Zones Above - 17639-654, 17729-772, 17801-812 Zones Below - 17539, 17427-445, 17311-330, 17216-249
Zones Above - 17972-950, 18011-022, 18078-097 Zones Below - 17866, 17719-736, 17654-636, 17353-445
Zones Above - 17945-972, 18122-134, 18184-201 Zones Below - 17748-807, 17353-445, 17216-249
Hello Traders! 1. We can see an ending diagonal forming on the Nifty50 chart on the 1hr tf . 2. The retracement levels have been mentioned which gives us more evidence of the market following the wave pattern. 3. We see a strong trend resistance of the market. Once the resistance is cleared, we can look forwards to buying calls or selling puts, whatever...
Zones Above - 17677, 17762-804 ,17896-912, 18016-032 Zones Below - 17405-439, 17320-327, 17216-249
Zones Above - 18123-18134, 18184-201, 18238-250, 18300-318 Zones Below = 18078-063, 18016-023, 17926-937
Nifty seems to be bullish if it breaks the above trend line and sustain for few hours or a day at least Zones Above - 18123-136, 18161-183, 18238-250 Zones Below - 18078-063, 18032-016, 17955-926
Both indexes seem to ready for up move if the above trendline breaks and price sustains above it for few hours or a day at least
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.