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 Short, Medium & Long Term view 26-Aug-24 to 30-Aug-24 Nifty closed at 24823 ( Last week 24413 ) and touched low & high of 24524-24866 As suggested last week, market bounced back and moved up and near to the initial line target of 24900 as shown in the chart. Post Indian Elections, reduction of interest rate by RBI is expected on a staggered manner till...
Nifty Shortterm View on Daily TF Looks like Trendline testing is pending on Downside and if we invert the chart structure , then also i feel taking risk on downside is having better R:R Even if market breaks Present ATH, this Trendlines are still valid as long as they didnt get validated.
Nifty Short, Medium and Long Term review - 25-Sep-23 to 29-Sep-23 Nifty closed at 19674(20192)and touched low & high of 19674 and 20195. Caution was provided on Overvaluation and to sell upto 30% Stocks with High valuation/ Profit and non performing Mutual Funds. Personally i could sell 15% of my stocks & Mutual Funds. RSI and Stochastic level down from 76 to...
In the short Nifty looks little indecisive. I the medium term Nifty looks solid. Couple of Dojis after cup and Handle Break Out for NIFTY indicates some tussle between Bulls and Bears. Where Bulls have managed to or are trying to free Nifty from a two year consolidation phase where Nifty was mostly between 16000 and 18000. At the same time Bears are trying that...