Despite strong positive cues on World markets, NIFTY couldn't move higher. Today's move was quite undecisive and looking at current DOW and S&P500, they're slightly positive. This could mean that tomorrow morning we might see a small pull back towards 16665 - 16700 levels. On downside, 16440-16480 continues to be strong support zone, which has been tested...
After struggling to cross 50 EMA resistance Nifty on Friday crossed it finally and the momentum helped it to cross 200 days EMA too. But the joy was short lived and 200 days pushed NIFTY downwards so hard that end of Friday the indices where reeling under both 200 and 50 EMA as you can see in the chart. Now NIFTY will look to find a support again. Only after...
On daily chart nifty failed to close above 44 MA. Closing above the MA will trigger strong buying and we can retest previous all time high.
NIFTY today formed almost a Bullish Engulfing candlestick pattern on Daily charts. Today's candle is more like Bullish Marubozu which suggests strong Bullish momentum. BULLS are in complete charge of the market and looks like there is a Buy on every small Dip. Now, BULLS have to break above a crucial resistance between 16665 - 16700 levels, if its able to break...
Nifty Preferred EW Wave counts from Covid Low to 2021 high (~18600) Major Impulse counts are labelled in Blue with minor wave counts in Orange. Major correction waves are labelled in Pink and Sub-waves within major correction waves are shown in green. Wave 1 is some sort of diagonal - leading diagonal Wave 3 is subdivided again in 5 impulse waves with subwave 5...
NSE:NIFTY Nifty index intraday levels predicted for 1 June 2022.
Market momentum is back for the time being as NIFTY has sustained above 16400-16495 zone which was a strong resistance. On Monday the market closed at 16664.1 which is just below another strong resistance zone of 16690 to 16753. Crossing this zone, we can see a rally up to 16900-17300 zone. Resistance levels: 16690, 16753, 16959, 17100 and finally if the...
Nifty has created a gap and in second half consolidated above 16600. Market were strong and remained in green the whole day. On 15 minute analysis, it has respected the support of 20 ema. Support :- 16600, 16480 Resistance :- 16700, 16800 Market has been given a nice movement initially even after the gap up. Wait and watch the price action near the levels...
Predicting tomorrows range completely below today's high.
Market has given strong push with thrust upwards towards end of this week. The rally if sustains above 16400-16495 zone will push momentum in favor of Bulls and Market can continue rally in coming week or weeks towards 16700 and above. The important level to hold and cross for Nifty would be 16400. The Support Zones: 16219, 16026, 15913 and finally 15766. Below...
NIFTY has taken a strong support and inching towards the Sell zone from 16387 to 16412. If it breaks this levels next target is 16484 lvl and it it is able to break this level of 16484, then there would be huge & quick upward rally to fill up the gap between 16484 - 16624 made during the starting of May 2022.
NIFTY 50, BOUNCED OFF from the levels as mentioned on the post related to 26th May 2022. We are seeing some bullish momentum to break 16400 levels. Once this level is taken we can even test 16600 levels. After this is over, we will again fall down to make new lows. Next levels to watch, * Break of 16200 levels * Break and test of 16400 levels...
How to trade nifty on Wednesday I have mentioned all the important levels for tomorrow. Chart is for learning purpose.
After multiple occasions and multiple tries still NIFTY is not able to hold above 16400 level. Any positive move towards 16768 or 17391 will happen only if the levels of 16400 and 16492 are crossed on a daily closing. Support and resistance levels are as under: Resistance levels: 16400, 16492, 16664 and finally the mega resistance zone of 16778-16916...
Let me know if you have any questions in the comment Be active on this post to see my live positions and Trade Do Support by Liking and Commenting on our Post as it motivates us to post more such ideas The chart is for study purposes only!! NSE:NIFTY NSE:NIFTY1! NIFTY , Trading Strategy, Intraday, Banknifty option trading strategy, intraday strategy,...
NSE:NIFTY Analysis/Prediction for Monday 23-05-2022 For flat Opening 🟢 Buy CE, If price closes above 16300 👉 Target-1 should be 16400 👉 Target-2 should be 16600 🔴 Buy PE, if price closes Below 16070 👉 Target should be 15700 For Gap-Up Strategy 🟢 Buy CE, If price closes above 16400 👉 Target should be 16600 🔴 Buy PE, if price closes Below 16250 👉 Target...
Hold / add hedged longs above 16250, breakout on price, RSI and MFI too. Significant improvement in breadth too. There may not be sharp up move on fuel price cut and other inflation control measures, but high probability it will strengthen Auto stocks further. Keep an eye on that space. Hedged positions only, Friday low strict stop loss even for hedged positions.
NSE:NIFTY Analysis for Upcoming Week Creating Reversal Pattern "W" 16400 is Breakout Level If 1 hour candle closes above 16400, You can buy one lot of monthly Call Option till 16800 with the Stop Loss of 16340. Note : The analysis is only for educational purpose, please consult you financial adviser before taking any trade.