1. Supports are at about
5815, 5797, 5781 and 5739 while resistances are at about 5857, 5933 and 6038.
The unfilled gaps on the higher/lower side are at about 5858/5682. Four +WWs
can give about 5897 (once above 5833), 5904, 5941 (once above 5834) and 6043
(once above 5901) (+WWs with higher targets are not mentioned as of now). Three
-WWs can give about 5826 (once below 5855), 5767 (once below 5860) and 5739
(once below 5920) (-WWs with lower targets are not mentioned presently). A
weekly bearish flag can give a much lower level unless it gets killed above
about 6012. A daily bullish flag can give a much higher level unless it gets
killed below about 5700.
Nifty rose even after a gap up open and again
closed above 5800 and also above 200sma. The daily an...
2. Likely levels on higher/lower side are
about 6000/5951/5875 and about 5825/5756/5675.
3. Nifty opened up with a big gap thereby
filling up previous unfilled gap on the higher side. It made a higher high but
could not sustain and reacted to make a higher low before closing -ve but above
yesterday's close. The target of first +ww of the first post was met. The daily
candle is like a evening star while weekly candle is like a hanging man. Today
was also a NR7 day but not for nifty fut.
The intraday
chart of nifty spot values with 5 min candles is shown below.
No comments:
Post a Comment