AUDUSD reverses Friday’s pullback from the key moving average while picking up bids to 0.7286 during early Monday. In doing so, the Aussie bulls brace for another battle with the 200-SMA level of 0.7305. However, any further upside needs to cross the previous week’s top surrounding 0.7315 to extend the run-up towards the mid-month peak surrounding 0.7345-50. In a...
BUY : 182 TO 161
TARGET : 238 TO 281
Reason For Buying This Script :
In this script after long rally now it happening some consolidation in weekly . And also forming flag pattern in weekly time frame .
Wait for flag breakout .
Above given levels are based on monthly & weekly time frame . So be patience it will take some days to achieve...
Can the premium or discount in Index Futures tell us anything about upcoming market moves?
Generally, when discount widens, the bearish mood of the market is increasing. When premium widens, the bullish mood of the market is increasing.
However, sometimes premium may also fall due to:
1. When FII’s are long on the markets, they short Nifty futures as a hedge....
Reversed from 200 EMA, again took support of 50% Fibo and Holding at 0.618% with Bullish Hammer and 2090 is the target for Tuesday and it will be unstoppable after 2100. Google’s 33000 cr investment will be coming soon, bought 96% stake in Urban Ladder.
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Asian Paint has crucial Fibo 0.5 resistance at 1255. Can be shorted below 1255 for 1240-1230-1220. Also in case the share bounces from the resistance of 1255. Look to short around 1275.
Please consider the following reasons :
1. Trend Line
2. Bearish candle on Daily Chart
3. Double Top Formation
4. Poor market sentiment