NIFTY1! There is this possibility of a symmetric triangle in GIFT.
Why the occurrence? The triangles are possible when the market moved too far too fast + before one last move in the sequence, too!!!
In our case, we had some serious long term trend resistances in the areas of 25100 ~ 25200 in addition to the above said factors.
If I'm right here - there are 2 significant takeaways, 1. There is a final upward move remaining in the sequence that can emanate from where the E wave ends & can go up by 750 ~ 770 pts. 2. Following which the market will return to correction in monthly time frame(NO ALL TIME HIGHS are expected out of this final move).
NIFTYM2025 I expect one final higher leg testing 25,500 levels before any monthly correction onset. The real question is will there be a fall before the said one higher leg?
TBH, i see a probability of 60-40 & inclined to having a correction before any new high.
Hey BhaveshavaaniNIFTYK2025 has weekly res at 25.7K, though not on June . Both Nifty and GIFT May are facing resistance around that level. With the monthly close approaching, things are getting interesting — a trade deal is in progress, and Trump is applying pressure with remarks like “Tim, build in America, not in India,” and “India can take care of themselves.”
As of 3 AM IST today, NIFTYK2025 below 24,200 — and what a bounce we’ve seen since! Clearly, the operators and institutions are active; you know the drill. That’s exactly why I mentioned in yesterday’s post that buying insurance for today made sense if the mid-level support was broken. NIFTYBANKNIFTY
Looking at NIFTYJ2025 and NIFTYK2025, it does look like we might see a kaboom 💥 on Wed/Thu. If not, then the calls could get compromised for the April 30 expiry play — they’ll likely get inflated, which is my concern, similar to what we saw last Thursday this week.
NIFTY1! There is this possibility of a symmetric triangle in GIFT.
