NIFTY - A downfall is anticipated, Strongly…!

٧ يونيو ٢٠٢٤

The market rebounded from e- day crash but there is still a room for further correction as mentioned before, the market is expected to test its 50% Ret where the drawn extended T.Line also coincides (21,090 levels).
The month of june is expected to have a negative close but holding up of 22,455 becomes mandatory.
(i.e only in monthly charts & not in any higher timeframe charts)


P.S:
1. the supports for the fore coming downtrend will be @ 22,350 & 21,790
Any further collapse will lead to the aforementioned levels.

Trade accordingly.

٩ يونيو ٢٠٢٤

ملاحظة

If the market happens to breach 23,338,
look out for 23,490- 23507 levels to act as a strong resistance & the confidence of monthly close being negative is upheld & bolstered (there will be a correction in monthly time frame).

١٠ يونيو ٢٠٢٤

ملاحظة

Risk-averse traders may close the existing position & may take a new sell @ 23520 - 23560 levels,

١١ يونيو ٢٠٢٤

ملاحظة

The resistance and entry for a short trade will be at 23528 - 23638. The trendline coincides with the extensions

١٣ يونيو ٢٠٢٤

ملاحظة

Today's move will likely be the last in the sequence.

١٣ يونيو ٢٠٢٤

ملاحظة

Pro-active traders can enter the short at 23535 levels

١٣ يونيو ٢٠٢٤

ملاحظة

Watch the morning session closely, touching testing levels 23530-23545-23560.

١٣ يونيو ٢٠٢٤

ملاحظة

HOWEVER THE DAILY RESISTANCE IS PEGGED AT 23,570

١٣ يونيو ٢٠٢٤

ملاحظة

IMPORTANT: Today will be a negative close if the targets are not tested & the next session will be the final move.

١٣ يونيو ٢٠٢٤

ملاحظة

if the market plunges, the support will be as follows 23318,23157 & 23,035 (strong)~22960.

١٨ يونيو ٢٠٢٤

ملاحظة

This seems to be the day for a correction. watch out for levels 23,585~596 levels (can be expected to rebound in the morning session)

١٩ يونيو ٢٠٢٤

ملاحظة

Recent analysis reveals 2 possibilities,

١٩ يونيو ٢٠٢٤

ملاحظة

Currently, the market has chosen the 2nd possibility,

١٩ يونيو ٢٠٢٤

ملاحظة

the strong support where the final move is expected to begin.

٢٠ يونيو ٢٠٢٤

ملاحظة

However, the market is expected to take yesterday's high (by a small margin)

٢٠ يونيو ٢٠٢٤

ملاحظة

If the market declines watch out for 23,435 (23,413) & 23,381

٢١ يونيو ٢٠٢٤

ملاحظة

If I am not wrong, the market is expected to test yesterday's low 23,442,432,415.

٢١ يونيو ٢٠٢٤

ملاحظة

Always bear in mind that the market is strictly consolidating (always) preceding a breakout!!

٢٤ يونيو ٢٠٢٤

ملاحظة

One final move can be expected to test the previous high before the correction begins but by a minimal margin.

٢٥ يونيو ٢٠٢٤

ملاحظة

GIFT & NIFTY are +Ve, expectations of the final move remain valid, the stop is not definitive, and any significant move beyond 23,750 calls for an exit (highly unlikely).

٢٥ يونيو ٢٠٢٤

ملاحظة

The ongoing trend for the final move is expected to continue till the previous high is tested (23,667.10~23,674.00)

٢٥ يونيو ٢٠٢٤

ملاحظة

Presence of AMBIGUITY due to interim weekly correction, the market may extend its trend by a few weeks, eyeing 24,300 levels.TRADE WITH CAUTION

٢٥ يونيو ٢٠٢٤

تم إغلاق الصفقة يدويًا

If no short taken yet, hold the tendency to act &

٢٥ يونيو ٢٠٢٤

ملاحظة

If taken wait for a better position to exit (with minimal loss)