Niftyoutlook
Tomorrow might be a dropping expiry.Fibonacci Retrace tool is like a wonder in Century, I began to notice nowadays. So the Quadrants explained in the picture tells that the little but some bullish energies that have been lying near nifty option chain and FUTs, its because FIIs have lost most of their holdings in their sell outs and DIIs have to balance of their Balance Sheet before THE REAL EXPIRY OF FINANCIAL ACCOUNTS. But none the less GLOBAL powers are going in a SEESAW, Indices open higher due each other's end resulting cycle chain and mostly due to Dow Futures, then the Indices are hedged in shorting them because a lot of volume can be seen in Equity Shares. The weightage stocks take the Index Higher at that moment Hedge Funds short it and thats whats happening. So 31st March will be the day when this volume in equity will ran off and Indexes wouldn't fluctuate momentum like they have been. Lets hope today Dow returns negative because I have 10 lots of 17000 PE 6 April Expiry. :0
Until there is clarity there is chance of trend reversals.U.S. markets had started to recapitalise with strong volumes and Federal Reserve had yet again thrown the markets into dungeons, sentiments for far ended future is dark but calmness in Traders mind is soothing who do not indulge into straightforward long calls, and have fun with PUTS. Theme of Global Securities and ETFs is increasing at higher ends but Equities have shown bad faith to the Investors at large. Soon there will come another retracing peak and everybody will start to think the Downtrend ends here and Uptrend begins, it could be because it is much required and estimated now, not even now then when? But technical analysis is giving vibes of Shorting the NSE indices each and everyday, but fundamentally speaking going long is always the choice we all like and end up thinking more about it and then ultimately doing the human error. Bots are vitalised well enough to trade in any environment but are they configured to see an end of a trend and signal it to us? No only TA can do that.
Trading plan for 24th March 2023Nifty future and banknifty future analysis and intraday plan in kannada.
This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post.
please consult your financial advisor before taking any action.
----Vinaykumar hiremath, CMT
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.
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"
NIFTY : Levels for 15th MarNIFTY level marked on Chart. its already break daily support and we can see bears are in power since two days
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"
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
Morning Mantra - 8th March 2023Dear All,
The last 2 trading days were indeed amazing for the bulls , as we had got to observe a beautiful bounce back of approx 500 points from our stated support level of 17300.
Moreover, as we have witnessed in the last couple of weeks, the level of 17800 has emerged as a magical level for Nifty , which has simultaneously worked strongly as a Support and Resistance.
Furthermore, on Monday itself we had clearly mentioned about 17800 as a level of resistance for the Index and the same was accepted by the Market itself , as it made a high of 17799.95 , followed by a major supply from the stated level.
So for now, let's keep our fingers crossed for a positive breakout of 17800 level , for 18170 and 18400.
Until then, continue being stock specific and keep following the Cherry Picking strategy .
Regards ,
Alok Daiya
SEBI Registered Research Analyst
Morning Mantra - 10th March 2023Dear All,
Our stated level of 17800 had once again shown its magic as a level of Resistance , as it made a high of 17772.35, yesterday . Wherein, not being able to crossover, we had observed a major supply in Nifty therefrom.
Well currently, as per the day chart , we are expecting a minor bounce back in Nifty for today. So, it will be better to consider Today as a no trade day and to wait and watch for some clear indication from the market, since today is the last trading day of this week.
Furthermore, we are still with our words, that due to this consolidation in Nifty, now the levels of are 17800-18170-18400 . While on the lower side, below 17300 we can expect 16800 .
So, as of now, continue being stock specific and keep following the cherry picking strategy.
Regards ,
Alok Daiya
SEBI Registered Research Analyst