NIFTY ON 10-01-2023 The global volatility was well reflected by Indian Markets during today’s session. Opened flat Index again moved unidirectionally like yesterday. The only difference was that the direction was southward. Index fell to retest 17800 during Intraday which is the sacrosanct level for Nifty as any violation of this level on closing basis, may drag...
Five reasons, why you should short BankNifty ? 1. Break of long term trend line (Black color) on 10th Jan 2. It failed to show any strength today and didn't cross the short term trend line acting as resistance (purple), forget about the maroon line resistance 3. Last three candles have lower lows and lower high formation 4. It failed to cross 50 days EMA and...
Banknifty remained strong and closed 200 points higher around 42200 levels. From the initail hour the index consolidated and remained in a 200 points range forming flag and pole on smaller time frame. The market, on the hourly time frame, took resistance from 20 ema and closed near the moving average and resistance zone. On the 15 minutes chart, banknifty...
The market consolidated whole after the initial up move and formed a doji on the daily basis. On the hourly chart, the market took resistance from the 20 ema and closing flat near the support of 17880. There was a huge volatility and traded in a 50 points range in the second half making trouble for the option buyers. On the 15 minutes chart, the market traded...
Aurobindo Pharma previously took support from support zone and 200 EMA (blue line). FII increased their stake during the 2nd quarter as well. Accumulate with a SL of 318 WCLBS. Final target new ATH
Banknifty has formed a nice bearish trend on the daily charts. And if the market breaks below 42920, it can test 41650 levels. On the hourly charts, the market respected the 41900 levels and closed above 42k level. It closed below both the moving averages. There is a bearish moving average cross over and market started trading below the previous day low. On 15...
A nice break down in the Nifty and started trading below the previous low. The market has been trading below the moving average and is trading in a range. On the hourly time frame, the market took support near 17880 and recovered and closed above 17900 levels, dropping 1%. Market has been consolidating in 250 points range. If the markets break below 17800...
NIFTY ON 09-01-2022 Following Positive Global cues, NIFTY Opened Gap up and didn’t look back to over come all the resistance levels. This unidirectional rally took Index towards the crucial resistance level of 18150- 18200 from which profit booking was observed during the trading session. As discussed in the previous post, it remained a volatile session. Index...
Banknifty has given a nice move even after the gap up and touched the resistance zone making a high around 42700 level. The market after the gap up remained in a 400 point range and took support from the levels closing 390 points above the previous closing. On the hourly chart, the market has traded around the 20 ema and closed between both the moving...
After a 3 day consecutive red candles, Market has given a green candle gaining more than 240 points and closing near 18100 level. The market took a rejection from the resistance of 18130 and if the market again crosses above the level. The market can hit the target of 18250. On the hourly time frame, the market tested the 18130 level in the first half and came...
KEC international gave flag n pole pattern breakout trading above 20ema target can be 550 SLbelow 20ema educational idea only
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As you can see from the chart COALINDIA is at its support of 210-205 range. and the red line is 200 EMA @Daily TF, and the blue line is 50 EMA @Weekly TF. The RSI indicator is also in oversold territory . It might be a good long opportunity. Entry - 210 Target - At least twice of the risk. (234) SL - 198 **Do your own research before taking any trades**
NIFTY ON 06-01-2023 Opened flat, NIFTY failed to sustain the immediate resistance of 18040 and selling pressure was observed in all indices. BANK and IT remained the biggest losers with losses of 0.99% and 2.0%. The weak global cues, fear of recession and selling from FIIs were the prime reasons behind the unidirectional fall. Index fell to retest 17800 during...
Banknifty lost around 800 points in this week and closed near 42k levels. Though the index has been trading above the 20 ema but it is forming a bearish pattern on smaller time frame. Banknifty has tested the 38.2% fib level on the weekly charts and if it breaks below it, it can test lower levels. The market on the daily time frame, has closed below the 20 ema...
Nifty on the weekly time frame has formed an inside candle and closed around 20 ema. The market has been trading in a range for 3 weeks and a trending market can be expected once the high or low of the previous candle is broken. On the daily time frame, the market has tested the 17800 level twice and took support from it closing around 17860. The market is...
SGX taking support from 100 DMA and a bottom of an upward channel. US markets closed in green. $IN1! SGX up by 150pts: Bullish $NIFTY1! Futures at 100 DMA: Wait and Watch NSE:NIFTY Spot NIfty below 100 DMA: Bearish Overall verdict: Wait and watch Monday possible Gap up. Probably will test 18k level on spot.
Banknifty has started closing below the 20 Dma and today it tested 42300 levels. Though, in the last hour the markets regained some momentum and closed around 42600. The market has been trending down and there are resistances created on the higher levels that will oppose an up move. On the hourly time frame, the moving averages are close enough and a bearish...