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Niftylevels

NIFTY--18700 or 18500 Observations:: ---->> Price is trading in range after opening gap up. consolidation + Bullish = Sell @ Resistance.(18700 Resistance) Consolidation + Bearish = Buy @ Support (Gap may acts as Support.) If price showing bullish pressure towards 18700, wait here for reversal may happens, previous strong fall area. if price comes back to 18450-18500 levels, look for buy. if price breaks 18575 zone retest sell for target of 18500 zone. After break retest in needed to sell. Previous strong resistance may turned to be support @18450 range.
NSE:NIFTY
by IIT-Trader
NIFTY--18700 Or 18200Observations:: NSE:NIFTY ----->> if we see monthly candle it is a strong bearish candle, ------>> If we see weekly analysis , price enters into a zone where previous strong rejection area. we are still in that area , High of that area is 18700.so we will buy up to 18700 area. ------>> If we go for daily analysis , price enters in that area and showing downward pressure, price created a support in the zone @18060 level, while entering in to the resistance area. so that level acts as support and price moved to the resistance zone again with strong bullish candle, and breaks the previous resistance @18460 level. ---------------------------------------------------------------------------------------- Now we can see the clear picture, Case1:: If Yesterday strong bullishness is a manipulation and fake breakout above 18460 level, we are going to sell below 18400 where previous strong resistance, for the target's of 18360-18320,18260,18200 only. while breaking the resistance @ 18460 price created a support @18200 level which is a new support. case 2:: If this is a strong breakout, we have a next resistance @18700 level, we will continue to move in the same direction, but a retracement is needed to go long, after breaking the resistance @18460 levels no proper retracement is not seen. if retracement is done to these levels, 18460-18400 levels and will go for buying above 18460 for targets of 18500,18570-18610 and 18700 levels. @18570-18610 level previously bullishness and bearishness is observed @ same zone. So clearly this week price is ranging above 18200-18700, in the middile we have resistance @18460 zone, if this zone acts as support we go for buying up to 18700 levels, if again acts as resistance will go for selling up to 18200 levels.
NSE:NIFTY
by IIT-Trader
NIFTY--Strong Supply@ 18440-18460 ??Price is exactly closed in the strong Demand zone, which is previous supply zone. if this zone acts as support, price will go up, up to the next resistance @ 18438-18458 range. Résistance + supply zone. = Strong push to downwards may observe. Today's fall is due to previous supply zone @18400 levels, We are left with one supply that is not tested @ 18438-18458 levels. Look here for sell for the target of 18360 and 18260, if price falls below keep in the trade up to 18000 levels. Keep note :: Price may be consolidate between the supply@ 18400 and supply zone @18440 levels, enter on breaking the 18400 and retest of any supply to below levels. If price is not able to break and still in the same range the expiry neutral.
NSE:NIFTY
by IIT-Trader
1
NIFTY-- 18500 or 18000 ??Observations:: Price is clearly closed in the Previous supply zone. If supply acts as demand price is again bullish, we have one more supply zone below @18260 if this pushes the price up again bullish ?? After a strong consolidation price is bearish which is a sign of bullish again to test the supply @18500 levels. consolidation + down move= up side Look for selling opportunity from 18450-18500 zone, falls below 18400 levels, 18400 acts as resistance we can go for sell again.
NSE:NIFTYLong
by IIT-Trader
NIFTY-- 18340 or 18000 -------->> Nifty Moderately turned to be bearish. ------->> Price wants to test the supply @ 18340 levels or continue to fall back to below 18000 levels. -------->> If price tested 18340 levels and below we have a supply zone @18260 level may acts as demand, will again push the price to higher levels. 18120 Level will push the price above 18200,18260 and 18340 level. Keep track this levels. -------->> we have a clear demand zone @18060 breaks will observe a fall till 18000 and 17960 levels.
NSE:NIFTY
by IIT-Trader
NIFTY--Supply acts as Demand@18260??Observations:: --------->> Yesterday price tested the level @18260 level where a strong gap down occurs previously, and again falls back to below 18200 levels. ---------->> we have one more resistance @ 18340 level, if price breaks this level will observe again bullish momentum towards 18450 levels, careful at this level. If facing resistance @18340 levels and 18260 level or 18200 level acts as support more bullishness is observed. Supply Acts as Demand@18260 level. keep track this levels. Key level of support: 18060 and 17960 levels. ---------------------------------------------------------------------------------------------------------------------------------
NSE:NIFTY
by IIT-Trader
NIFTY--Expiry Levels @18160-18340------->>Price is clearly broken the support @18200 level strongly. -------->> we have a previous resistances @18340 and @18260 levels failed to act as support, witnessed that more selling pressure is observed. --------->> now price wants to test which level,18260 level where a strong gap down occurs previously. ---------->> This will again act as resistance, but while breaking 18260 level price leaves a supply zone in the range 18340-18360 range, so today price will test these 2 zones. Key level of support: 18060 and 17960 levels. Note:: Expiry will close in the range 18160-18340 Range. Keep track these levels.
NSE:NIFTY
by IIT-Trader
NIFTY-Trendline-Retest-Gap Down ??Observations:: GAP DOWN opens ---------->> Price broken the trendline and observed a strong fall, and retest is observed at trendline @18340 levels. ---------->> Previous supply zone @18200 level resist the price to go down. If tomorrow price breaks this level, we will observe a strong fall towards 18120,18060 levels. if price again breaks 18200 levels, 18120 level acts as a pullback to 18200 level, at this level previously strong sell off is observed, here (18200-18120) if again strong push to the down side happens price falls below 18060,up to 17960 levels. ---------->> we have an untested demand zone @17960 will push the price upwards again. ---------->> Be careful at (18200-18120) and 18060 levels.
NSE:NIFTY
by IIT-Trader
NIFTY-Today bullish move created to exit the long positions??Observations: -------->>Nifty trending upwards, today it proves that it's a retracement not a reversal sign. -------->> Again showing bullish movement in nifty, witnessed buyers are still in control. today bullish move created to exit the long positions?? why don't we think sooo.... -------->>We suspect that if it is a false breakout in nifty above 18260 level , this time the fall will be below 18060 levels. -------->> At this point 18250 level, sellers are exists by showing a huge gap down , why don't we think of sellers may again push the price towards downside. --------->> If we consider these 2 levels, 18200 or 18100 they are not strong enough to push the price higher, so if price started falling it may clear all these levels, and we have an untested demand zone@17960 levels. NOTE: Is this false breakout above 18260. NIFTY- which level Holds 18200 or 18100 ??
NSE:NIFTY
by IIT-Trader
1
NIFTY--Retracement is to Enter Long Again Not for Sell ??Observations: -------->>Nifty trending upwards (after a huge gap down means not to sell, its a retracement) ---------->>After a strong bullish movement, after breakout from 17800 levels, ----------->>Nifty gives larger retracement towards 18050 levels, this retracement is to enter again long with the momentum upside towards 18300,18500 levels. --------->> consider this an opportunity to enter long from these zones, not to enter for short. --------->>Nifty showing pressure on bearish side, but wait and enter for long here, leaving a demand zone @18000-17960 levels. Be on long side with the movement. NOTE: NIFTY- Bullish from this zone 18000-17960 ??
NSE:NIFTYLong
by IIT-Trader