Happy New Year 2023!! In this video, I share my analysis for Bank Nifty for short term overview. I use my own technique called FASP to identify the immediate targets for the index. These levels are important to recognize where the key resistance and support points exist. Map these levels to your charts and explore how it works for you. Wish you a very happy and...
Nifty lost its steam of bullishness as of now, it is in a range where dias is undecided only if it breaks and closes below 17770 on Daily closing basis it will get Bearish & if it breaks and closes above 18710 on Daily closing basis it will get Bullish in between the above 2 levels it will keep giving Goosebumps, hence avoid heavy positions till then.
Check out banknift chart 15 minutes time Frame. Check out banknift chart 15 minutes time Frame.
Nifty has ended the year at a very crucial juncture and next few days or weeks would define its way forward in 2023. Fibonacci Analysis: - If one connects the Sep end lows of 16747 and current Dec highs of 18887 , Nifty retraced to its 50% level of 17800 and found support there. Similarly for the current downmove in Dec from 18887 to 17774, it found...
The FASP for Nifty is listed for 02-1-2023. You can add this levels to your trade setup for better results. This should not be the only indicator but an additional tool to increase your winning possibilities. What is Fibolysis Anchor SupRes Points(FASP)? It is a unique level arrived by using Fibonacci Retracement , Fibonacci Extension , Standard Pivot levels...
Nifty Strenghtening Support 1 - 18044, support 2 -17903, Strongest Support -17777 Nifty Strenghtening Resistance 1 - 18174, Resistance 2 - 18263, Strongest Resistance - 18323 MARKET RANGE - 17750 - 18350 EMA placement: 10 EMA - 18174, 20 EMA - 18256, 50 EMA - 18163, 100 EMA - 17861, 200 EMA - 17494 WORLD sentiments: Strong SELL. Indicators : SELL.
The global market indicates a positive start. market nature is slightly bullish . market may start with a gap-up . After the gap-up market sustains, it will reach major key levels. and also all are major rejection levels, so there market rejects, then it will retrace min 38%. on the other hand, if the initial market rejects sharply, then we will expect a...
Gap up opening expected in nifty. After opening if nifty starts trading and sustain above 18320 level then possible further upside rally upto 18470+ in today's trading session. Any downside possibility only below 18280 level. Downside 18170 level will act as an important support for today's session.
The global market indicates a positive start. market nature is slightly bullish. market may start with a gap-up. After the gap-up market sustains, it will reach major key levels. and also all are major rejection levels, so there market rejects, then it will retrace min 38%. on the other hand, if the initial market rejects sharply, then we will expect a...
So, once again yesterday we had witnessed the accuracy of technical analysis. Where on one hand, due to effectiveness of shooting star we had observed a gap down opening yesterday. On the other hand, we did also witness a beautiful bounce back in Nifty during the last Market hours. This positive bounce back, finally resulted in giving a stable closing of above...
Nifty One Hour Chart Analysis For Intraday Fuure & Option Trading Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 18060 - 18070 Second Support Zone For nifty50 – 17970 - 17985 Third Support Zone For nifty50 – 17775 - 17790 Resistance Zones For Nifty50 Intraday Trading...
Never make any positioms in HIGH VOLUME RANGE, If breaks the high volume range on either side(sustains after break), usually when it breaks the range, it gives a great move on both sides.(mostly it breaks the range after testing), Then iit goes like a Rocket.(blast with a great(big) move).
The final expiry on this year has given a New year gift to all the trading communities. Nifty has formed a bullish engulfing candle and closed near to 18200 level. It is still trading between both the moving averages and after a sell has recovered very quickly. On the hourly time frame, the market has given a 110 points move in the last trading hour and closed...
Nifty will be gap down opening in today's session. The expected opening near the 18030 level and the 18030 to 18070 level is the consolidation range and if nifty breaks the 18030 level this level then the possible downside go up to 100-200 point in today's session. in case nifty trades above the 18070 level than possible upside up to 18170 points.
Nifty One Hour Chart Analysis For Intraday Fuure & Option Trading Support Zones For nifty Intraday Trading First Support Zone For nifty50 – 18060 - 18070 Second Support Zone For nifty50 – 17970 - 17985 Third Support Zone For nifty50 – 17775 - 17790 Resistance Zones For Nifty50 Intraday...
Resistance level:18173.80 Support level : 18114.95 ****Fib Retracement levels will act as the support or resistance**** If candles are sustaining or break above resistance level , we can expect upside move and the targets will be fib retracement levels as per chart If candles are sustaining between resistance and support levels, consider as neutral If candles...
Nifty has been constantly taking resistance from the golden ratio, forming a gravestone doji on the daily basis. The market today remain in a 100 point range and closed flat. Tomorrow, let the market show some clear trend and watch for the option premium as it is last expiry of 2022. On the hourly time frame, the market has traded near the 20 ema and closed...