Nifty is still in Lower High Lower Low Formation on 1D Time Frame. 18200 is the Change in Polarity Area. Currently nifty is in tight range of 300 points.
The index is trading within a wider range of 3400 points.
Breaking and closing above 18250 will trigger breakout with the potential up side target of 18600.
Breaking above 18600 will activate further levels.
On this flip side 17300 has important support to support up trend.
Breaking below the support will trigger panic selling till 16400 followed by 15200.
WEEKLY OUTLOOK ON NIFTY
If nifty crosses above 16800 and sutaining, we can see 16990, 17100, 17320, 17480
16650 below we can expect gap filling at 16360..
In case of breaching 16300(strong demand zone), we can see 16070 which would act as strong support
Range for this week 16100 - 17320
Nifty next week S/R important levels according to Gann Square where Nifty can take support or face resistance these are very important levels we have observed from previous many years of analysis market stop and revers most of the time at or near these levels.
these are the dynamic levels which changes on the basis of weekly closing
Note :- The Zone Areas of...
Falcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 20 – June 24 )
Last Weekly Nifty witness selling pressure below 16057 , while the pivot for the week @ 16327 was not breached on upside.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 15185 levels,
whereas minor resistance on the upside...
Nifty has been seen trading in a range of 16800 - 17600, it once broke the demand zone of 16800 and came till 16400 but only for a day and needed a huge gap down of 130 points to do so, so I'll consider 16800 to be a good support and I believe nifty will be coming to the same zone again if it doesn't close above 17600 from where it can go to 18000 levels.
So...
Weekly Range for Nifty is marked on the Charts.
Credit Spread Strategy can be deployed accordingly.
Disclaimer: All charts are for educational purpose. Please comsult your financial advisor before investing.
#nifty50 is at very crucial level of 14950, if this level breaks we may see a little support at 14828-800.
if #nifty50 breaks and sustain below 14800, next target may come at 14650 or below.
NIfty is trading @11378
Trend is still sideways to positive.
Please find the levels on the chart for next week
On downside there is a support @11230
(11085-11125) / (10950-10980) are the demand zone
On upside there is a resistance @11495
(11615-11695) is the supply zone
As I have mentioned in my pervious Nifty Post, Still Nifty is trading in the wide sideways zone. Sideways zone is most difficult to trade because it gives both side moves.
Strong Demand Zone @ 10800-10880.
Strong Supply Zone @ 11400
11250 to 11400 is a Sideways to Positive trade zone.
11050 to 11250 is a Negative Trade zone.
below 11050 is a Strong Negative...
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...
Nifty is trading @11214.
- There is a supply zone above this level @(11252-11290) if it manages to sustains this level then go for the target near 11380 level.
- If it fails to sustain the level of 11200 then go short for the target near 11115.
- If nifty didn't sustain 11100 level then go short for the targets of near about 11030 level as there is a demand zone...
Last week Nifty consolidated between (11000-11300) range.
It is expected to remain in the consolidation phase this week.
Levels are mentioned on the chart.
On up side 10400 will act as a resistance and if it sustains then might give move upwards to (10540-10600)
On down side 11000 will act as a support.
(10855-10900) & (10680-10745) are the key levels
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 trading @10930.
Probably nifty will open gap up or flat on monday.
Major key levels are mentioned on the charts.
Next supply zone will be (11078-11167) with the resistance @10985
On downside there is key Demand zone @(10228-10390) with the support @10550
