NIFTY50 POST MARKET REPORT ON 20-09-22
Hi,
The Nifty50 gap up opened +148 paints and closed +194 with volatile of 175 points. Illustrate the 15minuts chart, from opening to 10.30 AM reached high of 17875 then up to 12 noon consolidation then breakout 17875 reached today high 17919 not sustained above then moving down to 17780 and finally closed 17816. Today most of the traded done above R3 17810.
If draw the Fib retracement levels for the day chart the output of support and resistance levels are as follows.
Resistance- R3-18000, R2-17927 & R1-17868
Pivot – 17827, BC- 17821 & TC 17832 (Narrow CPR) more chances for one side Market.
Support – S1-17785, S2-17734 & S3-17652
If Nifty50 sustained above 17835 the bull remains and move upwards further17900 and 18000
If Nifty50 sustained bellow 17825 it will turn to bear side and ready to retrace the level of 17790 17725 & 17650.
So, we have to be in very careful to watches the above levels and do the successful trade.
Disclaimer: Not SEBI registered advisers. It is my own analysis by my past experience. You may consult with your finance adviser for your action.
The Nifty50 gap up opened +148 paints and closed +194 with volatile of 175 points. Illustrate the 15minuts chart, from opening to 10.30 AM reached high of 17875 then up to 12 noon consolidation then breakout 17875 reached today high 17919 not sustained above then moving down to 17780 and finally closed 17816. Today most of the traded done above R3 17810.
If draw the Fib retracement levels for the day chart the output of support and resistance levels are as follows.
Resistance- R3-18000, R2-17927 & R1-17868
Pivot – 17827, BC- 17821 & TC 17832 (Narrow CPR) more chances for one side Market.
Support – S1-17785, S2-17734 & S3-17652
If Nifty50 sustained above 17835 the bull remains and move upwards further17900 and 18000
If Nifty50 sustained bellow 17825 it will turn to bear side and ready to retrace the level of 17790 17725 & 17650.
So, we have to be in very careful to watches the above levels and do the successful trade.
Disclaimer: Not SEBI registered advisers. It is my own analysis by my past experience. You may consult with your finance adviser for your action.
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