Nifty 50
LTP: 15291.75
Support: 15171.45
Opening interest in increasing in puts over calls. Our support will be 15100 but the stop loss is below 14900. The gap is way more than it should be.
Wait for 15100 levels before going long!
Complete analysis and all the levels are mentioned on the chart.
We may expect a small consolidation range for 1-2 days and then Nifty-50 is likely to continue it's uptrend.
Thanks
SA Financials
NSE:NIFTY
if sustain above 15190 then it might go till Above harmonic PRZ
1st Target 15298
2nd Target 15328
3rd Target 15431
Trade with trailing stop loss, do your own analysis before taking trade.
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own...
NSE:NIFTY has broken its previous resistance and given a strong closing.
The last candle is a Doji which coincides with High RSI.
It can mean that on Monday we can see a possible retest of the levels marked in the chart.
We can also see a possible Gap Up on Monday.
PSU Banks will be strong performers in the coming weeks.
The previous supply zone must now become a demand zone = Change of polarity. In simple words, previous resistance must now become support.
P.S: This is NOT investment advice. This chart is meant for learning purposes only and is a part of my personal journal. Invest your capital at your own risk.
Nifty consolidated before expiry today
As per option chain, calls are written more than puts
Support stands at 15000
whereas resistance is 15200
Gap may act as strong support and also if price tries to break today's high with good volume candle,
then shorts may get trapped and short covering rally may be expected.
Good Morning
I could somehow see that the markets might correct but I couldn't find logic. So, I decided to stay away.
Now, Nifty 50 has support at 15043.70 and resistance at 15170.85 so the risk to reward ratio changes today.
15100 is a crutial level. Open Interest in 15100ce is 2938350 and 15100pe is 2517450. We will see a new upside once we cross and sustain...
Did exactly what we’ve analysed !!
Had been telling you guys not to short and look for long
Also check the last analysis told you guys we can see a trending day of around 200-300 points move in NIFTY in single day and it did happen 🔥🔥
SPOT ON ANALYSIS ✅
Now trading at real crucial levels
As you can see the chart tells you all, multiple rejections from the...
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 ✅
Nifty formed a bullish hammer ( also showing bullish harami pattern ) at 50 EMA in Daily TimeFrame which can be a reversal sign.
Hrly Time Frame shows W pattern, again a reversal sign.
Considering expiry day tomorrow, it might show some volatality in the morning hour / a slow upside and then reach 14700/14800 level.
Though resistances need to be watched as we...
Nifty Futures
LTP: 14549.30
Support: 14502.30
Resistance: 14684.10
Daily charts (long term)
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The charts clearly don't look good;
20 DEMA and 50 DEMA are struggling
RSI has slipped and is trading below 50 mark
But on the other hand, I feel that this is a flag pattern which is a bullish sign
***No Trade! Too confusing.
Hourly charts...
Nifty Futures
LTP: 14897.10
Support: 14703.90
Resistance: 14943.90
Daily charts (long term)
My concern remains the same which is the gap between the 20 DEMA and the candles. 14649.13 is where the 20 DEMA is trading and the candles should hold on to these levels. Breaking these levels and trading below is a sign of weakness. We will have to watch if we hang...
Nifty Futures
LTP: 14855.30
Support: 14683.75
Resistance: 14881.85
Daily charts (long term)
There was a doji on the 23rd of April which is a pattern that suggests a reversal and Nifty futures have been in in uptrend since then.
The candle today has broken a downtrend since 12th March.
20 DEMA is at 14623.03 which will be our first support level.
MACD is in the...
