Niftyindia
CHANCES FOR NIFTY TO FALL ?Only an illustration of market considering a long term in monthly chart.
The big question is will history tend to repeat itself?. The analysis shown here is just a view on the market considering the theory behind the market and also taking into account about the 100ema as well as possible retracements.
This is why the market needs to be approached by a completely neutral position.
React accordingly, catch the big bull if markets collapse to similar levels
NIFTY -25/01/2022 REPORT Hello Traders,
NIFTY@25/01/2022
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Opened as a Gap down, at our Support PDL. Market took the support at S@2 then it was broken our levels (S@1,PDL,Support, Resistance ,IMP). Finally closed above IMP.
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Nifty long term viewAccording to this setup
Closing above 18690 will make nifty more bullish and this previous all time breakout will take it up to 19600.
19600 will be monthly target and can be trigger on any good news which may come on budget.
Before budget retracement till 17600 will make this breakout more successful.
On the flip side weekly closing below 17600 will change entire sentiments.
NIFTY Finally Broke Parallel Channel.Nifty was heading toward a congestion zone from 18300-18500. It had started to create 18350 as major resistance. Need to see if it sustain below the trend line on DAILY BASIS...
When we looked at previous charts, nifty was being held tightly, last few candles showed shallow candles. Now in charts supports have been made, keeping in mind there are few gaps left in nifty and trade causally.
Major even ahead - Annual Budget. Hope the market has not capitalized on such an event.
Happy investing, happy trading.....
Nifty setup for expiry 13/01/2022On 12 January Nifty open gap up and whole day it was range bound.
On 13 January result of some IT company will impact the index.
Trading setup
Buy above 18240
Target 18300, 18345
For intraday you can sell below 18150
Target 18080, 18020.
Trading below 18000 will trigger profit booking and we can see intraday correction.
Nifty trading setup for 10/01/2022Nifty making a bullish flag on hourly chart.
Trade this breakout target will be 18040.
One day closing above 18050 will take nifty to 18200.
On the flip side nifty is supported by trend line . trading below the trend line will give intraday dip.
Bullish trend support is placed at 17600.
Closing below 17600 will make nifty bearish again.
Stance of US FED and Rising COVID19 cases spoil the 18K party.17655 proved to be a good support for NIFTY today amidst aggressive posture by US Fed which sent traders across the globe booking profit. Global markets have tanked FIIs sold today but DII continued there buying from lower levels. Current support zone of 17661 below this level the support is near 17656 and 17593. Below these levels 17492 and 50 EMA which is at 17402 will be support. Resistance on the up side will be 17797 (today's peak) and 17834. Above this level recent of 17944 will test and try to stop upward movement of NIFTY regaining 18K levels.
Nifty closing in on 18KYesterday we had indicated a resistance for NIFTY at 17942 and peak of the day was 17944. Now the resistance could be near 18039 and 18111. Supports on the lower side are 17834 and 17737. Major Support of 50 EMA for NIFTy below which there could be trend reversal and Bears can fight back is near 17388.