Nifty Positional View for April 20 2023
The current Trend is DOWN and will reverse to UP if LTP @ 15:30 is above 17650
Keep in mind 17710 is a Monthly level and stable above it is necessary for a strong UP Trend.
Use my Weekly levels for Intraday trades.
10:26/35 AM,12:20 PM, and 14:10 PM are essential times for April 20.
Expecting to move down till 10:26 and later slow UP Move till 14:10 and later down. Overall not a trending day if we see a GAP Down.If there is no gap down initial fall will be a fast and a good one to catch.
Past Swings:
=============================================
Start Price, Start Date, End Price, End Date, Move
-----------------------------------------------------------------
16998,29-03-2023, 17-4-2023,17792,794 UP Points
17792,17-04-2023, Cont, Cont, 181 Down points (April 19)
Keep in mind 17710 is a Monthly level and stable above it is necessary for a strong UP Trend.
Use my Weekly levels for Intraday trades.
10:26/35 AM,12:20 PM, and 14:10 PM are essential times for April 20.
Expecting to move down till 10:26 and later slow UP Move till 14:10 and later down. Overall not a trending day if we see a GAP Down.If there is no gap down initial fall will be a fast and a good one to catch.
Past Swings:
=============================================
Start Price, Start Date, End Price, End Date, Move
-----------------------------------------------------------------
16998,29-03-2023, 17-4-2023,17792,794 UP Points
17792,17-04-2023, Cont, Cont, 181 Down points (April 19)
Note
Probable SentimentNote
Trend change time worked well . 12:20 Was expecting a continuity but reversed to come back to sentiment @ 14:10
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.