strong support and resistance marked, 17350 or 17150 are the support areas, and resistance placed at 17700 or 17985
17230/40 level is LAXMAN REKHA once it broken then directly we can see 17000 level,,, now resistance placed at 17580 nifty (spot) level
Analysis see what is going on since oct, nifty falling in narrow range, and the pattern looks like a bullish Flag pattern, but it will be valid after breakout it,, this is 2hours time frame, long term/short term holders don't panic just accumulating your positions in every deep again we expecting 16900/800 level to be watch it's not for intraday analysis
we have already said nifty compeletly sell on raise, and no wcan see the chart for up side move there are many hurdle for buyers, but if we see sort side directly 16700 level is on radar, or another down level also can see on the chart
Banknifty strong support at 38350/400 area, and yesterday it touched 38360 level also, but is far from the support, if nifty sustain up then 17950/70 area can face as a resistance. (looks like market may be in range today because of banknifty or nifty.
]Till now nifty following the trend line as a good support, and 17600 area is good support.. we are expecting a bounce from here...
yesterday in first half was fully sideways and second we saw a bulls rally,, but below 18100 nifty is bearish we may be seen a down move today, or if nifty sustain above 18100 then this rally may be continue,
as we discussed below 18300 level, nifty is bearish, till now the same level is intact, for up side,, now the pattern can see on the chart, 18000/50 level is demand zone and 18300 is the resistance,
Look at the rally of 300 points from 18000 level, we have already told you about this level, now 18300 level is a resistance for further up side move, if this level sustain then 18500/18600 level may be seen easily.
Good Morning Everyone yesterday we have clearly mentioned the NIFTY range and also it done perfectly.. now the same range is important (18000 to 18200 ) for one side either up or down but till now nifty following the trend line high probably it may be try for new high. stay tune here,
looks like titan can give a bounce from the current price, it's supporting the previous trend line
looks bullish we can long it with this R:R, can see on the chart
we can long sbicard for positional 10/15 day s target we can see on the chart 100+ points our target with risk of 20 points
expecting a good entry at the current price and we can see a strong bounce from here, we can keep this as a prositional aslo
its making narrow, and also near support may be seen upper level as we have draw on the chart, once it has to cross the narrow range for entry
balkrishna is near the support area, expecting a pull back with good volume, and with little confermation we can go with long
looking we can see a bounce from here, because if we draw the littile trend line then you will find something