NIFTY CHART
OBSERVATION
- As we discussed yesterday if the Nifty breaks yesterday's low i.e 17880 then our first target will be 17788 and the second target will be 17700.
- We can see in the Nifty chart that both targets were hit.
- The first target was hit in the first half, and the second target was hit in the second half.
- You can see my today's level here which I gave yesterday.
Now let's talk about today's market:
- As we can see in the chart when the market opened we saw a good selling in the first half.
- And Nifty took support from our first target in the first half.
- Then Nifty breaks our first target and hits the second target with strong candles.
- But in the last hour, Nifty took support from our second target and closed below our first target.
Nifty levels for tomorrow:
- If Nifty opens in flat or small gap-down and breaks today's low i.e 17650 or 17700 level with 15 min strong candle then our first target will be 17600 on the downside.
- And the second target will be 17530 on the downside.
- If Nifty opens in flat or small gap-up and breaks the range 17820-17840 with 15 min strong candle then our first target will be 17900 on the upside and the second target will be 17950.
- All the levels in the chart will act as support and resistance, hope you understand.
Trading 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 large gap-ups and gap-downs.
- All the levels in the chart will act as resistance and support, hope you understand.
- If the market breaks today's low i.e. 17650 with a strong 15-minute candle then our target will be 17600.
- And if the market opens flat or small gap-up then our first target will be 17900 and second will be 17950.
- Trade with strict SL.
- As we can see in the one-hour time frame Nifty breaks the ascending channel pattern.
- And we saw good selling after the breakout of ascending channel pattern.
- If the selling continues then our target will be 17400 for long.
Disclaimer:- All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you.
BANK NIFTY CHART
OBSERVATION
- As we discussed yesterday if the market breaks the 38000 level then our first target will be 37830 and the second target will be 37600 or 37480.
- We can see in the chart our first target was hit in the first half and the second target 37600 was also hit.
- You can check my today's level here which I gave yesterday.
Now let's talk about today's market:
- We can see in the bank nifty chart in the first half we see a good selling.
- then Bank Nifty took support from the 38000 level and gave a good selloff.
- And Bank Nifty closed above our first target.
Bank Nifty levels for tomorrow:
- If Bank Nifty opens in flat or small gap-down and breaks 37830 level with a strong candle then our first target will be 37600 on the downside.
- And the second target will be 37480 on the downside.
- If Bank Nifty opens in flat or small gap-up and breaks 38200 level with 15 min strong candle then our first target will be 38400 on the upside and the second target will be 38600.
Trading 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 large gap-ups and gap-downs.
- All the levels in the chart will act as resistance and support, hope you understand.
- If the market opens a flat or small gap-down, we will see a selloff in the first half.
- If the market opens flat or small gap up and breaks 38200 level then our first target will be 38400 and second 38600.
- Trade with strict SL.
Disclaimer:- All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you.
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