thirdeyecs

thirdeyecs

Here’s my detailed analysis and outlook for Nifty based on daily and weekly charts: Daily Chart Insights Trend: Nifty is in a clear downtrend with lower highs and lows since breaking 24,000. Currently consolidating near 23,500, which acts as a critical support zone. Volume Profile: High selling volume on down days shows persistent institutional...

thirdeyecs

Hi Guys, Here’s the breakdown of my Nifty analysis for today: Resistance Levels: 23,800: Immediate resistance. 23,880: Strong selling zone; breakout could lead to 24,050. Support Levels: 23,600: Key support with high Put OI. 23,500: Psychological level; a breakdown could take us to 23,400. My Trade Plan: Buy Above 23,810: Target 1: 23,880 Target...

thirdeyecs

Sensex Expiry Analysis – 7th January 2025 Market Sentiment: Overall Bias: Slightly bearish with range-bound possibilities unless a breakout/breakdown occurs. Key Levels: Resistance Levels: 78,000 (Immediate), 78,400 (Major). Support Levels: 77,400 (Immediate), 77,200 (Critical). Rationale for the Trade Setups: Intraday Sell Setup: A breakdown below...

thirdeyecs

Market Bias for 07/01/2025: The market remains bearish as long as the price stays below 23,700. However, potential opportunities for both bullish pullbacks and bearish continuations exist based on key levels and conditions. Key Levels to Watch Immediate Resistance (Supply Zone): 23,700 - 23,743: Fair Value Gap (FVG) and liquidity rejection zone. If this...

thirdeyecs

In this post, I’m sharing my detailed analysis of Nifty 50’s recent price action, focusing on intraday and swing trades. This setup incorporates technical patterns, volume confirmation, and Smart Money Concepts (SMC) to identify high-probability trade opportunities. Key Observations Bearish Momentum Across Timeframes: Both daily and intraday charts show...

thirdeyecs

Head and Shoulders Pattern: Bank Nifty 06/01/2025 Levels :: Left Shoulder High (LS): 51,300 Head High: 51,700 Right Shoulder High (RS): 51,300 Neckline Level: 51,050 Step-by-Step Breakdown of the Trade Pattern Formation: The Bank Nifty chart showed a clear Head and Shoulders pattern: The left shoulder peaked at 51,300 before retracing to the...