The Indian stock market experienced a significant downturn last week, with the Nifty 50 closing at 24,852, a substantial 400 points below the previous week's close. Despite reaching a weekly high of 25,333, the index ultimately settled within its expected range of 25,850 to 24,600. Looking ahead, a bearish outlook prevails for the coming week. The Nifty is...
Nifty today looked very weak as it was not able to sustain many important support levels. Relative strength index of Nifty is also looking that it might fall further. The candle looks like an Olympic diver which has jumped from the podium. You can never say never but shadow of the candle as of now looks very negative and dark red in colour. Resistance for Nifty...
Nifty which closed at 25145 is delicately placed just above mother line 50 EMA and an important trend line near 25143. Another important support will be today's low that is 25127. Below this level there can be further weakness which can take Nifty to 25083, 25005 and 24875. If major support of 24875 is broken the final support will be near 24776. If 24776 is...
There are multiple global and local factors playing together line the multiple trendlines shown in the graph converging and diverging. These forces are not allowing Nifty to fall much and recover if it falls. At the same time they are not allowing Nifty to fly away towards 25.5K and above. The support levels for Nifty are at 25133 (Mother Line Support), 25083,...
Dear Traders, I trust this message finds you well in both your trading endeavors and personal pursuits. I am pleased to present a compelling opportunity through a new NIFTY analysis that indicates an imminent significant market shift. The recent upward surge in the market has prompted concerns, as my analysis over the past two months has consistently...
Although the closing on Nifty today was flat, as you can see from the chart closing was below a trendline which shows weakness. This weakness can lead to little more consolidation or can send Nifty searching for a substantial support. Resistance on the upper side seem to be at 25304 and 25337. Supports for Nifty are at 25241, 25197 below this level the major...
Nifty has attempted multiple times to break free and run wild but it has not succeeded. After making a new high there is consistent bout of profit booking seen. Over a few days now overall market breadth is not on the positive side. This phenomenon is natural when we are making new tops almost every day. Resistances for Nifty at this juncture are at 25330 and...
For tomorrow, focusing on the Nifty50 in a 15-minute timeframe, the price action indicates a potential continuation pattern known as the "Flag and Pole." This pattern typically suggests that the current trend is likely to continue after a brief consolidation phase. Below is a detailed breakdown of the possible price action: Technical Analysis Overview: Pattern...
Nifty has given a solid closing above previous ATH and important Fibonacci level showing growing momentum. A new All Time High was made today at 25192.90 for Nifty which closed strongly at 25151.95. Now there is a strong support zone for Nifty between 24998 and 24933. 24933 happens to be 50 EMA (Mother's line) as well as mid channel support. This resistance will...
Today will be flat opening expected in nifty. Possible nifty will open near 25050 level. After opening strong bullish rally only expected above 25100 level. Downside rally possible if nifty starts trading below 25000 level. 25000-25100 will act as a consolidation zone for today's session.
Nifty not able to close above 25078 after making a high of 25129 is not a good sign. It showed a kind of weakness in the rally which can send Nifty downwards searching for the support. Supports for Nifty currently are near 24960 and 24857. Resistances on the upper side are now between the zone of 25078 and 25129. Once we get a closing above 25129 the door going...
Two trades were taken today. 1st trade was on OI line entry on 5min timeframe. It was taken with Credit Spread, because I was expecting the market to be sideways and also take advantage of decay in premium prices. 2nd trade was on Podcast levels, again with Credit Spread to take advantage of decay in premium prices. Notes: - Credit Spread works when market is...
Again on NIFTY, took only 1 trade with Gap up/down strategy. 1:1 target achieved right away in the second candle itself. Notes: - Closed early due to peer pressure of reaching or closing the targets. Next time, will mute all groups or channels to focus on the trade itself. - There was another entry based on podcast strategy, but neither it hit the target nor it...
Everything is on chart for SWING view AREA UP AREA LOW SPACE
Nifty Scalp Levels: Go long on break out of the line (expected level 24918). Go short on break down of the line (expected level 24700)
Good Afternoon TV Family, Summary: The upcoming Jackson Hole meeting and potential rate cuts from the Federal Reserve, global equity markets could experience a shake-up. In this idea, we delve into how a U.S. rate cut might trigger foreign institutional investors (FIIs) to rethink their allocations and the crucial role domestic institutional investors (DIIs)...
Flat opening expected in nifty in consolidation zone. Any strong rally only expected if nifty gives break of this 50-60 points consolidation zone. Expected bullish rally upto 25000+ only after breakout and sustain above 24850+ level. Downside possible below 24800 level.
Nifty is currently resting on the mid channel support and is trying to cool down overheated RSI. This consolidation is necessary before it can march further. Earlier in the day RSI had reached over heated zone of 75+. Currently the RSI has cooled down to 67.89. Further consolidation will be good for the market before it's next leap towards 25K+ again. The new...