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Multiple Time Frame Analysis

Nifty weekly expiry analysis and levels for intraday 17/04/24.Nifty in the last 2-3 sessions has lost 400 points which shows some bearish basis market but it will retrace before another fall. In case of a gap up opening, there will be a sideways expiry for nifty. Otherwise, after a gap down, there will be a recovery or profit booking in positional/swing trades. It trading below the 20 ema (daily) and may come to retest the moving average or previous support levels. Major support levels :- 22095, 22000 Resistance levels :- 22210, 22270, 22430 Negative price action formation around the resistance/support level can be traded in intraday with strict SL. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
MCX BULLDEX HEADING FOR A CORRECTION ?MCXBULLDEX is currently trading at 17350 which is a long term resistance zone (17300-17700) for it. I'm expecting a profit booking in MCXBULLDEX from these level. I'm creating short positions at CMP 17350 & will be adding more short positions if 17650-17700 comes & Hold with 18000 as SL. I'm expecting minimum 1000 point fall from here & expecting 16400-16200 levels soon. Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!
MCX:MCXBULLDEXShort
by akshit_official
Another new ATH for NIFTY but will it sustain..?As we can see NIFTY made another ATH back to back after breaking out of an inverted head and shoulder pattern, we also saw a new ATH for BANKNIFTY as analysed in our previous post. Now BANKNIFTY has formed more like an indecision cancel and NIFTY closed at important zone followed by a rising wedge pattern which is also a bearish pattern hence any break of the pattern below could lead to a big fall or rise of a new trend so plan your trades accordingly.
NSE:NIFTY
by Wealthcam
1
BANKNIFTY preparing to move BIG!!!As we can see NIFTY has already achieved its ATH couple of times but BANKNIFTY has not yet reached its ATH. Now BANKNIFTY can be seen forming more like an inverted head and shoulders pattern in bigger time frame and signs of accumulation in smaller time frame showing immense strength of BANKNIFTY hence now if BANKNIFTY breaches its trendline resistance which has been tested multiple times now can actually lead to new ALL TIME HIGH for BANKNIFTY so plan your trades accordingly.
NSE:BANKNIFTY
by Wealthcam
Can NIFTY continue its cinderella run..?AS we can see despite a strong recovery in both midcap and banknifty, NIFTY remained more like sideways to negative throughout the day despite its strong opening as analysed in our previous post that it has reached its important supply zone which is also a psychological level of 22500 hence unless NIFTY breaches and sustains itself above this level, we can expect NIFTY to remain sideways to negative unless it breaks out and shows unidirectional move so plan your trades accordingly.
NSE:NIFTY
by Wealthcam