Index has a minor support at 10770 levels and strong support for the day at 10750 levels where mid term moving average is lying. Index has a resistance at 10880 levels for the day of 18 Jun 2018.
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Nifty has a strong support at 10550 levels where mid term Moving Average and Fibonacci levels are lying and strong resistance at 10930 levels where peak of May 2018 is lying. If Index manages to break these levels on either side than we can see 10300 levels on down side and 11200 on upside.
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I hope you can now see how NIFTY CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price analysis you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
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One more session of consolidation took place in the Indian Equity markets as the benchmark NIFTY50 ended the day with modest gains of 29.65 points or 0.28%. Markets saw a quiet opening on expected lines and just when it started to correct in the late morning trade, short covering lifted the Markets. Bulk of the short covering was rollover related in nature.
On ...
Nifty seen a major fall from its all time at@11171.5 and tested 9951.90 level, however From 9951.90 level, Nifty seen a straight steep recovery.
Currently its struggling near previous top and congestion zone . These levels are coincided with Fibonacci .50 retracement ( 10565). Nifty may face supply pressure near these levels.
In Previous session nifty formed ...
Nifty is trading below bollinger basis line (green line), to make nifty bull case senario, it has to give breakout above that green line.
If breakout not done - selling at high is good strategy.
If breakout done - Buy at breakout with sl below that green line.
Its a cliche but falling in NSE:NIFTY is inevitable. Bearish divergence in Nifty is clearly seen that indicates a short term but a very steep fall in next week. Year end closing will be bad hurting Returns on Investment of lot of mutual funds.
Short in opening trade on monday above 9980 (or upto 9965) with a target of 9933 (t1), 9686 (t2), 9548 (t3).
A stop loss ...
Nifty index Gap opened witnessed sustained buying interest for the 3rd trading session of week. Bulls rallied to the Hurdles around 10222 level but in the mid-session Bear is the strategic warrior who waited for the perfect timing shot to hit the Bulls at this levels. Pushing down index around 80 points from top in intraday the Fight continues and was promising ...
Hi ALL
After a long time nifty closed at 10378.4(below 100ma) and immediate strong support for nifty is at 10066 (200ma). Market is expected bounce back from 10066(200ma)(turn to uptrend at 200ma). failing which further downtrend(20ma will cross 100ma) lead market to fall to the level of 9310.
Thank you
Raju
On Monthly chart, as of now, Bearish Engulfing pattern can be seen, however the same will be confirmed at month end , if it see a close below 10404. ( Wait for it ).
On Weekly Chart: There is a Bearish Enfulfing Pattern, followed by a gap down , the gap has not filled yet. The Same Gap may serve as Possible resistance - 10702-10736 . Since then weekly closing ...
Support @ 10300
If it breaks next 10133
Resistance near 10700 - 10750
All Expecting bounce back but as per nature of nifty, it always surprise so Monday target - 10350 levelNSE:NIFTY
Nifty is still in uptrend with the immediate support at 10500 levels. The trendline will be considered broken for the year 2018 only if it falls below 9000 level which was the double resistance level for nifty in the past.
Key levels to watch : 10500 , 1000
If analysis in place tomorrow we should get a higher opening with potential to complete the wave 3 before it start wave 5 towards 10600 level. If tomorrow price break above 10500 and roll over after reaching 10576 area then the pull back will be a entry to wave 5 towards 10600...Happy New Year!!!
Nifty might open positive today. yesterday we saw profit booking from the higher levels as expected and Nifty closed right near the support level mentioned on the chart. Today, due to F&O expiry market may see some volatility and one should trade strictly at the levels.
KEY LEVEL is 10384 on the downside. The view is bullish till the support of 10384 is broken.
Nifty is consolidating right now and today is bank nifty expiry plus the global sentiments were a bit on the weaker side, so nifty can show some ebb n flow before moving in the trend.
For now 10384 is a key support level. 10400 PUT writing is on a continuous rise and also we saw some PUT writing at 10500 level too.
The PUT CALL Ratio is looking good. I still ...
Double Top and Bearish Engulfing candlestick pattern formed on Nifty. It is a signal for bear to takeover the nifty from bull. Fall will start from 10440 to 10396 / 10330 and possible to reach 10240. "Happy Trading"
