Niftyanalysis
Market Outlook: Perfect Doji of indecisiveness.Nifty again feeling trapped within the support and resistance zones of 17850 and 18200. Nifty tried but was not able to break free. Good news was that major support levels did not break. At global level the investors emotions are also hovering between global recession and soft landing of US economy. There is a hope of US Federal Reserve loosening the Hawkish stance but there is a fear of Bank of Japan becoming more Hawkish. It is a perfect ‘Doji’ on weekly chart again this week, indicating indecisiveness, hope and fear. Reflection of Global mood can also be seen in NIFTY. Hopefully Nifty can break on the positive side this week as there is not much space for indecisiveness left in the squeezing triangle created in the chart.
Support Levels: 17854, 17767 and 17386.
Resistance Levels: 18136, 18187 and 18279.
19/01/2023 BANKNIFTY SUPPORT AND RESISTANCE ZONEHello Guys,
Good Morning Everyone,
According to the data today market gap-Down is going to open
After A gap-Down openaning if Banknifty sustain above 42400 and taking support from 42400 then open target for T1-42600,T2-42800,T3-43000
If the Banknifty after a gap-Down opening make not sustain below 42200 and making resistance below 420000 then the open Traget for T1-41800,T2-41600,T3-41500
Major Levels 42200,42000,42400
Expiry day trade setupHello Traders----As expected in yesterday's analysis index crossed 1st resistance and closed near 18170. next hurdle of the index is at 1250. If we see a negative price action then price may approach toward 18050 and till we are above 18k its a buy on dips. once we fail to hold 18k then we may see the levels of 17900 & 17800 as well. keep the levels in watch and trade safe.
Have a great weekly expiry.
Nifty Wave Count Update and Price ProjectionHello friends,
After C truncation - impulse started and yesterday we got 1 more confirmation of channel breaking.
Here I am posting approximate target of all impulse waves - it is not definite it is approximate
spot nifty
entry
18049
stop loss
17870
exit value
180404.85
Wave 1 = 10 hourly candles
from 17761 to 18049
Wave 2 = 6.2 candles
17870
wave 3 = 16 candles
18627.88
wave 4 = 6 candles
18116.85
wave 5 = 10 candles
18404.85
This is an estimate - subject to change
NiftyHello & welcome to this analysis
In the 15m time frame a Bullish Harmonic 5-0 has been activated indicating the probability of 18075 as a possible level for now as long as it does not go below 17920.
Around 18075-18100 it has a trendline resistance, if that is broken then next resistance would be at 18250 and 18450
Good risk reward set up here
NIFTY50 FOR TOMORROW(17/01/2023)Hello ji,
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Today nifty50 makes lower low pattern .
that not good sing for Indian market.
Here support and Resistance levels drown.
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#Nifty50 Wave Analysis Nifty EV view suggesting small bullish momentum in this time in chart
@17800 a very good support i didn't think the market would break that easily,,,,,,,,,,
And charts and sentiments are also showing bullish
Wave B nearing end,,, my analysis says this time nifty will be ready to touch 18500 level
Wave C ????????????