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
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.
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...
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.
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.
As we can see NIFTY has started showing signs of rejection around the supply zone which we marked around 23800 levels and hence we can stand by our analysis as unless it sustains above 23800 levels every rise can be shorted so plan your trades accordingly and keep watching.
As we can see NIFTY broke out of the structure with strong closing but 23400 seems very eminent which can act as a strong resistance hence we will hold our longs only if it sustains above 23400 levels so plan your trades accordingly.
Following the structure we can see NIFTY is heading towards 23000 levels which is both a psychological level and an important trendline resistance hence we should wait for candle to close above 23000 levels for confirmation of further uptrend else we can see strong rejection from the given levels so plan your trades accordingly and keep watching.
As we can see NIFTY finally showed its strength after testing our patience as discussed in our previous analysis that it formed bullish flag-pole pattern. Now following the structure we can see more room for upmove in NIFTY reaching its trendline resistance but based on global cues we can expect a weaker opening can be followed by strong closing so plan your...
As we can see NIFTY can be seen in more like flag-pole pattern which shows bullish continuation structure and trading around resistance which previously acted as support making it weaker hence any closing above the pattern can show 23000++ in no time so plan your trades accordingly and keep watching.
As we can see NIFTY had been in downtrend taking resistance at the previously acting SUPPORT. Now following the candles we can see the RESISTANCE has been tested which has made it weaker hence any closing above 22600 can change the overall trend and can show 23500 in coming trading sessions so plan your trades accordingly and keep watching
As we can see despite strong opening NIFTY fell resisting from the trendline resistance and we shall stand by our analysis of selling the rise till NIFTY breaches 21670 levels and closes above for change of structure of market so plan your trades accordingly and keep watching .
As we can see NIFTY has recovered considerably despite the weak opening and weak global cues which could be due the factored fall which has already taken place in NIFTY. Hence any weakness is not impacting NIFTY any further. Now we will stick to our plan and sell the rise as it can still be seen trading around resistance which previously acted as a SUPPORT hence...
As we can see NIFTY got rejected exactly from the level we expected with proper reasoning of previously acting SUPPORT which now acted as a RESISTANCE! Now we may see NIFTY making new low finding new demand zones around 21800-21600-21400-21000 levels respectively hence keep shorting unless NIFTY closes above the given stricture so plan your trades accordingly and...
As we can see NIFTY is trading at important supply zone which previously acted as a support but has been broken down. Hence unless 22600 is broken above, every rise can be shorted keeping SL above 22600 on closing basis so plan your trades accordingly and keep watching
As we can see NIFTY is now trading at important resistance which previously acted as a Support. Hence as long as we are below the structure, every rise can be sold but if it closes above the structure then we may see another 5-10 percent upmove in coming trading sessions so plan your trades accordingly.
As we can see NIFTY rallied over 1.5 percent despite hitting our demand zone which could be a temporary rally till 22500-22600 level which acted as a strong support, but now can act as a STRONG resistance hence as long as we can below 22600, 22600’s high can be sold for following demand zones so plan your trades accordingly.
As we can see NIFTY despite its weakness recovered strongly but hasn’t reached our demand zone yet hence this recovery could be temporary. Hence as long as Strong demand zone is not achieved and signs of reversal is not seen no change in trend can be expected so plan your trades accordingly and keep watching