Here are the levels for nifty to trade tomorrow intraday. Nifty formed a inside candle on daily TF. 17700 is acting as strong support if it breaks then we can see a short covering move downside. and if the price breaks the trendline and the support marked in green colour zone we can see a upside move. on 1Hr TF still the double bottom pattern is valid. and on...
Nifty Resistance is 17800.
Support is Around 17800.
Tomorrow we will see a range bound market between 17700-17800 levels.
Option Buyers must stay out of this.
Sellers are the real player in this type of Market.
Have A Good Day.
Nifty is taking support here, we can see a rally for upside till 17800/17840,,,so buy at current price 17728 ane keep stop loss at 17675 ,, chances are high for upside but follow your trade with strict stop loss because if this will break below stop loss price we can see huge downside but as of now we are looking proper support at our stop loss for intraday..so...
Buy Above - 17780
SL - 17750
Targets - 17810,17840,17880
Sell Below - 17690
SL - 17720
Targets - 17660,17630,17600
PRICE MOVES WITH IN A RANGE BEFORE BREAK OUT PATIENCE IS REQUIRED DURING THAT TIME
Trade Safe & Happy Trading Guys
There is a Supply Zone on Weekly Chart @ 17800-17900 and Supply Zone on Daily chart @ 17850-17900.
There is Demand Zone on Weekly Chart @ 17400-17450 and Demand Zone on Daily Chart @ 16780-17745.
Normally there should be a follow through in price from weekly supply zone but Nifty is taking support from it's daily demand zone.
Also there is a positive RSI...
Nifty is making inside bar today, i expect a goof breakout above 17789 or below 17592. Watch out for these level and take position accordingly. you can use the indicator i have developed to identify insidebar.
Nifty is trading in channel and here on current trading price there is inside channel support for nifty,,we can see a upside for 80 to 100 points trade..so buy at current price 17736 and keep stop loss 17675 and go for up target 17850+,, We can see our target will definitely reach 17850+ once 17800 level will break successfully...
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Broader Markets are showing good signs. Nifty is consolidating and probably attempting BEAR TRAP.
At current price 17715 Risk Reward is pretty good with stop at 17650 on closing basis.
There is probability we will go up to 18025 by end of this week.
Fast move expected above 17850..
on February 01, NIFTY50 has shown a wild ride!
After a positive start of the session, it declined in a massive selling panic to 17353, where it bottomed and set a new low in a possible wave ((c)) of y!
Here, too, it touched the declining trend line, connecting the highs of 18598-18383!
After it reversed and move to 17854 on a closing price!
Here are the levels for nifty to trade nifty for tomorrow intraday. If you open weekly chart the price broke down the 20EMA last week and now the price retesting it. on daily TF the price seems bullish and it is near the 20EMA. on 1Hr TF price made double bottom pattern , and price may or may not break. as on 15min TF we can seen yesterday price moved up and it...