Nifty, the of Monday was needed to be filled in three days, Yesterday there was golden opportunity but bulls failed despite the canvas supporting them. The head winds on negative news continues to mount and this is the underlying theme. Bulls remain adhoc, while bears remain sticky. The comments from FED officials on being behind and 50 now is officially the...
Nifty 50 Index entered a second straight day of pullback on Thursday, rebounding 400+ points in two days. Strength in IT stocks along with heavyweights Reliance and the HDFC twins aided the up move. The Nifty50 has formed a long bull candle on the daily chart, confirming a bullish reversal pattern for the short term (follow up move after forming a ‘bullish harami’...
could come to retest the breakout support after hiting the resistance zone.
Major support and resistance of nifty 50 on hourly chart
First Step of a successful trader is to build a Trade plan & review what he has done. This is my Trade Journal . (education purpose for all ) Trade plan Nifty 50 : Trend is Down - Sell on rise ( see video for details ) Jai Hind. Disclaimer : This video is only for educational purposes. Please consult your financial advisor before you take any trade
I have provided key levels for nifty. This can act as support and resistance accordingly. Since we have volatility contraction today(side ways whole day), we can expect volatility in next trading day( 21st April 2022) and can move in any direction. Disclaimer: This is for educational purpose only. Any buy or sell is not recommended. Please do paper trading before...
HEY FOLKS,WE ARE ANALYSING NSE:NIFTY TODAY Lets Look AT What's Happening in Market Selling got accelerated when it moves down away from trend line. And the Next day market got gap up and stabilize whole day and Forms bullish harami pattern And today gives a up moves As already said 17000 was an important Support level. So one could take a bullish bias. But...
Nifty have a very good systematic triangle pattern in top of 1d timeframe if you ignore the fake brakeout because that is a V shape recovery after go downside so its a fake brakeout . I hope it will break after weakly expire . If nifty break the upper level which is 17940 then we may see a bulish candle in nifty but to enter we need a re-test in nifty because we...
It was a great day for indices today as Nifty made a high of 17414 and ended the day at 17392 which is much about 50 day EMA which was at 17283 which will be a major support now. Supports ahead are: 17283, 17028, 16849. Resistances ahead are: 17414, 17562, 17669.
Nifty Support and Resistance Nifty Support and Resistance
Reliance, along with other heavyweights, helped Nifty close a smudge away from 17,400 in today's session. I feel the Q4 earnings season might give Nifty the boost it may require to pick a direction. What's your view?
Even though the market has today broken the resistance in 15 min time frame and performed very well but still we need to take things with pinch of salt.AS market may form reverse head and shoulder patterns and also move toward fib level (0.50). but if this pattern does not form then there are heavy chances that the market may become ready for higher-level (i.e...
NIFTY is in channeled uptrend and completed 3 waves up. It has to complete its 4 th wave correction upto 17560 as ABC zigzag . this is 2nd confirmation for buying set-up, where 3 confluence of support lines coincides Buy after wedge break-out on Friday(08/04/22). for a solid bull run of 5 waves as c5 to take our nifty once again to the resistance zone near 18500
After a sell off, we are heading towards 17777. Target can be achieved before 27th april. This level 17777 will prove an important turning point for future trend.
Nifty Important Levels , Hope Nifty Follow the Trend Line.. Waits for the breakouts