Nifty will be flat opening in today's session. The expected opening above the 18400 level and the 18400 to 18450 level is the consolidation range and if nifty breaks the 18450 level this level then the possible upside go up to 18550+ in today's session. in case nifty trades below the 18400 level than possible downside rally up to 100-200 points.
Just as we had stated yesterday, about observing the formation of an inverted hammer on the Daily as well as on the Weekly chart of Nifty, also about witnessing a bounce back and thereafter a closing of above 18400. Likewise we did witness exactly the same yesterday itself, as fortunately Nifty gave a closing of 18420.45
Well, now it's time to witness some...
Nifty Targets by Support and Resistance
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 18377- 18387
Second Support Zone For nifty50 – 18290 - 18300
Third Support Zone For nifty50 – 18250 - 18260
Resistance Zones For Nifty50 Intraday Trading...
The FASP for Nifty is listed for 20-12-2022. 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 : Levels for 20th Dec
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
Nifty is showing some signs of recovery and has formed a strong bullish candle.
The market has closed above 18400 level and on the hourly time frame, the market has closed above both the moving averages.
Candle has closed near 38.2% fibonnaci level. If the market sustains above 50% fib level i.e. 18520 level the market can go to the recent high.
On 15 minute...
the pre-market indicates a slightly positive start. Market nature is slightly bullish to bearish. if the opening market rejects sharply then we will expect correction continuation, at the same time there is going sub-wave 5th, so once the 5th will finish then we will expect an ABC pullback. On the other hand, if the opening pullback sustains, then we will expect...
Good Morning!
We are glad that our pre-updates on being cautious in the Market, could help all our followers during the previous week.
Well, as of now, on observing the formation of an inverted hammer, both on the Daily as well as Weekly chart of Nifty, we are quite hopeful for a bounce back in Nifty. Which if happens, then we can witness a positive closing of...
Nifty will be slightly gap up opening in today's session. After opening nifty sustain above 18300 level and then possible upside rally up to 18410+ in today's session. in case nifty trades below the 18260 level then the Short target can go up to the 18150 level.
The rise from the Mar'20 bottom was an impulsive move which should be considered as the Primary Degree Wave-1 concluded near the zone of 18600 in Oct'21. From that top Nifty50 fell down in a corrective way and made a low of 15183 in Jun'22. This fall was not even reached to Fibonacci 38.2% retracement level positioned at 14400 zone where the previous fourth of 1...
Nifty on the weekly time frame has given a gravestone doji losing 220 points.
The markets, on the daily time frame has closed below 20 ema and has tested the ultimate level of 18250.
On the hourly time frame, market has closed below both the moving averages and there is possibility of a bearish moving averages crossover.
The market has given a nice...
The Fib Levels for Nifty is listed for 19-12-2022. 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.
How Does This Work?
The three levels on both sides are usually easily achievable. The Targets above are bit difficult to achieve in a single...
Nifty Update: How to position?
My strategy for upcoming sessions.
Three Possible event to play out in coming sessions.
Bounce from approx 18.1k to 18k level, this level is
- 23.6% Fib retracement from the lows of June' 22 to fresh ATH.
- 50EMA of NIFTY, will act as supports
- High of Sept' 22 Top, will act as support.
Any bounce from...
As shown on the chart, the levels are marked using Fibonacci and harmonic patterns. Hence, the supply zone seems strong. A good rejection from the supply zone, the targets are as mentioned on the chart.
This is my view and not a financial advice.
Nifty Targets by Support and Resistance
Support Zones For nifty Intraday Trading
First Support Zone For nifty50 – 18390- 18380
Second Support Zone For nifty50 –18298 - 18314
Third Support Zone For nifty50 – 18208 - 18217
Resistance Zones For Nifty50 Intraday Trading
First...
Resistance level:18336.15
Support level : 18230.60
****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...
TARGET HIT!!!
Had published this idea 14 hours ago
(NIFTY 50 ANALYSIS WEAK SENTIMENTS SHORT OPPORTUNITY
As you can see from the charts of nifty 50 on daily time frame it is forming a bearish abandoned baby pattern
which is bearish in nature. nifty 50 may show weakness in coming days as global sentiments are also on negative side
short opportunities are formed if...
