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 - Still BEARISH with Negative Sentiment
Tomorrow if any gap up or flat open, at supply zone 17870 is where we can take SELL entry. another SELL entry points are 17851 & 17800 below. Targets 17800/17758/17700 and below
BUY - Bullish expected only if Nifty sustains above 17895, if that is the case 17950/18000 will be tested.
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
Break out and Break Down Range for Nifty on 21.02.2023 , 17830 to 17900 .
Buy above 17900 for targets as 17960 and 18000, though it seems to be a rare possibility. Sell below 17820 for targets 17790 ,17740 and 17720 . 17740 to 17720 is high resistance area and we may see reversal from 17720 , and thereafter we may see a range movement.
My prediction is as...
Expectations for Tomorrow: Volatile day
Intraday Levels:
Buy Above - 17910
Sell Below - 17800
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
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.
NIFTY Intraday Trade Setup For 21 Feb 2023
Buy-Above 17865
Sl-17815
T-17940 18000'
Sell-Below 17815
Sl-17865
T- 17760 17700
NIFTY has closed negative note with 0.56% cut today. It has closed near day low like last day. So below today's low bearish sentiment will continue again. Today it opened and buy triggered above 17955 and hit 1st target 18000. After...
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 respected the levels mentioned in analysis yesterday. there is significant Put buildup and we could see a short covering rally, particularly in 2nd half on account of finnifty monthly expiry. going by finnifty OI data, finnifty could close between 18300-18350 ie over 50-100points up. this indicates a good short covering possibility hence nifty could once...
Nifty View and Levels for Tomorrow
BEARISH with Negative Sentiment. More Down move is expected.
Buyers and Sellers Zones - When price breaks the zone, Buyers zone will become Resistance and Sellers zone will become Support.
Refer the chart for detailed Intraday Support and Resistance levels.
Happy Trading!!
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 Trading Levels For Tomorrow Trading Session
Resistance 18000-18050
Towards Target of 18100
With SL of 18020
Support 17820-17800
Towards Target of 17730
With SL of 17830
NSE:NIFTY levels for tomorrow based on fresh and previously important support resistance areas,
- please wait for candle close on levels for retest/breaking of the level for next direction.
Expectations for Tomorrow: Volatile day
Intraday Levels:
Buy Above - 18010
Sell Below - 17850
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
My Predictions for Nifty Movement ...
Though Nifty has shown uptrend in short term time frame (15 and 5 Mins ) , but the downward trend continues on daily and Weekly chart as the previous swing failed to break out the LH on 23 Jan 2023. Hence while keeping both small time frame trend and daily time frame in view and the technical analysis , I predict today's...
