Nifty possibility of short covering and it will break ATH if it sustains above 18888 level. and it can go all the way to 19030 level.
Buy above 18833 level
Sell below 18797 level
nifty has long trend line support at 18404 level. if it breaks then more fall possible. if it takes as support then we can see the 18600 level by monday.
Buy above 18570 target 18595, 18646,
sell below 18484 target 18438,18383
Nifty is forming rising wedge & Head and shoulder pattern in daily timeframe if nifty daily candle closes below 17810 possibilities of reaching 17000 level.
Nifty 16000 in October?
Nifty is forming Flag Pattern, any exit of channel lower line we have strong support around 16800 only. Incase if this is compromised and closes below 16800 we can expect further down fall and probably 16000 will be tested in couple of weeks time.
We have Daily Time frame - 100 SMA and 200 EMA Support at this level 16800. If this holds we...
In this chart I want to try plot of Nifty weekly chart. if Nifty break Resistance Zone level Nifty may touched 20000 level. if nifty sustained below 18000 than it may crashed & reached 14200 level.
by
PNJ Investor & Traders
Hi guys,
Today's expiry session was very much volatile but one would have managed this volatility if he would have known where are the major supports of trendline in short time frames.
Although today the expiry happened on the major support of Trendline A & B. Both the trendline played as a major support in Nifty. However, If you zoom in it just expired exactly on...
Here I have shown Your the Support and Resistance (i.e., Supply and Demand zones) of Nifty 50 of Daily,15 mins and 5 mins.
How Price action works in the supply and deman zones.
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Market Outlook:
I am Bearish on the...
In December Nifty give breakout of his life time high trend line, for January nifty took support of that trend line and maintain to stay above that line.
In monthly chart wave completed at 6357, wave completed at 2252,
and in wave may be 5th wave is running from 7511.
38% projection of that wave (5) is already achieved but it is below earlier high and 61% is coming at 13598. so wave (5) completion range can be 12428-13598.
Refer the chart for monthly expiry of nifty.
Supply zone @ 9285-8415
Supply zone @ 9175-9210
Minor resistance @ 9115
Demand zone @ 8900-8980
Demand zone @ 8760-8830
Major Demand zone @ 8400-8490
In monthly chart decline from 12428 can be wave C of irregular correction(Nifty can bounce again for new high in that case) OR it can be impulse wave A(Nifty can decline again for a new low in that case). 6338 is an invalidation point for this wave count.
Hey Guys, How's your Saturday panning out ?! Today we are going to do an analysis which is different from our usual style. Actually we are gonna take Xauusd & Nifty for comparing the market dynamics & to realized how they work in sync. I had this in back of my mind for a while but cudn't post due to other works, so Now its the time.
Take a look at Nifty what...
