Nifty has been trading in a Narrow 200 points range this whole week. Holding itself near the resistance is a good sign. Only 3 trading days to November month expiry! NSE:NIFTY
NSE:NIFTY Nifty 50, in the hourly chart, is in the final leg of correction, forming a zigzag corrective pattern of 5-3-5. It has completed wave 3 of wave C at 18837.85. A triangle pattern is in formation in wave 4 of wave-C, which can go up to 19315 - 19360 region. For major correction to complete, Nifty 50 is likely to form a new low of wave 5 of wave C...
A strong bullish candle post Bullish Kicker Candle sticks reflect the reversal Key level: Support: 19230 - 19300 Resistance: 19900-20000
Bears can hold the bulls advance until they settle around 19,300-19,380 levels which is both a support and a crucial resistance for any further rally. The index is currently looking at 19,194 due to weakness in macro and technical levels
Considering option data and Price Patterns, The channel trend still persists, and price movement is within the regression channel. Expecting to test the below-highlighted supports, the Price movement will be sideways for this month. As long as the price is above 18600, there is no need to consider a bearish outlook on the Nifty. Support levels are S1: Trendline...
Nifty April 27th 2023 Traded as Per The Morning View which was shared, A clear & Crisp up move unlike Banknifty.
On the daily chart the index is trading near resistance and closing above 18040 will trigger further buying. A small correction will give good up side momentum the the index. On the flip side closing below 17000 will change the direction and 15600 will be potential zone to reach. Pink - Channel Green - Immediate support White - Long term support
Understanding trades of nifty future for 02.05.2022 (Monday).
Understanding trends through support and Resistances.
Understanding trends through support and resistances.
Understanding trends through support and resistances.
understanding trends through support and resistances.
understanding trends through support and resistances.
understanding trends through support and resistances.
understanding trends through support and resistances.
understanding trends through support and resistances.
Understanding trends through support and resistances.
understanding trends through support and resistances.