After a noteworthy surge, NIFTY managed to close just above a crucial resistance level yesterday. For NIFTY, a sustained trading position above 20854 and further confirmation above 20870 with the support of 20850 could propel prices higher towards the levels of 20975-21003. Anticipate profit booking around these levels. Conversely, if prices initiate trading...
"#NIFTY Market Analysis and Strategy for Today" After a robust performance in Monday's trading session, NIFTY is positioned for continued stability today, projecting a trading range between 20727 and 20699. In the event of a dip below 20690 from higher levels, a potential retracement creates an entry opportunity within the range of 20600-20596. A prudent strategy...
"BANKNIFTY Analysis and Trading Strategies for December 5, 2023" Following a robust performance in Monday's trading session, BANKNIFTY is positioned for continued stability today. Anticipating a trading range, it is expected to fluctuate between 46831 and 46709. In the event of a flat to negative opening, a potential support level lies near 46231. Consider...
In the prevailing market landscape, NIFTY is showcasing a bullish trajectory, particularly evident in the daily time frame, characterized by the development of WAVE 3. This positive trend gains additional momentum from favorable global market conditions and a favorable outcome in the BJP's election results, signaling a conducive environment for an upward market...
In the current market scenario, BANKNIFTY exhibits an upward trajectory, specifically in the daily time frame, marked by the progression of WAVE C. This optimistic trend is further supported by favorable global market conditions and positive election results for the BJP, indicating a conducive environment for an upward market movement. To capitalize on this...
📊 **BANKNIFTY Market Analysis** 🏦📈 📉 **Key Support and Range Bound Scenario:** BANKNIFTY holds a critical support zone at 44570-44500, suggesting a potential range-bound trading session within 44819-44570. Vigilance is advised within this range. 📈 **Breakout Buy Strategy:** Upon breaching the resistance level at 44850, a favorable buying opportunity arises....
📊 **NIFTY Market Analysis** 📈💹 📉 **Profit Booking Zone Dynamics:** NIFTY is currently situated near the upper band of the profit booking zone at 20123, indicating a potential struggle between sellers and new buyers. This situation may lead to a sideways trading scenario. 🔄 **Gap Up Scenario:** In the event of a gap-up opening above 20150, with a sustained level...
In light of BANKNIFTY's persistent efforts to consolidate above a pivotal resistance zone, a favorable entry point may be identified in the vicinity of 43930, contingent upon the hourly candle sustaining this level. A judicious approach would involve establishing a long position with a stop loss set at 43821, targeting an upward move towards 44165. Conversely, a...
Nifty encounters a pivotal resistance barrier at 19930. A sustained breach above this level signals the potential for subsequent profit booking or consolidation within the range of 19966-19987. Further bullish momentum beyond this band could propel NIFTY towards the coveted level of 20121 in the near future. Conversely, a failure to maintain a position above...
**BANKNIFTY Elliott Wave Analysis 📈🏦** As we delve into the intricate patterns of BANKNIFTY, a compelling narrative unfolds. Currently positioned for an upside journey in Elliott Wave 2 on a larger hourly time frame, having gracefully concluded the last wave's ABC structure. **Elliott Wave 2 (Hourly):** 43827 to 44167 🌐 **🟢 Upside Opening Symphony:** Should...
**Navigating the Market Waves **Current Nifty Trading Range:** 19830 - 19869 📊 Dear Traders, In the dynamic sea of the market, Nifty finds itself riding the waves between 19830 and 19869, caught in the dance of Wave 2 and Wave 4 in the shorter time frame. **🚀 Intraday Rocket Opportunity:** If prices launch into positive territory above 19830 and ride the wave...
**Comprehensive Analysis of Hikal Limited 🌐📊** **Business Model 🏭** Hikal Limited stands as a global frontrunner in the manufacturing realm, specializing in active pharmaceutical ingredients (APIs), intermediates, and specialty chemicals. The company navigates three key domains: * **Pharmaceuticals:** Crafting a spectrum of APIs, including anti-infective,...
📊 **Technical Analysis for NIFTY on 23-11-23: Trading Strategies during WAVE 2 (Intermediate)** 🚀 In the context of NIFTY trading within WAVE 2 on the hourly chart, here's a detailed trade plan: **If Nifty Opens Above 18840 and Takes Support at 19824:** - Nifty has the potential to ascend to the range of 19900 – 19930. - Caution: Possible rejections and a...
📊 **Technical Analysis for BANKNIFTY Trading on 23-11-23: Potential Trading Strategies** 🚀 Following the completion of Wave C (intermediate) on the hourly time frame, there's anticipation for a potential upward move in Wave 2 of a higher time frame. Here's a comprehensive trade plan to consider: **If Opening Higher Above 43510:** - **Risky Trader:** Consider...
NIFTY : BUY : 19749 with SL19704 Tgt 19800-19831-19900 BUY : above 19840 with SL OF 19800 target 19999 - 19930 BUY : (if open in gap down 1970O) 19663 WITH sl 19615 target 19704-19750
BANKNIFTY consolidating Buying Levels : (1) 43600 with SL 43520 target 43936 / 44212 (2) 43360 with SL 43267 target 43600 / 43800 PROIFT BOOKING OR SHORT TRADE 1) 43900 WITH SL OF 43940 TARGET 43520 2) 44212 WITH SL OF 44250 TARGET 43900
After a drop form Wave 5 (major), BANKNIFTY is trying to move upside for Wave 2 (intermediate) So if BANKNIFTY opens higher above 43750 and hold, it can trade to the level of 43840-43933 and sustaining above 43950 it can move to the level of 44211 where it can face resistance at WAVE 2 (intermediate) and pull back to 44000-43900 if prices opens gap down below...
After completing ABC structure NIFTY was trading in a consolidation zone on Monday, for today if nifty opens below 19675, buying opportunity should be look near 19635-19620 with SL of 19600 for the target of 19718 and 197720 If Nifty opens in gap up and sustain at 19718, buying side should be traded for the target of 19772 and 19831 with SL of 19700-19690