Anoj_Satapathy

Anoj_Satapathy

If NIFTY trades above 9172, then it can go further UP with resistances ar 9267. 9386 and 9588 If NIFTY trades below 8994, then it can fall further DOWN with supports at 8887, 8762 and 8596

Anoj_Satapathy

NIFTY: As per Trend Analysis 12204 is the immediate Support Falling below 12130 is next support If trades high major resistance will be 12439 BANKNIFTY: As per Trend Analysis 32069 is the immediate Support-where we have closed Next ones are 31963 and 31760 If trades high major resistance will be 31964

Anoj_Satapathy Updated 

Nifty at this moment, at a situation of MAKE OR BREAK.. if IT CROSSES OVER 12240-250 ZONE . THERE IS HIGH PROBABILITY OF BREAKING 12300 AND EVEN FURTHER REACINH 12400 LEVELS BUT IF TRADES BELOW 12202 AND 12185 LEVELS, THERE IS HIGH PROBABILITY OF GOING DOWN TO 12150...12103....12050 LOOKING AT VOLUME AND PARTICIPATION IN LAST TWO SESSIONS, AND INDIA VIX <12...

Anoj_Satapathy Updated 

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Anoj_Satapathy

BASIS THE DOWNWARD CHANNEL FORMED: NEXT WEEK NIFTY: RESISTANCE : 12050 SUPPORT : 11866 NEAR RESISTANCE ONE SHOULD SELL. SHOULD BUY IF CROSSES AND TRADES ABOVE RESISTANCE NEAR SUPPORT LEVEL ONE SHOULD BUY , AND SHOULD SELL IF CROSSES AND TRADES BELOW SUPPORT BASIS THE DOWNWARD CHANNEL FORMED: NEXT WEEK BANKNIFTY : RESISTANCE : 32093 SUPPORT : 31010 NEAR...

Anoj_Satapathy

NIFTY in this triangular upward trending pattern formed is currently at lower trending line. To save itself from further breakdown it should trade above 11913 in next session on 09th December. If it trades below 11913 and trade yesterdays low of 11888, there is big chance to slip down to 11794 and further to 11694 level. Since we are already in the narrow zone...

Anoj_Satapathy

Basis the trend lines made, NIFTY is already in a breakout (triangle) zone. If it trade/closes above 12120-12150 levels above then no one know the upper limit. if it closes below 12000-11975 levels, there is high probability of falling to 11700 level and further below.