its in channel and at higher level of trendline and today is result also so as per result it will react and banknifty move is also majorly depend on hdfc bank reult
It looks likely that Gold will experience sell off From 2053 to 2036 Level, Before trying to make a new leg high, The reason is Movemtum driven response to gold and bond market due to the war at yemen.
Fed officials, economic data in focus for rate-cut cues
The dollar index surged 0.5% on Tuesday, with demand for the greenback increasing ahead of an address by Fed...
results out- amazing
near all time high-amazing
price target updated by investment agencies-amazing
the stock seems to fly to new horizons lets catch it and enjoy the ride
#Nifty
Good morning, friends! Here are the directions for January 12th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +25.
Nifty has progressed in sub-wave 4th (motive wave)....
#Banknifty
Banknifty has also progressed in sub-wave 4th (expanding diagonal). So, if it opens with a gap-up, there might be an undergo a 5th sub-wave. It may reach a minimum of 47,741 to the fib level 50%; after that, if it rejects sharply around there, then we can complete sub-wave 5th and anticipate the correctional (ABC) wave. This is the basic structure;...
Finnifty has been following the banknifty structure. There is a sub-wave 4th (expanding diagonal). So, if it opens with a gap-up, there might be an undergo a 5th sub-wave. It may reach a minimum of 21,424 or 21,470; after that, if it rejects sharply around there, then we can complete sub-wave 5th and anticipate the correctional (ABC) wave. However, if the market...
This is the analysis of NETWORK18 in Daily Time Frame. Watch carefully. The chart explains itself.
There are some prediction levels. These Levels act as Support and Resistance according to position of price. You have to trade according to level breakout or breakdown.
Always maintain your risk management.
Book your profit according to your...
#Nifty
Good morning, friends! Here are the directions for January 11th: The global market sentiment is moderately bullish, supported by the Dow Jones, while our local market sentiment shows a moderately bearish trend. It might open with a neutral to slightly gap-up start, as indicated by Giftnifty showing a +20.
Nifty is progressing within the bullish triangle...
#Banknifty
Banknifty still has a bearish sentiment, but here also, if the gap-up sustains, we can expect further pullback continuation. On the other hand, if it rejects around the 38% (immediate resistance), or if the initial market declines, then it might turn into a range market. Structurally, it might break downside. But we could wait for the proper breakout,...
#Finnifty
Finnifty is following the Banknifty structure. So, here also, if the gap-up sustains, we can expect further pullback continuation. On the other hand, if it rejects around the 21301 (immediate resistance), or if the initial market declines, then it might turn into a range market. Structurally, it might break downside. But we could wait for the proper...
"Good morning, friends! Here are the directions for January 10th: The global market sentiment remains moderately bearish, supported by the Dow Jones, while our local market sentiment reflects a similar trend. It might open with a neutral to slightly gap-down start, as indicated by Giftnifty showing a -45.
Nifty exhibits a triangle structure. If it finds support...
Structurally, Banknifty exhibits a solid bearish sentiment. However, if it finds support around the immediate demand zone, a minimum 38% pullback could be anticipated. If this pullback is sustained and breaks the 38% level, it might extend further. Conversely, if it doesn't find support within the immediate demand zone, the correction is likely to persist.
Finnifty's structure closely resembles that of Banknifty. If the market finds support around the 78% mark, we could anticipate a minimum 38% pullback. If this pullback holds and breaches the 38% level, the upward momentum may persist. Conversely, if it lacks support at that level, the correction is likely to continue
Go through the analysis carefully, and do trade accordingly.
Anup 'BIAS for the day (29-12-2023)
Current price- 1.27400
Trading tips,
use the level shown in the chart for selling and buying. everything mentioned in the chart.
-POSSIBILITY-1
NA
-POSSIBILITY-2
if Gold moves in the selling area as shown in the chart, we will place sell orders and hold them up to...
Go through the analysis carefully, and do trade accordingly.
-POSSIBILITY-1
AS the price is in correction phase,
if Price stays below 1.27478, then next target 1.25500 and it may goes up to 1.23500
-POSSIBILITY-2
if Price breaks 1.10200, then up trend will be resumed and next target will be 1.29700 and 1.31200.
Our trading Preference
Trading tips: (Accuracy...
Attempting breakout, via Inverted head & shoulder pattern
Took swing support at point 0.618 & 0.5
Note: This is just for analysis purpose, please do your own research before punching any orders.
HDFCAMC is giving good opportunity to enter for long term. the entry was missed last time, and this is another try we are giving.
R/R ratio is mentioned in chart..
