Nifty. despite the bearish undertone and commentary, completed its targets beautifully before nosediving. Many including me were expecting this volatility yesterday on the budget day but, markets always surprise you. Congratulations to those who made the most of it.
Future forecast, a shooting star has formed on daily chart which will become active only if we...
This is a Daily Source Supply to Daily Destination Demand downtrend.
Equilibrium and the Location of the Price on the Equilibrium.
Short position with an amazing Reward to Risk ratio
ENJOY THE RIDE !!!
Greetings Folks,
today i have prepared a setup of NIFTY
the analysis is as follows
- the market was undecisive today
- made a pattern with dynamic support and resistance
- it can breakout either side, either use a retest entry or a good volume breakout as confirmation
dont play with fire, always use predefined stoploss
Price has to reach the Daily Supply which is the target of this Buy Trade, incase if the target is achieved first this buy trade becomes invalid, Price has grown exactly from the entry point and there are unfilled orders for which the Price has to retrace back into the demand. A very high probability Trade.
ENJOY THE RIDE
Price has started making Higher Highs which denotes an Uptrend, currently Price is giving a correction in the downward direction which again sigifies the Impulse Wave is in Uptrend and hence Uptrend is confirm.
Price has this Fresh Demand formed in The Daily chart which synchronises with the Weekly Demand as well, hence this is a Trade Zone in Daily with a...
NIFTY ARE CRITICAL POINT CREATED A 4hr divergence
sometimes all u need is few lines
nifty is in bull mode since last few session
expecting a pullback
levels marked in chart
comments are appreciated !
Market was volatile today and during the second half gave a up move and consolidated near the resistance zone.
Nify has closed below the 50% of fib levels and Resisitance zone.
Market looks bullish for tomorrow but has remained volatile in 17200-500 range.
Support :- 17190, 17100
Resistance :-17225-30, 17320
Wait for the candlestick pattern to form near the...
Nifty closed on a bullish note on last trading day.
Market trend reversed in the second half of the market.
Nifty is just below the resistance levels of 17321-17340.
Support levels:- 17190, 17100, 17000
Resistance levels :- 17340, 17500, 17600
Wait for the market to give a movement in either direction. The market may consolidate as market moved very bullish...
Nifty as expected couldn't cross and sustain the Resisitance level of 17320.
The market has streched and a retracement was pending.
On hourly time frame the trend look bearish and market is just near a short time support of 17110.
Wait for the levels and price action to for a pattern.
Support :- 17110, 17000, 16700
Resistance :- 17200, 17320.
Nifty 50 has travelled above 17300.
Market has consolidated for the last trading day in a narrow.
On daily time frame, market is respecting the golden level of 0.618 on fib retracement.
Support :- 17260, 17200, 17000(round figure)
Resistance :- 17320, 17500-50.
Wait for the chart pattern to form near trend line.
Today was a positive day for #nifty, but #banknifty slowed down and moved very choppily in a narrow range. The HDFC triplets (HDFC Bank, HDFC, HDFCAMC) saw some weakness today.
Banknifty is kissing the 50MA on the hourly chart and is at RSI 50, but Nifty is well above both those levels.
Important Nifty levels and Banknifty levels for tomorrow:
Levels for Nifty:...
