Niftytomorrow
Pin Point Prediction Of Nifty For 23-2-23Hello Traders,
This fall of today was predicted yesterday . To make your trading easy Every day I predict trend and behaviors' of market in form of marking and predictions so that you trading can be easy. For more detail for tomorrow trading can be seen below.
NIFTY VIEWNSE:NIFTY Nifty has given a Break out from falling channel and also taken out the budget day high.
The Break out is not at all convincing since the volume is missing. You can read it from the chart that last couple of days of moves were backed by low volume.
It is rather looking like a short covering. Going forward Volume profile suggest stiff resistance at (18080 -18120) levels.
Caution is advised and it is better not to chase the present up move.
You can see that price is now at 0.618 levels and could face some resistance look for a pullback to 0.786 which is at 17800. A base has also been formed there, Which will also offer a good Risk/Reward
NSE:NIFTY Hourly time frame VCP pattern is completed and given a break out above budget day high. As mentioned above the break out is not convincing. Wait for a pull back.
Good Luck
NIFTY 50 - Sell on RiseThis week started with a gap down opening at 17541 vs Friday close at 17604.
Made low at 17405, though did not sustain at lows, moved up and closed near the day's high at 17648.
The previous support that nifty broke on Friday is going to act as immediate resistance
Currently, nifty50 looks like sell on the rise
Notice price action in the resistance zone and any weak price action would be an opportunity to create short trades.
Trade at your own risk
NIFTY50 TOMORROW (06/01/2023)Hellow Ji,💚💚💔💔
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Today is most Dengerous day for Seller...
bcz of FED METTING out come for not good mode.
So market is brarish.
here The Trade Line is Drown For Tomorrow..
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NIFTY Tomorrow for 6 Jan 2023Nifty 50 opens with a gap at 18087 vs the previous close at 18036.
Nifty immediate was resistance is at 18100-18125.
First Hour Candle did not take out the resistance nor the support, hence waited for further confirmation for new short trades.
Following hour prices did break the immediate support at 18030 and moved lower towards the next support levels around 17850
There is a formation of Cypher pattern on the hourly chart suggesting PRZ around 17900-17880.
Now what's for tomorrow
Today's candle is a bear candle with a long shadow, suggesting buying at lower areas and volatility may also rise.
The market might open flat or gap down tomorrow.
The market is near major demand 17850-17650, and rsi is also near 40 support hence careful with short trade positions, as we might see spikes.
NIFTY 50 for 4 Jan 2023Nifty 50 opens gap down at 18163 vs the previous close at 18197.
Post-opening prices didn't move lower and recovered in the very hour then went sideways only to close near the day's high.
In short, the day was sideways with a positive close.
What's for Tomorrow
Bullish Bias
Flat or gap-up opening
Immediate support at 18160-18180
Sustaining above 18230, nifty can move towards 1850-18380 levels in no time.