Get started

30minchart

Will Nifty complete IVHS pattern?It looks like Nifty is forming a IVHS pattern on 15/30 min TF. The neckline of IVHS is around 17480-17500 levels which will be a strong resistance. RSI is showing divergence in 30 min TF which might indicate an upmove. 17200-17250 is the next strong support for Nifty which is very close to the CMP and hence, a short trade might not be a good option. However, US market and tomorrow morning's opening will be a key deciding factor on trend for next week. This is my personal opinion on Nifty just for educational purpose and kindly trade as per your own analysis.
NSE:NIFTY
by chartistamey
Mid-week nifty updateMid-week nifty update (17 Oct,22 to 21 Oct,22) Nifty showed continuous strength for past 3 days now. A continuous upmove of 500 points from 17100 lows to 17600 highs now requires some stagnation or even a fall from current levels. So I am expecting a fall till 17350 atleast and from there on nifty can again move upside. Also a short will only be done, if nifty opens below 17550 for next 2 days straight. An opening above 17550 will again give nifty some strength and it might hover on the upside to sideways movement or might reach the highs of parallel channel. I will trade according to marked levels. Happy Trading :) Disc: Chart posted only for learning purpose.
NSE:NIFTYShort
by architk