NIFTY--Bullish Gap or Bearish Gap ??Bullish gap left @19200-19250
Bearish Gap left @19670-19700
when this gap be finished....??
if price continuously falls tomorrow it finishes the bullish gap.
If price showing us bullishness tomorrow,19500 will again acts as resistance..
so in order to go upside, price must be consolidates
and has to create a bullish view and retraces back then only, bearish gap be finished.
Note ::
If we observe a strong bullishness again price will break the bearish gap..
Niftylevels
#NIFTY Intraday Support and Resistance Levels - 08/08/2023Nifty will be gap Down opening in today's session. After opening nifty start trading Below 19580 level and then possible downside rally up to 19460 in today's session. in case nifty trades above 19600 level then the upside target can go up to the 19720 level.
#NIFTY Intraday Support and Resistance Levels - 07/08/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19550 level and then possible upside rally up to 19670 in today's session. in case nifty trades below 19500 level then the downside target can go up to the 19380 level.
NIFTY--Liquidity lies @19300 ??The nifty Index, after a strong fall price is given us 50%-60% retracement in Fibonacci.
if tomorrow price wants to fall this is the area that can push the price lower.
the previous resistance acts as support and price moved up again..
Don't go for short side if price breaks the low.... there is an another zone, that can immediately push the price up to trendline.
don't fall in trap here. It gives retracement again then look for sell.. until keep watch the show.
mean while price creates a trendline this area....
look for sell at that for proper targets on down side.
Look for buy on bottom side...after the break of trendline and retest up to 20K.
all the liquidity lies on these lows...that will break and reverses immediately.
Tomorrow again price enters into the consolidation zone....it will not gives us any movement.. slowly moves up and down. No proper direction. option sellers have a chance to grab this.
so keep safe.
Thank you guys for your support.
#NIFTY Intraday Support and Resistance Levels - 03/08/2023Nifty will be FLAT opening in today's session. After opening nifty sustain above 19550 level and then possible upside rally up to 19660 in today's session. in case nifty trades below 19500 level then the downside target can go up to the 19390 level.
#NIFTY Intraday Support and Resistance Levels - 31/07/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19650 level and then possible upside rally up to 19750 & this rally can extend another 100 points if market gives breakout 19760 level in today's session.in case nifty trades below 19630 level then the downside target can go up to the 19520 level. also reversal possible 19750 level.
#NIFTY Intraday Support and Resistance Levels - 28/07/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19710 level and then possible upside rally up to 19820 in today's session. in case nifty trades below 19690 level then the downside target can go up to the 19580 level.
NIFTY--Again 20K ??After a strong fall price is again showing strong bullishness from the zone 19625 levels.
If this is a retracement tomorrow again falls, if its a buyers move it will again reach ATH again.
Until price breaks this level don't go for short...
keep on buy side price will again test ATH levels, Bearish gap left at ATH may fill.
So based on price opening will decide to go long or short.
Note::
If price breaks 19600 levels, it again gives us retracement...then will go for short side...
#NIFTY Intraday Support and Resistance Levels - 27/07/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19800 level and then possible upside rally up to 19920 in today's session. in case nifty trades below 19760 level then the downside target can go up to the 19640 level.
#NIFTY Intraday Support and Resistance Levels - 25/07/2023Nifty will be gap up opening in today's session. After opening nifty sustain above 19670 level and then possible upside rally up to 19790 in today's session. in case nifty trades below 19650 level then the downside target can go up to the 19530 level.
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Nifty Weekly Analysis for Jul 24 - 28🔍 Analysis on Nifty for the Upcoming Week 🔮
Jul 24 - 28
The Nifty index seems to exhibit a bullish trend in both long-term & short-term as well, according to the market structure.
📈 Key Levels to Monitor:
In the upcoming week, it's important to monitor key levels 19190, 19200, 19560, 19990.
🔎My outlook:
The outlook for the upcoming week’s trading suggests a non-directional view (Sideways).
📈 Bullish Scenario:
If Nifty breaks out above the significant level of 19990, supported by a strong and clear daily candle, it could indicate a bullish market trend.
📉 Bearish Scenario:
However, if Nifty breaks down below 19560, confirmed by a strong and clear daily candle, it may signal a decline towards the 19200 level.
📊 Support Level:
As long as Nifty sustains above the support level of 19560, the market can be viewed as bullish.
NIFTY--Liquidity @19700 ??nifty almost touched the 20K level,
before going to break this level it will give us a pullback to 19700 levels, where the liquidity lies on these areas.
if wee see on top we have next resistance @20100 level, and monthly resistance @20170 level.
we have support at 19750-19700 levels,where a strong bullishness is initiated.
if this is the end of uptrend it will test 19400 levels again.
will see on live market what happens.
Thankyou guys for your support.
NIFTY--20K or 19K ??Nifty ::
Today price broken the channel and retested...showing bullish momentum towards upside..
if this momentum continues or reversal takes place....
what pivot points are suggesting us ::
If we see on the Monthly Chart price is broken the R1 with consolidation with a up channel...
Resistance R1 is placed @19440 level broken and reach the R2.
if we see the next resistance is placed @20175...will price really reach the R3.
On bottom side if we see support is located @18700 level...
If we see the weekly analysis price is broken the Weekly-R1, and next resistance is located at 19763 level.
so we have weekly support located at 19400 range...
the next targets for weekly on above side is located at 19765 and 19930 levels.
If we see the daily Levels::
Today price broken the R1 with consolidation...and breaks the R2.
and the next resistance is located @R3=19790 Level,which is weekly Resistance.
so tomorrow we may reach this levels,
so consider them as levels of resistance...
The support is located @19470 range, which is slightly above the weekly support.
the next 2 resistances are 19790 and 19890 Levels.
so, until price breaks this level Support point located at S1,19470 We will not go for short side.
consider today observations::
price is broken the R1 strongly with consolidation...
if this R1 acts as support will be on buyside for targets of R2,R3,R4 as shown in the chart.
if price tests R1 and not able to Break R2, breaks R1, will go for short side with pullback to R1 up to P,S1,S2,S3.
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Here I am using the indicator Pivot point standard
pivots type:: Traditional.
Keep use this on to your chart it's very clear.
All this is useful when ever price broken the ATH, so many traders are requesting how to mark the levels after ATH.
If we want we can also use Fibonacci levels for small targets and small SL points.
just change the settings to type to Fibonacci.
If this information is helpful give me a like by showing your support.
thank you very much guys for your support.