We are looking at hourly candlestick chart
Thresh hold limits 19240 - 19640
If Nifty sustains beyond these limits for 3 days or closes beyond these levels on a weekly closing basis then we can look for another 400 point movement in the direction of breakout. Till that time Nifty could be range bound
Daily important levels are mentioned in the chart.
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Thresh hold limits 19240 - 19640
If Nifty sustains beyond these limits for 3 days or closes beyond these levels on a weekly closing basis then we can look for another 400 point movement in the direction of breakout. Till that time Nifty could be range bound
Daily important levels are mentioned in the chart.
Disclaimer
-The view expressed here is my personal view
- Past performance is not a guarantee for future predictions
- I have been wrong in the past and can be wrong again in future too
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Comment:
R1 19612 (Nifty closed the day at 19611.05)
R2 19638 (Nifty made a high of 19636.45)
R2 19638 (Nifty made a high of 19636.45)
Nifty took support around 19516 odd levels on hourly charts and in the last hour
/ hour and a half of trade it recovered fully to test Resistance levels mentioned