Market Overview: Nifty 50 Futures Nifty 50 failed major trend reversal on the monthly chart. Bears tried to reverse the bull trend by selling lower high double top, but failed to cause a reversal. Rather bulls are now trying to resume the bull trend, by forming consecutive bull bars closing near their high. Nifty 50 […]
Nifty 50 Futures Expanding Triangle
Market Overview: Nifty 50 Futures Nifty 50 futures expanding triangle on the weekly chart, the market formed a bear bar after 4 weeks. Bulls expect one more leg up before any reversal, but bulls can book some profits as an expanding triangle top. Nifty 50 on daily chart forming minor wedge top which has a […]
Nifty 50 near big round number
Market Overview: Nifty 50 Futures Nifty 50 Near Big Round Number on the weekly chart and also formed a bull bar which continues the bull micro channel, making this move more climatic. Nifty 50 on the daily chart continued up even after reaching the channel measured move up, and thus forming another possible measuring gap (can […]
Nifty 50 measuring gap
Market Overview: Nifty 50 Futures Nifty 50 measuring gap on the weekly chart formed another bull bar (this time a small one) and continued the bull micro channel after breaking above the bear channel (red). Currently, Nifty has achieved measuring gap and measured move target, so one can expect some profit taking at this level, […]
Nifty 50 futures bull flag
Market Overview: Nifty 50 Futures The Nifty 50 gave strong bull close in monthly chart and bulls expect this to be possible trend line of the bull channel. The move down after measured move of measuring gap was very weak to cause bear reversal. Possible Nifty 50 futures bull flag. Nifty 50 in weekly chart still […]
Nifty 50 futures micro channel
Market Overview: Nifty 50 Futures Nifty 50 futures micro channel on weekly chart with strong bull close, but near a major swing high, so high probability of Double Top attempt in the coming week. Overall market structure on weekly chart is broad bear channel, so you can always buy low and sell high (broad channels […]
Nifty 50 futures nested channel
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 […]
