Nifty 50 IndexLong
NIFTY FOR TOMMOROW -14 Nov 22 - 18 Nov 22
Weekly Chart
Nifty opened this week with a Slight gap @ 18211 vs the previous week's close @ 18157.
During the week it slides lower only to take support at positional levels @ 178950, and bounces from there to close near the week's high.
Week's Candle: Indecisive candle( Hanging man types)
Next week's opening Probability: Gap up or gap down
Volatility: indecisive candles near high suggesting increased volatility.
Positional Support @ 17850- 17950
View: Positive - as long index trades above 17850.
Daily Chart
Nifty 50 opened with a gap of approx 285 points, that's a huge opening controlled by the bulls.
Since Opening prices sustained the gap and moved slowly to the upside and closed near the day's High. i. e 18349.70
Current levels:18350
Immediate support @ 18160-18200
Immediate Resistance @ 18550
View: Buy on a dip near support levels.
Nifty opened this week with a Slight gap @ 18211 vs the previous week's close @ 18157.
During the week it slides lower only to take support at positional levels @ 178950, and bounces from there to close near the week's high.
Week's Candle: Indecisive candle( Hanging man types)
Next week's opening Probability: Gap up or gap down
Volatility: indecisive candles near high suggesting increased volatility.
Positional Support @ 17850- 17950
View: Positive - as long index trades above 17850.
Daily Chart
Nifty 50 opened with a gap of approx 285 points, that's a huge opening controlled by the bulls.
Since Opening prices sustained the gap and moved slowly to the upside and closed near the day's High. i. e 18349.70
Current levels:18350
Immediate support @ 18160-18200
Immediate Resistance @ 18550
View: Buy on a dip near support levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.