Nifty View for Monday 05.12.2022
Short term BEARISH view in Nifty expected and tomorrow Nifty Likely to Open Flat/Small Gap up, any breakout above 18775 Target 1 will be tested and 18830 will act as Strong Resistance. Probably we can expect reversal. Incase of any weakness closes below 18618, Target1 and 2 on the lower side will be tested.
At Buyers zone we can...
Nifty in this week has created a new ATH and closed near 18700 levels.
The market has givena nice bullish move and has gained 1% in this week.
The market has touched higher highs and has closed above the 38.2% fib level on the daily time frame.
There was a sell off in the market in the first half and recover in the second half losing 115 points on day...
Nifty will be gap up opening in today's session. After opening nifty sustain above 18820 level and then possible upside rally up to 18950+ in today's session. in case nifty trades below the 18770 level then the Short target can go up to the 18670 level.
as per the structure there is going 4th subwave, so Monday we will expect 5th correctional wave, once the 5th finished then we will expect pullback waves. Its minimum will reach 23 to 38% fib level.
The global market indicates a slightly negative start. the market nature is neutral to slightly bearish. if the market takes support around 18745 then we will expect a pullback to rally continuation. On the other hand, if the market breaks that zone, then we will expect correction with a minor pullback.
Resistance level: 18854.70
Support level : 18777.85
****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...
Nifty will be gap up opening in today's session. After opening nifty sustain above 18820 level and then possible upside rally up to 18950+ in today's session. in case nifty trades below the 18770 level then the Short target can go up to the 18670 level.
Nifty will be flat opening in today's session. The expected opening above the 18600 level and the 18600 to 18670 level is the consolidation range and if nifty breaks the 18670 level this level then the possible upside go up to 18800+ in today's session. in case nifty trades below the 18600 level than possible downside rally up to 100-200 points.
Gap down opening in nifty. Expected opening below 18000 level. After opening downside 17950 will act as an important support for nifty. Any major downside only possible below this support level. Upside if nifty starts trading and sustain above 18070 level then expected 100+ points upside rally.
Resistance level: 18943.70
Support level : 18650.80
****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...
Nifty will be gap up opening in today's session. The expected opening above the 18400 level and the 18380 to 18430 level is the consolidation range and if nifty breaks the 18430 level this level then the possible upside go up to 18520+ in today's session. in case nifty trades below the 18380 level than possible downside rally up to 100-200 points.
Nifty will be flat opening in today's session. The expected opening above the 18380 level and the 18380 to 18430 level is the consolidation range and if nifty breaks the 18430 level this level then the possible upside go up to 18520+ in today's session. in case nifty trades below the 18380 level than possible downside rally up to 100-200 points.
Nifty will be gap down opening in today's session. Expected opening above 18070 level and 18070 to 18150 level is the consolidation range and if nifty break 18150 level this level then possible upside go up to 18300+ in today's session. in case nifty trade below 18070 level then possible downside rally up to 100-150 points.
Nifty will be gap up opening in today's session. After opening nifty sustain above 18350 level and then possible upside rally upto 18450+ in today's session. in case nifty trade below 18300 level then short target can go up to 18200 level.
Gap up opening in nifty. After opening if nifty sustain above 18100 level then expected upside rally upto 18180+ in today's session. For today's session downside 18000 will act as a strong support. Any major downside only expected below this level.
The global market indicates a positive start. market nature is bullish to neutral. market may open gap-up. there is going subwave 3rd continuation. once the 3rd finish then we will expect 4th minor consolidation to 5th rally continuation. on the other hand, if the opening market rejects sharply, then we will expect range bound market to correction.
The global market indicates a negative start. the market nature is bearish to neutral. market may open a little bit of gap-down, so we will expect correction continuation. On the other hand, if the market takes a pullback of around 38 to 50%, then we will expect the pullback to rally continue.
