NIFTY FOR TOMORROW 24th December 2021



On 23rd December 2021 nifty 50 index opening 17066.80 and closed at 17072.60 the high is 17118.65 and low is 17015.55 forming a indecision candle with no much movement, except for gapup movement.

23rd December 2021 post market analysis:

Yesterday nifty closed at 16955.40 and today opened at 17066.80 gapup of almost 111 points with this huge gap actually opened above PDH and S1 so trend should be up but no buyer followup volumes in futures reduced increase in price did not support with proper volumes so reversed banknifty also did not support so nifty reversed tagged 8 EMA and tagged 34 EMA after taking support at 34 EMA bounced back to highs of 17118.65. Today volumes played a major role in market movement. Yesterday told it will be sideways market.

Weekly nifty trend - down (trying to make a pin bar bullish)

Daily nifty trend - closing above 8 EMA and its doji candle

Hourly nifty trend - up trend 22nd December 2:15 pm nifty closing above 8 EMA

Following are the important levels that I have found to  be relevant for tomorrows trading setup;

levels 17122.00 is an important resistance and 17019.20 is an important support

If market opens with a small gap up of 30 - 40 points the nifty will tag 17122 and if nifty sustains above 17122 for 15 mins then all chances to tag 17303.5 still watch before taking trade

If market opens with a small gap down of 30 - 40 points easy index will tag 17019.2 and next support will be at 16969.00

If market opens Gap Up: If big gap up  index is having all the chance to tag 17145.75 if sustained for 15 mins all chances to move up by 100 points and to the next resistance at 17428.50

In case of big gap down look into the above chart before taking any selling trade and analyse.

24th December 2021 can also see a trending day hold for  one hour let the market cool down before taking any trade.

I am not a SEBI advisor this advice is not for trading its only my view and for you its only information for educational purposes only.

Comments

Post a Comment

Popular posts from this blog

Runners above 50 years age

  Often beginners think logistically, its simple, you need a pair of shoes, get out of the apartment and run, yes its very simple. Sometimes physically it can be challenging more than any other sport. Being outside is brain food, running along with nature is a nice rhythm by itself. There are physical hurdles to overcome when the body has cramps or soreness, but resisting the urge to quit a run, or not run is challenging. When you push through these road blocks it makes other areas of life much easier to handle. Running is intense repetitive motion will make your heart and lungs much stronger. However running well has to do with knowing the result you will get from a particular effort. Cadence and stride with proper diet help us to move on growth curve. Running is the best cardio exercise. I met a seriously over weight person she felt like a Rock Star after her 5 kms run. She also has plans to reduce her weight in couple of months down the line. Most of the times running clears off...
Read more

NIFTY FOR TOMORROW - 29th December 2021

Image
On 28th December 2021 nifty 50 index opening 17177.60 and closed at 17233.3 the high is 17250.20  and low is 17161.20. 28th December 2021 post market analysis: Yesterday nifty closed at 17086.25 and today opened at 17177.60 gapup of almost 91 points with this  gap actually opened between S1 and PDH/CPR with a wide CPR so trend should be sideways but good buying volumes in futures pushed nifty to highs of 17250.20 Nifty took support at 15 mins Initial balance and moved up first 15mins was not broken Weekly nifty trend - Last weeks high was 17155.6 and now nifty closed at 17233.3 gradually moving from sideways to uptrend also much above slow EMA but below fast EMA Daily nifty trend - Closed much above fast EMA and still below slow EMA uptrend will be confirmed only if a candle closed above slow EMA Hourly nifty trend - uptrend closing above both slow and fast EMA Following are the important levels that I have found to be relevant for tomorrows trading setup; levels 17268.2 ...
Read more

Nifty for Tomorrow - 31st December 2021

Image
  On 30th December 2021 nifty 50 index opening 17201.45 and closed at 17203.95 the high is 17264.05  and low is 17146.35. 30th December 2021 ie., Today post market analysis: (monthly expiry) Yesterday nifty closed at  17213.6  and today opened at 17201.45 gapdown of almost 12 points with this  gap actually opened at the CPR with a narrow CPR so trend should be sideways beginning of the session bulls tried to push to highs of 17243.2. Just one green candle crossed the level and could not sustain the highs and came down.  There was a chance to earn just below initial balance of 10 points during first 30 mins. Reveresing from 78.6% on FIB for two days. Weekly nifty trend - On weekly chart nifty just tagged 8 EMA(17295.63) but the candle made a high of 17285.95 and reversed its the same as yesterday Daily nifty trend - Daily trend is below slow EMA however it touched the EMA and reversed to form a doji kind of a candle but above slow EMA same as yesterday ...
Read more