momentum, we could see that Nifty had made a positive opening at around 17383. Although, it was towards the later half of the day that some selling pressure was observed, and Nifty made a low of 17255. However, just as we have been stating, on a positive note, Nifty supported the bull side by ultimately giving us a...
Nifty is looking weak and desolate. Volumes have dried and important supports have been broken. Usually rallies and up moves happen only at the times when no one expects them to happen. The good thing right now is Nifty is respecting the support zone near 17252 and 17353. As long as the last for is held we can look for a positive move to happen as Nifty Relative...
Dear All, Yesterday was a wonderful day for the Market! Wonderful in the sense that it was quite predicted about the level of 17320 or 17300 to be a major level of support for Nifty, as of now. Fortunately, we got to witness the same, as Nifty took a wonderful support at around the level of 17300 and had ultimately given us a closing of 17400 approx,...
Dear All, Finally, once again we had witnessed the importance of the 17800 level in the last week. Wherein, as expected after breaking through this level, Nifty showed us a sharp downfall as it made a low of 17421, on the previous trading day. Besides, just as we had stated in the previous week itself, that Nifty is getting reading for the level of 17320 once...
Nifty 27 Feb 23 to 3 Mar 23 Short ,Medium and Long Term Nifty closed at 17465 ( Prev close 17944) Nifty touched a high of 17989 and fallen to low of 17429 last week. Market may further move sidewards for few more weeks for decisive movement either upwards or downwards. RSI stochastic and MACD are in negative zone and in oversold position and also there is no...
Dear All, Yesterday, we had once again observed Nifty’s movement towards the level of 17320. Wherein, Nifty had made a low of 17455.40 and had ultimately given us a closing of 17511.25 Moreover, since today is the last trading day of this week, it will be better if Nifty touches the level of or around 17320, today itself. Otherwise, we might get to witness some...
3 Bullishness indication : ------ 1. BB---- Range support 2. Fibo---1D TF 0.618 Strong Support 3. EW----Wave 2 also in favourable