rakeshreddym

rakeshreddym Updated 

Trend is bearish trading below daily 50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday. Support are 21950 if sustains below short targets of 21900,21850,21800,21750 Resistance are 22080 if sustains above long targets of...

rakeshreddym Updated 

Nifty formed a doji cadle on daily time frame an indecisive candle and taking support at 50 EMA on daily front. Immeadiate resistance area is 22200-22250 and Immeadiate support area is 22075-22050. Nifty was in rising channle and rejected on top of the channel chances are it will test the low of channel on thursday or friday then we need reacces the price action...

rakeshreddym Updated 

Banknifty closed in red as expected after breaking down the 1 hour timeframe trendline support which is 47950 area, formed a good bear candle and taking support at 20 EMA on daily front.if today day low 47700 area breaks it can test immeadiate support of 47540 area and even lower levels. For tommorow midpoint of today candle which is 47950 area can act as barrier...

rakeshreddym Updated 

Banknifty formed a Gravestone Doji weekly candle which is reversal sign on top of uptrend and on Daily front it formed Inverted hammer candle again bearish one.Immeadiate support is 48250 to 48300 area if that voilates next one is 47800 area opens up. US markets fell almost 5 to 6 percent in past 11 days or so and with Israeal and Iran tensions Our markets are...

rakeshreddym Updated 

Banknifty is in process of making a head and shoulder pattern price rejected from 47400 area if continues and breaks the support of 46950 area it will again test the lowerside levels of 46000 to 45800 about 1250 points.And to otherside of view if 47400 failed to hold and price sustains above upperside it will look to test 48000 and further up. keep checking...

rakeshreddym Updated 

BankNifty is trading in range of 600 points since march 14th only once it gave a breakdown to downside to check lower levels of 46200 and 45800 but somehow held now back again into that consolidation range of 600 points 46800 above and 46550 below are important levels to watch out for good move and good trade probability. 46800 Above Sustains Long Targets of...

rakeshreddym Updated 

Nifty on daily front formed a doji an indecisive candle.21900 undier still bearish, somehow it tried to find support at low of 21700 area today but in any case one more test to it could break that level 21500 can be easily acheivable on lowerside. On higher Higer only above 22000 bulls can be trusted. 21825 Below Short targets of 21765,21715,21700,21650 21950...

rakeshreddym Updated 

BankNifty today closed in tight range for wednesday 46250 below and 46520 above expecting a good move either side which everside it sustains . 46250 Below short Targets of 46150,4600,45900,45800 46520 Above long Targets of 46725,46850,46900,47050 Above mentioned Support,Resistance and Targets can be reversal points please check the price action on those.

rakeshreddym Updated 

Nifty rollercoaster ride one sided move today of more than 500 points from day high to day low. For Thursday Expiry 21900 Support is important and to upside 22050 Resistance is crucial.On daily front Nifty is trading below 20 EMA and approaching 50 EMA (21835) if support 21900 gets voilates it may test that 50 EMA which is 21835 next target to downside is...

rakeshreddym Updated 

Nifty support and resistance levels to trade on tuesday Resistance 22420-22400, Support 22300-22290 areas. Today nifty gave good move after breaking down the level of 22430-22400 area now it will act as resistance.One hour time frame price closed below 50 EMA if opens flat and takes resistance on it expecting nifty to fall further on tuesday to check 22200 to...

rakeshreddym Updated 

Banknifty closed today at important support area it needs held here to resume uptrend if voilates and sustains below it will test 47000 to 46700 areas. to trade bank nifty with support and resistance levles on tuesday are. Support 47200 Below Sustains short targets of 47000,46900,46750,46700 Resistance 47430 Above Sustanins long targets of...

rakeshreddym Updated 

FInNifty expiry 20800 make or break level if held here can resume uptrend 20900(Resistance)a minor hurdle if voilates above and sustains 20960,21000,21060 Targets can be acheived on higherside. Below 20800 (Support) sustains 20760,20710,20650,20600. targets can be acheived on lowerside. Mentioned support,resistance and targets areas can act as reversal points...

rakeshreddym Updated 

Nifty Support and Resistance levels to trade with on monday, as we have very tight range close on thursday only above or below of that range breakout could give you a good move.If it stays in that 100 point range try to play reversal on extremes of that ranges. Ressitance 22535 Break out above targets 22570,22600,22670 Support 22430 Breakdown below targets...

rakeshreddym Updated 

Banknifty support and resistance levels to trade on Monday are Support 47700 Below Sustanis short targets of 47600,47550,47450 Resistance 48025 Above Sustains Long targets of 48150,48250,48380,48450. Support,Resistance,Targets above and below can act as reversal points check price action on them.

rakeshreddym Updated 

Nifty Support and Resistance levels for Monday to trade with. 22320-22300 area is first support to look for if that voilates and sustains ,below support levels may test which are 22250-22160 areas. Upside only 22450 a 15 min candle close can give us some Price action to long or not ,as of now apply buy on dip mode at support with price action on those support...

rakeshreddym Updated 

Banknifty Support and Resistance levels for Monday to trade with 47250 is primary support if voilates and sustains below, immeadiate supports below may test 47100,46900,46700. For upside price needs hover around 47450 area for couple of hours to give us some confidence that bulls are still got upper hand. don't go agrressive buying on top apply buy on dip...

rakeshreddym Updated 

Gold Support and Resistance levels to look for entries as of now current trend is clear downtrend in past week with dollar index on rise more fall expecting this week,Only above 2035-2040 area sustains it will change character to bullish until then sell on rise applies or buy on support levels to target above minor resistance areas (scalping).

rakeshreddym Updated 

Nifty Private bank on weekly front formed Doji candle and on dialy front it is bearish candle no follow through after big bullish pin bar prior day, it means signaling more fall of 200 to 300 poitns downside from curret levels(23430) in comming days.Mentioned Support levels on lower side .In case it proves otherwise placed few Resistance levels on higher side...