Today will be slightly gap down opening in nifty. After opening if it's sustain above 16220 level and starts trading above 16270 then possible upside rally upto 16400+ level. Any major downside possible below 16220 level.
Nifty has made a wammie bottom on the 4-hour timeframe chart. It is forming on the descending channel.
Currently, Nifty is facing resistance on the upper band of the descending channel. There is a strong resistance as well as a confluence zone of 16400 . If nifty breaks the resistance level of 16400, it will be confirmation of an upward march for 16518 – 16708...
Nifty will open gap down in todays session. After opening if it's starts trading below 15950 level then possible further downside upto 15740 level in today's session. Any upside movement only expected if it's sustain above 16030 level.
Today will be gap down opening in nifty. Expected opening below 16000 level. After opening if nifty starts trading below 15950 level then expected further downside of 100-200 points in nifty. Any upside movement only expected if it is sustain above 16000 level.
Nifty opened with a gap-up around 16327 and after making a high near 16400 we saw selling as expected and Nifty made a low below 16220.
Tomorrow, if the Nifty breaks 16190 on the downside, we expect to see a downmove.
Expectations for Tomorrow: Volatile day.
Buy Above - 16350
Sell Below - 16190
To motivate us, Please like the idea If you agree...
Gap down opening in nifty. Expected opening near 16250 level. After opening if it's starts trading below 16200 level then possible further downside upto 16000 level. Upside 16400 level will act as a resistance for today's session.
Nifty has started its indecisive movement again. Triangle is the best example of a choppy correction , and the break of the structure can give us an excellent opportunity for trading decisions.
Price Action Perspective:
Currently, the price is at the control line of the parallel channel.
Traders are getting trapped in the choppy move of the market. It is hard...
Nifty will open slightly gap up in today session. Expected opening near 15900 level. After opening if it's starts trading above 15900 level then expected upside rally upto 16080+ level. Any major downside possible in nifty below 15800 level.
Gap down opening in nifty. Expected nifty open near 16450 level. After opening if it's starts trading below 16400 level then expected further downside upto 16220 level. Any upside rally only expected in case it sustain above 16450 level.
Nifty will open gap down in today's session. After opening if its starts trading below 17060 level then expected further downside of 100+ points and this can be extend in case it breaks the 16930 level. Any upside only possible if it's starts trading and sustain above 17080 level.
Nifty Will open gap down near 17250 level. After opening if it's starts trading below 17220 level then expected further downside upto 17060 level in today's session. Upside rally possible if nifty sustain above 17270 level.
Nifty will open gap down in today's session. Expected opening near 17250 level. After opening if it's starts trading below 17240 then possible further strong downside of nearly 200-250+ points in nifty.
Since the Last blog on Nifty, we came across plenty of news, including repo rate hike, Fed rate hike, war-related tension, and inflation.
The entire global market reacted to it with extensive selling.
In the Indian market, FII has sold more than 17000 crs of their holding, which is equivalent to October 2021 stats but this month we still have half a month to...