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Ichimoku_soporte_resistencia

NiftyAs per ICHIMOKU study - Monthly, Daily, Hourly, 15mins & 5mins all showing 9800 as crucial. So if we are looking for this Monthly Kumo bottom to hold then we need to be prepared for some consolidation between 9800-8500 also. VIX is at extremes, until it starts cooling be prepared for swings as well if these lows are to be held. However, if again dips lower the next support is at 7900. Nifty P/E currently is at 18 (trailing) & 13 (forward) kind of levels we have not seen since 2008.
NSE:NIFTYEducation
by Dinesh_C_Nagpal
Nifty - BankNifty - USDINR - DOWDOW Monthly Kijun has always been held since the Sub-Prime lows. If 25600-24800 gives way then 22700 would become a possible target USD INR Monthly has made a Bearish Harmonic AB=CD. Weekly has done its minimum Dragon target, further sustaining above 74.75 would take it to 77 to complete its next Dragon target Daily has also made a Bearish Harmonic AB=CD. Ideally sustaining below 74.25 would trigger a decline BANK NIFTY Monthly Kijun 28100-27400 crucial for upside. Weekly has made a Bullish Harmonic Reciprocal AB=CD also, if that fails to hold then 26500 would become a possible target. Daily has made a Bullish Harmonic Bat at FRI low NIFTY Monthly 1st support at FRI low if breached again then 10550 resistance 11200 Weekly 10850 needs to be held on closing basis else it opens for 10550 and then 9800. It also has a Bullish Reciprocal AB=CD at 10800-10750. Daily has made a Bullish Harmonic Bat at FRI low. For it to start reversing and moving up it needs to get above the following resistance lines 11050 / 11200 / 11500
NSE:NIFTYEducation
by Dinesh_C_Nagpal
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