Nifty 50 IndexLong
NIFTY -- NEXT WEEK TREND - 18/4/2022
Updated
NIFTY DAILY CHART ---NEXT WEEK TREND SETUP .
1. AS we seen on daily chart nifty breakout 17450 level of resistance from strong uptrend 15800 oversold level and reach towards 18000-18100 level
2 From this resistance 18000-18100 nifty fall again around 17475 level where earlier resistance breakout seen, this level 17400-17450 will work as strong support in next week first 1-2 trading session .
3. if this level hold nifty can bounce back agian to 17800-18000 level if 17400 break down side nifty will see another support downside 17000 level .
3. from 15800 low to high 18400 , at this point 50% Fibonacci support comes around 17000 sub level so this is strong support according to trade setup unless this support hold nifty will be bullish zone and set as uptrend bulls fvr.
4. RSI at mid range on daily chart at 52 levl , MACD above center but bellow signal line
5. FII currently sell mode due to global conditions , But DII and retail investor can hold market above 17000 level at least for few sessions till global situations improves .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE... !
HAPPY TRADING . !
1. AS we seen on daily chart nifty breakout 17450 level of resistance from strong uptrend 15800 oversold level and reach towards 18000-18100 level
2 From this resistance 18000-18100 nifty fall again around 17475 level where earlier resistance breakout seen, this level 17400-17450 will work as strong support in next week first 1-2 trading session .
3. if this level hold nifty can bounce back agian to 17800-18000 level if 17400 break down side nifty will see another support downside 17000 level .
3. from 15800 low to high 18400 , at this point 50% Fibonacci support comes around 17000 sub level so this is strong support according to trade setup unless this support hold nifty will be bullish zone and set as uptrend bulls fvr.
4. RSI at mid range on daily chart at 52 levl , MACD above center but bellow signal line
5. FII currently sell mode due to global conditions , But DII and retail investor can hold market above 17000 level at least for few sessions till global situations improves .
** THIS IDEA IS FOR EDUCATIONAL PURPOSE... !
HAPPY TRADING . !
Note
as nifty showing 200-250 gap down open morning .. last 4 days market shut where global cues turn negative . broader range is open now . downside 17000 crucial support and 17500 is resistance breaking either side will decide the trend next few session. ! 9.00 am - 18/04/2022Note
19/04/2022 . nifty has seen doji formation candle last session, 17100 turn good support look bullish from here for target 17300-17400 from now cmp 17173 . stop loss bellow 17000 .!Note
21/04/2022 - as nifty take good support at 17000 level , go long for 17250-17450 stop place bellow 16900.
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