Nifty daily analysis for 04/11/22.Nifty on the daily time frame has closed flat. Though there was a huge gap down opening.
A nice up move was there initially but markets consolidated in the remaining session.
Market, on 15 minute chart analysis, took resistance from 20 ema and closed near to the level.
Support :- 18000, 17950, 17900
Resistance :- 18050, 18090, 18160-70
Nifty is near the recent high and have supports below.
The market is respecting the levels.
Wait for the price action near the levels before entering the markets.
Niftytomorrow
Nifty spot chart analysis for 02.11.2022Nifty is standing just below a strong resistance zone of 18160 to 18210.
if nifty moves above 18210 then it may also cross 18259 and may reach 18302.
between 18302 to 18349 is an Extremely strong resistance.
if nifty crosses over 18349 then it may also cross 18393 and may reach 18444.
if nifty moves down below 18111 then it may also cross 18067 and may reach to the level of 18020.
if nifty moves down below 18020then it may take support on 17976.
If nifty crosses down 17976. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 18393 tomorrow and reach higher levels.
Nifty spot chart analysis for 31.10.2022Nifty is standing just below a strong resistance of 17829.
if nifty moves above 17829 then it may also cross 17880 and may reach 17926.
between 17926 to 17976 is an Extremely strong resistance.
if nifty crosses over 17976 then it may also cross 18020 and may reach 18067.
if nifty moves down below 17780 then it may also cross 17731 and may reach to the level of 17684.
if nifty moves down below 17684 then it may take support on 17635.
If nifty crosses down 17635. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 18067 tomorrow and reach higher levels.
Nifty - Intraday Levels for 28 Oct 2022Nifty Intraday levels for Tomorrow..
Expectation : Gap Up / Flat Open - Any breakout above 17810 Strong Up move is expected. Until it will trade in range between 17810 - 17725 CPR level
Support and Resistance Zones - When price breaks the zone, Support zone will become Resistance and Resistance zone will become Support.
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 spot chart analysis for 27.10.2022Nifty is standing just below a strong resistance zone of 17684 to 17731.
if nifty moves above 17731 then it may also cross 17780 and may reach to the level of 17829.
between 17829 to 17880 is an Extremely strong resistance.
if nifty crosses over 17880 then it may reach to the level of 17926.
if nifty moves down below 17635 then it may take support on 17586, 17586 is a strong support.
if nifty moves down below 17489 then it may also cross 17535 and may reach to the level of 17489.
if nifty moves down below 17489 then it may also cross 17535 and may reach to the level of 17489.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17932 AND REACH TO THE HIGHER LEVELS.
Nifty spot chart analysis for 20.10.2022Nifty is standing just below a strong resistance zone of 17535 to 17586.
if nifty moves above 17586 then it may also cross 17635 and may reach 17684.
between 17684 to 17731 is an Extremely strong resistance.
if nifty crosses over 17731 then it may also cross 17780 and may reach 17829.
if nifty moves down below 17535 then it may also cross 17489 and may reach to the level of 17442.
if nifty moves down below 17442 then it may take support on 17393.
If nifty crosses down 17393. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 17829 tomorrow and reach higher levels.
Nifty spot chart analysis for 18.10.2022Nifty is standing just inside a strong resistance zone of 17340 to 17292.
if nifty moves above 17340 then it may also cross 17393 and may reach 17442.
between 17442 to 17489 is an Extremely strong resistance.
if nifty crosses over 17489 then it may also cross 17535 and may reach 17586.
if nifty moves down below 17292 then it may also cross 17238 and may reach to the level of 17182.
if nifty moves down below 17182 then it may take support on 17125.
If nifty crosses down 17125. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 17586 tomorrow and reach higher levels.
Nifty spot chart analysis for 14.10.2022
if nifty moves above 17008 then it may easily cross 17068 and may reach to the level of 17125.
between 17125 to 17182 is a strong resistance zone.
if Nifty crosses over 17125 then it may also cross 17182 and may reach to the level 17238.
If nifty crosses down 16951 then it may also cross 16892 and may take support on 16840.
if nifty crosses down 16840 then it may also cross 16780 and may reach to the level of 16722.
If nifty crosses down 16423. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 17238 AND REACH TO THE HIGHER LEVELS.
Nifty spot chart analysis for 12.10.2022Nifty is standing inside a moderate resistance zone of 16951 to 17008.
if nifty crosses above 17008 then it may easily cross 17068 and may reach to the level of 17125.
between 17125 to 17182 is a strong resistance zone.
if Nifty crosses over 17125 then it may also cross 17182 and may reach to the level 17238.
If nifty crosses down 16951 then it may also cross 16892 and may take support on 16840.
if nifty crosses down 16840 then it may also cross 16780 and may reach to the level of 16722.
If nifty crosses down 16423. then it may take bounce back from bounce back zone.
IT IS HIGHLY UNLIKEY THAT NIFTY WILL CROSS 16985 AND REACH TO THE HIGHER LEVELS.
Nifty spot chart analysis for 11.10.2022Nifty is standing just inside a strong resistance zone of 17238 to 17292.
if nifty moves above 17292 then it may also cross 17340 and may reach 17393.
between 17393 to 17442 is an Extremely strong resistance.
if nifty crosses over 17442 then it may also cross 17489 and may reach 17535.
if nifty moves down below 17238 then it may also cross 17182 and may reach to the level of 17125.
if nifty moves down below 17125 then it may take support on 17068.
If nifty crosses down 17068. then it may take bounce back from bounce back zone.
it is highly unlikely that Nifty will cross 17535 tomorrow and reach higher levels.