Nifty is still trading sideways but slowing trading higher day-by-day making a new all time high each day. But it is currently trading forming a Rising Wedge pattern and once it breaks in the either direction - then the Nifty may rally following that direction.

Nifty has crossed above the rising wedge pattern which indicates a bullish market, but we need to wait for it to take support at the 23,500 level and then go up and if it falls below the 23,500 level then it might be a trap and we may see a bearish market ahead.

Nifty is looking positive but still consolidating within a Narrow range forming a Rising Wedge Pattern - indicating that the market is likely to fall in the near term.

Nifty has formed a higher high and higher low pattern indicates that there might be a bullish market ahead.

On the daily time frame Nifty made a shooting start candlestick which indicates a bearish market ahead. And also today the US Fed will announce its decision on the Interest rate and if there is no interest rate cut and no hope of any rate cut in the near term then we may see a heavy bearish market on Thursday 13th June 2024.

Market is eagerly waiting for the US Federal Decision on the Interest rate cut and most likely it will put the rate unchanged, putting pressure on the equity market.

After reaching a record high, Nifty faced losses and closed at 23,359.20 due to a decline in the Nifty IT Index. It is expected to consolidate with resistance at 23,500 and support at 23,200 - 23,000. The US job data suggests the Federal Reserve may not cut rates, putting pressure on global markets and possibly causing a negative bias in Indian markets too.

Nifty surged +468.75 points, reaching 23,338.70 near its all-time high, driven by the IT sector and a 2% rise across sectors. Following a positive streak, it is expected to open at 23,350 on June 10, pushed by the Prime Minister's inauguration. However, caution is advised if it dips below 23,200. FIIs' bullish activity also supports optimism.

Bulls are looking strong as of now, as Nifty recovers more than 1000 points in just 2 days, and as Narendra Modi is going to be the Prime Minister for the third time, then Market might takes it positively and we may see Nifty above 23,000 once again.

Nifty see heavy buying after a stupid fall on Tuesday, once again making it over the 22,600 level which is a good sign for the market. Looking ahead for tomorrow it might see a Volatile market taking the weekly expiry in account.

The Indian stock market experienced a significant downturn, with PSUs, energy, realty, and oil and gas sectors hit hard. The BJP government's weak performance and uncertainty due to election results drove this. Sectors aligned with a potential Congress government, such as IT, FMCG, and Pharma, saw varied performance. Tomorrow's Nifty is expected to be impacted by election results, potentially falling to around 21,500, although some support is evident. Intraday predictions and trading levels are outlined, with a recommendation to go short if the market falls below 21,800.

Nifty witnessed a bull run taking it over the 23,300 level after the exit polls predicted the continuation of the current government, and this rally may continue in the coming weeks if everything goes well as predicted, otherwise we may see some profit booking in the market.

Nifty has formed a symmetrical triangle pattern and waiting for a breakout and most probably it will break out in the upper side, as it has the 22,500 support level at the lower side.

On Friday, Nifty may try to break its losing streak, so we can see bullish market taking Nifty around the 22,600 level.

Nifty is likely to trade sideways with a negative bias on Thursday. But as today is the expiry we may see some volatility taking nifty up and down between 22,600 and 22,800 levels.

Nifty is likely to fall on Wednesday and may take support at the 22,800 level as sellers are looking strong on the higher levels.