Monday, February 1, 2021

NIFTY50 ANALYSIS FEBRUARY 2021

ANALYSIS 27-FEB-2021

Min target zone for this down move 14502-14328.
Reached min target @ 14502. Is the correction completed?

Other possible downside scenario: please 26-FEB-2021 analysis.



ANALYSIS 26-FEB-2021

As long as 15434 holds resistance, more fall can be seen.



ANALYSIS 25-FEB-2021

Correction completed or more to come?


ANALYSIS 24-FEB-2021

Can we see some upside correction and fall?




ANALYSIS 23-FEB-2021

UPDATE 2: BIGGER PICTURE



UPDATE 1:
Nifty is moving down without making any big corrections to the upside.
As long as 13600 holds support, buy on dips is the strategy and we will see 16/17/18/19k.
Best buy entry 14200-14000 if you get.



ANALYSIS 22-FEB-2021

Nifty is correcting?


ANALYSIS 19-FEB-2021

Nifty moving as per the analysis. More down can be seen as the the upper trendlines resist.


ANALYSIS 18-FEB-2021



ANALYSIS 17-FEB-2021

TOPPING OUT? Upside next 16420.



ANALYSIS 10-FEB-2021

Is NIFTY @ temp/local top?


ANALYSIS 08-FEB-2021

Where NIFTY going to top out for some correction?


ANALYSIS 05-FEB-2021

CMP: 14958; SUP: 13589
As long as 13589 holds support we will see 16138-16382-16735, 18104-18377-18753.
Immediate Resistance zone: 14955-15055.
UPDATE 2:



UPDATE 1:







NOTE: WE COULD SEE NEGATIVE DIVERGENCES in WEEKLY and MONTHLY charts.
Not sure, when we are going to big sharp/big correction and REVERSAL FAST.


ANALYSIS 04-FEB-2021

CMP: 14778
Where are we going?



ANLAYSIS 03-FEB-2021


UPDATE 2:
Upside target for this move is 14813-14977. We can see some resistance around 15K for some time.
If resists, we can see 14600/14400 for next BULL MOVE above 15K.

UDPATE 1:
Will 14800 hold resistance for some correction?




ANALYSIS 02-FEB-2021

Update 2: LONG TERM PROJECTION: Updated wave counts and targets


Update 1:

Min target on the downside completed at 13590. Are we going to 15K+? Will update long term projection soon.


ANALYSIS 01-FEB-2021

UPDATE 2: BULL or BEAR? MULTI TIMEFRAME ANALYSIS









UPDATE 1:

Initial downside target done for this down move tat 13880.

As of now resistances: 14257/14765.

Downside extensions can be 13355-13281-13035, 12910, 12490.



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