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
Weekly Analysis 16-21 Jan 2023 Trend will be Bullish (80% Chance) Reasons & Knowledge applied 1. uptrend Confirmation with Volume Support 2. Type 2 Strategy of Uptrend 3. Price is Above on Fib 50% Level Major Week Support 17900 & 17760 Major Week Resistance 18140 & 18390 above 17880 full bullish before entry just check Volume should be high from prev candle...
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 has been forming higher lows and is currently in a bearish wedge pattern. But it has stayed afloat above 18200 after multiple drops below it which was the retracement level of overall trend from 18887 to 17774. So bias is long since it is holding the level of 18200 and there are multiple supports below. If Nifty opens flat potential upside towards 50%...
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 history pattern analysis.. expected target 23000 in next 400 days if break last ATH 18600 in this or next month. Chart is self explanatory. Disclaimer..only for educational purposes not a tip or advice
Nifty taking support at previous broken resistance zone If able to sustain, it may edge higher 16750-800 may act as strong level in coming days If holds then may edge towards 18100-150 zone again Buy near support
NIFTY 50 managed to close in Green @ 0.69% though there had been initial selling. Now the concern is SGX NIFTY falling in Red @ 0.54% . - " Hope its a Restracement " Again FII turning as Net Seller with moderate 675.45 cr and DII again Net Buying back with 739.38 cr - "Hope its just a Profit Booking Friday" NASDAQ down in Red with 2.37% @ 11.47 pm Indian...
2nd wave of the 5th wave have ended, 3rd wave of the 5th wave has started. nifty also consolidated today and formed a bullish flag patter and it gave a good breakout so expecting a gap up opening of minimum 120 points tomorrow after the completion of 3rd wave expecting a quick fall as a retracement above details are purely for educational purposes only
Based on supply and demand zone the ranges of Nifty50 for the week 14Mar2022
i think market wii be sideways to bullish tommarow my analysis is only for educational purpose
Forming an ascending triangle pattern !! Don’t short unless this ascending triangle is broken below and sustains if not broken we can see a trending move of over 200-300 points move in a single day ✅
Ready to resume its bull run Next resistance is to look at is 14665-14700