Nifty Stance Bearish ️⬇️ The report we sent out last week had a full bearish stance, but this week we have reduced the intensity of the bearishness. The new stance is upgraded from bearish to slightly bearish. The rationale is that the momentum needs to really build up for further downfall. 23854 is the magic…
Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain the bullish stance with the first target of 19446 and then 19576. If we are going down, the first level to watch will be 19310.” 19446 level never came into the picture today, but 19310 looked quite vulnerable to a breach today. The open…
Nifty Weekly Expiry Analysis Between the last expiry and today, Nifty has accumulated 299pts ~ 1.59% points. Most importantly it has broken away from the crucial support of 18880. As it stands Nifty is below the resistance of 19310 — but with the momentum it has gathered, seems like it will get tested this weekly series. Nifty…
Nifty Analysis We are beginning a new weekly, monthly and quarterly (Q3 2023–24) series today. Yesterday’s close = 19523. Recap from yesterday: “On the 1hr TF, Nifty is still looking weak. The next target should be 19446 followed by 19310 if are continuing the downward move. In case we reverse and move up, the first…
The chapters below are the analysis of each day’s price movement. It is highly technical in nature and my reports are based on the charts. Usually, I start with the 5mts candle and call out any anomaly or unusual patterns. Then I take up the 1hr chart to see if it fits into the broader…
I was not able to participate for any trading activity for these 3 days — 31 May to 02 Jun. The fever really held me down ! Let me try to assess what went through by looking at the charts. The analysis accuracy may be much lower than regular days where I see first-hand every price action. 31…
