Saturday, January 2, 2021

NIFTY Analyis January 2021

ANALYSIS 29-JAN-2021

Will 13750 hold support for corrective move atleast?
Upside targets: 14120-14193, 14310


ANALYSIS 28-Jan-2021

Update 2: REACHED 13744. reversal?

Break of 13893 needed for BULLS.


Update 1: 

Can we see some corrective pull back to the upside? Break of 14000 needed first for BULLS.
Bearish targets also given. 




ANALYSIS 27-Jan-2021

CMP: 14153; RES: 14761
If 14761 resists, we can see more fall twoards 13900, 13353, 12910, 12500.

Reversal 1st target 14761 and ultimate target for this up trend is 15450-15820.



ANALYSIS 25-Jan-2021

CMP: 14400; RES: 14555/14765
As long as the above res holds, we can see 14120-14010



ANALYSIS 22-Jan-2021

Below 14121, we can see 13697, 13309, 13017, 12481.
Above 14789, we can see 15492



ANALYSIS 16-Jan-2021

CMP: 14438; RES: 14663; SUP: 14355
As long as 14663 resists, we can see 13834, 13253, 12885, 12311, 11870, 11340.
Initial break of 13834 needed for Bears.

Note:

Analysis 02-Jan-2020

As long as Nifty supported by 13130, we can see 14257, 14936, 15474, 16512, 17276...
Are we going to make bigger correction before reaching the above targets?



Analysis 02-Jan-2020

CMP: 13967; Sup: 13150/10755/7307

Nifty has broken the RSI negative divergence in the weekly chart and growing. Can go to 88.6 before big fall.

Based on the weekly chart,
As long as Nifty supported by 13130, we can see 14257, 14936, 15474, 16512, 17276...



Based on H4 chart,
Support: 13150
If 13150 supports, we can see 14230-14403 first and further 14609-14898.


 


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