The global market marks a neutral start. Market sentiment is neutral to slightly bullish. If the market breaks the previous day's high, expect a minor rally. If that rally continues, we expect (Nifty 17818 to 17862, BankNifty 40253 to 40370). On the other hand, if the market opens negative, it is a sign of range-bounding. At minimum, we expect a 23 to 38% fib correction.
Today's will be flat opening in Nifty. After opening if nifty sustain above 17680 level then possible upside go upto 17780 level. And reversal chances at 17780 this level and this can extend for further upto 17520 level in case nifty starts trading below 17630 level.
MINDTREE is near their target. very sharp fall seen in this stocks.
Just as we had stated yesterday, similarly Nifty still seems to be in an indecisive mode. So, the level of 17800 will now be a trigger. Above the level of which, we can see a sharp rise in the Index. Moreover, this sharp rise can be utilised for partial profit booking. Also, till now, the stated level of 17300 has been a very crucial support level for the Index....
Support & Resistance By Price Action Strategy for Nifty50 RESISTANCE ZONE 1 - 17696- 17680 RESISTANCE ZONE 2 - 17777- 17765 SUPPORT ZONE 1 - 17625 - 17636 SUPPORT ZONE 2 - 17487 - 17498 SUPPORT ZONE 3 - 17346 - 17361
Demand Supply zones, levels and channels on intraday charts. Kindly follow them to get best R:R
Nifty is standing inside a strong resistance zone of 17635 to 17684. if nifty moves above 17684 then it may also cross 17731 and may reach 17780. between 17780 to 17829 is an Extremely strong resistance. if nifty crosses over 17829 then it may also cross 17880 and may reach 17926. if nifty moves down below 17635 then it may also cross 17586 and may reach to...
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NSE:NIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
NIFTY Intraday Trade Setup For 6 Sep 2022 Buy-Above 17685 Sl-17630 T-17557 17837 17918 Sell-Below 17618 Sl-17670 T-17563 17518 17470 NIFTY has closed on a positive note with 0.7% gain. NIFTY is still inside the mother candle's range. Move is still pending either side. Last day we planned to buy above 17625, it was triggered and gave more than 55 points which...
Nifty remained in green whole and consolidated in the second half of the trading session In the initial hour the market gave a nice movement but couldn't cross the level of 17670. On the 15 minute time frame, a bullish moving average crossover was there and market respected the 20 ema. Support :- 17620, 17480, 17380 Resistance :- 17675, 17710, 17830 Wait for...
SGX Nifty indicated a neutral to slightly negative start. Market nature is neutral. If the market breaks below the minor trend line , expect a minor correction. That correction should not break the previous swing high. On the other hand, if the market reverses immediately, it is a sign of a range-bound market.
Today's will be slightly gap down opening in Nifty . After opening if nifty sustain above 17560 level then possible upside rally 100-200 points. Any downside expected below 17500 level.
NSE:NIFTY1! 📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas. If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
i am sharing trade setup for 9 sep. in nifty. this is only for educational purposes.
Good Morning! Just as we had stated on the last trading day as well, similarly, we can see that the index continues to trade within its consolidation zone of 17300-17700. It seems as if the index is somehow creating a platform for a new rally. Besides, we are still with our words that with the support of 17300 we are still positive on the Market, subject to any...
Nifty is in a consolidation phase with extreme volatility in response to global cues. In a sense, the current market situation is not good after hawkish statements from Jerome Powell where he affirmed the hawkish stance the feds are willing to maintain in order to curb the rising inflation. The whole scenario is somewhat US mediated as the inflation was triggered...
Hello traders, Here are few observations on Nifty that I would like to share with you. ✅ Tools Used >> Bollinger Band (BB) (20,2) >> RSI (14) >> Candlesticks Chart (Daily) ✅ Reversal Trade Setup Criteria >> Price outside the BB for the second time with a higher high (HH) or lower low (LL) formation >> While price is outside BB for the second time, there is...