Sellers eye will be 11880-11925, though I have posted an update that nifty target is this range.
Next week, I am expecting a very high volatile with 350-200 points negative move. Be careful with the long and +ve thinker of the market.
The Market is going open positive today.
Asian shares were subdued on Thursday after a negative performance on Wall Street.
As mentioned in Srimad Bhagavatam
Jada Bharath was reincarnated as a deer because he was too attached to the deer which he adopted when it was still very young.
SBIN was reincarnated at 250-260 zone as mentioned in the video idea - "Ulta Pulta" and achieved its past life target for 340(Inverse Head & Shoulder Target-Explained in the current...
- Rebound from the upper layer of the weekly channel
- MACD showing weakness
- Negative Volume are on the rise
- RSI is still showing positive divergence on weekly chart, byt negative divergence on weekly chart
- Target of Rs. 250 by September
after 790 is crossed, may hit 910!
its a buy with 650 as stop loss!
Disclaimer:I am NOT SEBI registered, Just trying to learn to predict share price movement. THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
Well Nifty has approached a monthly trend-line resistance. Maybe it will consolidate here for sometimes and then it will start tumbling down. There has been a negative divergence too on daily as well as monthly chart for 3 consecutive peaks respectively. so just observe yourselves and take your trades very cautiously on long side as volume is also declining.
Bank Nifty is losing momentum, elections are going to pay a major roll so keep a look out for poll predictions may cause market volatility.
Possible Trades when BN index touches the levels marked in the chart
Sell BN 31000 CE + Buy 31500 CE May Monthly Contract
Short BN Future May Contract + Buy 2 CE (0.34 Delta) May Monthly Contract