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 Target 16300. Below 16300 further down fall.
At the end of the session price rejection was there indicating possible pullback or reversal I suggest going long and using base of drop on 15Min TF as targets! You expect a drop at the start of the session but it will close at 17100 making it ITM!
1st Resistance at 17666 to 17671 2nd Resistance at 17720 TO 17734 1st Support At 17535 TO 17515 please check level for more details
Nifty is trading near breakout zone. Global sentiments are also positive despite inflation numbers. Next resistance and target is placed at 17700 which is also 50% level of this total fall. Closing above 17700 will take it up to 18300. On the flip side closing below 17400 will make it weak and again we can see 17000 level in this week.
Waiting for Nifty to break out this week for taking fresh long positions. It has been resisted multiple times and has created a trendline. A strong breakout will lead to continuation of the bull run. While bank nifty has already given breakout, hoping nifty does the same. The down move from the all time high, is just a retracement when looked on a higher...
NSE:NIFTY After a good start in first 10-15 minutes nifty did not manage to make any new high in the morning session today and we have see some selling in first 2-3 hours of the day but in second session we have see good bounce back in nifty after taking a good support of 21EMA on 1H chart. which again indicates bulls have given good efforts to pushed the...
NSE:NIFTY On NIFTY spot's 1h chart we did see good selling in first one hour of today's trading session and we were also seeing expected follow through on next 1h candle but bulls did give there best efforts to push the market up. After seeing good selling in first one hour of todays trading session test of yesterday's gap was expected but we see good bounce...
Straight downside move in single run. I am not looking for this in short side.. One retracement must required for further move.
Hi Nifty looks like is still under pain, it is because from 22nd or 24th April 2021 low we are in extended wave 5th wave & for education note that if 5th wave is extended then it will retrace full 61% in that we would like to advise or suggest that if this time we break below 16930 odd levels then will see 16600 levels in coming days. One more finding is as...
Current complex correction in Nifty could lead the index at 16677 level. Trade cautiously...
As per fib support levels are 16000 - 14400 - 13100 - 11800 All these are horizontal + fib level support 11800 is Golden ratio 61.8%
Good Morning, Everyone. I Hope you have to spend a great weekend and enjoyed your time; now, let get back to work and talk about the first trading session of this week. The market sentiment is negative, and the bear attack is full of throttle. The harmonic PRZ sits on 16,746, which can react as support, but we need a reversal sign from the harmonic PRZ first...
Hi Looks like Nifty is going to finish its correction in coming days & we have looks to buy on dip now instead of looking to short it. The study, we are sharing with you all in that if Nifty close above 17700, it means we are moving towards new ATH if not then will see Nifty drift back to 16900 levels but it does not mean that we have to short that will be the...
Hi It was wonderful trading session yesterday. As per yesterday move looks like we are in corrective structure in Nifty if not then Nifty has to cross yesterday high very fast today if new impulse move is going to start. Movement will sideways will look to enter in shorts close to 17500 to 17550 for to test the support area 17300 otherwise will avoid todays...
Hi Nifty bulls still face hurdle tomorrow close to 17950 to 17990 levels if these levels will cross convincingly then we can notice 18100 to 18200 levels soon. This view is as per 1 Hr Time Frame, if will see bulls are doing good then will update accordingly. Best of Luck!!!
Hi It was very wonderful week. As per study, Index still looks in correction. Todays bull move will change whole market emotions that nifty is going for ATH but need to understand still needs caution on long side. We are posting a tentative view, will cross check the at 18200 odd levels. Best of luck for next week....!!!
Hi As per finding, Nifty looks like doing two pattern 1) Leading Diagonal or 2) WXY correction. So today is going to be trend deciding day for Index. We take out yesterday high, it means we moving up then trade plan will be every dip should consider as buying opportunity OR We break below 18070 to 18050 then fall will be sharp. Best of Luck!!