Nifty is looking week, ahead of US fed meeting as it forms a double top pattern around the 22,800 level, indicating further weakness in the market.
Nifty is bullish as of now as it crossed the resistance of 22,500 and 22,600 levels, hence we are looking for Nifty to make a new high this week.
Nifty 50 is looking for an up move on Monday, after we saw a 200 point loss on Friday from the day high in Nifty, after strong Quarterly Results of ICICI Bank and Other world markets are also trading in Green, indicating a Bullish move on Monday.
Nifty rallied 167 points on Thursday, and closed above the 22,500 level, indicates a Further Bullish Move.
Nifty is facing resistance from the upper level but buyers are not allowing Nifty to fall below, making market consolidated from the last 2 trading session.
Nifty is looking strong as of Now, but today's sideways market, questioning its further upside potential, because it is currently recovering from the previous selling.
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Nifty is looking Bullish and Gift Nifty also indicating a positive start for Monday, so we can go for Long Trades till 22,300 - 22,350
Nifty Bank is looking for reversal after making a Piercing Line Pattern on Daily Chart, after a huge 1000 points rally from the day low on Friday.
Nifty is turning bullish but it may be like a deer's thirst and a major fall is waiting, who knows. Anyway if Nifty breaks above 22,500 then we can see a rally towards new high, as it made a Piercing Line Pattern which is a Bullish Reversal Pattern.
Nifty makes a new all-time high of 22,765 on Tuesday, but wasn't able to hold the gains indicating further downside in the market.
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Bank Nifty is currently trading around its all-time high showing strength in the market, but it may test the 48,000 level to continue the uptrend.
Nifty is still trading in a range but we are eagerly looking for a breakout for any movement in the index. But RSI indicates a bearish sign.
Bank Nifty reclaims the 48,000 level but not looking like it can hold above it for too long as it formed a Hanging Man on the daily time-frame
Bank Nifty is facing resistance from the 47,700 level from the last three trading sessions, so we careful and take a look at the candles if it breaks this level of fall from here.
Nifty is trying to break the support level of 22,400 but rally in IT Stocks makes it move above and test the 22,500 level once again - forming a double top pattern.
All the Major Index is trading sideways ahead of RBI's Monetary Policy, and market may remains sideways till the Repo rate announcement on 5th April.
Bank Nifty is currently trading sideways, in a range of 47,700 and 47,500, and importantly the Index heavyweights is also losing their momentum.
Nifty is facing resistance from the 22,500 level once again, indicating a quick fall and also it's seems that Nifty is trying to make a Cup and Handle pattern.
Bank Nifty is not looking too appealing as today is the weekly and Monthly expiry of Nifty and Stocks. So we think Bank Nifty may trade in a range for today.