A very good candle to close the week by Nifty on Friday. In general, there is good buying on the Muhurat day. In addition to this markets in US and seems to be closing on a strong footing in US. All this can lead to a bumper Muhurat day session and the following week can also shine with positivity in this festivity adding more glitter to the festival of lights....
Read Yesterday's idea and look what was said about 19831. Look at the chart and see what 19831 did. Yesterday the resistance level was given 19831 look what happened today. Look at the specific area in the circle. That ladies and Gentlemen is power of Technical analysis. All the other resistance and support levels remain the same. As we could not cross the...
Market is indecisive but bias seems to be positive to neutral. If the support near 19483 will be broken the Nifty can further fall towards 19227, 18905 or 18531 levels. Resistances on the upper side for Nifty remain at 19795 and 20000. Nifty took a support on Friday at the trendline and bounced handsomely above 19600 which is a good sign. Now sustaining above the...
Nifty is taking support at the 50 days EMA and trying to stage recovery from there but 19440 to 19520 is a resistance zone which it is finding difficult to clear. If and when that resistance zone is cleared the next resistance zone is near 19631 and 19786. In case the Nifty breaks 50 EMA and parallel channel bottom support the bears will feel empowered and they...
Gap-up above Mid-Channel line & sustaining above it is a big positive which most probably will take is to the channel top or near the channel top. Right now the resistances in front of NIFTY are at 18728 and 18778. Supports for Nifty are now same Mid-Channel line 18639, 18555 and 18465. Things look Bullish, positive and vibrant as of now...Looks like Nifty will...
NIFTY is approximately 3% away from the top. Question on minds of most investors is: When will Nifty make a new high by crossing this Crossing this 3% hurdle. Crossing this 3% hurdle will not be easy in my opinion, unless all FII, DII and Retail investors participate in the ongoing rally. Rally has hit the resistance zone now.
It was a good week but going ahead...
Nifty has reached the zone where the strength of current rally will be tested. The zone between 17700 and 17797 will be strong resistance zones for Nifty. Only if the rally has genuine strength it can cross this zone. If this resistance zone is crossed the next resistances will be at 17923, 18038 and 18137. Supports for Nifty remain at the levels of 17597, 17533,...
Nifty is perfectly sandwiched between strong support and strong resistance but the bias which was negative for most of March is fading. It is a very very critical day tomorrow. Nifty has already closed on Wednesday above a critical resistance of 17060 giving it a positive bias. Now the most critical resistances that remain to be conquered are 17137 and 17261....
If US indices and SGX Nifty don't do well overnight the chances are that few supports on the down side will be tested tomorrow. FII and DIIs both were net sellers today again showing some chinks in the armour of rally which started around 15183. Seems the strength of bulls is exhausted as third day in a row the Bulls could not even touch coveted psychological mark...
On daily time frame nifty is sideways. With important resistance levels in 15-minute time frame at 16249, 16275, 16297, and 16325 and support levels at 16182, 16145 and 16118. And major support levels in daily time frame at 16095, 15895, 15678 and major resistance levels at in daily time fare will be at 16405, 16503 and 16588 Below 15678, Nifty will be bearish...
At this time SGX Nifty is 116 points down then it’s previous days closings, and at fib level .786 which may act as support and probably may took a reversal, and then we may see a flat or small gap down for nifty on Monday. But if SGX Nifty breaches its current support level and continue its move then we may expect a heavy gap down of NIFTY on Monday.
If NIFTY...
Nifty Futures Key Trading Levels for 19th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views.
Please consult your Financial Advisor...
Nifty50 Key Support & Resistance for 6th Oct 2021
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my views. Please consult your Financial Advisor...
Nifty Support & Resistance for 29th Sept 2021
After Trending move on 28th Sept may Nifty remain Volatile or rangebound
Disclaimer: These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone...
HEY GUYS HOPE ALL ARE WELL
MARKET SHOWED A BULL MOVEMENT AT THE FIRST HALF AND IN THE SECOND HALF IT JUST SHOWED A TOTAL BEAR MOVEMENT.
SO AS PER THE TREND AND AS PER MY ANALYSIS IF NIFTY HOLDS AND SUSTAINS ABOVE 15600 IT CAN SHOW A MOVEMENT TOWARDS THE TARGET.
GIVEN SUPPORT MAY ACT AS A TARGET IF IT FAILS TO HOLD AND SUSTAIN.
NIFTY ALL-TIME HIGH
Bullish at this Moment
Psychological resistance level will be 12500
If breaking the trendline, we may see the level of Support around 12440-12370
.
...
If you like, just hit the thumbs-up button
or comment and share.
.
Updated on : 09-NOV-2020 5.10pm
Disclaimer: Only for learning purposes.
