GajanRathod

GajanRathod

The level between 17190 to 17240 will act as an intraday resistance while 17020 will act as an intraday support. NIFTY has to break the 1H TRENDLINE in order to be BULLISH. The levels below i.e. 16900 & 16800 are the major levels for NIFTY to sustain. INTRADAY TRADES SHOULD BE TAKEN IN 5 MIN & 15 MIN TF ONLY.

GajanRathod

16800 is acting as a support. On the upside, 4H TRENDLINE is acting as a resistance with 17400 & 17100. All these levels will be important for tomorrow's market.

GajanRathod

Bank Nifty is always respecting the DAILY TRENDLINE. Not a single day it has given a closing below the trendline which indicates an upward trend slowly & steadily. On the upside, it is respecting the 1H TRENDLINE which is acting as a dynamic resistance. So, 38100 will act as a key resistance. The area between 37600 & 37675 will act as an intraday resistance. One...

GajanRathod

17400 will act as a strong resistance while 17050 will act as a strong support. If the index breaks the 4H dynamic resistance trend line , then only a sure shot upward move is expected. Between these range, keep your position size to minimum.

GajanRathod

38500 is acting as a strong resistance for tomorrow. On the other hand 37250 is acting as a support with a trend line acting as a daily dynamic support. If the index breaks this level in daily charts , then a fall is expected. On the safe side buy CE after it breaks 38400 and buy PE when the index falls below 37200. Between this range, keep your positions size to...

GajanRathod

For tomorrow, Bank Nifty has to break 37900 levels to resume its trend till 38400. On the downside, 37100 will act a crucial support if it breaks this level then 36500 can be seen. As of today, the trend is still bearish.

GajanRathod

Market was in a tight range today. On the up side 17480 will act as a resistance because there is a 200 Ema in 1H tf. There is a support around 17250, which has a formed a rough head and shoulders pattern. If the neckline is broken a downfall can be seen till 17100. On the up side if 17480 is broken, then an upside is expected. Between these a short strangle or a...

GajanRathod

This is the multi time frame analysis of NIFTY 50 chart. All the levels are key levels for upcoming day(s).

GajanRathod

Tomorrow if bank nifty falls below intraday support a put can be initiated or a call can be sold