Analysis for Newbie's
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For people who are learning to trade.
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As per the option chain data, 25700 can act as support.
πŸ”₯7
Towards 25900
❀6
Strong resistance formation at 25800, 25850 and 25900.
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❀6
Nifty is moving towards the day high 25900 zone.
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Sensex is nearing 85k.
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Nifty is trying to sustain above 25900. All three indices can move towards the next resistance. Nifty 26k, BN 59500 and Sensex 85k.
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Sensex made a high of 85020. Further upside is possible if any of these indices gain strength.
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Nifty - The price can move within day's high/low.
❀6πŸ‘3
Sensex - wait for the trend confirmation.
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Nifty has strong support here at 25700. Opening is bearish. Wait and watch.
πŸ‘3πŸ”₯3
Sensex - marked the levels.
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A small pullback towards 25800. How the price is reacting at 25800 can make or break the trend direction.
πŸ‘10❀1
Nifty can test 25800. Mild bearish/pullback.
πŸ‘6❀2
Nifty - Price should sustain above 26000 - 26020. 26050 will decide the direction.
πŸ‘4❀1
Nifty - the price can test 25980 - 26k zone and move up. Mild resistance is seen at 26050.
πŸ”₯5❀1πŸ‘1
25980 has been broken, now the day's low should hold. Otherwise 25920 - 25940 zone will be tested.
πŸ‘8⚑3❀1
Analysis for Newbie's
Nifty - Price should sustain above 26000 - 26020. 26050 will decide the direction.
Nifty - price made a high of 26056 and was unable to sustain above it. It can once again test 25980. I don't expect big movement. Price will move within the range it has created today.
❀7πŸ‘4