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Six Weeks of Selling — Is Nifty Setting a Trap Now?Six straight weeks of decline. The Nifty 50 remained under pressure, closing at 22,713, down nearly 0.5% last week. Most investors are now turning cautious. Some are even turning bearish. But here’s the uncomfortable part: Markets don’t punish the majority — they trap them. What the Market Is Really Saying At the start of the week, Nifty broke below 22,500–22,400. Panic? Not quite. It quickly recovered and closed back above this level. Now think about that. If the market was truly weak… why did buyers step in at that level? So Is the Downtrend Over? Not Yet. The structure still shows pressure. Lower lows are forming. Momentum is not fully back. Which means: 👉 The market is not strong 👉 But it’s not as weak as it looks either This is where confusion builds — and volatility follows. Key Levels to Watch Out for From an open interest perspective, these are the zones that matter: 🔹 Immediate Support: 22,500 – 22,400 🔹 Stronger Support: 22,000 – 21,900 🔹 Immediate Resistance: 23,000 – 23,100 🔹 Major Resistance: 23,400 – 23,500 What Could Trigger the Next Move? • RBI policy outcome — rate guidance will shape sentiment • Ongoing Middle East tensions (US–Iran conflict) • Crude oil holding above $100+ levels These are powerful triggers. They can shift direction overnight. So What’s the Smart Play? This is not the time to be aggressive. This is the time to be selective and defensive. No need to predict the market. Let the market confirm first. Because right now: Chasing moves can hurt more than missing them.
NSE:NIFTY
by GoodluckCapital
NIFTY 50 Price Structure Analysis [02/04/2026: Thursday]Top-Down NIFTY 50 Price Structure Analysis for 02nd of April 2026. The day is Thursday. (1) Monthly TF: An inside red bar. Major resistance is 23000. Major support is 22500. The view is indecision to bearish. (2) Weekly TF: Lower lows and lower highs structure is intact. This week's candle is a green spinning top. Major resistance is 23000. Major support is 22500. Price didn't touch the 200 EMA yet. Thus, pricewise correction is still remaining. Additionally, price is still below 150 EMA (equivalent to level 23000). Only a breakout above 23000 and sustainability would give hope of trend reversal. On the other hand, if the price decisively breaks down the level 22500, then the level 22000 is reachable. The view is indecision to bearish. (3) Daily TF: Lower lows and lower highs structure is intact. Price is below 9 EMA (downward sloping). Major resistance is 23000. Major support is 22500. Only a breakout, and sustainability of price above the level 23000 would ensure trend reversal (bearish to bullish). On the other hand, if the price decisively breaks down the level 22500, then the level 22000 is reachable. The view is indecision to bearish. (4) 30-minute TF: Lower lows and lower highs structure is intact. Bulls are trapped just below 23000. And bears are trapped at level 22500. Thus, the price is again in the range of consolidation. A breakout or breakdown would confirm future sentiment of the markets. The view is indecision to bearish. (5) No Trading Zone (NTZ): (22875 - 22625). (6) Range of Consolidation (ROC): (23000 - 22500) . Trading will be very difficult in this range. It is preferable to wait for either a breakout or a breakdown. (7) Event: SENSEX weekly expiry is on Thursday. The day after (Friday) is a holiday (Good Friday). Then there will be a long weekend. Even the U.S. market will be closed. We can expect a price anomaly considering the impact of expiry and the long weekend . (8) Establish intraday bias with respect to the opening price. (9) BULLISH SET-UP: Presently, there is no bullish set-up visible in the charts. Every up move should be doubted. If the price breaks out above the level 22875, then the first target would be 23000. However, price would face a major hurdle at 23000. Next, if the price starts to trade above the level 23000, then the corresponding levels are - 23125, 23250, and beyond. Be cautious with bullish trades as the market sentiment is not bullish. (10) BEARISH SET-UP: If level 22625 is broken, then the first bearish target would be 22500. However, price would receive good support at this level. Next, if the price decisively breaks down the level 22500, then the corresponding levels are - 22375, 22250, 22125, and 22000. A confident bearish set-up would activate below the level 22500. (11) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Thus, practice PRAGMATISM in the live market session. NOTE: (i) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PROTECT your CAPITAL. Always practice RISK MANAGEMENT. Be RESPONSIBLE. (ii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe. (iii) Be Strategic. Be Courageous. Be Patient. Be Wise. (iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade with a new perspective. Believe in Possibilities. Happy Trading! Happy Hanuman Jayanti _/\_
NSE:NIFTY
by deep_bhattacharjee_db
NIFTY 50 Price Structure Analysis [01/04/2026: Wednesday]Top-Down NIFTY 50 Price Structure Analysis for 01st of April 2026. The day is Wednesday. (1) Monthly TF: The candle is a legendary red morubozu, which rarely forms in the monthly time frame. There is a high probability that the price will break down to the 22000 level. The view is bearish. (2) Weekly TF: Lower lows and lower highs structure is intact. We cannot think of bullish trades unless the price starts to trade above the level of 23000. There is a high probability that the price would get support in the zone (22000 - 21875), as there is a 200 EMA. Pricewise correction will complete at 200 EMA. The view is bearish. (3) Daily TF: Lower lows and lower highs structure is intact. We cannot think of bullish trades unless the price starts to trade above the level of 23000. Every up move should be doubted. The view is bearish. (4) 30-minute TF: Lower lows and lower highs structure is intact. Every up move should be doubted. Minor support is level 22250. Major support 22000. The view is bearish. (5) No Trading Zone (NTZ): (22750 - 22250) . (6) Major Zone of Resistance (or Supply): (23250 - 23000). (7) Major Zone of Support (or Demand): (22000 - 21875). (8) Events: No high-impact event. No expiry. However, war uncertainty is always there. (9) Bullish Set-Up: There is no visible possibility of bullish trades. All the up moves should be doubted. Price structure needs to form a higher highs and lower lows structure first. However, 'risky bullish' trades can be executed at a level above 22750. The bullish trades would be short-lived. Bullish targets (if price breaks out above 22750) are - 22875 and 23000. (10) Bearish Set-Up: If price sustains below the 22250 level, then bearish targets would be - 22125 and 22000. Level 22000 would be a major support. However, if the price again sustains below 22000, then the immediate targets would be - 21875 and 21750. (11) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Therefore, practice PRAGMATISM during the live market. NOTE: (i) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PROTECT your CAPITAL. Always practice RISK MANAGEMENT. Be RESPONSIBLE. (ii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe. (iii) Be Strategic. Be Courageous. Be Patient. Be Wise. (iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade from a new perspective. Happy Trading!
NSE:NIFTY
by deep_bhattacharjee_db
NIFTY 50 Price Structure Analysis [27/03/2026: Friday]Top-Down NIFTY 50 Price Structure Analysis for 27th of March 2026. The day is Friday. (1) Monthly TF: Lower lows and lower highs structure is intact. The present month's candle is a bearish spinning top. The view is indecision to bearish. (2) Weekly TF: Lower lows and lower highs structure is intact. Last week's candle is a bullish spinning top. The previous week was a gravestone doji. There are signs of trend reversal (bearish to bullish), but they are not confirmed. Price is above 150 EMA (also equivalent to level 23000). SENSEX has unfinished business to touch 200 EMA. The view is indecision to bearish. (3) Daily TF: Lower lows and lower highs structure is intact. Major resistance is at level 23500. Major support is at 23000. A breakout above 23500 would confirm a probable trend reversal (towards bullishness). A breakdown below 23000 would confirm trend continuation (that is, bearishness). The view is indecision to bearish. (4) 30-minute TF: Lower lows and lower highs structure is intact. Price got resistance at 150 EMA (downward sloping). However, price is above 20 EMA and 50 EMA (upward rising). Thus, the main trend is down, but institutional bias is bullish. It makes the price structure indecisive. Maybe price would touch 200 EMA (downward sloping). Also, there is an unfilled gap till 23750. There are signs of trend reversal (bearish to bullish), but they are not confirmed. The view is indecision. (5) No Trading Zone (NTZ): (23375 - 23125). (6) Range of Consolidation (ROC): (23500 - 23000) . A breakout above 23500 would confirm trend reversal and a bullish move. A breakdown below 23000 would confirm bearish trend continuation. Trading in this range will be difficult. Presently, the price is in an indecisive zone. (7) Event: No expiry. No high-impact event. It is the last day of the week. The next trade session (Monday) will be a monthly expiry day. Lastly, war uncertainty continues. (8) Establish intraday bias with respect to the opening price. (9) Bullish Set-Up (15-minute TF): If price sustains above 23375, then the first target would be 23500. Next, if the price sustains above 23500, then 23625 would be the next target. Lastly, the price might go up to 23750 to fill the gap. (10) Bearish Set-Up (15-minute TF): If price sustains below 23125, then the gap will be filled till 23000. Next, if the price breaks 23000, then bearish continuation would confirm. Then, the next targets would be 22875 and 22750, respectively. (11) All the analysis would fail in the case of a major gap up, gap down, or price structure anomaly. Therefore, practice PRAGMATISM in the live market. NOTE: (i) Trade only if there is a set-up. Remember, not trading is an extension of the trading activity. Always practice RISK MANAGEMENT. Always PROTECT your CAPITAL. Be RESPONSIBLE. (ii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe. (iii) Be Strategic. Be Courageous. Be Patient. Be Wise. (iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade from a new perspective. Believe in Possibilities. Happy Trading!
NSE:NIFTY
by deep_bhattacharjee_db
NIFTY 50 Price Structure Analysis [25/03/2026: Wednesday]Top-Down NIFTY 50 Price Structure Analysis for 25th of March 2026. The day is Wednesday. (1) Monthly TF: A big red candle. The view is bearish. (2) Weekly TF: Weekly candle looks like a bullish hammer. However, the downward trend is still intact. The view is indecision to bearish. (3) Daily TF: Candle looks like a dragonfly doji (or bullish long-legged doji) formed above the previous day's candle. There are signs of trend reversal (not confirmed till price gives a breakout above level 23250). However, the downward trend is still intact. The view is indecision to bearish. (4) 30-minute TF: Price is forming a higher highs and lower lows structure. Price is above the upward-sloping 9 EMA and 20 EMA. Price is also above a flatish 50 EMA. However, the price is below the 200 EMA. The view is indecision. (5) No Trading Zone (NTZ): (23050 - 22750). (6) Event: SENSEX monthly expiry. Expect a price structure anomaly. The day after is a holiday. War uncertainty is on. (7) Establish intraday bias with respect to the opening price. (8) Bullish Set-Up: Price breaks out above level 23050 and sustains. Then the first bullish target is 23250. Next, if the price gives a breakout above the level 23250, then levels 23350 and 23500 are the next bullish targets. It is expected that the price would receive major resistance at 23350. Lastly, if the price decisively breaks above 23500, then 23750 would be the next bullish target. (9) Bearish Set-Up: Price decisively trades below 22750 and sustains. Then the first bearish target is 22650. If level 22650 is broken, then level 22500 will be the next target. Next, if 22500 is broken, then 22300 would be the next target. (10) All the analysis would fail in case of a major gap up or gap down or price structure anomaly. Thus, always practice PRAGMATISM. NOTE: (i) Trade only if there is a setup. Remember, not trading is an extension of the trading activity. Always PROTECT your CAPITAL. Always practice RISK MANAGEMENT. Be RESPONSIBLE. (ii) Mark your points. Trade your points. Price is GOD. Anything can happen in the markets. Therefore, trade what you see, not what you believe. (iii) Be Strategic. Be Courageous. Be Patient. Be Wise. (iv) Every day is a new day. Therefore, do not carry the baggage of past successes or failures. Always trade from a new perspective. Believe is Possibilities. Happy Trading!
NSE:NIFTY
by deep_bhattacharjee_db
Markets Stay on Edge as Oil Rally and War Risks Pressure NiftyIndian equity markets witnessed heavy selling pressure last week, with the Nifty 50 declining 2.9% to close at 24,450. Volatility was a key theme throughout the week. The India VIX surged nearly 45% to 19.8, reflecting a sharp rise in investor nervousness as global uncertainties intensified. ◉ Technical View From a technical standpoint, the index is hovering just above its immediate support at 24,400. A decisive break below this level could open the door for a further decline toward 24,000. On the upside, 24,900–25,000 remains a strong resistance zone. Until the index moves decisively above this range, overall market sentiment is likely to stay cautious and fragile. ◉ Key Triggers This Week 1. Middle East Conflict Rising tensions involving the US–Israel–Iran conflict remain a major global risk factor. Any escalation could increase risk aversion in global markets, which may spill over into Indian equities. 2. Oil Prices Oil prices have surged sharply. Brent Crude is trading around $91 per barrel, while West Texas Intermediate is near $90, after jumping 30–35% last week. Higher oil prices are typically negative for the Indian economy, as they increase inflation risks and put pressure on the current account balance. ◉ Market Outlook Looking ahead, elevated oil prices and potential pressure on the rupee could continue to weaken market sentiment. Monday’s opening may be crucial, as it could set the tone for the market’s next directional move. In addition, foreign portfolio investors (FPIs) are unlikely to return as aggressive buyers until there is greater clarity on geopolitical developments and some cooling in crude oil prices. ◉ Trading Perspective Given the current setup, caution remains the best strategy. Traders should avoid aggressive fresh buying until the market shows clear stability near key support levels. With global uncertainties still high, volatility is likely to remain elevated in the near term.
NSE:NIFTY
by GoodluckCapital
Bulls on the Backfoot as Nifty Breaks Key Support - What Next?After trading in a narrow range, Indian markets finally cracked under pressure from weak global cues and rising concerns around AI’s long-term impact on global outsourcing demand. The Nifty 50 slipped nearly 0.9% for the week, closing at 25,471, while volatility spiked sharply. The fear gauge, India VIX, jumped 11% to 13.29 — a clear sign that nervousness is creeping back into the system. ◉ Technical Structure Nifty oscillated within roughly a 570-point range last week but ended below the crucial 25,500 level, which had previously acted as immediate support. This breakdown slightly weakens the short-term setup and shifts the tone from neutral to cautious. ◉ Key Levels to Watch Immediate Resistance: 25,500 – 25,600 Strong Resistance: 26,000 – 26,100 Strong Support Zone: 25,000 – 24,900 ◉ Key Triggers for the Week Ahead 1. IT Stocks in Focus The IT sector was the worst performer, falling over 8% last week. Investors are increasingly worried that generative and agentic AI technologies may structurally reduce demand for traditional outsourcing services — impacting long-term earnings visibility. If IT continues to weaken, index recovery may remain capped. 2. US Fed Minutes Markets will track the latest policy minutes from the Federal Reserve, along with upcoming U.S. GDP data. Any hawkish surprise could add to global pressure. 3. RBI MPC Minutes The Reserve Bank of India will release its latest MPC minutes this week. Investors will look for clarity on inflation outlook, liquidity conditions, and future policy direction. ◉ Outlook The index now appears vulnerable near current levels. A test of 25,350–25,300 looks possible in the near term. Failure to hold that zone may push Nifty toward 25,000. Until the index sustains above 25,600, upside momentum is likely to remain limited. Traders should focus on protecting gains and maintaining disciplined risk management rather than aggressively chasing longs.
NSE:NIFTY
by GoodluckCapital
Dalal Street Shaken Ahead of Monthly Expiry — What’s Next?Indian equity markets witnessed a sharp corrective move last week, with the Nifty sliding nearly 2.5% to close around 25,050. The sell-off came at a sensitive juncture—just ahead of monthly expiry. Adding to the nervousness, India VIX jumped sharply by 24.8% to 14.19, signaling a sudden rise in uncertainty and trader caution. A combination of geopolitical tensions, pre-Union Budget 2026 jitters, and mixed Q3 earnings weighed heavily on market sentiment, prompting profit booking across sectors. ◉ Technical Setup Nifty is currently testing the lower end of its rising channel, a technically important area. A mild relief bounce is possible from these levels. However, a decisive breakdown below the channel support could trigger another leg of sharp selling in the coming sessions, making this zone extremely crucial for near-term direction. ◉ Key Levels to Watch Support Zones 25,000 – 24,900: Immediate psychological and technical support 24,500 – 24,400: Strong base with heavy put writer concentration Resistance Zones 25,400 – 25,500: Immediate hurdle with significant call writing 26,000 – 26,100: Major supply zone and strong resistance ◉ Near-Term View Volatility is likely to remain elevated in the coming week. While the broader structure has weakened, a short-term bounce from the 25,000 zone cannot be ruled out, given oversold conditions and strong psychological support. That said, any recovery should be viewed with caution and may face stiff resistance at higher levels. ◉ Suggested Strategy A cautious, stock-specific strategy is preferred for the week ahead. Short-term oversold signals may support a bounce, but the broader trend has weakened. Avoid aggressive longs and focus on protecting gains.
NSE:NIFTY
by GoodluckCapital
NIFTY at a Pause: Consolidation Shapes the Near-Term TrendIndian equity markets ended the week on a slightly softer note, with the benchmark NIFTY slipping 0.53% on a weekly basis. While a supportive rate cut by the US Federal Reserve helped improve global sentiment and led to two consecutive sessions of gains, the broader trend remains mixed. Adding to this, India VIX dropped 2.01% to 10.11, suggesting calm market conditions. ◉ Technical Setup: Key Pattern in Focus On the daily chart, NIFTY is forming a rising wedge pattern and has recently bounced from its trendline support. ● Typically, a rising wedge reflects bearish undertones, especially near maturity. ● However, if the index manages to break above the upper resistance line and sustain, it could invalidate the bearish setup and shift sentiment positively. ● On the flip side, a decisive breakdown below support may open the door for a meaningful correction in the coming sessions. ◉ Important Levels to Watch Based on open interest data, two critical zones are emerging as key for the current monthly expiry: ● Strong Support: 25,900 – 26,000 ● Strong Resistance: 26,400 – 26,500 With no major triggers visible in the near term, NIFTY is likely to remain range-bound, consolidating between these levels. ◉ Strategy: Trade Smart, Stay Selective Traders should maintain a moderately cautious stance in the current setup. ● Book or protect profits near higher levels. ● Avoid aggressive long positions until a clear breakout above 26,400–26,500 is confirmed. ● Prefer a stock-specific approach, focusing on names showing relative strength, while keeping risk management front and center.
NSE:NIFTY
by GoodluckCapital
Nifty 50 Index spot 24750.70 by Daily Chart view - Weekly UpdateNifty 50 Index spot 24750.70 by Daily Chart view - Weekly Update - Resistance Zone 25200 to 25450 of Nifty Index - Support Zone 24675 to 24780 sustained by Nifty Index - Nifty seems stuck within Descending Triangle pattern above Support Zone, needs to breakout from it for fresh upside - Gap Up Opening of 256 points created on 12-May-2025 will act as void blank area until it is closed sooner or anytime later - Gap Down Openings made after the ATH 26277.35 on 27-Sept-2024 will need to be closed sooner or later to create New ATH
NSE:NIFTY
by PIYUSHCHAVDA
Breakout Building Up from Falling Wedge PatternIndex: Nifty 50 Timeframe: 15-minute Date: 21st May 2025 Price Action Insight After a strong sell-off, NIFTY 50 formed a solid V-shaped recovery, followed by a series of higher lows, indicating a shift in momentum from sellers to buyers. Price is now consolidating near a key resistance level at 24,839.35, suggesting a potential breakout or rejection setup. Chart Patterns in Focus Falling Wedge (Bullish Reversal) Breakout occurred after price compressed into the wedge. A textbook reversal pattern signaling buying interest returning. Bullish Flag / Pennant Formation Post-wedge breakout, price is consolidating in a narrow range (flag). Typically seen as a continuation pattern before another bullish leg. Trendline Support Price is holding above an ascending trendline, forming higher lows, reinforcing bullish bias. Volume Analysis Volume spiked during the wedge breakout – confirming buyer participation. Current consolidation shows declining volume, indicating a possible volume expansion ahead. Watch for a volume surge during breakout or breakdown for trade confirmation. Educational Insight: How to Read This Setup Why this matters for traders: A falling wedge + bullish flag is a high-conviction combo. Volume contraction during consolidation is healthy and often precedes explosive moves. Price rejecting or sustaining above resistance gives traders directional edge. Always wait for confirmation with price action + volume to avoid fakeouts. Trade Scenarios ✅ Bullish Scenario (Long Trade) Entry: Above 24,839.35 Target Zones: 24,900 / 24,950 Stop-Loss: Below 24,740.80 (below consolidation and trendline support) Confirmation: Breakout candle with above-average volume ❌ Bearish Scenario (Short Trade) Entry: Below 24,740.80 Target Zones: 24,650 / 24,580 Stop-Loss: Above 24,839.35 Confirmation: Breakdown from trendline support + rise in selling volume
NSE:NIFTY
by simpletradewithpatience
4
Nifty 50 Index spot 24008 by Daily Chart viewNifty 50 Index spot 24008 by Daily Chart view - Resistance Zone 24675 to 24780 Nifty 50 Index Band - Nifty is at Support Zone 23875 to 23975 Nifty 50 Index Band - *Nifty having sustained above the Support Zone is bound to a bounce back by the cross border mellowed down situation* - *The ongoing uncertainty of cross border situation has got some certainty of ceasefire so let us hope for the best to happen for a positive outcome over next week*
NSE:NIFTY
by PIYUSHCHAVDA
Setup – Watch This Triangle Breakout! 🔺 Nifty50 Triangle Breakout – Big Move Loading? 📊 📆 30th April | 15-Minute Chart Nifty is tightly squeezed inside a symmetrical triangle, and a breakout or breakdown looks imminent! 🔍 Levels to Watch: 📈 Breakout Above: 24,371.60 → Possible Level: 24,395.20+ 📉 Breakdown Below: 24,313.55 → Possible Level: 24,290.40- 📊 Volume is compressing – this usually signals a powerful move ahead. Wait for clear candle confirmation with volume before entering. 🔔 💬 Patience pays. Trade the breakout, not the noise!
NSE:NIFTY
by simpletradewithpatience
Nifty 50 Index spot 24346.70 by Daily Chart view - Weekly UpdateNifty 50 Index spot 24346.70 by the Daily Chart view - Support Zone 23875 to 23975 Nifty 50 Index Band - Resistance Zone 24675 to 24780 Nifty 50 Index Band - Volumes are well in sync with the average traded quantity - Nifty Index has sustained well above the immediate Support Zone at 23785 to 23975 and contained below Resistance Zone 24675 to 24780 over past 2 weeks - Nifty Index is behaving erratically by jumping from positive to negative and vice versa between the days highs and lows over keeping an eye on the ongoing cross border uncertainty state and seems it is keeping submissive to fear factor - Let us hope for the best to happen for a positive outcome over the coming days/weeks and foresee Nifty 50 Index to gradually and steadily progress towards the current ATH 26277.35 for a New ATH, in line with the Bank Nifty Index strides
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 Index spot 24039.35 by Daily Chart view - Weekly UpdateNifty 50 Index spot 24039.35 by the Daily Chart view - Weekly Update - Resistance Zone 24675 to 24780 Nifty 50 Index Band - Volumes are in good sync with the average traded quantity - Both the Falling Resistance Trendlines have been decently maintained todate - Earlier Resistance Zone now a Support Zone at 23875 to 23975 Nifty 50 Index Band - Bullish Double Bottom formed at the Support Zone neckline has yet sustained by Nifty Index
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 Index spot 22904.45 by Daily Chart viewNifty 50 Index spot 22904.45 by Daily Chart view - Resistance Zone at 23875 to 23975 for Nifty 50 Index Band - Can we expect the Right Shoulder depth act as a Support base alike of the Left Shoulder depth near 22700 to 22800 ??? - If the Right Shoulder gets sustained, a Support base in sync with the Left Shoulder of the Bullish Head & Shoulder pattern may get activated - Let us hope for the best to happen expecting some fresh breather over the next week basis the fact that, the Markets are always Supreme to look up to ......
NSE:NIFTY
by PIYUSHCHAVDA
Nifty 50 Index spot 23519.35 by Daily Chart view - Weekly updateNifty 50 Index spot 23519.35 by Daily Chart view - Weekly update - Support Zone at 21800 to 21950 Nifty 50 Index Band - Resistance Zone at 23875 to 23975 Nifty 50 Index Band - Falling Resistance Trendline Breakout seems to have been sustained and also Support Zone still kept respected - A Bullish Head and Shoulders pattern formation in process, just by taking a hypothetical thought process viewing - An out of the box and entirely different point of view and perspective one may anticipate about Nifty 50 Index outlook - Going by this Hypothetical H&S probability for the Nifty 50 Index Chart, we may anticipate good fire crackers to observe - As such this is just a high level technical chart pattern formation and the Market are always Supreme to work in their own ways
NSE:NIFTY
by PIYUSHCHAVDA
2
Nifty 50 Index 22124.70 by Daily Chart view: Different ViewpointNifty 50 Index 22124.70 by the Daily Chart view - Different Viewpoint A different point of view for the Nifty 50 Index Technical Chart Setup Analysis. This is solely and purely my personal perspective for the Bearish Head & Shoulders pattern's. I will be happy to welcome and get your fine line pointers for the improvement on the Technical Analysis for this Chart Setup. Thank you in advance to One and All. The 1st H&S Bottom is broken down and now need to look forward, if ..... Nifty 50 Index touches the 2nd H&S Bottom or takes an early reversal ..... Hope for the best to happen and keeping fingers crossed. God Bless All.
NSE:NIFTY
by PIYUSHCHAVDA