Get started

Niftytradesetup

NIFTY --Strong Support @17840 -17800 ?? or Reversal @17500Note: Strong Support @17840 -17800 will acts as support go long again from this levels to reach 18100,18200 levels. It is recommended to remain on the buy side within the range of 17800-17840, as no significant retracement has been observed after breaking the supply zone at 17840 level. If this level acts as support, weekly expiry is expected to be bullish to consolidation at (18100-18200). Observations: After trending upwards in NIFTY yesterday, today the price continuously moving upwards, They are now poised to reach untested supply zones at 17920-18100 levels. However,, and if any of the previous supply zones act as support, the price could move back upwards.
NSE:NIFTYLong
by IIT-Trader
Nifty--Expiry Levels.Yesterday, the Nifty demonstrated bullish pressure above the significant resistance level of 17800. As a result, it is expected that there will be a swift retest of this level, followed by a price increase. Support range is 17800-17840 levels. However, due to the monthly expiry, the price is currently consolidating within the range of 17960-17800 levels. It is important to keep an eye on the untested supply zone at 17680, which is anticipated to act as powerful demand in the future.
NSE:NIFTYLong
by IIT-Trader
Nifty 50 index: is this breakout sustainable?Greetings Fellow Traders, As we can see in this chart that Nifty was trading inside the Chanel down from past few days and since yesterday price broke that Chanel down and bounced on it few times...but will this be a sustainable breakout for further upside move? Well in my opinion that will be dependent on 17,950 As a resistance it's more prominent than that Chanel down...and for any sustainable upside move price needs to break that area... otherwise downside areas are mentioned in Chart... Good Luck 🍀
NSE:NIFTYShort
by AdilHussain731333
NIFTY- Will reach 18000 by monthly expiry???Observations: After trending upwards in NIFTY yesterday, today witnessed sellers opposes the price moving upwards, They are now poised to reach untested supply zones at 17700-17680 levels. However, buyers may lack the necessary power to push the price higher, and if any of the previous supply zones act as support, the price could move back upwards. It is recommended to remain on the buy side within the range of 17700-17680, as no significant retracement has been observed after breaking the supply zone at 17680 level. If this level acts as support, monthly expiry is expected to be bullish.
NSE:NIFTY
by IIT-Trader
1
NIFTY-Fall again from LH @17760 (Demand acts as Supply) ???The NIFTY index has once again risen, but it has formed a lower high at 17760, which is the same level as a previous demand zone. Interestingly, this same demand zone now appears to be acting as a supply zone, as evidenced by the fact that prices have fallen back to the 17560. If the price manages to break below the 17700 level, which is an internal supply zone, it is likely that this level will once again act as a supply zone, causing prices to fall further below the support levels at 17560-17520.
NSE:NIFTY
by IIT-Trader
1
NIFTY-Will Rise from this Support @17520-17580 range.The NIFTY has broken the previous strong resistance level 17800 If the same level 17800 failed to acts as a support level, so the price fall back to the untested demand zones at 17580 and 17520 level, which are considered strong levels of support. Observations: Additionally, as we have a monthly expiry this week, it is likely that the price will remain within the same range(17960-17500). Overall Trend is Bullish, observed a low is formed by breaking HL at 17730. Note: In summary, the previous resistance level(17800) has been broken and we can expect the price to rise to 17920-17960 ,if the range(17520-17580) acts as a support. However, the presence of a supply zone(17800-17960) and the upcoming expiry may limit the price movement, and we can expect the price to remain within the range of 17500-17900 for this week. GO long: Price breaks 17660 and gives pullback to 17520-17580,go long for targets of 17700,17800,17960.(Keep on buy side.) GO Short: price broken 17520 and retests to 17580 level act as Resistance go short for downside target of 17450. Keep an eye @ 17700 level where Buyers and sellers exchange.
NSE:NIFTY
by IIT-Trader
1