Dear All, Yesterday was a day where we had once again witnessed the significance of 17800 as a crucial level of Resistance . Also, a huge supply pressure that was observed yesterday, is somehow indicating that the Market is currently in a rangebound of 16800-17800. Besides, a perfect bearish engulfing pattern on the day chart of Nifty, is somehow...
As today nifty shows weakness, then recovery of near 100 points after being sideways sometimes. on 18 April also we may seen sell on rise in nifty 50. Resistance can be seen near 17750-17770 range with Sl of 17820. Below support can be seen at 17685-17650. This is pure for intraday.
Nifty Trading Levels For Tomorrow’s Trading Session Resistance 17750-17770 Towards Target of 17850 With SL of 17740 Support 17570-17550 Towards Target of 17500 With SL of 17570
In the recent downtrend starting from 2nd December 2022, Nifty has corrected by more than 2000 points or nearly 11%. Of course trying to be intelligent the reason could be blamed upon FII Selling. But if we look at the charts of Dow Jones and S&P 500, a better and clear picture to the entire correction can be understood., The fall starting 2nd Dec 2022 was clearly...
Nifty is near its strong resistance, profit booking could be possible today.
Dear All, So, it has been back to back two weeks now, that we have been witnessing the magic of the Morning Star formation on the weekly chart of Nifty. Moreover, we have observed a V-shaped recovery in the Index, i.e., from 17800 to 16800 and then from 16800 to 17800. Well as of now, the Index is trading at a very crucial level of 17800 ....
Nifty PSU is at important levels. Tomorrow opening of this sector is important to note whether Nifty PSU will give breakout or spend more time in range / consolidation .
NIFTY will be in near major resistance zone soon. Today;s high should be break tomorrow to go further till resistance and started creating doji type canlde. lets wait & watch today's price actions. Like, Share, Comment for regular updates. Disclaimer I am not sebi registered analyst My studies are Educational purpose only Please consult with your Financial...
NSE:NIFTY 17800 act as resistance, wait for breakout if breakout confirm then our target is 17850-18000. 17750 can act as support level consider shorting below this level, next support is on 17650 Happy trading :) Rana Sandeep Singh Analyst, Trader, Investor Detailed daily index analysis at in.tradingview.com/u/starkwelt/
Dear All, So finally yesterday, we had witnessed a wonderful rally of 1000 points in Nifty from the level of 16800 in the last 7-8 trading days. As Nifty had finally made a closing of above 17800, yesterday . However, yesterday’s closing is somehow indicating us to be a little cautious here, as we can observe a hanging man formation on the day chart of...
The FASP for BankNifty is listed for 13-04-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Nifty has been in a very bullish trend and has recovered almost 900 points from the lows of 16800 to 17700. Although this bullish trend might continue but some retracement is due and various factors are going to hamper its up movement from here. 1. Trendline joining Covid lows and the previous swing low of June 2022. 2. Trendline joining previous swing highs...
Nifty Trading Levels For Tomorrow’s Trading Session Resistance 17830-17850 Towards Target of 17920 With SL of 17820 Support 17770-17750 Towards Target of 17700 With SL of 17770
Nifty analysis Time frame :15 minutes Analysis :Moving average 40 is outside of the trend line .So, if the red candle closes below the moving average 40, then we can place a SELL call below that closing red candle. For example, if the candle closes at 17684, then we can place a SELL call at 17680 with STOPloss 17788 and we can expect a target up to 17440 with...
Dear All, We can once again see a Doji formation on the chart of Nifty, which is quite a good indicator of a fight between demand and supply. Indeed this fight is quite natural as we are currently at a very crucial level of Resistance of 17800 . Besides, it was since the level of 16800 that we have always been bullish on Nifty , for a bounce back...
Hello Traders, Welcome to SriTrader5121 ____________________________________ Nifty-12/04/2023-Levels IMPORTENT ZONE FOR THE DAY : 17695 - 17704 Possibilities of Today market open... Possibility 1: FLAT If market open as a FLAT and moves to UP-SIDE then BUY with the Support of PDH and SELL with the Rejection of PDH. (or) If market open as a FLAT and...
The Nifty index has been consistently reaching new highs, but our team at Damis Investments anticipates a potential short-term decline due to the fact that this upward momentum is primarily driven by news. In order to support our bearish stance, we would like to share with you the specific levels at which one can take a short position. According to our analysis,...
Nifty has been respecting the previous low in the intraday moment and has formed a doji on the daily time frame. It has started trading and sustaining above the moving averages. The market has been trading in a range after a gap up. Wait for the market to cross below or above the previous day high or low and trade only once there is a break out or break down. On...