Ahem Ahem . Stay away part-4? Umm.....If you had been seeing these charts then you might have come across my previous posts that kinda had taken into account the 3% gapdown and the volatility that followed the last coupla days. Needless to say, the volatility is far from over but for now its business as usual. Now if have some experience in this market as a buyer or as a seller, You have been enjoying and loving every minute of it so to speak. God knows i have, :D. Enough Bloating, back to usual regular shit, though the risks remain persistent one can and SHOULD always fix the money he/she is willing to lose in the market. gotta have an understanding of the risk if you want to the reward. Stay Cautious now, Ignore the news cz markets react faster than them. Have Fun and stay profitable folks.Ciao
Niftyindia
Closing below 16416 on 25th Feb will activate Bear zone.After mayhem unleashed by Geo-political events Nifty has broken it's 50 days EMA at 17384, 200 days EMA at 16719 and 50 Weeks EMA which is at 16416. Closing below 16416 today that is 25th February 2022 will activate the bear zone in full force. All this points 17384, 16719 and 16416 will work as major resistances now. Below current levels of 16247 Nifty has support around 15935 and 15510. As of Now it looks less likely that Nifty will fall below this zone as of now.
NIFTY-03/02/2022 REPORTHello Traders,
NIFTY@03/02/2022
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Opened as a gap down, below PDH. Market was rejected at IMP level then went to near S@2
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CHANCES FOR NIFTY TO FALL ?Only an illustration of market considering a long term in monthly chart.
The big question is will history tend to repeat itself?. The analysis shown here is just a view on the market considering the theory behind the market and also taking into account about the 100ema as well as possible retracements.
This is why the market needs to be approached by a completely neutral position.
React accordingly, catch the big bull if markets collapse to similar levels
NIFTY -25/01/2022 REPORT Hello Traders,
NIFTY@25/01/2022
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Opened as a Gap down, at our Support PDL. Market took the support at S@2 then it was broken our levels (S@1,PDL,Support, Resistance ,IMP). Finally closed above IMP.
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Nifty long term viewAccording to this setup
Closing above 18690 will make nifty more bullish and this previous all time breakout will take it up to 19600.
19600 will be monthly target and can be trigger on any good news which may come on budget.
Before budget retracement till 17600 will make this breakout more successful.
On the flip side weekly closing below 17600 will change entire sentiments.
NIFTY Finally Broke Parallel Channel.Nifty was heading toward a congestion zone from 18300-18500. It had started to create 18350 as major resistance. Need to see if it sustain below the trend line on DAILY BASIS...
When we looked at previous charts, nifty was being held tightly, last few candles showed shallow candles. Now in charts supports have been made, keeping in mind there are few gaps left in nifty and trade causally.
Major even ahead - Annual Budget. Hope the market has not capitalized on such an event.
Happy investing, happy trading.....
Nifty setup for expiry 13/01/2022On 12 January Nifty open gap up and whole day it was range bound.
On 13 January result of some IT company will impact the index.
Trading setup
Buy above 18240
Target 18300, 18345
For intraday you can sell below 18150
Target 18080, 18020.
Trading below 18000 will trigger profit booking and we can see intraday correction.