Nifty and Bank Nifty Analysis for tomorrow(19/01/2022)

 NIFTY CHART

OBSERVATION

• As we discussed yesterday if the Nifty breaks the 18200 level then our first target will be 18120 and the second target will be 18060. and also we discussed if the Nifty breaks the ascending channel pattern then we will go long for the downside.
• We can see in the Nifty chart our first was hit and the second target was too close to be hit.
• You can see my today's levels here which I gave yesterday.

Now let's discuss today's market:

1. As we can see in the chart, After breaking the ascending channel pattern we see good selling.
2. Today Nifty took support in the first half from the 18200 level.
3. Then Nifty took support from ascending channel pattern and fell well.
4. And we can see in the chart nifty fill the pending gap also.

Nifty levels for tomorrow:

1. If Nifty opens flat or small gap-down and breaks 18060 level then our first target will be 18000 on the downside and the second will be 17950 on the downside.
2. If Nifty opens flat or small gap-up and breaks 18200 level then our first target will be 18270 on the upside and the second target will be 18350 on the upside.
3. All the levels act as support and resistance in the chart, hope you will understand.

TRADE SETUP FOR TOMORROW 

• Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
• Avoid big gap-up and gap-down.
• All the levels will work as resistance and support in the chart, hope you will understand.
• If the market opens flat or small gap down then we will see selling in the first half.
• If the market break today's low which is 18087 with 15 min strong candle then our target will be 18000.
• And if the market opens flat or small gap-up then our first target will be 18270 and second will be 18350
• Trade with strict SL.

• As we can see in a one-hour time frame, Nifty breaks ascending channel pattern.
• If the market breaks today's low then maybe we can see good selling for tomorrow.

DISCLAIMER:- ALL THE INFORMATION IN THIS BLOG IS ONLY FOR EDUCATION PURPOSES, DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE. IF YOU WANT TO TRADE IN ANY OF THESE, THEN FIRST CONSULT A CERTIFIED INVESTMENT ADVISOR. WE WILL NOT BE RESPONSIBLE FOR ANY PROFIT AND LOSS CAUSED BY YOU.

BANK NIFTY

• As we discussed yesterday if the Bank Nifty breaks the 38400 level then our first target will be 38600 and the second target will be 38770.
• We can see in the Bank Nifty chart, our both targets were hit.
• You can see my today's levels here which I gave yesterday.

Now  let's discuss today's market:

1. We can see in the chart Bank nifty breaks the 38770 level, but it could not sustain.
2. And we saw a good selling in the second half.

Bank Nifty levels for tomorrow:

1. If Bank Nifty opens flat or small gap-down and breaks 38000 level then our first target will be 37830 on the downside.
2. And the second target will be 37600 or 37480 on the downside.
3. If Bank Nifty opens flat or small gap-up and breaks 38400 level then our first target will be 38600 on the upside.
4. And the second target will be today's high which is 38850.

TRADE SETUP FOR TOMORROW 

• Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
• Avoid big gap-up and gap-down.
• All the levels will work as resistance and support in the chart, hope you will understand.
• If the market opens flat or small gap down then we will see selling in the first half.
• If the market breaks major support which is 38000 with 15 min strong candle then our target will be 37830.
• And if the market opens flat or small gap-up and breaks 38400 level then our first target will be 38600 and second will be 38850
• Trade with strict SL.

DISCLAIMER:- ALL THE INFORMATION IN THIS BLOG IS ONLY FOR EDUCATION PURPOSES, DO YOUR OWN ANALYSIS BEFORE TAKING ANY TRADE. IF YOU WANT TO TRADE IN ANY OF THESE, THEN FIRST CONSULT A CERTIFIED INVESTMENT ADVISOR. WE WILL NOT BE RESPONSIBLE FOR ANY PROFIT AND LOSS CAUSED BY YOU.