USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
VISESH INFOTECNICS, YES BANK, VODAFONE IDEA LTD, UTTAM VALUE STEELS, JET AIRWAYS INDIA, PC JEWELLER LIMITE
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Nifty could touch 11585 which is the next resistance. If it closes above 11585, there could be a further upside.
If it does not close above 11585, then we have to wait and see what happens next.
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.
CNX PHARMA Gave nice Counter Trend rally Since August 2017 to November 2017 1st Week. Looks like it will Resume its DownTrend Trend Again.
Bullish cross over on weekly charts on Aroon indicator and indicates a change in trend . Close above 54-55 levels can see this stock touch 60-64 in short run and 84-100 in a years time.
Seems like banknifty would pullback or consolidate for a big breakout.
Reasons to Short:
Negative Global Sentiments.
Resistance + 61.8 Golden Ratio.
I intentionally left blank the SL and Target levels, because of every trader has its own way of entry and exit.
Always Chart Speaks a lot..
Sensex formed nice double top with -ve divergence on RSI & started its downmove.. It has already broken imp supp lvl arnd 31500, similar to nifty lvl of 9700 supp.. Now will sensex reverse & mark as false breakdown or nifty will follow sensex to break 9700 & head to 9500 lvls (Sensex 30750-800).. Interesting moves ahead... my bet is ...
Bank nifty is been in channel since months, and looking at it seems like its leaning towards the downside and looking for the next corrective move since Jan 2017. Also the RSI indicates Bearish Divergence.
It may bounce from the current levels, but sooner or later it will break that channel and we dont have to miss that move. If it breaks the channel now, we shall ...
The downtrend (if I may use this term) which started last week from almost 23K levels, seems to be playing out with lower highs and lower lows. The gap down of 17th May was been closed. The retracement was precisely from 0.786 Fibonacci levels.
Here we have a rising channel which if taken out on the downside, will continue the downfall below 22700-22650 ...
I believe we are in secular bull and extension of 5 of V of (5) would do around 12000 before any major trend change, yet I believe we are overbought on current levels and some profit booking is due which pull index in region of 9000-8900 levels close to 38% retrace. Yesterday , Global Index got slaughtered , expect nifty to open weak.
Trade your own ...
We are looking at a 8 year Nifty IT chart
Lets see what the chart is trying to tell us...
- Between 2009 to 2015 the price has risen from 1933 levels to 12908 levels
- Since Jan 2009 till March 2015 the index has been making higher top higher bottom
- It is only after March 2015 that the index is seen making lower top lower bottom on a regular basis
pSAR, MACD and Stoch indicating reversal and this can be a better opportunity to enter longs in Nifty. SL would be 9150 (spot rate).
Will buy-on-dips strategy work this time?
This is the best setups for bulls - buying on dips and a jhat-pat trade. The resistance turns support at 8,970 (pink line) will be crucial for bears to break. The recent rally in the range of 9,000-9,200 seems to be disheartened for bulls. The rangebound session with index being firm above 9K express positive yearly ...
Nifty Channel structure for Long Term
Generally, channel are respected when you see long term
pull back required to go up