Nifty Hourly Nifty Hourly chart broke below the crucial support of 5535 yesterday but short covering in late hours came and Index closed above this level. Break of 5535 makes Technically Nifty weak and today we will see a gap down opening owing to global cues. Looking at hourly charts if we break 5597 in… Read More »
RBI governor did it again the unacceptable and Market does not like surprises. Repo Rate hiked by 50 bps to 8%, effective immediately * Reverse Repo Rate adjusts 50 bps higher to 7% * Marginal Standing Facility now available at 9% * Cash Reserve Ratio kept unchanged at 6% Break of 5583… Read More »
Nifty Hourly It was a roller coaster Ride for the week which was highly volatile and if you were on Right side would have minted money. At the end of the roller coaster week, the benchmark finally ended at 5634, Gaining .86% over the week. As a Trader identify the market you are trading into… Read More »
Nifty Hourly It has been excruciating/frustrating 9 trading sessions to trade with such a dull market and Sideways. Neither Bulls are making significant money nor Bears. The most important aspect of trading is understanding What Market are we trading into. Are we in Sideways/Trading or trending market. Such judgement will help u in planning your… Read More »
Nifty Hourly It was a roller coaster Ride for the week which was highly volatile and if you were on Right side would have minted money. At the end of the roller coaster week, the benchmark finally ended at 5581, losing 1.4% over the week, breaking the 3-week rising streak. [Click on Charts to Enlarge]… Read More »
Nifty 15 Mins Nifty is trading in sideways range and testing the patience of both bulls and bears . As seen from 15 Mins chart Nifty has formed Inverted HnS with neckline placed @5585 levels. Break of Neckline will lead the gap covering till 5618 and Break of 5540 will lead to… Read More »
Nifty Hourly Nifty Hourly is trading in a parallel channel as shown in above chart. We can see formation of lower highs and lower top. Break of 5550 will take Nifty out of channel and break of 5496 will continue to drift lower and can see levels of 5436. Hourly Indicators are oversold but that… Read More »
Nifty Hourly Nifty Hourly was unable to cross 5792 which was next level of resistance but reacted negatively at 5750 levels and corrected back below 5700 levels. Trade below 5651 will add additional weakness to Nifty. Watch 5610 very closely it has been a short term pivot Support.Break of this will take Nifty to 5565-5545… Read More »
Nifty Hourly Importance of Support and Resistance market respected both and gave excellent Trading Opportunities. 5006 Swing Low never Broke showing the importance of Swing low 5706 Swing High once it broke market took breather absorbed selling and gave a breakout in afternoon trade Respected 200 DMA@5749 and tomorrow it should be conquered. Now… Read More »
Nifty Hourly Chart Nifty Hourly chart is showing continuation move in in the parallel channel as shown in the above chart. Nifty sold off from High of 5700 which has been a resistance as marked in previous post. In Upmove Previous support becomes resistance and vice -versa. 5605-5610 was a resistance in previous upmove and… Read More »