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Niftytomorrow

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
NSE:NIFTY
by Vasu_devan
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.
NSE:NIFTY
by manuagarwal21
2
NIFTY FOR TOMMOROW -14 Nov 22 - 18 Nov 22Weekly Chart Nifty opened this week with a Slight gap @ 18211 vs the previous week's close @ 18157. During the week it slides lower only to take support at positional levels @ 178950, and bounces from there to close near the week's high. Week's Candle: Indecisive candle( Hanging man types) Next week's opening Probability: Gap up or gap down Volatility: indecisive candles near high suggesting increased volatility. Positional Support @ 17850- 17950 View: Positive - as long index trades above 17850. Daily Chart Nifty 50 opened with a gap of approx 285 points, that's a huge opening controlled by the bulls. Since Opening prices sustained the gap and moved slowly to the upside and closed near the day's High. i. e 18349.70 Current levels:18350 Immediate support @ 18160-18200 Immediate Resistance @ 18550 View: Buy on a dip near support levels.
NSE:NIFTYLong
by manuagarwal21
NIFTY 50 for tomorrow - 11 November 2022Nifty opened with a gap on the downside @ 18044 vs the previous close @ 18157. Since nifty opened below the support area, there were high chances that it going to test the next support @ 17950-17850 and it did. Now tomorrow's opening can mostly gap up or gap down. Immediate resistance @18056- 18035 Support @ 17950-17850 (Positional support Breaking this level, the index could slip further and faster.) I will Buy only above 18060 I will Sell around 18056- 18035, on observing weak candles with strict Sl Volatility will remain High.
NSE:NIFTY
by manuagarwal21
4
NIFTY 50 for tomorrow - 10 November 2022NIfty50 opened with a gap today, you already had an idea of such an opening as I have mentioned in my previous post, that there are high chances of either gap up or gap down opening. Nifty opened above the resistance zone of 18250, though did not sustain the move in the first 15 min and formed the same open high bear candle, making it obvious that it will be moving towards your next support levels @ 18166- 18160. Since nifty50 did not hold the highs in the first 15 minutes and formed a weak candle the same candle high would now act as resistance for tomorrow i.e 18288-18296 Now today's move again suggests either a gap up or gap down opening tomorrow. Now if it sustains 18150 levels, it might test today's high i.e 18296 and if it opens below 18150 or did not sustain the same level in the first 15 minutes, it most probably is moving towards NIfty 50 positional support at 17850-17950. Opening: Gap up or Gap down Volatility: High Support: 18150 and 17950-17850 Resistance: 18288- 18300
NSE:NIFTY
by manuagarwal21