Hello everyone this chart technically measured and filtered by team INFINITYIV.
LEVELS FOR WEEK:-
STRONG RESISTANCE:-
⬆️ 17545 ⬆️17686 ⬆️ 18096
STRONG SUPPORT:-
⬇️ 17417 ⬇️ 17131 ⬇️ 16780
POSITIVE FACTOR FOR WEEK:- 1. Week PCR 2. FII Buying. 3. Buy on deep. 4. Reliance bullish. 5. HDFC is in over sold zone.
NEGATIVE FACTORS FOR WEEK:-
1. All indices turned negative. 2. NIFTY not consolidated as expected. 3. neighboring country unstable. 4. Rising inflation. 5. Depending on trading increases.
CHART PATTERN AND INDICATORS:- 1. Nifty rejected on weekly time frame. 2. Falling wedge pattern seen. 3. All indicators turned negative on day and lower time frame.
HOW TO TRADE WITH CHART:- Let break any side level and wait for closing of on 30 minutes candle, go for next level marked on chart.
SMART PICK FOR WEEK. Buyers. 1. SUNPHARMA 2. PVR.
Sellers 1. Dr REDDY.
NOTE:- 1. We don’t have any positions on above mentioned stock. 2. Trading involves risk, trade as per your own risk or contact financial advisor. 3. Hit like if chart helps you, it encourages us. 4. FOR ACCURACY YOU CAN CHECK REST OUR UPLOADED CHARTS
Greetings:- INFINITYIV WISHES YOU HAPPY TRADING AND HAVE PROFITABLE WEEK.
i love your comentry and level provided by you are really helps.
psir289
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Have found your given levels very useful. Most of the times nifty has moved accordingly. BTW, the closing price given in your 4H chart does not match with the actual CP 17475.65. Or maybe I have not understood the reason for this mismatch. Anyway, I'll surely recommend your analysis over other's. 👍👍