Nifty Analysis Recap from yesterday: “Since its a holiday tomorrow, the view for Wednesday could be a bit complicated. Ideally, I wish to maintain the neutral stance as nothing has changed but how SPX behaves today and tomorrow also has to be considered.” It indeed became pretty complicated today, we directly jumped from below the…
Nifty Analysis Recap from yesterday: ”For monday, I wish to continue with the neutral stance — but a slight bias to the bullish side after seeing today’s momentum. The first level to watch will be 19562 on the upside and 19310 downside.” On the 5mts TF, I have encircled 3 regions. The close on Friday. The Diwali…
Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain my neutral stance but wish to go short if 19310 gets broken. Somehow I feel the chances of a fall have a higher probability than a rise. If we are breaking 19446 tomorrow, then I would like to wait till 19562 gets broken to…
Nifty Weekly Analysis Between the last expiry and today, Nifty has risen 260pts ~ 1.36% and has crossed 2 important resistance levels. The bullish momentum has stalled a little bit from 6th of Nov. If further trades happen toward the downside, then the current level will act as a lower high. Nifty Today Analysis Recap…
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 Analysis Recap from yesterday: “On the 1hr TF, Nifty has made an odd-looking W pattern, technically its a bullish sign but we need confirmation of the same by taking out the 19310 resistance soon.” A look at the chart will make you a believer in technical analysis. We required a gap-up to go past…
Nifty Analysis Recap from yesterday: “Even though we added 93pts today, I have still not changed my stance to bullish. 19226 is my first level to watch out which coincides with the 38.2% retracement level of the recent fall. Then the most important zone of 19310. Ideally, I wish to go long only if the…
Nifty Analysis Recap from yesterday: “A simple Fibonacci level places the 23.6% retracement level at 19083 and 38.2% at 19227. Ideally, the bearish trend could still be intact until 19227 but the problem is that we cannot predict with certainty if that would come in this weekly series or not. For Monday, I wish to…
Nifty Analysis Recap from yesterday: “For tomorrow, I wish to maintain my bearish stance and expect Nifty to trade between 18880 and 18762. If we break 18762, my next target would be 18597.” Nifty took a breather today, opened gap up around the 18930 area and rose steadily. We did not retouch or break the…
Nifty Analysis Recap from yesterday: “Since we are back at the 19310 levels, my point is — the next fall may be as deep as 18880 i.e 430pts ~ 2%. Nifty has no experience trading between these 2 zones earlier, so the supports should be equally powerless. I can mark the top of the candles as support…
