thegutsy

thegutsy

Daily View - Nifty - 11th May 2022 Nifty Consolidating in Tight Range since last Few Days. Large thrusting move can be expected on break of this Range 16500-16100. Downside Move be cautious as Value Buying can emerge from Bulls.

thegutsy

Medium Term View Stock in Sideways Trend Prices bouncing from 660-620 Levels. Low Risk Entry for Medium Term. Break of Support Area decisively on two consecutive Weekly closing bars can lead to further price correction to 500 Levels and below

thegutsy

Medium Term View Stock in Uptrend. Retraced to Key Level 153. Next Move based on Weekly Closing bar above/below this 153 Level. Low Risk Entry Area.

thegutsy

Key Intraday Levels for Nifty - 10th May 2022 Upper End : 16583 16498.15 16413.30 16330 Lower End : 16245.45 16160.35 16075.55

thegutsy

Medium Term View Sideways Trend. Below 870 Selling Pressure by Bears towards Support Area 690-630

thegutsy

Key Intraday Levels for BankNifty - 10th May. Upper End : 35035.40 34813.20 34591.05 34368.85 34309.75 Lower End : 33702.25 33924.25 33702.25

thegutsy

Stock in Clear Uptrend - Break of 850 levels on Closing basis can result in deeper Correction to 800 Levels Above 900 Uptrend may Resume with Caution

thegutsy

Stock in Uptrend. Breakout Confirmation Required in next few Days. Can become Choppy below 235 Level. If Prices Sustain above 220, higher levels are expected over Medium Term.

thegutsy

Daily View Nifty needs to take out 16500 and fill the GAP for any chance of Reversal on Upside. Failure of 16500 will keep Nifty under Pressure. Price movement below 16300 can be highly Volatile as Bulls seeing Value at these levels will try to absorb the Selling pressure from the Bears.

thegutsy

Key Support for Tata Motors between 400-360. Buyers could emerge around this area to halt opening up of further Downside levels

thegutsy

RANGEBOUND RESISTANCE 800-770 -> Sellers may come in SUPPORTS 565-550 -> Buyers may come in Break of Range can result in directional move of 25%

thegutsy

Medium Term View Range Bound Market Support @ 1300-1250 Resistance @ 1650-1750 Break of Range may Result in 20% Move

thegutsy

False Breakout from 2700 Levels. Below 2700 Trend Negative Lower Levels to watch 2500 - 2400 Supports 2300-2200

thegutsy

Medium Term View Head & Shoulder Pattern Visible Pattern Confirmation below 5800-5700 If Pattern Confirms on Closing Basis Potential Lower Levels around 20%

thegutsy

Nifty in Correction Mode. Downtrend. Medium Term View Approaching Support Levels between 16400-15600 (1000 Point Range) Expect Choppiness within this Range. Daily View UpTrend above 16500 if holds Downtrend resumes below 16300 with caution.

thegutsy Updated 

NIFTY50 INDEX on verge of possible Breakout to New Highs - Immediate Supports at 11500-11600 followed by 11300 Levels. Failure to hold above 11000 could result in the NIFTY50 seeing much Lower Levels.