Good Morning Everyone,
Guy's we have seen consolidation in entire day, Earlier i was thinking Nifty will break above 19450 levels and sustains, but nifty did not worked accordingly, and Sensex also closed 140 points down. If i talk about today's Global market view, then seems pressure in market, all global market is showing mix to negative cues. Our Gift Nifty is...
Hello Traders Good morning. i hope you all will be doing good in Trading and in your life as well.
I have brought analysis on Sensex first time since i have started posting my ideas here, As we all know today's Sensex Expiry day. So will try to find a best trade from our analysis. Well i have marked all best possible levels for buying and selling. But still i will...
Attached: Sensex Daily Chart as of 19th June 2023
The Ending Diagonal is more evident and clean in BSE Sensex rather than NSE Nifty 50 (although you can observe in Nifty as well), which is why I have chosen to share the Sensex Chart
Observe:
- A well defined trend line with multiple touch points
- Presence of a Bearish RSI Divergence
- Daily MACD already in Sell...
Attached: BSE Sensex Daily Chart as of 25th April 2023
Yes you read the Title of this Post correct, to put it simply:
Nifty is Deceptive but the Sensex is Truthful
In the above BSE Sensex 30 Chart,
we see that Price is facing Resistance at the Channel Trend Line drawn from the December 2022 High. There are presently 3 touch points already for the Channel and...
On Weekly Charts...
Closed above important support zone...
Lets hope...it bounces back.... to at least 52500 levels marked..
Any weekly close above 52516 will give a small positive bias to the market..
Important bounce back levels marked..
Happy investing.....
Technical Outlook- 2200, an important round number, seems like a very good support on charts.
Fundamental Outlook- Goldman Sachs reiterates Buy on RIL, commentating on Underappreciated Retail Growth Opportunity citing their:-
