Nifty in Technical Analysis, July 22, 2023: हम 23 मार्च के निचले स्तर के बाद से जारी दृढ़ तेजी के रुझान को देख सकते हैं। मैं 16 candles गिनता हूँ जो पूरी तरह से हरी हैं और किसी भी संदेह का संकेत भी नहीं देतीं। चालू सप्ताह में भी ऐसा ही बना हुआ है। इसे देखते हुए, हमें एहसास होता है कि सारी शंकाएं केवल हमारे दिमाग में थीं और बाजार में कभी नहीं थीं और अभी भी नहीं हैं!
bank nifty future nse
Aggressive Selling of Puts in Nifty and Bank Nifty
Nifty and Bank Nifty Price Forecast: On Friday, prices rose sharply and the futures open interest dropped significantly in Nifty and somewhat in Bank Nifty, indicating a rally driven by short-covering. The put-call ratio on the monthly series increased in both Nifty and Bank Nifty due to aggressive put shorting. This action is expected to continue, providing enough fuel for rally attempts during the truncated week ahead.
What to do if nifty future does not go up?
What if the upmove doesn’t occur? Well, in that case, the lower range (horizontal arrow) should be used as a stop. There aren’t any closer stops. As a bearish signal, this can be meaningful but that is something that I would prefer to deal with in case the occasion comes up. For now, I don’t expect that to happen.
Nifty Weekly Forecast: Above 16900 Target 17400—17800 [Buy on Dips]
Nifty Weekly Forecast: Unlike the earlier week, this one was a lot more ranged. But as the index managed to tick a bit higher, people didn’t really mind that it ranged. So long as the overall bias was maintained to the upside, most people are happy. When people are happy, the breadth widens and participation increases.
Nifty Target Price 16,900 Levels By Year-End
Nifty Target Price: Nifty can head to 16,900 levels by the end of 2022 even as inflation and growth prospects remain a concern.
Nifty This Week: Technical Charts And Reports – When The Market Bats Like Sandeep Patil
Nifty This Week: Indian test cricket had one the most stylish players back in the 1980s. His name is Sandeep Patil and I used to love the way he would bat. I would pray that others get out fast so that he could come out to play earlier.
Nifty Forecast: Don’t Sell Nifty, We Expected Buy on Dips
Nifty Forecast: We did have new highs punched out, crossing the 18,000 mark on the Nifty and the 60,000 mark on the Sensex too. But those were brief taps to high levels that didn’t last. In fact for the Nifty it was just an opening tap so, it is a theoretical high rather than a traded high.