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Multiple Time Frame Analysis

NIFTY broke its SUPPORT exactly as analysed As we can see NIFTY broke its SUPPORT and fell unidirectionally as analysed in our previous analysis that the SUPPORT has been tested multiple times and any closing below the psychological level could lead to a good fall and we did see that exactly. Now watching the global cues we can expect NIFTY to open flat to positive but we can see NIFTY ranging from the range 19200-19500 but if it breaches either of the level we might see another of trending market so plan your trades accordingly.
NSE:NIFTY
by Kaushalfin
1
Nifty daily analysis for 25/10/23.Nifty has given a nice fall on the daily charts and took support from the major support range of 19230-250. There is a nice bearish candle on the daily chart and market is trading below the 20 ema. Chances are of market testing the 200 ema. On the hourly charts, there was a consolidation in the first half of the market and in the second half the market fell of more than 130 points. Now there is a bearish trend for a short term. If the market continue to fall and starts trading below the 19200 levels then it will test 19000 and 18850. Support :- 19230, 19000 Resistance :- 19420, 19500 The market can go trending as it is approaching the monthly expiry. Wait for the price action near the levels before entering the market.
NSE:NIFTY
by TheMamboMomentum
NIFTY respecting the trendline..?As we can see NIFTY again maintained itself in the range despite opening strong, it hit our upper level of 19850 and got rejected and fell in second half after much of consolidation. Now that NIFTY has managed to maintain itself above the trendline, it can further broke the above level with unidirectional move but if NIFTY breaks the trendline below, we can again see NIFTY being sideways to volatile throughout the day so plan your trades accordingly.
NSE:NIFTY
by Kaushalfin