NIFTY
Weekly - FT
We came down for Retracement in the 50-62% area and bounced up sharply.
We opened above the smaller Channel Highs &making a Hammer at Polarity change.
Still saying : Mandi aapke dimaag mein hei, Price mein nehi"
Dont get trapped in 12k, 19k mumbo jumbo.
๐๐
NIFTY WEEKLY
A FT to the same topic.
We reversed from 50% area of recent 2400 points upmove & maintained the decorum of the same channel with the HH HL pattern. Range 4k points. Buying at lower range & on 50% retracements on dips are the ideal scenario till end of 2027.
๐๐
USDINR
You still do not believe that Charts do work and people can trade via Charts and not opinions.
#ichimoku
It appreciated to 94.45 today and 93 is just very near.
A bounce probably from 94.15 before succumbing to 93.
Chart tells all.
Trade charts not opinions.
#usdinr
USDINR
After a pullback is now below 94.95. Also TK Bearish crossover also happened.
Could be seen at Cloud support of 93 soon.
Appreciation of USDINR is good 4longer term. Chart is saying so of what may happen.
Once we sustain below 93, then further opportunities may arise.
BANKNIFTY
BANKBEES
Just 15 days over, it already has crossed above last month's HIGHS.
It retraced to 62% of last 2 month's swing. Gave chance for accumulation and Bounced sharply.
Its well within the channel & held its lows strongly.
BANKBEES taken at 520 is at 585 now.
๐ฆ๐
BANKNIFTY
After all the mayhem & taking BANKBEES at 520 near 50000, currently on Monthly basis , its at 54k with a pullback & sustaining above 50% retracement and 21 MEMA.
It looks strong comparatively.
Until Montly close below 50k, we are poised to go towards 62500 / 66666.
๐
Mera Competition na Aap se
Mera Competition na Market se
Mera Competition na kisi Participant se
Meri Competition main Khud hu
Aur
Meri jung hei Apne Aap se
To be a better Trader
To be a better Human being.
Thats always my Mantra.
Its my copyright
USDINR
After a pullback is now below 94.95. Also TK Bearish crossover also happened.
Could be seen at Cloud support of 93 soon.
Appreciation of USDINR is good 4longer term. Chart is saying so of what may happen.
Once we sustain below 93, then further opportunities may arise.
USDINR
Achieved its first objective of 95$ as mentioned that close below 96.13$ would be good for appreciating of INR.
Now closing below KIJUN of 95.5$ would lead it to 93$ cloud base.
#ichimoku
Everything discussed in the 1 min clip video.
BANKNIFTY
After all the mayhem & taking BANKBEES at 520 near 50000, currently on Monthly basis , its at 54k with a pullback & sustaining above 50% retracement and 21 MEMA.
It looks strong comparatively.
Until Montly close below 50k, we are poised to go towards 62500 / 66666.
๐
BANKNIFTY
Mentioned many times about the Weekly TRENDLINE. It took at beating from the upper end of the channel, fell nearly 15000 points or 18%.
Now its at a very good confluence zone at 50305. Advisable not to miss the opportunity to load up anymore.
BANKBEES at 520.
DYORA.
Sharing an All-in-One Indicator for Indian version as Return Gift.
PritzzSniper India Edition v2 - #NIFTY TradingView https://t.co/meULfcaIM2
The details of the strategy is described here in today's LIVEStream on how to use it (2nd Half of the video).
https://t.co/P2fDDfUA87
NIFTY
Monthly
Expected to close above last month Close. However it closed a bit lower but not breached 50-62% of the retracement and closed as Halt candle to the previous Bullish April.
As long as 62% of last retracement holds, we are going towards ATH, probably by Diwali.
๐๐
NIFTY
Has anyone seen Monthly candle yet? 4 more days to go for completing the month & well inside the channel as mentioned earlier.
Its nearing its Current Open & > PMC.
Even if it closes here, it'll form a Halt Candle to last month's bullish Piercing.
Get ready for June ๐
USDINR
Achieved its first objective of 95$ as mentioned that close below 96.13$ would be good for appreciating of INR.
Now closing below KIJUN of 95.5$ would lead it to 93$ cloud base.
#ichimoku
Everything discussed in the 1 min clip video.
https://t.co/AYzoh4wvvk
USDINR
Shared in the video on 22nd May 2026 that if it closes below 96.13, it would appreciate towards 95 and then 93.
Lets see how it goes. Till now its doing well.
Respected @nsitharaman ji and @FinMinIndia,
Suggestion 3 of 3 for strengthening India's capital markets:
Securities Transaction Tax (STT) should be abolished.
STT was introduced as a simplified transaction tax to facilitate easier collection of taxes from capital market transactions. However, over time, it has effectively become an additional layer of taxation alongside other market-related levies.
A simplification measure should not evolve into permanent duplication.
In addition to brokerage, investors already bear multiple statutory and regulatory charges including exchange transaction charges, GST on transaction-related charges, SEBI turnover fees, stamp duty and STT.
Unlike income tax, STT is payable irrespective of whether an investor makes a profit or a loss. The investor pays the tax simply for participating in the market.
Capital markets play a vital role in channeling household savings into productive enterprises, supporting entrepreneurship, generating employment and strengthening India's economic growth. Transaction costs and multiple layers of taxation discourage participation, particularly among long-term retail investors.
India's equity markets have matured significantly since the introduction of STT. The time has come to review its original purpose and reconsider its continued relevance.
Abolishing STT would simplify market taxation, improve capital market efficiency and encourage greater participation in India's growth story.
Respectfully submitted.
https://t.co/AYzoh4wvvk
USDINR
Shared in the video on 22nd May 2026 that if it closes below 96.13, it would appreciate towards 95 and then 93.
Lets see how it goes. Till now its doing well.
Respected @nsitharaman ji and @FinMinIndia ,
Suggestion 1 of 3 for strengthening India's capital markets:
Long-term capital gains tax on listed equities should be abolished.
A long-term shareholder is not a speculator but a provider of patient risk capital. By investing in and holding businesses, investors help companies expand, create jobs, innovate and contribute to India's economic growth.
India requires enormous amounts of long-term capital to build world class enterprises, infrastructure and global champions. Tax policy should encourage households to move savings from passive assets, including imported stores of value such as gold, into productive businesses that create jobs, generate tax revenues and build national wealth.
The appreciation in a company's value is not created in isolation. During its growth journey, the government already collects corporate tax, GST, income tax from employees, customs duties, stamp duties and numerous other levies. Long-term capital gains are often the final outcome of economic activity that has already generated substantial tax revenues.
Most importantly, tax policy should clearly distinguish between investment and speculation. A long term shareholder is a partner in wealth creation, not merely a participant in market transactions. Tax policy should reward long-term ownership of productive businesses and distinguish it from short-term speculation.
India needs more patient capital, more entrepreneurship and more long term investing. Abolishing long-term capital gains tax on listed equities would be a powerful step in that direction.
Respectfully submitted.
NIFTY
Short Term
Descending Triangle formed.
Maintaining the larger 38% of 23777
Retracement happened between 38% to 50% of current small upmove where it is in the same upward channel.
All the lows r intact & moving higher.
The journey to 1.618% remains intact.
๐ปTrap #nifty
@thedumbtrader@ShoonyaApp@fyers1 . Been using it since 2018 along with Zerodha. Then totally shifted to Fyers. Latency is very low too. They are the ones who were giving single margin account since long time.
NIFTY
Has anyone seen Monthly candle yet? 4 more days to go for completing the month & well inside the channel as mentioned earlier.
Its nearing its Current Open & > PMC.
Even if it closes here, it'll form a Halt Candle to last month's bullish Piercing.
Get ready for June ๐
NIFTY WEEKLY
A FT to the same topic.
We reversed from 50% area of recent 2400 points upmove & maintained the decorum of the same channel with the HH HL pattern. Range 4k points. Buying at lower range & on 50% retracements on dips are the ideal scenario till end of 2027.
๐๐