Free Stock, Commodity, and Forex Tips & Analysis

Is Nifty About To Resume Bearish The Movement?

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Free nse stock nifty chart calls

Nifty has started its indecisive movement again. Triangle is the best example of a choppy correction, and the break of the structure can give us an excellent opportunity for trading decisions.

Price Action Perspective:
Currently, the price is at the control line of the parallel channel.
Traders are getting trapped in the choppy move of the market. It is hard to take swing decisions due to indecisive movement. If you are waiting for a good swing trade, you can consider the range of 17400 – 17000.

If the price sustains below 17000, traders can expect good selling up to 16900 – 16821 – 16769 below. But safe buying is only possible above 17400, and it can go up to 17600 – 17768 – 17843+.

If you are our premium subscriber, kindly wait for intraday future & option setup.

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NSE Bajaj Finserv: Elliott Wave Analysis & Tips

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free nse stock bajajfinserv chart calls

Bajaj Finserv has started it’s final bearish, where we have seen a speculative boom downside. After breaking 50 & 200 EMA, it started falling for wave Z. Traders can expect the following targets: 14631 – 14449 – 14176.

Bajaj Finserv has formed in the descending channel for more than 27 weeks. It has also broken the control line’s channel. That indicates bulls are not ready to expect a falling knife.

Measurement of wave ((4)):
1. Wave ((4)) can accomplish 38.2% of wave ((3)) at 14000.
2. Wave ((4)) can complete at the lower band of the parallel channel because the price has created a throw-out action.
3. Sometimes, prices do not break the low of wave ((Y)) due to less momentum and supply deficiency. And it causes orthodox bottoms.

The ending point of the corrective structure is the starting point of an impulsive phase. After the completion of wave (z) of wave (4), the price will march for motive wave (5). If the price sustains above wave (X) at 17480, Bajaj Finserv will move on for an all-time high.

I will upload further information soon.

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Nifty & BankNifty – Intraday Trend Analysis

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NIFTY
Timeframe – 1 Hour
Free nsenifty chart calls

Nifty has formed the minor channel wherein price has made excess. This excess has driven prices into the minor channel.

The upper band of the channel indicates the supply zone. Rejection from the upper band has a strong bearish indication. In this case, nifty has the support of 17000 & 16800.

If the price breaks the upper band of the parallel channel, we can see the price can push to our pivot zone 17420. A breakout of the pivot range is a bullish indication for traders.
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BankNifty
Timeframe: 1 hour
Free nse banknifty chart calls

Bank Nifty is also facing resistance from the upper band of the parallel channel. Bank Nifty is bearish below 36420 for the support levels of 36250 – 36000 – 36800.
If the price sustains above the parallel channel, nifty can face the resistance at 36900.
Only Premium subscribers can get a perfect trade setup at the exact time on our mobile application.

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NSE Nifty Bearish Outlook Is Ready

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Weekly TImeframe:

Free nse nifty chart tips weekly chart

Nifty has created a lower high at 18114 on the weekly timeframe chart. Price has taken the support on the pivot range of 16800.
Currently, Nifty has formed a long-legged Doji on the pivot range, which signals indecision phrases of the market.
If the price fails to hold 16822, we may see a sharp downfall.
Doji is a reversal signal reversal, but it needs to be confirmed.

Daily Timeframe

Free nse nifty chart tips daily tips

It has broken down the 50 & 100 EMA. If it gives a consecutively closing candle below the 50 EMA, then nifty can retest the 200 EMA or 17000.
Price has faced strong resistance at 17400. Nifty Looks weak, and it will gap down.

I will update opportunity-based trade setup.

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NSE NIFTY & BANK NIFTY: Case Of Night Attack

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Did you read our Nifty & Bank Nifty research report in the morning?
NSE NIFTY & BANK NIFTY ARE PREPARING FOR A PULLBACK?

NIFTY:

Free nse nifty chart calls

Before

In our research report, we mentioned, “Nifty has broken down the lower band of channel B. If the price beaks face resistance at the lower band, the price may fall to the support level 17000 – 16912 – 16800.”

I am not an admirer of trend change without confirmation. I also added that The bull trend can only be possible during the breakout of 18121.

Free nse nifty chart calls update

AFTER

Nifty has given a pullback of 17276, but fails to break 17300. Nifty Broke down the value area at 17067, and the price has started falling for our mentioned levels. 

Premium subscribers booked profit at 16893.

3:05 PM – Nifty reached the first target of 17000.
3:15 PM – Nifty reached the second target of 16912.
3:25 PM – Nifty Made a low of 16824.

BANK NIFTY

Free nse banknifty chart tips update calls

I have mentioned in clear words that, “If the price breaks down the parallel channel & sustains below 36500, it will be a bearish signal because 36500 is a pivot level.”

After the breakdown of 36500, Nifty fell by more than 570 points in just 25 minutes.
Premium subscribers booked profits at 36191.

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NSE Nifty & Bank Nifty Is Preparing For Pullback

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In the previous article, I have mentioned the weakness or gap down. Yesterday, nifty opened in a gap-down of 219 points.
Click Here: NIFTY OUTLOOK: IS NIFTY PREPARING FOR 16800?

NIFTY
Free nse nifty chart calls

Today, we can expect a pullback to the current move, which will go up to the upper band of the B channel.
Nifty has broken down the lower band of channel B.

If the price beaks face resistance at the lower band, the price may fall for the support level 17000 – 16912 – 16800.

The key level for the up move is 17250. If the price sustains above the 17250, traders can expect resistance levels: 17300 – 17425 – 17466.

Don’t forget trend never moves in a straight line. It creates lows and highs. The bull trend can only be possible during the breakout of 18121.

BANK NIFTY

Free nse banknifty chart calls

Bank Nifty has completed the zigzag pattern at 38759 with 0.786% Fibonacci extension. This down move has also broken down the ABC channel.

The market never stops its cyclical move. Yesterday, Bank nifty touched the lower band of the minor parallel channel. Nifty had made the range between 36965 & 36526
If the price respects the parallel channel, traders can expect a good up move to 37150 – 37251 – 37315

If the price breaks down the parallel channel & sustains below 36500, it will be a bearish signal because 36500 is a pivot level.
However, the assumption of a positive day can be possible as the global market is +ve.

Only premium subscribers will get entry, exit, and stop-loss at the exact time.

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