there is bullish secnario in the market n at 17200 & 17150 a considerable amount of short built up is seen today so these levels act as a good support. plz do your analysis n comment.
Understanding trades of nifty future for 28.12.2021 (Wednesday).
Important Levels for 29-12-2021. The index traded inside a small range after opening with a gap up and did see the entire range for today almost being covered in the last 45 minutes making it quite possible to see a good move on the upside tomorrow. If we open flat or with a small gap down, 17170-17200 to be a nice support zone and we can place our long entries...
Sentiment Analysis 1. Today FII selling was lowest 2. Market was holding the gap up for two days 3. Most of the call buildup are shifted from 1700 to 17200 From the Price action....if the first 5 min candle is green tomorrow market will be bullish till 17200 Further price action after 1.30 pm at 17200 will suggest the expiry if FII will come and start...
Using the demand and supply zones for entry and exit.
Understanding trades of nifty future for 28.12.2021 (Tuesday)
Important Levels for 28-12-2021. We did witness a nice trending day today and a close almost at day's high. Tomorrow if we see a flat opening and prices sustaining above 17120, we can take longs in a small quantity with SL at 17100 and then add on quantity once we trade above 17150 and aim for targets of 17190,17220 and 17260. To be on the safe side, a less risky...
tomorrow nifty if stay above this area go high 17187 chance to touch. next level.
NIFTY Futures Major Support and Resistance Zone for this week.
Sustaining 17020 - 17060 will make the price to move towards 17110, 17160, 17220, 17260 and 17300. Bearish below 16980 for the targets 16940, 16900, 16860, 16820, 16760 and 16720.
Using the marked supply and demand zones to find good RR trades and using them for profit booking as well
Same as Banknifty, nifty also forms a HNS pattern on 30 mins time frame, so we may expect a downfall to 16800 and further levels.
After 2 Lower highs and No-Overlap Option 1: Downside, Retest 16730 after crossing 16942.05 / 16850 Option 2: Upside 17737.05 / 17800 Close above 17023.50 and higher and move upwards 17515 with breaks at 17276.25 / 17449.95