In Nifty Daily time frame its takes a support from 21700 level and made a inside candle in last trading session, if we can see in RSI then its looks like a divergence in price pattern. As per RSI if Nifty will be bearish then it has to break the 21700 level and make a lower low which is the next support of 21500 level. and we can see 21000 level if its going as a...
Nifty50 Support And Resistance 9-Feb-24
Please find below simple resistance and support:
If crossed up then will see upward move as follows:
If crossed down then will see downward move as follows:
This is only for education purpose. Do your own research before investing or...
Nifty Analysis - Stance Neutral ➡️
Recap from yesterday: “We broke the 21491 support by 12.24. Just look at the strength of the candles today — 5 RED candles followed by a Doji. Our stance changed from neutral to bearish as soon as the support was breached.”
The open was perfect - a good gap-down followed by selling pressure, but the 2nd candle gave...
Amid the all fears of Rising crude oil prices, Fed hiking rates, Rising US treasury yields with no sign of inflation being in control or Rising Dollar index. There is no doubt that bearish sentiment has prevailed among many retail people. But one thing cannot be denied that Indian market has stayed more defensive compared to global markets.
One pattern that I...
Nifty 50 has been opening with a down gap from two consecutive sessions and today it opened in between Immediate support zone of 21456 - 21349.
Shorts might get covered here.. and we see some bounce from here.
If breaks the head and shoulder pattern then will go for a long.
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Nifty Intraday Prediction Levels for 7 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. These are strictly for Intraday Trading only. Execution only after break out and close above the Resistance zone or break down and close below the Support zone.
You have to trade according to level breakout or...
Nifty Intraday Prediction Levels for 1 Dec 2023
The chart indicates 15 min time frame. These Levels act as Support or Resistance according to price. They are strictly for Intraday Trading only. Execution only after break and close above the Resistance zone or below the Support zone.
Major Resistances- 20190,20240,20265,20290,20340,20390,20440,…
"Good morning, friends🌺! As of November 30th, the global market sentiment remains bullish, supported by the Dow Jones. However, our local market exhibits a significantly bullish trend. It might open with a neutral to a slight gap-down, considering the GiftNifty value at -10.
Structurally, it appears to be a range-bound market. Even if it opens with a gap-up or...
If market open 19850+ market goes up and we
will see up ward move.
But if market open gap down below 19765
and sustin 5-10min its down trend clearly
Note = Only for education purpose
Recently nifty was in a continous uptrend and formed a bullish descending broadning wedge
Now the probable chance is to form a head and shoulder pattern from here
lets see how things workout my prediction for head and shoulder is 60%
"Good morning, friends! As of November 20, the global market sentiment is bullish, as indicated by the Dow Jones. However, our local market is showing a moderate bearish trend. It may open with a neutral start because the GiftNifty indicates a value of +7. Structurally, we can expect a range market either if it takes a pullback or breaks the previous day's low. ...