Market Overview: Nifty 50 Futures The Nifty 50 on weekly chart gave a bear doji bar which is also an inside bar. Weekly chart forming a broad bear channel and a Nifty 50 futures nested channel, near to top of channel so bears would be looking to short. Nifty 50 on daily chart is in a broad […]
Nifty 50 futures trading range likely
Market Overview: Nifty 50 Futures Nifty 50 futures on weekly chart gave strong bull close after wedge bottom and 2nd leg trap increasing chances of upside momentum for next week. But trading range likely due to sharp selloff in previous week. Nifty 50 on daily chart turned out that bear flag was final flag, so there […]
Nifty 50 futures weak bear bars
Market Overview: Nifty 50 Futures The Nifty 50 futures formed 3 consecutive bear bars after long time in monthly chart, but are weak bear bars which are not enough to convince more bears to short the market. Nifty 50 on weekly chart gave bad follow through to a High 1 bull bar closing near high (green box). […]
Nifty 50 strong bull close
Market Overview: Nifty 50 Futures Nifty 50 strong bull close on futures weekly chart, near wedge bottom line, and possible failed bear breakout of a cup & handle pattern. On the daily chart, Nifty 50 forming possible final flag, so the least bulls can expect is a trading range on both weekly and daily charts. Nifty […]
Nifty 50 wedge bottom and cup & handle
Market Overview: Nifty 50 Futures Nifty 50 wedge bottom with strong bear close this week. Overall structure is climatic and probably a halt expected next week due to wedge bottom. Wedge bottom usually has a double bottom breakout, so bears if want to continue the trend down they would need another bear close next week as […]
Nifty 50 futures strong bear close after double bottom
Market Overview: Nifty 50 Futures The Nifty 50 futures have given strong bear close after double bottom, but the best bears can get would be a trading range, so bulls would be again looking to buy near the trading range bottom. Nifty 50 on the daily chart is in a broad bear channel which are always a […]
Nifty 50 futures increasing trading range price action
Market Overview: Nifty 50 Futures The Nifty 50 futures after giving a breakdown of bull micro channel on monthly chart now showing increasing trading range price action, and also forming micro double bottom after a Low 3. Nifty 50 on the weekly chart came to support area but weak reversal up without bull strength, which was clearly […]
Nifty 50 futures breakout above inside bar
Market Overview: Nifty 50 Futures The Nifty 50 futures on the weekly chart is currently trading near major support, has formed an inside bar, and with potential breakout above inside bar. The market could move 2 legs upside from here. On daily chart, the NIFTY 50 is still in a broad bear channel and has completed 2 […]
Nifty 50 futures double bottom at bottom of trading range
Market Overview: Nifty 50 Futures The Nifty 50 futures on the weekly chart formed a double bottom at bottom of trading range which is also the bottom of a bull micro channel. Nifty 50 on daily chart still in the broad bear channel and forming wedge bottom near March month low which is strong support. Nifty 50 […]
Nifty 50 futures consecutive bear bars closing near low
Market Overview: Nifty 50 Futures Nifty 50 futures consecutive bear bars formed on weekly chart closing near their lows, and also near measured move target shown in the weekly chart below. Nifty 50 on the daily chart forming micro double bottom just above March month low and also making a wedge bottom so possible reversal expected. […]