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Markets action for the Week

Markets action for the Week

The Nifty Index has done a positive close taking well-expected support at 40WEMA. The weekly candle closed in green, leaving an impression that the lower levels are arrested now. Weekly RSI is turned from over-sold to a slightly buy momentum. We need a further conformation on the level up towards 17500, which is possible only above 17250, a very crucial resistance in this expiry week. There is strong participation from Metals, IT, and FMCG, but this is not enough to…

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Markets action for the day 24-12-2021

Markets action for the day 24-12-2021

The Index has witnessed a massive recovery from the lows of 16410. As we expected, the Index is in its short covering mode, and thereby breaking its short-term resistances make it bounce from lower levels. 16410 is a weekly swing low. Considering the expiry week, as well as the final weekly expiry of this calendar year, sideways to positive momentum is expected. 16900-1700 was a gap that needed to be filled, and that has exactly happened in yesterday’s market. Now,…

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Markets for the week ahead

Markets for the week ahead

Nifty closed positive on weekly basis giving the much-needed room for bulls to break the highs again. The week ended was very volatile and finally, the trend looks positive. Close above the swing high in the coming week should head towards the 17,000 mark. 15644 should be the bottom in place for the next move. BankNifty momentum is held for the consecutive second week as well. 36660 acts immediate resistance and breaking above should reach 37700 mark. 20 WMA placed…

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Markets for the week ahead

Markets for the week ahead

Nifty weekly has not changed much compared to the previous week. Many volatile sessions but very tight range days. Closed near to previous week low 15630 which can be acting as a support for the coming week too. The trend is still up and the higher high and higher low patterns are not broken still. The weekly close above 15920 will take the nifty to all times high. On a daily, the index is lower to the band support at…

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Markets for the week ahead

Markets for the week ahead

Nifty marginally closed higher, which was much needed on weekly closing. 15444 is the weekly swing low and that should be protected in order to see a further rally towards 17000. its just ended near to weekly lower channel as of now. Further, close above 15950 confirms the trend towards 17000. On a daily basis, took support closer to the lower Bollinger band 15627, which also happens to be the larger trendline support, which’s a welcome sign for the bulls….

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Markets week ahead

Markets week ahead

Weekly markets ended positive and the same to continue in this week also. Nifty weekly showing Bullish Engulfing big gains, which has made a higher high and higher low in its previous swing movement. Holding above the weekly low 15450 ( Swing low) is the key. Expect the Index to surpass 15901 further towards 19620. On Daily, 15673 should protect. Further on the upside 16118 should be the ideal target within this week. That is wave iii of V of…

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How to approach markets

How to approach markets

Going forward, Nifty is still in bull grip. One to two days may be volatile like the previous 2-3 trading sessions, but unless the broken swing low at 15050 weekly, the index looks still in buy mode. BankNifty is almost near its bottom as 20DMA is still holding at 34000. Seeing the structure, the index should head higher. Probably the only Index that can make higher going forward. Share on: WhatsApp

MARKETS WEEK AHEAD

MARKETS WEEK AHEAD

Markets are in a completely bull grip as seen in the previous two weeks. Every correction is bought into. The momentum is slow, but it is still up. We still have much room on the higher side especially in the Nifty. We see one or the other sector is pushing the index higher. The week ending Nifty was pushed higher by IT, PHARMA, and METALS. We see a lot of new sectors participating like PSU and Power. Going by the…

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Markets action for the week ahead

Markets action for the week ahead

As we were pointing at markets to hit all times high, the Index reached well to the expected levels. The weekly momentum has turned positive for the first time after the recent volatility. We must see a further upside given that the market is now headed much higher, but slower than all the previous up moves. The immediate levels that we can see are 15500 on the upside ( Which is very close) and 16000 on the very higher side….

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MARKETS ACTION FOR THE DAY

MARKETS ACTION FOR THE DAY

The Indian stock market is expected to open in the green following positive global cues. Trends on SGX Nifty indicate a positive opening for the index in India with a 57 points gain. The S&P BSE Sensex declined 86.95 points to close at 49,771.29 on March 22 while the Nifty50 fell 7.60 points to 14,736.40. According to pivot charts, the key support levels for the Nifty are placed at 14,634.83, followed by 14,533.27. If the index moves up, the key resistance levels…

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