Nifty is Ultra Bullish as predicted, you can short for scalp at the zone near the all time high with very small risk. Zones & Levels Above- 18874-887, 18917, 18975, 19033 Zones & Levels Below - 18807-823, 18756-770, 18700-710, 18649-641, 18598-591
NIFTY is experiencing a pull back, don't get bearish as of now Zones and Levels to watch in intraday Zones & Levels Above - 18625-638, 18701-719, 18764-777, 18820-839 Zones & Levels Below - 18542-531, 18458-478, 18303-324, 18202-214
Nifty will obviously follow the path of Bank Nifty towards All Time High Levels & Zones Above - 18520-538, 18612, 18669-692, 18799-821, 18874-881 Levels & Zones Below - 18415-435, 18303-324, 18202-214, 18042-057, 18958
Intraday Levels For the week following 22nd May 2023 Levels Above - 18197-218, 18297-307, 18451-473, 18520-538 Levels Below - 18042-071, 17957, 17836-851, 17711-736, 17612-626
Nifty seems to be bullish yet following are the zones and levels to trade with good R:R Zones Above - 18387-389, 18473-457, 18520-529, 18612, 18669-692 Zones Below - 18180-195, 18104-124, 18042-071, 17957, 17836-851
Nifty Zones Zones Above - 17842-856, 17904-922, 18016-034, 18120-134, 18184-201, 18238-250 Zones Below - 17799.95, 17727-17739, 17651-17665, 17502-535, 17315-330 Nifty seems to be very strong as per today's close, few sectors are supporting Nifty strongly, although most of the sectors are over bought, but price action suggests otherwise
NIFTY is still in the range and moving in a triangle on daily time frame. Zones Above - 18160-178, 18238-250, 18300-318 Zones Below - 18955-926, 1778-764, 17724-278
Nifty has formed a Bearish Harami pattern on Daily time frame, if it breaks todays low 18063, 150 pts down move is clearly expected with in a day or two. Nifty Levels Above - 18161-183, 18238-250, 18300-318 Nifty Levels Below - 18038-052, 17926-948, 18876-853, 17778-764 Nifty will behave similarly volatile till it remains between 18265-17747
Nifty is still in a side ways volatile trend, till it remains between 17750-18250 Zones Above - 18010-17990, 18076-054, 18112-135, 18238-250, 18300-318, 18445-473 Zones Below - 17945-967, 17897-884, 17828-815, 17778-764, 17728-724, 17662-647
On 4th it may react to US markets towards the down side, but it will turn upwards again and the levels Above - 18238-250, 18300-318, 18445-473 Below - 18192-174, 18135-123, 18092-073, 18015-17992
Nifty today has closed above a strong trend line, next resistance for nifty is 18223-233, if it breaches it will touch 18300 easily. Down side demand zones are at 18158-145 & 18092-073
Nifty lost its steam of bullishness as of now, it is in a range where dias is undecided only if it breaks and closes below 17770 on Daily closing basis it will get Bearish & if it breaks and closes above 18710 on Daily closing basis it will get Bullish in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
Nifty took a good bull run today with good recovery. Next strong resistance is 18206
nifty has recovered today, it was a pure short covering. I have given accurate levels and zones of reaction in the above chart, kindly trade only on levels.
NIFTY 50 as per my message on 25.06.2022 exactly after breaking 16560 level made a low @ 16475 level and closed @ 16483. FII have once again begin to be the Net Seller with 1548.29 Cr and DII Net holding with 999.36 Cr . If Below 16400 then Target 16207 - more possibility to happen... If Above 16850 then Target 17090 Anticipating Nifty 50 to open with a Gap...
Nifty broke 18000 yesterday and continued trading below it indicating further weakness in price, it also broke a rising channel pattern giving bearish bias now. Until it trades below 18k we can see 17800 level soon which can be a "support" and after that next support is at 17600. Looking at the upside we still see 18000 as a barrier.
The idea is just to see the wider picture what might come ... Happy trading :)
Disclaimer: We are not SEBI registered analysts.All information/calls posted here are for educational purpose only.