HELLO FRIENDS , AS PER PRICE ACTION AND SUPPORT AND RESISTANCE SET UP NIFTY BUY ABOVE 11461 FOR THE TGT OF 11750 TO 11800 WITH SL OF 11350. AND NIFTY SELL BELOW 11300 FOR TGT OF 11900 WITH SL OF 11350. HAPPY TRADING FRIENDS.
-SGX NIFTY IS INDICATING A 60 POINT GAP-UP -WE WILL OPEN NEAR OR ABOVE THE TRADING RANGE OF NIFTY OF 10690-10830 -POSITIVE NEWS INFLOWS FOR MAJOR STOCKS WE MIGHT SEE TEST OF 200-SMA PLACED AT 10880 -CRUCIAL SUPPORT IS PLACED AT 10690 -CRUCIAL RESISTANCE IS PLACED AT 10850 -"PLEASE NOTE" NIFTY IS TRADING INSIDE THE BAR OF 8TH JUL FOR TWO CONSECUTIVE DAY -TODAY...
Nifty50 is weak and falling facing resistance at a higher level. However, if it holds 10630 levels, then you may witness 10800 followed by 10900. So, my personal view is to go long if Nifty50 holds 10630 with an SL at around 10550 levels. Risk- Reward is also good. Happy Trading! Akme Analytics
-SGX NIFTY IS SHOWING A DOWNTICK OF OF 60 POINTS -YESTERDAY NIFTY TESTED THE UPPER RANGE OF 10830 -I EXPECT THE INDEX TO TRADE WITHIN THE RANGE BUT WITH A UPSIDE BIAS -THE MORE TIME NIFTY SPENDS INSIDE THE RANGE THE STRONGER WILL BE THE BREKAOUT -BUT STILL WHAT WE HAVE ON NIFTY IS A RANGEBOUND MOVEMENT FROM 10690-10830 -THIS PRICE ACTION IS VISIBLE ON 30-MIN...
Hii this is trader Kanishk This is the analysis of NIFTY I have shorted nifty, do you ? and waiting for a new gap down open on tomorrow morning. Here the phase is very volatile and we don't have to took long position in nifty . this is a bear market phase and this is not the recovery this is the bullish trap . so please avoid yourself to put the long positional...
A Potential H&S Pattern is forming on 60 Min NIFTY50 Expect the long and short rides as the Right Shoulder is formed. S&P500 is also exhibiting a similar pattern on the 60min chart.
nifty is going to open more than 200+. At opening (b) control price can react as resistance, otherwise, the next resistance at (a) controlled is too far at 9414 nearby. There's more chance to get a fall on nifty. As per the time cycle nearby date 20 April, we may see nifty 8800 below.
In last update, I have updated everything about nifty which was clear. Actual support also mentioned 11854(made low 11844). Still nothing is much change in this update. Support 11854 is strong and reference of Cycle(ii) 11934-11955 non stop move. Breaking and closing below 11812 previous investor's supoprt will push nifty down but chance is very low till.
Cautiously optimistic seems to be the mood of the street. After a major reform for corporate tax we did see some bouts of optimism, will it be sustained is what is important to be watched in the coming weeks. Seeing a wild swing of almost 300 points on the nifty and 1300 point on nifty bank, it looks the bulls may take a breather or may look for further cues...