Nifty closed above 18,000 resistance area indicating more upside move on upcoming days. Now resistance for Nifty stands at 18300, while there's an immediate support at 18000 and next support is at 17850.
NSE:NIFTY ⏺ 4/1 Hourly - As Nifty breaks the long time Resistance, we can see good up move after 18090 ⏺ 15/5 min - same as above. ✅ Support - almost everywhere, 18000,17960 ❌ Resistance - 18090 📈 Trend? - 100% up (what this basically means is that you should avoid treading against the trend *whatever it may be* as it will not give you much points) ↕ Market...
Nifty formed a Double Bottom Pattern Support is Around 17890-17794.
>Chances that Market will Retest 18000 level then grow up to 18200 level else if market gap open and touches 18200 level then will come down upto 18000 levels. >Immediate Support is 18000 >Immediate Resistance is 18200 >Support will Become Resistance and Resistance will become Support once the level Breaks. *Always Enter With good confirmation & Maintain...
Nifty Trade Setup for 09 Nov 2021 Nifty gave a beautiful rally taking support from previous virgin CPR and looking strong. In case if Nifty opens flat or gap up then any pull back to today closing price or Bullish Reversal zone of 18000 or 17970 is a buying opportunity and we can expect Nifty to test our first target of 18140 & if 18160 resistance is taken out...
We have seen good momentum after some downside opening. CALL writer at 18000 level got trapped. Now 18000 is itself is immediate support for nifty and 18100 ,18200 target open as CALL writer have multiple position at diff strike. if 18100 break then we can see a good momentum tomorrow. further on the downside 17900 is strong support now. 18000 CE and 18100 CE will...
Nifty Nov Fut is Trading within Trinagle Pattern from last 10 days and Taken support from DS ZONE Look out for Breakout. As I always recommend that all TGTS are entry and exit levels and also All pattern lines can also be exit and Entry levels. Nifty Nov FUT Levels for 08/11/21 Buy above 17970 TGTS 18000/18020/18080/18140/18210 MaxUp(18270-18330) (on upside...
NIFTY will open gap up today. Expected opening near 18000 level. After opening if nifty sustain above 18000 and starts trading above 18050 then there will be strong upside move upto 18220+ level in today's session. Any downside only possible if nifty starts trading below 17880 level.
Over all Below Bullish point for the month of November... Sell on rise near 18099-18165 levels... reference chart for the month attached below trading levels marked... LIke... Share... Follow..
Nifty Intraday trading levels for tomorrow 8 November
Nifty spot on Monthly tf levels red dotted lines are tp Discalimer : only for educational & leaning purpose
3. Final Nifty Analysis - 1. Major Support - 17400 zone. Major Resistance - 18000, 18340, 18600. 2. Past Trend - Up, correction is going on and it is deep with multiple legs, 2 3. Strength/Weakness - current strength is in down as shown by last fall from 18340 to 17613, in fact this down move was stronger than before. 4. Future Trend - a. strength ->...
Understanding trends through support and resistances.
Nifty opened the Muhurat session with a gap up of 100+ points but it must trade above 18000 for short-covering moves. Near 17950-18000, there is a supply zone created by the shark pattern from where the price could take a dip or could take it by force to the upside for short-covering momentum. Happy trading. :) This is just for educational purposes.
Nifty closed below PDL, facing resistance of 20EMA on the daily chart. Nifty has to breach the 20EMA line to regain strength and trend upwards. Till then it will continue to retrace and trend downwards/sideways consolidation. Let us see how the sentiments support the Nifty fightback in the next few trading sessions.
NIFTY didn't make above 17900 today and expiry was volatile and both side movement has been seen. Further trend deciding level is 17800 if break then 17700 and 17600 are week Support on the upper side 17900 is immediate resistance. We do not have much data in option chain.So we have to look for 1-2 trading days for clear picture :)
NIFTY will open slightly gap up today. Upside important level for nifty is 17940 level. If nifty starts trading and sustain above then level then expected upside rally towards the 18100+ in today's session. Downside 100-150 points possible if nifty gives breakdown of 17850 level.
As we stated in last day's analysis on Nifty that it may see some pressure near 18k zone that clearly what we saw today. Now moving ahead price will face some resistance on 18k area again while support on the downside is 17600. However if Nifty manages to clear 18000 then it can can go to 18200 - 18320.