With the markets refusing to deviate from their upmove, it will be interesting to see the price movement for today and tomorrow. Since we have the weekly expiry tomorrow, market may want to test the strength of those who became bullish very recently and may test 17700-17600 zone. On the upside we can see the market to test the psychological resistance of 18000 if...
The index has been making consistent upmoves and we could see that each dip is being bought. However the move from 17500 upwards seem to lack buyer participation and since the index is approaching a trend line resistance near 17780-17860 zone we can expect some profit booking or even possible fresh shorts getting added at those levels. As of now there is no...
As discussed in our study yesterday, the market witnessed further profit booking which forced the index to close below 16500. The next support levels for the index are near 16300/16200 levels. The market can move higher only if the index sustains above 16500 . However given the FnO data and price action we maintain a mild negative bias and expect further profit...
Look the chart and plan trade accordingly . Buy above 5860 only day high. Sell below only 15770.
#banknifty expiry special:- Breakout Restest:- 34,722 20 DMA:- 34,648 PRZ:- 34538.00 Use the GREEN area to go long, the structure is OK, still, I don't see any issues. #elliottwave #nifty50 #stoackmarket
Falcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 06 – June 10 ) Last Weekly Nifty witness selling pressure @ 200day EMA @ 16746 on friday, while the pivot for the week @ 16223 was not breached. Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16358 levels, whereas minor resistance ...
Nifty Support (Green band) & Resistance (Yellow Band) for weekly expiry 19-5-2022
NIFTY opened on a positive note and traded strongly in the positive side throughout the day. In the intraday chart the index made a triple bottom near 17150 levels and that could act as the strong support for the expiry. On the upside immediate resistance may come near 17260-17300 levels. Tomorrow being expiry day we may see volatility. However the broad range...
Nifty Level Upadate for Trading | END OF DAY CHART ANALYSIS Daily Nifty Levels | End of day Nifty Support & resistance India 2022 Buy Call if sustain above 17210 stoploss - 17185 ( if Closing in 15 candle ) target as per chart Buy put If nifty below 17185 stoploss - 17210 ( if Closing in 15 candle ) target as per chart Dont trade before 9:30 , make...
As discussed in Last Analysis Below 16900 low weak made low of 16203 last week. Falcon Analytics Outlook Nifty 50 for the week (Feb 28 – Mar4) Technically on the daily charts we see major support on the downside for Nifty50 index lies at 16298 levels, whereas major resistance on the upside is capped around 17176 levels. If Nifty50 index breaches...
Nifty Trade Plan and Levels for Tomorrow.. Trade easily with BUY / SELL Signals... Trend : BULLISH (But) Sentiment : Negative We can expect small gap up open tomorrow, if so CPR / SELL Reversal will be Key resistance for Short Entry. If Gap down PDL will be our Short Entry. You can refer the chart for Resistance and Support levels. Happy Trading!!! :-) ...
Bank Nifty Trade Plan and Levels for Tomorrow.. Trade easily with BUY / SELL Signals... Trend : BULLISH (But) Sentiment : Negative We can expect small gap up open tomorrow, if so CPR will be Key resistance for Short Entry. If Gap down PDL will be our Short Entry. You can refer the chart for Resistance and Support levels. We can expect 37100 levels tomorrow...
Many days of volatility, we can say that the year began with volatility and that it continues, I would say. This Monday, it was b.K. 17400, which was an important fib 0.5 level. Once it is taken out, it is a proper down move. We all know that the importance of the 17000 to 17080 rage is that the rage acted as a support and bounced back again, multiple times, to...
It was expected that the Nifty would end this week with crazy movement because of the global clues and the market data, But a gap up, opening and consolidating. It actually respects the 200 to 250 range well. But what's more interesting is that tomorrow we might see some moves. Look at the D candle doji, or hanging man. The important level to watch out for next...
We are close to our first expiry of the year. Looking at the chart, we are witnessing how beautiful the price action is respecting. Looking at the chart at the last expiry, the nifty couldn't have the strength to cross 17250, an onec that is being broken. Now is the time to bring out the nifty shootig. It's getting close to 17800. 17800 is important because it...
December Expiry for Bank Nifty might be trendy as it consolidating within nearly 3% range since last 9 days.. Option Buying might give a Jackpot trade tomorrow.
It is a consolidation expiry. As we discussed, Nifty is in between the ranges. 17200 to 17300, still acting as a resistance. Let's see if there is any upward movement from the channel. My option selling: hey, it's a consolidation option, so sellers make money. The day started with 17050 PE and 17300 CE. I booked 17500CE and 17800 PE with profit. Finally, I sold...
In this December month, we were blessed with five expiry dates. I would say that the last three expiry dates are like a roller coaster ride, highly volatile. We are entering our 4th week now, and it is a technically correction mode. Technically, a 10% drop from the recent high is referred to as a correction. Look at Nifty50 on Monday. It opened with a huge gap...