Though the Equity Markets ended with gains on Thursday, the session remained extremely range bound and the benchmark Index NIFTY oscillated in a 20-point range throughout the day making no directional headway. The Index gained 39.10 points or 0.37% but showed no conviction on either side.
As we approach the last trading day of the week, we see Friday’s trade ...
Nifty seen a major fall from its all time at@11171.5 and tested 9951.90 level, however From 9951.90 level, Nifty seen a straight steep recovery.
Currently its struggling near previous top and congestion zone . These levels are coincided with Fibonacci .50 retracement ( 10565). Nifty may face supply pressure near these levels.
In Previous session nifty formed ...
Nifty can move upto the target level. In weekly chart it is forming the left shoulder of Head and shoulder pattern. At that time RSI divergence may happen . Once it finished shoulder it may fall again. Let see what the chart telling on that time then we decide and confirm. Now buy upto the mentioned target. MACD crossover may happen upcoming days. It will helps to ...
I expect the stock to open gapdown and test the levels of 1760 -65 once and then rise above ,
thus will like to go long with sl 1738
aand positional tgt
1847 ++ in 2-3 days .
dear "LONG -TERM investors" , stay cautious !
I see a good correction on cards in cigarate GIANT , ITC,
a fall can take nifty (if happens) to even below 9500 levels in one way !
lets see!
Hi ALL
After a long time nifty closed at 10378.4(below 100ma) and immediate strong support for nifty is at 10066 (200ma). Market is expected bounce back from 10066(200ma)(turn to uptrend at 200ma). failing which further downtrend(20ma will cross 100ma) lead market to fall to the level of 9310.
Thank you
Raju
Consolidation crept into the Indian Markets on expected lines. The second half of the session took a volatile turn as the NIFTY pared nearly 90-points from the high point of the day. Though some recovery was seen, the benchmark index ended the day losing 22.50 points or 0.21%.
The consolidation that we saw creeping in is likely to persist on Thursday as well. As ...
Sell NIFTY around current zone for an immediate target of 10470 and 10420. Stop loss 10600.
Daily retracements and volume supports taken for Stop loss and target levels.
NIFTY continued with its gaining streak and ended the ninth consecutive session in green as it ended on Tuesday with net gains of 20.35 points or 0.19%. Though the session ended with just modest gains, it saw a V-Shaped intraday recovery. What was seen on Tuesday was a classical consolidation while the NIFTY still tested its important near term pattern ...
NIFTY (SPOT VIEW)
Nifty looking weak on chart as formed hanging-man at resistance this indicate reversal in stock or index for swing trade. Resistance level will be treated as Stop loss and support as Target.
TCS spot @ 2954, forming a bearish channel, buy @ 2964 for target of 3040, if it break it bearish channel will break target would be 3216, don’t initiate buy trade @ 2850 ( 50% fibo level)
INIF FOREX
Nifty Spot @ 10378 open @ 10,333., market is trying to form head and shoulder but still not formed , if market break 10,600 then we expect for bullish in coming weeks, and if make potantilly head and shoulder then will test 9,200 Levels.
1. For bullish chances are 25%
2. For bearish chances are 25%
3. For being in Range 10,000/- level to 10,600/- chances ...
NIFTY ELLIOT WAVE FORMING KEEP WATCH POTENTIAL DROP
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for ...
