Dear All,
As we had mentioned in our Yesterday's Morning Mantra that Nifty is now ready to taste the level of 16800 , the same was accepted by the market itself.
As even after a beautiful gap up opening and a high of 17211.35 , Nifty had once again failed to sustain the level of 17180 .
Well as of now, we will have to keep patience and watch for ...
Banknifty Support and Resistance Updated on One Hour Chart Analysis
Support Zones
Frist Support Level For For Long Banknifty - 38755 - 38810
Second Support Level For Long Banknifty - 38300 - 38330
Third Support Level For Long Banknifty - 37940 - 37970
Resistance Zones
First Resistance Level...
Buy above 39520 with the stop loss of 39440 for the targets 39600, 39680, 39800 and 39880. Sell below 39380 with the stop loss of 39440 for the targets 39300, 39220, 39140 and 39060.
Below is one hr chart. What pattern you are seeing in it?
Today as we have seen Gap up opening of around 400 points around 39900 in bank nifty and then from there we are seeing a decline upto 39700. There is an resistance range between 39875 - 40000 and a strong support zone is in between 39750 - 39550
SCENARIO 1
If we see a breakout above 39875 or today's high we must NOT hurry and by we should wait till it crosses...
Gold mcx forming pole and flag pattern in hourly chart, once break successfully can touch 57900-57950.
disc- Do proper study before make any invest/trade or consult with your financial advisor. This view/analysis is only for educational purposes, not a recommendation.
all global indices have ended in the positive, indicating a bullish sentiment in the market. This has led to a positive opening for the Nifty is likely to have a gap up opening of around 100 to 120 points.
If the Nifty sustains the 17150 level, it is likely to move up to the next resistance level, which is 17260. A resistance level is a level in the market where...
Fin Nifty tomorrow:
Similar to Banknifty, Finnifty is also making flag pattern,
Tomorrow - BEARISH with negative sentiment but small correction is expected after a fall, so we can expect small Gap up / Flat open around 17578, if sustains above 17578 we can expect 17700 as first target.
17700 Supply zone will act as strong resistance where we can look for SELL...
Bank Nifty tomorrow:
Tomorrow - Still BEARISH with negative sentiment but small correction is expected after a fall, so we can expect small Gap up / Flat open around 39600, if sustains above 39500 we can expect 39761 as first target.
We have channel resistance around 39760 if any rejection we can initiate SELL entry at 39760 /40000 levels. Look to take only SELL...
Nifty tomorrow:
Almost Nifty compromised 17K today, and there was a sell pressure around 17K. However managed to close above 17K at closing.
Tomorrow - Still BEARISH with negative sentiment but small correction is expected after a fall, so we can expect small Gap up / Flat open around 17080, if sustains above 17085 we can expect 17174 as first target. If closes...
NSE:NIFTY
These Green and red colour boxes are buying and selling zones. Price may take reversal from either of these zones. If price opens flat it can take support from green zones and if it break either of these zones price can continue in same direction.
Dear All,
Just like we had stated in the yesterday’s Morning Mantra update , that Nifty can create some panic around the level of 17300 and that it can take a support at around 17180 , which will work as a speed breaker in between the levels of 17300 and 16800 level. Similarly , we did witness almost the approximate figure of 17154 , which is very near...
