Pin Point Predictions Of Nifty For 24-3-23Hello Traders,
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Niftylevels
NIFTY Monthly Divergence Indicates Bearishness for Months !!This is not to scare anyone ! But I have rarely seen any divergence on Monthly NIFTY50 chart. A monthly divergence indicates bearishness that might last for several months. Good thing is that, divergence has about 30% failures, and bad thing there is about 70% chances of happening this. My initial target would be about 15500 and further direction may be decided based on price action there.
Whats Happening on the weeklies:
Good thing is that, the early weekly candle appears it is getting rejected from previous weekly low of July 21. However, almost four trading sessions to go!!! Breaking these level would be more downwards. However, some pull back from this level is possible. The hourly chart below is also showing some bullish divergence, indicating some reversal from here. But God Knows how long that will hold.
Nifty Poised Nicely in the critical Week.Very Important week for Nifty and other global indices as Us Federal Reserve meets tomorrow. Global Market are looking for some respite, pause in rate hike or loosing of the hawkish stance and Global Baking systems are feeling the heat of unprecedented 500bps hike by US Fed in las one year. Positive news on this aspect will be greeted by global markets and we could see an all-round relief rally after the banking catastrophe that we saw around Silicon Valley Bank and Credit Suisse issue. Indian banks and Growth process undoubtable is on a robust path but we can’t alienate ourselves from what is happening around the world. Some analysts believe that in the long run India stands to achieve more from multiple emerging scenarios in the long run. Short term support and resistances for Nifty are at:
Nifty Resistances: 17144, 17225 and 17546.
Nifty Supports: 17061, 16828 and 16723.
Reversal possible,Index showing indications of reversal. if index manages to stay above 17100 then there is a possibility of upside bounce of 17400 level.
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Nifty in a Inverted HnSDear Traders,
Nifty has formed an inverted HnS in daily TF so expecting some bounce till we are trading above friday high.
Pin Point Predictions Of Nifty For 20-3-2Hello Traders,
The chart marking shows the price action which would help in your trading to make right decision at right time. For more Details check below.
Classical Japanese Candle Pattern.As evidenced An Evening Star Formation has been witnessed before in Nifty Sweety everytime a Doji in Short Recovery fundamentals have occurred. I stay strong on my position 16800 PE for this expiry can last till 16500 PE.
nifty50 spot view in dcbNSE:NIFTY presently trading at around major support zone and as well as 50% fibonacci retracement zone, hence we may see a reversal move from hereon.
Disclaimer - This chart analysis is only for educational purpose. Do proper research before trade/investment or consult with your financial advisor. This expressed opinion/view/analysis isn't a trade/investment advice/recommendation. SEBI unregistered independent trader/analyst.
NIFTY : Levels for 16th Mar
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
Some pullback possible Index is forming a falling wedge near support in nifty so if there is breakout then possibly we can see some pullback in index. be careful short sellers
Morning Mantra - 15th March 2023Dear All,
We are just seeing the effect of the breakdown level of 17300. Wherein, it seems that Nifty is on its journey towards 16800.
On Monday, we had seen Nifty taking a support at 17180 . However, unfortunately the stated level of support was violated in yesterday’s market.
So, as of now, we will have to wait and watch for Nifty to either make a breakout of 17180 level , or to take a major support at around 16800 .
Till then be stock specific and be cautious.
Regards,
Alok Daiya
SEBI Registered Research Analyst
NIFTY : Levels for 14th MarNIFTY broken major support yesterday and after that we seen bears are active full day. As mention earlier it may touch weekly support as already break daily support. Keep eye on it.
Levels are marked on chart for intraday. Follow price action and become Price action chart Specialist.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
I may be 100% wrong as its my personal trade.
First Learn and then remove "L"
NIFTY : Support zoneNIFTY is near support zone. now 17300 is very much important for Bull to support. it may be less chances but lets see everything is depend of battle fight between bull & bear.
Follow Price action purely and decide your entry.
Like, Share, Comment for regular updates.
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
First Learn and then remove "L"
Morning Mantra - 13th March 2023Dear All,
Finally, once again Nifty took a beautiful support at the level of 17300 on Friday. Also the Index made a beautiful bullish reversal pattern , called hammer on the daily chart.
Well in our weekly analysis , we are quite optimistic for the market as of now. However, in case Nifty breaks the level of 17300 on closing basis for panic creation , then 17180 will work as a speed breaker in between 17300 and 16800 level.
So, keep patience and be stock specific.
Furthermore, as of now, 17800 will once again work as a strong resistance for the market.
Regards ,
Alok Daiya
SEBI Registered Research Analyst
Pin Point Predictions Of Nifty For 13-3-23Hello Traders,
The marking Predictions are done to make your trading understanding easy . For more details can see below. Every part of trading aspect is explained in details.
