Gaps indicates that wave (3) started from 13192 is running and wave (4) is pending. from 13192 nifty not even retraced 23%. So as of now 13784-13671 is retracement range for wave (4). But if nifty trades below 13671 then we have to recheck our wave count.
Nifty already achieved its minimum projection. Now we need to see the bounce from 13402 to find out reversal range.
hi everyone as we are witnessing nifty going high and making all time highs, but it needs to breathe too, according to the chart, I strongly feel that nifty might take a break from its run and should retrace to its last all time high of 12500 but the view will change 100% and we will have to review the charts again if it closes above 13575 on 11 Dec 2020 so...
Note: This is for educational purpose only. I have liquidated my long positions and booked profit as I feel the market is overheated. Please assess your holdings and be cautious at this stage. There seems to be a sharp correction in the market.
NSE:NIFTY each levels act as support and resistance , one can trade on 3min, 5min,15min as per their trading setup. for reference one can check old published levels that how it works. this can help you in intraday.
NSE:NIFTY each levels act as support and resistance.
Note: This is for educational purpose only. This is to just identify the support levels. I don't have any bias on index as of now.
Nifty if crosses 12824 seem to be little bearish if passes 12770 expected a good bearish view. Currently Nifty at a over bought level, MACD crosses upper side. Breakeven points 12824 & 12770, If further good level can be seen for two days
NSE:NIFTY each levels act as support and resistance.
NSE:NIFTY each level act as support and resistance , one trade on 3min, 5 min and even 15 min as per their trade setup.