Observations:: Will trendline acts as support ?? price action is completely in uptrend... today after open a gap up price fall happens strongly... buyers try to make the price higher but failed to close above 19400 level... we can consider this level as a resistance... price is now near its trend line....will see if this breaks or not. if price breaks and retest...
Yesterday I was quite ambitious to call the top at 19334 + or 80pts levels. The opening 45 mts and then the subsequent fall from 13.30 to 14.30 showed real signs of N50 running out of fuel. But one thing that really proved me wrong was the intensity of credit spreads getting written at the PUTS side (bullish sign). Although there was lot of unwinding after...
It has been under formation since the 2nd week of March, which reflects the overall trend of the market for the Last 3 Months. It is a good time to invest in Nifty Bees since it has reached an all-time high and is on an unknown trajectory. Overall, it is a super bullish setup.
27 JUNE ANALYSIS: Nifty opens: side: if market give upside breakout then buy (PS-50% ) gapup: wait for price-action if there is huge gapup buy on breakout on either side(PS-50% ) gapdown: only very big gap down below 18700, will think of selling
As you can see and we had depicted yesterday Nifty had taken a firm support at 18646 and the only now was upwards. Despite negative to Neutral US markets Nifty opened gap up above what was 50 Hours EMA, confirmed support of the EMA at 18742 for few hours and then marched ahead. The march of Nifty was halted by the Mid-Channel Line resistance at 18829 and that is...
26 JUNE ANALYSIS: Nifty opens: side: if market give downside breakout 18645 then sell (PS-100% ) breakout on buying side 18720 gapup: wait for price-action buy on breakout(PS-50% ) gapdown: wait for further price-action and sell if breaks lower support (PS-50%) buy if hammer candle is formed after big gapdown and breaks high of first 5 min candle [PS-100%)
26 JUNE ANALYSIS: Nifty opens: side: if market give downside breakout after consolidation around 18650 then sell (PS-100% ) gapup: wait for price-action trade on whichever direction it gives breakout(PS-20% for upside and 30% for downside) gapdown: wait for further price-action and sell if breaks lower support (PS-50%) buy if hammer candle is formed and...
🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 26 - 30 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 18535, 18650, 18660, 18890. 🔎My outlook: The outlook for the upcoming week’s trading suggests a...
🔍 Analysis on Nifty for the Upcoming Week 🔮 Jun 19 - 23 The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure. 📈 Key Levels to Monitor: In the upcoming week, it's important to monitor key levels 🔎My outlook: The outlook for the upcoming week’s trading suggests a non-directional market,...
Nifty Nose-Dived below 50 hours EMA After Failing to Conquer All Time High which was within the touching distance. The factors responsible for the fall can be attributed to Hawkish stance of FED before July FOMC. Hawkish stance of global Central banks and Profit booking near all time high. Relative Strength Index of Nifty (RSI) also needed some cooling down. 50...
breck out on trend line and have potential to fall as nifty touched all time high once therefore nifty needs to consolidate a little bit greatest opportunity to purchase put side
Nifty opens: side: if market give upside breakout after consolidation around 18830 then buy (PS-30% ) if market moves down then sell (70%PS) gapup: wait for price-action trade on whichever direction it gives breakout(PS-20%) gapdown: wait for further price-action and sell if breaks lower support (PS-100%)
Observations:: The index is still in uptrend.... facing some resistance @ ATH...but no sign of bearishness is observed. yesterday index is trading in a range.... if today this will range may be broken...and will observe a trending expiry... Bullish expiry or bearish Expiry:: As long as price is above the 18700 it is bullish only.... if price breaks 18660 level...
The Zone around 18862 and ATH of 18887.6 is proving to be a tough resistance to conquer. Nifty has so far made multiple attempts but has not been successful so far this week after coming in the touching distance couple of times. Once ATH resistance is crossed the next resistance will be near 18953 and 19018. But before we get there Nifty might again take a dip in...
This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see! Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
Observations:: If both failed price clears the 2gaps below. The Nifty index price is showing some bearish pressure in the previous ATH Resistance zone. If this fall continue towards downside or will break ATH. so if we see the below picture, price is forming a Head and Shoulders pattern, is this a sign of reversal. ok if it is a reversal, we have 2 bullish gaps...
- if nifty breaks yesterday's high in morning without consolidation than buy in 1/10 qty. - if breakout on upper side happens after consolidation then we can buy. - on lower side if market opens big gap down and consolidate around 18740 then give breakout then we can sell.