Hello Traders, These are the markings which I posted on 6-2-23 to make your trading easy and comprehensive . The detail can be seen below so that you can use in your trading.
Dear All, Just as we had stated yesterday, similarly we did witness some selling pressure in the Market yesterday itself. Wherein, once again even after making a high of 17811.15 in the initial Market hours yesterday, Nifty failed to sustain above its stated Resistance level of 17800 and ultimately gave a closing of 17721.50 Therefore, we can observe the...
Dear All, Finally we got to witness a beautiful week. Moreover, just as we had stated earlier that support = resistance and resistance = support, similarly, the level of 17800 which was earlier a Support is now a level of Resistance for the Market, which was beautifully achieved by Nifty on last Friday. As of now, on a weekly basis we can observe a Piercing...
This week started with a gap down opening at 17541 vs Friday close at 17604. Made low at 17405, though did not sustain at lows, moved up and closed near the day's high at 17648. The previous support that nifty broke on Friday is going to act as immediate resistance Currently, nifty50 looks like sell on the rise Notice price action in the resistance zone and...
the following symobl showing good support holding level ipo based stock if hold and give breakout of trendline expecting good moves keep in watchlist till action started to happen : )
#nifty50 1. Daily Chart Opens with a slight gap Did not sustain Closed near day's low Formed Bear Candle Expectation for tomorrow Gap down or flat opening Sell on rise Resistance @ 18400-18420 2. Hourly Chart LL, LH structure. Immediate resistance 18260 - 18300. Sell on Rise If we see a pull in the initial hour, watch for a sell signal near resistance. There...
Weekly Chart Nifty opened this week with a Slight gap @ 18211 vs the previous week's close @ 18157. During the week it slides lower only to take support at positional levels @ 178950, and bounces from there to close near the week's high. Week's Candle: Indecisive candle( Hanging man types) Next week's opening Probability: Gap up or gap down Volatility:...
Nifty opened with a gap on the downside @ 18044 vs the previous close @ 18157. Since nifty opened below the support area, there were high chances that it going to test the next support @ 17950-17850 and it did. Now tomorrow's opening can mostly gap up or gap down. Immediate resistance @18056- 18035 Support @ 17950-17850 (Positional support Breaking this...
Nifty Opens Gap down Took support around 17950 levels. Closed near Day's high What's for tomorrow The range for tomorrow: is 17950 - 18180 Immediate support 17950- 17940, likely hold the price for a while. Immediate Resistance 18050 - 18070 Above 18100, it could move towards yesterday's high i.e 18160-18180
Nifty opens the gap down below the support of 17500 and moved all the way to 17421-17400 to find the support. It formed a bullish candle at the support indicating strength in the index and moved all the way to 17600 levels. For tomorrow if it opens gap up above 17600, it might move towards 17700-17720. Though if it opens flat or gaps down, it might test 17400...
Nifty opened gap up. Did not sustain the move and closed near its low. Though it managed to open above the support turned resistance zone i.e 15600-15800 and also managed to close above this zone. Now for tomorrow, how the market would open would decide the trend for the rest of the day. Gap down opening- could take nifty towards 15600 levels. Flat opening -...
Understanding trades of nifty future for 02.05.2022 (Monday).
The index open with the gap down and saw a follow-up sell-off as well. It formed a Big Bear Candle, which closed near its low. Now the Same candle would act as a resistance for any bounce if any, however it looks like we might see some more sell-off in the Index and it may extend to 16150 - 16250 levels. Hence it's a sell on rally market, any bounce if comes,...
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.
No trades taken in Nifty on 4th November as the market traded in a really narrow range for the time given for muhurat trading. Nifty 8th November Levels: Buy Above: 17950 Sell Below: 17900 Please LIKE, COMMENT and SHARE to motivate and support me. I'll keep on posting new ideas on Indices & Stocks. Any comments and critiques will be appreciated even if it's...
Important Levels for nifty intraday, UP TRAND. PLEASE LIKE,SHARE AND FOLLOW.............................................
Understanding trends through support and Resistances.
understanding trends through support and resistances.