NIFTY -- NEXT WEEK -- 04/04/2022 TO 08/04/2022
Updated
NIFTY TREND NEXT WEEK --HOURLY CHART - 04/04/2022 TO 08/04/2022
1. on hourly chart we can see journey of nifty where nifty bottom out around 15750 level till now 17670
2. Nifty made bottom formation at 15750-15800 level where RSI extremely oversold level as we seen . from then nifty bought consistently went to 17000 level . at 17000 level nifty made double bottom formation .
3. nifty break reistance 17400-17500 level last trading session and close above it very strongly to 17670 where bank nifty also breakout at bullish level
4. next week view is bank nifty will outperform and support index to go further up move to 17800-18200 , mid-cap also outperform and that trend continue upside
5. RSI level also seen bullish .
6. some correction if any we can seen around 17500-17350 form a good support where nifty agian bounce back
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
HAPPY TRADING. !!
1. on hourly chart we can see journey of nifty where nifty bottom out around 15750 level till now 17670
2. Nifty made bottom formation at 15750-15800 level where RSI extremely oversold level as we seen . from then nifty bought consistently went to 17000 level . at 17000 level nifty made double bottom formation .
3. nifty break reistance 17400-17500 level last trading session and close above it very strongly to 17670 where bank nifty also breakout at bullish level
4. next week view is bank nifty will outperform and support index to go further up move to 17800-18200 , mid-cap also outperform and that trend continue upside
5. RSI level also seen bullish .
6. some correction if any we can seen around 17500-17350 form a good support where nifty agian bounce back
** THIS IDEA IS FOR EDUCATIONAL PURPOSE
HAPPY TRADING. !!
Note
india vix is very much stable now at 18.44 so if find some correction on monday at opening can seen buying .! nifty 17500-17550 is demand zone on Monday and 17750-17800 will be profit taking zone. !Note
nifty breakout 17800 level very convincingly at opening in morning today .! nifty high 17900 above trend continue to bullish . ! cheers !Note
HDFC twins take nifty up today as i say bank nifty outperform from now next few session ..merger of HDFC BANK and HDFC ! NIFTY touch 18000 . !Note
as nifty open gap up today our next target 18200 will hit successfully .. may be first half of trading session at 18250 nifty has major resistance for next rally . PROFIT BOOKING possible around 18200-18250 Then nifty will go for some consolidation before decide to go up further ...05/04/2022Note
17850-17900 WORK AS Support now. ! and 18200-18250 work as resistance .!Note
on 15 min chart nifty seen support 17800 level today from where nifty cn bounce back .! 9.50 am - 06/04/2022Note
as said morning nifty take support at 17800 level and good bounce happns on intraday resistance come around 17950 levelNote
as long as 17500 strong support level hold at closing basis trend is sill bullish bounce can be seen around 17500-17600 level .
07/04/2022
Note
RSI made double bottom now its time for nifty to bounce back from 17650 level 11.55 08/04/2022
Note
we bought nifty at 11.55 at 17650 now near 150 point gain 17790 level at 2.00 pm around 17800-17850 we will book profit as resistance this level.
2.00 pm 08/04/2022
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