Nifty 17324 - As long as Nifty held its close below 17350 we shall expect our earlier target of 17199. and more possibility to test 16940 zone again.
Nifty 17368 - Unable to sustain above 17600 has fell down to support 17398 and has closed below 17368. So what Next ? As long as it held its close below 17398 we shall expect Nifty fall down to 17199.
Nifty 17511 - A rounding bottom with a V shaped recovery suggests strong support around 17398 and resistance at 17555-17600 zone. So what Next ? Breakout of resistance zone will take Nifty to 17910 while a breakdown of support will take down back to 16900
BankNifty 35735 is in Phase B .Expecting to test target zone 35335 to 35173.
Nifty 16912 is in Phase B and expected to test 16782-16685 zone before turn up.
Bank Nifty 36197 - As long as BN hold its close below 36389- 36462, we shall expect 35712.
Nifty 17401 has given breakout with a double bottom "W" Pattern and holding on support 17351. We expect Nifty to test 17555 as long as the support is held
Nifty 17166 - Though Nifty holding its close above 17140 it is held below 17260 Nifty has resistance zone at 17260-17306 and has support zone at 16982 Nifty expected to test the resistance zone before turning down.
Nifty 16983 - Unable to sustain above 17134 and Has dropped again below 17134 crucial resistance to 16983. So what Next ? Nifty expected to test 16675 as long as it held its close below 17134.
Nifty 17240 - Rounding bottom for support and resistance of intraday trade.
Nifty 17053 - Nifty unable to held its close above 17134 and has dropped down. Yesterday's rally was a clear short covering . So what Next ? Hence we expect Nifty will be moving to our earlier mentioned target of 16580 as long as it held its close below 17112.
Wipro 621 - Has given breakdown of support channel 627-635. So what Next ? We expect Wipro to test target 525 as long as the support channel not breached.
Reliance 2412 - Reliance has breached the support 2497 and successfully retested the breakdown. So what Next ? So we expect reliance will be down for target 2368, 2130 as long as it held its close below 2497-2547 zone.
SBIN 470 - Has breached support 501 and moving to technical target 460 Has support at 462-456 and resistance at 482. If support breached next support is at 435.
Though we anticipated the downfall on break down of 17360, We didn't expect ( we are sure no one would have expected ) the downfall yesterday. Based on technical study, We expected Nifty to consolidate in 17900-17360 zone for few days before breaking down. But new Covid news ruined the study and the market went below 17360. On breakdown of 17360 the fall was a...
Nifty 17170 - will it be a spring ? If nifty could close and held the close above 17214 they would be a spring. Else we may find Nifty at 16580
Nifty 17536 - Nifty could held its support above 17505 and has given breakout above trend channel with a good consolidation pattern. So what Next ? Nifty has resistance at 17610-17652 zone. We expect Nifty to consolidate at this zone and will move to 17970 in coming days
Nifty 17529 - What a recovery from 17360.. which we mentioned as support in morning post. Refer Our morning Posting in //in.tradingview.com/chart/NIFTY/3Ra3N4jn-Nifty-what-Next/ So what next ? As long as Nifty holds its close above 17505 we shall expect Nifty to revisit 17610