Nifty Futures Finally Nifty start closing above 17500 levels. A major trend line from top may act as a level of resistance. The point we are concerned about is the lack of a significant retracement. Near term target May be 18100, with support around 17200-17000 and major support will be around 16750.
SGX Nifty is coming towards the significant resistance 17800 - 17900. We have already seen 2000+ points fall 3 times from this resistance. If it repeats we may see Nifty below the 15k mark by mid-November. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Nifty today started from my zone 16510-16494 and ended at the same zone. Power of Zones and Levels Tomottow i am expecting a corrective move, but global markets are positive by now, lets see how it plays out. Even if its a profit booking corrective move tomorrow, uptrend has not yet completed, kindly note it..
Nifty is standing just above strong support of 16044. if nifty moves up from where it left off then it may also cross 16100 and may reach to the level of 16158. between 16100 to 16158 is an Extremely strong resistance. if nifty crosses over 16044 then it may also cross then it may also cross 15980 and may reach to the level 15931. if nifty moves down below...
IndiaUSD looks weak below 16200 and it can retest the recent lows. More weakness below 15600 which will open gates for the 14500 zone. To motivate us, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
Please note the higher time frame channel in gray colour which i have extended from hourly time frame, do remember diagonal levels are as important as horizontal levels.
nifty didn't had any direction today, but if u observe the charts you will be able to see that it has not got enough strength to move up fast.
Hope the supply zone & median line of uptrending channel, helped you enter first and second trades respectively & the down moving trendline, helped you exit, on Friday, as per my 03 June 2022 analysis
Hope you were able to use the levels today. Kindly note the higher time frame channel and its dotted median line before taking a trade.
Nifty & Bank Nifty have crossed Descending channel and are in the upward channel as of now. If there is any strong breakout of the channel, kindly long with a confirmation candle & if you see reversal candles from the edge of the channel kindly short with a small stop loss above the channel.
nifty now at the tip of down trend channel, lets see how it behaves on monday, my view is it will probably reverse either directly or after a small up move.
Nifty Future Levels for 27 May 2022 Nifty Future Levels for 27 May 2022
Just see the Magic of Levels, worked Awesomely, Keep following and earning.
Hi Everyone, Hope the zones of 24th May 2022 helped a lot in ur trading. Do note my zones are for intraday purposes only, if u scalp on these zones, it will benefit you a lot.
nifty again in narrow down trend channel. even after gap down it will respect my levels. Best of luck for tomorrow friends.
Understanding trends through supports and resistances.
Today Nifty gave a beautiful Double Bottom Breakout, now i can anticipate these two paths A & B, Hit like if u agree. This is an Hourly chart to make u understand the double bottom formation.
Good Morning. On request of my followers i had to now start analysing Nifty Future Chart instead of Spot. Sorry for Delay in posting today.