You are not going to believe when Nifty actually plays out like this. Today as we approach election results, this is how I see nifty unfolding for next 2 months. Long Play Nifty CMP - 22547.95 Target 23047 SL 22416 Short Play Entry - 23047.50 SL 23080 Target 21850 Long Play Entry 21826 SL 21820.90 Target New All time high. My over all target on higher...
Nifty 50 coming down side, because Trendline breakout is the one of the Confirmation and also did not closing above the Channel Pattern. I want to help people to Make Profit all over the World. Refer this link :
BUY ABOVE - 22500 SL - 22420 TARGETS - 22550,22600,22650 SELL BELOW - 22420 SL - 22500 TARGETS - 22350,22300,22230 NO TRADE ZONE - 22500 to 22550 Previous Day High - 22700 Previous Day Low - 22420 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Here is an interesting chart of NIFTY in 15 min time frame. I am currently in a nice profitable SHORT position. However, markets are very unpredictable around the election results, so I may lose all profits thats currently unrealized. I am willing to take that risk after coming from a 1300+ points BankNifty points gain and 600+ nifty points gain. Let's see the...
Also there is a formation Bearish RSI Divergence daily chart. On 15 January index reached a high of 22115 and the RSI value was at 74 today index reached a new high of 23043 but the RSI was at 67 this is a clear formation of RSI divergence.
Loving the momentum in the market these days. Only if you know how to catch the big moves. I believe bigger moves are coming from Monday onwards. Within NIFTY and BankNifty, I feel BankNifty trades will make the bigger money. Are you prepared? Whats your strategy for the recent volatility? Share your thoughts.
Nifty traded in the daily fair value gap and taking resistance at the mid of the long term upward channel yesterday. There are 2 scenarios that could play out. The unlikely of the 2 is it breaks the resistance trend line and move up towards the top of the channel. The second more likely scenario is that it could test the bottom of the fair value gap OR even come...
BUY ABOVE - 22760 SL - 22700 TARGETS - 22800,22850,22900 SELL BELOW - 22700 SL - 22760 TARGETS - 22640,22590,22550 NO TRADE ZONE - 22700 to 22760 Previous Day High - 22850 Previous Day Low - 22700 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
After a massive week of 660+ points gain, NIFTY has given a SHORT opportunity yesterday. Days of volatility, guys! BIG money. Everybody is talking about the co-relation of election results. And why not, market being driven by fundamentals in full power and josh. A big move is still pending, I dont know if thats gonna happen on Monday 3rd June, 4th June or 5th...
After making a new high there has been relentless bout of Profit booking seen in Nifty. Volatility index probably peaked at 26.145 on Monday. It has come down a bit today to 24.175 but still it is in not relenting. Many stocks and indices seem to be hitting the oversold zone but still there might be little more pain in store for the investors this week. Probable...
Nifty 50 reached again "CHANNEL" Top. Wait for Breakout to confirm which direction. If Breakout above the Channel Top, it will become Very Bullish. Otherwise, it may come down. I want to help people Make Profit all over the World. Additionally, I am eager to Receive Money form Worldwide because of my Potential. Refer this image :
BUY ABOVE - 22950 SL - 22900 TARGETS - 23000,23100,23180 SELL BELOW - 22850 SL - 22900 TARGETS - 22780,22710,22640 NO TRADE ZONE - 22850 to 22950 Previous Day High - 23000 Previous Day Low - 22850 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty is stuck in a range between 23100 and 22870. Though the higher time frame fair value gaps suggest a bullish price action, the news based uncertainty tells us to trade with caution. Wait for a break out on wither side. In this rage trade only if you are able to read the fine but violent moves.
Understanding the Bullish Momentum in S&P CNX NIFTY: A Detailed Analysis The S&P CNX NIFTY, a crucial benchmark index in the Indian stock market, is currently exhibiting significant bullish momentum. With its spot price hovering around 22,957.1, close to the pivotal 23,000 strike price, there’s a clear indication of robust market activity and investor confidence....
Nifty hit the channel top today and immediately receded as there is not much space left of it to grow. Either it has to break the parallel channel and go above it or it has to fall to cool down the RSI and then come and fight to make a new high. It is obvious that as we hit levels above 23K there will be bout or bouts of profit booking too. With election results...
BUY ABOVE - 22960 SL - 22910 TARGETS - 23020,23100,23180 SELL BELOW - 22910 SL - 22960 TARGETS - 22850,22780,22780 NO TRADE ZONE - 22910 to 22960 Previous Day High - 23100 Previous Day Low - 22910 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty is opening above ATH , not supported by global cues. Where are we headed. No idea. We will have to wait and watch for what the informed houses are doing with the privileged information about exit polls they might have. No price action or technical analysis here.