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Nifty 50 Fro next two days (Gameplan)Nifty 50 Sustaing Inside the Hanging Man (Beraish Candlestick Pattern) No selling pressure. So we may see A Upside Rally From the support Of market Open gap up and We are targeting 22000 & 22200 Level in upcoming days. We also have RBI Policy so we may get movement.
Keep an eye .
Thank you ♥️
#Stockmarket #Nifty50 #CE #♥️
NIFTY 50 WEEKLY EXPIRY HOURLY GANN LEVELS CHART 01/02/2024Nifty 50 has completed a nearly 1000 points correction fromthe ATH of 22124.15 on 16 Jan 2024 opening hourly candle of 9 am on Trading view chart. Swing low was 21137.20 which was on the opening hourly candle. The low was nearly 166% of the major swing of fall from 2019 top to 2020 bottom. Above the 187.5% to 212.5% is the sideways zone which the market has done till date. Now we have an annual event of budget coming tomorrow at 11 am. We may see gap up on the index tomorrow as we have closed near to it. The next squaring level on index is 21953.20 which may be hit with gap up if it is strong. We need to cross this level for sustained recovery. On expiry day this level of 21953.20 could act as resistance. On downside if we break the level of 21607 we may see action on downside.So those who have carry forward longs may benefit.
N.B. Not an trading advice. With usual disclaimers as applicable within the reach of this beautiful trading and analysis platform.
Nifty 50 Support and Resistance Levels (30/01/2024) Nifty 50 Support and Resistance Levels (30/01/2024):
#### Support Levels:
1. **Support Level 1:** 21,600
2. **Support Level 2:** 21,700
3. **Support Level 3:** 21,500
- All these levels worked as support, indicating the potential for buying interest in these areas.
#### Resistance Levels:
1. **Resistance Level (as of now):** 21,900
- 21,900 is a significant resistance level. A breakout above this level might signal the potential for an upside movement.
### Technical Analysis Insights:
- **Support Zones:** 21,600, 21,700, and 21,500 are crucial levels where buying interest emerged, leading to a reversal or temporary halt in the downward movement.
- **Resistance Zone:** 21,900 is a key level where selling pressure might intensify, limiting immediate upward movements.
- **Breakout Caution:** Wait for a breakout above 21,900 for a potential upside move.
- **Trade Strategy:** Consider creating a position on the upside after a confirmed breakout above 21,900.
NIFTY 50 ASTRO CYCLE ASPECT POINTS INTRADAY 29/12/2023.....Nifty 50 astro cycle start and culmination points marked on chart.Cycle Aspect Start Time Price Level 21719.20 on date 29/12/2023 at 11:19 AM.Cycle aspect culmination time price 21725.40 on date 29/12/2023 Date 29/12/2023 at 11:19 am. These are the vibration points on the index as per cycle which I am observing. We got a decent fall below it on price action.
Happy Trading !!!
DATE 29/12/2023 11:19