BANKNIFTY/NIFTY ANALYSIS FOR FRIDAY 16TH JUNE-FOR EDUCATION PURPOSE BANK NIFTY:- If BankNifty sustain the level of 43500 break 43550,then 43550-43650-43750-43850 level can be achieved. If BankNifty break down 43500 and break 43400 spend time below then 43350-43250-43150 NIFTY:- If Nifty sustain the level of 18700 and break 18725 then 18750-18775-18000 level...
NIFTY 50 is currently trading around 18727 and has reached at major Daily and Weekly resistance area and current price action doesn't show any signs that it break break the resistance so my idea is it will be bearish during this week. Below is the possible sell opportunity Sell around 18727 STOP LOSS: 18803 TAKE PROFIT 1: 18559 TAKE PROFIT 2: ...
The Ten point range between 18768 to 18778 proving to be resistance once again. Nifty however closed above the strong support of 18728. Other supports for Nifty are 18656 to 18639 zone (Strong Support). Below this area Nifty has support only near 18555, 18465 and 18417. Resistances for Nifty on the upper side if it crosses the zone of 18768 to 18778 are near 18831...
Gap-up above Mid-Channel line & sustaining above it is a big positive which most probably will take is to the channel top or near the channel top. Right now the resistances in front of NIFTY are at 18728 and 18778. Supports for Nifty are now same Mid-Channel line 18639, 18555 and 18465. Things look Bullish, positive and vibrant as of now...Looks like Nifty will...
This is very important level for next days full line is call put writer and dot line is support resistance line
BANKNIFTY/NIFTY ANALYSIS FOR WEDNESDAY 14TH JUNE-FOR EDUCATION PURPOSE BANK NIFTY:- If BankNifty sustain the level of 44000 break 44100 ,44150-44200-44250 level can be achieved. If BankNifty break down 44000 and break 43950 spend time below then 43850-43750 NIFTY:- If Nifty sustain the level of 18700 and break 18750 then 18775-18800 level can be achieved. ...
Last 3 weeks or so we saw the Importance of mid channel line in parallel channel tool. Thrice Mid channel line supported the Nifty and Nifty bounced from there. When a support is taken multiple times mostly it becomes weak. This led to fall of Nifty below Mid channel line. Once the price is below the line which was a support. The line becomes a resistance. Mid...
BANKNIFTY/NIFTY ANALYSIS FOR TUESDAY 13TH JUNE-FOR EDUCATION PURPOSE BANK NIFTY:- If BankNifty sustain the level of 43950 break 44050 ,44150-44200-44250 level can be achieved. If BankNifty break down 43950 and break 43850 spend time below then 43750-43650-43550 NIFTY:- If Nifty sustain the level of 18600 and break 18625 then 18675-18700 level can be...
As of now not interested to go long in nifty 50 as per setup. Seems some more reversal balance from here. levels are marked in charts. Entry near AVWAP will give good RR. so wait and watch mood for long. In case nofty moved above lastest high AVWAP then can thing for long from here.
Nifty 12 Jun 23 to 16 Jun 23 Short ,Medium and Long Term Nifty closed at 18563 ( 18535) and touched low & high of 18537 and 18772. Buy call was given on dip on 21-May-23 at 18181. The stiff resistance provided (inclined trend line ) for the week 18689 to 18734 acted well. nifty faced that resistance as expected. RSI and Stochastic lowered to 60% level from...
Technical Analysis : Unveiling the Mystery: Understanding the Actual Value Zone in Stock Trading In simple terms, the Actual Value Zone represents the price range within which retailers trade a stock among themselves. Let's take an example to understand it better. Imagine there is a continuous supply of 10,000 kg of potatoes in the market. This keeps the...
NIFTY ANALYSIS FOR MONDAY 12TH JUNE-FOR EDUCATION PURPOSE NIFTY:- WEEKLY TARGET:- If Nifty sustain the level of 18550 break 18600 ,18650-18700-18750-18800 level can be achieved. If Nifty break down 18550 and break 18500 spend time below then 18450-18400-18375-18350. DAILY TARGET:- If Nifty sustain the level of 18550 and break 18575 then 18600-18625-18600...
Nifty retreated after coming within touching distance of All time high. Perhaps it will check the box after one more push or rally within rally. Within every Bull run there are phases where Index or a stock cools down its RSI (relative strength index). Similarly Within every bear run there will be phases when market will be oversold and stock rises to balance RSI....
NIFTY |BANKNIFTY|NIFTY ANALYSIS | BANKNIFTYANALYSIS FOR FRIDAY | nifty analysis for tomorrow | #niftypredictions | nifty live trading |Nifty50 BANKNIFTY:- If Banknifty sustain the level of 44000 and spend time and break 44150, then 44250-44300-44350. If Banknifty break down 44000 spend time below it and break 43950 then 43950-43850-43750. NIFTY:- If Nifty...
Again today 'Mid-Channel Line' coming to rescue Nifty on hourly chart. Mid channel line and 50 hours EMA where both near each other and formed a dual support for Nifty and rescued it from falling further. Falling below 18581 will decrease the strength of rally and in this case the Nifty can fall more towards 18495 and 18433. it looks line Final support for...
Yesterday we had given 18721 as an important resistance for Spot nifty. Today it has closed just above it which is a good sign. It was not a strong close but it was a good close. Key Resistances now are 18778, 18824 and previous All time high of 18887.6. Supports for the Nifty will be at 18721 it is a weak support as of now. 18683, 18639 and 18572. Relative...
Nifty50 look bearish in 18900-19150 zone . Create short in this area . Caution : - risk is high , Technical reason for short :- crab , shark abcd harmonic pattern
NIFTY |BANKNIFTY|NIFTY ANALYSIS | BANKNIFTYANALYSIS FOR THURSDAY | nifty analysis for tomorrow | #niftypredictions | nifty live trading |Nifty50 BANKNIFTY:- If Banknifty sustain the level of 44150 and spend time and break 44250, then 44300-44350-44400. If Banknifty break down 44150 spend time below it and break 44000then 43950-43850-43750. NIFTY:- If Nifty...