Archive Daily Archives: January 29, 2019

Nifty Clues Before Budget Event

We have Important Event of Budget on 1st Feb & before that, today Nifty has hit the critical, BUY turf/area (Buy Zone).

Nifty Clues Before Budget Event

In the above chart, I have tried to show you the same by the angular way, as the actual method, has not been displayed due to security purpose.

There can be BOUNCE, or maybe we can witness, break down also from this point, as an essential point to note here is that this point will give us solid CLUE, till or even after the budget event also it remains safe.

As this is the multi-dimensional view & presentation of analysis, I will make another post & update on this, if we get a breakout from this point.

10500 will be the critical level to watch out, as close below that can show the levels near 10370 / 10245.

Note: Above mention price projection & other Information are for educational purpose only.

Posted by Divesh
January 29, 2019

Nifty Intraday Analysis 29th Jan

As posted in the last analysis: Move towards 10730 / 10690 levels can be seen in this decline, now 10910 will act as resistance followed 10975. Plus, I would like to recall, that we have 11000 level vital weekly resistance, about which I've posted before also in my posts.

Nifty Intraday Analysis 29th Jan

​In spite of gap-up Bullish opening on Friday, bears pulled the market down on the very same day, & Nifty does our both target of 10690.

10620 will act as immediate support, below which move towards 10560 / 10500 / 10410 levels can come & Bulls need to move & close above 10810, for getting the control back in their hand.

Critical Support for today in intraday is at 10620 /10585/10510 & Resistance is at 10690 /10730/10810.

Note: Above mention price projection & other Information are for educational purpose only.

PS - I've recently posted analysis on Bank Nifty, about a short-term trading perspective, which you can merely read by clicking here or by visiting at our site main page.

Posted by Divesh
January 29, 2019