AlphaMaverick

AlphaMaverick

16200 will act as a strong support. And 18000 a resistance. Movement towards anyside of this channel will set new trends. Above 18000 nifty might push for newer highs.

AlphaMaverick

A running is seen since a week. I guess we have hit the bottom. 17500 and 17600 has seen huge put writing. Put oi at highest. Similarly 17900 and 18000 has highest call oi so it will be difficult to pass. But i expect within next month we shall see 19000 levels.

AlphaMaverick

Clear bullish flag pattern breakout. Swing trades for 920 to 930 can be initiated .stoploss 902.

AlphaMaverick

Rsi in hourly charts suggest market is over bought. Pcr. Too. So a small correction till 17550 to 17500 can be seen. Which will act as support (pink line on chart).

AlphaMaverick

As pre read. Tata motors came back to fill the gap. Hope for new highs soon. First target 510.

AlphaMaverick

Until and unless a new covid wave hits which may disrupt the pace. We should be seeing 19100 level by jan 2023. After a proper healthy correction nifty looks firm at these level. Slow amd steady is the concept. Market looks healthy. 17500 will be a crucial level. For it will be for the 3rd time nifty will be touching in a month. Lets hope it hold it firmly we...

AlphaMaverick

If this momentum continues. 17500 levels will be tested soon.

AlphaMaverick

Nifty has been trading in a range for a long time. This bounce back may be a small bounce for a greater fall till 16200/16000. However if nifty crosses 17300 on a positive note and with a small pullback gains 17500 to 17700 levels. The trend will be postive and new highs shall be achived.

AlphaMaverick

Nifty should hold over 350 confidently for a move toward 18000. Nifty is in a range right now

AlphaMaverick

Paras def looking good on charts.after a proper correction. It is making a trigular formation. Breaking which at approx 770 levels. 835 targets can be achived. On a longer time frame.

AlphaMaverick

nifty has been making lower lows for the past 3 days. howver its oversold on rsi indications so pull back to 17190 to 17207 (yellow) channel is expected as it will act as a support breaking which 17300 shall be achived. mood is negative though

AlphaMaverick

Nifty is in a strong support zones as it has the points of previous swings. If breaks 17269 strong sell off begins.

AlphaMaverick

tata motors has left a gap in daily charts. it has broken the channel and its expecctd that it will fill the gap, support at 444. tgt 435

AlphaMaverick

im a learner. just sharing my view on nifty daily charts. a good breakdown of head and shoulder pattern observed rsi suggests oversold market. wait and watch recomended.