Banknifty formed a new channel which has target 31070 nearby.
This is also resistance and Pivot for changing direct for short term at 3020 nearby.
This new channel is not reliable as compare tight and bigger channel.
The price following "control price" and in the starting nifty fall will give power by control price 11655 nearby as support.
Let it be open the Market and You will get REAL-TIME alert if you hit LIKE button.
A 38% Fib. Retracement existed 11665.
News and Points to cover for today:
SGX Nifty (Jun 25) trading at 11,701.00 which is -15.00 -ve.
Gold rises to near...
I have plotted here 2-scenario where BANKNIFTY can move beside.
What are the points to confirm the direct?
The following points should be considered while taking action.
find the where are low risk (stop loss) and higher target
down-side more preferable to keep our trades presently.
control price will give you hit and more accuracy to trade here.
The Nifty Auto index was trading 1.17 per cent down at 8487.20 around 09:48 am.
Today Market is so cool Steel and Pharma Sector is bullish note but nifty auto index is 1.17 per cent down it's very clear think Tata Motors (down 3.27 per cent), Maruti Suzuki IndiaNSE -1.96 % (down 1.97 per cent) , Motherson Sumi SystemsNSE -2.40 % (down 1.92 per cent) and Apollo...
If NSE:NIFTY opens below 10890 then initiate a buy around 10842- 10850 with a SL of 10810. Do not initiate a buy if Nifty opens above 10912. All the above levels are for Cash.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not...
Similar to Nifty we can also see the bearish pattern in bank nifty as well. Sell range is between 27632 - 27656. Observe the price action near the range before making any short entry. Wait for the price rejection in the given range.
As per last one month KLSE index trading in range of 1680-1720 just below 61.8% Fib retrenchment level of rise from July-18 to Aug-18.
If index trade below 1700 level then fall to 1670-1660 level.
Volume addition in selling suggest major delivery based selling happening.
ASCENDING TRIANGLE BREAKOUT IN NIFTY INDEX
HOURLY CHART BREAKOUT RELIABLITY IS LESS AS TIME FRAME ANALYSIS
HENCEFORTH TRADE WITH CAUTION
PREFER OPTION TRADE TO LIMIT LOSS AND MANAGE THE VOLATILITY.
BUY 10800 CE @60 (NOV)
NOTE:A TEST OF 200-DMA IS POSSIBLE IF BREAKS THEN HOLD ON FOR 10930 LEVELS
MACD ABOUT TO...
This chart looks at the DAX index from Germany.
It may be creating a Bearish Head&Shoulder topping pattern at at 13500.
2 day consecutive closing below the neckline of 11950 should be a confirmation.
We must wait and see.
The daily chart of USD/JPY is currently in a downtrend.
The pair witnessed a strong buying action from the values of 105.
Now the pair is currently hovering around its 200 day moving average.
Earlier the pair was in the process of head and shoulder pattern but it was negated by the buyers.
We expect the buying pressure to further intensify once it crosses the...
Holding on to life Nifty after a big U turn today. Is holding 10780 levels.. break below this bears will be in control of the dalal street and if it opens slightly gap up .. it might stay flat. Focus on specific stocks for movement over all market might be flat.
NSE:NIFTY Nifty Spot currently trading @ good support zone. A: 61.8% Retrace of Fibo (Drawn from right to left) B: Gap up level. C: Previously double top level.. So watch how Nifty trades at 180/220 zone. Price action is the key. Not predicting anything here. It should show some hesitancy @ current support level before making its mind.