The Channel drawn shows Nifty from the pre-Covid era and covers major global events like Covid fall, post covid Nifty rally, Ukraine war, India-China standoff on border, US Fed rate hike cycle due to global inflation and recent crisis in the Middle East. Amongst all these news Nifty kept on growing and correcting and then growing again proving that the story of...
After today's gap down nifty back to range of 16000 resistance and 15650 support zone Day trader will look to trade between this range on 400-500 pts. 15880-15850 to 15760-1730 will be the mid short range Reversal can be considered only when the 100 Ema on hourly chart will be crossed and closed above (as per my analysis) Will update further levels of the...
Nifty traded in a wide range of approx 300 points today. Candle formed today is a Big range hammer candle. Candles Structure is of lower low, lower high. Gap resistance above hammer candle Price support underneath hammer candle. All above observations are somehow suggesting that the index might oscillate in a big range in the coming week, it might see selling...