According to this setup
Closing above 18690 will make nifty more bullish and this previous all time breakout will take it up to 19600.
19600 will be monthly target and can be trigger on any good news which may come on budget.
Before budget retracement till 17600 will make this breakout more successful.
On the flip side weekly closing below 17600 will change...
Nifty has some support near 17800 level. This is a good place to bounce for the target of 18350.
One day closing above 18350 will take nifty up to 18600.
On the flip side 17600 will act as a strong support.
If close below 17600 this rally will pause.
Chart has all the explanation so please do read the chart well
On the day time frame we have rejection at the lower side of the candle
On a 15 minute time frame it looks like a bearish flag pattern has been formed but with signs of reversal
There could be a reversal in tomorrows session
All the best for tomorrow
Your feedback is highly appreciated
On 12 January Nifty open gap up and whole day it was range bound.
On 13 January result of some IT company will impact the index.
Buy above 18240
Target 18300, 18345
For intraday you can sell below 18150
Target 18080, 18020.
Trading below 18000 will trigger profit booking and we can see intraday correction.
Nifty making a bullish flag on hourly chart.
Trade this breakout target will be 18040.
One day closing above 18050 will take nifty to 18200.
On the flip side nifty is supported by trend line . trading below the trend line will give intraday dip.
Bullish trend support is placed at 17600.
Closing below 17600 will make nifty bearish again.
When it comes to the technical analysis of NIFTY , it is in an uptrend. Right now price is staying near 17818. But it is not a good idea to go long from that price range. And the price is a tad far away from the previous demand area; which means the price is expensive right now. So you should only buy the security if the price pulls back to the previous demand...
Nifty closed strongly this week after a hick up in the middle of the week. Immediate resistances are near 17841, 17944 and 18039 in the near term. The support levels in the near term will be 17593, 17418 and 17388. With so called arrival of ‘3rd Wave’ and exponentially increasing case DIIs, FIIs and Retail investors will remain on a tenterhook. It looks like...
Nifty had to touch 17270 - 17320 levels before any downside move can be expected!
Nifty has been moving in a downward channel the last few weeks and has consistently made lower highs and lower lows.
Nifty on the upside is to have significant resistance at 17320. Any closing above that on a daily time frame is a sign of a new bull run as long as its able to...
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have...
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
Below 16300 further down fall.
Good Morning, everyone. I hope you guys had a great weekend and enjoyed your family time. Let's get back to work and talk about the nifty first. The Index has shifted its intraday range which was valid since 14th Dec, Sentiment is still negative, and Index is falling from every swing high, which is a clear sign that profit booking is continuing. The Index has...