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Nifty Analysis: 30-05-2023 Today, Nifty was in consolidation mode. Here, I consider the following points. 1) It took support at the 18590 level exactly the bottom of the channel (Green Back Ground). 2) It crossed above the parallel channel (fluorescent green color) These two points are showing the strength of Nifty. Tomorrow's (31-05-2023) levels are given in...

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Bank Nifty Analysis: 30-05-2023 Bank Nifty was in consolidation mode. Tomorrow's (31-05-2023) levels are given in the chart.

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Bank Nifty Analysis: 29-05-2023 Today Gap Up takes BN to 44489 level and hence consolidated. Our upper-side target was almost reached. But my expectations did not meet today. Tomorrow's (30-05-2023) levels are given in the chart.

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Nifty Analysis: 29-05-2023 In the previous analysis, I said that RIL is one point away from the recent swing. Today, RIL broke that 2509 level and consolidated as discussed earlier. Further, due to the huge gap up, Nifty moved up to 18643 and got down to the 18582 level. Tomorrow's (30-05-2023) levels are given in the chart.

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Nifty Analysis: 26-05-2023: RIL took Nifty to the 18418 level and hence entered the yellow channel as shown in the chart. Further, RIL is one point away to reach its recent swing high. I expect from that point, it will consolidate or go down. So, 29-05-2023 trading will depend on the movement in RIL. Levels are given in the chart.

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Bank Nifty Analysis: 26-05-2023 BN broke the trendline upper side and moved beyond the 43880 level as discussed in the previous analysis. Some crucial factors: a) When we see the 30-minute chart, the last 2 hours were in consolidation mode. b) HDFC Bank was controlled by 50 ema downside. c) Kotak Bank is under 61% Fibonacci level. Due to these factors, I expect...

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Bank Nifty Analysis: 25-05-2023 BN has broken the triangle downside as expected. Also, I said that the daily chart of BN closed yesterday with very nearer to major support. Further, we discussed that if the BN breaks the triangle downside, then the first support will be 43548. It happened today exactly at that point and hence moved towards ema 50. Still, BN is...

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Nifty Analysis:25-05-2023 Yesterday, I said that Nifty will take support @ 18211. As said, today Nifty took support at the 18202 level and hence gave the confirmation above 18211 for a long entry. (Also, I said that, from that point, we consider long with proper entry, and the target will be the upper side of the triangle.) Today, Nifty did what we discussed. For...

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Nifty Analysis:24-05-2023 Our target hit exactly the downside. Nifty settled under 50 ema level. I expect Nifty to take support @ 18211. From that point, we consider long with proper entry. The target will be the upper side of the triangle.

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Bank Nifty Analysis: 24-05-2023 Finally, BN has broken the triangle downside in a 30-minute chart. But, when we see the daily chart, BN closed today with very nearer to major support. 1) If it takes support here then it will move up to the top of the triangle by tomorrow (25-05-2023). 2) Suppose it breaks the triangle downside then the first support will be 43548...

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Nifty Analysis: 23-05-2023 H&S pattern had been obeyed by nifty today and it touches our second target upward. Afterward, it reached the neckline of the H&S pattern. Tomorrow's predictions are given in the chart for educational purposes.

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Bank Nifty Analysis:23-05-2023 A fake breakout happened in BN. That is, BN doesn't want to move above the 44000 level. Today BN touches our second resistance and hence got down to below the ema 50 level. Tomorrow's (24-05-2023) levels are given in the chart.

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Bank Nifty Analysis: 22-05-2023 Still, BN is in consolidation mode as we discussed yesterday. The chart says that BN will form a triangle pattern. I expect some consolidation again in the coming days. Once BN breaks the triangle, then we discuss the intraday level.

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Nifty Analysis:22-05-2023 Today's nifty went as we discussed yesterday. It took resistance at the 18303 level. It has formed an inverse H&S pattern. Scenario 1: If tomorrow's (23-05-2023) market obeys this pattern, then nifty will reach firstly the 18389 level. Secondly, it will reach the 18457 level. Scenario 2: If the market breaks this pattern by tomorrow, it...

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Nifty Analysis: 19-05-2023 Downside's first target had been hit and bounced back to the 18219 level. From the chart, we can observe that nifty touches the 200 ema level. I expect range bound for some days. Limits are given in the chart for tomorrow's (22-05-2023) intraday. (Education Purpose only).

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Bank Nifty Analysis: 19-05-2023 Scenario 1 in our previous analysis target had been hit on 19-05-2023 in the first half an hour candle. Scenario 2 also had been hit on 19-05-2023 in the second half of trading. From the chart, we can see some consolidation around 43500 - 44000 in the last week. Intraday levels are given for tomorrow (22-05-2023) in the chart itself.

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Nifty Analysis: 18-05-2023 Today nifty settled under 200ema as expected. Reliance Industries Ltd is also settled under 200 ema. Further H&S pattern has formed. Scenario 1: If the trend continues tomorrow (18-05-2023), then the trend will be extended up to the 17765 level in the upcoming week. (I expect a gap down tomorrow) Scenario 2: If the H&S pattern fails...

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Bank Nifty Analysis: 18-05-2023 a) Scenario 1: Bank Nifty will form an inverse H & S pattern. If it will be formed, then a huge upside is there. The following days will prove. b) Scenario 2: Trendline which is in blue controls tomorrow's (19-05-2023) market then the downtrend will continue.