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Niftyindia

After eventful day, Nifty is still look bearish1. Nifty is trading in descending channel, it had almost touched the upper trendline but short covering happened when it went near that trajectory, same level represents resistance zone at 16800. 2. I often use Bollinger Band to asses the pick and the bottom of Nifty on daily time frame, where I observed constant rejection from mid-line of Bollinger band, somehow it is not going above it. 3. Nifty has retraced 50% from the high of 2nd feb. as long as it is below 16800, it is difficult to stay long in the index. expecting index to retest 16400 and 16200 levels again. Excited for tomorrow to see where the nifty weekly candle gets close.
NSE:NIFTY1!
by OK_Rane
NIFTY FOR TOMMOROW - 11 MARCH 2021We are seeing a very sharp movement on the upside from the past 3 trading sessions. Today Index opened the gap -up, but did not sustain the higher levels, saw some sell-off, and closed in red forming a moderate candle( Not very useful) Though one can notice, open and high price is same, and the price is also near strong resistance. i.e 16800-17000. Hence it looks like as long as these levels are resisted, we might see weakness again in the Index if it breaks 16500 levels in the first hour or opens a gap down below it. Levels for tomorrow : Support 16520-16450 Resistance 16760 - 16800 Bullish above 17000 levels
NSE:NIFTY
by manuagarwal21
NIFTY FOR TOMMOROW - 10 MARCH 2021Nifty did take support at the levels I have identified well in advance and bounced well from it. Now the question is, is this bounce/rally going to sustain, well we don't have an answer for that as yet, there are many stocks that have broken their important support and on the other hand, there are some stocks [ IT, Power, Pharma} which started showing strength. Hence considering these factors we might see moves on both sides of the market. It can trade in a wide range and can stay volatile amid Russia's ukraine uncertainty. Now 15800-15600 is going to act as good support, though if it breaks, we could see a massive fall in the index, that can extend to 14450- 14350 levels. Strong Resistance levels are the same: 16800-17000, as mentioned in the previous post. Immediate resistance for tomorrow for intraday traders is around 16360-16400.
NSE:NIFTY
by manuagarwal21
NIFTY DAILY viewNifty currently at a very crucial and important support level. If the channel breaks down the market can see a good downfall from this level On reversal from this zone, we can expect to bounce back to the above zone of 17000 and sustaining above that can lead to 18000. Trade safe. Manage risk. Be profitable. Please follow us for more simple trading analysis and setups. Also let me know in the comment in case you have any queries. Disclaimer :- This is just my view. Please analyze charts yourself and then decide to take any trades.
NSE:NIFTY
by simple_trader2022
Ahem Ahem . Stay away part-4? Umm.....If you had been seeing these charts then you might have come across my previous posts that kinda had taken into account the 3% gapdown and the volatility that followed the last coupla days. Needless to say, the volatility is far from over but for now its business as usual. Now if have some experience in this market as a buyer or as a seller, You have been enjoying and loving every minute of it so to speak. God knows i have, :D. Enough Bloating, back to usual regular shit, though the risks remain persistent one can and SHOULD always fix the money he/she is willing to lose in the market. gotta have an understanding of the risk if you want to the reward. Stay Cautious now, Ignore the news cz markets react faster than them. Have Fun and stay profitable folks.Ciao
NSE:NIFTY
by Sarcastic_Sharma
Closing below 16416 on 25th Feb will activate Bear zone.After mayhem unleashed by Geo-political events Nifty has broken it's 50 days EMA at 17384, 200 days EMA at 16719 and 50 Weeks EMA which is at 16416. Closing below 16416 today that is 25th February 2022 will activate the bear zone in full force. All this points 17384, 16719 and 16416 will work as major resistances now. Below current levels of 16247 Nifty has support around 15935 and 15510. As of Now it looks less likely that Nifty will fall below this zone as of now.
NSE:NIFTY
by Happy_Candles_Investment
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