Nifty will be gap up opening in today's session. After opening nifty sustain above 22230 level and then possible upside rally up to 22350 level in today's session. in case nifty trades below 22180 level then the downside target can go up to the 22060 level.
Things still look good but indecisiveness can creep in as Nifty closes the day below ATH Resistance of 22126. Though Nifty stayed strong all day but closing was little disappointing. Also the Doji candle indicates that Bulls were today not 100% confident in closing at new ATH after making one. The supports for Nifty will be at 21999, 21828 and 21671. Resistance...
Nifty Medium Term Outlook: Nifty saw a good closing on Friday as it closed comfortably above 22K at 22040. The closing today has opened the channel going towards new All Time High (ATH) and perhaps go further up as well. The previous ATH that is 22126. The top of the channel seems to be near 23369 but Nifty will take a lot of time to reach there and lot of local...
Nifty will be gap up opening in today's session. After opening nifty sustain above 21860 level and then possible upside rally up to 21980 level in today's session. in case nifty trades below 21830 level then the downside target can go up to the 21710 level.
Today we saw a major fightback by bulls and closing above 2 major resistances which were 50 and 200 Hours EMA after a super negative start(Gap down due to unfavorable US Inflation data). The closing however is just below a resistance of 21872. A positive closing again tomorrow will give more power to the bulls. Shadow of the candles today is positive. Nifty...
Nifty made a decent recovery effort on the back of short covering in some of the oversold Nifty stocks but again 50 Hours EMA Mother line proved to be too powerful resistance and stopped the dash of Nifty which was aiming to go further. Also there is a trend line created resistance which might hinder the growth of Nifty Further. It looks like Nifty might squeeze...
Nifty will be gap up opening in today's session. After opening nifty sustain above 21630 level and then possible upside rally up to 21750 level in today's session. in case nifty trades below 21580 level then the downside target can go up to the 21460 level.
Strong Sell off continued in Nifty with major sectors like PSU and Private Banks, Public Sector companies, Small and Mid-Cap seeing no respite in mass sell off. In one way the sell off will cool down the RSI. Lot of these companies are seeing a cuts like hot knife cuts through butter slab. Amongst the fallen the companies which have given good results or seemingly...
Nifty found rejection again from the same resistance zone described in Yesterday's idea linked to this message. Nifty Now rests near important support zone consisting of a trendline support, mid channel support and 200 hours EMA support the father line. All these are in the range between 21669 and 21600. Closing below 21600 has potential to awake the bears and...
NIFTY 50 Index Key highlights: 💡⚡ 📈 On 15 Min Time Frame Nifty Index Showing Reversal of Symmetrical Triangle Pattern. 📈 It can give movement upto the Reversal Final target of Below 21910-. 📈 There have chances of breakdown of Support level too. 📈 After breakdown of Support level this nifty index can gives strong downside rally upto below 21610-. 📈 Can Go short...
As described yesterday again the same resistance zone between 21964 and 22063 traps Nifty and pushes it back. Trendline is giving Nifty support and not allowing to fall drastically. The same resistance trapping the candles again and again does not help the rally and makes it weak. Thus the shadow of Nifty is negative. Resistance and Supports for Nifty are as...
Nifty will be gap up opening in today's session. After opening nifty sustain above 21970 level and then possible upside rally up to 22090 level in today's session. in case nifty trades below 21920 level then the downside target can go up to the 21800 level.
NIFTY 50 INDEX Key highlights: 💡⚡ 📈 On 15 MIN Time Frame Stock Showing Reversal of Falling Wedge Pattern. 📈 It can give movement upto the Reversal Final target of Above 21884+. 📈 There have chances of breakout of Resistance level too. 📈 After breakout of Resistance level this stock can gives strong upside rally upto Above 22140+. 📈 Can Go Long in this stock by...
Nifty will be gap up opening in today's session. After opening nifty sustain above 21730 level and then possible upside rally up to 21850 level in today's session. in case nifty trades below 21690 level then the downside target can go up to the 21570 level.
Nifty will be gap down opening in today's session. After opening nifty start trading below 21500 level and then possible downside rally up to 21380 in today's session. in case nifty trades above 21550 level then the upside target can go up to the 21670 level.
Nifty will be gap up opening in today's session. After opening nifty sustain above 21400 level and then possible upside rally up to 21520 level in today's session. in case nifty trades below 21340 level then the downside target can go up to the 21220 level.
Nifty again finds itself trapped between strong resistance zone which present between 22415 and 22488. Above 22488 Nifty can fly towards 21522, 21660 or even 21743 within this week. But crossing the 50 and 200 hours EMA at 22415 and 22448 (Mother and Father line will not be easy). On the lower side there is a strong support zone between 21258 to 21152. Below 21152...
50 hours EMA (Mother line)(Those who know my Mother/Father/Small Child story can understand it very well) was a very important resistance to be crossed and held today but Nifty could not hold on to it after crossing it once. In addition to the 50 EMA there was also Mid-Channel resistance. which could not be crossed. Additionally there is a trend line resistnace,...