Hello everyone this chart technically measured and filtered by team INFINITYX.
POSITIVE:-
1. GOOD GST COLLECTION. 2. RBI REPO RATE 4 to 4.4. 3. Chances to control inflation. 4. LIC IPO. 5. Buy on deep seems to activated.
NEGATIVES:-
1. World market closed negative. 2. Crypto currency’s too. 3. US BONDS raised 12% with in 3 days. 4. FRED should also preparing for rise repo rate. 5. Rising crude oil prices. 6. Rising bond yields too.
CHART PATTERN AND INDICATORS:- 1. Nifty at around strong support. 2. Consolidation zone over. 3. All indicators turned negative on 4 hr and above time. 4. As per our study nifty should turn positive and further positive.
LEVELS FOR WEEK:-
Strong Resistance:- ⬆️16504 ⬆️16965 ⬆️17419.
Strong Supports:- ⬇️16314 ⬇️16046 ⬇️ 15830.
SMART PICK ACCURACY CHECK:- 1. SUNPHARMA SL HIT. 2. PVR SL HIT. 3. GNFC TOWARDS TARGET. 4. ASIANPAINT TOWARDS TARGET.
SMART PICK FOR WEEK:- Go long with. 1. HEROMOTO LTP 2563 TARGET 2907 SL 2421 2. M&M, LTP 893 TARGET 909 SL 862.
Go short. 1. GNFC TARGET AS PREVIOUS. 2. Infy, LTP 1542 target 1300 SL 1610.
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