If Nifty managed to push 11154 ++ we Might see a good Bullish market
But If seen a fall below 11070 We may se Bearish market!
Let see and hope for the best!
This is a very good example why everyone says market is uncertain, It can go in with the direction no one have thought of. Stunned from the v shaped recovery, can the markets again go down?
If Nifty will push the price Above 11153+ We might see a bullish market
But, If market will Push The price Down it may again go till the support.
If Broke the Support Buyers Be very very Much cautious!!!!!
NIFTY BROKE THE SUPPORT LEVEL OF 11050 AND NOW HEADING TOWARDS THE DEMAND ZONE (10800-10850)
ALSO THERE IS TREND-LINE SUPPORT ON DAILY CHART NEAR THAT LEVELS
WE MAY SEE A BOUNCE BACK FROM THESE LEVELS OF 10800-10850
IN CASE IF HEAVY SELLING COMES AND BREAKS THE DEMAND ZONE AND TREND-LINE SUPPORT WE MAY SEE THE LEVELS OF 10400-10485 AS THERE IS A GAP PENDING AS...
I hope you can now see how Nifty represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that the...
As seen in the chart,
If we see market moving above 11130 we may see bulls attacking
OR
If we see market pushing towards 11015 We may see bears Dancing
Lets see and hope for the best
*IGNORE THE PREVIOUS ANALYSIS*
This week will be very important for the indexes as tomorrow the RBI will start its three-day meet which will end on August 6th . This will end up making the picture look murkier. The indexes are at a critical point. However, the Bank Nifty is looking in a worse state than the Nifty .
Coming to the Nifty , the index is holding its...
Last week Nifty consolidated between (11000-11300) range.
It is expected to remain in the consolidation phase this week.
Levels are mentioned on the chart.
On up side 10400 will act as a resistance and if it sustains then might give move upwards to (10540-10600)
On down side 11000 will act as a support.
(10855-10900) & (10680-10745) are the key levels
$Nifty Crucial Level
At current level support
is around 11020-10850
on the topside level
of 11300 can be seen.
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Updated on : 01-Aug-2020 10.00pm
Disclaimer: Only for learning purpose.
Note: This is for educational purpose only.
Nifty has taken dynamic support previously on 50 EMA level. Hammer pattern seems to have formed on 50 EMA again. This level coincides with short term trend line support. However, the next candle is not bullish enough to close above the high of Hammer candle. RSI is below 50 which indicates loss of momentum. If next...
Nifty consolidated above the the strong resistance line last week making it a strong support now. On 15min chart the index has formed a flag pattern. Resistance of the flag is around 11240. break 11240 can take the index towards 11300. support for the index lies near 11130 followed by 11080. Only a move below 11160 can take the index towards 11080. Right now...
Nifty closed at a make or break point on Friday. If it breaks down further from here, it looks weak and there is a chance of a strong downward move. Wait for confirmation for any further trend before taking fresh positions.
