2 Things - 16927/16985 Support Broken & We're in 2021 Range now
Mis à jour
2 Things happened this week
1. The Support zone 16927 - 16985 is broken finally. This is the 8th Attempt in a Weekly Time Frame. So, it might act as a strong resistance in some near or distant future.
2 The black line, I highlighted earlier in one of my previous posts. Nifty always closed above this line in 2022, and closed below it yesterday. We'll have to see if Nifty closes above this line today or in the next few days.
Ukraine Crisis isn't over yet. What happened today might just be a dead cat bounce. So, careful before you take long positions.
Nifty will touch 15900 levels, and if that's broken, will see 15000 & 14500 levels. And this is negated if Nifty closes above the black line. Please note it's just a prediction, Markets always 'surprise' you.
Good Luck and STay safe.
Disclaimer
- The view expressed here are my personal views. We're not SEBI registered Analysts.
- Always have a STOP LOSS, particularly when you trade options.
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
1. The Support zone 16927 - 16985 is broken finally. This is the 8th Attempt in a Weekly Time Frame. So, it might act as a strong resistance in some near or distant future.
2 The black line, I highlighted earlier in one of my previous posts. Nifty always closed above this line in 2022, and closed below it yesterday. We'll have to see if Nifty closes above this line today or in the next few days.
Ukraine Crisis isn't over yet. What happened today might just be a dead cat bounce. So, careful before you take long positions.
Nifty will touch 15900 levels, and if that's broken, will see 15000 & 14500 levels. And this is negated if Nifty closes above the black line. Please note it's just a prediction, Markets always 'surprise' you.
Good Luck and STay safe.
Disclaimer
- The view expressed here are my personal views. We're not SEBI registered Analysts.
- Always have a STOP LOSS, particularly when you trade options.
- Past performance is not a guarantee for future predictions
- Use this for educational purpose
- Any decision you take, you need to take responsibility for the same
- It's your hard earned money. Treat it wisely
- Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance
- if trading in F&O, understand that F&O trading involves risk
- Do take proper risk management measures
- Do your own analysis and consult your financial adviser if need be
Note
It means Nifty has to close below 16638 today, to confirm we're back in 2021 range.Note
Nifty Closed 16658 today(above the black line). So, it's a wait and watch what happens next week. But Monday's close should be enough to assess.And yesterday's close below this line, we can either see it as an anomaly for now, or as an indication that there will be attempts in future to break this line.
Clause de non-responsabilité
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