The Nifty50 has extended the uptrend for the second consecutive session and given a decisive close above 61 DEMA (Day Exponential Moving Average - around 18,100) with above average volumes, forming a decent bullish candle on the daily charts, making higher high higher low formation for the fourth consecutive session on yesterday.
It also moved above 21 DEMA (placed around 18,080) while taking support at 9 DEMA (18,020). Agar nifty in levels ko sustain kr leta hai to 18200 and 18250 hum log aaj ya monday tak dekh lenge.
kal Nifty50 ne gap up kia tha ish level pe 18,074 and after initial volatility, extended the uptrend as the day progressed to hit an intraday high of 18,184. The index closed at 18,165, up 112 points. kal ki ish rally ko support kia metal, banking and financial services, pharma, select FMCG and IT stocks ne.
Bhai log agar ane wale monday and tuesday ko 18200-18250 bhi sustain ho jata h to asman khul jaega nifty k lie 18400-18500+ lekin han iske global support ki jarurat pdegi well vo to tab ka tab dekhenge..abhi pahle 18250 tak chalte hain.,
kal bhi discuss kia tha ki agar 18050-18075 aye nifty pe to chodna nahi kharid lena qki 18200 to jarur ayega..aur niche support ki bat kru ot 18000 support hai and 17900 strong support hai. abhi ye sab likhte likhte nifty 18063 ka low lgake ab fir se upar aa gya 18116 pe trade kr rha h... to jaisa bola tha same ushi level se buy krke upar nikal gya h..anyway ho skta h W banane k lie fir niche aye to abki bar mat chodna,,mai bhi kharidunga qki analyse done ho gya.
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It also moved above 21 DEMA (placed around 18,080) while taking support at 9 DEMA (18,020). Agar nifty in levels ko sustain kr leta hai to 18200 and 18250 hum log aaj ya monday tak dekh lenge.
kal Nifty50 ne gap up kia tha ish level pe 18,074 and after initial volatility, extended the uptrend as the day progressed to hit an intraday high of 18,184. The index closed at 18,165, up 112 points. kal ki ish rally ko support kia metal, banking and financial services, pharma, select FMCG and IT stocks ne.
Bhai log agar ane wale monday and tuesday ko 18200-18250 bhi sustain ho jata h to asman khul jaega nifty k lie 18400-18500+ lekin han iske global support ki jarurat pdegi well vo to tab ka tab dekhenge..abhi pahle 18250 tak chalte hain.,
kal bhi discuss kia tha ki agar 18050-18075 aye nifty pe to chodna nahi kharid lena qki 18200 to jarur ayega..aur niche support ki bat kru ot 18000 support hai and 17900 strong support hai. abhi ye sab likhte likhte nifty 18063 ka low lgake ab fir se upar aa gya 18116 pe trade kr rha h... to jaisa bola tha same ushi level se buy krke upar nikal gya h..anyway ho skta h W banane k lie fir niche aye to abki bar mat chodna,,mai bhi kharidunga qki analyse done ho gya.
Thankyou please like and follow me for future updates.
Thankyou
Rahul Pal (TradingView Moderator)
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Rahul Pal (TradingView Moderator)
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
Live Market Analysis on YouTube (8:45 AM - 3:30 PM): spf.bio/TArir
Free Telegram: spf.bio/c1lkb
Join Trading Community: realbullstrading.com
WhatsApp: wa.me/919560602464
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.