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.
Understanding trends through supports and resistances.
Pivot points based on support and resistance after analysing weekly, daily and 15 min time frame.
Pivot points based on support and resistance after analysing weekly, daily, and 15 min time frame