NIfty has given breakout on the downside from the consolidation zone and moved towards 17500, took support there and finished the week at 17600.
It is highly unlikely that downside is over and that it may open with a gap up scenario even if global cues are positive. A flat open is not tradeable as Nifty might move to upside or downside and no way of knowing what...
Nifty is standing just below 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 17586 then it may also cross 17535 and may reach...
Expectations for Today: Volatile day
Intraday Levels:
Buy Above - 17670
Sell Below - 17480
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InvestPro India Team
17672 above break trendline and horizontal Resistance break then buy
17672 important resistance go for shorts nifty tomorrow okh
17500 majar round levels support
NIFTY 50 index is forming a cup and handle top formation on the hourly chart with 17780 as its base. A breakdown below this level can take the price down to 17300 zone.
Keep watch.
The market after a consolidation zone has given a break down and has closed below 20 ema on the weekly time frame. The market consolidated for 4 weeks and has now shown some negativity.
Nifty has taken support from 200 ema on the dialy time frame and closed near 17600 levels. Market can take a halt for 1-2 days and continue the fall possibly testing the 17k...
DISCLIMER
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your...
NSE:NIFTY
Observations:
1) on 15min TF we can see some support and resistance channel.
Please refer below chart : 15min time frame.
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Trade Setup for 30-01-2023
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...
Major Support 18000-27
if 18000 break downside then next
target will be 17800
if nifty got support on 18000 then
upper target will be Max 18250
Major Resistance 18170-250
if market break 18250 level with volume then market will be ultra bullish and Up target will be then 18370
Note: but international sentiment is bearish so if market go upside then it will be...
Nifty Confirm Targets with Support and Resistance For Monday
Next Weekly Expiry on 02 Feb 2023
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 17434 - 17445
Second Support Zone For...
![NIFTY: Simple Trade Setup | NIFTY | 30-01-2023 [INTRADAY]](https://s3.tradingview.com/y/ykmUAE6o_mid.png "Simple Trade Setup | NIFTY | 30-01-2023 [INTRADAY]")
