1) Price approaching multipoint support
2) Price approaching 200DMA
3) High volume on 26Apr2021 with no major follow up
4) High volume low and 200DMA price level is almost same. So possibility of high volume area test along with 200DMA support test
5) Quarterly results on 19July2021
Keep this on your radar. Can be a possible candidate for short term positional...
Globus Spirits (GLOBUSSPR) has taken support at the 200DMA which is also a price support. The stock seems to be reversing at this zone. Low risk longs can be initiated for Fibonacci targets of 343/373/425.
Looking at the above Daily chart of the Nifty 50 index, it is clearly observable that the index is in an uptrend. Not just that, the 50DMA (red) is above the 100DMA (purple) which is above the 200DMA (green), indicating strong bullish trend in place.
Since Mar 2020, at four different instances (as highlighted in the chart), the index has taken support at one or...
levels clearly mentioned in the chart
nifty opened gap uply & nifty was consolidated yesterday.
today can see a breakout or breakdown
there is chance for gap filling but note that after the gap filling can see a sudden recovery in nifty.
so short sellers beaware..
any way i am bullish on nifty for the day.
and I expecting sell side only below 14990
bank nifty perfeclty respecting 35140 support level..
if it fall from current level maybe can see another fall in nifty upto 14600-14260-300 level..this is just my view.
Global market indicating a postive opening .SGX Nifty up 90 points
Nifty50 will remove energy major Gail from the stocks.In Gail's place, Tata Consumer Products will be...
nifty levels mentioned in the chart
SGX Nifty was up in the green but A long bear candle was formed, after the formation of small negative candles in the last four sessions, which indicate that the downside momentum has started to gather strength. This could mean chances of more weakness for the Nifty in the coming sessions. The next crucial support is placed at...
nifty levels for tomorrow
resistance levels based on OI .
watch these level guys
in my view nifty dominated by short term players.
so we can expect a profit booking at any time
Nestle is on a downtrend.
It broke below the 200 DMA with strong volumes. It has pulled back right till the 200 DMA where it was met with resistance.
And now we've 3 strong red candles successively (three black crow candlestick pattern suggestive of bearishness)
And the resistance can be seen right at the trendline that I've drawn.
SL: use trailing...
Nifty - Technical Analysis:
-Nifty gaped up around 11550 owing to positive sentiment and buying observed in midcaps and smallcaps due to the recent SEBI circular.
-We were unable to sustain above 11,550-11,575 which is a little concerning. Even if it were to take a day or two and then get past those levels, we are in bullish territory.
-NSE Nifty settled 24...
Nifty - Technical Analysis:
-Nifty closed 15 points, or 0.13 percent, up at 11,464.45.
-It was range bound today and no clear direction was observed. NIFTY is still above 200SMA which is a good sign
-FPIs sold equities worth $528 million over the past five trading sessions while DIIs sold $109 million worth of equities in the same period.
Market - Driving...
(FOR EDUCATIONAL PURPOSE ONLY)
IF PRICE CROSS AND CLOSE ABOVE 755 (BREAKOUT WITH SIGNIFICANT VOLUME),IT WILL MOVE UP TO 795
IF PRICE CROSS AND CLOSE BELOW 722 (BREAKOUT WITH SIGNIFICANT VOLUME),IT WILL MOVE DOWN TILL 678
Nifty bank looked weaker in today session it closed between 20 EMA ( Lower Side) and 200 DMA ( Upper Side)
Stocks like SBIN (Bearish) , YES Bank ( Mildly Bearish) would continue to show some weakness.
Indus Ind bank ( At support ) , Axis Bank ( At Support ) , ICICI Bank ( Bounced from 100 DMA),
HDFC Bank ( Trading in a Range) should keep the bank nifty...