Nifty has some support near 17800 level. This is a good place to bounce for the target of 18350.
One day closing above 18350 will take nifty up to 18600.
On the flip side 17600 will act as a strong support.
If close below 17600 this rally will pause.
Nifty was heading toward a congestion zone from 18300-18500. It had started to create 18350 as major resistance. Need to see if it sustain below the trend line on DAILY BASIS...
When we looked at previous charts, nifty was being held tightly, last few candles showed shallow candles. Now in charts supports have been made, keeping in mind there are few gaps left in...
According to this setup
Closing above 18690 will make nifty more bullish and this previous all time breakout will take it up to 19600.
19600 will be monthly target and can be trigger on any good news which may come on budget.
Before budget retracement till 17600 will make this breakout more successful.
On the flip side weekly closing below 17600 will change...
On Monday's session #nifty closed below 2 months low.
Important support of 200 DMA is placed at 16287.
Below 16287 nifty will head towards 15900.
Intraday setup for Tuesday
Sell Nifty below 16400
Below 16300 further down fall.
On 12 January Nifty open gap up and whole day it was range bound.
On 13 January result of some IT company will impact the index.
Buy above 18240
Target 18300, 18345
For intraday you can sell below 18150
Target 18080, 18020.
Trading below 18000 will trigger profit booking and we can see intraday correction.
My yesterday's prediction was 💯 correct.
Now my analysis on tomorrow's nifty 50 is bearish 📉
I used Xabcd pattern and nifty touched the D point.
Be ready with your "Put Options Contracts"
Have nice Intraday 😊
On weekly time frame Nifty has given flag pattern breakout and we can see 18500 level near future.
Closing above 18000 will accelerate the momentum and we can see fresh buying.
Positional buyer can buy at CMP with stop loss of 17600.
Nifty weekly target - 1800, 18200, 18500.
Nifty making a bullish flag on hourly chart.
Trade this breakout target will be 18040.
One day closing above 18050 will take nifty to 18200.
On the flip side nifty is supported by trend line . trading below the trend line will give intraday dip.
Bullish trend support is placed at 17600.
Closing below 17600 will make nifty bearish again.
17655 proved to be a good support for NIFTY today amidst aggressive posture by US Fed which sent traders across the globe booking profit. Global markets have tanked FIIs sold today but DII continued there buying from lower levels. Current support zone of 17661 below this level the support is near 17656 and 17593. Below these levels 17492 and 50 EMA which is at...
Yesterday we had indicated a resistance for NIFTY at 17942 and peak of the day was 17944. Now the resistance could be near 18039 and 18111. Supports on the lower side are 17834 and 17737. Major Support of 50 EMA for NIFTy below which there could be trend reversal and Bears can fight back is near 17388.
NIFTY gave another solid positive candle and FIIs did more than double buying compared to DIIs. Next resistances before NIFTY tries to hit 18K again are near 17889 and 17942. Supports on the down side are 17707, 17634, 17593 and 17366.
Nifty levels as per our zones resistance near 17150. if nifty break up side 17150 and sustain then will touch around 17230.
Resistance Zone : 1st - 17147-17155
2nd - 17219
Support Zone : 1st - 16940- 16920
2nd - 16840- 16829
Please check level on chart