Nifty Prediction for Tomorrow, Jan 2022 with detailed Elliott Wave Analysis of Nifty, probable outlook, important levels and low risk trading strategies. Nifty opened higher at 17913, declined to register low 17879 and then bounced by more than 130 points to register day’s high 18017 before closing 190 points up at 18003. Yesterday, 17681-17519 was immediate intraday support and Nifty was expected to give one more bounce of 420-680 points from support. Close of a complete 30 minutes candle below 17519 could result in decline towards 17153-16833 again. Nifty opened higher and bounced till 17978. Later 17913-17873 was updated as intraday support and possibility for bounce towards 18015-18236 was there.
This nifty prediction for Monday Jan 2022 is based on Elliot wave analysis .Nifty Future is likely to open higher at 17913, declined to register low 17879 and then bounced by more than 120 points to register day’s high 18017 before closing 190 points up at 18003. Yesterday, 17681-17519 was immediate intraday support and nifty was expected to give one more bounce of 420-680 points from support. Close of a complete 30 minutes candle below 17519 could result in decline towards 17153-16833 again.
The Nifty opened at 17913, reached a high of 18017 and a low of 17879 before closing at 18003. The range for the day is 190 points. In the next one year, 17681-17519 and 17153-16833 are expected to act as resistance for this index and 17764-17939 and 17978-18031 will act as supports. Some of the major support and resistance levels are 18017, 18236 and 17685.
Nifty closed higher at 18003. Nifty opened with gap up at 17913 and jumped till 17978 before facing resistance at 18015. Upside was checked and Nifty moved down till 17873. Later fresh buying emerged and nifty jumped above 18000-18015 levels again, it also broke 17999 and settled above to register high of 18017. Overall nifty outperformed for third straight session as it delivered traders total gain of about 200 points in a span of two days .
Today’s Nifty was expected to give another bounce coming up to our support levels of 17978-17873 , Nifty is currently trading at 18003 after a bounce of more than 130 points, any 3 hour closes below our support levels below 17873 can result in decline towards 17107-17068.
Nifty is expected to bounce to 18732 and decline to 17154. We provide an overview of the kind of activity that may be happening in the market and ways to trade it, with several possible time frames for analysis.
Nifty surged to a new lifetime high of 18081 on Tuesday but closed 6 points shy of the record high. The rebound from the 17519 support level and the Nifty50 trading above 18096 indicates that the Nifty is now trading in a range. In such a range-bound trade, one should look to enter positions with a stop loss at least 10 points away. As an example, if you wish to cnc full form in share market
Cnc full form in share market buy near 18090 with a stop loss at 18070, your target would be 18150 with a profit target set at 18300.
