Every meaningful rally is not complete or can not surge further without a healthy correction. What we are seeing today might just be that. At least we can say so until the Nifty falls beyond 16666. Until 16666 every call should be treated as a buying opportunity. If 16666 is broken then Bears may grip the market. 16666 is a distance away currently. The supports...
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
Nifty is trading within 100 points. Breaking out of this range will trigger 100 points target either side.
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
In 3h frame RSI making bearish divergence and market is overbought zone in daily time frame. THIS IS ALARMING
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
In this weekly chart of nifty I have explained how price can behave near future. A retracement till support will trigger some profit booking and give a chance to make fresh long position.
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
market is in bullish mode. if it opens sidewasys and crosses resistance then buy for big gap up we will see futher price-action for gapdowm, we will only sell if it breaks support
Nifty is at a critical juncture. The support and resistance levels for Nifty for the remaining days in the month of August are as under: Resistance Zone: 17719 to 17779. Major Resistance Zone: 17779 to 18118. Support zone: 17349 to 17606. Other Support: 17178. Level beyond which Bears will regain control over the market: 16616 (Major Support). Long Term...
*Everything is mentioned on the chart. I hope it is easy to understand. *Don't jump in to trade at the beginning of the market. let it get settle for 15-20 min first and judge price action. *Avoid gap up or gap down chase. Wait and trade between level. Note :Trade with strict stoploss. It may or may not hit all the levels. So one can book profit / loss at...
The high that Nifty made today 17719 to 17832 will be tough to cross. Even if that is crossed or touched there is a major resistance beyond it which extends upto 18117. FIIs are buying relentlessly of late. May be their buying power can help us cross this important resistance. Investors should be aware of this zone and if there is a correction be prepared for...
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
Nifty 50 has seen remarkable move since June 2022 from 15200 levels to 17700. Currently it has reached at a price area , where it could struggle for a while. Today's Price Action 1. Opens gap up, did not sustain, closes near its low. 2. Rsi is also overbought, though no sign of weakness. We may see nifty going sideways for a while. Immediate Support @ 17400...
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
I have observed this pattern in Nifty daily chart 1500 to 1600 points down move 2300 to 2400 points down move If the recent high is temporary top for time being a 1500 points correction is possible in the index 2 days closing above 17600 will reject this pattern and next resistance will be 18200
Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the...
Nifty has given a strong rebound after a weak start on Monday morning. There are Three Resistance zone in its path ahead as shown in the chart under the names of R1, R2 and R3. The support Zones for Nifty are indicated as S1 and S2. R1= 17591 to 17796 R2= 17796 to 18117 R3= 18117 to 18608 S1= 17168 to 16800 S2= 16800 to 16400