Hello, all traders today we will discuss .. about nifty prediction for today with multi-timeframe analysis .. and with support, resistance, and trendlines.. also.
so please follow the nifty analysis for today and .. match it with my analysis. I may be wrong or right .. but I have explained all facts .. and levels with logic.
From Past two days I am telling that NIfty is a taking support on its weely timeframe trednline as you can see in the above image the candle formation how the candle looks like it is looking like buyers has pushing market from its higher timeframe trendline that lies on 15500 -15600 and this level worked well market has given good bounce from that level and now market is trading near 15800 .
In yesterday’s session, in Nifty 15800 level worked as stiff resistance and sometimes it has broken and gone till 15820 but it didn’t sustain and fall till near 15750.
At the other side Banknifty did good bounce from its support that is 34600 and sustains this level and gone up till Near 34780.
Now in today session which levels we need to follow for good move .
NIFTY –
as SGX NIFTY IS trading 100 points down and what impacts this on Today NIfty session .
Scenario -1: If nifty holds 15700 for some time it can quick move up to 15750 and till 15780 -15800
Buy Near 15700. target 15750-15800
Scenario -2: If nifty does not hold 15700 for some time so again it may fall till 15650 and 15600
Sell Near 15700. target 15650-15600 and so on ..
Disclaimer:-This all analysis I have done with my experience and my knowledge. I may be wrong or right so try to do your own analysis also for better clarification. The stock market is very risky, it may give you losses also so I will not be responsible for your losses.
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