Here's NIFTY 50 analysis for 22nd of JULY!
This are some important level I prefer drawing before market opening.
1-PDH/PDL:This two level act as important support and resistance, we have marked it with blue horizontal lines.
2- IMPORTANT SUPPLY/DEMAND:Supply demand are usually market on based of higher time frame as marked on chart (RED-RECTANGLE) acts here as supply zone & (GREEN-RECTANGLE) acts as demand zone.
3-SWING HIGH/LOW: To mark recent swing high and low we have to analyze market in higher time frame, I prefer (1 DAY) chart, here as market is consolidating we cannot predict exact swing high/lows.
4-GAP BORDER: Market does not like gaps, it prefers falling the gaps, here as there was A gap down opening on 19 July, thus that level may act important,
marked with RED horizontal line (15914)&(15836).
5-CPR: Being A price action trader I use A tool know as CPR which acts as important support/resistance market.
It gets applied on chart automatically on opening of market, and you can too calculate it manually, let me know if you want to learn calculating it manually.
THIS IS NIFTY 50 ANALYSIS FOR TOMORROW, LEAVE A LIKE & COMMENT IF YOU LIKE MY ANALYSIS.
This are some important level I prefer drawing before market opening.
1-PDH/PDL:This two level act as important support and resistance, we have marked it with blue horizontal lines.
2- IMPORTANT SUPPLY/DEMAND:Supply demand are usually market on based of higher time frame as marked on chart (RED-RECTANGLE) acts here as supply zone & (GREEN-RECTANGLE) acts as demand zone.
3-SWING HIGH/LOW: To mark recent swing high and low we have to analyze market in higher time frame, I prefer (1 DAY) chart, here as market is consolidating we cannot predict exact swing high/lows.
4-GAP BORDER: Market does not like gaps, it prefers falling the gaps, here as there was A gap down opening on 19 July, thus that level may act important,
marked with RED horizontal line (15914)&(15836).
5-CPR: Being A price action trader I use A tool know as CPR which acts as important support/resistance market.
It gets applied on chart automatically on opening of market, and you can too calculate it manually, let me know if you want to learn calculating it manually.
THIS IS NIFTY 50 ANALYSIS FOR TOMORROW, LEAVE A LIKE & COMMENT IF YOU LIKE MY ANALYSIS.