Sky is clear for Nifty [04/11/21]

3 Kas 2021

As of 03/11/21 the market seems to be under control of Bears.

Summary of 03/11/21

• Starting at 9:15AM - 11:00AM, the market went through a lot of struggle to choose the day's trend.
  
  
• At 11:15, bears tried to place a engulfing candle against Bulls.
  
  
• The 11:30 Candle opened a path way to dungeon, which gave the control of market to Bears for 2hours & 45minutes.
  
  
• Finally a Green Strong Bullish candle gets a crucial support @ 17757.95 exactly at the lower band of Donchain Channel.
  
  
• This creates a Bullish sentiment & at last Bulls almost got the control of market, but still resulting a -0.33% Drop.
  

The Market dance for 04/11/21

*The last 45 Minutes of 3 Nov shows that 04 Nov Diwali will be under the control of bulls.

*According to Heikin Ashi Candlesticks, the lower leg has reduced dramatically compared to the previous candlestick.

*Stochastic Oscillator shows a clean move of K over D line.

*The Crucial Levels for NIFTY (04/11/21) is S17736, S17795, CPR17874, R17947, R18011

*Which also makes us to come to a conclusion that still Bulls are still on the Game.


Let Diwali brings happiness on your financial lives.