Viv123

Viv123

If nifty holds above the previous consolidation, there is an outside chance that nifty might attempt higher again. The job for Bulls and Bears is clear: Bears- Break below the consolidation level on weekly closing basis Bulls- Save the previous low of 4th March, 2025.

Viv123

The RSI on daily chart made a new high compared to the previous oscillator pivot. The oscillator is becoming overbought and price was not able to cross the previous high on closing basis. This suggests that Nifty is weak. If this interpretation is correct, then Nifty should break below the previous consolidation and form a double bottom, very near the previous low.

Viv123 Updated 

Nifty had a solid run last week, however, there are several resistances going forward. Nifty might struggle going ahead in the coming week. It appears that the zone of 23500-23800 is a strong resistance zone. Will it crossover, consolidate or collapse? Previous Daily swing high=23807, Equal Rally distance =23559, 38.2% retracement= 23612, 50% Retracement=24121,...

Viv123 Updated 

On monthly chart, Nifty has closed below its opening levels for 5 consecutive months. (Octber24-Feburaru,25). This also suggest that nifty might close above March opening. That means the bottom for March might be in place. Based on these points I feel nifty might be headed towards 23500-23700 levels in March, 25.

Viv123

Gold had a 40.6 % swing last year (12 Months) and closed with 31% gain. Gold this year has already had 17.6 % swing this year in 3 months. It should achieve 50% equality at 3144 which is 20.3%. Can this be sustained? Price has gotten ahead of time. Gold appears to be near the top and should retrace. The information and analysis is for educational purpose and is...

Viv123

The RSI made a new high relative to prior oscillator peak but the closing price associated with the new oscillator peak is at a lower level. The oscillator is becoming overbought when nifty prices are a lower level. Nifty might be beginning to become weaker.

Viv123

On monthly chart, Nifty has closed below its opening levels for 5 consecutive months. (Octber24-Feburaru,25). This also suggest that nifty might close above March opening. That means the bottom for March might be in place. Based on these points I feel nifty might be headed towards 23500-23700 levels in March, 25 or early April,25.

Viv123

If nifty has exhausted the down move for a while, where does it go from here? The previous rally was 1594 points, this sets a target of 23559 for nifty if an equal move was to take place. This also coincides with the .382% retracement of the entire down move which is placed at 23612. Equal move of previous rally at 23559. Retracement 38.2% at 23612. Highest close...

Viv123

If nifty has exhausted the down move for a while, where does it go from here? The previous rally was 1594 points, this sets a target of 23559 for nifty if an equal move was to take place. This also coincides with the .382% retracement of the entire down move which is placed at 23612. Equal move of previous rally at 23559. Retracement 38.2% at 23612. Highest close...

Viv123

Nifty on daily chart made a near equal move (11.5%) in 2 legs. This can be a possible point of downward exhaustion. The low (21964) of 4th March,25 is also very close to the wide range Modi election bar (4 June,24) at 21884. This could be another area of exhaustion matching with double bottom. If nifty has exhausted the down move for a while, where does it go...