Nifty will open gap down in today's session. After opening if it's starts trading below 16550 level then expected further downside upto 16350 level. Upside movement only possible if it is sustain above 16600 level.
SENTIMENTALS AROUND THE WORLD ARE NEGATIVE !!! NATO HOLDS the meeting, that has to happen TODAY ! RUSSIAN-UKRAINE conflicts led INDIAN MARKET to respond with HUGE VOLATAILITY . as clearly SGX is down by 130 PTS , OPENED around 16574.5 ! it is falling further now too !! FALLOW @VK2413 for further UPDATES !!!
Nifty is formed a double top chart pattern and presently it is at a very crucial level of 16800. Due to outbreak of war in Ukraine and NATO involvement in it on the behest of US and likelihood of LIC IPO getting delayed, there will be a negative sentiment in the market and If it breaks the crucial level of 16500(Plan to sell below it , no buying today) there could...
The Head & Shoulders Pattern forming on Nifty is pretty much visible to everyone. But there are various possible scenarios on where Nifty could turn more bearish or bullish in next 1-2 weeks. Scenario 1: - Nifty could immediately turn from tomorrow onwards as there is a convergence of the neckline drawn from the close price of 20 Dec, close of 14th feb and low...
Understanding trends through support and resistances.
16818 would be major Resistance for market. If market taken-out that resistance then for sure we will see 17022 level ASAP (GAP FILL PENDING). RESISTANCE : 16818 / 16908 & 17022 Support: 16747/16628 & 16531
Nifty will open gap down in today's session. Expected opening near 16600 level. After opening if it's starts trading below 16550 level then expected further strong downside upto 16350 level. Any upside direction only possible if nifty sustain above 16600 level.
Strong resistance is at 16830 but as per descending triangle pattern it looks like to be making new bottom.
NSE:NIFTY In worst case of current global situation if this war continue then nifty might fall till mentioned bullish PRZ of these two patterns. just keep this in mind before taking any kind of trade. please take maximum conformations before taking any long. Trade as per your trade setup and keep strict stop loss. safe traders should avoid trading....
Understanding trades of banknifty trends for 25.02.2022.
Market is high on volatility taking cues from Russia and Ukraine tensions and the Fed rate hikes in march. All the levels as per my analysis are mentioned on the chart. I prefer to take limited trades in such volatility and that too on the levels. Follow for daily analysis .
Market is high on volatility taking cues from Russia and Ukraine tensions and the Fed rate hikes in march. All the levels as per my analysis are mentioned on the chart. I prefer to take limited trades in such volatility and that too on the levels. Follow for daily analysis.
Nifty after a strong rally is consolidating and forming a flag pattern and also currently trading at 61.8 Fibonacci (Golden Ratio) Area.
Nifty is making lower lows from past 3-4 days, which is not a good sign. It is also possible that some profit booking is going on amidst of Russia Ukraine conflict. US Fed and Int rate also posing threats. Nifty true colour will be visible only after the conflict is over. Be careful.
If Nifty breaks 17220 then the Inverse head and shoulder formation will be complete and I'll short it till the targets with a strict sl. Sell below - 17220 Targets mentioned in the chart above. Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Be sure to follow so that you don't miss any good trades...
NIFTY will open slightly gap down in today's session. After opening important level for nifty is 17250. Below this level further 100+ points downside possible in nifty. Bullish rally expected only if nifty starts trading and sustain above 17280 level.
Nifty throughout this week has been trading with high volatility with the concern of Russia & Ukraine war tension + USA rising inflation, the market tends to factor in the news seems like this is going to remain until the end of Feb month or the confirmed decisions, there will be high volatility tug of war bulls and bears on chart reading & day trading...
the major trend of nifty is down and it's at resistance if it breaks mark level on charts sellers may active to sell more. please like and follow if you like my ideas thank you !!