The Zone between 21905 and 21779 can be a support Zone for Nifty as it tried to make a recovery from the area near 50 days EMA which was near 21839. If by chance 21779 is broken the next supports for Nifty will be only in the region of 21614, 21284 or even 20971. Worst case scenario can be 20412 which is a 200 days EMA and the channel bottom. So further steep...
Rising wedge during tops is a bearish pattern and NSE:NIFTY seem to be breaking down from the pattern as seen in the chart. Still there are a few hours to go for close but it closes below the wedge lower line then it would confirm breakdown. At the same time, NIFTY also might close below 20 DMA today which is a good confluence. As per technicals, potential...
Hello traders, As we discussed in our last analysis, the market took resistance from the Resistance zone, and the result was sideways. If we look at the chart data now: The market is taking resistance at the resistance trendline (Why this resistance looks like my last bank nifty analysis). The market is taking support at 22430. the market has touched...
Nifty index is showing straight forward bullishness from the keylevel @from BASE high. Price observed a rally base rally from 21500 levels to 22500 levels. Trendline is also acts as support,to push the price. Now A Lot of liquidity is lies below the trendline and as well as below the double bottom levels at 21800 levels,and also we have a strong demand zone lies...
nifty may have formed a leading Diagonal in 15 min. can be bought in 22290-223110 range with 22258 as stop loss for 22440 or all time high as targets..
Nifty will be gap up opening in today's session. After opening nifty sustain above 22340 level and then possible upside rally up to 22460 level in today's session. in case nifty trades below 22310 level then the downside target can go up to the 22190 level.
BUY ABOVE - 22390 SL - 22350 TARGETS - 22440,22520,22580 SELL BELOW - 22310 SL - 22350 TARGETS - 22270,22230,22170 NO TRADE ZONE - 22310 to 22390 Previous Day High - 22440 Previous Day Low - 22270 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...
All INDEX key levels for March 13, 2024 #Nifty #BankNifty Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the rise of 500 points in BankNifty Here are the key levels to watch for potential entry and...
Head and Shoulders kind of pattern formed on Nifty hourly chart which is not a very good indication for rest of the week. Only saving grace which can support Nifty in this scenario is a trend line and Mid-Channel support which are in the zone of 22302 and 22255. If 22255 is broken and we get a closing below it tomorrow or the day after H&S Break down will be...
Stay ahead of the curve with our daily Bank Nifty key levels! All INDEX key levels for March 12, 2024 Overview: Today's trading session presented significant opportunities within the Bank Nifty index and we executed the trades based on the levels published yesterday on tradingview and we were able to capture the fall of 300 points in BankNifty Here are the...
BUY ABOVE - 22430 SL - 22380 TARGETS - 22470,22520,22580 SELL BELOW - 22350 SL - 22380 TARGETS - 22310,22270,22230 NO TRADE ZONE - 22310 to 22380 Previous Day High - 22520 Previous Day Low - 22310 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 will be gap up opening in today's session. After opening nifty sustain above 22340 level and then possible upside rally up to 22460 level in today's session. in case nifty trades below 22300 level then the downside target can go up to the 22180 level.
Nifty gave a weak closing today below 50 EMA (Mother Line). Which indicates that there can be more downside. However there will be support provided by the Mid-Channel support which is near 22263. If this support is broken further supports might be near 22129 (Trend line Support) or Father Line 200 Hours EMA near 22057. Resistances on the upper side for Nifty will...
BUY ABOVE - 22520 SL - 22500 TARGETS - 22580,22650,22700 SELL BELOW - 22470 SL - 22500 TARGETS - 22430,22380,22350 NO TRADE ZONE - 22470 to 22520 Previous Day High - 22520 Previous Day Low - 22430 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 will be gap down opening in today's session. After opening nifty start trading below 22450 level and then possible downside rally up to 22330 in today's session. in case nifty trades above 22520 level then the upside target can go up to the 22640 level.
Although various local and global Micro news and trends were indicative of Nifty rally fizzling out or making a top a strong undercurrent due to strong Macro factors is continuously providing undercurrent of positive bias to the Nifty and it keeps bouncing after every attempt to sell off. It will be interesting to see how much the Bull-Run can sustain further with...
Technical Data 1.Accumulation Phase of About 1 Year 2.Increased Volume during Accumulation Phase 3.Big Breakout on Weekly TF with Big Volume 4. Retest of This phase is also done 5. Price Respected Breakout zone of 150-155 6. Rejection & Buying Confirmed on Weekly TF Fundamental Data Analysis 1.Company is posting Increased Quarterly Results 2.Fundamentals &...
BUY ABOVE - 22500 SL - 22430 TARGETS - 22580,22650,22700 SELL BELOW - 22430 SL - 22500 TARGETS - 22380,22350,22310 NO TRADE ZONE - 22430 to 22500 Previous Day High - 22500 Previous Day Low - 22230 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...