Niftysupportandresistance
Nifty 16000 ? - Weekly Analysis and Trade Setup for 17 Oct 2022Nifty Intraday levels for Monday and Weekly analysis..
Global Markets are down by more than 1 %. We can expect Gap down Open in Nifty .
Expectation : Big Gap down Open - Bearish Continuation
Nifty likely to Open with Big Gap down on Monday around 17000 - 17100 mark below Strong SELL Level. Any breakout below / Opens below we can expect Target 1 & 2 levels will be tested. Uptrend possible only above 17285 till then sell on raise in Nifty.
Strong support zone found at 16800, incase if this is compromised Nifty will fall and probably 16000 will be tested in few days.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - Intraday Levels for 14 Oct 2022Nifty levels for Tomorrow..
Global Markets are bleeding - Dow down by 2% and SGX down 1% as of now
Expectation : Big Gap down Open - then Short covering Rally
Nifty likely to Open with Big Gap down tomorrow around 17800 near Target 2. 17800 will act as Strong Support where it can bounce and Nifty may close around 17000 again EOD.
Entry and Target levels are highlighted in the Chart.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks. Keep SL high/low of the first 5m candle.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - Intraday Levels for 11 Oct 2022Nifty levels for Tomorrow..
Expectation : BEARISH - Look to SELL on raise (BULLISH only above 17500)
Nifty likely to Open with Flat / Small Gap Up. Entry plans are highlighted in the Chart. We have strong resistance around 17360 where we can look to take SELL entry and any breakout below CPR - Pivot Point 17050 will be tested tomorrow.
For quick scalping, Wait for first 5m candle close. Go long when High breaks, take Short when low breaks.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
Nifty - Weekly Analysis Sep 2022 - BEARISH until 16800 ?Nifty Weekly Analysis,
Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday.
Nifty likely to Open at 17200 or below, 17161 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Nifty. If any weakness 17161 line breaks Nifty might test 17000 and more fall would expect. Next support is only at 16800 in Nifty. On the Higher side we have Resistance at 17470 / 17600 / 17720 levels
More or less this week going to be Volatile or Range Market between 16800 - 17300.
NIFTY Intraday Levels | 15th Sep• Support & Resistance zones for 15th Sep .
• The trend will likely remain positive as long as the Nifty remains above 17,700. On the higher end, the index may move towards 18,600, once it provides a decisive breakout above 18,100.
•The data indicates that in the immediate term, the Nifty50 may see a trading range of 17,700 to 18,200 in the coming session.
• Zones marked / drawn on chart can act as a Support & Resistance for price to stuck / to face hurdle.
Remaining space can be straight way for Price to make moves.
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NIFTY Intraday Levels | 14th Sep• Support & Resistance zones for 14th Sep .
• 18,000 and 17,925 would act as key support levels, while 18,150-18,200 would be key resistance levels. The uptrend would be vulnerable below 17,925, and the index can slip to 17,850-17,800
• The immediate resistance for the 50-pack index is 18,100. If the Nifty manages to hold it, it can climb to crucial resistance of 18,350, with support at 18,000-17,900
• The data indicates that the Nifty may be trade in the 17,500-18,500 range in the coming sessions.
• Zones marked / drawn on chart can act as a Support & Resistance for price to stuck / to face hurdle.
Remaining space can be straight way for Price to make moves.
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NIFTY Intraday Levels | 13th Sep• Support & Resistance zones for 13th Sep .
• A move towards 18,200–18,350 is possible in the near future as long as the Nifty defends 17,700–17,600 on a closing basis.
• Zones marked / drawn on chart can act as a Support & Resistance for price to stuck / to face hurdle.
Remaining space can be straight way for Price to make moves.
• • •
NIFTY Intraday Levels | 12th Sep
• Support & Resistance zones for 12th Sep .
• Options data indicated a broader range of 17,300-18,200 for the Nifty in the coming sessions.
• The next hurdle for the Nifty would be 17,992, the recent swing high, whereas 17,786, the day’s low,will be support & would be crucial for the downside.
If that gets broken, 17,500 would be the next support.
• Options data indicates that in the immediate term, the Nifty can trade in the 17,500-18,000 range.
• Zones marked / drawn on chart can act as a Support & Resistance for price to stuck / to face hurdle.
Remaining space can be straight way for Price to make moves.
• • •
NIFTY 50 - SUPPORT & RESISTANCE - 01.09.2022 - BAHAVAN CAPITALNIFTY 50 as per 15 min chart analysis below follows my observation.
Above 17650 Resistance at 17673 / 17698 / 17729
Below 17598 Support at 17562 / 17520 / 17498
Posted Today at 9.58am for the Above mentioned Resistance and Support where respected in the Nifty Chart
Happy Profitable Trading to all...
NIFTY 50 - 15 MIN CHART - BAHAVAN CAPITAL - 29.08.2022NIFTY 50 as per my previous post for 26.08.2022 mentioned that there had been no aggressive buy or sell by both FII and DII.
Similarly today was an highly volatile day where from 12.15 to 3.30 pm there had been no big movement on the either side.
FII Net Selling was at 51.12 Crores and DII Net Buying was at 453.59 Crores.
Being mostly a sideways day on 26.08.2022 we should witness some better movement any one of the side by Monday.
Above 17606 then Resistance at 17663 / 17697 / 17728 / 17781 / 17800 / 17831 / 17881.
Below 17491 then Support at 17428 / 17411 / 17354 / 17303 / 17286 / 17228 / 17211 / 17167.
Nasdaq Composite and Dow Jones Index had a good Fall today (26.08.22) and there could be a similar impact on Nifty and Bank Nifty too.
However lets see where market opens.
Happy Weekend to All........