Wednesday, December 04, 2024

Nifty CHART


CASH  Nifty 24457.20


The recent swing exactly bounced from 61.8% 

Indicates for minimum 38.2% of 23.6% 

Already closed above 38.2% implies a good support range of 24370-24300

for the TARGET 25098-25105 range.  


nifty analysis, nifty, nifty chart, NSE, rsi, MACD, EMA, Candle stick, Fibonacci, Trend, TRADING

Monday, December 02, 2024

Banknifty Analysis


 BANKNIFTY CASH 52055.60


Banknifty Support 51900 for 52918+

Traded below 51900 will lead to a negative zone for 51700 and 51300


last 4-5 hours on closing basis bank nifty protected by 51900 on closing basis




Nifty Analysis




NIFTY 24131.10 [Cash nifty NSE]

 LATEST swing generates resistance at 24163 for 24570+

Good support at 23897 for 23763


As per Fibonacci, 180% may be stiff resistance, So sideways with negative bias 

for the whole day

MACD suggests that support for any trade below 24000 will lead to next support 23897 and 23763


Negative divergence on the daily chart also, so any holding long will protect with proper / convenient Stop loss