Nifty Trade Setup for 08 FEB 2022 Nifty expected to open flat to small gap up opening. Expected Nifty to be in a range today. In case if 17330 levels is taken on upside and sustained we can expect Nifty to test 17460 levels. In case of resistance from CPR or previous closing price getting compromised we can again short Nifty for PDL and then look for Bearish...
Understanding trends through supports and resistances.
Nifty Trade Plan for 02 FEB 2022 Nifty expect to have a gap up around 17700 levels opening as global parameters looks positive. On opening if it manages to close above R1 then we can expect 17800 and Bullish Break out sustains we can even expect T1 & T2 levels today. In case of resistance from R1, then we can expect it test previous day close support.
Nifty has formed inverted cup and handle with low volumes. And looks like the expected target also reached. Now it has potential to move down even further from this level but to be wait and apwatch case in coming days. FII is heavily selling**. Comment your views if you have any. This view is only for educational purpose**.
Base is building around 17000 - 16900 zone price tested 16900 and below in last 2 trading sessions and recoverd back to close above 17100, from here on we can expect sideways or bullish momentum. In case Nifty closes below 16950 then we can see further decline in index till 16600. As of now support is at 17000-16900 and resistance is at 17165 & 17417.
Understanding trades of nifty future for 20.01.2022
Understanding trades of nifty future for 11.01.2022 (Tuesday).
This is my personal view for the day.. Not any tip or call. Take your decision on your own risk...
Understanding trends through support and resistances.
Understanding trades of nifty future for 31.12.2021 (Friday).
Understanding trends through supports and resistances.
Understanding trends through supports and resistances.
Understanding trades of nifty future for 28.12.2021 (Wednesday).
Nifty Trade Plan for 28 DEC 2021. Expecting a gap up opening in Nifty around 17180, Need to watch out the price action on opening few candles could sustain above 17188, then we can possibly expect 17250 targets. Any rejection from R1 levels , we can expect Nifty to retest the previous closing price around 17086. Since CPR being very wide, can nifty to trade in a range.
Understanding trends through support and resistances.
Nifty Trade Plan for 27 DEC 2021 Nifty expected to open flat to small gap down. Descending CPR in Nifty, bearishly biased. Any rejection from CPR is a shorting opportunity today. If PDL & S1 is compromised we can expect Target 2 getting tested on lower side. I would look for possible long opportunity only when 17075 is taken on upside and sustains.
Understanding trends through supports and resistances.
Understanding trends through support and resistances.