Simple Analysis of Nifty - Support & Resistance

Feb 24, 2022

Today [24-02-22] candle violated the 200 EMA and Fib level 0.50.

After the steep fall, index may retest the level of 16400 and next key support will be 15850 or parallel channel trendline.

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Feb 25, 2022

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Big Question : Will Nifty close above EMA 200 today ?

Feb 28, 2022

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28-02-22 : Nifty closing above 200 , 16844 will as key resistance.

Mar 2, 2022

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Reliance & Nifty ; yup !!

Mar 3, 2022

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continuous rejection from 200 EMA and two GAP to fill !! Let's see !!

Mar 3, 2022

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Trapped Analysis : Refer chart

Mar 7, 2022

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