Nifty on hourly timeframe is showing a bullish divergence with support placed at avwap level from June. Fresh shorts here are looking risky and even if it has to fall further to test the budget day low, I expect a bounce upto 20dema on daily time frame, which will act as strong resistance.
Trade cautiously. Happy trading
From the chart, we could say that the Nifty 50 has broken out from the channel and should also break out from the earlier resistance level.
For confluence I have used the earlier channel.
It should break above the previous local resistance otherwise we would be testing the last support area very soon.
This is nifty on 4hr time frame here i marked a support zone along with a trendline , if nifty will not be able to hold these level (17800-17750)
than we may see a fall toward the level of 17500 so view is Bearish here make your trading plan accordingly
As FII & DII sold today
New support level = 17800-17750
New Resistance level = 17250-18200
1. If market open gap up near resistance area (18160 to 18180 ) watch for reversal and if price consolidate near resistance and gives breakout go for the target of 18257 and 18313
2. Best Condition is if market opens flat ( 18132 to 18080 ) after consolidating for 5 min market goes in whichever direction sit in the trade breakout targets are 18165, 18204 , 18257
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Intraday #Nifty levels for 29-Dec-2022
Blue line - indicates Daily Range
Yellow line - indicates Weely Range
Red dotted lines - Resistance
Green dotted lines - Support
Wait for First 15 mins candles to close. If Nifty(spot) is moving above First 15 mins and above 21 EMA High ( Green moving average line), then look for long, else look for short opportunity if...
Nifty50 is very very weak today, rise on sell would be the strategy for today. Every rise will be the opportunity with proper risk and money management.
nifty 50 reanalysis for for everyone but ( option trader optional yourself maximum resistance zone and maximum support near area ( that's means SND)
re analysis for simply trade mind setup.
nifty 50 but day up down totally calculated 400 points.,
you must be taken nifty 50 stock list 3 points taken profit ,(i know easily taken).
take entry accurate...
BNF is stuck n a range and has a gap pending below. recent market sentiments are negative to which the market may react and we might get target till 37000.
Trend Deciding Level for Nifty 17373-17393 If Sustain above it then We can see a good move
toward 17450 -17500. Else it can take reject from this level all way to down side we can see 17250 and next 17150
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Nifty forming ascending triangle pattern.. possible breakout can be upside for this 1st week of july. one can go long if strong volume is identified at breakout point.
view is simple and straight forward.
