Nifty Daily View On Tuesday, Nifty pared gains after clashes between the nation’s soldier and Chinese troops in a border area. Today, the level of 9700 will be a crucial level and on the dismissal of the same, Nifty would quickly fall to the levels of 9550/9500. Based on a Read more…
Nifty Daily View On Monday, the market was trading with caution due to steep weakness in US stock futures. Nifty remained in a tight range and today it would result in a breakout or short-covering formation. The resistance exists at 10070 and 10150. The strategy should be to buy on Read more…
Nifty Weekly View: On the basis of weekly formation of the Nifty, the level of 10330 would be ultimate resistance for the market. On the crossing of 10330, Nifty would jump on the levels of 10550/10600. However, the journey from the level of 9950 (weekly closing) up to 10330 would Read more…
Nifty Daily View Today, could be the most crucial day for the market as the market has formed a tight range-bound activity on Wednesday and on the dismissal of the trading range, Nifty would enter in trending (impulsive) activity. Above the level of 10170, Nifty would move to 10300 and Read more…
Nifty Daily View Based on technical analysis, if markets are really strong then it will not fall below the level of 10000-9940 that would help the market to move beyond 10330. Below the level of 9940, Nifty would gradually, fall to 9800 or 9700. On the higher side, 10270/10280 would Read more…
Nifty has left a huge price gap between the levels of 9598 and 9706. It went to 9900 levels but there it came under profit-taking pressure and finally closed at 9826 levels. Maybe today or in next one or two days, the market may try to fill the price gap Read more…
On Friday, Nifty broke the level of 9000 but it failed to fall further may be due to the pressure of extended weekend. the market is in a down trend. However, on Friday, it closed with interesting formation. Today, in case, Nifty crosses 9180 then it would have scope to Read more…
Nifty Daily View: After completion of the corrective upward pattern, Nifty has formed bar reversal formation. Its a bearish formation for the market as in this case buyers loses their entire grip on the market. We can expect further weakness in the near term. The strategy should be to sell Read more…
The market has narrowed the trading range. The strategy should be to buy if it corrects to 9250/9260 with a final stop loss at 9150. On the higher side, resistance exists at 9300 and at 9350. Below the level of 9150, Nifty may slide to 9100-9080 levels.
The market has formed the Doji Star formation at the bottom of the recent fall. Till the market is not crossing the level of 9350, it would act as a negative continuation formation. However, in todays date if we see the Nifty is crossing 9275 then the possibilities to hit Read more…