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Niftyweekly

Nifty: Supply and Demand Zones for the Next week1st 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 then, I may take a short position in 11000 put. 11050 to 11300 is a Sideways Zone but I will not preferer to take positional short trade because still there is no damage in short term bullish structure. Thank x Have a gr8 Weekend :)
NSE:NIFTY
by Swapilchoksi
1
Nifty: Will Wait for the Price Action ConformationHello, 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 above 11200 then there is a very high chance to see more upside. Importance of 11050 level : In intraday if Nifty will sustain below 11050 and close below this level then there is a very high chance to see more downside. I will wait for the price action conformation before I will take any side if trade. I will update further levels in this post after the price action conformation. Thank You :) Gr8 Weekend
NSE:NIFTY
by Swapilchoksi
4
Nifty: Weekly Analysis: "Bhav Bhagwan Che"Hello, Nifty is ready for the big move in this week and the maximum possibility is that this move will be on the downside. On the upside, it's difficult to trade above 12200-12300 zone. I will change my view once it will trade above 12300 in this coming week. I will watch 11700 and11600 zone, in any correction nifty will take support from 11700 or 11600 levels. If it will break 11600 then another 100 points downside will open. In short below 12200 Nifty will be sell on rise for me. and my final targets are 11950-11900-11850-11800-11700. Trade Well
NSE:NIFTYEducation
by Swapilchoksi
Nifty Weekly UpdateLets Quickly Check Weekly Chart, So this week nifty closed on negative note ( -70 points). Weekly opening was quite and Nifty also tried to fill the gap created in Feb18, however it did not closed above it on weekly basis. As i have mentioned in my previous post , that Nifty has this Gap on its weekly chart from where it has seen quite a fall, and for any upcoming rally, as and when prices approaches these levels, it would not be easy for index to cross these level at first instance and index may face resistance there. As Expected Nifty did faced Resistance there and formed a bearish candle closing near its low. This Candle has long Upper shadow, indication supply pressure or profit booking. One More thing to observe is that this Gap Area Coincides with Fibonacci major Resistance Ratio ( .618 ) @ 10705.64. Let see what Nifty prices action will unfold in the coming week. From current scenario, we can expect that index might consolidate near these level , hence near support and resistance should be kept in mind and price action should be watched carefully. Weekly Support stands @ 10560-10550 levels. Weekly Resistance @ 10700-10740 and @10900 levels.
NSE:NIFTY
by manuagarwal21