Nifty chart

banknifty obly after yesterdays high breakout for new high, buy on dip market

expected some proit booking cash nifty 

Nifty chart

 As per Fibonacci and yesterdays closed levels holds 9000 will be good for 9631-9999+,

Any close below 9000 will be negative for 8682, 8411

Nifty Chart

Banknifty maintained bearishness and not even clkose above 23.6% of the current swing20009
yesterday high EXACT, touched and closed below  close above 20050 wiull be good for 22418+



On Daily chart
EMA50 at 9611 [yesterday high 9584]
EMA21 at 9250

in between range 350 points volatility persists
while breakout either side

12430-7511 swing's 38.2% at 9390
so close above this levels should be good for bulls

279-12430 swing's[lifetime] 78.6% at 9829
max reached 9889 and closed 9859 [30/4/2020]
next day major gap down 9533 and make a low 9266 and closed 9293
implies no strength to cross not even 50% of the swing 7511-12430

Even after 20lac Cr relief package market was
not sustained at high and above ema50

check the current swing 9038-7511 exactly reversed at 61.8% and reached
target 138.2% and almost try to reach 161.8%(9983) , actual high 9889
with bear gap of 94 points, always bear gap filled by gap down with 4 times
of the bear gap as a target], Exactly gap down next day with 326 points

EMA21 of RSI14 still maintained bearish sign [below 50]

Nifty Chart

Cash Nifty Bearish patterm breakdown at 9378 with 3 retracements.  any close below 9200 will lead to 9000 first, any +ve stimulation package/lock down release/any +ve news sill keep and close above 9400 will be very +ve upto 9900-10100+,  Any close below 9000 will lead to 8100+


NEgative breakdown trend line EXACTLY touched and returned from 21800.  with the next supports 19060-18351-17368, there is no strength to break the resistances.

nifty chart

Nifty cash and banknifty cash with levels trend only retracement for bounce actual positional trend still weak so be cautious on too much longs.

nifty chart

close above 9562 +ve for 9900+

Nifty chart

Cash nifty levels for intra

Nifty Chart

As per the 7511-9038 swing without retracement at 138.2% crossed with GAP up for

the target 9982.  With the high 9889(Balance +93 points from Friday high for the Target) implied Good support at 9622 and 9038.  Any GAP down below or close below 9600 for 9557-9525

nifty chart

nifty and banknifty levels for intra cash 

Nifty chart

Close below nifty cash will be bearish then buy around support
bearish pattern formed 

Nifty chart

Banknifty and nifty cash levels for intra and for 2 days

Nifty Chart

Nifty and banknifty face some consolidation on bulls side

Nifty Chart

Nifty holds 11873-50(C) will be good for furer up

Banknifty at support for bounce

nifty chart

This pattern is identified when the price action of a security meets the following characteristics: the price falls to a trough and then rises; the price falls below the former trough and then rises again; finally, the price falls again but not as far as the second trough.

https://forextraininggroup.com/keys-identifying-trading-head-shoulders-pattern/

Nifty chart

Banknifty cash Crurrnt swing support at 29800

Nifty cash Weak below 11800  [already issued short from 11952-12098] cmp-11840 from 12034

Nifty chart

11952-12098 some profit booking cash nifty
30665 max cash banknifty levels

current swing and old fibonacci levels are almost at resistance from here at the same place
so opening at resistance may be for profit booking atleast in intra as like yesterday 

nifty chart

Positive sign for nifty and maintain support on closing basis

Nifty chart

Nifty 475 holds or above 700 good move possible

banknifty 28550 holds possible for 30000+

Nifty chart

Banknifty cash will move above 29200 with short covering

Nifty cash ready for a breakout above 610(C) 

Nifty chart

Cash nifty Any +ve close above 11365 will be good for 11444+ in intra and 2-3days for 11600+

Banknifty - cash - Expected short covering above 28180 up to 28460.  Negative breakout line at 28460 and Fibonacci resistance at 28680.  

So range breakout above 28460(Weekly)-28640(monthly) huge move above this numbers.  Fibonacci support 27400 below weak up to long term support  26900

Cluster of support 27760-27456-27124

Cluster of resistance 28220-28720-29206, 29728[Higher high 

resistance]-29850[Fibonacci resistance]