At Wealthe, we are compelled to work with utmost transparency & so we share our analysis daily. Use this information for educational purposes only.

• [Commented on 28th  April 2025, 8;42 AM]

    Range - 23824/24254. Extended range 1 -23469/24609, Extended range 2 -22852/25226

This index closed higher in green @ 24039 with high volume in the last session. Meaning the 24500 candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23650-24350 for the present expiry, Looks like Nifty will trade lower the entire week, DMA analysis indicate Support at 24050 & then 23800, From analysing price action of the last closing session on 15 min chart, We can confer Nifty will start lower, Overall chart analysis conveys a likely range of 23672-24600. Also note that Vix gained 5.6% and PCR is 0.7, falling, Max new Puts added at 24000 Max Calls added at 23500, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 28th  April 2025, 4:13 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 25th  April 2025, 8;46 AM]

    Range - 24040/24452. Extended range 1 -23701/24791, Extended range 2 -23112/25380

This index closed lower in red @ 24246 with low volume in the last session. Meaning the red candle formed  cannot be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23850-23650 for the next expiry. OI movement of the last 60 min indicate that trader are expecting subdued start, Looks like Nifty will trader lower the entire day, DMA analysis indicate Support at 24061, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open lower, Overall chart analysis conveys a likely range of24038-24450. Also note that Vix gained 1.8% and PCR is 0.8, falling, Max new Puts added at 24000 Max Calls added at 25500, Latest FII/DII activity indicate.

• • • [Last updated on 25th  April 2025, 4:53 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 24th  April 2025, 8;52 AM]

    Range -  23924/24326. Extended range 1 -23593/24657, Extended range 2 -23018/25232

This index closed higher in green @ 24125 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23800-24500 for the present expiry. OI movement of the last 60 min indicate that traders are expecting a positive start in the next session, Looks like Nifty will remain sideways or negative but that may be a buyin gopportunity, DMA analysis indicate 23600 will act as support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a lkely range of 23800-24321. Also note that Vix gained 0.3% and PCR is 1.1, rising, Max new Puts added at 24000 Max Calls added at 24200, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 24th  April 2025, 4:05 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 23th  April 2025, 9;03 AM]

    Range - 23933/24317. Extended range 1 -23616/24634, Extended range 2 -23066/25184

This index closed higher in green @ 24125 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23800-24500 for the present expiry. OI movement of the last 60 min indicate that traders are expecting a positive start in the next session, Looks like Nifty will remain sideways or negative but that may be a buyin gopportunity, DMA analysis indicate 23600 will act as support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a lkely range of 23800-24321. Also note that Vix gained 0.3% and PCR is 1.1, rising, Max new Puts added at 24000 Max Calls added at 24200, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 23th  April 2025, 4:27 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 22nd  April 2025, 8:58 AM]

    Range - 23929/24321. Extended range 1 -23606/24644, Extended range 2 -23046/25204

This index closed higher in green @ 24125 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23800-24500 for the present expiry. OI movement of the last 60 min indicate that traders are expecting a positive start in the next session, Looks like Nifty will remain sideways or negative but that may be a buyin gopportunity, DMA analysis indicate 23600 will act as support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a lkely range of 23800-24321. Also note that Vix gained 0.3% and PCR is 1.1, rising, Max new Puts added at 24000 Max Calls added at 24200, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 22nd  April 2025, 4:46 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 21st  April 2025, 8:14 AM]

    Range - 23657/24045. Extended range 1 -23338/24364, Extended range 2 -22784/24918

This index closed higher in green @ 24125 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23800-24500 for the present expiry. OI movement of the last 60 min indicate that traders are expecting a positive start in the next session, Looks like Nifty will remain sideways or negative but that may be a buyin gopportunity, DMA analysis indicate 23600 will act as support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a lkely range of 23800-24321. Also note that Vix gained 0.3% and PCR is 1.1, rising, Max new Puts added at 24000 Max Calls added at 24200, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 21st  April 2025, 4:35 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 17th  April 2025, 8:25 AM]

    Range - 23131/23525. Extended range 1 -22807/23849, Extended range 2 -22244/24412

This index closed higher in red @ 23328 with high volume in the last session. Meaning the Hanging Man candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23150-23550 for the present expiry. OI data of the last 60 min indicate that traders are expecting a lower start, Looks like Nifty will trade sideways to positive post opening the entire day, DMA analysis indicate 23117-23360 will act as support resistances, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys a likely range of 23117-23525. Also note that Vix cooled 20% and PCR is 0.8, rising, Max new Puts added at 23300 Max Calls added at 23500, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 17th  April 2025, 4:34 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 16th  April 2025, 8:52 AM]

    Range - 23131/23525. Extended range 1 -22807/23849, Extended range 2 -22244/24412

This index closed higher in red @ 23328 with high volume in the last session. Meaning the Hanging Man candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23150-23550 for the present expiry. OI data of the last 60 min indicate that traders are expecting a lower start, Looks like Nifty will trade sideways to positive post opening the entire day, DMA analysis indicate 23117-23360 will act as support resistances, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys a likely range of 23117-23525. Also note that Vix cooled 20% and PCR is 0.8, rising, Max new Puts added at 23300 Max Calls added at 23500, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 16th  April 2025, 4:12 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 15th  April 2025, 8:36 AM]

    Range - 22740/23068. Extended range 1 -22469/23339, Extended range 2 -21998/23810

This index closed higher in green @ 22535 with high volume in the last session. Meaning the Morning Star candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22200-22900 for the present expiry. OI movement in the last 60 min indicate that traders are expecting Nifty to start with negative sentiment, Looks like Nifty will try to remain sideways but sentiment will remain negative, DMA analysis indicate 22741 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower, Overall chart analysis conveys a likely range of 22100-22764. Also note that Vix cooled 10.3% and PCR is 0.6, falling, Max new Puts added at 21500 Max Calls added at 23000, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 15th  April 2025, 4:42 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 11th  April 2025, 8:52 AM]

    Range - 22740/23068. Extended range 1 -22469/23339, Extended range 2 -21998/23810

This index closed higher in green @ 22535 with high volume in the last session. Meaning the Morning Star candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22200-22900 for the present expiry. OI movement in the last 60 min indicate that traders are expecting Nifty to start with negative sentiment, Looks like Nifty will try to remain sideways but sentiment will remain negative, DMA analysis indicate 22741 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower, Overall chart analysis conveys a likely range of 22100-22764. Also note that Vix cooled 10.3% and PCR is 0.6, falling, Max new Puts added at 21500 Max Calls added at 23000, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 11th  April 2025, 4:14 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 09th  April 2025, 8:42 AM]

    Range - 22740/23068. Extended range 1 -22469/23339, Extended range 2 -21998/23810

This index closed higher in green @ 22535 with high volume in the last session. Meaning the Morning Star candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22200-22900 for the present expiry. OI movement in the last 60 min indicate that traders are expecting Nifty to start with negative sentiment, Looks like Nifty will try to remain sideways but sentiment will remain negative, DMA analysis indicate 22741 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower, Overall chart analysis conveys a likely range of 22100-22764. Also note that Vix cooled 10.3% and PCR is 0.6, falling, Max new Puts added at 21500 Max Calls added at 23000, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 09th  April 2025, 4:37 PM]

View Incorrect - Nifty closed  within the range forecasted.

• [Commented on 08th  April 2025, 8:32 AM]

    Range - 22740/23068. Extended range 1 -22469/23339, Extended range 2 -21998/23810

This index closed lower in red @ 22904 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22650-23150 for the next session. OI movement in the last 60 min indicate that traders are expecting a positive start, Looks like Nifty will trade with sideways to positive bias in 1st half and sideways in the 2nd half with limited downside, DMA analysis indicate 23117 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys . Also note that Vix gained 1.1% and PCR is 0.6, falling, Max new Puts added at 22500 Max Calls added at 23000, Latest FII/DII activity indicate a negative bias.

• • • [Last updated on 08th  April 2025, 4:52 PM]

View Incorrect - Nifty closed  within the range forecasted.

• [Commented on 07th  April 2025, 8:45 AM]

    Range - 22740/23068. Extended range 1 -22469/23339, Extended range 2 -21998/23810

This index closed lower in red @ 22904 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22650-23150 for the next session. OI movement in the last 60 min indicate that traders are expecting a positive start, Looks like Nifty will trade with sideways to positive bias in 1st half and sideways in the 2nd half with limited downside, DMA analysis indicate 23117 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys . Also note that Vix gained 1.1% and PCR is 0.6, falling, Max new Puts added at 22500 Max Calls added at 23000, Latest FII/DII activity indicate a negative bias.

• • • [Last updated on 07th  April 2025, 4:25 PM]

View Incorrect - Nifty closed  within the range forecasted.

• [Commented on 04th  April 2025, 8:38 AM]

    Range - 23084/23416. Extended range 1 -22812/23688, Extended range 2 -22337/24163

This index closed lower in green @ 23250 with average volume in the last session. Meaning the green candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22900-23600 for the present expity. OI movement in the last 60 min indicate that traders are expecting Nifty to start sideways in the next session, Looks like Nifty will remain sideways to lower the entire day, DMA analysis indicate 23117-23400 will act as support and resistance zone, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower, Overall chart analysis conveys a likely range of 23084-23600. Also note that Vix cooled 0.9% and PCR is 1, rising, Max new Puts added at 23000 Max Calls added at 24000, Latest FII/DII activity indicate .

• • • [Last updated on 04th  April 2025, 4:30 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 03th  April 2025, 8:48 AM]

    Range - 23165/23499. Extended range 1 -22889/23775, Extended range 2 -23409/24255

This index closed higher in green @ 23332 with high volume in the last session. Meaning the  candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23150-23450 for the present expiry. OI movement of the last 60 min indicate that traders are expecting Nifty to start sideways, Looks like Nifty will maintain sideways to positive bias the entire day before closing in positive mood, DMA analysis indicate 23285-23400 to act as support and resistance unless opeded gapup, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys a likely range of 23117 - 23577. Also note that Vix cooled 0.4% and PCR is 0.9, rising, Max new Puts added at 23200 Max Calls added at 2350, Latest FII/DII activity indicate a negarive mood.

• • • [Last updated on 03th  April 2025, 4:25 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 02nd  April 2025, 8:34 AM]

    Range - 23003/23327. Extended range 1 -22735/23595, Extended range 2 -22269/24061

This index closed higher in green @ 23591 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23200-24200 for the present expiry. OI movement in the last 60 min indicate that traders are expecting the next session to be sideways to slightly lower, Looks like Nifty will remain sideways to beign the day with and maybe volatile the 2nd half, DMA analysis indicate 23474 will act as support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a liekly range of 23250-23870. Also note that Vix cooled, 1.26% and PCR is 0.8, falling, Max new Puts added at 23500 Max Calls added at 24000, Latest FII/DII activity indicate.

• • • [Last updated on 02nd  April 2025, 4:05 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 01th  April 2025, 8:34 AM]

    Range - 23363/23675. Extended range 1 -23105/23933, Extended range 2 -22657/24381

This index closed sideways in red @ 23519 with average volume in the last session. Meaning the red candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23250-23850 for the present expiry. OI data of last 60 min indicate that traders are expecting Nifty to move up after a slightly lower start. We may see a gap up opening, Looks like Nifty will trade lower the entire day, DMA analysis indicate 23400 will act as support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will see a sideways to higher opening, Overall chart analysis conveys a liekly range of 23084-23869. Also note that Vix cooled, 4.4% and PCR is 0.8, falling, Max new Puts added at 23500 Max Calls added at 24000, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 01th  April 2025, 4:39 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 28th  March 2025, 8:34 AM]

    Range - 23427/23755. Extended range 1 -23156/24026, Extended range 2 -22685/24497

This index closed higher in green @ 23591 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23200-24200 for the present expiry. OI movement in the last 60 min indicate that traders are expecting the next session to be sideways to slightly lower, Looks like Nifty will remain sideways to beign the day with and maybe volatile the 2nd half, DMA analysis indicate 23474 will act as support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a liekly range of 23250-23870. Also note that Vix cooled, 1.26% and PCR is 0.8, falling, Max new Puts added at 23500 Max Calls added at 24000, Latest FII/DII activity indicate .

• • • [Last updated on 28th  March 2025, 4:39 PM]

View Incorrect - Nifty closed  within the range forecasted.

• [Commented on 27th  March 2025, 8:34 AM]

    Range - 23320/23652. Extended range 1 -23046/23926, Extended range 2 -22571/24401

This index closed lower in red @ 23486 with average volume in the last session. Meaning the red candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23350-23650 for the present expiry. OI movement of the last 60 min indicate that traders are expecting a lower start in the next session, Looks like Nifty will trader lower the entire day will fall increasing after opening, DMA analysis indicate 23403 will act as support unless opened gap down, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open lower, Overall chart analysis conveys a likely range of 23315-23920. Also note that Vix cooled, 1.2% and PCR is 0.8, falling, Max new Puts added at 23000 Max Calls added at 24000, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 27th  March 2025, 4:39 PM]

View Incorrect - Nifty closed  within the range forecasted.

• [Commented on 26th  March 2025, 8:37 AM]

    Range - 23500/23836. Extended range 1 -23222/24114, Extended range 2 -22739/24597

This index closed lower in green @ 23668 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23350-23950 for the present expiry. OI movement of the last 60 min indicate that traders are expecting a subdued start for the next session, Looks like Nifty will trade lower the entire day, DMA analysis indicate 23400 will act as support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will start lower, Overall chart analysis conveys a likerly range of 23400-23950. Also note that Vix cooled, 0.5% and PCR is 0.9, falling, Max new Puts added at 23000 Max Calls added at 24000, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 26th  March 2025, 4:45 PM]

View Incorrect - Nifty closed  within the range forecasted.

• [Commented on 25th  March 2025, 8:46 AM]

    Range - 23488/23828. Extended range 1 -23209/24107, Extended range 2 -22722/24594

This index closed higher in green @ 23658 with average volume in the last session. Meaning the green candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23400-24050 for the present expiry. OI movement in the last 60 min indicate that traders are expecting a sideways to positive next session, Looks like Nifty will remain sideways the entire day but move higher in 2nd half, DMA analysis indicate 23400 will act as strong support, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to positive, Overall chart analysis conveys a likely range of 23400 - 23828. Also note that Vix gained 9% and PCR is 1.1, rising, Max new Puts added at 23500 Max Calls added at 24500, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 25th  March 2025, 4:05 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 24th  March 2025, 8:29 AM]

    Range - 23197/23503. Extended range 1 -22945/23755, Extended range 2 -22507/24193

This index closed higher in green @ 23350 with high volume in the last session. Meaning the Bullish Engulfing candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 23100-23700 for the present expiry. OI miovement indicate slight profit booking but overall sentiment remain positive, Looks like Nifty will remain sideways the entire week but sentiment remains positive, DMA analysis indicate 23270-23358 will act as support & resistance zone, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a likely range f 22945-23686. Also note that Vix coolec 0.2% and PCR is 1.1, falling, Max new Puts added at 23000 Max Calls added at 24000, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 24th  March 2025, 4:10 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 21th  March 2025, 8:45 AM]

    Range - 23037/23343. Extended range 1 -22785/23595, Extended range 2 -22347/24033

This index closed higher in green @ 23190 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22850-23550 for the present expiry. OI movement of the last 60 minutes indicate that traders will try to hold further up move of Nifty in the next session, Looks like Nifty will trade sideways to lower the entire day with limited downside, DMA analysis indicate 23000-24000 will remain support and resistance zone respectively, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will start lower to sideways, Overall chart analysis conveys a likely range of 23000-23400. Also note that Vix coolec 5.6% and PCR is 1.1, falling, Max new Puts added at 23000 Max Calls added at 23500, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 21th  March 2025, 4:17 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 20th  March 2025, 8:28 AM]

    Range - 22676/22992. Extended range 1 -22416/23252, Extended range 2 -21964/23704

This index closed higher in green @ 22834 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22600-23100 for the present expiry. Last 60 min OI movement indicate that traders are expecting Nifty to remain bullish in the next session, Looks like Nifty will remain sideways most of the day before closing higher, DMA analysis indicate 22623 - 22992 will act as support and resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to positive, Overall chart analysis conveys a likely range of 22674-22994. Also note that Vix cooled 1.5% and PCR is 1.4, rising, Max new Puts added at 22600 Max Calls added at 23000, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 20th  March 2025, 4:30 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 19th  March 2025, 8:28 AM]

    Range - 22676/22992. Extended range 1 -22416/23252, Extended range 2 -21964/23704

This index closed higher in green @ 22834 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22600-23100 for the present expiry. Last 60 min OI movement indicate that traders are expecting Nifty to remain bullish in the next session, Looks like Nifty will remain sideways most of the day before closing higher, DMA analysis indicate 22623 - 22992 will act as support and resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to positive, Overall chart analysis conveys a likely range of 22674-22994. Also note that Vix cooled 1.5% and PCR is 1.4, rising, Max new Puts added at 22600 Max Calls added at 23000, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 19th  March 2025, 4:30 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 18th  March 2025, 8:48 AM]

    Range - 22350/22666. Extended range 1 -22090/22926, Extended range 2 -21637/23379

This index closed lower in red @ 22397 with average volume in the last session. Meaning the red candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22000-23500 for the present expiry, Nifty is likely to trade lower the entire day post opening, DMA analysis indicate 22610 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open down unless threre is a gap up, Overall chart analysis conveys a likely range of 22337-22678. Also note that Vix cooled 3% and PCR is 1, rising, Max new Puts added at 22000 Max Calls added at 23500, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 18th  March 2025, 4:20 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 17th  March 2025, 8:12 AM]

    Range - 22242/22552. Extended range 1 -21987/22087, Extended range 2 -21544/23250

This index closed lower in red @ 22397 with average volume in the last session. Meaning the red candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22000-23500 for the present expiry, Nifty is likely to trade lower the entire day post opening, DMA analysis indicate 22610 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open down unless threre is a gap up, Overall chart analysis conveys a likely range of 22337-22678. Also note that Vix cooled 3% and PCR is 1, rising, Max new Puts added at 22000 Max Calls added at 23500, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 17th  March 2025, 4:36 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 13th  March 2025, 8:39 AM]

    Range - 22332/22662. Extended range 1 -22060/22934, Extended range 2 -21588/23406

This index closed higher in green @ 22497 with high volume in the last session. Meaning the Piercing Line candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22350-22750 for the present expiry. OI movement in the last 60 min indicate that traders are not convinced on the upmove in the last session, Looks like Nifty will trade higher in 1st half post opening but will take a pause in early 2nd half before resuming upmove again in the closing, DMA analysis indicate 22461-22486 will act as support zone unless opens gap down, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty may open higher, Overall chart analysis conveys a likely range of 22330-22678. Also note that Vix gained 0.6% and PCR is 1, rising, Max new Puts added at 22400 Max Calls added at 22700, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 13th  March 2025, 4:12 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 12th  March 2025, 8:48 AM]

     Range - 22332/22662. Extended range 1 -22060/22934, Extended range 2 -21588/23406

This index closed higher in green @ 22497 with high volume in the last session. Meaning the Piercing Line candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22350-22750 for the present expiry. OI movement in the last 60 min indicate that traders are not convinced on the upmove in the last session, Looks like Nifty will trade higher in 1st half post opening but will take a pause in early 2nd half before resuming upmove again in the closing, DMA analysis indicate 22461-22486 will act as support zone unless opens gap down, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty may open higher, Overall chart analysis conveys a likely range of 22330-22678. Also note that Vix gained 0.6% and PCR is 1, rising, Max new Puts added at 22400 Max Calls added at 22700, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 12th  March 2025, 4:45 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 11th  March 2025, 8:28 AM]

     Range - 22295/22625. Extended range 1 -22024/22896, Extended range 2 -21552/23368

This index closed lower in red @ 22460 with average volume in the last session. Meaning the Inverted Hammer candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22200-22700 for the present expiry. OI movement in the last 60 min indicate that traders hope Nifty will recover from the lows but they lack confidence in the upmove, Looks like Nifty will trade lower the entire day, DMA analysis indicate 22666 will act as support/resistance, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open sideways to lower, Overall chart analysis conveys a ikely range of 22266-22666. Also note that Vix gained 3.8% and PCR is 0.8, falling, Max new Puts added at 22000 Max Calls added at 22700, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 11th  March 2025, 4:26 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 10th  March 2025, 8:28 AM]

     Range - 22393/22711. Extended range 1 -22130/22974, Extended range 2 -21673/23431

This index closed sideways in green @ 22552 with average volume in the last session. Meaning the green candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22300-22900 for the present expiry. OI movement in the last 60 min indicate that traders are cautiously bullish for the next session, Looks like Nifty will trade lower post opening in the 1st half and early 2nd half but may recover slightly or move sideways in the closing hours, DMA analysis indicate 22434-22489 will act as support-resistance zone, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a likely range of 22385-22711. Also note that Vix cooled 1.9% and PCR is 1.3, rising, Max new Puts added at 22300 Max Calls added at 22800, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 10th  March 2025, 4:26 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 07th  March 2025, 8:28 AM]

     Range - 22382/22706. Extended range 1 -22116/22972, Extended range 2 -21652/23436

This index closed higher in green @ 22544 with high volume in the last session. Meaning the Hammer candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22250-22850 for the present expiry. OI movement in the last 60 mintutes indicate that traders are epecting a slightly positive opening, Looks like Nifty will remain sideways in 1st half before moving higher in the 2nd half, DMA analysis indicate 22475 will as support and 22700 as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys a likely range of 22382-22706. Also note that Vix cooled 0.4% and PCR is 1.3, rising, Max new Puts added at 22500 Max Calls added at 23000, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 07th  March 2025, 4:26 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 06th  March 2025, 8:35 AM]

     Range - 22178/22496. Extended range 1 -21916/22758, Extended range 2 -21460/23214

This index closed higher in green @ 22337 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22150-22550 for the present expity. OI movement in the last 60 minutes indicates that traders are expecting a subdued next session, Looks like Nifty will remain sideways to positive, DMA analysis indicate 22459 will act as resistance and 22290 will act as support unless opened gaup up/down, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys a likely range of 22178-22718. Also note that Vix cooled 1.2% and PCR is 1, rising, Max new Puts added at 22200 Max Calls added at 22550, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 06th  March 2025, 4:12 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 05th  March 2025, 8:48 AM]

     Range - 21922/22242. Extended range 1 -21659/22505, Extended range 2 -21202/22962

This index closed loer in green @ 22082 with average volume in the last session. Meaning the green candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 21850-22350 for the present expiry. OI movement in the 60 minutes indicate that traders are not positive about the next session, Looks like Nifty start trading higher in the inital hour and then move sideways the entire day, DMA analysis indicate 22266 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys a likely range of 21850-2226. Also note that Vix cooled 0.5% and PCR is 0.8 falling, Max new Puts added at 21500 Max Calls added at 22300, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 05th  March 2025, 4:49 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 04th  March 2025, 8:38 AM]

     Range - 21960/22278. Extended range 1 -21699/22539, Extended range 2 -21244/22994

This index closed sideways in red @ 22119 with average volume in the last session. Meaning the red candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of a likely range of 21900-22400 for the present expiry. OI movement in the last 60 minutes indicate that trades are expecting a sideways to slightly lower next session, Looks like Nifty will move in positive territory in the initial hours post opening, which will reduce towards end of the session, DMA analysis indicate 22358 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Overall chart analysis conveys a likely range of 21960-22358. Also note that Vix cooled 1% and PCR is 0.7 rising, Max new Puts added at 21900 Max Calls added at 22400, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 04th  March 2025, 4:39 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 03rd  March 2025, 8:27 AM]

    Range - 21963/22285. Extended range 1 -21698/22550, Extended range 2 -21236/23012

This index closed lower in red @ 22124 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 21900 - 22300 for the present expiry. OI movement in the last 30 min indicated traders are expecting a recovery in the next session, Looks like market will remain sideways the entire day post opening, DMA analysis indicate 22477 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways in the next session, Overall chart analysis conveys a likely range of 21962-22285. Also note that Vix gained 4.5% and PCR is 0.66 falling, Max new Puts added at 21800 Max Calls added at 2500, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 03rd  March 2025, 4:19 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 28th  February 2025, 8:18 AM]

    Range - 22388/22702. Extended range 1 -22129/22961, Extended range 2 -21679/23411

This index closed sideways in red @ 22545 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22300-22600 for the present expiry. OI movement in the last 60 min indicate that traders expect sidweways to lower move in the next session, Looks like Nifty will trade sideways to lower the entire day with limited downside, DMA analysis indicate 22654 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower in the next session, Overall chart analysis conveys a likely range of 22388-22709. Also note that Vix cooled 3% and PCR is 0.8, rising, Max new Puts added at 22500 Max Calls added at 22600, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 28th February 2025, 4:28 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 27th  February 2025, 8:28 AM]

    Range - 22385/22709. Extended range 1 -22119/22975, Extended range 2 -21655/23439

This index closed sideways in green @ 22547 with high volume in the last session. Meaning the Inverted Hammer candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22400-22700 for this expiry. As per the OI data movement in lat 60 min, It appears traders expect a sideways to slightly lower opening but a recovery post opening, Looks like Nifty will remain sideways & range bound the entire day, DMA analysis indicate 22700 will act as a strong resistance, From analysing price action of the last closing session on 15 min chart, We can confer that Nifty will open sideways to slightly higher, Overall chart analysis conveys a likely range of 22385-22710. Also note that Vix cooled 5% and PCR is 0.6, rising, Max new Puts added at 22500 Max Calls added at 22700, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 27th February 2025, 4:18 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 25th  February 2025, 8:39 AM]

    Range - 22383/22723. Extended range 1 -22103/23003, Extended range 2 -21615/23491

This index closed lower in 22553 with average volume in the last session. Meaning the red candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22400-22800 for this expiry. OI movement in the last 60 min convey that traders have gone with a sideways opening & slight recovery there after, Looks like Nifty will move sideways lower post opening the entire day, DMA analysis indicate 22789 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open sideways , Overall chart analysis conveys a likely range of 22383-22723. Also note that Vix cooled 0.6% and PCR is 0.6, falling, Max new Puts added at 22550 Max Calls added at 22600, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 25th February 2025, 4:45 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 24th  February 2025, 8:46 AM]

    Range - 22622/22968. Extended range 1 -22337/23253, Extended range 2 -21841/23749

This index closed lower in red @ 22795 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22450-23150 for the present expiry. OI movement in the last 60 min convery that traders are positive about the of next session, Looks like Nifty may open slightly higher but will trade with negative bias the entire day, DMA analysis indicate 23907-23010 will act as resistance zone, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open sideways, Overall chart analysis conveys a likely range of 22622-22968. Also note that Vix cooled 1% and PCR is 0.7, falling, Max new Puts added at 22500 Max Calls added at 23100, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 24th February 2025, 4:32 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 21th  February 2025, 8:38 AM]

    Range - 22737/23089. Extended range 1 -22446/23380, Extended range 2 -21941/23885

This index closed lower in green @ 22913 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22600-23300 for this expiry. OI movement in the last 60 minutes indicate that traders are expecting a positive move in the next session, Looks like Nifty will have subdued move in the 1st half post opening but move in positive direction in 2nd half, DMA analysis indicate 22963-23057 is likely to act as resistance zone, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty is likely to open higher than today's close, Overall chart analysis conveys a liekly range of 22728-23150. Also note that Vix cooled 4.8% and PCR is 0.8, rising, Max new Puts added at 22300 Max Calls added at 23500, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 21th February 2025, 4:15 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 20th  February 2025, 8:26 AM]

    Range - 22747/23117. Extended range 1 -22442/23422, Extended range 2 -21913/23951

This index closed lower in green @ 22932 with low volume in the last session. Meaning the green candle formed  cannot be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22700-23100 for this expiry. OI movement in the last 30 min indicate that traders are cautiously bullish for the next session, Looks like Nifty will remain volatile the entire day by trading lower in the initial hours and closing with recovery, DMA analysis indicate 22988-23090 will as a resistance zone, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Overall chart analysis conveys a likely range of 22750-23120. Also note that Vix cooled 1.6% and PCR is 0.7, falling, Max new Puts added at 22800 Max Calls added at 23100, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 20th February 2025, 4:45 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 19th  February 2025, 8:36 AM]

    Range - 22756/23134. Extended range 1 -22445/23445, Extended range 2 -21905/23985

This index closed lower in red @ 22945 with low volume in the last session. Meaning the Hammer candle formed  cannot be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22700-23200 for this expiry. OI movement in the last 30 min indicate that traders are cautiously bullish for the next session, Looks like Nifty will cautiously trade in sideways to positive direction the entirey day with momentum rising towards end of the session, DMA analysis indicate 23015-23125 will act as a resistance zone, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower, Overall chart analysis conveys a likely range of 22750-23135. Also note that Vix cooled 0.4% and PCR is 0.8, falling, Max new Puts added at 22700 Max Calls added at 23200, Latest FII/DII activity indicate a positive mood.

• • • [Last updated on 19th February 2025, 4:25 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 18th  February 2025, 8:58 AM]

    Range - 22770/23148. Extended range 1 -22459/23459, Extended range 2 -21918/24000

This index closed higher in green @ 22959 with low volume in the last session. Meaning the green candle formed  cannot be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22700-23300 for this expiry. OI movement in    the last 30 minutes indicate traders are positive about the next session, Looks like Nifty will open lower and then remain sideways      to positive the entire day giving an inside candle, DMA analysis indicate 23050-23164 will act as a resistance zone, From analysing         price action of the last closing session on 15 min chart, we can confer that Nifty is likely to open sideways to lower, Overall chart    analysis conveys a likely range of 22770-23150. Also note that Vix gained 0.5% and PCR is 0.8, rising, Max new Puts added at 22600    Max Calls added at 23700, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 18th February 2025, 4:45 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 17th  February 2025, 8:55 AM]

     Range - 22748/23110. Extended range 1 -22449/23409, Extended range 2 -21930/23928 

    This index closed lower in red @ 22929 with average volume in the last session. Meaning the red candle formed   can be trusted for     the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22600-23300 for the present expiry, Looks like Nifty may remain sideways or try to recover the entire session. The set up is that of a lower opening, DMA analysis indicate 23096-23210 will act as a zone of resistance, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty is likely to open sideways to lower, Overall chart analysis conveys a likely range of 22650-23110. Also note that Vix gained 0.4% and PCR is 0.8, rising, Max new Puts added at 22500 Max Calls added at 23300, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 17th February 2025, 4:35 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 14th  February 2025, 8:45 AM]

     Range - 22865/23225. Extended range 1 -22569/23521, Extended range 2 -22054/24036 

This index closed lower in red @ 23031 with average volume in the last session. Meaning the Inverted Hammer candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22650-24050 for present expiry. OI movement for the last 30 min indicate week opening, Looks like Nifty will move downwards in the 1st couple of hours then move sideways and even show slight recovery before closing low, DMA analysis indicate 23220-23400 is a resistance zone, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty is likely to open lower then the close in last session, Overall chart analysis conveys a likely range of 22787-23211. Also note that Vix gained 0.4% and PCR is 0.8, rising, Max new Puts added at 22000 Max Calls added at 24000, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 14th February 2025, 4:25 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 13th  February 2025, 8:42 AM]

     Range - 22865/23225. Extended range 1 -22569/23521, Extended range 2 -22054/24036 

This index closed sideways in red @ 23045 with average volume in the last session. Meaning the hammer candle formed  can be trusted for the next session. 

 Imp data points - Options activity indicate that this Index can remain within a range of 22850-23250. OI movement of last 30min indicate positive sentiment for the next opening, Looks like Nifty will move positive to sideways in the 1st half but will lose momentum towards end of the day, DMA analysis indicate 23250 will act as resistance, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty is likely to open higher than today's close, Overall chart analysis conveys a likerly range of 22787-23225. Also note that Vix gained 0.17% and PCR is 0.5, falling, Max new Puts added at 22500 Max Calls added at 23600, Latest FII/DII activity indicate a negarive mood.

• • • [Last updated on 13th February 2025, 4:55 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 12th  February 2025, 8:32 AM]

     Range - 22892/23250. Extended range 1 -22597/23545, Extended range 2 -22085/24057

This index closed lower in red @ 23071 with average volume in the last session. Meaning the red candle formed  can be trusted for the next session. 

Imp data points - Options activity indicate that this Index can remain within a range of 22800-23400. OI movement indicate in the closing hours of last session indicate a positive sentiment for opening in the next session, Looks like after moving higher in the early hours of trade post opening Nifty will move sideways to lower in 2nd half, DMA analysis indicate 23400 will act as strong resistance, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open sideways to positive, Overall chart analysis conveys a likely range of 22930-23250. Also note that Vix gained 2.9% and PCR is 0.5, falling, Max new Puts added at 22700 Max Calls added at 23300, Latest FII/DII activity indicate a negative mood.

• • • [Last updated on 12th February 2025, 4:45 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 11th  February 2025, 8:45 AM]

     Range - 23390/23728. Extended range 1 -23111/24007, Extended range 2 -22627/24491

This index closed lower in red @ 23559 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23390-23728 Also note that Vix coolec 3.5% PCR - 0.8 falling, Latest FII/DII activity indicate a slightly negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty may open slightly higher, Max Puts added at 23200 Max Calls added at 23800, Options activity indicate that ths Index can remain within a range of 23300-23900 for the day. It appears Nifty will trade with a positive sentiment, DMA analysis - 23564-23668 will act as a resistance zone, Looks like after moving sidewasys to higher in the early hours of trade post opening, Nifty may move sideways to lower in 2nd half.

• • • [Last updated on 11th February 2025, 4:15 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 10th  February 2025, 8:55 AM]

     Range - 23390/23728. Extended range 1 -23111/24007, Extended range 2 -22627/24491

This index closed lower in red @ 23559 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23390-23728 Also note that Vix coolec 3.5% PCR - 0.8 falling, Latest FII/DII activity indicate a slightly negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty may open slightly higher, Max Puts added at 23200 Max Calls added at 23800, Options activity indicate that ths Index can remain within a range of 23300-23900 for the day. It appears Nifty will trade with a positive sentiment, DMA analysis - 23564-23668 will act as a resistance zone, Looks like after moving sidewasys to higher in the early hours of trade post opening, Nifty may move sideways to lower in 2nd half.

• • • [Last updated on 10th February 2025, 4:35 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 7th  February 2025, 8:35 AM]

Range - 23429/23777. Extended range 1 -23141/24065, Extended range 2 -22642/24564

This index closed lower in red @ 23603 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23420-23850 for the day Also note that Vix gained 0.7% PCR - 0.8 falling, Latest FII/DII activity indicate a negarive mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty is likely to open sideways or slightly higher, Max Puts added at 22500 Max Calls added at 24500, Options activity indicate that ths Index can remain within a range of 23250-24050 for next couple of days. Looking at the OI data movement, it appears Nifty may open flat and then see pressure. Fresh call writing seen at 23600 & 23700, DMA analysis - 23620-23660 will act as resistance zone. Nifty closed below 200 EMA with high volume is negative, Looks like Nifty will trade with positive sentiment in the 1st half post opening and then move sideways to lower.

• • • [Last updated on 7th February 2025, 4:35 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 6th  February 2025, 8:40 AM]

Range - 23521/23871. Extended range 1 -23233/24159, Extended range 2 -22731/24661

This index closed lower in red @ 23696 with low volume in the last session. Meaning the red candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23500-23870 Also note that Vix gained 0.43% PCR - 0.9 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower, Max Puts added at 23500 Max Calls added at 23700, Options activity indicate that ths Index can remain within a range of 23500-23800. Looking at the OI data movement, it appears Nifty may see pressure post opening. 23700 & 23800 will act as strong resistances, DMA analysis - 23500 will act as strong support. Downside looks restricted since there are multiple supports in 23550-23660 zone, leading indicators suggest we may trend lower in the 1st half after opening and then stabilise lower only.

• • • [Last updated on 6th February 2025, 3:51 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 5th  February 2025, 8:40 AM]

Range - 23565/23913. Extended range 1 - 23278/24200, Extended range 2 - 22780/24698

This index closed higher in green @ 23739 with high volume in the last session. Meaning the Morning Star candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23500-23913 Also note that Vix cooled 2.3% PCR - 1.1 rising, Latest FII/DII activity indicate a positive mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open sideways to higher unless there is a news based gap up/down, Max Puts added at 23500 Max Calls added at 23800, Options activity indicate that ths Index can remain within a range of 23500-23900. From OI movement, it appears Nifty may trade with positive sentiment, DMA analysis - 23660 will act as support unless opened gap down,  Looks like we may see a positive start whose pace will increase towards day close.

• • • [Last updated on 5th February 2025, 4:05 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 4th  February 2025, 8:35 AM]

Range - 23185/23537. Extended range 1 - 22894/23828, Extended range 2 - 22390/24332

This index closed lower in green @ 23361 with high volume in the last session. Meaning the Hammer candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23185-23620 Also note that Vix gained 1.8% PCR - 0.74 falling, Latest FII/DII activity indicate a likely negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty may open sideways to higher, Max Puts added at 23300 Max Calls added at 23500, Options activity indicate that ths Index can remain within a range of 23250-23550. Looking at the OI movement, it appears Nifty will trade higher, DMA analysis - 23341-23618 will act support & resistance with 20 & 200 EMAs placed,  It appears Nifty will trade sideways to lower.

• • • [Last updated on 4th February 2025, 4:05 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 3rd  February 2025, 8:45 AM]

Range - 23310/23654. Extended range 1 - 23026/23938, Extended range 2 - 22533/24431

This index closed lower in red @ 23482 with average volume in the last session. Meaning the red candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23310 - 23654 Also note that Vix cooled 613% PCR - 0.76 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty is likely to open sideways, Max Puts added at  Max Calls added at, Options activity indicate that ths Index can remain within a range of 23200-23800, DMA analysis - 23340-23620 will act as support & reistance with 20 & 200 EMAs placed, It appears Nifty will trade slower post opening in initial hours and then move sideways, finally close sideways to positive.

• • • [Last updated on 3rd February 2025, 4:15 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 1st  February 2025, 8:25 AM]

Range - 22937/23389. Extended range 1 - 22566/23760, Extended range 2 - 21919/24407

This index closed higher in green @ 23163 with low volume in the last session. Meaning the Bullish Kicker candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22937-23389 Also note that Vix gained 2.5% PCR - 1 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty may open sideways to higher, Max Puts added at 22500 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 22900-23500. It appears Nifty may open sideways and then move higer with volatility, DMA analysis - 20 EMA resistance at 23311, Looks like Nifty will trade sideways in the initial hours & then move higher during the day,

• • • [Last updated on 1st February 2025, 4:35 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 31th January 2025, 8:25 AM]

Range - 23037/23461. Extended range 1 - 22688/23810, Extended range 2 - 22081/24417

This index closed higher in green @ 23249 with high volume in the last session. Meaning the  candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22985-23450 Also note that Vix cooled 6.7% PCR - 0.75 rising, Latest FII/DII activity indicate a likely negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty may open higher, Max Puts added at 23200 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 22700-2400. As per OI data movement, it appears Nifty will open higher and then remain sideways, DMA analysis - Support and resistance at 23154-23300 unless opens gap up/down, Looks like Nifty will move upwards cautiously in the 1st half and pick momentum in the 2nd half

• • • [Last updated on 31th January 2025, 4:35 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 30th January 2025, 8:25 AM]

Range - 22937/23389. Extended range 1 - 22566/23760, Extended range 2 - 21919/24407

This index closed higher in green @ 23163 with low volume in the last session. Meaning the Bullish Kicker candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22937-23389 Also note that Vix gained 2.5% PCR - 1 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty may open sideways to higher, Max Puts added at 22500 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 22900-23500. It appears Nifty may open sideways and then move higer with volatility, DMA analysis - 20 EMA resistance at 23311, Looks like Nifty will trade sideways in the initial hours & then move higher during the day

• • • [Last updated on 30th January 2025, 4:50 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 29th January 2025, 8:25 AM]

Range - 22738/23176. Extended range 1 - 22378/23536, Extended range 2 - 21751/24163

This index closed higher in red @ 22957 with high volume in the last session. Meaning the Doji candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23176-22738 Also note that Vix gained 0.3% PCR - 0.9 rising, Latest FII/DII activity indicate  a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty may open sideways, Max Puts added at 22000 Max Calls added at 23700, Options activity indicate that ths Index can remain within a range of 22700-23300. It appears Nifty will trade with a negative sentiment, DMA analysis - 23018-23127 will act as resistance zene with 5&10 EMA placed, Nifty's direction is unclear. It has formed a doji which is reflects indecision in traders.

• • • [Last updated on 29th January 2025, 3:50 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 28th January 2025, 8:45 AM]

Range - 22613/23045. Extended range 1 - 22256/23402, Extended range 2 - 21636/24022

This index closed lower in red @ 22829 with average volume in the last session. Meaning the red candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23045-22520 Also note that Vix gained 8.3% PCR - 0.7 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty may open slightly in positive, Max Puts added at 22000 Max Calls added at 23000, Options activity indicate that ths Index can remain within a range of 22450-23250, It appears Nifty will trade with a positive bias, DMA analysis - 23050 will act as resistance with 5 EMA placed, Looks like we may see slight recovery in the 1st half but Nifty will eventually trade sideways to lower later in the day.

• • • [Last updated on 28th January 2025, 3:43 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 27th January 2025, 8:29 AM]

Range - 22890/23294 . Extended range 1 - 22557/23627, Extended range 2 - 21979/24205

This index closed lower in red @ 23092 with average volume in the last session. Meaning the red candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22890-23294 Also note that Vix gained 0.3% PCR - 0.7 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we cacn confer Nifty will open slightly in positive, Max Puts added at 22000 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 22750-23450, It appears Nifty will start with slight recovery and then trade with a sideways sentiment,  DMA analysis - 23240-23425 will act as resistance zone with 10&50 EMA placed,looks like Nifty will remain volatile & trade with negative bias.

• • • [Last updated on 27th January 2025, 4:28 PM]

View correct - Nifty closed  within the range forecasted.

• [Commented on 24th January 2025, 8:26 AM]

Range - 23002/23408. Extended range 1 -22668/23742, Extended range 2 -22086/24324

This index closed lower in green @ 23205 with average volume in the last session. Meaning the green candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22950-23450 Also note that Vix cooled 0.5% PCR - 0.9 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty may open sideways to posittive, Max Puts added at 22000 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 22850-23650. It appears Nifty will open sideways & then trade with some negative sentiment, DMA analysis - 23194-23272 will act as a resistance zone with 5 & 10 EMA placed, Looks like Nifty will remain sideways within a range and close may be higher than day's low. 

• • • [Last updated on 24th January 2025, 4:26 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 23rd January 2025, 8:54 AM]

Range - 22953/23357. Extended range 1 - 22619/23691, Extended range 2 -22039/24271

This index closed lower in green @ 23155 with average volume in the last session. Meaning the bullish harami candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22950-23340 Also note that Vix cooled 1.7% PCR - 0.5 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open in positive territory, Max Puts added at 23000 Max Calls added at 23500, Options activity indicate that ths Index can remain within a range of 23000-23300. It appears Nifty will open sideways to positive and then trade with positive sentiment entire day,

 DMA analysis - 10 EMA @ 23287 will act as resistance, looks like Nifty will trade in positive direction in early hours post which it will remain positive to sideways.

• • • [Last updated on 23rd January 2025, 4:54PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 22nd January 2025, 8:35 AM]

Range - 22819/23229. Extended range 1 - 22481/23567, Extended range 2 -21894/24154

This index closed lower in red @ 23024 with high volume in the last session. Meaning the bearish engulfing candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22818-23229 Also note that Vix gained 4% PCR - 0.6 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open slightly higheror sideways, Max Puts added at 22500 Max Calls added at 23500,  Options activity indicate that ths Index can remain within a range of 22750-23400. Nifty may open with slight positivity but is likely to trade with negative sentiment, DMA analysis - 5 EMA resistance at 23200, It appears Nifty may open slightly higher but will remain lower only the entire session.

• • • [Last updated on 22nd January 2025, 5:35PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 21st January 2025, 8:32 AM]

Range - 23144/23544. Extended range 1 - 22813/23875, Extended range 2 - 22239/24449

This index closed higher in green @ 23344 with high volume in the last session. Meaning the Bullish Kicker candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23050-23550 Also note that Vix gained 4.2% PCR - 1 rising, Latest FII/DII activity indicate, From analysing price action of the last closing session on 15 min chart, we can confer Nifty can start lower, Max Puts added at 23000 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 23050-23650. Going by option activity in last 1 hour of session today it, looks like Nifty will trade with  a negative sentiment in the next session, DMA analysis - 23382 will act as resistance with 10 EMA placed, it appears Nifty wil trade lower the entire before closing sideways or down. We may see a gap up opening.

• • • [Last updated on 21st January 2025, 4:28PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 18th January 2025, 8:25 AM]

Range - 23144/23544. Extended range 1 - 22813/23875, Extended range 2 - 22239/24449

This index closed loer in red @ 23203 with average volume in the last session. Meaning the red candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23400-23025 Also note that Vix gained 1.7% PCR - 0.8 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Max Puts added at 22700 Max Calls added at 23500, Options activity indicate that ths Index can remain within a range of 22900-23600. It appears Nifty will open with a negative sentiment & later decide its trend post opening, DMA analysis - 23380 will act as resistance, looks like Nifty will start trading sideways and then move to positive territory before closing sideways to lower again.

• • • [Last updated on 18th January 2025, 5:15PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 17th January 2025, 8:25 AM]

Range - 23122/23500. Extended range 1 - 22810/23812, Extended range 2 - 22268/24354

This index closed higher in red @ 23311 with high volume in the last session. Meaning the  candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23126 - 23670 Also note that Vix gained 1.4% PCR - 0.9 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to positive in the next session, Max Puts added at 23200 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 22900-23700. It appears Nifty will open gap up and then go sideways, DMA analysis - resistance at 23440 unless Nifty opens gap up, It appears Nifty will trade in positive territory the entire day.

• • • [Last updated on 17th January 2025, 5:15PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 16th January 2025, 8:15 AM]

Range - 22901/23269. Extended range 1 - 22597/23573, Extended range 2 - 22069/24101

This index closed higher in red @ 23213 with low volume in the last session. Meaning the spinning top candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23475-23900 Also note that Vix cooled 1.4% PCR - 0.7 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Max Puts added at 23200 Max Calls added at 23300, Options activity indicate that ths Index can remain within a range of 23050-23350. Looks like Nifty will trade with a positive bias in the next session but a deeper dip in days to come cannot be ruled out, DMA analysis - resistance at 23300, it appears Nifty will have a humble start and then gain positive momentum in middle of the day. It may again go slow in the closing session but is expected to close in higer.

• • • [Last updated on 16th January 2025, 4:15PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 15th January 2025, 8:25 AM]

Range - 22898/23272. Extended range 1 - 22589/23581, Extended range 2 - 22052/24118

This index closed higher in green @ 23176 with high volume in the last session. Meaning the Bullish Harami candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22900-23500 Also note that Vix cooled 3.3% PCR - 0.6 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to higher, Max Puts added at 23000 Max Calls added at 23500, Options activity indicate that ths Index can remain within a range of 23050-23450. Looks like Nifty will trade with a positive bias, DMA analysis - 23350 will act as resistance, Nifty is likely to trade in green the entire day.

• • • [Last updated on 15th January 2025, 4:18PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 14th January 2025, 8:30 AM]

Range - 22892/23278. Extended range 1 - 22573/23579, Extended range 2 - 22019/24151

This index closed lower in red @ 23085 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 22880-23400 Also note that Vix gained 7.3% PCR - 0.6 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open lower, Max Puts added at 23000 Max Calls added at 23500, Options activity indicate that ths Index can remain within a range of 22850-23450. Looks like Nifty will trade with sideways to negative bias, DMA analysis - 23428 will act as resistance, It appears Nifty will show slight recovery in the initial hour but will trade sideways to negative the entire day with a limited downside.

• • • [Last updated on 14th January 2025, 4:38PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 13th January 2025, 8:40 AM]

Range - 23248/23614. Extended range 1 - 22947/23915, Extended range 2 - 22423/24439

This index closed loer in red @ 23431 with average volume in the last session. Meaning the red candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23255-23810 Also note that Vix gained 1.8% PCR - 0.8 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty may open sideways to posittive, Max Puts added at 23000 Max Calls added at 23800, Options activity indicate that ths Index can remain within a range of 23150-23750. It appears Nifty will open with a positive sentiment but will turn sideways to negative eventually during the end, DMA analysis - 23440 will act as 50 Wk aupport & 23600/23700 will act as resistances, looks like Nifty will show recovery the entire day but close in red.

• • • [Last updated on 13th January 2025, 4:18PM]

View incorrect - Nifty closed within the range forecasted.

• [Commented on 10th January 2025, 8:30 AM]

Range - 23345/23707. Extended range 1 - 23046/24006, Extended range 2 - 22528/24524

This index closed lower in red @ 23526 with average volume in the last session. Meaning the red candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23332-23780 Also note that Vix gained 1.3% PCR - 0.65 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open sideways to slightly higher, Max Puts added at 22500 Max Calls added at 24500, Options activity indicate that ths Index can remain within a range of 23250-23950. It appears Nifty will trade with a sideways to negative bias, DMA analysis - 23700 will act as resistance and 23450 will act as support, looks like Nifty will trade higher the entire day but will fall in the closing session.

• • • [Last updated on 10th January 2025, 4:38PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 9th January 2025, 8:38 AM]

Range - 23508/23868. Extended range 1 - 23212/24164, Extended range 2 - 22696/24680

This index closed higher in red @ 23688 with average volume in the last session. Meaning the hammer candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23560-23976 Also note that Vix cooled 1.3% PCR - 0.7 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower in the next session, Max Puts added at 23500 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 23550-23850. It appears Nifty will trade with negative sentiment, DMA analysis - 23811 will act as resistance and 23700 will act as strong support/resistance, looks like Nifty will trade lower the entire day while closing sideways to higher at day end.

• • • [Last updated on 9th January 2025, 4:18PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 8th January 2025, 8:18 AM]

Range - 23526/23888. Extended range 1 - 23227/24187, Extended range 2 - 22708/24706

This index closed higher in green @ 23707 with high volume in the last session. Meaning the Bullish Harami candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23500-23986. We may see a gap up opening with Nifty closing higher than previous close eveni though day trade will be with negative sentiment Also note that Vix cooled 6.3% PCR - 0.7 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to negative, Max Puts added at 23200 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 23450-23950. It appears Nifty will trade with a negative sentiment, DMA analysis - 23838 will act as resistance & 23700 will act as sttong support/resistance, Looks like Nifty will remain sideways to negative the entire day.

• • • [Last updated on 8th January 2025, 4:56PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 7th January 2025, 8:28 AM]

Range - 23808/24200. Extended range 1 - 23485/24523, Extended range 2 - 22932/25085

This index closed loer in red @ 23616 with igh volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23485-23990 Also note that Vix gained 15.6% PCR - 0.5 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to positive in the next session, Max Puts added at 23000 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 23250-24050. Looks like Nifty will trade with positive bias, DMA analysis - 23700 will act as resistance with 200 EMA unless opened gap up, It appears Nifty will trade in positive territory in the inital hours but will fall the entire day. We may see a gap up opening.

• • • [Last updated on 7th January 2025, 4:56PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 6th January 2025, 8:08 AM]

Range - 23824/24174. Extended range 1 - 23555/24453, Extended range 2 - 23069/24939

This index closed lower in red @ 24004 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23834 - 24440 Also note that Vix cooled 1.4% PCR - 0.7 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open lower, Max Puts added at 23700 Max Calls added at 24200, Options activity indicate that ths Index can remain within a range of 23700-24300. Looks like Nifty will trade with a sideways bias, DMA analysis - 23923 & 24912 will act as support and resistance, it appears Nifty will trade lower the entire day but down side will be limited.

• • • [Last updated on 6th January 2025, 4:36PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 3th January 2025, 8:10 AM]

Range - 24015/24361. Extended range 1 - 23728/24648, Extended range 2 - 23231/25145

This index closed higher in green @ 24188 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24000-24350 Also note that Vix cooled 5.3% PCR - 1.3 rising, Latest FII/DII activity indicate Indecisive mood, From analysing price action of the last closing session on 15 min chart, Nifty may open lowe, Max Puts added at 23000 Max Calls added at 25000, Options activity indicate that ths Index can remain within a range of 23650-24450. It appears Nifty will dip a bit before resuming higer levels, DMA analysis - 24018 & 24221 will act as support and resistnace with 20 & 50 EMA placed, it appears Nifty will trade lower in the initial hours then move sideways to positive before closing higher in green.

• • • [Last updated on 3th January 2025, 3:26PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 2nd January 2025, 8:18 AM]

Range - 23465/23823. Extended range 1 - 23169/24119, Extended range 2 - 22654/24634

This index closed higher in green @ 23742 with low volume in the last session. Meaning the green spinning top candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23690 - 23850 Also note that Vix gained 0.4% PCR - 1 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open in positive territory, Max Puts added at 23500 Max Calls added at 24100, Options activity indicate that ths Index can remain within a range of 23550-34050. Looks like Nifty will trade with a negative sentiment, DMA analysis - 23690 & 23850 will act as support resistance with 200 & 10 EMA placed, it appears Nifty will trade sideways to positive in the initial hours and then trend higher the entire day.

• • • [Last updated on 2nd January 2025, 4:56PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 1th January 2025, 8:38 AM]

Range - 23465/23823. Extended range 1 - 23169/24119, Extended range 2 - 22654/24634

This index closed higher in green @ 23742 with low volume in the last session. Meaning the green spinning top candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23690 - 23850 Also note that Vix gained 0.4% PCR - 1 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open in positive territory, Max Puts added at 23500 Max Calls added at 24100, Options activity indicate that ths Index can remain within a range of 23550-34050. Looks like Nifty will trade with a negative sentiment, DMA analysis - 23690 & 23850 will act as support resistance with 200 & 10 EMA placed, it appears Nifty will trade sideways to positive in the initial hours and then trend higher the entire day

• • • [Last updated on 1th January 2025, 3:56PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 31st December 2024, 8:45 AM]

Range - 23472/23816. Extended range 1 -23188/24100, Extended range 2 -22695/24593

This index closed lower in red @ 23644 with high volume in the last session. Meaning the bearish kicker candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23972-23430 Also note that Vix gained 5.6% PCR - 0.8 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower in the next session, Max Puts added at 23200 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 23400-24000. It appears Nifty will trade with a positive sentiment, DMA analysis - 23690 will act as resistance unless Nifty opens gap up, looks like Nifty will trade in positive territory in the initial hours and move sideways to lower during the day before closing lower.

• • • [Last updated on 28th November 2023, 3:43 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 30th December 2024, 8:29 AM]

Range - 23648/23978. Extended range 1 -23377/24249, Extended range 2 -22906/24720

This index closed higher in green @ 23813 with low volume in the last session. Meaning the bullish kicker candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23660-24000 Also note that Vix cooled 5.7% PCR - 0.9 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open lower, Max Puts added at 23500 Max Calls added at 25000, Options activity indicate that ths Index can remain within a range of 23600-24200. Looks like Nifty will trade with a negative sentiment, DMA analysis - 24826 will act as reisistance with 5 EMA placed, It appears Nifty will open gap down and then will show recovery, which will increase in the 2nd half and close will be around days high.

• • • [Last updated on 30th December 2024, 4:48 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 27th December 2024, 8:19 AM]

Range - 23553/23901. Extended range 1 -23266/24188, Extended range 2 -22768/24686

This index closed higher in red @ 23750 with low volume in the last session. Meaning the spinning top candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23400-23980 Also note that Vix gained 6.5% PCR - 0.9 rising, Latest FII/DII activity indicate mild positive mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to positive in the next session, Max Puts added at 22500 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 23550-24050. Looks like Nifty will trade with a positive sentiment, DMA analysis - 23845 will act as resistance with 5 EMA, It appears Nifty will trade in a positive territory the entire day.

• • • [Last updated on 27th December 2024, 3:53 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 26th December 2024, 8:45 AM]

Range - 23564/23890. Extended range 1 -23296/24158, Extended range 2 -22830/24624

This index closed lower in red @ 23727 with low volume in the last session. Meaning the inverted hammer candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23550-23975 Also note that Vix cooled 2.5% PCR - 0.9 rising, Latest FII/DII activity indicate mild negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to lower in the next session, Max Puts added at 23500 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 23550-23950. Looks like Nifty will trade with a positive sentiment, DMA analysis - 23875j will act as resistance with 5 EMA placed, it appears Nifty will trade lower in the start then stabilize and finally close lower with limited downside.

• • • [Last updated on 26th December 2024, 3:53 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 24th December 2024, 7:45 AM]

Range - 23585/23921. Extended range 1 -23308/24198, Extended range 2 -22827/24679

This index closed higher in green @ 23753 with low volume in the last session. Meaning the bullish harami candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23400-24175 Also note that Vix cooled 10% PCR - 0.8 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open in positive territory, Max Puts added at 23500 Max Calls added at 24000, Options activity indicate that ths Index can remain within a range of 23500-24000. It appears Nifty will trade with a positive sentiment, DMA analysis - 23950 will act as resistance with 5 EMA placed, Looks like Nifty will trade with a sideways to positive bias and close in positive territory

• • • [Last updated on 24th December 2024, 3:50 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 23th December 2024, 8:45 AM]

Range - 00000/00000. Extended range 1 -00000/00000, Extended range 2 -00000/00000

Nifty closed in Red with a Shooting Star candle indicating a down movement, but downside looks limited since Vix cooled by about 4.5% & we have multiple supports on the down side. Also, By the time Nifty remains within the upwards trending channel, trades on the long side can be taken with SL of the bottom of the channel.

• • • [Last updated on 23th December 2024, 4:20 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 20th December 2024, 8:30 AM]

Range - 00000/00000. Extended range 1 -00000/00000, Extended range 2 -00000/00000

Nifty closed in Red with a Shooting Star candle indicating a down movement, but downside looks limited since Vix cooled by about 4.5% & we have multiple supports on the down side. Also, By the time Nifty remains within the upwards trending channel, trades on the long side can be taken with SL of the bottom of the channel.

• • • [Last updated on 20th December 2024, 4:50 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 18th December 2024, 8:25 AM]

Range - 24154/24518. Extended range 1 -24020/24652, Extended range 2 -23853/24819

This index closed lower in red @ 24336 with high volume in the last session. Meaning the red candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys  Also note that Vix gained 3,3% PCR - 0.5 falling, Latest FII/DII activity indicate very negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will start in a negative territory, Max Puts added at 23900 Max Calls added at 25000, Options activity indicate that ths Index can remain within a range of 24100-24600. It appears Nifty is trying to find support here and may start in green, DMA analysis - 24450 will act as strong resistance with 50 & 100 EMA placed, Nifty is likely to recover in the initial trading session and then stablize before closing in red.

• • • [Last updated on 18th December 2024, 4:15 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 17th December 2024, 8:25 AM]

Range - 24586/24950. Extended range 1 -24453/25083, Extended range 2 -24286/25250

This index closed lower in red @ 24668 with low volume in the last session. Meaning the bearish harami candle formed  cannot be trusted for the next session.

Imp data points - Chart analysis conveys a likely range of 24450-24950 Also note that Vix gained 7.4% PCR - 0.8 falling, Latest FII/DII activity indicate a slightly negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to positve and even gap up, Max Puts added at 24000 Max Calls added at 25000, Options activity indicate that ths Index can remain within a range of 24400-25000. Looks like Nifty will trade with a positive bias with a limited down side, DMA analysis - 24430 will act as a strong support with 20 EMA placed, it appears Nifty will move in both directions with a limited downside.

• • • [Last updated on 17th December 2024, 4:15 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 16th December 2024, 8:30 AM]

Range - 24599/24937. Extended range 1 -24474/25062, Extended range 2 -24319/25217

This index closed higher in green @ 24768 with high volume in the last session. Meaning the bullish engulfing candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys  Also note that Vix cooled 1% PCR - 1 rising, Latest FII/DII activity indicate, From analysing price action of the last closing session on 15 min chart, we can confer Nifty ill opewn in positive territory, Max Puts added at 24500 Max Calls added at 25100, Options activity indicate that ths Index can remain within a range of 24450-25150. Looks like Nifty will trade with a positiv sentiment, DMA analysis - 24650 will act as support with 5 DMA, it appears Nifty will trade higher the entiere day with lo closing sideway to stagle stable.

• • • [Last updated on 16th December 2024, 4:25 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 12th December 2024, 8:50 AM]

Range - 24469/24813. Extended range 1 -24343/24939, Extended range 2 -24186/25096

This index closed higher in green @ 24641 with low volume in the last session. Meaning the bullish harami candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24450-24810 Also note that Vix cooled 3.7% PCR - 0.7 rising, Latest FII/DII activity indicate a slightly nbegative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways to positive in the next session, Max Puts added at 24500 Max Calls added at 24700, Options activity indicate that ths Index can remain within a range of 24500-24800. It appears Nifty is forming base and will trade range bound, DMA analysis - 5 EMA support at 24590, looks like Nifty will have a low day with a sideways closure. A surprise upmove can be expceted as well.

• • • [Last updated on 12th December 2024, 4:25 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 11th December 2024, 8:30 AM]

Range - 24441/24797. Extended range 1 -24310/24928, Extended range 2 -24147/25091

This index closed lower in red @ 24610 with average volume in the last session. Meaning the hammer candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24600-24800 Also note that Vix cooled 2.3% PCR - 0.7 falling, Latest FII/DII activity indicate a slightly nbegative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open in positive terriroty, Max Puts added at 24000 Max Calls added at 25000, Options activity indicate that ths Index can remain within a range of 24350-24850. It appears Nifty will stabilize & trade with positive sentiment, DMA analysis - Support at 24573 with 5 EMA, lookls like Nifty will open with slight gap up & give both sides move alternatively in and within 1st & 2nd halves overall closing sideways or lower than open.

• • • [Last updated on 11th December 2024, 4:25 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 10th December 2024, 8:25 AM]

Range - 24437/24801. Extended range 1 -24303/24935, Extended range 2 -24137/25101

This index closed lower in red @ 24619 with low volume in the last session. Meaning the spinning wheel candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24450-24950 Also note that Vix cooled 0.2% PCR - 0.75 falling, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Max Puts added at 24000 Max Calls added at 24700, Options activity indicate that ths Index can remain within a range of 24300-24900. It appears Nifty will trade with a positive sentiment, DMA analysis - support at 24550 with 5 EMA placed, looks like Nifty will trade higher in 1st half but may see profit booking in the 2nd half.

• • • [Last updated on 10th December 2024, 4:40 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 9th December 2024, 8:30 AM]

Range - 24495/24859. Extended range 1 -24361/24993, Extended range 2 -24194/25160

This index closed lower in red @ 24677 with low volume in the last session. Meaning the red candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24500-24970 Also note that Vix cooled 2.7% PCR - 0.9 falling, Latest FII/DII activity indicate a slighty negative mood, From analysing price action of the last closing session on 15 min chart, we can confer that nifty will open sideways, Max Puts added at 24000 Max Calls added at 25000, Options activity indicate that ths Index can remain within a range of 24350-25050. It appears Nifty will trade with a positive sentiment, DMA analysis - 24548 will act as a strong support with 50 DMA placed, looks like Nifty will slow down to catch up with the averages & trade lower the entire day.

• • • [Last updated on 9th December 2024, 4:15 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 6th December 2024, 8:30 AM]

Range - 24520/24896. Extended range 1 -24382/25034, Extended range 2 -24210/25206

This index closed higher in green @ 24708 with high volume in the last session. Meaning the bullish kicker candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24355-25035 Also note that Vix gained 0.5% PCR - 1.13 rising, Latest FII/DII activity indicate a positive mood, From analysing price action of the last closing session on 15 min chart, we may confer Nifty may open gap up and then see slight profit booking, Max Puts added at 24500 Max Calls added at 25500, Options activity indicate that ths Index can remain within a range of 24250-25150. It appears Nifty will trade with a slighty negative sentiment with limited downside, DMA analysis - 24573 will act as support as 50 DMA, looks like Nifty will trade downwards in the initial session and then give both side moves finally settling for a sideways to positive close, Maybe a a gap up opening and close can be lower than opening.

• • • [Last updated on 6th December 2024, 4:25 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 5th December 2024, 8:30 AM]

Range - 24281/24653. Extended range 1 -24144/24790, Extended range 2 -23974/24960

This index closed higher in red @ 24467 with high volume in the last session. Meaning the spinning top candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24270-24730 Also note that Vix gained 0.5% PCR - 1.1 falling, Latest FII/DII activity indicate a positive mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty will open sideways, Max Puts added at 23800 Max Calls added at 24750, Options activity indicate that ths Index can remain within a range of 24200-24700. Looks like Nifty will trade with a positive sentiment, DMA analysis - 24250 & 24600 will act as support & resistance respectively with 5 & 50 DMA placed, it appears Nifty will trade lower during the day but close positive to sideways.

• • • [Last updated on 5th December 2024, 4:25 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 4th December 2024, 8:38 AM]

Range - 24274/24640. Extended range 1 -24139/24775, Extended range 2 -23971/24943

This index closed higher in green @ 24457 with high volume in the last session. Meaning the green candle formed  can be strongly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24277-24640 Also note that Vix cooled 2.2% PCR - 1.28 rising, Latest FII/DII activity indicate a positive mood, From analysing price action of the last closing session on 15 min chart, we can confer that Nifty will open higher, Max Puts added at 23500 Max Calls added at 24900, Options activity indicate that ths Index can remain within a range of 24150-24750. It appears Nifty will trade with caution on the upside, DMA analysis - 24210 & 24624 will act as support support and resistance respectively with 5 & 200 DMA placed, Looks like Nifty will trade slightly lower in till early 2nd half & then rise in the closing session.

• • • [Last updated on 4th December 2024, 4:15 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 3th December 2024, 8:32 AM]

Range - 24089/24463. Extended range 1 -23952/24600, Extended range 2 -23780/24772

This index closed higher in green @ 24276 with low volume in the last session. Meaning the green candle formed  cannot be trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 23975-24600 Also note that Vix gained 1.9% PCR - 1.18 rising, Latest FII/DII activity indicate a negative mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty may open on a positive note and then dip, Max Puts added at 24000 Max Calls added at 24800, Options activity indicate that ths Index can remain within a range of 23950-24650. Looks like Nifty will trade with a negative sentiment, DMA analysis - 20 DMA provinding support at 23985, it appears Nifty will maintain a sideways pivot and move both sides unpredictably.

• • • [Last updated on 3th December 2024, 4:18 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 2th December 2024, 8:10 AM]

Range - 23774/24094. Extended range 1 -23601/24227, Extended range 2 -23436/24392

This index closed higher in green @ 24131 with average volume in the last session. Meaning the bullish harami candle formed  can be mildly trusted for the next session. 

Imp data points - Chart analysis conveys a likely range of 24400-23600 Also note that Vix cooled 5.1% PCR - 0.97 rising, Latest FII/DII activity indicate both sides mood, From analysing price action of the last closing session on 15 min chart, we can confer Nifty may open sideways, Max Puts added at 24000 Max Calls added at 2500, Options activity indicate that ths Index can remain within a range of 23850-23550. Looks like Nifty may dip slightly before moving higher, DMA analysis - Support at 23981 with 20 DMA and resistance at 24131 with 5 DMA placed, looks like Nifty will remain sideways the entire day & give both side moves.

• • • [Last updated on 2th December 2024, 4:20 PM]

View correct - Nifty closed within the range forecasted.

• [Commented on 31st October 2023, 8:31 AM]

Close likely to be in range - 19024/19255. Extended range 1 - 18939/19340, Extended range 2 - 18833/19446.

Nifty gave a green candle showing resilience at the lower levels but with a low volume. It has reached near middle of the channel which can act as a resistance. A third green candle in the next trading session will give a lot of respite to the traders. But traders need caution since the channel is downtrending anyways & Nifty can fall to 200 DMA at slightest negative news.

Possible trade: Stay away till market gives a follow up conirmation candle to the last green candle.

• • • [Last updated on 31st October 2023, 4:29 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 30th October 2023, 8:52 AM]

Close likely to be in range - 18938/19155. Extended range 1 - 18858/19225, Extended range 2 - 18761/19332.

The bears took some rest in the last trading session. Maybe since the markets were extremely oversold. There was no selling towads the closing - Looks like traders are confident of carrying positions over the weekend even though there is an imp event lined up on the other side. In fact the closing was near days high. Maybe we can see a positive next session. On the flip side, historically whenever Nifty has approached 200 DMA, it has never gone back up without trading below it for a couple of sessions. Lets see if this time could be an exception.

• • • [Last updated on 30th October 2023, 4:48 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 27th October 2023, 8:45 AM]

Close likely to be in range - 18443/18670. Extended range 1 - 18260/18853, Extended range 2 - 18360/18753.

Nifty closed at day's low with a strong bearish Marubozu candle. The volumes were very high today (can be because of expiry as well though) confirming the negative trend. Nifty seems to be moving towards 200 DMA at 19600 levels. The fact that Nifty is extremely oversold can be the only saving grace to avert it from falling further.

• • • [Last updated on 27th October 2023, 3:47 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 26th October 2023, 8:37 AM]

Close likely to be in range - 19008/19235. Extended range - 18926/19317.

The only data point favouring an up market is that Nifty is around oversold levels. Every other data point leads to a further possible down move. Nifty has formed a downtrending channel. Nifty filled the 1st gap at 19190 & is likely to fill the next gap at 19000 soon before moving to further down towards 18875/18820 zone. Brent & bullion cooleed off but market seems to have discounted it.

• • • [Last updated on 26th October 2023, 4:47 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 25th October 2023, 8:38 AM]

Close likely to be in range - 19171/19390. Extended range - 19090/19471.

Nifty saw around 300 points down move in the last trading session and formed a Bearish Kicker candle with close under 100 DMA, but with a low volumes. Nifty is at a critical support level and risk reward ratio is in favour of bulls but if this level breaks on closing basis, Nifty can open to fill gaps at 19170 and then at 19000 in coming days. Brent & bullion has cooled down a bit & can give some relief from the falling Nifty. On the upside we can see a recovery of around 70-80 points as per Options data but that should be trusted only if closing candle negates the Bearish Kicker.

• • • [Last updated on 25th October 2023, 3:49 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 23rd October 2023, 8:37 AM]

Close likely to be in range - 19512/19735. Extended range - 19429/19818.

Bears likely to drive market down or reasons listed below -

1. Nifty closed uder 50 DMA, which will act as a resisatance now

2. Gravestone doji candle pattern indicates further down move. We should wait for a confirmation candle though in the next session before taking major directional decisions.

3. Lower high lower low formed by Bank Nifty

We are likely to see 19430 soon on the downside, while 19780 looks difficult to break  on the upside.

• • • [Last updated on 23rd October 2023, 3:49 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 20th October 2023, 8:29 AM]

Closely likely to be in range - 19512/19735. Extended range - 19429/19818

Strong resistances of 20 & 50 DMA in 19623-19659. Unless there is a gap up, Nifty will struggle to go past 19660. For any meaningful upward movement, 19700 should go past on hourly chart. Volumes were decent Nifty formed a near Inverted hammer. Downside support is there at 19500 & 19430 for now. Be cautious in taking trades.

• • • [Last updated on 20th October 2023, 3:51 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 19th October 2023, 8:56 AM]

Close likely to be in range - 19558/19783. Extended range - 19476/19865.

Nifty gave an unexpected downward move of 180 points due to global unrest. Low volumes in the last 2-3 days was hinting this maybe. The major support of 19700 was also broken. Now the next support is at 19600 & then 19550 and 19800 on the upside.

• • • [Last updated on 19th October 2023, 4:55 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 18th October 2023, 8:24 AM]

Close likely to be in range - 19700/19921. Extended range - 19618/20003.

Bearish Harami formed in the previous session was negated today by a bullish hammer. The volumes are slightly better than yesterday's session. We again saw Indiavix cooling by another 3.5%. All these indicate a restricted downside. Nifty took resistance at the middle of the newly identified upwads channel. No major red flags today. We have seen stock reacting to results after a day or two. If HDFC Bank runs tomorrow, we have see shosrtcovering in Nifty post 19850.

• • • [Last updated on 18th October 2023, 3:34 PM]

View incorrect - Nifty closed between within the range forecasted.

• [Commented on 17th October 2023, 8:24 AM]

Close likely to be within - 19616/19845. Extended range - 19533/19928.

Low volumes, Bearish Harami candlestick pattern and unwinding of 1.4 Cr puts, all indicuate that Nifty will go lower from present levels. The only saving grace is a 4% jump in Indiavix indicating a restricted down side, which is expcted will about 19700. That said, nifty has formed a small uptrending channel and risk reward seems in favour of bulls. HFDC bank results are also good, if it provides leadership to Bank Nifty, Nifty cn can also move upwards. Oveall, it appears to be an uptrending or a sideways market.

• • • [Last updated on 17th October 2023, 4:36 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 16th October 2023, 8:44 AM]

Close likely to be within 19641/19860. Extended range - 19561/19940.

Nifty closed just above 20 DMA and has support of 50 DMA at 19607. Nifty closed in green with a high volume on 13th Oct. There was some nervousness at 19800 levels through. Looks like bulls want to eliminate all doubts before moving back into the channel. That's why it came down to fill the left gap. Such things conveys the upward momemtum is going to be high whenever the breakout comes. Traders are still not advised to become complacent through since there is global unrest. Also, there has been times when US market reacts on bad news after a day (remember their inflation no.s were not good on 12th Oct) Bullion & Crude is also on the rise again.c

• [Commented on 13th October 2023, 8:41 AM]

Closing range likely to be - 19684/19903. Extended range - 19603/19984.

Nifty got rejection from 19840 levels on both 11th & 12th Oct and formed a spinning top candle in the last session, meaning indecision. Indiavix cooled off by another 3.3% today indicating a limited downside. Overall appears to be a sideways move on 13th Oct. Nothing much to read into OI date since today was expiry. At this juncture, Nifty is capable of giving a break out into the uptrending channel or can come down to fill the gap till 19700. Trade basis price action around max pain area during the day or step away for a day. 

IT can be a mood spoiler in the next session as well and it does so, we can see Nifty come down till 19700 to fill the gap.

• • • [Last updated on 13th October 2023, 3:36 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 12th October 2023, 8:34 AM]

Closing likely in range - 19572/19805. Extended range - 19488/19889.

Nifty is well placed to enter the long uptrending channel again & resume it journey towards all time high. The conviction is based on the following points from the session on 11th Oct -

-Support at 20 DMA

-Vix cooled off by 2.5%

-PCR slightly down to 1.2

-Put writer support at 19800

If something goes wrong (IT sector can be a mood spoiler), we can see Nifty come down till 19700 to fill the gap.

• • • [Last updated on 12th October 2023, 3:38 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 11th October 2023, 8:54 AM]

Close likely in range - 19572/19805. Extended range - 19488/19889.

The volumes have returned to the market. Short covering on 10th Oct has given the momentum Nifty needed to get back into the uptrending channel. But I will wait for another day's candle before concluding on direction bias for Nifty. Especially since PCR is aruond 1.3 now, giving an indiation of an oversold market. 19770 & then 19810 will act as a resistance on the upside. Downside seems restricetd to 19425.

• • • [Last updated on 11th October 2023, 4:38 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 10th October 2023, 8:44 AM]

Close likely in range - 19547/19748. Extended range - 19469/19836.

Nifty again closed with a low volume and an indecision candle just above the downward channel. There is some kind of support zone at 19460-19520. If this is broken on the down side, we can easily see 19400 or lower lower levels. Upside has resistane at 19655. 

• • • [Last updated on 10th October 2023, 4:38 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 9th October 2023, 8:38 AM]

Close likely in range -19547/19758. Extended range - 19469/19836.

Extremely low volumes with an indecision candle again calls for a caution. A confirmation candle in the next session is important to be studied to confirm an up/down trend. Nifty might come down to fill the gap at 19575 before resuming upward journey or directly move into the uptrending channel. The latter looks unlikely though in a single session. Downside also looks restricted to about 80-100 points only for the next session.

• • • [Last updated on 9th October 2023, 3:39 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 6th October 2023, 8:39 AM]

Close likely in range - 19547/19758. Extended range - 19469/19836.

Nifty formed a spinning top candle today conveying an indecision but since it occured at a downtrend, it is likely to give ccnotrol to the bulls tomorrow and a short covering cannot be ruled out if global markets support. That said, 19600-19620 is a strong resistance zone where 50 DMA is placed. 19350 is unlikely to bebroken on the down side.

• • • [Last updated on 6th October 2023, 3:49 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 5th October 2023, 9:01 AM]

Close likely in range - 19317/19554. Extended range - 19231/19640.

Nifty bounced from lower level of the newly formed channel and faced resistance from its middle, ending up to form a Hammer today. This indicates that we can have a bullish day on 5th Oct. 19500-19550 is likely to act as a resistance zone on the up side, while down side should be restricted to 19350 which is the lower levels for 4th Oct.

• • • [Last updated on 5th October 2023, 4:49 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 4th October 2023, 8:47 AM]

Close likely in range - 19407/19648. Extended range - 19319/19736.

The Bullish Harami candlestick pattern is negated with today's negative close. This is the first time after Mar 23 that Nifty has broken the channel. Note that the magnitude of up/down, movement once a channel is broken, is directly proportionate to the time the indes has spent in the channel. Nifty has formed a new downward channel on hourly time frame. We can see 19430 or even 19300 levels if Nifty doesn't close above 19750 soon. 50 DMA is also a resistance now for Nifty.

• • • [Last updated on 4th October 2023, 4:49 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 3rd October 2023, 8:49 AM]

Close likely in range - 19520/19755. Extended range - 19433/19842.

Nifty went far inside the channel in the last trading session but failed to hold & closed just below it in later 2nd half, overall forming a bullish harami pattern. That said, we need to see a confirmation candle today to confirm an upside directional move. Cannot be complacent with Nifty since it closed below the channel for the 2nd day.

• • • [Last updated on 3rd October 2023, 4:41 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 29th September 2023, 8:59 AM]

Close likely to be in range - 19392/19653. Extended range - 19296/19749

Very high volumes, bearish engulfing candle, close below 50 DMA & close below bottom of the channel yesterday indicates bears got a good grip on market. That said, will wait for confirmation candle before taking any directional decision on Nifty.

• • • [Last updated on 29th September 2023, 4:45 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 28th September 2023, 8:38 AM]

Close likely to be in range - 19596/18835. Extended range - 19508/19923

Nifty closed at day's high yesterday indicating that bulls are still in control but caution has to be maintained since below average volume indicate lack of confidence from big hands. Though we got a bullish engulfing candle and a close above previous day's close, we have 20 SMA at 19758, which will act as resistance. Wait for a confirmation candle today to take major trading decisions on direction of Nifty. 

• • • [Last updated on 28th September 2023, 4:35 PM]

View correct - Nifty closed between within bottom of range 1 & 2.

• [Commented on 27th September 2023, 8:50 AM]

Close likely to be in range - 19549/19780. (Extended range - 19465/19862)

Below average volume on 2nd consecutive day yesterday tells that traders are being cautious & waiting for clarity on the government shutdown issue in the US. Rising dollar index & US bond yields are another reason of concern. Nifty is likely to test the bottom of the channel and touch 19600 which is a strong support. If this level holds, we can see a bounce of around 100 points from this level. Chartically, risk reward is in favour of bulls unless 19600 is broken down on a 4 hour time frame.

• • • [Last updated on 27th September 2023, 3:50 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 26th September 2023, 8:57 AM]

Close likely to be in range - 19561/19786. (Extended range - 19479/19868)

Looking at the low volume yesterday, no wonder we closed with a doji. Clearly the big hands are waiting for clarity on the government shutdown in the US. Closing again at the same spot on 2 consecutive days conveys support at that level. Anyways the long formed channel will not be easy to break. But once done, we can extreme selling. That said volatility may continue. View today is negative to sideways for closing.

• • • [Last updated on 26th September 2023, 4:10 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 25th September 2023, 8:52 AM]

Close likely to be in range - 19564/19783. (Extended range - 19484/19863)

Looks like Nifty will test bottom of the channel from where slight recovery can be expected. If the channel is broken on the downside on weekly basis, we can see massive long unwinding. 

• • • [Last updated on 25th September 2023, 4:07 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 22nd September 2023, 8:50 AM]

Close likely to be in range - 19630/19853. (Extended range - 19548/19935)

Market is negatively biased now in medium to short term. That said, rate of decline for Nifty should reduce from here. We can even expect slight buying around the strong support level of 19542, if we reach there.

• • • [Last updated on 21st September 2023, 3:38 PM]

View correct - Nifty closed between within the range forecasted.

• [Commented on 21st September 2023, 9:02 AM]

Close likely to be in range - 19785/20016. (Extended range - 19594/20207)

Nifty has some support at middle of the channel & once that is broken, we can even see 19715 in next 1-2 sessions. 10 DMA is at 19950 and a strong resistance on the upside. Options data suggest upside has another strong resistance at 20050.

P.S. - Had mentioned on 13th Sep analysis that pressure on Nifty may continue and have been mentioning caution on up trending days as well since then.  

• • • [Last updated on 21st September 2023, 4:04 PM]

View correct - Nifty closed between low of day range 1 & 2.

• [Commented on 20th September 2023, 8:45 AM]

Likely range for the day - 20019/20246.

Fall in broader market was more than that Nifty's closing represented in the last session. Clearly its time to trade Index and/or selective stocks. Traders are cautious due to rising brent, dollar index & ahead of Fed's meeting this week. Other major global events are also lined up from China & Japan this week. Overall domestic cues look fine unless a surprise comes especially from banking sector. 20000 is a strong support. 

• • • [Last updated on 20th September 2023, 3:49 PM]

View incorrect - Nifty closed out of the range forecasted.

• [Commented on 18th September 2023, 8:35 AM]

Likely range for the day 20074/20307.

Very high volume, bullish kicker candle, 3.7% fall in Indiavix in the last trading session, all indicates that the uptrend is likely to continue but cautiously since crude is at all time high. Markets may see a more confident movement post the Fed's meeting this week.

• • • [Last updated on 18th September 2023, 3:31 PM]

View correct - Nifty traded in the range forecasted.

• [Commented on 15th September 2023, 9:02 AM]

Likely range for the day 19950/20250.

Nifty's base has shifted higher. Traders are being cautious at higher levels because of rising Brent. Also, maybe the market is waiting for Fed's decision on rate hike in next week. Domestic markets are fine otherwise & are expected to linger higher toward 20250 in next 1-2 sessions.

• [Last updated on 14th September 2023, 3:35 PM]

View correct - Nifty traded in the range forecasted.

• [Commented on 14th September 2023, 9:00 AM]

Likely range for the day 19946/20193.

Nifty has support at 19950 now & is poised to touch 20200 in next 1-2 trading sessions. The momentum can take it to 20275 after a mild resistance at 20195. Markets are susceptible to negative news at all time high levels. So hedge positions if trading in F&O.

• [Last updated on 14th September 2023, 3:35 PM]

View correct - Nifty traded in the range forecasted.

• [Commented on 13th September 2023, 9:01 AM]

Likely range for the day 19836/20125.

Pressure on Nifty may continue for 1-2 sessions post which Nifty is likely to reach 20200 & up. Indiavix has risen again yesterday indicating bears are in a mood to stand up against bulls. Upside looks restricted to 20150 and downside to 19836 today. 

• [Last updated on 143h September 2023, 3:32 PM]

View correct - Nifty traded in the range forecasted.