During the last few days I have been hearing a lot of noise from various sources that after the budget the market will crash badly and nifty 50 will break the 14000 levels and correct itself until 12000 levels. However, I have a totally opposite view and a perception towards the market post budget. I think that the rally which came from the 7000 levels, its top...
Pre and Post budget analysis prediction of NIFTY 50.
Looks like banking sectors are go take a ride down. Good head n shoulders formed after a one way bull run from October - November 2019. **WATCH OUT FOR BUDGET** Budget will play a key role in this trade.
Strong bullish stock currently pullback towards 640 around can give good buy opportunity with the targets of 670 on the upper side. twitter - @TheSachinJain telegram - @tradingbud Do check previous charts :) in profile.
The stock registered a breakout this week and have managed a close above the clouds. The RSI has moved into the bullish zones with MACD above zero. The stock has become a long candidate an pullbacks. Levels of 560 – 545 may provide support to the stock and it may move up to 580, 590 & 620 levels. If the stock fails to hold itself at 545 levels then it may further...
Pre & Post Budget movements are most rewarding if captured correctly. Since the last two budgets, we are seeing a sharp fall post budget. This time it seems, this may not repeat. Renko charts says so! The market may either continue its upward journey or may trade in a narrow range. So I will either suggest going long on NSE:NIFTY or just SELL PUT options of...
A " Spike " can generate after breaking-out area between Value High to Contro Price . The " control price " always attract value toward it. The intraday Resistance 12003 nearby and Support 11936. There is actually two channel, One is a " major channel" which is still exist because its an excess. If the price starts to fall then, we can more and more...
Budget session reversal time for nifty and bank nifty 11:00a.m;12:30pm; 2:45 pm High volatility trade cautiosly high range in nifty & bank nifty Range for nifty for few days- 11498-10752
Nifty 50 is in a upward trend. To sustain it a correction is necessary. Between feb and march Nifty 50 might retrace to 0.618 fib levels. That would be around 10500. RSI shows a down trend and MACD is also moving towards a cross over. However we need to keep a close look as budget on Feb 1 might influence the direction of Nifty 50. Do your own research before...
ALL DETAILS MENTIONED IN CHART. A BUDGETARY RALLY COULD BE SEEN IN PRICE.
Target - 188+, 210+ SL - 160 (on closing basis)
Attention please ... tomorrow is budget day and lot of movement is expected. You'll get a lot of calls/ideas saying this will happen, that will happen, go long, go short, etc. But, as professional traders, we know that predicting is not our job, our job is to make money. Believe me, whoever tells you that he knows what all will be announced in budget and how...
It is been observed that the price action breakout out from consective trendline indicating buyers in control and shall move up the price action from current levels. Target: 1270 Target: 1300 Stoploss: 1220
It is been observed that the price action moving up in a trend and now it breaks an important resistance breakout at 545 levels. Now, it shall reach further up to next resistance levels. Target: 560 Stoploss: 545
It is been observed that the price action was trending up after consolidation. Now, it has made a new breakout, which shall take the price action further up to the next resistance levels. Target : 1460 Stoploss: 1430
While trading on the budget day is quite risky and most of the traders end up losing a lot of money as they are not prepared to adjust with the wild swings in market(Highest one is 346 points). Traders having small capital should just stay away from market and watch the show from sidelines or they can trade with limited risk open strategy.
ITC always suffers due to budget. Increased taxation on cigarettes is expected this budget, as every other budget. ITC also has tested resistance again. And a powerful bearish piercing pattern with above average volume. Short futures or buy cheaply ppriced OTM puts for quick profits after budget.