strategy

indiamarketoutlook

Nifty CMP 7765 Nifty has been very volatile and it has been swinging 500 points just like that.... What use to take months now is happening in a couple of hours... So what can one do in such situation Option 1 is stay away from market Option 2 Trade with more focus on risk management. For the current market conditions One may consider the following...

BharatJhunjhunwala

The stock is into dominant trend down and this pullback seems to be corrective. Now the stock has faced resistance and the momentum indicator is also taking a halt at the bearish extreme. Any failure to move above 85 will induce more correction and the stock may further correct to 65 & 44 levels. However a move above 85 may push the stock further towards 103 & 125 levels.

BharatJhunjhunwala

While Nifty did made some attempt to pullback, the same was absent on BankNifty. The movement on the index was weaker than that of nifty and a clear divergence was noticed. Disparity among these two index espically Banknifty lagging is not a sign of strength. While the RSI is into bearish zone below 20 the macd histogram is soaring red, indicating sellers are in...

BharatJhunjhunwala

In our last analysis for USDINR, the set target was 74, which was met this week. The minimum target of the pattern has been attained. The pair surpassed its previous highs and retraced back. The USDINR is trending up, a small divergence was created on RSI after which a correction took place on Friday. 73.55 is short term support for the pair, if it manages to...

BharatJhunjhunwala

The stock 1101 during the day pulling back to close at 1134. Comparing close to close the stock corrected 1.43% compared to Bank Nifty overall. Now the stock is at a support. RSI being heavily oversold the stock may pullback from the current levels to 1160 – 1180 levels, however failing to cross them or creating bear candles at the levels may result into further...

BharatJhunjhunwala

Nifty ended up in a state of confusion. There was no defined action, being the week ending on weekly expiry this was much expected. However Nifty seems to be under pressure. The 12300 levels are intact from last few weeks and has been acting as a effective resistance. If nifty fails to move above 12300 then most probably it will test 11990, 11850 & 11600 in the...

BharatJhunjhunwala

The index closed at a very important level. 30800 level may provide support to the index. The RSI is into neutral zone (a momentum weakness is eminent ) The MACD is below the zero line indicating weakness. Above 31880 levels may act as resistance, giving away supports below 30800 may push the banknifty to 30070, 29630 & 28950.

BharatJhunjhunwala

The stock has closed below and important pivot zone. The next support levels are close to 490 zones, below it the stock may resume trend down again and test 435 – 350 levels. To reclaim bullish structure it has to close above 580levels. The RSI is into bullish zone MACD is displaying positive momentum, any dips to support may be an interesting place to create...

BharatJhunjhunwala

The weekly chart of Nifty displays strong comeback from buyers. The piercing bull candle in uptrend is a clear sign of strength. In the last session Nifty ended after a volatile session creating a narrow range candle, the daily prices halted at 61.8% retracement of the corrective leg. The RSI taking resistance at 45 ma and curling down while MACD is into bearish...

vigneshwaraj

Last month downward breakout is still intact. MACD confirms bearishness. Expect Feb month expiry would be below 12450 level.

vigneshwaraj

Downward breakout from the trend line confirms the bearishness. MACD reiterate the negative sentiment. Expect it to expire below 770 for this month. Any rise could invite selling pressure.

BharatJhunjhunwala

Notice that we have marked a very bullish scenario on the index. We believe that the budget can be a vitamin for the expected move. The index has been displaying strength & have hold on to an important pivot point on the chart. 30500 is a very important pivot for the index, if it holds here then a good move up is possible. Below this a sharp correction may grab...

BharatJhunjhunwala

The stock registered a breakout this week and have managed a close above the clouds. The RSI has moved into the bullish zones with MACD above zero. The stock has become a long candidate an pullbacks. Levels of 560 – 545 may provide support to the stock and it may move up to 580, 590 & 620 levels. If the stock fails to hold itself at 545 levels then it may further...

MohammedJunaid

Please consult your financial advisor before taking a position in this. SELL BIOCON at 299 with Stop-loss of 305 and Target of 286

BharatJhunjhunwala

Since couple of weeks this mammoth was taking a nap, today’s price action seems to wake it up. A bounce from the support area with a bullish candle is indicative of the underlying strength in the stock. The RSI is into bullish zone and MACD too into bullish area taking support on neutral zone. The momentum is turning up in the coming sessions the stock is expected...

BharatJhunjhunwala

The index created a new high this week, failing to close above it. The small body candles are creating a value area at the highs, it’s very important for Nifty to move above this value area to establish strength, the rally is fueled by small and mid caps, Nifty should support this overall movement. While the RSI is displaying divergence, the major momentum doesn't...

BharatJhunjhunwala

The index pulled back in a great way after the Middle East tensions. The prices halted at the previous highs. The momentum (RSI) is into a sideways zone and still diverging with the price. A sustenance above 12290 may push up the prices to 12360 – 12500 levels, however any failure to sustain above the levels may push nifty to 11930 where it may find support. The...

BharatJhunjhunwala

Finally a eventful week ends. This week made trading the most difficult task. Price actions were impacted by the tensions between Middle East and US. In the end the indices did manage to sustain most of the losses that were made by the attack news. The last candle on bank nifty was undeceive though the weekly close resulted into a hammer.31450 levels will serve as...