kalanisameer

kalanisameer

Nifty is trading below Monthly CPR and Below Weekly CPR , today since 20 and 50 SMA in 5 min chart provided support to the candles therefore the prices atarted to move up towrds 5 min CPR and PDH levels . Tomorrow we have to look if falling 50 SMA in hourly chart is providing resistance or it is acting as a support , We can trust bulls if the price is able to...

kalanisameer

Bank Nifty is trading below Monthly CPR and inside Weekly CPR , today since 20 & 50 SMA in 5 min chart provided support so price started to move up towards 200 SMA and hourly 20 SMA. Tomorrow We have to check if falling 50 SMA and 200 SMA in hourly time frame is acting as a resistance or it is also allowing candles to pass through it . If hourly 50 and 200 SMA...

kalanisameer

Bank Nifty is trading below Monthly and Weekly CPR , We have to look in Hourly timeframe if candles are getting resistance from 20 and 50 Sma and weekly cpr , that we can easily find from 5 min chart candles if candles are taking resistance from 200 sma and R1 in 5 min timeframe we can say that hourly Sma are proving resistance and we can expect prices to go down...

kalanisameer

Nifty is trading below monthly and weekly cpr , but in Daily time frame Nifty is at Support level so we have to compare hourly timeframe and see if candles are taking resistance from 20, 50 and weekly cpr levels, if 20 and 50 are proving resistance only then we can expect price to go down , but if 20 and 50 sma are proving support then we might go up