Nifty has formed another negative candle and closed below the 20 ema. The market took support around 17800 levels.
On the hourly time frame, the market tried to trap the bullish trades. It took resistance from the moving average and reversed giving a nice bearish trade. There is a bearish moving averages crossover also.
The market remained in a 100 points range...
Nifty Trading Levels For Tomorrow Trading Session
Resistance 17900-17930
Towards Target of 18000
With SL of 17900
Support 17830-17800
Towards Target of 17800
With SL of 17870
SGX Nifty indicates a neutral start, but the market nature is bearish. It may start with a neutral. After that, If the market takes to pull back, we expect a minimum 61% to 78 Fib level. On the other hand, if the market declines initially, we expect a correction.
Nifty will be gap Up opening in today's session. After opening nifty sustain Above the 17850 level and then possible upside rally up to 17950 in today's session. in case nifty trades below the 117820 level then the downside target can go up to the 17730 level.
The FASP for Nifty is listed for 21-02-2023. 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 on the daily time frame has closed below the inclined trend line. If it crosses and starts trading below 17800 levels market has test the recent low.
On the hourly time frame, the market has consolidated in the last hour after a fall forming doji. The market is showing bearish sentiments.
There is a bearish moving averages cross over, on 15 minutes charts,...
Nifty on the weekly time frame has formed another doji and took rejection from 50% fibonacci level. The market crossed the 18k levels but couldn't sustain above the levels and closed near 17950 levels.
The market has closed above the 20 ema on weekly charts and it taking support form an inclined trend line.
The market has retested the daily 20 ema and formed a...
Nifty has given a breakout from the downwards trendline after taking support from the trendline joining covid lows and swing low of 15183. It has retested that trendline and took support at that trendline which was also the breakout of the ascending triangle at 17910-17940. It formed a good W pattern in 15 min in this area and moved up but the bullish view would...
Nifty Trading Levels For Tomorrow Trading Session
Resistance 18080-18100
Towards Target of 18150
With SL of 18080
Support 17870-17850
Towards Target of 17800
With SL of 17870
Nifty will be gap down opening in today's session. After opening nifty sustain Above the 17950 level and then possible downside rally up to 17850 in today's session. in case nifty trades above the 18000 level then the upside target can go up to the 18100 level.
The FASP for Nifty is listed for 17-02-2023. 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 50 is in its corrective phase as explained in yesterday's post.
Here is an alternate view to the completion of B wave in Nifty's corrective pattern.
TAKEAWAY:-
- Whatever view Nifty follows, 16800-17000 zone is a good time to put in some money.
Disclaimer:- I am not a SEBI registered analysist. Please do your own analysis and consult your financial advisor...
The FASP for Nifty is listed for 16-02-2023. 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...
We are looking top made almost ...
As per Gann Angle 18040-18100 nifty facing strong Resistance,
Now we can keep sl 18150 as closing basis Stop Loss
Target we are looking 16900
Nifty has again faced resistance from the 20 ema and closed 85 points lower. The market has formed a kind of evening star and if the fall continues good momentum can be seen.
On the hourly charts, the market has formed a bearish flag and pole pattern and closed below both the moving averages. The market has broken the 20 ema and retested it.
The market has final...
Levels are marked on chart market is lookingg sideways to bullish so trade accordingly
for more information (Six Two Six Zero Seven Five Seven Zero Four Six)
Nifty has consolidated whole week and formed a doji on the weekly charts. It has been taking resistance from 20 ema and 61.8% fibonacci levels.
The market can either side move once it breaks out or break down of the consolidation zone.
On the hourly charts, the market has been trading between both the moving averages and closed in between them.
Markets have not...
