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Nifty Prediction & Analysis [12 Aug 2021]Nifty50 Prediction and Analysis For Tomorrow
Nifty50 Spot Levels to watch out for trading on 12th Aug 2021
Long Opportunity:
1. Price breaks out of 16295 and retests the level again is a good support to go long
Short Opportunity:
1. If Nifty Opens with a flat note then wait for the upward trendline to break near 16280 and show rejection.
Once broken and the candlestick shows rejection near 16280 levels, then that area will be a good shorting zone.
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Nifty50 Prediction & Analysis [10 Aug 2021]Nifty50 Spot Levels to watch out for trading on 10th Aug 2021
Long Opportunity:
1. Price breaks out of 16325 and retests the level again is good support to go long
Short Opportunity:
1. Gap down opens below 16175 and stays below 16175 for some time and retested back the 16200 levels is a good resistance zone to short Bank Nifty.
2. If Nifty Opens with a flat note then wait for the upward trendline to break near 16290.
Once broken and candlestick shows rejection near 16290 levels, then that area will be a good shorting zone.
Visit utube for Video Explanation: Akme Analytics
Nifty50 Prediction & Analysis [09 Aug 2021]Nifty50 Spot Levels to watch out for trading on 9th Aug 2021
Long Opportunity:
1. Price breaks out of 16280 and retests the level again is a good support to go long
Short Opportunity:
1. Gap down opens below 16200 and stays below 16200 for some time and retested back the 16200 levels is a good resistance zone to short Bank Nifty.
Visit utube for Video Explanation: Akme Analytics
NIFTY FOR TOMMOROW - 18 June 2021Nifty opened gap down today, it tried to fill the gap it created today, but couldn't sustain at higher levels and closed almost where it opened today.
If you see the today's candle formation, its like a inverted hammer candle, but the structure of the candle is of lower low and formed after gap, hence not very important for support purposes.
Now what for tomorrow ??
If we see the previous price action, prices did close at the critical support , it is the area from where the price bounces various times, so we need to be careful while creating new short positions.
So for tomorrow, considering today's closing , I am expecting nifty might open flat or gap down and if opened as per expectation, and sustains below 15700 - 15750 it might test support zone of 15630-15580 and only decisive close below this level could exaggerate selling in the index and could move uptill 15400 levels.
Supply zone : 15700-15750
Demand zone : 15630-15580
Nifty Future Nifty Future looking bullish
One can go Long now or in dips with stoploss of 14990
All the key levels are mentioned in chart with Stop-loss and Targets
Key Levels
Upper Bollinger
Macd in daily positive
Macd in hourly positive
Adx in daily positive
ADX in hourly positive
Rsi in daily above 60
Rsi in hourly above 60
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing