BANK OF INDIA: Banking stock specially PSU banks have kept up bank nifty. All PSU banks are strongly poised to move up. The prices have moved up from the daily TS, as of now the prices are inside the kumo, once a breakout is registered the Bank of India is expected to reach 83 levels, the next level of resistance. Till the prices are above 63 the analysis stands true.
NIFTY: Nifty made a lower close this week. The narrow range bar indicative of weak momentum in the index (however it doesn’t signal outright shorts) but longs positions should be tighten at this juncture. Correction may initiate below 11800, which may extend to 11400 – 11300 levels, at this point we can notice institutional support coming up. The RSI is above 60...
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->11th November 2019 to 15th November2019
NIFTY IT moves around -278.85 pips from 11th November 2019 to 15th November2019, in which nifty IT break last week 04th November 2019 to 08th November2019 bottom 15355.70.
In continuation of my previous post, there was a concern on the Nifty weekly chart, the RSI on the weekly charts was close to 60 levels. Now the candles on the daily charts in the last two sessions seems to pull breaks on the rally. Though the momentum hasn’t dried up on the daily, the price pattern is giving signs. 11785 is the gap area, a close below this may...
ghstocktrading.webnode.comNIFTY IT: WEEK-TECH-SHEET->14thOctober 2019 to 18thOctober2019
NIFTY IT moves around +286.85 pips from 14thOctober 2019 to 18thOctober2019, in which nifty IT did not break last week 07th October 2019 to 11th October2019 top nor bottom.
ghstocktrading.webnode.comBANK NIFTY: WEEK-TECH-SHEET->07th October 2019 to 11th October2019
Bank nifty moves around +1289.35 pips from 07th October 2019 to 11th October2019, in which bank nifty break last week 30th September2019 to 04th October2019 bottom 27653.70.
BataIndia bullish buy setup. After giving a rally BataIndia was consolidating with a flag formation. One can buy BataIndia now with a stoploss around 1635 for a Target of 1850 and 1900.
ghstocktrading.webnode.comBANK NIFTY: WEEK-TECH-SHEET->16thSeptember2019 to 20thSeptember 2019
Bank nifty moves around +2775.95 pips from 16thSeptember2019 to 20thSeptember 2019, in which bank nifty break last week 9th September2019 to 13th September 2019 top 28126.85 as well as bottom 26993.90.
Nifty might have a big fall in the coming days.
Since it crossed down the daily support it might fall till 10023, which will lead to one of the largest erosions in investor wealth. Sustained selling pressure is seen in the market. Resistances are gradually shifting lower.
If it closes below 10023 then the next target will be 9971.
This shorting trend will reverse...
ghstocktrading.webnode.com
NIFTY IT: WEEK-TECH-SHEET->9th September2019 to 13th September 2019
NIFTY IT moves around -505.30 pips from 9th September2019 to 13th September 2019, in which nifty IT break last week 2nd September2019 to 6th September 2019 bottom 15935.90.
ghstocktrading.webnode.com
BANK NIFTY: WEEK-TECH-SHEET->9th September2019 to 13th September 2019
Bank nifty moves around +1132.95 pips from 9th September2019 to 13th September 2019, in which bank nifty break last week 2nd September2019 to 6th September 2019 top 27311.05.
ghstocktrading.webnode.com
NIFTY 50: WEEK-TECH-SHEET->9th September2019 to 13th September 2019
Nifty 50 moves around +194.65 pips from 9th September2019 to 13th September 2019, in which nifty 50 break last week 2nd September2019 to 6th September 2019 top 10967.50.
ghstocktrading.webnode.com
NIFTY 50: WEEK-TECH-SHEET->12th August 2019 to 16th August 2019
Nifty 50 moves around -244.30 pips from 12th August 2019 to 16th August 2019, in which nifty 50 did not break last week 05th August 2019 to 09th August 2019 top nor bottom.
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