Nifty opens with positive note, and traded between 22360 to 22420 range throughout trading hours.
At the end of the day nifty was up by 31 points.
Nifty has formed shaven head red body candle on daily chart.
Candle is trading above 20 Days Exponential Moving Average Line.
Nifty is able to hold 22300 level and broke the resistance level which was 22276 so,...
Nifty opens with gap down and bulls enter into the market and made days high that is 22073.
Index has formed green body shaven bottom candle which indicates participants were buying from lower end.
Candle is above 50 Day’s Exponential Moving Average.
Nifty is able to hold above on 22000 level so that next hurdle level can be 22115 and weakness could be seen...
Indian indices open at previous day closing and rebounded sharply after yesterday’s fall.
Nifty has formed big green body candle with upper and lower shadow.
Candle is formed below 9 days Exponential Moving Average line.
Further levels for nifty will be 21831 level will work as support and resistance will be 22381 level.
Today’s Advance Decline ratio of...
Nifty open with gap up opening and bulls didn’t survive in the market and bear took control and made days low that is 21905 level.
Nifty has broken the trend line support and formed a red big candle with upper and lower shadow.
MACD is giving Crossdown.
90% of the candle is below the 9 days Exponential Moving Average line.
Index has broken the support level...
Market opens at Yesterday’s closing price.
Nifty formed Dragonfly Doji on daily chart with long lower and long upper shadows, which indicates thug of war between buyers and sellers which shows indecisiveness among them.
Candle is formed exactly on 9 days Exponential Moving Average line.
Further levels for nifty will be 22272 level will work as support and...
Nifty open with negative note and made days low that is 22307.
Index has formed big bearish candle with lower shadow which indicates bears were creating pressure from top level.
Candle has taken support of 9 days Exponential Moving Average Line.
Nifty has broken the support of 22368 so further support will be 22272 level with 22381 resistance level.
Today’s...
APEX FROZEN FOODS :Has formed a nice double bottom pattern. 10DEMA Crossover above 20DEMA,50 DEMAa possible move towards in weekly chart suggests a move towards 290-300 upon sustaining about its neckline breakout levels of 270
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JINDAL STEEL & POWER:
Few key points to note:
- Near the support & resistance trend line
- At golden ratio of prior trend.
- Waves counting are mentioned
- Recently tested 200 EMA
I expect a small bounce from this point for 420-430-447, but we don’t have any reversal signal yet. Once a bullish candle is formed at this level, we can long for the mentioned...
SBILIFE has been trading near the support zone and 200 daily EMA levels as well. It has taken support and resisted 200 EMA levels multiple times; with the closing candle is bullish for the day, we can expect a good up move from current levels.
Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before...
BANDHANBANK is respecting the 200EMA from the last year. It has taken Support multiple times and been resisted as well during the same period. Recently it broke the EMA level, after which it has dive further. It seems it has retested the levels once again, which indicates it may continue to dive further for the next few trading sessions before it can bounce back...
VINDHYATEL has been trading near the lower end of the channel, as well as near 61.8 Fibonacci level. Further, it also has been trading near the 200 EMA. If it breaks the support zone, it may take the support on the two-year Trendline(have a look at weekly chart) before starting to rally in the upward direction. It may confirm either of the possibilities in the...
HAL has been facing resistance from 200 EMA from last few sessions. If it closes above the resistance level today, A potential up move has implied. (As volume for the day is already greater than the last 20 day average volume).
Cheers! Feel free to share your view about this. Please do your analysis before trading/Investing.
Happy Trading.
