US market with Gift Nifty signals positive opening with Upside target of 22600-22675 Fibonacci + resistance zone
Nifty at 0.618 Fibonacci level Candle = DOJI Down Target = 22100-22050
Bank nifty Spot at 0.618 level at strong resistance zone Down Target = 47300-47200
Rounded Bottom or Cup & handle Bullish pattern formation Higher High Higher Low swings RSI > 60 Target 1 = 38750 Target 2 = 39050
As per four parameters Trend = US future -Dollar index-Crude-VIX . Market is likely to open UP today. and with further Upside rally. Gold & Silver are also down today signaling uncertainty fear is getting lower.
US FUT = Down GIFTY Nifty = Down OIL = Up Silver = Up Gold - Up Volatility = Up
Breakout with Strong Green Candle Rising slope of 60 degree "3" Upside Targets with Lines and Price levels. Stop Loss is low of Green Candle
At Upper Bollinger band daily chart Candles are getting weak showing buyers are loosing momentum as per Pivot Monthly downward Target is 48000-47900 thereafter window for 47000 is open
Strong Uptrend Fib Extension 1.1618 Target 2564 In coming Weeks
Uptrend at Golden ratio 0.5 to 0.618 Trendline and resistance zone matching with 0.1618 level Waiting for reversal pattern at $84.5 - $85.5
Strong Uptrend With rising wedge Pivot Point Yearly Gives Direction of 49000+ in April-May 2024
Strong Uptrend Rising Wedge Up trendline= Target Zone Price = 50000-50500 Time = June 2024 Election & leap Year Will Bring volatility Once Target is Reached.
Current setup $81.85 in WTI Crude Oil IS Bullish. Target = $84-$84.5 Support = $80.20 Ascending triangle with Bullish slope HH-HL Green Candle RSI = Bullish
Banknifty setup for next week with target 1 & 2 and condition mentioned
strong Buy at trendline First Support zone $24.05 Second strong Support at $23.5
ETF performances since 2023 . Low Risk and high returns Instruments. At current stage ETF to watch & Invest is IT & Bank.
Daily Chart of Nifty Spot is showing strong Downtrend with Targets Mentioned in The chart. Options writers Must Careful . More Turbulence Expected
Chart Speaks : Bearish Engulfing Red Candle with High Volume Downward Target as per Trendline and FIB Retracement = 800 & 765