Nifty is trading @11214. - There is a supply zone above this level @(11252-11290) if it manages to sustains this level then go for the target near 11380 level. - If it fails to sustain the level of 11200 then go short for the target near 11115. - If nifty didn't sustain 11100 level then go short for the targets of near about 11030 level as there is a demand zone...
There's a Head and shoulder pattern happening on 15mins chart.
Just a view on nifty for 7th August 2020. It may remain range bound between 100 points. Nifty may open flat.
nifty has the support of 11100-11050, anywhere you find a convincing green candle in this range you can initiate buy call. and if this level gets broken more fall can be seen. Conversly 11250 is seems to resistance for nifty. same strategy to follow. Means, if you fing a good convincing red candle near this level, SHORT and if broken one can go long. Happy trading...
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...
If nift managed to push above 10930+ we may see bulls crashing Or if 10884 or Further Down fall we may again have to welcome bears!!
Note: This is for educational purpose only. Bearish breakout of channel shown. Levels in Nifty shown.
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
Most probably nifty will be a good bullish market kindly comment and share your views Thanks
$Nifty Crucial Level At current level support is around 11020-10850 on the topside level of 11300 can be seen. If you like, just hit thumbsup button or comment and share. 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...