Nifty Weekly Analysis and Intraday Level for 13th Mar
Nifty is still BEARISH, it is likely to trade between 17200 - 17700 this week (13th to 17th Mar). Currently at strong support level 17400 If sustains above 17483/17512 we can expect 17700 will be tested. Any close below 17343 will leads to 17200.
My view is 17200 is the reversal point for uptrend to test 17700.
Nifty closed on Friday with Positive note, but still the Major trend what I see is BEARISH. We have narrow Weekly CPR in Nifty.
Expectation : BEARISH / Negative Sentiment - Next week is going to be trending week, We have wide Resistance zone at 18080 - 18000 where we can expect reversal towards Down side. On the Downside 17765 is the support zone if that is...
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...
The above chart highlights the harmonic ABCD pattern for Nifty 50 index on the weekly time frame.
The index has formed AB and BC waves of the ABCD pattern . The price has broken out of B (18096). As per harmonic pattern theory, a breakout above B indicates the price is heading towards the target of D (19900).
If we put the AB and CD waves of the ABCD pattern of...
Nifty Intraday levels for Tomorrow..
Expectation : Big Gap Up Open is expected above 18200, Market sentiment is strongly Bullish for next week
Nifty likely to Open with Big Gap Up, If any pull back to previous day high / 18180 Resistance zone we can look for long entry.
Any breakout above 18185 we can expect 18300 as the Target for Long entry. We may expect...
Nifty Weekly View..
Global markets are positive and SGX indicates 200 Points up. This week we can expect Rangebound / Sideways market between 17750 - 18100
Nifty Likely to test 18000 - 18100 next week and 18100 is going to be very strong resistance. Incase 18100 is taken out we can expect 18500 as next target.
On the Down side 17760 is going to be strong...
Buy Above 17626.35
Buy Targets 17711.02 17795.22 17863.28 17931.34 18028.23 18087.06 18287.77 18508.10
Sell Below 17523.45
Sell targets 17438.78 17354.58 17286.52 17218.46 17121.57 17062.74 16862.03 16641.70
use these levels for Intraday Trades as well . See a Support or Resistance to these levels to BUY or SELL
We may not see much momentum...
Nifty 16000 in October?
Nifty is forming Flag Pattern, any exit of channel lower line we have strong support around 16800 only. Incase if this is compromised and closes below 16800 we can expect further down fall and probably 16000 will be tested in couple of weeks time.
We have Daily Time frame - 100 SMA and 200 EMA Support at this level 16800. If this holds we...
Nifty Weekly Analysis,
Global cues are negative and SGX indicates Big Gap down more than 100 Points in Nifty on Monday.
Nifty likely to Open at 17200 or below, 17161 is going to be the Strong Support level. If any Strong Buying momentum seen on the opening we can expect BULL run in Nifty. If any weakness 17161 line breaks Nifty might test 17000 and more fall...
Nifty Weekly Analysis for 27 JUN - 01 JUL 2022
Nifty is bullishly aligned for the week.
First day of the week, we are expecting a gap up opening in Nifty around R1 resistance level (15900).
Buying Opportunity :
In case if R1 is taken on the upside and sustains we can expect Nifty test out Bullish Breakout zone and also possible Target 1 & Target 2 for the week....
On the weekly time frame, Nifty has broken the yellow support line and went below 17000 today, however, we got closing above 17000.
In our previous analysis, we gave a Target of 16600 on the downside but Nifty looks weaker on Weekly Time-frame and is expected to test 16000-15950 levels in a few weeks.
To motivate me, Please like the idea If you agree with the...
Hi All,
Nifty setup for next week is quite interesting. Nifty is at critical juncture or say make or break level.
Nifty is trying to give breakout on weekly as well as monthly chart however failing to close above the desired level.
Important points to consider next week:
- Nifty break 15901 level convincingly with good volume for strength breakout
- Nifty...
1st Bullish Sign if Nifty will give daily close or sustain above 11200. In this case Nifty may test its next Major Supply Zone @ 11300. and in any case If it will manage to sustain above 11300 then it my test its next Supply Zones @ 11350-11450.
There are multiple Demand Zones between 11050 to 11200. In any case if it will give daily close or sustain below 11200...
Hello,
Right now Nifty is trading in the no trade zone.
There are two important level for the Nifty: 1st: 11200 and 2nd: 11050
Importance of 11200 level : In intraday if Nifty will trade above 11200 but not above to trade or sustain above 11250 then I will consider this as a fake upside move but in intraday if Nifty will sustain above 11250 and give close...
Nifty trading @11194.15
Please find the levels on the chart.
On upper side zones,
(11247-11262) & (11357-11387)
On down side zones,
(11039-11078) & (10849-10896)
NIFTY close @ 9250. On the upside, there is a major supply zone near the 10000 levels.
And on the downside, there is a major demand zone for this week near the 8800-9000 zone.
Below 8800 next demand zone @ near 8500.
