Hi,
The Nifty50 opened a gap down of -20 paints and closed +276 points with a volatile of 439 points.
Illustrate the 15-minute chart, opened 16798 and went down to today’s low S2 16748, then it took support from there and moved upwards to today’s high 17187 above R3, then not sustained above this level fell 127 points, then final move up 55 points closed 17107 near below the R3.
Today’s swing was around 620 points.
The Fib retracement levels are drawn for the Monthly chart, the support and resistance levels are as follows for the Month OCT-22 trades.
Resistance:
R3-18661, R2-18084 & R1-17631
Pivot:
P- 17313
Support:
S1-16995, S2-16601 & S3-15964
The Fib retracement levels are drawn for the weekly chart, the support and resistance levels are as follows for the OCT-22 first week’s trades.
Resistance:
R3-17462, R2-17270 & R1-17119
Pivot:
P- 17012
Support:
S1-16906, S2-16775 & S3-16564
The Fib retracement levels are drawn for the Daily chart, the support and resistance levels are as follows for tomorrow’s (03-10-22) trades.
Resistance:
R3-17449, R2-17261- & R1-17113
Pivot & CPR:
P- 17009.72, BC- 16967.4 & TC 17052.03
Support:
S1-16906, S216778- & S3-16570
If Nifty50 is sustained above 17200 the bull run will take place and moves upwards further ready to retrace the level of 17260, 17450 then17600
If Nifty50 is sustained below 16950 the bear run will continue and be ready to retrace the level of 16900, 16775& 16570
So, we must be very careful to watch the above levels and 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.
The Nifty50 opened a gap down of -20 paints and closed +276 points with a volatile of 439 points.
Illustrate the 15-minute chart, opened 16798 and went down to today’s low S2 16748, then it took support from there and moved upwards to today’s high 17187 above R3, then not sustained above this level fell 127 points, then final move up 55 points closed 17107 near below the R3.
Today’s swing was around 620 points.
The Fib retracement levels are drawn for the Monthly chart, the support and resistance levels are as follows for the Month OCT-22 trades.
Resistance:
R3-18661, R2-18084 & R1-17631
Pivot:
P- 17313
Support:
S1-16995, S2-16601 & S3-15964
The Fib retracement levels are drawn for the weekly chart, the support and resistance levels are as follows for the OCT-22 first week’s trades.
Resistance:
R3-17462, R2-17270 & R1-17119
Pivot:
P- 17012
Support:
S1-16906, S2-16775 & S3-16564
The Fib retracement levels are drawn for the Daily chart, the support and resistance levels are as follows for tomorrow’s (03-10-22) trades.
Resistance:
R3-17449, R2-17261- & R1-17113
Pivot & CPR:
P- 17009.72, BC- 16967.4 & TC 17052.03
Support:
S1-16906, S216778- & S3-16570
If Nifty50 is sustained above 17200 the bull run will take place and moves upwards further ready to retrace the level of 17260, 17450 then17600
If Nifty50 is sustained below 16950 the bear run will continue and be ready to retrace the level of 16900, 16775& 16570
So, we must be very careful to watch the above levels and 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.