Nifty Intraday Technical Analysis – 24th Jan

As posted in the last analysis: The view is still same 10964 will as act resistance, followed by 11000 level of weekly resistance, and 10849 will act as support.

Nifty Intraday Technical Analysis - 24th Jan

Yesterday, Nifty made the low of 10811, & close below our support level of 10849, which shows the weakness, is still there in the present situation.

Move towards 10730 / 10690 levels can be seen in this decline, now 10910 will act as resistance.

Above I've applied angle on Hourly chart, which will guide us today, during intraday, as holding above that can show again shift in momentum from bear to bull side.

The same chart we posted yesterday also, before market, and we can see High in intraday, was made very close to the angle, which indicated, that bears have upper hand & nifty fell more than 100 pts, in intraday.

Critical Support for today in intraday is at 10820 /10775/10720 & Resistance is at 10850 /10890/10940.

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

Posted by Divesh
January 24, 2019

Nifty Intraday View 23rd Jan

As posted in the last analysis: Nifty still trading near multiple resistance zones, until we are trading above 10849, the Bulls have the upper hand & Bears need to protect EOD close above 10964 for a move towards 11035/11100/11300.

Nifty Intraday View 23rd Jan

Yesterday, was consolidation day, as both High & Low made above & below our suggested levels, we need to wait for confirmation, for ridding the next trending move.

The view is still same 10964 will as act resistance, followed by 11000 level of weekly resistance, and 10849 will act as support.

Above I've applied angle on Hourly chart, which will guide us today, during intraday, as holding above that can show again shift in momentum from bear to bull side.

Critical Support for today in intraday is at 10900 /10860/10800 & Resistance is at 10940 /10990/11085.

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

Posted by Divesh
January 23, 2019

SBI Stock Trend…

Here, is a quick view on stock SBI which is one of the most important stocks of NIFTY 50.

SBI Stock Trend

Today & Yesterday was the critical 'Time Point' for this stock, 290-286, looks the good range from where we may see this stock moving upwards, for at least 3-5% move & the stop loss at 282 on EOD closing basis.

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

Posted by Divesh
January 22, 2019

Nifty Intraday View 22nd Jan

As posted in the last analysis: Nifty is continuously trading in a very narrow range, The view is still same, 10950-10975 is resistance area, followed by 11000 level of weekly resistance.

Nifty Intraday View 22nd Jan

Nifty still trading near multiple resistance zones, until we are trading above 10849, the Bulls have the upper hand & Bears need to protect EOD close above 10964 for move towards 11035/11100/11300.

Above, I've posted the Hourly chart, which I already posted before on Friday, during market hours, on my facebook page.

As per the above chart, Nifty is trading near BUY zone on the hourly chart, holding below the angled line during intraday hours can trigger downside level and weakness in present upside swing.

Critical Support for today in intraday is at 10930 /10890/10830 & Resistance is at 10990/11030/11100.

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

Posted by Divesh
January 22, 2019

Maruti Stock Trend…

Maruti is approaching Critical Buy / Bounce level, holding the range of 7210-7230 can show bounce back & failing to maintain that level can push this stock past to lower more levels from the present situation.

Maruti Stock Trend

Well, the same technique on this stock gave sell opportunity also back in the 3rd week of Dec, the BLUE oval circle displays the same.

This view can be treated in both the ways, one can try to BUY near 7210-7230 levels, or can try to SELL, if it fails to hold the 7210 levels.

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

Posted by Divesh
January 21, 2019

Nifty Weekly Analysis 21-25 Jan

As posted in the last analysis: 10750 will act as a vital support level, below which move towards 10670 / 10550 levels can be seen & 10900 will be significant resistance level above which move towards 10955 / 11035 / 11150 levels can be seen.

Last week, Nifty went below our support of 10750 but failed to knock our 1st target, and later it moved above 10900 and there also it failed to hit any of our targets.

Nifty Weekly Analysis 21-25 Jan
Nifty Weekly Analysis 21-25 Jan

Click on the chart to enlarge

Above, I've posted the Hourly chart, which I already posted before on Friday, during market hours, on my facebook page.

As per that Bulls have taken support from the angle, & moved up, Nifty has formed support in the range of 10840-10860, below that we can see a move all the way towards 10780 / 10720.

Nifty Weekly Analysis 21-25 Jan

Next week 22nd Jan is the critical date, 10965 will act as resistance above that move towards 11030 / 11100 / 11300 can be seen & 10870 will act as support below which move towards 10810 / 10720 can be seen.

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

Posted by Divesh
January 20, 2019

Nifty Intraday View 18th Jan

As posted in the last analysis: Nifty made the high exactly on the angle as the same can be seen in the above chart, the view is still same, 10950-10975 is resistance area, followed by 11000 level of weekly resistance.

Nifty Intraday View 18th Jan

Click on the chart to enlarge

Nifty is continuously trading in a very narrow range, yesterday, we got an excellent chance to sell in intraday, which was updated here with charts on my facebook page.

The view is still same, 10950-10975 is resistance area, followed by 11000 level of weekly resistance.

Critical Support for today in intraday is at 10880 / 10830 & Resistance is at 10960/ 11025 / 11100.

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 18, 2019

Bank Nifty Trading at Critical Angle

At present Bank Nifty Trading at Critical Angle, & today will discuss, what are that important factors which we should keep in mind for upcoming days. 

Bank Nifty Trading at Critical Angle

In our last Bank Nifty analysis, we expected it to take resistance near 26880-950 & 28150-210, but Bank Nifty started showing weakness before that only.

Well, now at present Bank Nifty is hovering around & taking support from important angle line, same seen in the above chart.

Holding, below that angled line, can show us a further drop in the price, of around 500-700 points, and maybe more.

In the present time, Nifty is showing range bound move & Bank Nifty is showing some trending movement, so at present, we are focusing on Bank Nifty index.

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

Posted by Divesh
January 17, 2019

Nifty Intraday View 17th Jan

As posted in the last analysis: 10950-10975 zone will be watching area, as over there next we have next important angle plus, that area is also near to the 11000 level which is strong weekly resistance.

Click on the chart to enlarge

Yesterday Nifty made the high exactly on the angle as the same can be seen in the above chart, the view is still same, 10950-10975 is resistance area, followed by 11000 level of weekly resistance.

Critical Support for today in intraday is at 10860 / 10800 & Resistance is at 10949 / 10999 / 11099.

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

Posted by Divesh
January 17, 2019

Nifty Intraday View 16th Jan

Nifty Intraday View

On Monday Nifty made the low on above Gann Angle & from there we are in steadfast upside move.

Nifty Intraday View - 16012018

Click on the chart to enlarge

Now, 10950-10975 zone will be watching area, plus over there next we have next important angle, that area is also near to the 11000 level which is strong weekly resistance.

Critical Support for today in intraday is at 10860 / 10820 / 10760 & Resistance is at 10911 / 10950 / 10999.

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

Posted by Divesh
January 16, 2019