Data and history shows when Interest cycle changes from Rate hike to Rate Cut SPX 500 comes down 25-40 % in a year backed By Leap year And Some Major Negative News or Event Also happens Coincidently. Lets see What 2024 Stores for Investors & traders. Being A Leap Year & Rate cut on cards any Major Negative News Coming this time too ..???????
Price action Chart Bank nifty Support Zone = 46300-45800 Resistance Zone = 48500-49000 Below 45800 is 43000 target Zone with Price action chart analysis
As per Our Nifty Spot analysis Before election result Negative Surprise Target of 21280 was hit Yesterday Now as per current Price chart setup and Political Scenario I have analyzed . Please watch Video analysis With your Comments . Thanks
Nifty Spot Weekly & Daily Chart Trendlines with Election Event Directional Target Zone Positive Surprise & Exit poll Impact Target 1 Upside Zone = 23100-23300 Target 2 Upside Zone = 23800-24100 (Most Likely) Negative Surprise Downward Zone Target = 21900-21200
Gap up in Gift nifty by 700 points nearly . Thumbs up to exit poll. but be cautious on result day tomorrow . No assumptions only risk management and Trend.
Nifty Spot Weekly is Clearly showing a dangerous Rising wedge with expected Path as per trendlines & Price action. as per General election result Lok Sabha seats : NDA = 350+ Nifty = 23500 - 24000 NDA = 270-300 Nifty = 21800 - 21500 NDA = Below 250 Nifty = Below 20000
Silver 60 Min chart is in Downtrend at 80 Degree slope (Sign of Reversal at Support zone) Entering Buy Zone . Waiting for Price Pattern to Change HH-HL and candlestick Green.
SPX Daily Chart With Negative Divergence Rising wedge With Downtrend Biased in Weekly & Daily Time-frame Target 1 & 2 Is marked on the Chart.
US market with Gift Nifty signals positive opening with Upside target of 22600-22675 Fibonacci + resistance zone
Nifty at 0.618 Fibonacci level Candle = DOJI Down Target = 22100-22050
Bank nifty Spot at 0.618 level at strong resistance zone Down Target = 47300-47200
Rounded Bottom or Cup & handle Bullish pattern formation Higher High Higher Low swings RSI > 60 Target 1 = 38750 Target 2 = 39050
As per four parameters Trend = US future -Dollar index-Crude-VIX . Market is likely to open UP today. and with further Upside rally. Gold & Silver are also down today signaling uncertainty fear is getting lower.
US FUT = Down GIFTY Nifty = Down OIL = Up Silver = Up Gold - Up Volatility = Up
Breakout with Strong Green Candle Rising slope of 60 degree "3" Upside Targets with Lines and Price levels. Stop Loss is low of Green Candle
At Upper Bollinger band daily chart Candles are getting weak showing buyers are loosing momentum as per Pivot Monthly downward Target is 48000-47900 thereafter window for 47000 is open
Strong Uptrend Fib Extension 1.1618 Target 2564 In coming Weeks
Uptrend at Golden ratio 0.5 to 0.618 Trendline and resistance zone matching with 0.1618 level Waiting for reversal pattern at $84.5 - $85.5