nmcapital44

nmcapital44

The stock is trading near resistance area Immediate resistance is placed at 545 Breaking above the resistance will give a breakout and next level to watch will be 600 However trading below 520 will trigger some selling pressure and 477 level can not be ruled out.

nmcapital44

17500 will act as a strong resistance Support is placed at 17400 17400 to 17500 no trading zone Important support for this bull run is placed at 17200

nmcapital44

Strong resistance at 38200 Support is placed at 37550 followed by 37250.

nmcapital44

The stock is trading within a range from last 2 days 230 is breakout level on daily chart.

nmcapital44

After negative opening banknifty should find support near 36650 This will be an to go long. Breaking below 35500 will attract some profit booking.

nmcapital44

As long as 16800 is holding nifty can reach 17400 level On closing basis closing below 16800 will trigger fresh selling

nmcapital44

On hourly time frame the index giving 2500 up move and 1000 down move run. Based on current high 2500 points up move is done and if this this didn't break we can expect a 1000 points down move.

nmcapital44

Nifty is trading within 100 points, from 16500 to 16600 no trading zone. Breaking out of this range will give direction for further move.

nmcapital44

Banknifty retested the breakout zone a bounce from current level is expected. Breaking below 36300 will reject the bounce. Breaking above 36630 will accelerate up side momentum.

nmcapital44

After sharp up move banknifty is in consolidation from last few trading sessions. I have mentioned all the important levels in the chart. Chart will be valid for this week.

nmcapital44

The index is trading near important support zone which is placed at 33000 level 33000 to 33500 will be no trading zone. Wait for this range breakout for momentum. Up side move above 33550

nmcapital44

Breakdown below 33870 Breakout above 34000. Minimum 400 points move after breakout either side

nmcapital44

The index is trading within 600 points range. The current trading range is no trading zone as direction is not clear. Wait for one 15 min candle to break this range and close out of this range either side. After breakout 500 points move expected.

nmcapital44

The index is trading within 200 points range. Let one 15 min candle close out of this range for breakout confirmation either side. Potential target will be 200 points as it is 200 points range. #nifty

nmcapital44

On 15 min time frame double bottom pattern is visible and breaking above 33620 will activate this breakout. On the flip side below 33000 will reject the setup and we will head towards 1000 points correction.

nmcapital44

On daily chart nifty failed to close above 44 MA. Closing above the MA will trigger strong buying and we can retest previous all time high.

nmcapital44

Weekly breakout levels are - Bullish above 16800 Bearish below 16400 Technical view- On weekly time frame nifty is taking 89 MA support. Candlestick pattern is negative.

nmcapital44

THis is daily chart of banknifty. Fresh breakout only above 36120 As long as trading below 36000 it will be sideways to down.