After hitting an all-time high, gold prices are losing momentum as buyers await the US September Core PCE Price Index, the Fed's favorite measure of inflation. Bulls may slow down, but are still in the game On Thursday, FOMC Chair Jerome Powell's reluctance to discuss monetary policy joined the market’s dovish bets on the US central bank to propel the Gold...
Date : 6th June 2024 Time : 10.27 AM Why I am Bullish on Wipro ? 1. Wipro has Formed Cup & Handle Chart Pattern on Monthly TF and successfully retested on neckline too as we can see on Chart. 2. Current Fibonacci level is 0.5 to 0.618 known as Golden Reversal Zone. 3. Nifty IT is Also Showing Bullish Trait like Bullish Divergence. After all this Entry ...
I bought some LLYODSME at 800. Short-term Target: 852 Long-term Target: 932 STOP-LOSS: Follow for SL updates. Disclaimer: I am not SEBI certified, and this is not financial advice. Always conduct your own research before making any investment decisions.
This trading strategy focuses on scalping Nifty options based on institutional support and resistance zones and executing trades using order flow data. Here's a quick summary of the key points: 1️⃣ Zones to Focus on: 👉Green Zone: Represents institutional support. 👉Red Zone: Indicates institutional resistance. 👉Gap Between Zones: Typically ranges from 100-200...
Good fundamentals. near ATH. weekly rsi above 60. holding 2-3 months cmp 71.4 target 100 sl 67
If the price crosses above 2151 then entry will be taken stop loss at 1975 and target 2550. Condition Price must cross 50 EMA then momentum, Elliot Wave has completed the ABC correction in 4th wave now the 5th wave may come. This is only study purpose not recordation.
A bullish price channel has formed. The candle pattern is valid. According to the financial insights and fundamental analysis I posted yesterday, XAU will reach 3k this year. The overall market is deteriorating slowly, but steadily The Chartist
Futures on an average are 0.28% down. Hence expecting markets to be on flat to negative in case writers don’t have common interests. ATM premiums on put are already highs due to 4 days time value. 26000 can act as an active support in case of fall. Keep calculating % of premiums for 26300p & 26200 call for entry decisions. RSI is 90 on 1 day chart hence, 5...
NSE:NIFTY Index closed near 26215 level and Maximum Call and Put Writing near CMP as below in current weekly contract: Call Writing 26200 Strike – 28.62 Lakh 26000 Strike – 26.04 Lakh 26500 Strike – 26.01 Lakh Put Writing 26000 Strike – 57.81 Lakh 25500 Strike – 27.19 Lakh 26100 Strike – 22.82 Lakh Index has resistance near 26250 – 26300 range and if index...
Good morning, friends! 🌞 Here are the market directions and levels for September 27th. Market Overview: There have been no significant changes in the global and local markets; both maintain a bullish bias. Today, the market is expected to open neutral to slightly negative, with SGX Nifty indicating a negative of around -20 points as of 8 AM. In the previous...
Bank Nifty Current View: Bank Nifty is also following the Nifty sentiment. If the market opens with a gap-up or if the initial market sees a solid pullback, it could reach 54,655. However, some rejection could also occur. This is our first scenario. Alternate View: If the initial market breaks or consolidates around the 50% Fibonacci level, we can expect a...
NIFTY Levels for Today Here are the today's NIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level. Similarly,...
BANKNIFTY Levels for Today Here are the today's BANKNIFTY Levels for intraday. Based on market movement, these levels can act as support, resistance or both. Please consider these levels only if there is movement in index and 15m candle sustains at the given levels. The SL (Stop loss) for each BUY trade should be the previous RED candle below the given level....
Disclaimer These levels are intended for research purposes only. I am not a financial advisor, and I am not responsible for any financial gains or losses that may result from using these levels.
Good morning everyone 27 Sept. 2024, Friday Whoever has tried to predict the market has been destroyed again and again, this week included. The market won’t change because people remain the same. History doesn’t repeat, but people do. So, once again, I’m saying — stop chasing the market, #Nifty, #Banknifty, breakouts, or gap-ups. Instead, learn to create your...
Ah, the exciting world of trendline breakouts! 📈 Let’s dive right in. A trendline breakout occurs when the price of an asset decisively breaks through a trendline on a chart. It’s like the market saying, “Hey, I’m ready to change direction!” 🚀 Here’s the lowdown: What’s a Trendline? A trendline is a diagonal line drawn on a price chart to represent the trend....
On Thursday, BankNifty hit a new all-time high of 54,467.35 and closed at 54,375.35, gaining 273 points from the previous close. The Weekly Trend (50 SMA) remains positive, while the Daily Trend (50 SMA) has shifted to overbought from positive. Demand/Support Zones: Near Demand/Support Zone (30 min): 54,085.15 - 54,189.15 Far Demand/Support Zone (30 min):...
EURJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline...