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Index once again faced a strong rejection from 16,350 levels in the morning trade, which continues to be a hurdle. A short-term trend-reversal is possible only if the immediate resistance at 16,400(rounded off) is broken and sustained, which in turn will activate the ’XABCD’ pattern and can fuel a small rally towards 16,700-900 levels (Half Bat resistance also)....

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Nifty 50 Index crashed sharply on Thursday and lost over 2.6%, on the back of weak global cues. This was a sentiment-based fall led by the meltdown in the US markets, on the fear of aggressive rate hikes. Heavy selling was in the index majors across sectors wherein IT and metal majors were among the top losers. The index has once again completely reversed the...

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Explained everything on the chart, Considerable buying from the bottom with 480 stop loss

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Nifty 50 Index ended lower for the sixth straight session on Friday, reversing from earlier gains. The index logged its fifth straight week of losses, the longest weekly losing streak since the Covid-19 crash, breaking the critical psychological level of 16,000. India’s retail inflation came in at an 8-year high, and RBI indicated its intent to get the repo rate...

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India 50 USD Index Analysis (4Hr TF) India 50 USD Index has been in a down trend since the month beginning, making lower lows and lower highs with the blue trend line holding the downtrend. Index is trading at an important psychological levels of 16,000, taking support at multiple instances. Following are the possibilities for the remaining part of the week: • ...

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After consolidating for two weeks between 16,800-17,500 levels, Nifty 50 Index finally broke the range and continued to fall sharply, triggered mainly by surprise interest rate hike by the RBI, hawkish commentary from US Fed and mixed corporate results. The short-term trend has turned bearish and it is likely that markets can further slide lower. The volatility...

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As expected, Nifty 50 Index opened with a huge gap down on Monday. However, the index recouped most losses by the end, taking support from 16900-16800 levels where reasonable buying has emerged in the past few weeks. Index also strongly defended the psychologically vital mark of 17,000 and gave a good closing. Volatility remained high at above 20 levels, which...

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Week ahead ============== Nifty 50 Index has been stuck in a sideways range over the last two weeks. Index is oscillating between 16,800 and 17,500 and the same levels are likely to remain crucial for the upcoming week. As discussed in our previous weekly analysis (April 24, 2022), Nifty 50 Index formed a double bottom at 16800 levels (Important support for the...

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Nifty 50 Index bounced back sharply and recouped all its previous day's losses to close above 17,200 levels powered by rally in Financial, oil & gas, IT and FMCG shares. The Index finished the April derivatives (futures & options) series 253.2 points or 1.4 percent lower. The declining volatility (India VIX) also supported the market but needs to cool down further...

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Nifty 50 Index continued to fall on Wednesday, after a day's breather, on account of weak global cues. Most sectors were in the red with heavyweights such as Bajaj twins and ICICI Bank being the biggest drags. Index traded in the range 17100 – 16950 during the day with high volatility. The volatility (India VIX), which had cooled down significantly in the previous...

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ifty 50 Index reversed the previous day's losses yesterday on positive global cues with all sectors participating in the rally. Volatility (India VIX) also cooled down to 19.18 but needs to fall way below the 18-mark to make the bulls comfortable. After gap-up opening, Index traded in a range throughout the session, extending the rally late and closing at 17200...

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Nifty 50 Index suffered sharp losses on Monday on back of weak global cues amid concerns about aggressive monetary policy action by the US Fed. India VIX also shot up and is now back to 20+ range. However, gain in ICICI Bank on back of good results, brought back some positivity in the Banking sector. Index is now trading in the 16800-17500 range with high...

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Continuing the analysis of Nifty50 as per the idea shared on April 19, the following are the events that unfolded. 1. Price reversed from the PRZ at 0.886 (17150) and found resistance at the confluence of the last swing high and the trend line coming from the top at 17300, triggering a late sell-off on April 19 - on the back of some news related to the Russia...

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Nifty 50 Index entered a second straight day of pullback on Thursday, rebounding 400+ points in two days. Strength in IT stocks along with heavyweights Reliance and the HDFC twins aided the up move. The Nifty50 has formed a long bull candle on the daily chart, confirming a bullish reversal pattern for the short term (follow up move after forming a ‘bullish harami’...

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Supported by positive global cues, Nifty 50 Index ended its five days losing streak and ended in green zone on Wednesday. Index has formed an ‘Inside Bar’ / ‘bullish harami’ after taking bounce from demand zone (Half Bat pattern – as highlighted in the weekly analysis.), trapping the late shorter. This pattern signals a trend reversal on proper follow-up, and we...

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Nifty 50 Index started the week on a negative note, in continuation of the prevailing correction phase. After a 280 points gap-down opening (slightly below the ABCD target of 17218) amid weak global cues and lower than expected results from heavyweights like Infosys and HDFC Bank, the Index continued to trade with a negative bias before recovering some of the...

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Nifty 50 Index Analysis – Daily TF Nifty 50 Index has given a straight run to 18100 levels (making a new swing high) after hitting a low of 15800 (impulse) during March 2nd week and is currently in a correction phase. As we all know every impulse has a correction, a correction for the straight impulse is inevitable and the market always moves in such a manner. A...

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Good Morning Everyone, Russia’s military action in Ukraine has significantly impacted global markets, and The Indian market is also suffering. While taking into account the recent geopolitical tensions, including Crimea annexation of 2014, Iraq war, and Afghanistan war, KR Choksey PMS in a study suggests that Nifty50 usually corrects 31-37% on an average in a...