Nifty technical view for 15th March 2024
Hello everyoneđź‘Ź
Today pull back in nifty, but didn't sustain and closed below 22200
OI data - for next expiry support 22k
& resistance at 22250 .. 22300 & up will be next confirmation & below 21900 can fresh sell off. Weekly pcr 0.89 & max pain at 22200
IV down by 5.61 â„… .. It's good volatility
On daily chart price broke trendline & retest.. Rsi going towards bearish territory.. Though it was a pull back but market sentiment still bearish..
In hourly chart its a small bullish candlestick, rsi 45.. 30 min it's cup & handle formation..
For intraday
It's bull flag formation, can again down and heading upside to touch 22216 of 0.5 zone.. As today already price hit 0.382 levels.
Levels for tomorrow
Upside - 22180 - 22230 - 22279 - 22313..
Downside - 22115 - 22040 - 21990 - 21940 - 21905 - 21860
Mixed global cues..
Hit đź‘Š the like button to spread the knowledgeđź“š
All the levels and information given are for educational purposes only. No buy / sell recommendation🙏 DYOA & make decision.
Thank you🙏
Today pull back in nifty, but didn't sustain and closed below 22200
OI data - for next expiry support 22k
& resistance at 22250 .. 22300 & up will be next confirmation & below 21900 can fresh sell off. Weekly pcr 0.89 & max pain at 22200
IV down by 5.61 â„… .. It's good volatility
On daily chart price broke trendline & retest.. Rsi going towards bearish territory.. Though it was a pull back but market sentiment still bearish..
In hourly chart its a small bullish candlestick, rsi 45.. 30 min it's cup & handle formation..
For intraday
It's bull flag formation, can again down and heading upside to touch 22216 of 0.5 zone.. As today already price hit 0.382 levels.
Levels for tomorrow
Upside - 22180 - 22230 - 22279 - 22313..
Downside - 22115 - 22040 - 21990 - 21940 - 21905 - 21860
Mixed global cues..
Hit đź‘Š the like button to spread the knowledgeđź“š
All the levels and information given are for educational purposes only. No buy / sell recommendation🙏 DYOA & make decision.
Thank you🙏
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