Wednesday, July 18, 2018

nifty chart

Tuesday, July 17, 2018

Nifty Chart

Banknifty support and resistance with bounce back support

expect some bounce back from 10879 cash nifty

Monday, July 16, 2018

Nifty Chart

MULTI resistance 27164 and multi breakout support at 26713 either side breakout only move for 500-600 points

Negative divergence on Daily chart at swing Target reached 138.2.  expected sideways to reach 11187

As per lower time frame chart shows, any trade below 11000 will lead nifty towards 10968-10949 range.  Sustained above 11050 will be good for bulls.

Nifty yearly TABLE issued First retracement Target 11078, Recent Swing 10417-10893 first retracement Target 138.2% at 11074, so range fixed for retracement profit booking at 11070-11080.  EXACTLY reached First target of breakout target 11078.  Three consecutive closing below 11078 will lead minimum Target 10893 or max 10711, so wait and watch tomorrow's closing for further move.  There are two choices for target 11187.