#gifty trading is slightly negative, around 40 points from our closing, a sign of a flat to small gap down. We saw a bounce from hourly support during the Friday trading session, so there is still hope for a bounce or a pullback in the short term. Harmonic ABCD patterns will be activated at a rate lower than 21,900, and it is a crucial support for nifty this week...
I have posted two charts: the First is to understand the Intraday, and the second is my short-term view. Today is the weekly closing and the day that decides the market trend for next week. 72,500 is the last hope for the Bulls and a very critical zone, so keep an eye on these levels. They can help you play for the maximum today or in the upcoming days. Intraday...
Yesterday, the Nifty 50 index experienced a free fall. The question is whether this downward trend will continue today, especially on expiry day. Every day in the stock market is unique, and to succeed as traders, we must avoid being biased by previous movements. It's crucial to follow the levels. Currently, the Nifty is trading flat, suggesting a higher...
The market trend is unpredictable when it's stuck in a range. The index is moving both sides and creating uncertainty, which is the cause of volatility, so be careful during the intraday. Today is bank nifty expiry, and here are the index's essential daily levels. Intraday Range: 47,500 to 47,170 Long above 47,500 for the target of 47,750/47,800. Short below...
I've used charts to show things clearly. On Monday, there are two critical levels to watch. The first is 19,560 – a critical resistance point because the Index has been stopped by it many times before. If the Index breaks past this point, it might show a new trend (a change in how prices move). The second level is the low point, which might mean the prices will...
The current market scenario is sideways to bullish, and we have been trading in a range since Friday. The index momentum on both sides, the levels of 19,520 to 19,300. Intraday must be plan in this range for the limited targets. Intraday Range: 19460 to 19,400 Key resistance: 19,520 Key support: 19,300 Trade Accordingly!
Trading intraday can be challenging unless you establish a connection between smaller and larger timeframes. Here are the potential trading strategies for today's session. However, please note that these ideas may become irrelevant if the market index opens with a significant gap up or gap down.
SGX nifty moves again in the upside from the hourly/daily support area, clearing the one thing that 17,250/17,300 is still significant support for the upcoming. The market structure is on the downside, but we need to break this level to see a clear downtrend; otherwise, it will be stuck again in the range. Critical Resistance: 17,545. This is the previous...
The banking sector looks weaker compared to others, which is the main reason for the current decline moves. The market sentiments change so quickly, so you must take action on a certain level, either for continuation or reversal. Today Intraday Range is 40,900 to 40,570
Nifty 50 Moves Identification for the Intraday of 21st February I have marked two Important levels for today's trade setup. First: Based on the Pull back, the Key resistance for the Intraday (17,920) Second: Based on yesterday's swing low. Breaking this level is a sign the trend will continue (17,780) Both levels are sell levels, either on pullback or...
We are still trading in an indecision zone, The current market structure is sideways, and we need to wait to shift this range, either upside or downside, to predict the next move of the #nifty50 Index. Hourly Market structure is showing some strength, but it is unreliable to view the upside; we need more confirmation. Next week will be essential for us to plan...
#Nifty has bounced multiple times from their support (17,760) and created a possible bottom that could signal the hourly trend reversal, but we need confirmation. Friday's closing was the most important because it was the week's last session, and we have seen a favourable ending. Let's see if the market sentiment continues. 2 Hour TF ========= 1- Bottom valid...
#banknifty has given a "V" shaped recovery on Friday's trading session and closed positively on the last week. The main question is, "Does the move continue, or will it go back into a range?" As per the chart, the current market structure is favourable, supported by global cues. 15 Minute TF to find the best opportunity in intraday on January 16 In Friday's...
Good Morning Friends, We have seen very volatile days in the last week. We have seen a huge gap up on Friday's session, but the index has failed to positive bias because of the profit booking on the top level. You guys need to understand the market cycle and the market structure and always consider seeing the big picture to understand it. Indian Market is not...
The pressure on the fed is high after another red-hot inflation report dimmed hopes for a downshift by year’s end. The interest rate would rise by 75 basis points in the next month. Dow and SP500 were trading at their 52-week low, but we did not see a significant correction in Nifty50. The Index has given only a 20% correction in this declining phase. The market...
Nifty 50 Index continued its winning streak for sixth session in a row. India Vix also cooled off to 16.65 and is now at the lowest levels since Jan’22. Daily TF – Weekly Range Structure of the index is bullish on daily and hourly TF- making higher highs and lower highs, and index seems to have reversed in the short term. Index did not give any major...
The Nifty50 on Wednesday climbed for the fourth straight session and broke 16,500 level on a closing basis. Daily TF Index has formed a spinning top candle around the XABCD Harmonic PRZ area of 16,600-16,500 hitting almost both of our targets. This pattern suggests a possibly of reversal but on additional confirmation. We might see a small profit booking if...
The index rally in the last three trading sessions was almost 3% (432 points). Bullish sentiment continued. The Index has broken the previous swing high and sustained above on the daily chart. The Index is heading for its supply zone, and we can see a profit booking from 16,450 to 16,600. A crucial area to trade in intraday. Daily TF The Index gave a breakout...