Nifty Trade Plan for 24 Nov 2021 - Wednesday
Nifty has changed its sentiment slightly and have seen some buying momentum. However there is a Strong resistance at 17620 and please note market is in BEARISH Trend.
For tomorrow I'm expecting Nifty to Open Flat / small gap up.. and will see some buying momentum then it could be BEARISH day.
If 17620 Breaks Upside it can go to 17690 next resistance zone - then Nifty can possibly reverse from there. You can watch out the levels below.
Indicator Description of the lines are given below in Order:
Aqua ---------------------Camarilla - H4 Bullish Breakout
Green ------------------- R1
Aqua -------------------- Camarilla - H3 Sell Zone
Orange ------------------ BC
Red / Green (Middle) - Pivot Point
Yellow ------------------ TC
Blue --------------------- Camarilla - L3 Buy Zone
Red ---------------------- S1
Blue --------------------- Camarilla - L4 Bearish Breakout
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your won analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis..
Nifty has changed its sentiment slightly and have seen some buying momentum. However there is a Strong resistance at 17620 and please note market is in BEARISH Trend.
For tomorrow I'm expecting Nifty to Open Flat / small gap up.. and will see some buying momentum then it could be BEARISH day.
If 17620 Breaks Upside it can go to 17690 next resistance zone - then Nifty can possibly reverse from there. You can watch out the levels below.
Indicator Description of the lines are given below in Order:
Aqua ---------------------Camarilla - H4 Bullish Breakout
Green ------------------- R1
Aqua -------------------- Camarilla - H3 Sell Zone
Orange ------------------ BC
Red / Green (Middle) - Pivot Point
Yellow ------------------ TC
Blue --------------------- Camarilla - L3 Buy Zone
Red ---------------------- S1
Blue --------------------- Camarilla - L4 Bearish Breakout
Happy Trading!!! :-)
Disclaimer : The idea is purely for Knowledge sharing purpose. Do your won analysis and consult your finance advisor before taking any trade. I'm not responsible for any of your profit / losses.
Please do like and support for more Ideas! Comment if you need any specific stock/index analysis..