Just as we had stated on the 21st of November 2022 itself, about the probability of Nifty achieving its target of 18500. Similarly, it was finally yesterday that Nifty managed to not only achieve this stated target level, but did also make a 52 week high of 18529.70, along with an all time high closing of 18484.10.
Moreover, since today is the last trading day of...
In this chart I want to try plot of Nifty weekly chart. if Nifty break Resistance Zone level Nifty may touched 20000 level. if nifty sustained below 18000 than it may crashed & reached 14200 level.
by
PNJ Investor & Traders
Hi everyone, Nifty50 index analysis on 1D chart rececntly we`ve seen fall in nifty50 index after it breaks daily support 17,600 & bounced from 16,760 (level identified from harmonic xabcd pattern level 1.618) now nifty50 index can test it`s support 16,760 and if breaks can go between (16,300-16,150) level indentified from harmonic abcd pattern level 1.618 price...
Performed very well on our level.
Target one- Achieved (Gap up)
Target two- Achieved (normally)
waiting for target three then nifty can go in a profit booking zone for the upcoming week then again it will run like a bull for Diwali.
As discussed NIFTY SHOWED REJECTIONS AFTER GAP UP OPENING AND FELL MORE THAN 200 points
Must watch the given levels ! The market could be confusing and tricky because of high volatility due to monthly expiry
Currently trading in NO trading zone unless the following level breaks ✅
NIFTY AT VERY CRUCIAL LEVELS ,
WE CAN SEE MULTIPLE REJECTIONS FROM THIS AREA RANGING FROM 15270 to 15350, so for now it’s very risky to make any new long positions as of now until it breaks the following level with good volume and candle closing !!
Else expect a short retracement and can buy on RETEST on given support 14970
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 ✅
All levels mentioned in the chart what has been tested multiple times and expected some good move if broken with proper candle close in upcoming trading sessions ✅
Nifty-Fut: Last Closed @ 14622
Crucial Support @ 14430_________14370,
Yes, ANy Decline or panic Will Think for buy, Only, if mkt, Not JUmp, and DIrect panic from These level, Then only in panic we will Buy,
UPSIDE HURDLE @ 14747_14770
if nifty Stay above 14770, THEN small rALLY WILL ZOME Upto___14870___14947
ON RISE, WE WILL SELL,........ #kingresearch
Buy PE when Nifty go below 14463
Buy CE when Nifty go Above 14700.
Note: If Gap up opening is happen on Monday, You can hold PE till Nifty Below 14700.
.
If you Agree with me. Smash the Like button. Comment below your suggestions
nifty is going to open more than 200+. At opening (b) control price can react as resistance, otherwise, the next resistance at (a) controlled is too far at 9414 nearby.
There's more chance to get a fall on nifty.
As per the time cycle nearby date 20 April, we may see nifty 8800 below.
