Wipro 529 has broken support 557. It could slightly pull back to 570 and continue its downward movement. We expect 480 as technical target and could test a low of 440 as long as its close held below 557.
Nifty 17038 - Nifty has resistance around 17120 and support at 16978. Breakdown will take Nifty to 16500 region.
Profit makers held the price at resistance. SM dropped the price and trap the short sellers to initiate fresh shorts.
Nifty 16953 - An inverted V shape suggests technical target of 16500.
1.Nifty Testing support 17130 and could hold the support. Smart Money noticing the potential support. 2.Retailers sustain Nifty Support 17130 and SM notices potential retail buyers still existing 3.SM pushing out weak hands out of market. 4.SM Accumulating futures to sustain the resistance 17130 to flush out last weak retailers. 5.Smart Money using cash...
Nifty 17390 - Nifty as per the current pressure analysis , expected it to test 17480 and we will not be surprised even if it tests 17680
Nifty 17332 - As we mentioned in yesterdays post Nifty has gone through 17175 and achieve our target of 17340.
Nifty 17136 - Nifty has managed to close above 17130 hurdle .As posted in our yesterday's post ( ) We expect Nifty will pass through 17175 to test 17320.
Nifty 17121 - Intraday Resistance around 17175 . Nifty expected to pass through this resistance to test 17340.
Nifty 17183 - Has fall from intraday high of 17275. As long as it could sustain its close above 17130 we shall expect Nifty to test resistance 17340 again. Trade entered : Nifty 17100 CE @ 264 at Nifty 17180 on 19/4/2022 10:00 AM
Nifty 17125 as posted on April 13 at 17530 has dropped to low of 17220 and has fallen below the low. Nifty 17100 CE @ 257 at 17125 on 12:27 on 18/4/2022
Wipro which was suggested at 560 on Feb 8 with support 545 has posted achieved target of 615 on 23rd March 2022.
Nifty 17530 - A "V top" pattern suggests Nifty has technical target of 17315 and could test low of 17220.
Nifty 17482 - WE have been following trend line trading strategy and it is giving out quite stable profit comparing any other complex strategy as You can see how Nifty respecting the trendline from 19th October.
Again a PERFECT TREND LINE SUPPORT
Chart studies are always simple with Trend lines Complexing leads to confusion and to loss.
Nifty 16608 - Follow-up of how well nifty respecting trend lines. A good trend line saves losing trade .. Trade entered : 18900 PE 212 @ 09:36 at 16866 Trade closed : 240 @ 10:00 Trade entered : 18900 PE 204 @ 11:05 Trade Closed : 297 @ 13:16 Trade entered : 18900 PE205 @ 12:20 at 16855 Trade closed : 225 @ 12:36 at 16831
Nifty 16623 - See to believe How well Trendline respected by Nifty.. Simple trend line gives better trading opportunity than complexing technical analysis.