Nifty marches on! Nifty has pushed through important resistances between 11600-11650 with relative ease. Now, the next hurdle remains to be conquered is 11800! Will it or will it not? Well, the Nifty is extremely...
Category - Daily Trading Plan
Daily Signals based on Hybrid Model & market commentary.
Is the market tired? Well, today’s price action suggests that! Nifty opened with a gap above the falling trendline and moved higher up to 11578.05, came off over 120 points to make a low at 11452 after the Supreme...
It was the day of indecisiveness! Nifty is trapped in a tight range between the crucial levels of 11180-11300. Here are my observations from the daily chart of Nifty… Nifty has printed a Doji, an inside day...
Market takes a breather! Nifty initially rose up to 11305 and ran into resistance at its 50 Day MA, gave up all the gains to make a low at 11181 before settling marginally lower at 11222.4 or 5.15 points. Nifty has...
The rally continues! Have we turned around? Or is it just the rally in a downtrend? Let’s find out… As we can clearly see that the higher high-higher low pattern is broken and now the Nifty is making...
It was a Good Friday for the bulls! I had mentioned in my previous issue of the Daily Trading Plan… We could expect to see some relief rally from the extreme oversold levels to the 11000-11200 zone! Nifty on Friday...
All you need is one day to completely rattle the markets! I have been repeatedly cautioning the readers of the Daily Trading Plan of this inevitable correction in the market ever since the large reversal we saw on 31/08/2020...
A tug of war continues between bulls and bears! The bulls have been successful in defending the important support zone despite the huge volatility and selling pressure. Nifty started on a strong footing and rose over 100...
The moment of truth for the bulls is near! After the massive sell-off yesterday, Nifty continued its descent today also just like I had mentioned in yesterday’s Daily Trading Plan… Well, the Nifty is oversold...
Bulls are losing control! As correctly anticipated in yesterday’s Daily Trading Plan… Nifty is likely to slide down up to the lower downsloping trendline at around the previous swing low at 11185-11100.Nifty...