Nifty Futures Finally Nifty start closing above 17500 levels. A major trend line from top may act as a level of resistance. The point we are concerned about is the lack of a significant retracement. Near term target May be 18100, with support around 17200-17000 and major support will be around 16750.
NIFTY MEDIUM TERM SYMMETRICAL TRIANGLE. Watch for breakout and close. If break above 16000 levels resistance will be around recent swing high. AND If breakdown levels of support will be 15600-15370-15181 and in worst case scenario we may see 14690.
Nifty Futures Analysis, Nifty at crucial level. The Nifty is likely to retrace and rise further, if it breaks the resistance line and stays above 17500, we may see new highs in the short to medium term. On the downside, major support should be around 17000-16500. Current scenerios, news is always going to have a major impact.
BankNifty Futures has formed Cup & Handle Pattern usually this is Bullish Pattern If breakout and sustain above 34800, we may see levels of 35400-35800.
Nifty Weekly Chart, Double top formation Ukraine / Russia tension Nifty Support around 15900-15500-15080 Resistance around 16500-16850-17300
Nifty Medium Term View > Technically it is more likely to give breakout on upside. > Omicron threat may drag it down and make it worse. If it gives breakout on upside and sustain, resistance will be 17650-18200-18600. On the downside support will be around 16400-15930-15460.
NIFTY DOWNTREND CHANNEL, Channel Breakout may give new direction.
Nifty 3 Bullish Move A Double Bottom, Short Term Trendline Break and Resistance Level Break. Current trend is uptrend, it may retrace and continue to Resistance level 17600. On the downside support is around 17000. RSI level is bullish.
Nifty and BankNifty kind of Similar Chart. Fibonacci 0.5 level retraced. Resistance around 37475-37800 Support around 37000-36800 .. Again negative concern if green trend line breach. Thanks
NIFTY Fibonacci 0.5 level retraced. Resistance around 17680-17825 Support around 17225-17050. .. Negative concern if green trend line breach. Thanks
Nifty Resistance around 17615-17800 Support Around 17225-17100
Bank Nifty Support-Resistance Resistance around 37850 Support around 36675-36250
Silvermini Bull Flag Pattern Wait for Breakout! If break and close above 67500 we may see level of 69000. On the downside, support is around 66000-65000.
NIFTY Near Resistance If break and stays above 18200 we may see levels of 18600 again. At the downside support is around 18000-17900
NIFTY Trendline Support. Resistance around 18120-18310 Support around 17850
Nifty formed a Double Bottom Pattern Support is Around 17890-17794.
NIFTY Current trend is negative We may witness some consolidation at current levels
NIFTY What we call this ? A Double Top ? Support around 17610