Niftybank
Nifty view 13/04/22.Nifty has created a gap an has traded in a range.
It took support from its 20ema on daily time frame and 200 ema on 30 minutes time frame.
Support :- 17520, 17425, 17325
Resistance :- 17590, 17670
If the level of 17670 breaks the market will cross ita Resisitance level and 200 ema on smaller time frame.
Wait and watch the price action near the levels.
Just remember to watch for a break out as tomorrow is expire and gaps can be filled.
Banknifty view for 08/04/22.Bank nifty trading in a big range and closed almost flat forming a shooting star candle in daily time frame.
On 15 minutes time frame, it closed below its 20 ema.
Support :- 37374, 37000
Resistance :- 37800, 38000, 38200
Wait for the price action near the levels before entering the trade.
Nifty50 view for 07/04/22.Nifty has consolidated today as expected.
Nifty can be trending tomorrow either side.
Market seems bearish on short time frame and can go down.
It has closed below 20ema on a 15 minutes time frame.
Support :- 17800, 17700
Resistance :- 17910, 18000, 18100
Wait for the price action near the levels.
Nifty In Waves - 6 Apr 2022Hi,
As seen on the chart...we have completed wave 1, wave 2 and wave 3...and currently wave 4 is going on.
It might complete near 17750 , and then we might have the last 5th Wave.
1st Wave got us 540 points.
3rd wave got us 670 points.
So the 5th wave could go till atleast 540 points from the lows of 17750...which gives us a target of around 18300.
We need to be careful around these levels.
Nifty50 view for 29/03/2022Market was volatile today and during the second half gave a up move and consolidated near the resistance zone.
Nify has closed below the 50% of fib levels and Resisitance zone.
Market looks bullish for tomorrow but has remained volatile in 17200-500 range.
Support :- 17190, 17100
Resistance :-17225-30, 17320
Wait for the candlestick pattern to form near the levels before entering the market.