CMP:1417.25 3 Wave Corrective Pattern Plus Confluence of Break of Trendline POC= 1375 (Likely to be the 1st Target) 2nd Downside Target: 1220-1260 3rd Downside Target: 850-950 4th Downside Target: 600-700 Above 1700 level, Trend may reverse
SGXNIFTY: 16364 NIFTY: 16411 Note: Need to analyze daily time frame because it's very difficult this time to interpret price action on hourly and 15 mins...To be precise it's very difficult to identify the targets Resistance: 16485 (Doji Candle High) Support: 16340 (Doji Candle Low) Upside Target: 16650-16675 (Gap may fill) Downside Targets: 16250, 16150, 16060
CMP:2229.79 Ascending Triangle Pattern Resistance Zone: 2268-2279 Upside Target: 2318-2323, 2373 Support Zone: Break of Trendline Downside Targets: 2207, 2194, 2157, 2110
Symmetric Triangle Pattern Entry on break of trendline Note: Two trendline (one internal) converging at 36020 hence it is an important level plus 36000 psychological level Upside Target: 37050-37125 Downside Targets: 35750-37790, 35530
NIFTY: 17102.55 SGX NIFTY: 16960 (Indicating a gap down opening) Ascending Triangle Pattern Resistance Zone: 17380-17420 Upside Targets: 17520, 17595, 17650, 17745-17770 On downside entry on break of trendline Downside Targets: 16940-16975, 16865-16885 (16865 is 200EMA) For Swing Traders, spinning top candle high 17322 and low 17070 is very important for trend...
CMP:780.60 Head and Shoulders Pattern Below CMP, Downside Targets: 769, 757.20, 748.80 Above 795, I will not trade
CMP:438.85 Ascending Triangle Pattern Resistance:460 Upside Target:475 Support: 420 Below 420 it is weak
CMP:2126.95 "W" Pattern Support: 2100-2110 Below this zone it is weak and personally I will avoid trading HINDUNILVR Resistance: 2200 Upside Target: 2310-2325
CMP:1727.75 Descending Triangle Pattern Support: 1690 Downside Target: 1640-1655 If it breaks the trendline for upside(very low chances)then Upside Targets: 1819, 1836, 1905, 1942,1975
BANKNIFTY: 36044 Trendline Breakout Down Zone to look at: 36310-36850 Downside Targets: 35410, 35050, 34680, 34325, 33730 Note: I will plan upside only if it crosses and sustains above 36850
NIFTY: 17171.95 SGX NIFTY: 17015 Resistance Zone: 17260-17310 Upside Target: 17405-17415 Support: 17050 Downside Targets: 16865-16880, 16870 Note: Be prepared for a wild move guys. Good Luck!
Descending Triangle Pattern Support Zone: 17440-17470 Downside Targets: 17255-17310, 17145-17165, 17020-17045 For upside, entry on upside break of trendline Upside Targets: 17650-17665, 17745-17755, 17835, 17895-17935, 18070-18090
Resistance Zone: 37900-38000 Upside Targets: 38500-38575, 38765 Support Zone: 37260-37335 Downside Targets: 37160, 36680-36790, 36245-36300
Consolidating between 37435-37935 from 6th April to 8th April Resistance: 37935 Upside Target: 38500-38570, 38765 Support: 37425 Downside Targets: 37170, 36680-36790, 36245-36300 Personally, I feel setup in banknifty is better than nifty to trade
Trendline Breakout Support Zone: 17630-17680 Below this zone NIFTY will be weak Upside Targets: 17895, 17930-17950, 18000-18015, 18075-18085 (keeping the targets very close) Now for swing traders, a good strong closing above 18115 is needed for further upside If NIFTY is successful to break that level and sustains it as well then Upside Targets: 17350, 17600
Support Zone 1: 36720-36850 Entry on a retest near support zone 1 for Upside Targets Upside Targets: 37515-37630, 38025, 38350 Support Zone 2: 36195 Entry on breakdown of support zone 2 for Downside Targets Downside Target: 35930-35960
SGXNIFTY: 17705 NIFTY: 17670 Daily Time Frame:1. Marubozu Candle with good volumes 2. RSI=62 3. ADX=15 MT and ST Outlook: Short Covering PCR:1.18 and VIX=18 Support Zone 1: 17530-17550 For upside wait for a retest on the support zone1 Upside Target: 17750-17780 Support Zone 2: 17420-17435 For downside wait...
Media Sector seems little bearish If Market shows bearishness, we can have a good shorting trade in ZEEL Support: 292.5 Downside Targets: 281.5, 256-260