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Niftyintradaylevels

NIFTY --Strong Support @17840 -17800 ?? or Reversal @17500Note: Strong Support @17840 -17800 will acts as support go long again from this levels to reach 18100,18200 levels. It is recommended to remain on the buy side within the range of 17800-17840, as no significant retracement has been observed after breaking the supply zone at 17840 level. If this level acts as support, weekly expiry is expected to be bullish to consolidation at (18100-18200). Observations: After trending upwards in NIFTY yesterday, today the price continuously moving upwards, They are now poised to reach untested supply zones at 17920-18100 levels. However,, and if any of the previous supply zones act as support, the price could move back upwards.
NSE:NIFTYLong
by IIT-Trader
Nifty--Expiry Levels.Yesterday, the Nifty demonstrated bullish pressure above the significant resistance level of 17800. As a result, it is expected that there will be a swift retest of this level, followed by a price increase. Support range is 17800-17840 levels. However, due to the monthly expiry, the price is currently consolidating within the range of 17960-17800 levels. It is important to keep an eye on the untested supply zone at 17680, which is anticipated to act as powerful demand in the future.
NSE:NIFTYLong
by IIT-Trader
Nifty 50 index: is this breakout sustainable?Greetings Fellow Traders, As we can see in this chart that Nifty was trading inside the Chanel down from past few days and since yesterday price broke that Chanel down and bounced on it few times...but will this be a sustainable breakout for further upside move? Well in my opinion that will be dependent on 17,950 As a resistance it's more prominent than that Chanel down...and for any sustainable upside move price needs to break that area... otherwise downside areas are mentioned in Chart... Good Luck 🍀
NSE:NIFTYShort
by AdilHussain731333
NIFTY- Will reach 18000 by monthly expiry???Observations: After trending upwards in NIFTY yesterday, today witnessed sellers opposes the price moving upwards, They are now poised to reach untested supply zones at 17700-17680 levels. However, buyers may lack the necessary power to push the price higher, and if any of the previous supply zones act as support, the price could move back upwards. It is recommended to remain on the buy side within the range of 17700-17680, as no significant retracement has been observed after breaking the supply zone at 17680 level. If this level acts as support, monthly expiry is expected to be bullish.
NSE:NIFTY
by IIT-Trader
1
Estimated Pathway.It is bound to react to supply zones, even the global indices have reached the supply areas and cannot proceed further without some selling in mid way and starting financial season of the year. Quarter results will make an impact for sure on the index but that is pretty far till now other than the buzzing headlines have already started. So as per me a little gap up will push Nifty Downwards and panic selling would be encountered. Other than that the long trendline also suggests it cannot move a long bullish move tomorrow.
NSE:NIFTY
by herozerocoinwnprl
Tomorrow might be a dropping expiry.Fibonacci Retrace tool is like a wonder in Century, I began to notice nowadays. So the Quadrants explained in the picture tells that the little but some bullish energies that have been lying near nifty option chain and FUTs, its because FIIs have lost most of their holdings in their sell outs and DIIs have to balance of their Balance Sheet before THE REAL EXPIRY OF FINANCIAL ACCOUNTS. But none the less GLOBAL powers are going in a SEESAW, Indices open higher due each other's end resulting cycle chain and mostly due to Dow Futures, then the Indices are hedged in shorting them because a lot of volume can be seen in Equity Shares. The weightage stocks take the Index Higher at that moment Hedge Funds short it and thats whats happening. So 31st March will be the day when this volume in equity will ran off and Indexes wouldn't fluctuate momentum like they have been. Lets hope today Dow returns negative because I have 10 lots of 17000 PE 6 April Expiry. :0
NSE:NIFTYShort
by INDEXKING0
1