Feb 9, 2023
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Nifty Technical Analysis for the week starting from 06 February 2023.
Nifty 50 had fallen 619 points from the levels we suggested in our analysis previous week, and this trend has been continued for last eight weeks. Read out our research article on the analysis of Nifty 50 for the coming week by going on our blog "Market Observers" by clicking the link below.
Analysis of Nifty 50 on the basis of Moving Averages, Institutional figures, Open Interest data, and Chart Pattern Formation.
I have written an article on my Analysis of #Nifty50 . My research for last four weeks has gone right. Click on the link below to check out my #Nifty research for coming week .
Nifty 50 has formed a falling wedge pattern on the daily time frame, there can be 2 possibilities.
First indicating an upmove after the nifty breaks resistance level of 16760.
Second possibility being a down move because of the resistance of 200 Exponential Moving Average & It will continue the next swing in Falling Wedge Pattern.
⚠️DISCLAIMER:
No investment advice. Educational purposes only!
Please keep in mind that trading on forex market,stock market, futures and options carries a high level of risk, and may not be suitable for all traders/investors. Don’t invest an amount of money that you can’t afford to lose and I don’t encourage people to put their money in a certain market.
Nifty 50 has formed a falling wedge pattern on the daily time frame, there can be 2 possibilities.
First indicating an upmove after the nifty breaks resistance level of 16760.
Second possibility being a down move because of the resistance of 200 Exponential Moving Average & It will continue the next swing in Falling Wedge Pattern.
⚠️DISCLAIMER:
No investment advice. Educational purposes only!
Please keep in mind that trading on forex market,stock market, futures and options carries a high level of risk, and may not be suitable for all traders/investors. Don’t invest an amount of money that you can’t afford to lose and I don’t encourage people to put their money in a certain market.
Trade Setup: Nifty at upper end of broad trading range; defensive stocks to outshine
Trade Setup: Nifty at upper end of broad trading range; defensive stocks to outshine
In the second day of recovery, the domestic equity market continued seeing short covering throughout the day and closed the session with a decent gain. Headline index Nifty opened mildly in the negative, but soon crawled into the positive territory after initial minutes of the trade. As it marked the day’s low point in early minutes, Nifty stayed within a rising trajectory and continued marking…
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stock market crash: What's next after Monday mayhem?
stock market crash: What’s next after Monday mayhem?
NEW DELHI: Analysts on Dalal Street see room for a minimum of 5 per cent correction in the domestic equity market as a new strain of the coronavirus in the UK hit market sentiments globally. Earlier in the day, the benchmark BSE Sensex cracked nearly 1,407 points, or 3 per cent, to close at around 45,554. Likewise, the NSE Nifty slipped 432 points, or 3.14 per cent, to 13,328. All components in…
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