BUY ABOVE - 23500 SL - 23430 TARGETS - 23600,23700,23800 SELL BELOW - 23370 SL - 23430 TARGETS - 23300,23230,23150 NO TRADE ZONE - 23370 to 23500 Previous Day High - 23500 Previous Day Low - 23370 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
The market is facing an interim correction from today's high (as we can infer the pattern completion in Hourly charts (11-3-&7). It will fall to the areas through the supports as mentioned below, The support will be as follows 23318,23157 & 23,035 (strong)~22960. Apart from these, the coincidental areas can be found between trendlines & retracement as projected...
Nifty moving forward on a Parabolic curve. With no much negative trigger it is inching slowly towards the channel top shown in the parallel channel. When you lie by a sword you also die by a sword. When you move up on a parabolic curve there is also a possibility of a down side on a parabola it the rounding top is formed. So investors have to be careful about this...
As mentioned before the logic remains valid for today. the market is expected to inch higher to the levels mentioned below & after which the correction progresses. The levels RI - 23,526 (1.382 FE) R II - 23,580 ~ 23,598 (TL (mid) Intersection - very strong); a SHORT trade here is rewarding!!! RIII - 23,636 (1.414 FE); highly unlikely to be tested in this...
Hyperbolic formation indicating we are on the edge of the sword. Last time when Nifty saw this kind of Hyperbolic formation markets jumped from 22579 to 23338 and then market fell to 21821 and recovered to make an ATH high of 23490. Similar Hyperbolic formation is seen now indicating similar move on cards for Nifty. We are on edge of sorts where there is a feeling...
BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23370 SL - 23440 TARGETS - 23300,23230,23150 NO TRADE ZONE - 23370 to 23440 Previous Day High - 23500 Previous Day Low - 23370 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty closing at Resistance become Support formation . Wait for rejection at levels in smaller timeframe Bullish > 23420 Bearish < 23330
Nifty has been in sideways since 3 days. If it doesnt stay above this trendline, then expect a drop. Staty safe and happy trading.
Last 4 days the fibonacci resistance and the trend line resistance are stopping Nifty from going ahead and growing ahead. This resistance is at 23338. If we get a closing above this level doors for the next Fibonacci resistance and target will open. In that case Nifty can reach 23450, 23542 or even 23897. In case the resistance acts and blocks Nifty from going...
BUY ABOVE - 23400 SL - 23370 TARGETS - 23500,23600,23700 SELL BELOW - 23300 SL - 23370 TARGETS - 23230,23150,23080 NO TRADE ZONE - 23300 to 23440 Previous Day High - 23440 Previous Day Low - 23300 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
22350 is being protected on daily close basis. For how long will this status quo hold is the big question. Perhaps will hold till Expiry and then there could be a directional move. Big time build up in 23400 calls for this week and puts for next week. So Market could stay below the radar tomorrow and fly after that.
BUY ABOVE - 23300 SL - 23230 TARGETS - 23410,23500,23600 SELL BELOW - 23230 SL - 23300 TARGETS - 23150,23080,23000 NO TRADE ZONE - 23230 to 23300 Previous Day High - 23410 Previous Day Low - 23230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Low of today 23206 is very critical support for Nifty. If that is broken tomorrow or later during this week. It will be a typical sign of a top or double top formation. Indicating weakness which can find Nifty searching for supports. Supports for Nifty from current level are at 23206, 23074, 22995 (Mother Line Very Important support 50 hours EMA), Most critical...
Nifty and Bank Nifty important levels and trade plan for Wednesday, 12th June
BUY ABOVE - 23300 SL - 23230 TARGETS - 23410,23500,23600 SELL BELOW - 23230 SL - 23300 TARGETS - 23150,23080,23000 NO TRADE ZONE - 23230 to 23300 Previous Day High - 23410 Previous Day Low - 23230 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Nifty future and banknifty future analysis and intraday plan in kannada. This video is for information/education purpose only. you are 100% responsible for any actions you take by reading/viewing this post. please consult your financial advisor before taking any action. ----Vinaykumar hiremath, CMT
Nifty after making a new all time high 23411 could not sustain the levels, as the Fibonacci resistance at previous high of 23338 pulled it back. Important resistance levels for Nifty now is the zone between 23338 and 23411. If the Nifty is able to give a closing above 23411 the next resistance will be channel and trend top near 23518. 23518 will be another tough...