nmcapital44

nmcapital44

As you can see in this chart that banknifty is following this pattern from last three time. Based on formation there is a reversal candle formed near important support area.

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Based on current price action the index is sustaining after gapup opening. The index need to break above 43730 for instant up move. On the flip side there are multiple support placed and selling can trigger only below 43400.

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On hourly chart NSE:BANKNIFTY trading near important support zone. We can expect a reversal from this level. In case of breaking the support can trigger panic selling till previous swing low.

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On 15 min time frame the index made a higher low formation which is a bullish sigh. As long as this higher low formation is holding we can see up move.

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Nifty has given trend line resistance breakout with gap up and retesting the breakout zone.

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The stock is consolidating near all time high. If breakout happen we can witness a huge short covering in the script.

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This is daily chart of $nifty. I have mentioned structure support in the chart. Important support is placed at 18888. Strong resistance is placed at 19600. For intraday move 19200 is support 19400 is resistance.

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Nifty is trading in a down channel and having important support at 19300 level. As long as this level is holding we can see a bounce. Fresh breakdown will be below 19300.

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Nifty Weekly Chart One down move is pending till 19055 Market should retest the breakout level This 700 points fall in nifty will give strength for further up move.

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The index is trading in a down channel and last session closing was above Fibonacci retracement 0.5 level 0.618 level is strong support and I am expecting a bounce from current level. On the flip side breaking below 0.618 will trigger panic selling.

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The index is trading near Golden Zone of Fibonacci retracement Support for expiry is placed at 20015 followed by 19883 these two levels are Fibonacci levels. There is a trend line support also there from bottom Breaking below the trend line can speed up down move

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Nifty is trading in sideways market. so far structure is bullish and index making higher lows formation. Nifty will weak only below 19300.

02:27

nmcapital44

I have explained the best price movement based on todays closing. Strong support 45000 String resistance 45500 500 points rangebound.

nmcapital44

The stock is trading within a triangle pattern. We can see a bullish move near future.

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The index is trading at all time high but some of major components like reliance, icici is not breaking their previous high. We need to trade carefully at this level, so far market is buy on dip.

nmcapital44

The index is not preforming like nifty but some of components are doing good. If all the components will move in the same direction we can see a good directional move.

nmcapital44

The index is trading at all time high. Next bullish move above 20090. Retracement support 19888.

nmcapital44

This is NSE:BANKNIFTY 15 min chart. The index is in rangebound in wider range. Wait for breakout to get a direction. Follow the chart for inrtraday trading.