Hi,
The Nifty50 opened the gap up +105 points and closed +57.50 points with a volatile of 113 points. Formed a small Bearish candle with an upper shadow in the daily chart.
Illustrate the 15-minute chart, opened 17379 crossed R3, and reached today’s high of 17429 but not sustained above this level it’s come down 75 points then up78 then down 82 points then up 74 then down 98 finally closed to today’s low of 17331.
Today’s swing was around 407 points.
The Fib retracement levels are drawn for the Daily chart, the support and resistance levels are as follows for tomorrow’s (07-10-22) trades.
Resistance:
R3-17472, R2-17423- & R1-17385
Pivot & CPR:
P- 17359, BC- 17345 & TC 17372
Support:
S1-17332, S2-17299 & S3-17246
If Nifty50 is sustained above 17380 the bull run will take place and moves upwards further ready to retrace the level of 1425, & 17475
If Nifty50 is sustained below 17300 the bear run will continue and be ready to retrace the level of 17245, 17175
So, we must be very careful to watch the above levels and do successful trade.
Disclaimer: Not SEBI registered advisers. It is my analysis of my experience. You may consult with your financial adviser for your action.
The Nifty50 opened the gap up +105 points and closed +57.50 points with a volatile of 113 points. Formed a small Bearish candle with an upper shadow in the daily chart.
Illustrate the 15-minute chart, opened 17379 crossed R3, and reached today’s high of 17429 but not sustained above this level it’s come down 75 points then up78 then down 82 points then up 74 then down 98 finally closed to today’s low of 17331.
Today’s swing was around 407 points.
The Fib retracement levels are drawn for the Daily chart, the support and resistance levels are as follows for tomorrow’s (07-10-22) trades.
Resistance:
R3-17472, R2-17423- & R1-17385
Pivot & CPR:
P- 17359, BC- 17345 & TC 17372
Support:
S1-17332, S2-17299 & S3-17246
If Nifty50 is sustained above 17380 the bull run will take place and moves upwards further ready to retrace the level of 1425, & 17475
If Nifty50 is sustained below 17300 the bear run will continue and be ready to retrace the level of 17245, 17175
So, we must be very careful to watch the above levels and do successful trade.
Disclaimer: Not SEBI registered advisers. It is my analysis of my experience. You may consult with your financial adviser for your action.