Nifty Chart

Double bottom reversal hit in between high [previous high 27652 ,Fridays high 27661, almost double top now, any GAP up above this level will reach 27753.  138.2% 27760(c) of the swing 27164-25622, Key for further move up to 27980-28117]

Trend line resistance 11309, Swing 9951-10929's 138.2% at 11302; Extended Fibonacci Swing resistance 11330.  So range 11302-11330 will be for profit booking / consolidating before further move.  Hold above 11330 will lead upto 11656-11670(Shorting area)  Risk takers accumulate from 11330 up to 11600 for 10800+  more patient reqd.

nifty chart

 banknifty ready to see27500 key for 27800+

11200 key for 11349+

Nifty Chart

 Nifty support and resistance mentioned

Banknifty support and resistance 

Nifty Chart

Higher high resistance at 10300

Higher high resistance at 27200

Nifty Chart

Cup and Handle , confirmation line at 10800

News letter view - hit 11078 EXACTLY (updated 3pm) - Mid-term Trend line support at 10918, 78.6% of the swing 10925-11078 at 11045. Bulls will lead the rally above 11045(C) only. As per hourly chart Almost double bottom support at 10925 with positive divergence shows Target above 11078 for 11136-11172

nifty chart

key levels for banknifty

key levels for nifty

nifty chart

Nifty Chart

Banknifty support and resistance with bounce back support

expect some bounce back from 10879 cash nifty

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.

nifty Chart

Banknifty Similar PAttern in USDINR

Nifty Almost at breakout point

nifty chart

Both above resistance, expected short covering

Both above resistance, expected short covering

Nifty Chart

26400 and 26600 key levels

10840 and 10739 key levels

Nifty Chart

26100 key level for down trend, breakout above 26700(C)

10550 key for down trend , breakout above 10800(C)

both levels are on closing basis

Nifty Chart

26100 and 26700 key for bears and bulls

10777 and 10500 act as stiff resistance and support for trend change

Nifty Chart

26750 key level for bulls on closing basis

10830 will be key on closing basis for bulls

nifty chart

 10417-10770 swing Exactly reversed from 61.8% EXACTLY on 5/6/2018
10550.9 instead of 10552.45.  So minimum TGT of 10904 [138.2%]
Almost 10893 on 13/6/18 with GAP of 11 points

Bear GAP issued lower side TARGET of minimum 0%
REACHED 14/6/2018 and yesterday also holding that
0% in last three candle 10770
on closing basis


Low 10768 to 10770
Low 10755 to 10777
Low 10767 to 10816

nifty chart

100 points below 26498 to 26392 in intra will be volatility, 26498 to 26448 range may be support for bounce back on bullish case.

close above 10890 will be good for 10949+

Nifty Chart

19/1/18  high 26957 closed 26909 below 26977

02/2/18  high 27017 closed 26451 below 26977

15/5/18  high 26972 closed 26474 below 26977

31/5/18  high 27164 closed 26956 below 26977

01/6/18  high 26996 closed 26692 below 26977 - Key level 27000 for bulls

Triangle breakout confirmation reqd for the above mentioned TGTs

Nifty Chart

Road MAP for intra

Close below 10700 weak

First possible Tgt 10743-751 

from here 10675-665 then complete bounce back for 10717-10723

Hold above 10738 good for 10770

otherwise possible for 10608

As per Fibonacci time  calculation peak out between 26-5-2018 to 30-5-2018. then down fall again for 10000 or more

Nifty Chart

Bullish view : The swing 11171-9951 already sustained above 38.2% [10417] will be good for 61.8%(10705) of 78.6%(10910).  50% of the same swing at 10561.  Close above 10561 must for further upside.  Expected short covering above 10520 for 10561 and fresh long above 10560 for 10705-10910+

Bearish view with 10490 not sustained : Recent H-10637 and L-9951 swing's 78.6% at 10490. 

Nifty Chart

 Key level for upside 25220(C)                   Key level for down side 24900(C)

So key for down side close below 10350 & 

      key for up side close above 10491

Nifty Chart

Double bottom reversal from Banknifty

but upper bottom from NIFTY, So bullish than Banknifty

rest analysis for News letter holders / clients

Nifty Chart

Close above 24000 will be good for further rally

Holds 9950(C) will be good for 10100+

Nifty Chart

Trendline support from 2016 at 24000

Fibonacci / Trendline support at 1003-9980

Nifty Chart

Accumulation range came buy on every dip upto weak below 10076 for 9800-9700

Nifty Chart

Expected move from 9980-9890 for 10400-10500+