In a perfect ASCENDING TRIANGLE PATTERN which is a bullish continuation pattern ✅
Strictly Don’t short or create any short position unless NIFTY sustains below 14600
Currently trading in very crucial levels which is 14700 level which is also a psychological level and it has also been a NECKLINE of the W pattern it broke out from and this level is tested...
After huge gapdown Nifty is consolidating! We may expect some movements in second half
Major Resistance:14900
Major Support: 14750
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> Monday Morning SGX Nifty was showing some positive start.
> Our market gapped up because of this reason.
> We have seen that FII's where net buyers on Friday. Using todays gap they must have booked their profits.
> FII EOD data is negative today.
> Also nifty has strong OI support @ 14900. breaking 14900 can make a lot of put option sellers to unwind their...
All levels mentioned in the chart what has been tested multiple times and expected some good move if broken with proper candle close in upcoming trading sessions ✅
Exactly reversed from our given resistance as you can see
Next resistance to watch is 14600
And next support being 14400
Could be a trending if breaches 14400✅
New open interest resistance have moved to 15500 above the all time high. Nifty has reached overbought area. World market are around the all time high and now they are seeing profit booking. Same thing can happen here also. Last two days we have gained more than the world market so selling can happen to save the profits. Do look for selling at high. Support can be...
