Home nifty prediction for tomorrow BANK NIFTY AND NIFTY ANALYSIS FOR TOMORROW (14/01/2022)
BANK NIFTY AND NIFTY ANALYSIS FOR TOMORROW (14/01/2022)
BANK NIFTY CHART OBSERVATION As we discussed Yesterday if the market could not sustain the level 38780 then our first target will be 38380. If we see today's market, our first target is hit. Today's market resistance is 38850 and support 38400.
TRADE SETUP FOR TOMORROW Don't trade at the beginning of the market, let it make price action. Avoid big gap-up and gap-down. All the levels will work as resistance and support in the chart, hope you will understand. If the market opens flat or small gap down then we will see selling in the first half. If the market break today's low then our first target will be 38090. And the second target will be 37830. And if the market opens flat or small gap-up then we have to wait for price action and break out of today's high. trade with strict SL.
As we can see in a 1-hour time frame bank nifty formed ascending channel pattern. Yesterday we discussed if the market break this pattern then we can see a good move on any side. Today market gave a breakdown in ascending channel pattern. Now we have to wait for tomorrow's bank nifty opening. If the market open gap down then we can see selling in bank nifty DISCLAIMER:- THIS BLOG IS ONLY FOR STUDY PURPOSES.
NIFTY 50 CHART OBSERVATION As we can see in 15 min time frame, nifty formed a double bottom pattern. Today's nifty resistance is 18270 and support 18200. If the market opens flat and breaks the 18270 level then our first target will be 18350 on the upside and 18200 on the downside. All the levels act as resistance and support. If the market opens a big gap-up, then wait for price action. Don't jump into the trade at the beginning of the market.
In a one-hour time frame, nifty formed ascending channel pattern. If it gives a breakout on any side then we will see a good move on any side. wait for a breakout.
TRADE SETUP FOR TOMORROW Don't trade at the beginning of the market, let it make price action. Avoid big gap-up and gap-down. All the levels will work as resistance and support in the chart, hope you will understand. If the market opens flat or small gap down then we will see selling in the first half. If the market break today's support that is 18200 then our first target will be 18120. And the second target will be 18060. And if the market opens flat or small gap-up then our first target will be 18350 trade with strict SL. DISCLAIMER:- THIS BLOG IS ONLY FOR STUDY PURPOSES.
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