PRICE STRUGGLING TO BREAK 2019 HIGH AND ALL TIME HIGH PRICE WILL RANGE A BIT
Strong resistance is seen at 1825 - 1835 level. Unable to break it will make the price to fall towards the next support at 1770.
In daily time frame it has reversed from a Bearish Harmonic Crab. As per Ichimoku its likely to retest Kijun support. In hourly time frame it is at a crucial support of 285. Resistance comes in near 290.
LIKELY TO RANGE FOR FEW DAYS,OVER ALL IN BUY DIRECTION ONLY
Please find the supply and demand zones in the chart. Data is suggesting that Nifty range will 11200-11300. Nifty Intraday strong demand zone is 11225-11235 and strong supply zone is 11300. My Trading Plan will be: I will buy Nifty Future If Nifty will sustain 15 to 30 min above 11300 then again we can see the short covering and it may test 11350-11400. If Nifty...
Bajaj Finserv is forming a rising move and is close to hitting 1.618 extension. look for the move to pause around that area and see a correction..
My view on nifty for tomorrow is bearish . This is my analysis and all this are for educational purpose only , currently nifty is on correction mode .
STUCK IN RECTANGLE WILL WAIT AND TAKE CALL. WATCH OUT FOR EITHER SIDE MOVEMENT
NIfty is close an importnace of 1.618 extension of the move from the day of corporate tax cut.. if it can break above will become highly bullish with the result season approaching , can the largecap results and budget ahead propel it above it and sustain? time will tell