BUY ABOVE - 24440 SL - 24360 TARGETS - 24530,24530,24590 SELL BELOW - 24360 SL - 24440 TARGETS - 24310,24230,24160 NO TRADE ZONE - 24360 to 24440 Previous Day High - 24440 Previous Day Low - 24230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Support and resistances for Nifty almost remain the same after action today but the positives are that RSI is getting stronger, Trendline resistance is crossed and an additional support at 24210 is gained. The obstacle still remains at Mother Line that is 50 hours EMA currently at 24455. For Nity to be bullish we need a closing first above 24455 and then above...
Long term view - Bullish Weekly pattern, it will take time. Long term investors can buy.
As discussed in yesterday's video Mother line at 50 hours EMA and Trend line resistance stopping the march of Nifty again. Nifty again nose dived today to confirm support which it found at 25307. After finding the support Nifty recovered again today smartly to close at 24413. Mother line at 24481 and trend line resistance in the range of 24500/24525 range again...
In the video we have tried to explain the budget move of Nifty. We have tried to explain the sectors that can benefit from the Union Budget. We also tried to understand the Nifty trend, support and resistance levels for the same.
Market tried to stage a recovery after forming a temporary bottom near at 24362 to close at 24509. The recovery was good 147 points from lows of the day but ended just below 50 hours EMA Mother line which is at 24527. Closing above 24527 can help further recovery. Supports for the Nifty remain at 24465 and 24362. If 24362 is broken the only substantial support...
BUY ABOVE - 24590 SL - 24530 TARGETS - 24660,24730,24780 SELL BELOW - 24490 SL - 24530 TARGETS - 24440,24400,24350 NO TRADE ZONE - 24490 to 24590 Previous Day High - 24830 Previous Day Low - 24490 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
#Nifty50 ended the week flat, hovering within the predicted 25000-23950 range. Buckle up, because next week's Union Budget on July 23rd promises high volatility. Expect a wider trading range of 25250-23800. A breakout from these levels could ignite significant price movement. Remember my July 6th blog post? It highlighted Nifty's historical correction trend...
Nifty has closed 1 point below the 50 Hour EMA at 24530. (Mother line) - to know about the Mother, Father and Small Child story read The Happy Candles Way to Wealth creation available on Amazon. Supports for Nifty now remain at 24509, 24359, 24211 and 23985. (23985 is a very important 200 hours EMA support). Resistances for Nifty will be at 24351 (50 hours EMA),...
Nifty crosses strong resistance of 25720 for the first time. This opens the door for medium term target 25K+. Although there are few more important resistances to cross before this happens. The important resistances now are at 24837, 24887, 24937 and 25024. Top of the channel now seems to be at 25243. The support for nifty if it decides to cool the RSI seems to be...
BUY ABOVE - 24660 SL - 24580 TARGETS - 24730,24800,24860 SELL BELOW - 24580 SL - 24660 TARGETS - 24530,24490,24440 NO TRADE ZONE - 24580 to 24660 Previous Day High - 24660 Previous Day Low - 24580 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Today's high 24661 a strong resistance point to watch out for. If Nity is not above to close above this level then we can see the fizz of the current rally going out and Nifty can go searching for supports in the short term. If we get a closing above 24661 the top of the trend seems to be near 24726 for now. Supports for Nifty seem to be near 24593, 24526, 24476...
Nifty touched and returned from an important trend line resistance today at 24635. During the course of day another point at This will be an important hurdle to cross before we reach another hurdle which 24615 also proved to be a resistance. If these two resistances are crossed next resistance will be at 24692. Supports for Nifty are at 24526 and 24476. the zone...
BUY ABOVE - 24580 SL - 24490 TARGETS - 24650,24720,24800 SELL BELOW - 24490 SL - 24580 TARGETS - 24440,24400,24350 NO TRADE ZONE - 24490 to 24580 Previous Day High - 24580 Previous Day Low - 24350 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Driven by unexpectedly positive results by TCS, most IT companies jumped in a positive rage and took the index into further unchartered territory making a high or 24592 and closing at 24502. The trend suggest that the peak can be near 24769 if the resistances of 24592 and 24662 are crossed. The supports for Spot Nifty remain at 24490, 24437, 24317 major support 50...
Nifty today took a support at 24141 and market a recovery where it closed at 24324. If Nifty is able to close or hold above 24353 there can be recovery which can lead to Nifty going as high as 24403 or 24461. If and when we get a closing above 24461 we can think of crossing 24500 and hitting a high of 24520 for now. If the resistance of 24353 is not corseed and we...
• NSDL has filed its DHRP, leading to market concerns that investors might shift their funds to NSDL, potentially affecting CDSL. (We'll be sharing a detailed comparison for NSDL and CDSL in the comments section below. Feel free to follow us for the updates.) Now CDSL: • In the last 13 months, it's formed a beautiful Flag Pole pattern. The breakout of...
The image you provided is a TradingView screenshot showing a 15-minute candlestick chart of the Nifty 50 index from July 9 to July 11. This chart features several technical details: Date and Time: The chart includes timestamps, helping to track price movements throughout the trading days depicted. Exponential Moving Average (EMA): A 20-period EMA is plotted,...