NIfty trapped in descending Triangle, trading on support of 18080 currently. Let's See in which direction it breaks. Market Sentiments say it will break Out .. supported by both moving averages. Figures Crossed
Weekly:
Nifty is continuing in the Higher High - Higher Low manner
Daily:
The Nifty has broken out of a 3month consolidation and can see 18750 levels initially and 20,000 eventually if all if well with the global economy
Hello mates sharing daily chart of NIFTY for that it seems that it is leaping (bouncing) form present support zones which presently I am mentioning as support zone earlier it was a resistance zone so we can say this is somehow an example of support and resistance (Demand & Supply zone) RSI indicator is started giving some reversals or retracement signs so we can...
Note: Always try to find a good #price action patterns or any #candle stick patterns in marked zones in smaller timeframe to take entry with small stop loss. Or can take entry based on one 5 min candle close below or above the zone with SL previous candles high or low (*try to avoid big candles).
(Color code for #Support & Resistance zones: Red - Sell, Green -...
The global market is indicating a positive start and the market's nature appears to be bullish. We may even see a gap-up at the start of trading. However, if the market subsequently rejects major key levels, we can expect a correction. On the other hand, if the initial rejection is only minor, that could be a sign of a rally continuation without breaking the previous low.
Nifty will be gap Up opening in today's session. After opening nifty sustain Above the 18060 level and then possible upside rally up to 18200 in today's session. in case nifty trades below the 18020 level then the downside target can go up to the 17900 level.
Expectations for Tomorrow: Volatile day
Intraday Levels:
Buy Above - 18050
Sell Below - 17900
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
nifty managed to break 17950 mark and close above 18000 on 15/2.. however going by OI data, the expiry is likely to be more in range 17900-18000. hence I am bearish on nifty today. unless nifty opens gapup or opens flat and move up sustains above 18078 on 15 min time frame, i dont see any CE position. if it sustains, then target can be up to 18120/18178/18200. in...
current trend:
1) It took a support exactly at 0.382 level of Fib
2) It took a support at long and short trend line
3)it effectively close above this candle(jan 27 )..for two days. Forming like Bullish engulfing candle.
4) currently Nifty breaks short term trend line and close at 0.236 level of fib
Indicator:
RSI:
If u observe past behavior Nifty, Once it...
Nifty looking bullish on chart,,,i have written everything on chart, this is proper conditional trade,,, risky trader can buy from these levels also right now it is trading at 17935, but better to wait for best level to enter,,this could be a little risky trader as global market looking bearish today,,but indian market looking bullish on chart. Well trade...
