EURCHFLooking very interesting. How I see is after longer period of price consolidating it has finally dropped and that showed us that sellers are willing to step into the market. The only thing I do not like is a pullback into the sell zone so we have to look at the smaller timeframes for confirming our bias. As you know for me that is 15min. Maybe tomorrow in the London session we can se a real movement as now it is to late to enter the position - spreads can get very high in later ours due to lack of volume present, brokers, etc... But a very valid set up. If you look at the volume you will also see how much of a bearish volume is present. Let's see what will happen. Trade well,
T
Tradign
DCB BANK PRICE ACTION ANALYSISNSE:DCBBANK
WEEKLY DEMAND ZONE
This demand zone is good. But the price is reacting to the monthly supply zone and is coming down. So we will think of trading in this zone when some candles are formed, right now we should wait for the monthly demand zone below.
MONTHLY DEMAND ZONE
The monthly demand zone has broken a long consolidation, but the daily chart has some garbage candles. If the market is in an uptrend, you can trade. This zone will be good for taking the price to an all-time high.
Market Analysis for Nifty 50 22Sept23Market Analysis for Nifty 50 for Tomorrow, September 22, 2023
Market Outlook
Nifty 50 has fallen less than Bank Nifty over the past few days, and is likely to be less bearish tomorrow. However, the market is still in a downtrend, and traders should be cautious.
Key Support and Resistance Levels
Support: 19700, 19638, 19600
Resistance: 19750, 19800
OI Data
The OI data for the market shows support at 19700 and resistance at 19750 and 19800.
Trading Strategy
Watch the price action tomorrow to see if Nifty 50 can trade above 19750. If it can, then a bullish move to 19800 is possible. However, if Nifty 50 breaks 19700, then traders should expect further downside movement to 19638 and below.
Disclaimer
This is just a professional stock market analysis for Nifty 50 for tomorrow, September 22, 2023. It is not financial advice, and traders should always do their own research before making any investment decisions.
Additional Notes
Nifty 50 has been facing rejection at the 19750 level for the past few days.
If Nifty 50 can break above 19750 tomorrow, it will be a bullish signal.
However, if Nifty 50 breaks below 19700 tomorrow, it will be a bearish signal.
Traders should be cautious and use proper risk management techniques while trading Nifty 50 tomorrow.