Nifty opened gap up today at 15977 just short of 16K. Went on to make a high of 16083 but could not sustain the levels amongst the selling pressure and ended negative at 15782. This indicates there is excessive fear in the market and selling pressure on every rise. The market mood index MMI measure of Excessive fear, fear, greed and excessive greed indicates that...
It was a bad week for NIFTY all hopes of recovery vanished as NIFTY could not sustain above 200 EMA after failing to sustain above 50 days EMA last week. NIFTY is trapped in a downward parallel channel currently having broken even the mid channel support levels from where NIFTY can turn upwards now are at. Important Support Levels for NIFTY will be: 16340, 16135...
Continuing the analysis of Nifty50 as per the idea shared on April 19, the following are the events that unfolded. 1. Price reversed from the PRZ at 0.886 (17150) and found resistance at the confluence of the last swing high and the trend line coming from the top at 17300, triggering a late sell-off on April 19 - on the back of some news related to the Russia...
Nifty has ended the week on a high at 17287 on the back of moderate US FED rate hike and Crude prices easing considerably. The chart is looking excellent and Bulls would be ready to take over the baton from the next week but there are few important hurdles they can face. Thursday’s high of 17344.6 from where the Nifty slid almost 57 points can be a strong...
Weekly Round-up: This was a week like no other. This was a week where FIIs were on a selling spree they sold worth Rs.22,158.15 roughly and DIIs were net buyers worth Rs.10,249.4/-. Although FIIs were able to shrink the Indian market by aggregate 2.92% but it is rare to se so much disconnect between Global and domestic investors. Are global investors not seeing...
Just keep on eye on this channel break for the upcoming Trading sessions. Might this will be a very crucial point.
Nifty Is making Rising Wedge pattern and can turn bearish once it broke the support trend line. Keep an eye if it's breaking bottom trend line to exit the trade first major support level is at 15433, and next is at 14755.75. Enter downward trade only if it give strong closing (2 consecutive) below trendline. Short term Pivot Levels are given below. PIVOT LEVELS...
Hi Friends, NIFTY sustained above 13000, so do we see bubble rally? Not yet we have uptrend resistance line is there, once brake of this uptrend blue line, WILL give us beautiful rally. I AM EAGERLY WAITING FOR THAT RALLY. it is like once in decade opportunity. so this week I will go with option 2 BUY HOLD Your humble trader KIRAN If you liked my...
Hello friends, This is third week I am continuing the NIFTY analysis. Nifty Tried to cross the Volatility stop, but cant able to do so. As we discussed last week, if NIFTY can not able to cross above 11500 level then it signals the weakness. In fact this week it did not move above 11500. BUT WE DID NOT MAKE THE LOWER LOWS YET. (crossing below 11185...
IN PAST 3 WEEKS, NIFTY IS IN SMALL RANGE OF 400-450 POINTS. CONSOLIDATION PHASE GOING ON NIFTY IS TAKING GOOD SUPPORT NEAR 50 AND 100 DAYS MOVING AVERAGE SO IN TWO WAYS TRADES CAN BE TAKEN WAY 1 BUY NIFTY NEAR 10950 SL 10850 TARGET 111200-11240 SELL NIFTY NEAR 11300 SL 11400 TARGET 11000- 10950 WAY 2 (WAIT FOR BREAKOUT OUT ) BUY NIFTY F CLOSE ABOVE 11300 SL...