Nifty50 index support & resistance as of 13-04-2022.
Fresh long positions will be initiated only on breaking (tick/trading above) 18553.5 levels. Till then 18553.5 is a strong resistance for Nifty50 Index. Analysis is only for educational purpose and strictly not a trade recommendation.
Nifty is heavily bearish, for a decent and sustainable bullish move maximum volume must come above 17633.90 levels. Otherwise the current chart condition is favorable for bears.
Nifty February future contract historical & volatility weighted maximum trading range is by 18100-16600.
Crude Oil may be facing major supply in the zone 6913 - 6795.
As per the analysis of the November series expiry of Nifty futures. Level 17588 is a strong resistance for NIFTY Index. Fresh buying on closing above 17588(DCB) with 17588 as stop loss for long positions.
On expiration of 30th September contracts of nifty futures and as per the analysis of data points, 17853 is a strong resistance. View negated on closing above 17853(EOD). This is not an investment advice analysis is just for educational purpose only.
As long as Nifty future is holding above 17863 on daily closing/settlement basis. One can hold long positions in far month call options/futures(Jan 2022 expiry). Heavy long winding expected on closing below 17863(DCB). Note. This is just my personal view and not to be considered as a trade recommendation. Kindly do your own analysis before entering any trade.
As you can see in the chart bitcoin is in the intraday support zone, traders are silently accumulating BTC.
As per 28-10-21 expiry 18067 is a strong resistance for further up move. Fresh buying only closing above 18067.
Today Sell Signal generated at MCX Crude Oil in the range 6360-6380. Long position holders check your positions.
Can Buy in the levels 900-928, stop loss as per your risk profile/RMS Policy. Targets 975-1024. Less risky traders can buy March 960 CE.
17538 is the possible reversal zone for Nifty zone.
BtcUsd looks bullish for today. Buy SL 48913, Target 49300, Entry below 48400
Buy Crude Oil Sep Future below 4970, T1 - 5106, T2 - 5280. SL as per your risk profile.
Short above 1520, Target 1 - 1487, Target 2 - 1450, Target 3 - 1430. Bank Nifty is Still Bullish, so it a risky position. (Note. This is not a trade recommendation, just for educational purpose only)
Short Crude Oil at/above 5357, Stop loss 5437 and targets are as follows, T1-5295, T2-5262, T3-5164, T4-5077
68% Probability zone for Apple Monthly option expiry.