Nifty Likely to open flat to small gap up. Global markets having slight selling pressures. Nifty first resistance to watch out will be 17400-17420 levels. Once if 17420 sustains and taken on the upside we can expect to test out Target 1 / Target 2 & higher. Any rejection at these zones we can expect Nifty to test lower supports. If CPR acts as resistance...
NSE:NIFTY Observations: 1)On 15min time frame,we can see that it has been taking support from parallel channel since 02-09-2021. Breakdown of lower trendline of parallel channel will give down move and middle trendline is working as support and resistance in both the way. Breakout of middle trendline will give upmove till the upper trendline. And breakout of...
Expecting a flat opening in case of Nifty. Nifty recovered well after testing that 11250 levels on closing and managed to close above next day CPR. Today's CPR should act as a good support on flat opening and 17390 & 17430 should act as a strong resistance on upside. In case if 17430 taken on upside we can again see Nifty rallying on the upside. In case if CPR...
Nifty likely to open flat to small gap up. 17403 is the first resistance to be watched out and if that is taken out may be we can expect previous day high to be of high resistance today. Being narrow cpr and friday being holiday we can expect some good movement today or tomorrow. In case if CPR is compromised on lower side we can expect possible lower targets...
Nifty Trade Plan for 06 Sep 2021 Expect a gap up opening in Nifty . If Nifty opens above the Bullish Break out zone, wait for support and on retest you can sit for higher Target 1 & Target 2. In case if it still continues wait for extended target. Any good rejection at these Breakout Target zones we can look for retest of previous closing levels to be tested.
Nifty expected to have gap up opening. All global parameters looks pretty bullish. In case of gap up opening above 15791, if a good support is confirmed around 15791 then we can expect Target 1 , Target 2 & Even Ex Target around 15900 levels. Any good rejection confirmation around Target 2 we can look for possible shorting with a small SL or option selling.
Expecting Nifty to open flat to small gap up. 16608 is a strong support in case of Nifty & 16665 is first resistance to watch out. A support at 16665 we can expect Nifty to test 16670 & then if that is taken out we can expect 16700 levels to be tested again. Any good rejection around 16686 we can look for possible shorting opportunity. In case 16608 is...
Long Opportunity : If Nifty opens flat and CPR provides support and first resistance of 16530 taken out we can expect it test 16550 & then the previous V-CPR levels. A close above V-CPR we can expect again to go long and sit for Target 1 & Target 2 Any good support at yesterday's low is good opportunity to go long. Short Opportunity : Any resitance at V-CPR we...
Expecting a gap down opening in Nifty tomorrow. At the time of review, SGX is trading around 16360 where in we have a good support from V-CPR and can expect some long opportunity . On the upside we have resistance around 16477. If 16477 is taken on upside then we can expect the gap to be filled.
After huge crash in the market on 19th and also Global markets are showing weakness 20th July opening is very crucial. The following are the Resistance and Support levels for the Nifty. R1-15765 R2-15806 R3-15837 R4-15861 ------------------ S1-15740 S2-15724 S3-15702 S4-15669
Asian markets tumbled on concerns about China's recovery and tighter regulation on technology companies Now it stands at very crucial levels as if the Index fails to reverse from current levels and break below 15680 levels then it should be considered as a breakdown from the ending diagonal pattern In 45 minutes time frame NIFTY is still seems to be...
Perfect ASCENDING TRIANGLE pattern has been formed in NIFTY which is also a BULLISH continuation pattern and the RESISTANCE being 15900 which has been tested multiple times as you can see in the past and there is much likely chances that it’ll break above because of multiple rejections in the past made it weaker You can witness 60-120++ points rally if candle...
More like INVERTED HEAD AND SHOULDERS PATTERN identified and also a TRENDLINE which had been acting as a RESISTANCE Now standing at MAKE OR BREAK LEVEL as break of 15745 level would not only break the trend line but also the NECKLINE of the potential INVERTED HEAD AND SHOULDERS PATTERN, but candle close is need to confirm the breakout, the safest way to make new...
Though the news flow affected the price action a bit yesterday but didn’t affect its strength as NIFTY made 100 percent recovery which shows the strength 15830 is the level to watch as of now ! If sustains then NIFTY TO THE MOON
Critical levels for NIFTY in H4 for WC 17-5 The following technical analysis is based on a price structure with support and resistance estimates which separates into trading zones with the solid lines are the major levels. A trading strategy with a powerful price structure that could change the way you look at price action The estimated major levels for WC 17-5...
STRONG BULLISH INDICATION WITH BUILD-UP OF CANDLESTICKS AND REVERSE HEAD AND SHOULDER PATTERN ON 4HR TIME FRAME , NIFTY. SWING TRADERS , ARE YOU READY? FOLLOW US AND DONT MISS OUT ON CONTENT!
parallel upward channel since 2008....whopping 13 years. Currently its not very clear, though back down to Rs 270 cannot be ruled out.