NSE:NIFTY Trade Setup for 05-01-2022 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap up or...
NSE:NIFTY Wishing you all a happy new year. All the best for this new year 2022. -------------------------------------------------------------------------------------------- Observations: 1) On 1 day time frame, it is trading just below 100DMA which will be major resistance. And it is trading above 21DMA which will be major support. 21DMA is placed at...
NSE:NIFTY Observations: 1) On 1 day time frame, it has been trading above 21DMA since last 3 days. But it is still trading below 50DMA. Please refer below chart : 1 day Time Frame. 2) On 1 hr time frame, we can clearly see that is has been stuck in range since last 3 days. Breakout on either side will give good move. Please refer below chart : 1 hr...
NSE:NIFTY Observations: 1) On 15 min time frame, today it closed above the resistance trendline. Please refer below chart : 15min Time Frame. ------------------------------------- Still trade setup and levels will be same as per previous. Trade Setup for Date: 28-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle...
NSE:NIFTY Observations: 1) On 1day time frame, it face resistance from the 100DEMA and also close below yesterday's low. But provisional closing is just above 17000 psychological level. Now the clear trend will be on Monday. But overall OI data has formed a bit negative. 100EMA is placed at 17143.17, which will be major resistance now. Immediate support...
NSE:NIFTY Observations: 1) On 1day time frame, it is between 100DMA and 200DMA. 100DMA is placed at 17347.25 200DMA is placed at 16274.39 Immediate support is at 16800 level. Please refer below chart : 1day Time Frame. 2) On 1 hr time frame, we can see that it is now above the temporary trendline. Please refer below chart : 1hr Time Frame. ...
NSE:NIFTY Trade Setup for Date: 22-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap...
NSE:NIFTY Observations: 1) On 1day time frame, it is now near to the 200DMA. 200DMA is placed at 16252.22 level and 100DMA is placed at 17324.55 level. 200DMA will work as major support. Please refer below chart : 1day Time Frame. 2) On 1 day time frame,we can plot the immediate support 16358-16400 and major support is at 16200 level. Please refer...
NSE:NIFTY Observations: 1) On 1day time frame,it today it close below 21DMA. 21DMA is placed at 17453.81 Immdiate support is at 17355 level. Please refer below chart : 1day Time Frame. ------------------------------------- Trade Setup for Date: 14-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min...
NSE:NIFTY Observations: 1) On 1hr time frame, we can see that it has formed double bottom pattern. Please refer below chart : 1hr Time Frame. ------------------------------------- Trade Setup for Date: 13-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything...
NSE:NIFTY Observations: 1) On 1day time frame,Today, it trade above 10DMA. But still trading below 21DMA. 10DMA is support now and 21DMA will be immdiate resistance now. 10DMA is placed at 17192.38. Hence we can say that 17190-17200 is major support now. 21DMA is placed at 17527.08 level. Hence we can say that 17520-17530 is resistance. Please refer...
NSE:NIFTY Observations: 1) On 1day time frame, today it faced resistance from 100DMA. sustainable breakout of 100DMA will make it bullish. 100DMA is placed at 17195.97 level. So, we can say that 17195-17200 is immediate resistance. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 08-12-2021...
NSE:NIFTY Trade Setup for Date: 02-12-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. 4) Avoid gap...
NSE:NIFTY Observations: 1) On 1day time frame, it is still below 100DMA. Today it failed to make rising star pattern. 100DMA is placed at 17125.51, which is a resistance zone now. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 01-12-2021 1) Don't Jump in to trade at the beginning of the...
NSE:NIFTY Observations: 1) On 1day time frame, it is still above 100DMA but below all of other short term Moving Average. Such as 10, 21 and 50 DMA. Please refer below chart : 1 day Time Frame. ------------------------------------- Trade Setup for Date: 24-11-2021 1) Don't Jump in to trade at the beginning of the market. Let it get settle for...
NSE:NIFTY Observations: 1) On 1day time frame, it is made very bearish candle. Next moving average which will work as major support is 100DMA. 100DMA is placed at 17035.54. Immdiate support range is 17355 - 17400 level range. And major support range is at 17182-17200 level range. We can also see head and shoulder pattern. Please refer below chart :...
Dear All, Currently Nifty50 is forming a descending triangle on chart and looks like that NIfty50 will loose another 400 points in coming few days up to 17327 level. You can have a look on chart for more information about all Resistance and Support levels.
NSE:NIFTY Observations: 1) On daily time frame,it closed just below the support trendline. Please refer below chart : 1 day Time Frame. 2) Also On daily time frame, it just closed above 10DMA. 10DMA is placed at 17984.99 level. But it has closed below 21DMA. Please refer below chart : 1day Time Frame. ------------------------------------- ...