Nifty is following the sentiment changes where the mood has shifted to profit booking and correction. But I would like to repeat again that over bought markets tend to go higher. Few days back where even a monkey with a demat account was long on the index, today most of them have take SL or shifted to the short side. That gives bulls a chance to initiate a short...
NSE:NIFTY
Levels on Chart as per Cash Index
Trade Setup : Use the Zones (Buyers / Sellers) to enter the market once the zones are tested and market shows smallest signs of respect to the zones. Break above or below the stop losses market may lead the directional trend for further strength or weakness respectively.
Overall Sentiment is still bullish unless...
NSE:NIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
SGX nifty indicates a slight negative to neutral start.
The global market nature is neutral. as per the wave structure says subwave 3rd is progress 4th & 5th is bending. On the other hand if the market breaks subwave 1 it will turn to consolidation into a correction.
Today's will be gap down opening in Nifty . After opening if nifty sustain above 17950 level then possible upside rally 100-200 points. Any downside expected below 17900 level.
Nifty Spot - 18.08.2022
The Index is trading @ 17956 levels
There is a STRONG RESISTANCE @ 18080 levels, recent high is 18113
There is a STRONG SUPPORT @ 17600 levels
The immediate support is 17800
There is a MACD Bearish Divergence in Daily Chart, let the prices go below 17820, one can initiate a SHORT POSITION in Nifty with stoploss @ 17990 levels
Waiting...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
SGX nifty indicates a slightly bearish start. The global market nature is neutral. So the market can pull back from each minor support zone. According to the structure, my expectation is Nifty 38% and BN 78% correction. On the other hand, if the market breaks the previous day's highs, it will form a diagonal structure.
Today's will be slightly gap down opening in Nifty. After opening if nifty sustain above 17950 level then possible upside rally 100-200 points. Any downside expected below 17900 level.
Nifty has given range breakout yesterday, but got rejection from 18000. There will be 2 important levels to watch out 18000 and 17800. NSE:NIFTY1! NSE:NIFTY
NSE:NIFTY1!
📊 Each levels Act as support and resistance 📈📉. One can trade on 3min, 5min and 15 min as per their trade set up. For reference, one can check our old published ideas.
If any candle taking support from any level then try to identify that is that reversal candle at support or what if that is reversal candle then go long above that reversal candle and...
All the information shared in this chart is provided for strictly educational purposes only. This chart is sharing information are based on the theory of technical analysis. This is not an offer to buy or sell stocks, futures, options, commodity, forex, interests or any other trading security. Back test yourself before jump into live market consult your financial...
