Niftyviews
#NIFTY Intraday Support and Resistance Levels - 16/08/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 19400 level and then possible dowside rally up to 19280 in today's session. in case nifty trades above 19430 level then the upside target can go up to the 19550 level.
Nifty levels for 22nd JuneThis is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
Nifty Levels for 20th June2023This is not a prediction! And never believe in any prediction either! Just My-Lines to watch if it's respected and PA have an edge will buy or Short. Trade your system, trade what you see!
Check my previous post to see how well the levels were respected and reacted. Always wait for a retest to validate the levels, if its crosses above or below
Is the VIX giving a warning signHistorically, for the last 10 years, whenever there has been a non confirmation between India VIX and Nifty at new highs or lows, it has been a indication of a change in market direction. So unless the ViX falls to a new low, the last high has not been confirmed.
For reference the VIX chart is inverted
Morning Mantra - 9th February, 2023Dear All,
What a beautiful day it was yesterday, which seemed like a perfect “8 ke thaat”. Wherein Nifty had given a beautiful closing of above 17800.
Just as we had stated in our weekly analysis on Monday itself, similarly, perfect Piercing Pattern on the weekly chart can push the index towards the level of 17800 and then further to 18170.
Moreover, a contribution from all the sectors is somehow indicating a positive post budget impact on the Market, which may take the index towards the 18400 level in coming days.
Also, in the meanwhile, following the Cherry picking strategy will be a good idea.
Regards,
Alok Daiya