Good Morning,
As we could witness yesterday, Nifty showed us a gap down opening and henceforth stayed below its predicted support level of 17310, for the entire trading session.
Moreover, from 17100 to 18100 and vice versa, this Volatility of a sharp 2000 points in Nifty is an indication of a new bull rally as per the chart setup.
Well, as of now 16800 will...
Nifty Trade Setup for 19 APR 2022
Expected Opening:
Nifty expected to open with a small gap up opening between R1 resistance and Bearish Reversal zone.
In case R1 resistance holds good we can again expect Nifty to test CPR levels. Any support getting confirmed at CPR we will have a good opportunity to take long position with R1 & above targets.
In case if CPR...
Good Morning!
On observing the Market’s Momentum these days, we can say that Nifty is currently highly confused and is consolidating between the levels of 17630-17800.
Moreover, as the Results season has begun, it’ll be suggested to take a smart move and be stock specific as of now.
Nifty Levels...
Nifty has given a nice touch to the previous support and 20 ema on 15 mint chart frame.
Market is between 20 and 200 ema.
Nifty looks bearish on short time frame.
Support :- 17500, 17425
Resistance:- 17700, 17800
Wait for the price action near the levels
Good Morning!
On observing the current situations, it seems that Nifty is somehow rebalancing the affects of the “HDFC Merger”. In relation to which, we did observe a clear closing of near to the stated support level of 17800, yesterday.
Whereas, on the positive note, even after making a low of around 17779 we can say that Nifty beautifully managed to not...
NSE:NIFTY
Observations:
1) On 15min time frame, we can see a rounding bottom pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for 23-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on...
Good Morning,
As expected and already stated, the level of 17300 is now a crucial resistance for the index and the same had been observed in the yesterday's trading session as well.
Moreover, as per the current chart setup, we are expecting a healthy pull back towards 16990 in nifty, for its another attempt to cross a its crucial resistance of 17300.
Also in a...
![NIFTY: Simple Trade Setup | NIFTY | 23-03-2022 [INTRADAY]](https://s3.tradingview.com/z/ZvXZ5TNS_mid.png "Simple Trade Setup | NIFTY | 23-03-2022 [INTRADAY]")
