NIFTY 50 is once again testing key support levels and the 2024 support trend line
If it sustains below 21837, it will be sign of reversal
Although it is almost certain to give a bounce from these levels
Unless...it's the end of the bull run, in which case there are a lot of gaps pending at lower levels
Symbol - NIFTY50
CMP - 21980
NIFTY50 witnessing heavy selling and now slipping below 22,000 round level.
Market sentiment is weak but according to my analysis, Nifty is now trading at major support levels.
22000 - 21930 is good support range for Nifty. I believe Nifty will take support from current levels & will show a reversal from here soon.
Dow Jones is at...
Nifty is around the ATH and there is profit booking at the higher levels.
The market is spending time near the high and last week too it has test the ATH. Seller are there in the higher levels and closing of the weekly candel is dicey.
Higher time frame is showing some RSI bearish divergence and market is forming grave stone doji on the daily...
Please find below simple resistance and support:
Resistance: 22266
If crossed up then will see upward move as follows:
T1: 22347
T2: 22412
Support: 22133
If crossed down then will see downward move as follows:
T1: 22087
T2: 22022
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO...
Please find below simple resistance and support:
Resistance: 21916
If crossed up then will see upward move as follows:
T1: 21970
T2: 22035
Support: 21784
If crossed down then will see downward move as follows:
T1: 21709
T2: 21664
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO...
Nifty50 Support And Resistance 13-Feb-24
Please find below simple resistance and support:
Resistance: 21717
If crossed up then will see upward move as follows:
T1: 21744
T2: 21808
Support: 21582
If crossed down then will see downward move as follows:
T1: 21487
T2: 21423
This is only for education purpose. Do your own research before investing or...
Please find below simple resistance and support:
Resistance: 21818
If crossed up then will see upward move as follows:
T1: 21849
T2: 21915
Support: 21685
If crossed down then will see downward move as follows:
T1: 21586
T2: 21520
This is only for education purpose. Do your own research before investing or trading.
I AM NOT SEBI REGISTERED ANALYST, SO...
Nifty50 Support And Resistance 5-Feb-24
Please find below simple resistance and support:
Resistance: 21915
If crossed up then will see upward move as follows:
T1: 21987
T2: 22054
Support: 21783
If crossed down then will see downward move as follows:
T1: 21719
T2: 21652
This is only for education purpose. Do your own research before investing or...
Nifty 50 Support and Resistance Levels (15/01/2024):
#### Support Levels:
1. **Support Level 1:** 21,800
2. **Support Level 2:** 21,700
3. **Support Level 3:** 21,588
These support levels represent crucial areas where Nifty 50 might witness buying interest and potential reversals in case of a decline.
#### Upside Resistance Levels:
1. **Resistance Level 1...
Nifty Analysis
Recap from yesterday: “A simple Fibonacci level places the 23.6% retracement level at 19083 and 38.2% at 19227. Ideally, the bearish trend could still be intact until 19227 but the problem is that we cannot predict with certainty if that would come in this weekly series or not. For Monday, I wish to go with a neutral stance and choose the direction...
Nifty 50 15 minute chart complete analysis impulse wave see chart
current time price move upside wave 3 and start correction wave 4 time vise and again breakout wave 5
Nifty 50 Daily Analysis!
Trinagle Pattern formation in Nifty50!
Triangle Pattern Breakout in Nifty50!
Nifty50 formed a Triangle on a daily Timeframe. Today It has given breakout and closed above the resistance trendline. We can expect further upmove in Nifty50 in upcoming trading sessions. Rest of all Analysis is on the chart please take a look.
Entry = Depends...
On December 1, 2022, Nifty reached an all-time high of 18,887. However, since then, it has experienced a downtrend. On March 20, 2023, Nifty hit a low of 16,828, which is nearly an 11% drop from its peak within just 109 days. Fortunately, Nifty has recently started moving in an uptrend channel, and on June 28, it broke its previous all-time high. As of June 30,...
Use volume.
Place stop losses.
Use other technical analysis tools.
Buy at support. This is a bullish strategy that involves buying an asset when it reaches a support level. The trader is betting that the price will bounce back up from the support level and continue to rise.
Sell at resistance. This is a bearish strategy that involves selling an asset...
Nifty50 rose by 119 points yesterday based on good quarterly results of heavyweight banking stocks ICICI and HDFC. SBI and Reliance also contributed moderately to this rally.
Today the market is expected to be in the range 17900 on the upper side and 17600 on the lower side.
Short-Term Levels:
Resistance: 0.80 CR Call OI buildup @ 17800 level
Support: 1.29...
