A Close look at the chart reveal that there were 2 dips or sideways movement on its path (marked in red circles). We have seen one of these in last two days and it is completed or in progress. Once it completes the journey starts again.
Consolidation above the breakout line. Even though price was down yesterday, bulls have strengthened their grip on 11000 Put. Bears have shifted their focus to 11100 Calls. Major trend remains up.
Indian Markets seem to be preparing for a nice fall , 10700 seems to be on the cards, looks like a return to bottom support on the daily chart, as always keep those stop losses tight and take sell calls on the 5 min / 15 min / hourly intervals
Monday's loss was almost all retraced on Tuesday. It indicates to grip of bull. Now if price goes to hit the earlier high at 11161, it may form a Negative Divergence which may slow down the up move. OI table is favorable to upmove as the bulls have built huge position at 10800 Puts.
NS Daily chart marked. Now it is in an expanding triangle. It looks like NS is getting ready to repeat the earlier pattern of two curves and an 45 Degr.up move, marked in rectangles with shaded area.
Hello Traders,
N50 broke out above the 10929.20 from May 15 with a solid volume and traded by closing week @
11018.90, the highest close since Feb.01! While the move is not clear a „five-up“ we have to analyse it on lower timeframes.
Here is what the 2 hour Chart:
Observing the move from 10557.70 on June 28 the pattern looks impulsive and it is able to draw two ...
Nifty has broken the previous life time high trend line and again took the resistance at 11050 level. this week nifty could see profit booking from strong supply zone of 11088-11150. I will sell if price comes at 11090-11120 Level with the stop loss of 11200 for the target of 10900-10800
Nifty’s recovery from Rs.10,557 has neutralized the immediate bearish outlook put forward by rising wedge breakdown and the short-term outlook would turn bullish should the price find acceptance above Rs.10,786 (today’s high).
The 50-share index closed 0.19 percent on the day at Rs.10,753, keeping the descending broadening channel intact, as seen in the 4-hour ...
MARKET ANALYSIS: After a week of bear runs, Now the market has reached the demand zone and will be reaching the supply zone soon. If the market is able to break the supply we an see a next rally to the higher demand zone near the 10800 level. So lets wait and see what the market does in the coming days. Cheers!
If we get today and tomorrow Nifty close above 5 SMA, NS is ready for the next leg of upmove. First resistance being
10837 and two closes above it can see NS sailing to 11700-900 area.
