Escalating covid woes weigh on commodities while downbeat China data exerts additional pressure on the Brent oil prices during early Monday. Also favoring the oil sellers could be the quote’s U-turn from 50% Fibonacci retracement of early August upside, followed by a break of the one-week-old rising trend line. Hence, the Brent oil prices are all set for further...
COVID has impacted our lives in so many ways and Stock markets were no exception which saw drastic falls and steep recoveries as well.
SO I have tried to make a correlation between both.
Major scrips saw a minor downtrend which lasts for few weeks with minor corrections. Similarly COVID 1st wave caused saw minor casualities for few weeks.
The scrip entered into...
The Canadian dollar continues to drift this week. In the European session, USD/CAD is trading at 1.2037, down 0.08% on the day.
Canada's economy is expected to have surged ahead in the first quarter of the year. GDP grew at an impressive rate of 9.8% (YoY) in Q4. The consensus for Q1 stands at 6.8%, which would bring growth close to pre-Covid levels. These GDP...
Hi trade mates!
Yes, the trend is bullish for the month of June 2021, considering the market analysis, technical support on Nifty, and reduction of corona cases.
Wait for 35250 levels, if it breaks then 37000 for sure!
Meanwhile don't try to carry forward your trades, it's highly risky in this volatile market, especially for BANK NIFTY.
Your premium may...
Bharti airtel if hold 545 then u can buy for intraday and if it break 545 and go down then sell bellow 542 for intraday. Take free tips benefit and earn money in this lockdown time i will give u daily this types of trade. earn and help your family.
As erlier we discussed .... that gave good levels and after that we saw profit booking...which means that there was profit booking done buy big players ....and now again its retestes the level and that trend line of 555 and again from here it is going up with good Vol
as u can see on Fibc Retresment indicator ...
Now fresh entry ONLY ABOVE 571.70 with SL of...
HOW TO TRADE IN NIFTY .
Nifty is making a bullish candle and global market is bullish but as corona cases are increasing, the market will be bearish.
behind the scenes:
FII BOUGHT 437CR DII BOUGHT 657CR.
EUROPEAN markets are flat.
SGX nifty is trading bearish at the time of review
Advance to decline ratio is around 1131:762 in Nifty50
US market data is...
SNOWMAN BUY around 64-70 zone . Targets: 85/95/105++++
SL: Below 50
1. SNOWMAN fundamentals are very strong as it preserves vaccines and is the largest importer of the vaccine .
2. Sentiments are also with the SNOWMAN.
3. Like the prices are going up after 2 years of consolidation .
4. It will break the 70 level and continue the really up to...
F U SEE THE DAILY CHART ITS A LONG ACCUMULATION BY BIG PLAYERS FROM AUGUST TO ALMOST DECEMBER START
THIS STOCK IS TRADING AROUND 60 LEVELS, ACCORING TO WHAT CHART SAYS IF IT BREAKS 70 WE CAN SEE A BLASST TILL 100 LEVELS
SL CAN BE 55rs ON WEEKLY CLOSING BASIS
Nifty - Technical Analysis:
-NIFTY stages rebound after 6-day fall
-NIFTY is testing the 11k resistance and rejection from here can push it lower.
-NIFTY gapped up above 10900 and crossed the intraday high in the afternoon session and saw a good trend till 11k
Market - Driving Factors:
-Top Index gainers: Bajaj Finserv (6.64%), HCL Tech (5.30%), Airtel...
BATA India is among the stocks which is yet to recover to pre-covid levels & still struggling near its low price this year.
ROunding bottom formation observed and it has started rising with volume gradually.
A volume buildup is clearly visible.
Price is trading above 20 DMA and RSI is increasing as well..
All indications are positive. Company has good...