Take no new entry right now. ↳ hold existing positions. → buy above 2480 ↳ short term target 2550
NIFTY 50 EOD ANALYSIS -09-09-21 IN SUMMARY O / H / L / C 17312.85 / 17379.65 / 17302.7 / 17369.25 H-L = 77 points VIX 13.94 / -3.26% FII DII: +1127 Crores Likely open: From the above, it looks like a flat to positive open but what may happen in the world markets tomorrow CHART BASED CONCLUSIONS A gap-down open was immediately bought into and NIFTY...
NSE:RELIANCE This is simple positional Trade Setup & Levels for RELIANCE for Short/Mid term holding of Equity shares. Do comment your doubt or suggestion.
bullish target 2500 Rs in 2 month and bearish target 2000 its at resistant level 2300 Rs.
NIFTY 50 EOD ANALYSIS -08-09-21 IN SUMMARY O / H / L / C 17375.75 / 17383.4 / 17254.20 / 17353.5 H-L = 149 points VIX 14.41 / -3.29% FII DII: -802 Crores Likely open: BANK NIFTY holds the key. Based on the numbers looks a flat to a positive open. CHART BASED CONCLUSIONS NIFTY played negative today and did not even bother to go past the opening high made...
Reliance is at Support Level Trend is for 2435 BUY at 2414 STOP 2405
NIFTY 50 EOD ANALYSIS -07-09-21 IN SUMMARY O / H / L / C 17401.55 / 17436.5 / 17287.00 / 17362.1 H-L = 149 points VIX 14.9 / -0.34% FII DII: -283 Crores Likely open: Flat to positive if BANK NIFTY turns green. Today’s low is crucial for the short term and for the week as this is a short week with only 2 sessions remaining before the week ends. CHART BASED...
Reliance Ready to Fly 2200-2260++
long for target 2470 if candle closes above dotted red line trade at your own risk
NIFTY 50 EOD ANALYSIS -03-09-21 IN SUMMARY O / H / L / C 17399.35 / 17429.55 / 17345.55 / 17377.8 H-L = +84 points VIX 15.11 / +3.92% FII DII: -42 Crores Likely open: Unable to read - as today US markets are also closed so indices may consolidate again unless a heavyweight does some interesting moves. CHART BASED CONCLUSIONS NIFTY crossed 17400 as well...
Reliance resisted near Gann level 2500 made doji at the top and subsequent candle broken low givne low risk trade to short ... downside support 2400 ... more weakness if broken this support
RELIANCE looks good above 2369 till 2908 weak below 2230 (CMP: 2388)
RELIANCE (W):-After a long period of consolidation, reliance finally broke through last year's resistance trendline, suggesting a target of 2900.
Short at 2250 for target 2200& below. REFER CHART for better clarification.
RELIANCE is forming ascending triangle in weekly timeframe . Go long if it breaks all time high in daily timeframe. Can be a good positional trade. Try to trade intraday if breaks the resistance you can get a good target in intraday.
NIFTY 50 EOD ANALYSIS -03-09-21 IN SUMMARY O / H / L / C 17262.45 / 17340.1 / 17212.2 / 17323.6 H-L = +186 points VIX 14.54 / +2.11% FII DII: +1436 Crores Likely open: Positive but there may be selling pressure if BANK NIFTY does not support it. CHART BASED CONCLUSIONS A good gap-up opening and then the typical retest of P Close. This is how NIFTY moved...
ON WEEKLY CHART , Reliance showing strength to breakout and may hit a new high ,volume is good . one may go for breakout trade with stoploss near 2250 . for the tgt ;- 2500+