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SBI Daily Chart - Evening Star Pattern with high selling volumesDear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Evening Star Pattern near 52 W high- Reversal Pattern. Shall we expect profit booking after decent rally in SBI?
NSE:SBIN
by manishmgupta
Nifty Levels for 08/Aug/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 NIfty Closed flat in slight green. Max OI on call side is at 18000 and on put side at 17000 for 11/Aug expiry. PCR is in bearish zone. Nasdaq closed in Red. Is dip in Nifty going to be buying opportunity or long term investor should wait for better opportunities?
NSE:NIFTY
by manishmgupta
Nifty Next Week: Market Outlook 8th to 12 August 2022Market Outlook 8th to 12 August 2022. As Nifty hourly chart continues to move in the channel which started around 13th June 2022. Recently it hit the channel top and faced resistance 17490 and faced channel top resistance since. 17161 payed as a major support during the news surrounding China-Taiwan crisis and should be looked at as a pivotal support for now. Other major Supports and resistance for NIFTY for the next week that is 8th to 12 August 2022 will be: NIFTY Supports: 17345, 17161, 17023 and finally the range between 16535 to 16735. Nifty Resistances: 17414, 17489, 17576 and finally Channel top resistance which can be anywhere between 17576 to 17691.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Future Level of 21000. Is it feasible for growing economy?Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Interesting Nifty future Level by FY2023-24: 21000 More than 20% conservative returns within 2 years. Is it feasible for growing emerging Indian economy looking at Indian GDP amid global issues? Please do share your ideas. Thanks
NSE:NIFTY1!
by manishmgupta
2
Nifty Index (SPOT) Levels for 05/08/2022 Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty is looking weak ahead of RBI's meeting in India. Heavy call writing is done today for 11/Aug next week expiry. Put side: Long buildup with hedge for next week expiry. Overall derivative data turned from bullish to bearish within a day. Buying volumes are low. Pull backs were immediately sold today. Bears are trying hard to take over the control back. Shall we look for sell on rise strategy for tomorrow? RBI's policy and USA expiry data will be very important for tomorrow's direction.
NSE:NIFTY
by manishmgupta
Nifty levels for 04/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Is Nifty in hurry to touch long term resistance zone? Or Will global issues trap Bulls?
NSE:NIFTY
by manishmgupta
Nifty 50 Index levels for 03/08/2022Dear traders, I have identified chart levels based on my analysis, major support and resistance levels. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT. OVERALL, WE SHOULD CONTINUE TO LEARN & BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Selling was intense in last 30 minutes. Consolidation is going on. India VIX has jumped up more than 11% in last two days. We need to be careful at higher levels and utilize profit booking opportunities whenever possible.
NSE:NIFTY
by manishmgupta
Nifty Levels for 02/08/2022Dear traders, I have identified Nifty level based on my analysis, major support and resistance level. Please note that I am not a SEBI registered member. Information shared for educational purpose. Please do take trade based on your own analysis and risk-taking abilities. Never ever worked with fixed mindset. Any news/result data may change the direction of the trend instantly. Focus on learning so you can take correct/better decision based on your analytical skills. PLEASE NOTE THAT NO ONE CAN BE 100% CORRECT EXCEPT GOD. OVERALL, WE SHOULD BE ABLE TO CLOSE IN PROFIT EVEN IF WE ARE 50% CORRECT WITH RISK REWARD RATIO 1:2 Nifty is quickly approaching long term resistance zone . Nifty PCR already entered in Highly Over Bought Zone. Today India VIX jumped up by 5.65%. Max OI on call side is at 17500. Max OI on put side is at 16500. Is it a good time to book profit and wait for buy on dips opportunities ? Please review and respond with your views. Many thanks.
NSE:NIFTY
by manishmgupta
NIFTY FAST APPROACHING RESISTANCE ZONEAs Nifty continues to exhilarate powered by fresh FII buying the bull rally after making a bottom near 15182 is thriving and going full throttle. There is no sign of weakness as of now but Nifty might be approaching a place which even the bulls will find difficult to clear very easily. It is not impossible but very difficult. Anything can happen if FII money comes back in full flow. Support, light and heavy resistances for NIFTY are as under: Light Resistance Zone : 17375 to 17649. Heavy Resistance Zone : 17649 to 17911. Support Zone : 16747 to 16447.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty Outlook 1st to 5th July 2022. Can the rally continue?Will the rally continue or fizzle out? Is the big question. After a fantastic week where we saw Nifty end at 17158.25 after taking support from 200 days EMA we are set for another week where Nifty where Nifty is in the position to move forward if it can clear few resistances that are up and ahead. The support levels for Nifty on the down side are 17028, 16947, 16747 and finally 16535. Below 16535 which looks unlikely for now Nifty can go to the levels of 16430 or 16304. The resistances Nifty has on the way up are: 17213, 17333 and 17431. Above 17431 major hurdles will be 17649 and 17798. These 2 levels (17649 and 17798) can be crossed if and only if there is a massive participation from FIIs, DIIs and Retail investors.
NSE:NIFTYLong
by Happy_Candles_Investment
Can we close above 17000 tomorrow?The stage looks set for NIFTY to gain 17K once again. If that happens lot of investors will be happy and market confidence will only keep increasing from here. Before we reach there there is very important resistance this resistance is exactly at the point which NIFTY was not able to cross today that is 16948-16960. Crossing this resistance zone will unleash more strength and Take NIFTY to next resistance zones of 17099, 17331 and 17475. Above 17475 there will be one of the strongest resistance zones of last six months that is 17681 to 17798. Support zones for Nifty in case it is not able to cross the week and close above 16948-16960 will be 16747, 16674 and finally 200 days EMA of 16529. Below 16529 the supports are 16430 and 16269. Below 16269 NIFTY can again go back in the tight grip of bears.
NSE:NIFTYLong
by Happy_Candles_Investment
Nifty at critical Technical Juncture - Make or Break Monday.Nifty is just below Fibonacci resistance of 16807. Today's high of 16752 to 16807 will be a very difficult zone to cross unless there is gap up opening or strong momentum that takes the NIFTY through the resistance zone. Closing above 16807 will take Nifty to the next FIB level of 17215. In the medium term if the momentum continues and Nifty is able to cross 17215 big momentum breaker can be the zone between 17662 to 17813. If Nifty fails to clear the technical resistance zone of 16752 to 16807 the supports on the lower side will be at 16609, 16523, 16481 and finally 16409. Below 16409 Nifty can go to 16199 and 15929 levels.
NSE:NIFTYLong
by Happy_Candles_Investment