Nifty has traded inside a 100 points range and closed almost flat. A red candle has been formed after a gap up opening. On the hourly charts, market traded below the 20 ema. Today it remained in a range and made difficult for the option buyers. A constant rejection from 19700 level was faced by the buyer and market was unable to cross and sustain above it. On...
Nifty on the daily charts have formed a red candle losing 72 points. The market has closed below 19700 and on the hourly charts, after taking multiple rejection from 20 ema, it closed below the levels. It has been trading in a parallel falling channel. It also gave a fake out but couldn't sustain above it. On the hourly charts, evening star pattern formation...
Nifty is forming new highs daily and today it has closed near the high as well. It has formed a dragon fly doji and is supported by other index too. There are good chances of hitting 20k levels in july series. On the hourly charts, it is trading in a rising parallel channel pattern. Tomorrow is weekly expiry and breakout/breakdown can give good targets. The...
Nifty will be gap up opening in today's session. After opening nifty sustain above 19410 level and then possible upside rally up to 19540 in today's session. in case nifty trades below 19360 level then the downside target can go up to the 19230 level.
Nifty today consolidated and remained in a 100 points range. The market tested the lower levels of 19330 and recovered from the levels. Market on the daily time frame, has formed an inside candle and has closed below the 20 ema on the hourly charts. It is holding and recovering from the lower levels which signal a positive move in the coming days. On 15 minute...
Nifty has been holding the highs for long. But during the last trading session market has given a bearish engulfing candle and formed a gravestone doji on the weekly time frame. The market has given a red candle and closed 165 points lower. Profit booking and retest was required and market has retraced to 23.6% fibonacci levels. On the hourly charts, the market...
Timeframe: Daily Nifty has accomplished its double three correction (w) - (x) - (y). Price had risen rapidly after the completion of wave c of wave (y). According to the wave principle, Nifty can only confirm its trend after breaking wave (x) of a complex correction. So, the price must have sustained above 18111 . It is also a higher low, and the price may...
NIFTY is slowly creeping toward the resistance level. I am expecting price to pull back after reaching the 18800-19100 level. Keep an eye on bearish price action at the resistance level and sell with initial target at 18400 and final target at 18100.
Support at 18556 Resistance at 18573 R1 TGT- 18591 R2 TGT- 18615 S1 TGT- 18537 S2 TGT- 18514 Just an observation, don't trade on this information or any other information. Teach yourself.
Nifty will be gap up opening in today's session. After opening nifty sustain above 18520 level and then possible upside rally up to 18620 level & this rally can extend for another 100-120 points if gives breakout of 18630 level in today's session. in case nifty trades below 18490 level then the downside target can go up to the 18380 level.
Nifty has fallen in the first half of the trading session and tried to recover some points in the second half. Market on the daily chart has given a dragon fly doji and closed above 18500 levels. The market on the hourly time frame, has formed doji after doji, showing upper wick rejection. The market has started trading below the 20 ema and continuously faced...
Nifty Trading Levels For Tomorrow’s Trading Session Resistance 18580-18600 Towards Target of 18660 With SL of 18570 Support 18500-18480 Towards Target of 18420 With SL of 18510
Nifty Trading Levels For Tomorrow’s Trading Session Resistance 18680-18700 Towards Target of 18750 With SL of 18680 Support 18590-18570 Towards Target of 18500 With SL of 18600
For the last two trading session, nifty has been trading in a similar range and has formed dojis. Though banknifty has been trading new ATH, nifty is unable to capture the previous high. On the hourly time frame, the market has traded inside the first candle and is taking support around 18600 levels. If the markets break down, gap fill trade can be taken. On the...
Nifty is in supply zone of previous two tops. The price breakout must also be confirmed with RSI this time. For bullish bias - one can look at it as a Cup and Handle, when nifty starts trading above red zone For bearish bias - one can look at it as a ending diagonal (Ascending triangle), when nifty starts trading below blue trendline Use discretion!
Nifty Trading Levels For Tomorrow’s Trading Session Resistance 18630-18650 Towards Target of 18700 With SL of 18630 Support 18520-18500 Towards Target of 18420 With SL of 18540
A wide channel formation after trendline breakout.
The market is at a crucial price level and global markets are giving positive sentiments in the short term. However, markets have been choppy recently and must be traded with caution.