Nifty index is showing straight forward bullishness from the keylevel @from BASE high. Price observed a rally base rally from 21500 levels to 22500 levels. Trendline is also acts as support,to push the price. Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies...
All INDEX key levels for March 13, 2024 #Nifty #BankNifty Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the rise of 500 points in BankNifty Here are the key levels to watch for potential entry and...
Head and Shoulders kind of pattern formed on Nifty hourly chart which is not a very good indication for rest of the week. Only saving grace which can support Nifty in this scenario is a trend line and Mid-Channel support which are in the zone of 22302 and 22255. If 22255 is broken and we get a closing below it tomorrow or the day after H&S Break down will be...
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 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...
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...
Hello friends, as per Nifty Elliot wave theory nifty is near its buy zone near 21800 - 21900 its good opportunity to buy if nifty come this levels....
Nifty will be gap up opening in today's session. After opening nifty sustain above 22420 level and then possible upside rally up to 22540 level in today's session. in case nifty trades below 22370 level then the downside target can go up to the 22250 level.
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....
Nifty will be gap up opening in today's session. After opening nifty sustain above 22350 level and then possible upside rally up to 22470 level in today's session. in case nifty trades below 22310 level then the downside target can go up to the 22190 level.
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...
As it was expected and depicted in our message yesterday Nifty took support at the trendline+200 EMA support making a low of 21860 and closing at 21982 making a high of 22060. We had mentioned as 22053 as resistance in case of bounce. The resistance of Mother line, 50 EMA forced the Nifty down again.(As shown in the encircled portion in the chart). This is how...
Nifty index is still in consolidation zone... We have a chance of drop base drop.Keep in long side as long as price is in channel. even though it is drop base drop we have to wait for clear short side confirmation,wait until the price breaks the trendline and retest for shortside.. we have a lot of liquidity lies below,we can enter long again on bottom side if we...
Today again we saw benevolence of Mother line (50 hours EMA) coming to fore and supporting Nifty giving it support to close well in the green. If Nifty can close above a strong resistance of 22218 there are good chances of Nifty again reaching previous high of 22295 or even cross it and go towards new high of 22364. Supports for Nifty remain at 22110 and 22105...
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...
Hello Traders, Here is a Brief Overview About The Analysis of NIFTY 50 For Feb 26th!, There Are Total of 2 Support Zones Which You Need To Look For And Same 2 Resistance Zones And To Be Mentioned One Grey Area And We Have 2 Imbalance Zones! The Horizontal Lines From Volume To Volume And OI To OI Indicates The Market Range in Between For That Particular...
Nifty50 Daily Chart Analysis as of February 23, 2024 Disclaimer: I am not a financial advisor and this is not financial advice. Please do your own research before making any investment decisions. Overall: The Nifty 50 closed at 22,213 on February 23, 2024, marginally down by 0.02% from the previous day's close. Despite the minor dip, the index has been...