Wealthcam

Wealthcam

As we can see NIFTY remained sideways throughout the day and is yet to decide its upcoming trend as the weekly candles close above our supply zone is yet to be made hence one should trade cautiously as few coming days could be further negative to sideways so plan your trades accordingly and keep watching everyone

Wealthcam

As we can see NIFTY has broken and sustained itself above all our supply zones confirming the bullish bias but yet to close its weekly candle above the given supply zone. If it closes then every dip can be bought for new ATH in NIFTY so plan your trades accordingly and keep watching everyone.

Wealthcam

As we can see NIFTY is showing signs of rejection from our zone despite being strong forming a doji kinda candlestick. Now following the global cues, we can expect NIFTY to open stronger but hitting the even strong supply zone after filling the gap which can lead to further fall after strong opening so plan your trades accordingly and keep watching.

Wealthcam

As we can see after modifying our supply zone, it still seems to be in supply zone and a weekly candle needs to be closed above the given zone hence unless it sustains and gives a closing above given level it is risky to go long from here and make fresh positions so plan your trades accordingly and keep watching everyone

Wealthcam

As we can see NIFTY trading at final resistance after a strong breakout of 23400 level and now is trading around 23800 levels which has acted as a strong supply zone previously hence we can expect signs of REJECTION around here but if any case it sustains above the given level then we can also see a possible formation of inverted head and shoulders pattern in...

Wealthcam

As we can see NIFTY did manage to close itself above 23400 level showing signs of bullishness but this level has acted as a strong support previously and hence expected to act as a strong resistance. Hence we must wait for a weekly candle to close above 23400 level for confirmation for further upmove else our view is bearish and can result in good fall as the gap...

Wealthcam

As we can see NIFTY is heading towards 23400 levels which previously acted as a SUPPORT and now can act as a potential resistance hence as long as NIFTY doesn’t sustain itself above 23400 levels one should not go long aggressively and think of booking profits partially here.

Wealthcam

As we can see following the global cues we can expect another strong opening for NIFTY but it can be seen heading towards psychological level 23000 and hence this level could act as a support hence one should not go long aggressively unless it sustains itself above 23000 levels so plan your trades accordingly and keep watching everyone.

Wealthcam

Following the global cues, the gains has been nullified by today’s fall in global market which can lead to not so strong of a opening but in a broader view NIFTY seems to be taking support at the falling wedge structure which is a potential signs of REVERSAL and strength hence as long as NIFTY maintains itself above the structure, every dip can be bought despite...

Wealthcam

As we can NIFTY got itself in the structure again and is likely to remain in that structure if not influenced by global cues but looking at a whole INDIAN market looks strongest and less affected as compared to the global market which makes us stay by our analysis of buying the dip till the mother candle is not broken below to plan your trades accordingly and keep...

Wealthcam

As we can see NIFTY breached all its mild support and is now trading at most important demand zone and looks like the best time to buy the dip till the low of this broken below for further downfall ! Hence our approach should be changed from selling the rise to BUYING THE DIP keeping todays candle lows closing as stop loss! So plan your trades accordingly and keep...

Wealthcam

We had been on the negative side despite of multiple green candle formation and told to sell every rise and our patience did paid off. Now we can see it has closed around the breakout zone and testing the previously acting resistance but following the global cues, we can expected another weak opening inside the structure hence any opening inside the structure...

Wealthcam

As per our plan every rise is being sold till it sustained above 23400 hence we will stand by our analysis of selling the rise and unless it sustains itself above 23400 the trend will not be changed so plan your trades accordingly and keep watching.

Wealthcam

As we can see NIFTY did try closing itself above our zone but failed and hence unless it closes above the supply zone every rise could be sold as the previously acting demand zone could now act as a strong supply zone which could show another rejection and continuation of downtrend so plan your trades accordingly and keep watching

Wealthcam

As we can see NIFTY looks more weak as it has broken the consolidation making it weaker. Now that it has confirmed the weakness and expected to reach its next eminent demand zone of 23000-22900 levels hence till the zone is reached, every rise can be shorted so plan your trades accordingly and keep watching.

Wealthcam

As expected NIFTY still seems to be consolidating between our levels and yet to decide its upcoming trend but looking at global cues, we can expect NIFTY to open weak but the zones could act as a strong demand and supply done hence till NIFTY sustains below our above either zones, the trend will not be confirmed so wait for proper setups and confirmations and plan...

Wealthcam

As we can see NIFTY is maintaining itself between our levels and is expected to remain in this same zone until it breaks either side which confirms its upcoming trend so plan your trades accordingly and keep watching everyone.

Wealthcam

As we can see NIFTY has been falling since last 2 days now as we expected exactly from our supply zone! We should stand by our analysis as unless and until it sustains itself above 24000 psychological level, every rise could be sold so plan your trades accordingly and keep watching.