Niftyauto
NIFTY look for shorts at resistance i've markerd the support and resistance levels .
trade according o your setups at these crucial zones
GRASIM1) if opens flat , go for long ion buillish signals
2) if gap down , wait for it to take support and then go long
MARUTI KEY LEVELS SUPPORT AND RESISTANCE 12/06/2020 FRIDAYKey Levels for MARUTI SUZUKI : INTRADAY CHART ANALYSIS
UPPER BREAKOUT~5480
FIRST TARGET~5567
INTERIM RESISTANCE~5690
FINAL RESISTANCE~5813
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LOWER BREAKOUT~5391
FIRST TARGET~5327
INTERIM SUPPORT~5262
FINAL SUPPORT~5187
My views are for educational purposes only.
Please trade with caution and consult your financial adviser before trading.
SELL TVS MOTORSTvs Motors can be sold and hold for 1-2 days
It has double top at a very strong Resistance Area
You can do intraday as well. It is in good Risk to Reward Ratio
As Auto Market will not be so bullish!
Keep Earning with Proper Stop Loss!
#LETSTALKABOUTMARKETS- NIFTY AUTOAs we can see Nifty Auto is trading in a rectangle pattern. A strong support is placed at 5000 level making it a psychological level as well. Nifty Auto seems to be moving in a sideways pattern.
1. A sustainable breakout above 5500-5600 will give this index a new leg.
2. The current Bollinger Band trend shows that the volatility is reducing.
3. RSI retraced from the level of 60 which acted as a resistance. The momentum seems to be weakening.
4. It seems to be taking support at the mean level of BB, and any weakness from here can take the index to the levels of 5150-5050.
5. Nifty Auto may underperform in the coming days and test its support zone.
NIFTY AUTO Analysis (CNXAUTO)After lock down opened in China, the sales in Auto Sector increased a lot. Maybe same can happen in India.
NIFTY AUTO KNOCKING THE WRONG DOOR. Looking weakYes its a breakdown but a weak one wait for one more day for a follow through candle.
Escorts, maruti will lead the downslide
