Nifty Moving Swiftly taking the support of trend-line. Nifty Moving Swiftly taking the support of trend-line making a HHHL pattern (Higher High, Higher Low). Nifty might face little bit of a technical resistance between today's high 21675 and 21690. Closing above 21690 will open the gates towards 21799 and finally 22K levels. The road towards 22K after Crossing 21799 might not be as smooth as things have been till now.
Supports for Nifty remain at 21599, 21476 and 21373 (Very important and strong support). closing below 21373 can take Nifty upto 21112 or even below 20K levels.
Resistances on the way up for Nifty will be at the zone between 21675 and 21690. Major channel top resistance is near 21799.
Niftylevels
29 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 48600 and takes Support from 48600 then open target for T1-48700, T2-48800,T3-49000
If the Banknifty gap up opening sustains Below 48200 and takes resistance below 48200 then the open Targets for T1-48100, T2-48000,T3-47900
Major Levels 48200,48400,48500
If the market stands in this area of 48200 to 48500 then it is possible that even today the market will remain in the range.
#NIFTY Intraday Support and Resistance Levels -28/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21680 level and then possible upside rally up to 21800 level in today's session. in case nifty trades below 21630 level then the downside target can go up to the 21510 level.
28 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 48400 and takes Support from 48400 then open target for T1-48500, T2-48600,T3-48800
If the Banknifty gap up opening sustains Below 48200 and takes resistance below 48200 then the open Targets for T1-48100, T2-48000,T3-47900
Major Levels 48200,48400,48000
If the market stands in this area of 48200 to 48000 then it is possible that even today the market will remain in the range.
#NIFTY Intraday Support and Resistance Levels -27/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21460 level and then possible upside rally up to 21580 level in today's session. in case nifty trades below 21430 level then the downside target can go up to the 21310 level.
27 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500
If the Banknifty gap up opening sustains Below 48000 and takes resistance below 47900 then the open Targets for T1-47700, T2-47600,T3-47500
Major Levels 47500,47600,48000
If the market stands in this area of 47600 to 47800 then it is possible that even today the market will remain in the range.
#NIFTY Intraday Support and Resistance Levels -26/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21380 level and then possible upside rally up to 21500 level in today's session. in case nifty trades below 21300 level then the downside target can go up to the 21180 level.
NIFTY expecting a Retracement till Monthly Demand.
Price has moved away from the EMA, whenever we have a scenario as such Price retraces to the latest Fresh Demand and we have a Monthly Fresh Demand formed.
We have a Daily Demand exceeded by a Daily Supply hence expecting this Fresh Supply to be the Source of the Downtrend till the Monthly Demand
Amazing Short position can be encashed after a downward confirmation in 4H chart.
#NIFTY Intraday Support and Resistance Levels -22/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21300 level and then possible upside rally up to 21420 level in today's session. in case nifty trades below 21250 level then the downside target can go up to the 21130 level.
22 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap up
After A gap up opening if Banknifty sustains Above 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500
If the Banknifty gap up opening sustains Below 47500 and takes resistance below 47500 then the open Targets for T1-47300, T2-47200,T3-47000
Major Levels 48000,47500,48200
If the market stands in this area of 48000 to 48200 then it is possible that even today the market will remain in the range.
#NIFTY Intraday Support and Resistance Levels -21/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21130 level and then possible upside rally up to 21250 level in today's session. in case nifty trades below 21080 level then the downside target can go up to the 20960 level.
NIFTY--@Golden Zone??After a strong rise price is given us retracement to enter long again....
Price is exactly closed in the golden zone.
there is no sign of reversal....
If consolidation happens at bottom side,
we have more chance of liquidity grab below 20800.
Ma be after clearing that liquidity price goes upside...keep looking for buy if price comes below this level.
If consolidation happens again at ATH, chances of breaking topside is more.
Keep safe before short.
NIFTY prediction for today 20 Dec 23As we discussed, nifty will be forming a double top. It has completed the double top, and 21500 worked a nice resistance. Now, for today, 21500 will be acting as a nice deciding line. If it breaks above and consolidates upside, then it might go higher; otherwise, 21500 might work as a turning reversal point for Nifty.
Reasons:
DOUBLE Top formation is already completed. In the last 30 minutes, there was a lot of pressure from sellers with great power. (Bearish)
Ascending triangle pattern completion is there, which shows the trend might continue.
OI has PCR 0.99, is bullish, and 21400 has quite nice additional PE writing. (bullish)
RSI is 40-60, which means it is mostly sideways.
Price > EMAs(13,50,200) shows bulls are still having market control. (Bullish)
21300 will be providing a nice price action support point.
If it breaks to the upside, 21650 will provide a nice target point.
Verdict:
If it breaks to the upside, Sideways or Bearish might go bullish.
Plan of action:
Observe 15-minute candles and be on the selling side. Follow the analysis.
#NIFTY Intraday Support and Resistance Levels -20/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 21470 level and then possible upside rally up to 21590 level in today's session. in case nifty trades below 21430 level then the downside target can go up to the 21310 level.
#NIFTY Intraday Support and Resistance Levels -19/12/2023Nifty will be FLAT opening in today's session. After opening nifty start trading Below 21400 level and then possible downside rally up to 21280 in today's session. in case nifty trades Above 21430 level then the upside target can go up to the 21550 level.
19 DEC 2023 BANKNIFTY SUPPORT AND RESISTANCE LEVELSHello Guys,
Good Morning everyone,
According to the data today market is going to open gap down
After A gap down opening if Banknifty sustains Above 48000 and takes Support from 48000 then open target for T1-48200, T2-48300,T3-48500
If the Banknifty flat opening sustains Below 47600 and takes resistance below 47600 then the open Targets for T1-47500, T2-47300,T3-47200
Major Levels 48000,47800,47000
If the market stands in this area of 48000 to 47800 then it is possible that even today the market will remain in the range.
#NIFTY Intraday Support and Resistance Levels -15/12/2023Nifty will be gap down opening in today's session. After opening nifty start trading below 21180 level and then possible downside rally up to 21060 in today's session. in case nifty trades above 21210 level then the upside target can go up to the 21330 level.
#NIFTY Intraday Support and Resistance Levels -13/12/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 20920 level and then possible upside rally up to 21040 in today's session. in case nifty trades below 20870 level then the downside target can go up to the 20750 level.