Nifty View: With today's flattish move the benchmark Nifty has created somewhat like a “Spinning Top” on the daily time frame. This suggests uncertainty and incapability to hold onto the new life high. This failure was mainly due the underperformance that we noticed within the banking and auto stocks. We can also observe a price-momentum divergence on the daily...
NIFTY 50 EOD ANALYSIS -24-08-21 IN SUMMARY O / H / L / C 16561.4 / 16647.1 / 16495.3 / 16624.6 H-L = 152 VIX 13.19 / -3.65% FII DII: +730 Crores Likely open: Flat to positive with resistance at 16650-700. CHART BASED CONCLUSIONS Yet another gap-up opening was sold into. Yet, Nifty made a higher and a higher low. Nifty ended at ATH close and is now 70+...
STOCK IS TRADING NEAR ALL TIME HIGH AND CONSOLIDATING IN NARROW RANGE AT RESISTANCE LEVELS .UPMOVE CAN BE SEEN ONCE IT GIVES A GOOD CLOSE ABOVE 2760 LEVELS.
All the Godrej stocks are bullish, why will this be left out. Look at the great breakout setup at the current levels. The stock is ready to launch and I have identified it at the best place. If it closes above 710, it is a convincing breakout and worth going long for easylity 100 points. Kindly note, this is only a analysis and not a recommendation. Consult your...
NIFTY 50 EOD ANALYSIS -17-08-21 IN SUMMARY O / H / L / C 16545.25 / 16628.55 / 16495.4 / 16614.6 H-L = 133 VIX 13.41 / -0.37% FII DII: -77 Crores CHART BASED CONCLUSIONS Nifty closed above 16600 for the first time and close to the ATH level. Nifty made a higher high and a higher low. Nifty was facing resistance near the earlier day’s high and then fell...
Nifty View: It has been a one-way high momentum rally for the benchmark Nifty over the past few trading sessions. At today’s close at 16,559, the index posts yet another positive day - up 42 points or 0.25%. A look at the 75mins chart, and we can see a “Shooting Star” which under the Japanese Candlestick parlance is a sign of a possible reversal. Now there is no...
NIFTY 50 EOD ANALYSIS -13-08-21 IN SUMMARY O / H / L / C 16385.7 / 16543.6 / 16376.3 / 16529.1
EMAMIPAP can move above 215. Tried to break ATH resistance twice in two months, but failed. If it breaks this it can move good.
NIFTY 50 EOD ANALYSIS -12-08-21 IN SUMMARY O 16,303.65 H 16,375.50 L 16,286.90 C 16,364.40 From P Close 82.15 H-L 88.60 VIX 12.37 FII -212 DII 307 Net Crores 95 CHART BASED CONCLUSIONS Nifty finally cleared all the hurdles and closed past 16350 at 16364.4 which is an ATH close. It ended 11 points below the day’s high which is a good sign. Nifty opened...
Today again nifty is at all-time high. But if you look it can be following this rising trendline as resistance. So it can take resistance from it and trap all those buyers who went long from all-time high breakout. So a little gap down can give us a good bearish move. Comment down your thoughts on this.
Bharti Airtel is about to break the all-time high at 620-625 levels on the daily chart. This will be a crucial breakout for a bullish view. Watch the chart and trade accordingly.
After last upmove #CUMMINSIND consolidating almost 5+ month. It tried multiple times to sustain above 900 but failed each time. Finally now it sustaining above 900 plus it give highest weekly closing after March 21. Long entry can be initiated at this level with SL of 820. For safe player wait for daily candle close above 925. Target - 1200+ All time high.
According to volume breakout 950 to 850 zone is good to take entry with stoploss 650.
Nifty View: Buying momentum continues as the benchmark Nifty extended yesterday’s up move with another 114-points gain in today’s session. Most of this gain came in from the very opening hour, post which the index essentially consolidated its gains. Good to see participation coming in from heavyweight sectors like Banking and Financials. The underlying trend is...
Recent price structure with higher lows in NIFTY along with support from multiple trendlines indicates that there is a high probability of it breaking above 16000. A close above 15900 on the daily will increase the odds further. Keep an eye out for targets of 16200-16300 on a close above 16000.
Go long with your risk management. Could turn out to be a good trade. At all time high.
Nifty View: “BIG” breakout from the benchmark Nifty index in today’s session. The index finally delivered the much-awaited breakout with which comes positive sentiment and clarity in terms of the underlying immediate direction. There was barely any intraday dip during today’s rally which clearly shows that the bulls have got the contrarian bears trapped and this...
SL- 275 (dcb) Target 1st 328 2nd 362