#Nifty same Inside bar scenario here also!

Bharti
Intra

Above orange only🤞

Titagarh
Intra

Above orange🤞

10 points up☘

Nifty 50 keep this chart handy

Gail
Intra

Above orange🤞

ES: 14 Aug

Yesterday’s PPI data showed a modest increase in producer prices, aligning with expectations and suggesting that inflation pressures are steady but not alarming. Despite some initial jitters in the bond market, with Treasury yields ticking up, the data reassured Wall Street that the Fed won’t be pulling out the big guns just yet.

Now, let's turn to the ES action. The day started with a gap up in Regular Trading Hours, and after a brief dip in the B period, C period made a double bottom, leaving behind a poor high—a classic sign of supply taking a coffee break. This led to a 5-point gap and a 60-point rally, chewing through the gap from early August like a trader on a deadline.

With CPI on the horizon and retail sales data looming tomorrow, we could see some fireworks. The ES has been on a seven-day winning streak, one-time framing up like it’s auditioning for a Wall Street sequel. But now we’re back in the late July balance zone, with 5472 as the line in the sand. Stay above it, and the bulls might just push towards 5492, 5514, and maybe even take a victory lap in the singles zone up to 5550. Whereas, holding below 5472 could see support from 5455 to 5447, with 5421 as the next potential pit stop. The gap from 5396 to 5401 at yesterday's open might provide a cushion for the bulls. Break of this changes the short term direction.

It’s a classic setup—will the bulls pull off another trick, or will the upcoming data give the bears a chance to take a breather?

Hindzinc
Intra above orange

T1 and T2 done☘

16 points up⚡️

Today is key data release in US: CPI. While PPI came in line with expectations--and markets cheered by a 60+ points rally in ES, it is 7 days unabated upwards movement.

Yesterday, the London preopen saw good movement, today all Thanda. Seems the brokers have increased margin requirements 4 X in view of big data release later today. So low volumes and compressed ranges. Might have a similar effect on our markets too.

Maybe bull 🐂 ki baari

T1 done☘

As per this chart


Nifty currently facing resistance zone
Let's see if it can breach it🤞

Activated

Do take profit☘

HAPPY INDEPENDENCE DAY


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