Nifty likely to open flat to small gap down.
If 17756 is compromised and then we can expect it test our BO Target 1 & 2 and even yesterday's virgin CPR likely to be tested out.
In case if it finds some support around those monthly support of 15720 then we can again expect Nifty to bounce back from there .
From last 2 Months Nifty Trading In above Range.
15450 Work As Strong Support.
Two Close Below 15450 Further Downside expected.
If 15450 Not Broken Then Again Market Try To
Attempt To Touch 16100.
So Trade Accordingly.
NSE:NIFTY
Levels will be same as given earlier.
Go Long only above 15880
Target -1 15940
Target- 2 16000
Go Short only below 15739.40
Target-1 15684.10
Target-2 15628.40
Scenario:
1) If Open with gap up above 15880 then go long but wait for initial 15-20 minutes. Book profit with 50-55 points only. Then wait for a clear sign for for uptrend.
2) If...
Asian markets tumbled on concerns about China's recovery and tighter regulation on technology companies
Now it stands at very crucial levels as if the Index fails to reverse from current levels and break below 15680 levels then it should be considered as a breakdown from the ending diagonal pattern
In 45 minutes time frame NIFTY is still seems to be...
Perfect ASCENDING TRIANGLE pattern has been formed in NIFTY which is also a BULLISH continuation pattern
and the RESISTANCE being 15900 which has been tested multiple times as you can see in the past and there is much likely chances that it’ll break above because of multiple rejections in the past made it weaker
You can witness 60-120++ points rally if candle...
As discussed though NIFTY showed some strength in FIRST but ended up being VOLATILE finally and exact rejections seen from 15900 levels as expected
Now the reason being under pressure as its closing 15830 which is very crucial as we can see NIFTY faced much pressure as BEARS always overpowered BULLS in these levels so it is expected if opened weak we can see...
Though nifty had been in a bull run as we expected and discussed in last analysis but couldn’t give its day closing well
If it closed above 15840 we couldn’t have expected another bull run as 18540 range is level where multiple rejections can be seen,
Tomorrow first 15 minute candle is to watched, if closed above 15840, we can expect a small run toll 15900...
More like INVERTED HEAD AND SHOULDERS PATTERN identified and also a TRENDLINE which had been acting as a RESISTANCE
Now standing at MAKE OR BREAK LEVEL as break of 15745 level would not only break the trend line but also the NECKLINE of the potential INVERTED HEAD AND SHOULDERS PATTERN, but candle close is need to confirm the breakout, the safest way to make new...
It is very necessary to understand the technical as well as to analyze the data to predict the market behaviour. hence, this is the small video that has tried to analyze tomorrows behaviour of the market.
from " stock diary" you will learn to evaluate the nifty50 trend and FII/DII data along with how to do a technical analysis of the chart.
Nifty trading at real crucial levels as it is trading in ASCENDING triangle pattern which also shows strong bullishness as 15900 being the RESISTANCE
Break of this very level can give rise to 16000 level anytime sooner or even in one go!
Must keep watch on following given levels
Nifty is above 15750. May face resistance at 15900. Being last expiry of the month volatility is expected. Follow the targets with trading rules
Immediate Support: 15800
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Nifty Trade Plan for 16 June 2021
Today's Trade Setup :
Global clues looks little weak.
Expected Nifty to open slightly gap down.
If Nifty opens gap down, then 15870 holds the key resistance and 15835 a strong support to watch.
If 15835 is taken out we can expect Nifty to fill the previous gap and test out 15780 & lower.
In case if 15870 is taken on the...
Hay guys this is Rachit, and i am making nifty technical analysis video for a long break. hope this video will give you some idea.
please consult your financial analyst before making any trades.
Nifty Trade Plan for 11 June 2021
How chart looks on HTF :
Nifty formed a good bullish candle on daily time frame taking good support from monthly support zone
Expected Opening :
Expecting a flattish to small gap up opening in Nifty.
Today's Trade Setup :
Nifty looks bullish and managed to close above next day CPR.
If flat or gap up opening, watch out for...
Nifty Trade Plan for 10 June 2021
How chart looks on HTF :
Nifty formed a bearish candle and managed to close just on the monthly opening price as support.
Expected Opening :
Expecting a flattish to small gap up opening in Nifty.
Today's Trade Setup :
Monthly Support (Purple dotted line) is a good support that was sustained in yesterday's session.
Expecting...
