Sustaining 11480 - 11510 will make the price to move towards 11560, 11620, 11660, 11720 and 11780. Bearish below 11460 for the targets 11420, 11360, 11320, 11280 and 11240.
Nifty looks pretty weak for tomorrow with breaking of critical supports.
Scenario 1
If Nifty gaps down, wait for pull back to short (levels given on chart, will update real time as well)
Scenario 2
If Nifty opens flat, above conditions holds true
Scenario 3
If Nifty Gap ups, we need to look for long opportunities from the support lines given in chart. Happy Trading
We have identified some technical reasons of recent fall in Indian share market in Fab-Mar 2020.
After that we saw a sharp upside rally but in middle of Sep we are finding some major technical reasons which can move the market further downside.
Nifty Futures Analysis-
nifty can either try to break channel resistance or will fall to test support at 11343.... nifty channel resistance 11794.... as per DTF
as per HTF, nifty resistance is 11598 and support is 11460...
OI Analysis-
11400-11450 as high put writers which can act as support... and 11600-11650 has more call writers which can act as...
Nifty Analysis..
Current support is at 11498... if close below then the next support range will be 11464-1144
on an upside, there is resistance at 11556-11600...
OI Analysis-
11400-11450-11500 has more put writing and it can act as support areas...whereas there is call writing in strike 11550-11600-11650 which can act as resistance zones...
Charts of SGX Nifty has already reset the bullish enthusiasm, one would feel ahead of the expiry. However, looking at the way the setup is emerging I feel that we are looking at some nice cluster here around 11525 that will attempt to support the bullish bias. #trading #volatile
Recent highs around 11540 combined with Pivot levels and 50% Fib Retr support of the...
#Nifty has given an inverted head and shoulders breakout above 11567. Possible futures target is 11903. SL = 11395 on hourly closing basis. Good to go with protected bullish spreads.
Good to buy in range of 11485-11520 as long as 11460 is not taken out decisively. The targets are marked by red lines on the chart while green lines are for support.
System showing a positive momentum build up on Nifty. Today's Fed meeting can tilt market either way, so maintain strict SLs
reversing the position makes sense at 11450-460 levels. The levels will...
