Hi,
Let us look into the previous session’s market movement and expectations moment from current levels to either side sustained above or below current levels.
CURRENT LEVELS: The Nifty50 opened with a gap-up of +118.5 points and closed at +133.2 points volatility seems to be 116 points. Formed a Doj candle in the daily chart.
The illustration of the 15-minute chart opened above R3 Level 18131 and went up 45 points to today’s high 18176. Unable to sustain the above level fell 116 points to today’s low of 18060, then took support from there and recover 93 points then little fell and closed to 18145.
Today’s total movements were around 254 points.
ONE-DAY LEVELS: The Fib retracement levels are drawn for the Daily chart the support and resistance levels are as follows for tomorrow’s (02-11-22) trades.
Resistance:
R3-18243, R2-18193- & R1-18154
Pivot & CPR:
P- 18127, BC- 18118 & TC 18127.
Support:
S1-18100, S2-18066 & S3-1811.
If Nifty50 is sustained above 18175 the bull run will take place and move upwards, ready to retrace the level of 18200 & 18250.
If Nifty50 is sustained below 18120 the bear run will continue and be ready to retrace the level of 18060 & 18000.
So, we must be very careful to watch the above levels to do successful trade.
Disclaimer: Not SEBI registered advisers. It is my analysis of my experience. You may consult with your financial adviser for your action.
Let us look into the previous session’s market movement and expectations moment from current levels to either side sustained above or below current levels.
CURRENT LEVELS: The Nifty50 opened with a gap-up of +118.5 points and closed at +133.2 points volatility seems to be 116 points. Formed a Doj candle in the daily chart.
The illustration of the 15-minute chart opened above R3 Level 18131 and went up 45 points to today’s high 18176. Unable to sustain the above level fell 116 points to today’s low of 18060, then took support from there and recover 93 points then little fell and closed to 18145.
Today’s total movements were around 254 points.
ONE-DAY LEVELS: The Fib retracement levels are drawn for the Daily chart the support and resistance levels are as follows for tomorrow’s (02-11-22) trades.
Resistance:
R3-18243, R2-18193- & R1-18154
Pivot & CPR:
P- 18127, BC- 18118 & TC 18127.
Support:
S1-18100, S2-18066 & S3-1811.
If Nifty50 is sustained above 18175 the bull run will take place and move upwards, ready to retrace the level of 18200 & 18250.
If Nifty50 is sustained below 18120 the bear run will continue and be ready to retrace the level of 18060 & 18000.
So, we must be very careful to watch the above levels to do successful trade.
Disclaimer: Not SEBI registered advisers. It is my analysis of my experience. You may consult with your financial adviser for your action.