It was another poor week for bullish traders. Started weak and then continued lower to finish poorly too. Now, where have I heard that song before?
Nifty Future
Nifty Weekly Technical Forecast [06-06-2022]
Nifty Weekly Technical Forecast: In the previous column, we studied the range that had formed and how a breakout may occur from that to set the immediate trend. We discussed that a down-move may continue upon the down-breakout but that an upside break may still meet with supplies at higher levels. Thus the bias was still bearish.
Nifty Weekly Technical Forecast By Neal Bhai [23-05-2022]
Nifty Weekly Technical Forecas: Traders continue getting tossed around by the market. We started weak, rallied up, then gave it all back, only to rally back again by the end of the week. So, the saga of volatility continues. Intra-week trading remained very difficult as gaps and lack of a follow-through kept taking a toll on whatever positions were created. The VIX moved sharply as uncertainty deepened and nervousness increased. Everyone is searching for a bottom that is proving to be elusive so far. The week in pictures was thus.
Nifty Could Remain in the 17405-17855 Zone in The Near Term
Nifty Trading Zone: “Nifty after falling gap down has formed a hammer like pattern after a fall, suggesting possibility of an upward reversal. Advance decline ratio fell to much below 1:1 suggesting broad based profit taking in the markets. Nifty could remain in the 17405-17855 zone in the near term,”.
Buy Nifty Between 17,100 to 16,700 | The Next Dip Will Still Be Another Buying Opportunity
Nifty Weekly Forecast: When playing the markets, particularly with trading, it would be wise to remember, always, one of the statements made by Elon Musk. ‘Success is one of the possible outcomes’, he said, talking about one of his ventures.
Is Nifty Honeymoon Period Over? : No power to lift Nifty very high [26-02-2022]
Nifty Honeymoon Period Over: This week was one for the record books. We saw the largest range for a day after about nearly two years. The last time around when the Nifty dropped more than 5% (and Bank Nifty 6%) was back in March 2020.
Nifty May Fall Up To 15,800
After rising from 7,500 to over 18,000, the Nifty has been consolidating since mid-October 2021. Looking at the fall of the last 30 days, it seems like the Nifty could further correct from present levels.