Nifty closed with strong selling around 17500, with strong rejection at 18100, the previous high, for three consecutive days. Still need to break the Higher Low 17200 to move further south.
Crude inside the range failing to break the lower high and forming an inside candle in daily tf. On breaking the current low, more downside target till 82 range.
Nifty still staying inside the trendline forming higher lows, with strong supports around 17700 on daily tf and 17200 around weekly tf. If the price manages to break 18100 level from here, upward rally will start
S&P 500 close to trendline. If it breaches the trendljne, price will reach 4150
Nifty seems to rejected at the recent lower high and staying inside the range of the big green candle. We have also seen lower momentum candles inside the range. Also, in the intraday hourly candle, price did not break the first hour red candle.
Nifty needs to break either 17630 or 17480 to move further. Still inside the range. Looks a regular range Friday.
SPX short term trend for the day. Although it is possible for the price to form a lower high on a higher timeframe, as the current zone is a buying zone in daily timeframe
If this is a retest of the key level, our target will be 17530 range. Also, we are seeing a minor trendline that respects the level
SPX approaching the 3970, where the buyers stepped in. Let see if the level gets broken
Crude looks like it is about to break the previous high. On breaking the key level (only if) 95$, the upside target will be around 100, then 104 as consecutive targets. No sign of going down though.
NG is approaching the trendline forming a higher high. If it holds 9$ and manages to break 10$, good upside rally will begin
S&P should hold 4160 range to move further north. Or a new dip might be possible
INDIAVIX might be shooting up, and we might be seeing a new dip in the market. Fed might be hiking up the interest rates, so good time to sell i guess
Nifty appears to be in the form of a raising wedge, with less momentum on the buying side and filing to break the intraday high
Nifty seems a little weak even though closed green. Buyers struggling to push the price beyond 50% of the two large red candles. The bearish pendant will favour shorts till 16360 and even further lower on breaking the level.
Nifty appeared to have formed a lower high, also wicks forming close to the trendline. On breaking 530, price might reach 500
Crude tried breaking the downtrend, but failed multiple times. Need to break the key level 95$ to move north. The price faced some rejection today on the down trendeline
TCS need to break the trendline to start a big rally. Price needs to close beyond 3500 with volume