FII, DII and Retail investors are all awaiting Exit Polls and Actual results of election to follow thereafter. We have already discussed the best and the worst case scenarios. The candle formed today is Doji exhibiting indecisiveness. The support at which Nifty is standing is Mid channel. The other support which has been taken is 50 days EMA. Right now everything...
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 :
Nifty has entered Important support zone. This zone extends from 22495 to 22386. Today's low of 22417 is also a very important level below which we will have only the support level of 22386 which is the 50 days EMA. Below 22386 bears will try their best to drag the Index to the levels of 21712 or even 21208. (This looks improbable as of now but you never know)....
Based on the daily chart for the Nifty 50 Index (NSE: NIFTY), here is the summary and analysis: Key Levels: - Current Price: 22,488.65 - 50% Retracement Level: 22,458.10 - 61.8% Retracement Level: 22,324.60 - Target Price: 23,600 Chart Analysis: 1. Upward Trend: The chart shows an overall upward trend, with the index making higher highs and higher lows. 2....
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...
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...
• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL. (We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.) Now CDSL: • In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of...
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 seeing a consolidation and Profit booking phase after making a new All Time high. There was a massive pressure seen across indices. This phase and volatility which we have seen off late can continue for a while till election results are declared and a little bit post results too. FMCG and Pharma were the only 2 indices which withstood the selling pressure...
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...
I have identified and Analyzed a "Triangle Pattern" on 19-01-2021, at that Time the Price was 45 rupees. Now SUCESSFULLY Breakout Triangle Pattern and Reach the Triangle Target. Overall PROFIT 330 % within 3 years. So the Pattern is most Crucial in stock market. I want to help people Make Profit all over the World throughout my entire life. Additionally, I am...
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Last phases of election are going on the result will be declared on 4th June the talk of the town is what will happen to Nifty if election is won by someone who is expected to win the general elections in India and what will happen if the results are unexpected. We can not predict elections and we can not predict how the Nifty will behave but certainly the charts...
Major ATH All Time high Breakout for Nifty today however Nifty could not cross the much coveted level of 23K. Can Nifty do to it tomorrow? has it got the steam? RSI is high indicating that Nifty is getting overbought and valuations of a lot of stocks are very pricey. However there might still be opportunity left in a few Large cap stock specially IT, Banking and...
Two weeks back when we had a look at the NIFTY, the index was moving down after making a double top like formation, it was approaching a good support zone around 21710-21840. It did take support from this zone, reversed and started moving up. Then we had a Bullish “W” like pattern. Now it has taken out the previous rejection zone at 22795-22550. Today we saw a...
It looks like Nifty can create a U formation if the resistances at 22632 is cleared and we get a proper closing above it. However for perfect U-formation the Nifty will have to cross other resistances at 22693, 22734, 22768 and finally 22794. In case we do not get a closing above 22632 and Nifty returns the supports for Nifty will be at 22536, 22484 and 22445....
BUY ABOVE - 22640 SL - 22590 TARGETS - 22710,22780,22830 SELL BELOW - 22550 SL - 22590 TARGETS - 22500,22440,22350 NO TRADE ZONE - 22550 to 22640 Previous Day High - 22640 Previous Day Low - 22500 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...