Nifty Confirm Targets For Friday Nifty One Hour Time Frame Chart Analysis For Day Trading with Open Interest Analysis with Trading Guide
Nifty Demand and Supply Zones for Day Trading
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 18030 - 18020
Second Support Zone For nifty50 – 17945 - 17955
Third Support Zone For nifty50 – 17818 - 17825
Resistance Zones For nifty Intraday Trading
First Resistance Zone For Nifty – 18130 - 18140
Second Resistance Zone For Nifty – 18181 - 18170
Third Resistance Zone For Nifty – 18230 - 18240
Nifty Option Chain Analysis
PCR ratio as per Option Chain Analysis – 1.06 ( Bullish )
Max Pain As per Option Chain Analysis – 18000
Major Resistance as Per Nifty Open Interest Analysis – 18200
Major Support as Per Nifty Open Interest Analysis – 17800
Stock Market Confirm News
Edelweiss Mutual Fund raises stake in Yes Bank shares in Jan 2023
Govt cuts windfall tax on crude oil , ATF, export of diesel
Indian Railway Finance Corporation ( IRFC ) stock of Indian Railways fell 2 per cent , It is a Finance Providing Company for Indian Rail .
Nifty-targets
NIFTY- Possible Trade for 16-08-2022The 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 indication of a major move in either direction. Important levels for the day and weekly expiry are given below.
Bullish Above 17670
Possible Upside targets - 17760/17780/17840
Bearish Below 17640
Possible Downside targets - 17600/17540/17500/17480
Note: One may look at entering the market with a short bias once market hits the upper targets if price action confirm the short bias
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
NIFTY- Possible Trade for 08-08-2022After making significant move from the low made in June, the market has rallied more than 2000 points. However the previous week, the index moved in a relatively limited range of 300 points. 17500 on the upside looks like an immediate resistance and 17200 on the downside seem to be the support. The current week being a truncated trading week, we can anticipate the market to remain sideways , and testing the patience of traders looking for a breakout. However if the breakout indeed comes then it can catapult the market closer to 17700-17800 levels. Important levels for the day and week are given below
Bullish above 17480
Possible Upside targets - 17530/17580/16660/17730
Bearish below 17440
Possible Downside targets - 17360/17320/17280/17210
Disclaimer:
The analysis provided is for educational purpose and the author does not assume any responsibility for the trades initiated based on the analysis. Consult your financial advisor before making any trades.
Targets for Nifty for this SwingToday Nifty breaks its previous high of 10300 and closed above it. Now its previous higher level of 9800 becomes its strong support and Nifty seems to be strong for this swing rally with its previous resistance of 10280-300 as support zone. Now Ganns cycle of 9610-10250-10890 is active and soon we may see Nifty touching Gann's levels of 10890-11K in coming days. With in this rally, these intermediate Gann's levels 1041-10570-10730 may also provide resistances and Nifty may take some breathe at these levels before taking its next step up.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice.