Get started
imsreecharan

[07 MAY 2021] NIFTY(MAY 2021 FUT) TRADE ANALYSIS/PREDICTION

S&P CNX NIFTY INDEX FUTURES (NSE:NIFTY1!)  
imsreecharan  
NSE:NIFTY1!   S&P CNX NIFTY INDEX FUTURES
Support and Resistance Fibonacci Trend Lines NIFTY BANKNIFTY
0
0
supportandresistance fibonacci trendline nifty banknifty
I am going by three Views for tomorrow(07-May-2021)

  • View 1: If Nifty opens in the range 14740 - 14820, then it may be a sideways market.
    Most probably it's not a bull intraday market as there is a huge resistance zone(14820 - 14860).

  • View 2: If Nifty opens above 14860, we can anticipate a bull intraday market with resistance at 14934.
    At an initial session, We may expect a slight retracement till 14830, but takes support at this level and may move up.


  • View 3: If Nifty opens below 14725, we can anticipate a bear intraday market with support at 14670 and may further slide below up to 14590.

But Chances are that Nifty may open +ve tomorrow(07-May-2021), this is because of the volume the last candle has made.

NIFTY

Note: All these views are personal.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.