NIFTY CHART
OBSERVATION
- As we can see in the chart, today Nifty consolidated in a range.
- So our targets were not hit.
- But these targets will work for tomorrow.
- In the option chain, 17400 is good support and 17500 is the resistance.
Nifty levels for tomorrow:
For Upside:
- If the Nifty breaks the 17500 level with a 15 min strong candle then our first target will be 17600 or 17650.
- Or if the Nifty opens a small gap-down or flat and breaks today's high which is 17477 then our first target will be 17600.
- And the second target will be 17727.
For Downside:
- In my opinion, I'll trade when Nifty gives a strong breakout below the 17300 level.
- Then our first target will be 17117. (Mark this horizontal line in your chart also.)
- And the second target will be 17044. (Mark this also in your chart.)
- For small target(If the Nifty gives a breakout below 17370 level in the first half, then our small target will be 17300 with strict SL. And for risky traders, the target will be 17270. )
- Trade with strict SL for expiry day.
NOTE:
- Please share our website with your friends and family and on social media also.
- If you do then we will upload daily technical analysis on some stocks. Like swing trade stocks, Intraday stocks, Resistance and Support stocks.
Trading setup for tomorrow
- Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
- Avoid large gap-ups and gap-downs.
- All the levels in the chart will act as resistance and support, hope you understand.
- If the market opens flat or small gap-up then our first target will be 17600 and the second will be 17700.
- Trade with strict SL.
Disclaimer:- All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you.
BANKNIFTY CHART
OBSERVATION
- As we said yesterday in (Trading setup for tomorrow) section If the market opens flat or small gap up and makes 15 min strong candle above the 38000 then our first target will be 38400 and the second target will be 38600.
- We can see in the chart our 38600 target was hit.
- But our 38850 target was not hit, because the market is consolidating in a range.
- But these levels will work for tomorrow.
BankNifty levels for tomorrow:
For Upside:
- If Banknifty breaks 38770 to 38850 level with 15 min strong candle then our first target will be 39200 and the second target will be 39400.
- Make these levels in your chart also.
- Trade with strict SL.
For Downside:
- If the BankNifty breaks the 38400 level with a strong candle then our first target will be 38200 or 38000.
- And the second target will be 37800.
- More targets are given in the chart.
NOTE:
- Please share our website with your friends and family and on social media also.
- If you do then we will upload daily technical analysis on some stocks. Like swing trade stocks, Intraday stocks, Resistance and Support stocks.
Trading setup for tomorrow
- Don't trade at the beginning of the market, let it make price action or wait for 5,15 min candle.
- Avoid large gap-ups and gap-downs.
- All the levels in the chart will act as resistance and support, hope you understand.
- If the market opens flat or small gap up and makes 15 min strong candle above the 38700 then our first target will be 39200 and the second target will be 39400.
- Trade with strict SL.
Disclaimer:- All the information on this website is for educational purposes only, please do your own analysis before taking any trade. If you wish to trade in any of these, consult a certified investment advisor first. We will not be responsible for any profit or loss caused by you.
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