Analysis for Newbie's
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For people who are learning to trade.
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Sensex - 85000 to 85500 range is forming.
πŸ‘5❀3⚑1
All 3 indexes, nifty, bank nifty and sensex are moving inside a range with less trend strength. Analyze all these 3 indexes to get clarity of the trend. As of now, less move, less trend strength.
❀7
Bank nifty is giving a break out and other indexes are nearing resistance.
πŸ‘5❀1
Nifty is testing resistance at the 26120 zone. Sustaining above this can make it move towards 26150 - 26160.
πŸ‘7❀4
26180, then resistance at 26200 - 26220 zone.
πŸ‘6⚑2
Nifty is moving in the range 26100 to 26200. It can test the lower trend line of the channel.
πŸ‘5⚑2
Sensex is testing 85500 support zone.
❀4
Nifty towards 26060 - 26080.
πŸ”₯6❀1
Nifty - Lower trend line test. Still looking bearish, but the movement will be slow.
πŸ‘9❀3
Nifty - The price tested the price shown in the chart. Now I am expecting it to have a pull back to test the lower trend line of the channel.
⚑12❀1
Nifty is moving towards 26k slowly.
πŸ‘13❀1⚑1
Nifty - at crucial level.
πŸ‘5
Will the gap get filled? 25700 - 25740.
❀6πŸ‘2
As per the option chain data, 25700 can act as support.
πŸ”₯7
Towards 25900
❀6
Strong resistance formation at 25800, 25850 and 25900.
πŸ‘10❀2
❀6
Nifty is moving towards the day high 25900 zone.
πŸ‘9❀3