Stock Market News: In the previous session, the BSE Sensex settled 44 points higher at 61,320, while the Nifty50 gained 20 points to close at 18,036rends in the SGX Nifty indicate a negative opening for the broader index in India.
Falcon Analytics Outlook Nifty 50 for the Expiry week ( Jun 13 – June 17 )
Last Weekly Nifty witness selling pressure below 16386 , while the pivot for the week @ 16605 was not breached on upside.
Technically for this week on the daily charts we see minor support on the downside for Nifty50 index lies at 16057 levels,
whereas minor resistance on the...
BUY GUIDANCE:
Never buy before 3PM (for positional trading). I have been burnt many times over. Try to buy between 3:15 - 3:30PM, later the better.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20DMA (on a daily close basis)
SELL...
Hindustan Unilever is at crucial level of accumulation. Breaking to either side can give good target's. Over shooting box levels is a prominant posibility.
These levels have multiple support:
1) Heavy volume support since 20th of sep.
2) lower price rejection.
3)Holding Weekly PP levels.
4) Bull run of Nifty.
Safe entry would be above 2725. which can give...
Summary
► HTF is again is crucial demand zone. DTF has a "Bullish Doji" candle, which infers "Positive" bias" but, we may see loss of momentum hence, sellers/buyers will fight it out.
► Pivot analysis infers Trading Range DAY bias.
► Support levels 15793/15735
► Resistance levels 15895/15850
► We are in sellers zone, expect it to be closely fought area. Unless,...
Summary
► HTF is again is crucial demand zone. DTF has a "Hammer" candle, which infers "Positive" bias".
► Pivot analysis infers Trading Range DAY bias.
► ADR levels are below 0.50 hence, it infers trending day but, CPR width is not encouraging. So, be ready for double distribution day or mild trending day.
► Support levels 15793/15735
► Resistance levels...
Summary
► HTF is again is crucial demand zone. DTF has a "Inverse Hammer" candle, which infers "Negative" bias".
► Pivot analysis infers Trading Range DAY bias.
► Any upward movement is an opportunity to sell, provided it's in right levels.
► Support levels 15633/15605
► Resistance levels 15780/15745
► Demand zone will have lot of buyers, so don’t sell at first...
Summary
► HTF is again is crucial demand zone. DTF has a "Pin Bar" candle, which infers "indecision" BIAS".
► Opening print will confirm the direction.
► Pivot analysis infers TRENDING DAY bias and market close is below MPP zone which infers negative bias.
► 15916 to 15885 is a resistance level and any weakness at this zone should be a selling opportunity.
►...
Summary
l HTF is again is supply zone. DTF has a "WRC" candle, which infers "Positive" BIAS".
l Pivot analysis infers TRADING RANGE DAY bias and due to overlapping wide range CPR.
l 15916 to 15885 is a resistance level and any weakness at this zone should be a selling opportunity.
l Support levels 15793/15735
l Resistance levels 15916/15879.
l Market is moving...
Summary
l HTF is again in a make or break zone. DTF has a "Hammer" candle hence, probability of breakouts is high.
l 15901 is a critical level and if breakout fails again, we may see bearishness to test support again.
l 15439 is critical level and unless its breached in convincing manner my view will be bullish in medium term.
l Pivot analysis infers...
Summary
HTF trend is bullish and any weakness is an opportunity to buy. Market I believe is soaking all supply hence, expect market to consolidate before moving upwards.
15469 is critical level and only if its breached in convincing manner, then my view will change from Bullish to Bearish in Medium term.
Pivot analysis infers SIDEWAYS bias But, since its...
Summary
l HTF trend is turning BEARISH and there is a INVERTED Hammer in DTF and WTF which means, market looks bearish. However, MTF candle is DOJI. So, if this also shows weakness by month end. I think, we will look at beginning of downtrend which means we can go sideways and lot of whiplashes can be seen.
l Pivot analysis infers bearish bias and will be a...
Union Bank was able to close above its 200EMA support & also Pivot level of today. Seems on a Bullish mode with expectation of 1-2% target in short term.
FORTIS | Excellent breakout after 183 weeks of consolidation - Now retraced little bit heavily towards the breakout zone.
CMP : 166
SL : 155
Target : 220
1:5+ risk reward setup.
Gold against Dollar , expects to be bullish after a dip and rise at the last day of the last week.
Price action suggest it could be breakout trade this week at 1728 area..
If any negative impact on fundamental analysis , it might break into 1680 area..but analysis suggest a bullish week..
Analysis only for education purpose
CANFINHOME | Looks bullish for 25% from here still
CMP : 540 (Dip 520, 480)
SL : 455
Target : 650
1:6+ risk reward from dip
Can buy 50% now, 30% at 520 if we are lucky and get 480 buy remaining 20% there
Price action movement suggest that Pound against Dollar may go short upto atleast till 1.32800 area, or further , inspite of long term bullish view, analysis given for only this week, only for education purpose...
EUR/NZD was ranging & now has broke the range level creating a big green candle & a new zone. Keep an eye on this zone, its fresh and if the price comes again to this zone to test, there is a probability it would shoot up!
This is only for educational purposes & I aint any financial advisor. Control your risk, its very important, always use a stop loss.
