If you trade using moving averages, MA, or EMA, you may want to look at the 4hr chart of SGX Nifty. It already broke down the 200EMA. The price may try to recover this level ~15700. If it fails, we are probably going to slide to lower levels. The price is now trading below July month open, which puts the net longs above 15746 in the loss. This means that there...
We saw a running correction yesterday. The points to note is thta Nifty took support at 50 DEMA and closed above it in 4 hour charts. There is a reversal in MACD and RSI in the 15m charts as well. My suggestion is buy for target of 16000 and 16150.
Dear Trader this is Nifty Eliott Wave analysis. I tried my best to make it accurate as much as possible. You can also check my earlier Eliott wave analysis for Nifty which is almost correct & now I am happy to publish another alaysis. Trade and Enjoy
Nifty has just reclaimed its support, 20-July trading day will be crucial. Nifty is still in uptrend but with pressure from some sectors. If on 20-July Nifty still doesn't breach its support of 15700 then nifty will remain in uptrend until its R1 - 15913 and R2 - 16138 If in case Nifty Breach its support of 15700 then Nifty can be dragged upto S1- 15639 and S2 -...
The markets had a weak start and the selling accentuated in the second half of the trading session. 39 of the Nifty50 stocks closed in red, indicating broad-based selling. Amongst the Nifty sectoral indices, Financial services (-1.9%) and Bank (-1.8%) were top losers whereas Realty (+0.4%) and Pharma (+0.2%) managed to stay afloat. Asian Markets and European...
IS IT LOOK FOR MULTIPLE TOP FORMATION The same would get confirmed on violation of support. A rectangle if breakout is seen for continuation pattern. The momentary bias is to put pressure on support and rising trend line.
After gap down opening, NIFTY made a failed attempt to recover and went further down after 3hrs into trading. The fall was prevented by existing support zone. Being area of confluence, the immense selling pressure was thwarted and NIFTY held 15700 levels. Immediate support zone: 15700-15660 Immediate resistance zone: 15825-15850 While FII sold -2198.71, DII...
Looking bearish. Don't go long as longs as below all time high.
understanding trades of nifty future for 20.07.2021 (Tuesday).
Nifty View: Yet another failure to hold onto a new life high as the benchmark Nifty index slips over 170 points in today’s session to post a close at 15,761. The “Bulls” should worry a bit now as the breakout move which we noticed last Thursday has now turned into a failure. We were focusing on the importance of 15,777 and in today’s session, we have got a clear...
Intraday Nifty Gann Support and Resistance Levels FOR 19/7/2021 are: Nifty R1:15954 R2:16038 R3:16102 R4:16165 S1:15891 S2:15828 S3:15765 S4:15702 Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any...
There is a global sell-off. All the markets are down, be it SPX, FTSE, DAX, etc. SGX Nifty is also tanking heavily. SGX Nifty may reverse or at least show some bounce from this Green box or from the next support level. The RSI is in oversold territory and there is a divergence on 4hr. I think this is a shakeout move before moving back up. Take positions...
Bullish if the price sustains 15980 - 16020 for the targets 16060, 16100, 16140, 16180 and 16220. Bearish below 15920 for the targets 15860, 15800, 15760, 15720 and 15660.
For a long time Nifty 50 is consolidating between 15750/15800 level to 15950, coming week may be seen major breakout or breakdown on either side around 100-150 points...so be cautious...
All supports are not for buy level. As like all resistance are not for sell levels After long research and back testing we find which S&R is for sell level & which S&R is buy level. In that result we give the pure intraday levels in charts. BLUE LINE ARE BUY LEVELS (Target lines) ORANGE LINES ARE SELL LEVELS(Target lines) Additionally we added guiding line for...