SCRIPT: NIFTY CURRENT CONTINIOUS FUTURS
Timeframe: Daily
Important Support and Resistance Zones:
Resistance Zone: 23,170 - 23,240 = 70 points (supply zone)
Support Zone: 22,910 - 22,825 = 85 points (Demand Zone)
Today's High: 23,232.60
RSI: 59.08
As per past data, we can observe, price has corrected from mentioned supply zone and importantly when RSI has reached 60 mark on daily timeframe.
Here, there are several factors joining hands to correct Nifty in coming days.
1) Nifty reaching its supply zone
2) RSI near to mark 60
3) Past 4 days Nifty is rising continuous
Takeaway:
Yesterday's Close: 22972.95
Today's Close: 23,191.00
Difference: 259.65
Half the Difference: (259.65/2 = 109.025)
Subtracting from Today's Close: 23191.00 - 109.025 = 23081.975
Now, If price crosses this level in coming days, we can expect further fall in Nifty.
Target Condition: Price must cross 23,081 level in coming couple of days. If so,
Target Price: We will see further correction in Nifty till our Support Zone which is at
22,910.00 - 22,825.00
Expected Time: Approximately 7 to 12 Days from today.
Timeframe: Daily
Important Support and Resistance Zones:
Resistance Zone: 23,170 - 23,240 = 70 points (supply zone)
Support Zone: 22,910 - 22,825 = 85 points (Demand Zone)
Today's High: 23,232.60
RSI: 59.08
As per past data, we can observe, price has corrected from mentioned supply zone and importantly when RSI has reached 60 mark on daily timeframe.
Here, there are several factors joining hands to correct Nifty in coming days.
1) Nifty reaching its supply zone
2) RSI near to mark 60
3) Past 4 days Nifty is rising continuous
Takeaway:
Yesterday's Close: 22972.95
Today's Close: 23,191.00
Difference: 259.65
Half the Difference: (259.65/2 = 109.025)
Subtracting from Today's Close: 23191.00 - 109.025 = 23081.975
Now, If price crosses this level in coming days, we can expect further fall in Nifty.
Target Condition: Price must cross 23,081 level in coming couple of days. If so,
Target Price: We will see further correction in Nifty till our Support Zone which is at
22,910.00 - 22,825.00
Expected Time: Approximately 7 to 12 Days from today.
액티브 트레이드
Update:As mentioned today Nifty Started Corrected.
Can Book Profit Now!!
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.