NIFTY Key Resistance @ 17800 & 18000

 Dear All,

Happy Diwali to All.

We are Holding Long. 

Rally Exhausted or Just Started ???

 Dear All,

Comments are Inside the Chart.

> NIFTY Hourly Chart <

>BANK NIFTY Hourly Chart <

Choppy & Volatile to Continue

Dear All,

More Choppy / Volatile with UP and Down Possible.

 Due to Low VIX - Option decay may be fast, along with  Future Discounts / Premium may Hurt more. Result Season to give more volatile.

Key Support @ 16900 & 16850

 Dear All,

> NIFTY 15 Mins Chart <

I was a Victim of current volatility, hit and misses of last few trades, Either Trail SL or SL hit. 

Tried to Decode the current move, Support 16900 or 16850 may get tested by tomorrow. 

I don't have any position, Kindly avoid any trade based on this. due to volatile.

I feel that even if there is any gap up tomorrow, may be sold out to test the given support.

Lets see.

Weekly Review - 10th Oct 2022

Dear All,

> NIFTY Daily Chart <

As usual its a Volatile Session, more yet to come. Because most waves are irregular or abnormal pattern, makes more difficult, hence more caution needed to trade.

Big Social media debate going in favor of Bull Vs Bear. Global Indices are Red and Our Indices yet to respond to bear. When FED Raises rate to Strengthen their Dollar Dominance, Others are forced to raise the rate or to Sell their Forex Reserve or to sell their Dollar Reserves to stabilize their Currency. 

My Personnel View is US Govt., is Purposefully waging a Economic War against all countries to emerge themselves are global leader. If So they will continue to hike rate till their goal is achieved.

Finally a Strong one will survive in this Dollar Game. I hope India will, as our Economic data are strong enough with rich dollar kittle. So no fear of Deep Correction or any Black Swan Event to happen to us. .

> NIFTY Hourly Chart <

its an Alternative count, though bullish. As mentioned - the entire move is a 3-3-3-3-3 Pattern. If so, Current Wave may be a 3 Wave Upmove. 17090 may take Support for a bounce back

> NIFTY 15 min Chart <

Last Week bounce was an irregular pattern, Immediate support @ 17210 & 17140 must give support. But so far SGX Nifty made a low of 17070. So fingers Crossed.

> Bank Nifty Daily Chart <

As like NIFTY - 4th wave is done and 100 DMA supported.

> BANK NIFTY Hourly <

Possibilities, if support held may rally again on Monday

Weekly Review - 03rd Oct 2022

 Dear All,

> NIFTY Hourly Chart <

Entire Week was really tuff, as the Indices drops with +ve Divergence till Thursday Expiry. Might be to Squeeze the Option Premium. 

Friday Low 16750 might be a bottom as there is lot of changes in OI. A good upmove expected if the global cues support. 

> Nifty 5 Min Chart <

On 5 Min Chart, there is a Probability of hitting the lower channel for abc consolidation on the downside. Key Support 17060 / 17000 / 16970 must hold to valid this analysis. Else it may negate or Nifty may dip lower also.

Note :- there are many more alternatives at present, discussed above is one among them.

> Bank Nifty Chart <

Bank Nifty has many alternatives and given here is a Bullish Scenario, hence key Resistance @ 39000 & 39600 must test and cross above for further rally. In between lot of consolidation possible.

> PHARMA Daily Chart <

Pharma Index has given a Flag Pattern Break out, Hence a 1000 Pts Rally possible soon. Watch below given Pharma Stocks.

> GLENMARK Weekly Chart <

Glenmark is Waiting to Explode if the above Key Resistance get Crossed, a Well beaten down Pharm stock. 

> NIFTY IT Index - Hourly Chart <

Have discussed about IT Index and Stocks few days before. Possibly may break out this week to support NIFTY to rally. Have advised INFY also. Given below.

> INFY - Hourly Chart <

Holding Long. Watch Support & Resistance.