Nifty ended the day at the same levels as yesterday, at 22302.50. The closest support or demand area lies between 22102 and 22179, while a bit further down, another support zone ranges from 21850 to 21937. On the other hand, the nearest resistance zone is between 22444 and 22494, with a more distant one stretching from 22755 to 22794. Traders will be watching...
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Also in the 63mts TF we did not really break it, if you are a conservative trader, it is a good idea to wait for one full candle to form below 22295." Today the entire action was around the 22295 levels. The open was a gap down and N50 spent time till 11.47 underwater. The 22295 level was broken by 12.07 and...
Nifty traded within prev day's range, it erased the intraday gains after taking rejection from trendline Nifty needs to move outside the prev day's range to show Directional Movement on Expiry day The Wednesday session HIgh & low can work as Resistance & support zone, For Gap up/ Gap Down, track for Price action confirmation at imp levels Resistance /...
22164 above sustains or hourly closing then upside momentum 📈 is possible to above targets marked 22318 and 22393 If any hourly closing below 22164 then 📉 📉 📉 to 22057 Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.
Please find below simple resistance and support: Resistance: 22369 If crosses up then will see upward move: TGT: 22480 Support: 22246 If crosses down then will see downward move: TGT: 22185 This is only for education purpose. Do your own research before investing or trading. I AM NOT SEBI REGISTERED ANALYST, SO BEFORE TAKING ANY DECISION CONSULT ANY...
BANKNIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 48250 Invalid-Below 48140 T- 48750 Bearish-Below 47850 Invalid-Above 47960 T- 47200 BANKNIFTY has closed on a bearish note once again with 0.55% cut today. It opened below our sell level and respected the same however overall it was sideways with injections. It has formed a spinning top candle in daily...
NIFTY Intraday Trade Setup For 9 May 2024 Bullish-Above 22370 Invalid-Below 22320 T- 22605 Bearish-Below 22170 Invalid-Above 22220 T- 22000 NIFTY has closed on an absolute flat note today. Yesterday we discussed that index has reached 50 EMA and there is a chance of respect. Tomorrow after a flat opening if index sustains today's high then there can be 0.618 %...
The trend is indecisive for sure, and upside is lower than the downside.
Reliance is showing signs of support at important levels. hope it holds and rise further.... But FII selling qty will decide i think....
Nifty will be gap up opening in today's session. After opening nifty sustain above 22320 level and then possible upside rally up to 22440 level in today's session. in case nifty trades below 22280 level then the downside target can go up to the 22160 level.
Today, Nifty's support area is between 22102 and 22179, while its resistance is between 22444 and 22494. Nifty ended yesterday at 22302.50, showing an important change in its trend. The overall feeling is turning bearish because the Nifty went below the lows of the last nine days and closed there. Traders and investors need to keep an eye on these levels as they...
"Good morning, friends🤝🍬! Here are the directions for May 8th: There have been no changes in the global market; it's maintaining a moderate bullish sentiment, while our local market sentiment indicates a bearish trend. It might open with a neutral to slightly gap-up start, as suggested by GiftNifty, showing an increase of +20. Nifty fell solidly in the previous...
Hi, NSE:VIPIND has given a Bullish Inverted Head & Shoulder Breakout on Daily charts with very good volume. MACD is also on the bullish side on Daily and Weekly time frames. RSI is also on the bullish side on daily, weekly and monthly time frames. In the current market scenario, I am expecting that the bullish momentum will continue. Complete price...
Profit Booking or Sell off by FII has pulled the Nifty down, RBI draft policy added fuel to the sell off in banking + domestic big players called for Sell in Nifty. Any more Selling from FII larger than DII will not see any chart levels and price could fall only. In case FII pause their selling on 8th then good chance for quick spike in Nifty back to ATH - 22750...
The Index couldnot hold opening gains & showing correction from last 3 sessions Until it stays below 22500 level, it may come to test the level of 22200/100 Upside imp hurdle is placed around 22500 zone while immidiate support is near 22200/150 zone *For Educational Purpose
Nifty Analysis - Stance Bearish⬇️ Recap from yesterday: "Our markets not rallying as against the recovery in US markets - speculating something to do with the re-election and taxation. Since I do not have any data points, will wait for more clarity." After having an inline opening, Nifty50 started falling quite aggressively. Without a real struggle, 22295 was...
NIFTY Intraday Trade Setup For 8 May 2024 Buy-Above 22350 Invalid-Below 22300 T- 22590 Bearish-Below 22230 Invalid-Above 22280 T- 22000 21800 NIFTY has closed on a bearish note with 0.62% cut today. Sell triggered below 22350 and gave a good move till 22335. Index held 50 EMA in daily TF. In case 50 EMA is respected then 22350 will be a bullish reversal level....
If rejection happens from 22309 then more 📉 📉 to 22166 If hourly closing or support sustains above 22309 then short covering 📈 📈 to above levels marked on the chart Disclaimer: Its a personal view not a financial advise and I assume no responsibility and liability whatever outcome arises.