CodeViser

CodeViser

#banknifty has given a "V" shaped recovery on Friday's trading session and closed positively on the last week. The main question is, "Does the move continue, or will it go back into a range?" As per the chart, the current market structure is favourable, supported by global cues. 15 Minute TF to find the best opportunity in intraday on January 16 In Friday's...

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Good Morning Friends, We have seen very volatile days in the last week. We have seen a huge gap up on Friday's session, but the index has failed to positive bias because of the profit booking on the top level. You guys need to understand the market cycle and the market structure and always consider seeing the big picture to understand it. Indian Market is not...

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The pressure on the fed is high after another red-hot inflation report dimmed hopes for a downshift by year’s end. The interest rate would rise by 75 basis points in the next month. Dow and SP500 were trading at their 52-week low, but we did not see a significant correction in Nifty50. The Index has given only a 20% correction in this declining phase. The market...

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Nifty 50 Index continued its winning streak for sixth session in a row. India Vix also cooled off to 16.65 and is now at the lowest levels since Jan’22. Daily TF – Weekly Range Structure of the index is bullish on daily and hourly TF- making higher highs and lower highs, and index seems to have reversed in the short term. Index did not give any major...

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The Nifty50 on Wednesday climbed for the fourth straight session and broke 16,500 level on a closing basis. Daily TF Index has formed a spinning top candle around the XABCD Harmonic PRZ area of 16,600-16,500 hitting almost both of our targets. This pattern suggests a possibly of reversal but on additional confirmation. We might see a small profit booking if...

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The index rally in the last three trading sessions was almost 3% (432 points). Bullish sentiment continued. The Index has broken the previous swing high and sustained above on the daily chart. The Index is heading for its supply zone, and we can see a profit booking from 16,450 to 16,600. A crucial area to trade in intraday. Daily TF The Index gave a breakout...

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Nifty50 Index on Monday kept on the momentum after a gap-up start to eventually close around its recent swing high of 16,275. India Vix also cooled off by 2.5% to 17.16. Daily TF The index gave a breakout and re-test of the downward dynamic trendline resistance holding the downtrend. The index is still making higher lows taking support from 15,900 levels (B...

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Nifty 50 Index ended flat on Monday amid selling pressure in IT shares, after TCS’s quarterly performance fell short of Street estimates. Investors await more of financial results from India Inc for domestic cues. Index traded in the range during the first half and shoot up nearly 130 points from the day's low before erasing some of the gains. Intraday The...

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Daily TF – Weekly Range The index has stopped making lower lows and broke the previous swing high of 15,950 levels (after retesting) and downward trendline resistance, activating the XABCD pattern and is likely to face resistance at 16,475/500 levels (Harmonic PRZ), which if it sustains can retest the major previous swing high of 16,800. The range finally shifted...

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The Index closed in the green on expiry day and maintained a positive sentiment in the market. Today is the last day of the current week, and today is closing matters on the weekly chart. On the daily chart, The Index has given a breakout for the phycological level(16,000) and sustained above. The main question is, " does the bullish sentiment continue...

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The Index rally in yesterday's trading session was excellent, with More than a 1% gain after the 21st of June. Global sentiment is Positive. Crude oil is trading below 100$ after may month, and now waiting for DXY to cool off to keep the momentum on. On the daily chart, the Index is trading on the trend line resistance with a long bullish candle but still needs...

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Nifty50 Index on Monday snapped a three-day losing streak and closed higher on Monday. The U.S. market was closed for a holiday yesterday and hence in the absence of strong global cues, we are likely to see a flat or slightly positive opening. We are still in the declining markets which are always tough for intraday traders because of the sudden up and downside...

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Nifty 50 Index finished a choppy session flat on Thursday, as gains in select financial stocks were offset by losses in the IT, metal and auto sectors. The index closed its rangebound session on a negative note, the monthly expiry day for June F&O. India VIX (Volatility) cooled down a bit to 21.84 levels, but still above the crucial 20 mark which can favour bears...

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The US Federal Reserve announced a 75-basis point rate hike on Wednesday, leaving the doors open for another rate increase of that magnitude, and US Markets rallied as investors looked favourably on the central bank’s tougher stance against inflation. The rate hike is in line with the expectations and has already been factored in and we can expect VIX to go down...

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Nifty 50 Index crashed 453 points on Monday amid a global sell-off triggered by fears that a fresh 40-year peak in US inflation will prompt Fed to hike interest rates more aggressively. The India VIX jumped 14.3 percent to settle at 22.4 on Monday, its biggest single-day jump in seven weeks. Index once again could not hold onto the psychological levels of 16,000...

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The Nifty50 index extended losses for the third day to close a percent down yesterday, on caution ahead of the Reserve Bank of India’s monetary policy committee meeting outcome. As per our live trade set-up shared yesterday, Index made a dot reversal from ABCD PRZ level (16,346) but lacked momentum and traded in a range throughout the day thereafter. Even though...

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As discussed in our previous analysis, the Nifty 50 Index gave a breakout of the key resistance at 16,400 (both static and trendline resistance) levels after forming a triple bottom at the base. The Index halted a three-day winning run on Tuesday and formed a Doji candle on daily TF, suggesting a temporary halt in upside momentum and is currently in a pullback...

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In yet another week of consolidation, the Nifty 50 Index stayed in a broader range of 15,700-16,400, ending near the upper edge. The index is on the verge of taking out key resistance at 16,400. The volatility also declined during the week. India VIX fell by 7.01% to 21.48. The index has stayed in the same range for three weeks in a row now, and it is making...