Nifty has been in a free fall from last 3 days but it has paused and signeled some signs of reversal after a volatile range bound session.
It has a good support of 17420 and at the same level 2 more confluences are present.
1. bear channel support line ( marked in green colour)
2.Daily TF Support trendline support.
for nifty to move more down it need...
* NIFTY INDEX : RESISTANCE AT 17550 - STRONG SUPPORT AT 17000.
> After two day rally, Nifty may go for consolidation mode. Banking Sector rally may continue, that will make nifty to break 17600.
> Global Market seems to be in consolidation Mode or Profit Booking after huge rally for past 2...
Nifty will be gap up opening in today's session. After opening nifty sustain above 17060 level and then possible upside rally upto 17200+ in today's session. in case nifty trade below 17000 level then short target can go up to 16850 - level.
• Support & Resistance zones for 16th Sep .
• The Nifty50 has made an attempt for the third straight session to surpass 18,100 but failed. Hence, 18,000-18,100 is expected to be a crucial area to watch going ahead and if the index decisively surpasses the same then a march towards record high levels is highly likely, with crucial supports at 17,700 & 17,500...
19 date this year has been soo important as we can see the highs lows or the reversal have occurred on these dates...
its a complete W.D.gann's analysis
the dates on chart i mentioned will play an iconic role in nifty
Today's will be gap down opening in Nifty . After opening if nifty sustain below 17450 level then possible downside rally 100-200 points. in case nifty trade above 17550 level it can go upto 17720 level.
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Falcon Analytics Outlook Nifty 50 for the Expiry week ( May 23 – May27 )
As Discussed in Last Weekly Analysis Nifty sold off from major resistance @ 16387 while the major support for the week @ 15560 was not breached.
Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15726 levels,
I am very bullish on Hindcopper because when market is falling hindalco still bullish and according to my analisys you can see bullishness in it.
it is creating a double bottom and loaded it self to fire .
comment bellow if you need else knowledge.
This is mine own research do yours as well
My research and opinions should not be consider as an...
A Gapdown and Recovery, Now 17800 is Crucial resistance for Next Up move and on the downside 17700 is immediate Support followed by 17500 strong Support is support in between No Trade. :)
NIFTY PCR (1.03) (Let the Open Interest Data to build)
Global sentiment is also important.
🔴PLAN A :
Price needs to break out
from the pattern and should
close above 2585 to buy
🔴PLAN B :
Wait for the price to come
down to the demand zone
and place a buy order to go long
🔴 DISCLAIMER : This is just for educational purpose. Do your own analysis.🔴