NIFTY 17000 Crucial Support

 Dear All,

Its a Harsh Sentiments with Sell off - Very difficult to follow up trade with Divergence from Indicators.

OI data Suggest a Good Support @ 17000, If 17000 Holds, may see a minor Pull Back Rally. I don't have any Longs now. 

Weekly Review - 26th Sep, 2022

 Dear All,

September Month was so Volatile and devastating month so far, Gap Up and Gap Down makes us struggling to manage the existing position and for fresh entry also. This move is really a Consolidation phase as 3-3-3-3-3 which don't follow any proper retracement rules or Corrective structure also. This week I have elaborated some major indices move and what can be the possible move next.

> NIFTY HOURLY CHART <

So far Nifty has completed 50% of this Consolidation. As i have mentioned above, Monday and Tuesday are crucial, as the support 17260 & 17160 Must Hold. Else this analysis negated and fall to continue. 

> BANK NIFTY HOURLY CHART <

Bank Stocks might give a Break out rally if Bank Nifty holds the support 39420. Bank Nifty decides most of the market move including NIFTY50 as many bank stocks have higher weightage and move Nifty also. So its very important for Bank NIFTY to hold for the benefit of entire Market.

> NIFTY IT DAILY CHART <

Rising Fed Rates worried Indian IT Stocks.

On March 2020 - from 11990 - to 39446 on Jan 2022, Now Corrected till 26500 may See a Short Term Bounce as mentioned above. IT Support is much needed for Market to stabilize. 

> NIFTY METAL DAILY CHART <

Metal Index - may get channel support and Tata Steel consolidation news also. Support @ 6010.

Nifty may Turn down if Support 17780 & 17740 Breaks down.

 Dear All,

Have booked my Longs today Morning, as I felt todays Upmove was a Corrective in Nature.

Today I have shorted and I feel if given support breaks we may drift down badly below 17640. 

Current Move giving a Gap up or Gap down makes very difficult to take an entry and carry Over night. 

Correct Entry / Exit will help to survive. Let's See how market Open tomorrow, 

Will I able to Book a Profit ? Lets See. Cheers!!!

Weekly Review - 19th Sep 2022

 Dear All,

NIFTY Hourly Chart :-

Key Support @ 17500 & 17360. On a Bullish View, We might have ended Wave2 of 5th Wave, Hence If the given support holds, we may see a Up Move next week.

Bank NIFTY Chart :-

Entire world in Negative in Equity Market, But Bank Nifty is not such negative till date. A bit of consolidation for wave 4 Possible as per above 15 Min chart. Lets see.

Key Resistance @ 17900 & Support @ 17750 & 17650

 Dear All,

Going to be a Buy on dip, Crucial support and resistance to be noted down.

Cheers!!!

Bullish Flag Pattern ?

 Dear All,

Is this a Bullish Flag Pattern ?. Lets wait for the Support to Hold. We need a Confirmation tomorrow !!!

Lets Wait for Support 17750 to Hold & US market to show some sign for a Normal Opening tomorrow.

Nifty Key Support @ 17630

 Dear All,

I'm Holding Short in NIFTY

Watch Key Support 17630 for a fall till 17450. 

Nifty Key Support @ 17470

 Dear All,

As per Support & Resistance - Market may decide the trend, Lets wait and see.

Nifty - Support @ 17080-90 - Holding Short

 Dear All,

Huge Premium in Sep Month Nifty Contract shows Long Build Up. Don't know those Long will get covered next week. 

I'm Holding Short and will look for a support to cover near 17080-90. Good Day.

NIFTY - Caution Ahead.

 Dear All,

I had a Short Position and today saw a fast fall.

Most probably Nifty may take a fast route to fall again, may test 1 to 4 Target given above. Im waiting for my Target Soon.

Bank Nifty - Is this a Head and Shoulder ???

 Dear All,

All Comments are in Chart. Last Update was similar to this on Nifty Chart. Lets Wait and see till we get a clear Picture.

Nifty Key Resistance @ 17600 & 17750

 Dear All,

Key Resistance @ 17600 & 17750.

Not Sure this may Happen, But Probable Wave Analysis suggesting a Deep Cut.

It might be a Domestic Problems or Geo Political Issues. Some Negative News may emerge in the month of Aug, Sep & Oct, 2022.

Lets Wait and See.

Nifty :- Key Resistance @ 16750 & 16840

 Dear All,

Watch Key Resistance for Next course of action. 16750 & 16840

Nifty - Watch Resistance 16250 Above may test 16500+

 Dear All,

>>> NIFTY Hourly Chart <<<

Holding Long since 15990....Lets check the Resistance 16250 for 16500+.

Nifty - Time for Caution.

 Dear All,

>>> NIFTY - Hourly Chart <<<

We are Holding Short

Nifty Support :- 15750 & 15710

 Dear All,

>>> NIFTY Hourly Chart <<<

We are LONG and Waiting for More Upmove.

Is this a Dead Cat Bounce ???

 Dear All,

Dead Cat Bounce Possible.

NIFTY Key Resistance @ 15860 & 15990 -

 Dear All,

>>> NIFTY 15 Min Chart <<<

May Test given Resistance.

Next Resistance @ 16630

 Dear All,

>>> NIFTY Hourly Chart <<<

Will Test 16630 - First Resistance 

Do or Die for Nifty

 Dear All,

>>> NIFTY Hourly Chart <<<

Key Support 15660 & 15800 Should hold for next 2 days for a Relief Rally. Lets See.