#NIFTY
1. Monthly TF:
• Currently the huge upper wick with indicates a strong grip by sellers
• Infact since Sep 2021 NF has failed to close > 17671 on monthly closing basis
1. Monthly TF:
• Currently the huge upper wick with indicates a strong grip by sellers
• Infact since Sep 2021 NF has failed to close > 17671 on monthly closing basis
#NIFTY
2. Weekly TF:
• In our last analysis, it was indicated that 18100 needs to be crossed as sustained for fresh upmove
• However NF made a high of only 17400 in the past week
• It took the resistance of the TL thrice
2. Weekly TF:
• In our last analysis, it was indicated that 18100 needs to be crossed as sustained for fresh upmove
• However NF made a high of only 17400 in the past week
• It took the resistance of the TL thrice
#NIFTY
3. Daily TF:
• In the last week NF closed below 17k on tuesday however that dip got bought into and NF rallied all the way till 17400
• Immediate resistance at 17400
• If it breaks below 16824 this time decisively then more pain can be expected
3. Daily TF:
• In the last week NF closed below 17k on tuesday however that dip got bought into and NF rallied all the way till 17400
• Immediate resistance at 17400
• If it breaks below 16824 this time decisively then more pain can be expected
#NIFTY
4. Hourly TF:
• S/R levels mentioned
• Looking at the US markets. high chances of opening a gap done
• Dnt just blindly short as there could be a scenario of reversal as well
4. Hourly TF:
• S/R levels mentioned
• Looking at the US markets. high chances of opening a gap done
• Dnt just blindly short as there could be a scenario of reversal as well
Conclusion:
1. 17k-18.1k is a 1100 point range that NF has moved in the month of April so far
2. 17k which was a strong support needs to be held on daily CB for bulls to remain in the game
1. 17k-18.1k is a 1100 point range that NF has moved in the month of April so far
2. 17k which was a strong support needs to be held on daily CB for bulls to remain in the game
If you enjoyed this, then do check out my other threads.
I regularly share weekly outlook on indices (NIFTY & BANKNIFTY) and many more threads on trading & finance.
I regularly share weekly outlook on indices (NIFTY & BANKNIFTY) and many more threads on trading & finance.
Loading suggestions...