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 +123.4 points and closed at +225.4 points volatility seems to be 123 points. Formed a Bullish candle in the daily chart.
Illustration of the 15-minute chart, which opened at 17910 and went down 10 points to today’s low touched R3 level 17898, then took support from there and recover 72 points then fell 19 points then again recovered 38 points then again fell 41 points again recovered 73 points 18023 today’s high and finally closed 18012
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 (01-11-22) trades.
Resistance:
R3-18101, R2-18049- & R1-18007
Pivot & CPR:
P- 17995, BC- 17978 & TC 17961.
Support:
S1-17949, S2-17913 & S3-17855.
If Nifty50 is sustained above 18025 the bull run will take place and moves upwards further ready to retrace the level of 18050 & 18100.
If Nifty50 is sustained below 17950 the bear run will continue and be ready to retrace the level of 17900 & 17850.
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 +123.4 points and closed at +225.4 points volatility seems to be 123 points. Formed a Bullish candle in the daily chart.
Illustration of the 15-minute chart, which opened at 17910 and went down 10 points to today’s low touched R3 level 17898, then took support from there and recover 72 points then fell 19 points then again recovered 38 points then again fell 41 points again recovered 73 points 18023 today’s high and finally closed 18012
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 (01-11-22) trades.
Resistance:
R3-18101, R2-18049- & R1-18007
Pivot & CPR:
P- 17995, BC- 17978 & TC 17961.
Support:
S1-17949, S2-17913 & S3-17855.
If Nifty50 is sustained above 18025 the bull run will take place and moves upwards further ready to retrace the level of 18050 & 18100.
If Nifty50 is sustained below 17950 the bear run will continue and be ready to retrace the level of 17900 & 17850.
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.