Nifty has been taking resistance from its 20 ema on hourly and 15 minutes time frame. There isa bearish moving averages crossover on 4 hour time frame. The markets are for scalpers now, intraday and swing trades can give losses in option buying. Support :- 17000, 16940, 16850 Resistance :- 17090, 17150, 17200-10 Just wait and watch the market before entering...
Gap down opening in nifty. Expected opening near 17050 level. After opening if it's starts trading below 17050 level then possible further downside upto 16900 level in nifty. Any upside movement only possible if it is sustain above 17080 level.
HI Is it a 1st Wave Extension?? Generally they form during the trend change or during the start phase like the IPO or during Triangle Corrections. In 1st Wave extension, the 1st Wave is the Biggest wave and violent too. (714 Points) 2nd Wave does not exceed .38% of 1st Wave (Generally its .23%), but upto .38% is the general rule.(Should not have gone above...
understanding trends through supports and resistances.
Hi. Its a 2 hour Chart, and we can see that, it seems to a Head and Shoulder pattern, with most of the pattern aready completed. Now the Right Shoulder is forming, which should not break the highs of 17442. (If it breaks then the pattern is invalid). Now the High from the Head is 18090 and the lows of the right shoulder is around 16978. Which gives a total points...
Nifty will open gap up in today's session. Expected opening above 17000 level. After opening if it's starts trading above 17050 level then possible upside rally upto 17180+ in today's session. Any downside only possible below 17000 level.
Nifty consolidated whole day and was dropping little by little. A moving average crossover is there on a 60 minute time frame. The globe markets closed in red on friday and a gap down was expected. Market has been taking resistance from its 20 ema on smaller time frame and has closed just near the resistance levels. Support :- 16900, 16830 Resistance :- 17000,...
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.
Hi guys in nifty is in support zone please wait for an engulfing candle and go sell
Hello Traders, +++++++++++ Nifty-25/04/2022-Levels -------------------------------- If Market Opens as a- GAP-UP: Support of IMP (BUY) – Rejection of IMP (SELL) FLAT: Support of IMP (BUY) – Rejection of S@1 (SELL) GAP-DOWN: Support of S@2 (BUY) – Rejection of PDL (SELL) _______________________ Happy Learning and Trading Rules to fallow... 1) Trade with...
What I said last week was that the setup was good for a significant downside. I was anticipating that Nifty will breach 17000 and coincidentally, this is what happened. There are times when Goddess Saraswati blesses my keyboard. Hope the blessings continue. Now the following is my analysis for coming week based on what I am looking at (You may want to open image...
Nifty has made indecisive candle on weekly chart . Cutting high and low of doji will decide the move for further. For now we will again test fresh lows of 17050 And if sustain below 16800 on strong closing by daily candle road for 16600/16450 will be smooth. For fresh buying Only buy above 17450 closing on daily basis.Nifty will take resistance at each different...
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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.
Hi guy's we give signal yesterday nifty broken the channel pattern
1. #NIFTY50 has now retested 16800-16840 Support Zone 5 times in 4 Months. 2. It is bearish as long as trading below 17300 DCB. 3. 16800 is by default an all important support which once broken and sustained on closing basis may force NIFTY to retest Support 1 and 2 as mentioned. 4. It's too early to call out for such falls but as a trader one needs to know the...
FOR TOMORROW : We can only take position after 17463 taken out & on the below side 17343. If we want to play inside then trade with smaller qty.
Nifty will open gap up in today's session. Expected opening above 17200 level. After opening nifty will face immediate resistance at 17270 level. Strong upside rally possible above this level. Any major downside possible below 17050 in today's session.