FRIDAY CANDLES OF NIFTY FUTURE - 12th May, 2023

 Dear All,

> NIFTY FUTURE DAILY CHART

Its my Small Observation how this week Upmove can't be trust worthy.

04th May, Thursday - RSI 70 !!

Last Friday when Market Closed at -164 with a Good Volume of recent times and generated a Strong Sell Signal, the Candle was a "RED Hammer."

But Eventually Next Monday - NF made a Gap UP Opening and Negated the Bearish Nature of Friday's Sell Signal. 

Tuesday - RED Hammer 

Wednesday - Hanging Man

Thursday - Hanging Man

Friday - Red Hanging Man

Entire Week - RSI Can't Cross above 70 - made a Negative Divergence.

Conclusion :- 18100 & 17965 Once breaks may Trigger a Heavy Selloff, as this Week Fake Upmove may gets Negated Soon. 

NIFTY Review - 08th May, 2023

 Dear All,

> NIFTY WEEKLY CHART <

Data Suggest that FII have added Huge PUT Options in Index and Shorts in Stock Futures are highly alarming. 

FII's are Shorting Stock Futures & Buying Index Puts unlike earlier they shorted Index Futures.

Last Friday Support 18080 broken which may act as a Resistance. Next Support at 17970 / 17840 & 17800. 

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Head & Shoulder !!?? in NIFTY & BANK NIFTY !!!

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Purely Pattern and Retracement with EW Count Suggest a "Head & Shoulder" in both Nifty & Bank Nifty. But the Sentiments & Data is Clearly Bullish. There is No Point to Support this H&S View so far. But View is Posted with out any Bias just for Info Only. Let's wait & See. 

Bank NIFTY ...!!! 43000 Coming ???

 Dear All,

> BANK NIFTY HOURLY CHART <

NIFTY ...Whats Next ???

 Dear All,

> NIFTY WEEKLY CHART <

Above chart is give as per Pattern, Comparing with EW / OI / Indicators doesn't taken in this Chart. Inflation & Rain Forecast will take an important role in coming days.

Bank NIFTY Update - 17th April, 2023

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> BANK NIFTY HOURLY CHART <

If Manages to Cross and Trades above Resistance may Trigger Rally till 43000. Next Week might be a Do or Die. 

NIFTY WEEKLY REIVEW / ANALYSIS - 10th April 2023

 Dear All,

> NIFTY HOURLY CHART <

Correction on card. 17635 Exactly tested which is 61.8% Golden Ratio  should be taken Care. Current Rally is Slow / Steady with out much Retracement should be noted. But the 3 Wave Up is surely not good for Bulls next week. 17200 might be the downside Support.

> NIFTY IT DAILY CHART <

Just one Word "Caution".

> NIFTY METAL HOURLY CHART <

Metal Stocks may trigger a good rally if breaks out above 5530. Rally in Metal stocks over due for a long. 

> NIFTY PHARMA HOURLY CHART <

Pharma Stocks is witnessing a Relief Rally towards 12380 / 12640. Above these Resistance all Pharma Stocks may Rally more & Worst is Over. Else its a Sell on Rise, as it may trigger selling towards new low.

> IEX - Most Rallied Stock from Low <

After CERC gave order to charge a transaction fees upto the Ceiling of 2 Paisa /kWh on either side of the transaction, helped to stock to bounce from the 1.5 Year Low. As per the Chart, If price manages to trade above 155 then the trend may turn Bullish and rally. 

> BHEL - Posted on Whatsapp Group - 06th April, 2023 <

More Rally pending in BHEL.

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BANK NIFTY REVIEW / ANALYSIS

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> BANK NIFTY DAILY CHART <

I have counted the Current UPmove as Wave X from 38612 as on 16th March, 2013, tested the trendline Resistance. Above the trend line may trigger fresh rally and short covering. Else may start Correcting. 

> BANKNIFTY Hourly Chart <

In Hourly Chart - Its a WXYXZ setup and Wave Z moved up till 1.27% to test 41275. Wave Z was slow and steady , with out much retracement. 

> FIN NIFTY DAILY CHART <

Fin Nifty break out on daily chart. Resistance 18460 / 18740 must cross for next upmove. Chola fin, MnM Fin, Bajaj fin, and Muthoot has really helped last week to rally. Yet more Fin Serv Companies results to be declared, may help to rally further.

> NIFTY PSU BANK DAILY CHART <

PSU Bank index may Resist @ 3785, 3845 &3930. On the downside Support @ 3290 &3140. 

> NIFTY PVT BANK CHART <

HDFC Twins helped the PVT Bank index and Entire Banking Pack to Rally last Week.

> HDFCBANK DAILY CHART <

This Mover should decide the Bank NIFTY's Next move. Might cross 1702 to test 1870 or to break down till 1532 / 1870. Most of the Pvt Bank Stocks are highly over bot and Results outcome may trigger rally. Lets See.

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NIFTY / BANKNIFTY- Update - 27th March 2023

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> NIFTY HOURLY CHART <

Above structure suggest a rally since I have counted as "WXYXZ" pattern. Given Chart is a Spot Levels.

But last Friday, I have witnessed a Heavy Selling near 17000 in NIFTY Futures suggest a Stiff Resistance. VPOC Stands at 17030 & POC at 17060 may act as a Resistance.

Only a Cross above these level may trigger Rally. Else Sellers may take control again for a fall.

Option Data shows a clear Negative Picture. 

17000 Call Seen a Heavy Short & Addition of 5.3 Million Contacts.

17100 PUT Seen a Short Covering of 2.5 Million Contacts.

Heavy Long Building seen from 17050 to 16550 PUTs.

> BANK NIFTY Hourly Chart <

Same like NIFTY i have plotted Bank NIFTY as "WXYXZ" Possibly to test 40500 on the Upside.

Option data Suggest a Different Picture. 

Huge addition in 39500 Call OI to 1.9 Million Contract &

Long Buildup from 39900 to 38600 Put Options Shows a Possible Downside also.

40000 PUT witnessed a huge Short Covering of 1.1 Million Contact.

> Index Performance for March 2023 <

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Weekly Review - 13th March, 2023

 Dear All,

> NIFTY HOURLY CHART <

> NIFTY 15 MIN CHART <

> BANK NIFTY CHART <

> BANK NIFTY 15 MIN CHART <

> N4A - SHORT TERM DELIVERY CALL <

> HIND PETRO UPDATE <

237 / 342 if breaks may trigger rally,

> DELTA CORP <

> Index Performance till 10th March 2023 <

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Nifty Showing Strength, Key Support Holding. 08th March, 2023

 Dear All,

Inspite of a bad news and deep fall in US Market, Indian Market was holding holding firm and absorbing all short at lower level. So its needed for the hour to find out the alternative bullish view also.

We have also covered Shorts and entered Long. Short entered on Monday at 17800, Covered today at 17700 and 17720.

Have Long Position from 17720 now. 

> NIFTY CHART <

> BANK NIFTY CHART <

> ICICI BANK - <

Crude Oil - All Target Achieved. Next Target Update - 07th March 2023

 Dear All,

> Crude Oil Posted as on 23rd Feb, 2023 <

Advised a Buy above 6150 for a Target of 6450 / 6550.

> Crude - 6550 Target Achieved <

Crude Oil Met all Target till 6550. Next a Possible rally till 6770 / 6990 if breaks the triangle pattern

NIFTY & Bank NIFTY Updates - 08th March, 2023

 Dear All,

> NIFTY  CHART <

Both scenario discussed with support & resistance. Break Below Support may trigger a lot of Selling, 

> BANK NIFTY CHART <

Bank Nifty must be supported by Fin Serv / PSU Bank / Pvt Banks Indices for any direction, 

> N4A - Short Term Delivery Calls :-

> AMBER - UPDATED ON 21ST FEB, 2023 <

> Amber Update - More Rally Possible <

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Weekly Review 05th March, 2023

Dear All,

FIIs  sold equities worth Rs 6,010.44 crore

DIIs bought equities worth Rs 6,010.44 crore.

So far Last week, as per Exchange Data.

Traders can expect high volatility over the holiday-shortened next week. The Indian stock markets will remain closed on Tuesday, 7 March, on account of Holi.

US Market :-

Fed chair Jerome Powell will testify on the US central bank's semiannual monetary policy report, submitted to the Senate Banking Committee. Powell will testify to whether the cycle of interest rate hikes has led to recession in the world's largest economy.

Other Global Events :-

The two-day Monetary Policy Meeting of the Bank of Japan begins on 9 March, Thursday. 

China’s CPI data will be declared this week.

Industrial production data of the UK will also be announced during the week. 

India’s industrial production data will be released on Friday, 10 March.

> NIFTY DIALY CHART <

Last Friday Bounce has entirely changed the market mood to bullish for many. But still the Bear may emerge any time if the key resistance as mentioned above fail to cross.

> NIFTY HOURLY CHART <

Its a C wave which may find its resistance as mentioned above. 

> BANK NIFTY DAILY CHART <

Bank NIFTY is the Only Sector may trigger a brutal fall if turns bearish. 

> Bank NIFTY Hourly Chart <

Resistance @ 41470

Discussing few Weak NIFTY indices :-

> NIFTY METAL <

>NIFTY IT <

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