As market was in strong momentum from a week as every candle was forming bigger than previous....
Last candle was form red showing weakness in momentum.....and also trading at upper level of channel.....which may cause resistance.....
Bank Nifty making dojis on range looks like it side ways today but trend says bullish if take at support marked range ( black lines on chart ) & makes a big green bar candle then an upward move can be seen.
Yesterday was the day of consolidation , where nifty had traded in a choppy zone .
Still 16800 is a hope for the Bulls as a support and most of the Bulls are eagerly waiting for a breakout of 17180 on closing basis.
As of now be cautious and keep following cherry picking strategy.
SEBI Registered Research Analyst
Marico Is still Side ways Zone
i Want Investing in this Stock is Waste of money and time
Marico operates in Beauty and Wellness segment in Hair Care, Skin care, Healthcare and Male Grooming categories across India and outside India. More than 90% of the Group’s turnover comes from categories in which Marico enjoys No. 1 or No. 2 position.
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As we discussed in previous idea , if nifty break 18000 level we may see more selling to 17900-800 levels , as it did in friday trading session.
Now , you can see simple Resistance and Support area in the chart , we may expect this week in this zone , so try to buy at support level and sell at resistance level
let price make a reversal pattern at the support...
The level of 18350-18400 has acted as crucial resistance in the past
Immediate Support at 18258 odd levels
High risk traders may consider buying Nifty 17 Nov expiry 18300 Put option between 58-66 (CMP 62.50)
Target 84 / 96 / 102
- The view expressed here is my personal view
- Past performance is not a guarantee for future...
I have observed that Kotak Mahindra Bank is in weekly range of 1650-2000 since two years. Bank Nifty has shot-up up to 71 percent in last two years. Kotak Mahindra Bank is one of the fig four bank in major four private banks namely HDFC, ICICI, Axis and Kotak.
Still kotak mahindra bank is within the range. If, Kotak Mahindra Bank breaks range of 2000 and moves...
Nifty gave an inside bar on weekly charts, suggesting a breakout on either side of the range that is 16950-17335. But a breakout trade should be taken on break of these levels only, till then a little churning on either side will be my target for this week.
Supply and demand levels are marked in charts itself and I will trade this week with these levels only.
Chart shows a 39750 Is the resistance and 39000 support
1. IF Tomarrow open gap up wait15 min close and price action .it is in small range
2. IF open in flat i was i thin it will be sideways for 11.00 clock or 12.00 clock it will break out or breakdown
3. IF gap down if cross and close the trendline or trendline then sell the call option
Check the Previous data when they is a slow and study rally then it will have side ways market
IF 39850 Market broken then we may can expect up move other wise it will in side ways
so plz check the previous data
Note : IT is Just my prediction and maket can happend any thing
In the week gone by NIFTY has made an inside bar on weekly charts. However the price action for the last five weeks clearly show buying emerging at lower levels and one can see higher lows being registered in the last five weeks. Based on price action in shorter time frame and also after looking at the FnO data we think the market is likely trade sideways with in...