Simple Analysis of Nifty - Support & Resistance

24 feb 2022

Today [24-02-22] candle violated the 200 EMA and Fib level 0.50.

After the steep fall, index may retest the level of 16400 and next key support will be 15850 or parallel channel trendline.

Thanks

25 feb 2022

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Big Question : Will Nifty close above EMA 200 today ?

28 feb 2022

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28-02-22 : Nifty closing above 200 , 16844 will as key resistance.

2 mar 2022

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Reliance & Nifty ; yup !!

3 mar 2022

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continuous rejection from 200 EMA and two GAP to fill !! Let's see !!

3 mar 2022

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Trapped Analysis : Refer chart

7 mar 2022

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