Technical
NIFTY 50NIFTY50 will most probably find support around the trend line. Wait to buy when it forms support around the trend line. If it breaks the trend line it may find next support around 11426 as it might fill the gap. WAIT FOR SUPPORT OR BREAKOUT AROUND THE TREND LINE. ALSO, support is present at 11360.
If the trend line breaks the first target can be 11426, the second target can be 11360.
And if, it finds support on the trend line the levels to watch out for is 11637 as it may find resistance.
Sell MUTHOOTFIN cmp 571 Average Near 620 TGT 520 PositionalSELL CMP 571
ADD MORE AVERAGE NEAR 620
TARGET 520
POSITIONAL ( TIME HORIZON 3 MONTH ROLLOVER DERIVATIVE CONTRACTS)
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what expect banknifty In 11/04/2019 as expiry ! bankniftybanknifty as near to strong support, this level not easily cross by banknifty as per market condition. Rupis (RS) is strong againts Dollar and also FII is strong, and important thing is some experiance researcher say banknifty goes up to 35000 in near two months, banknifty goes down 300 point and more and after it level be resistance if banknifty crossed this level. but very less chance to be this side.
NSE:BANKNIFTY
Bitcoin Short Term Target : $3550?Bitcoin has risen from $3121 to $4250 in 5 Elliot Impulsive Waves. By the time we reached $4250, the Bullish momentum has ran out. RSI was oversold and also StochRSI showing weakness in Bulls.
Since then, we're in ABC Zigzag correction. Currently, we're in C wave and possible target would be $3550 which is also 0.618 Fib level of this overall Bullish rally.
GBPCAD: Primary resistant influencing the price range. Hello traders,
A slow recuperation from the 1.6700 empowered GBPCAD to streak almost six-week high, the match needs to overcome the 1.7225-30 opposition juncture, five-month-old plunging pattern line, so as to go for the 1.7310 and the 1.7420 numbers toward the north. Should costs effectively exchange past 1.7420, the 1.7560, the 1.7650 and the 1.7730 are likely after figures to engage purchasers.
In the event that the statement neglects to give every day shutting above 1.7230, it can observer pullback towards the 1.7160, the 1.7050 and the 1.7000 sequential help levels. In addition, dealers' continued strength past-1.7000 may offer ascent to the 1.6950, the 1.6800 and upward inclining support, at 1.6725, to show up on their radar to target.
Happy trading.
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PNB fine tuned Technical. Even though it was 8% RED candle, only 2.92% OI was increased. Naturally, Active FNO Traders had lost their interest. 19446K shares were marked as delivery in 139040K trading volume resulting only 13.99% marked delivery of total volume. If any body analyse marked delivery as well as trading volume, it guides that only Intraday Traders had interest in the counter. Volume was one of the highest during last quarter. They hammered with big volume. Share was hardly recovered from its bottom, as it had short tail of 0.60 in future rates.
One can easily guess that during next session, share shall get followup. Hardly there are scope of recovery until some extraordinary announcement.
Big RED candles has followup. Big means how big? Normally bigger than 2.5% RED candle having huge volume in daily chart, gets followups.
RELIANCE 18 July Week Prediction SELLDue to bad resolution picture might confuse. Image below
Recommendation is sell. Based on technical analysis I predict it will go down with and follow 65 Degree down trend. Based on today (17th July) it might appear other way around and most individual trader might like to enter Long position. This is exactly big fish wants. Expect current week Reliance downward swing.
Caution : Enter Fresh Short position only post observing 18 July 15 Min trend (look for volume to confirm big fish direction)
NSE:RELIANCE
EURUD LongThe pair is currently at the major market structure, we can also see that it reacted very well to the support zone. Expect very bullish trend in the upcoming days after the GDP number release of EUR! The numbers will be positive or neutral for the most part and also since DXY is falling , EU will go up!
Nifty Short Term View. Heading to 10600-10700 Levels.As said in earlier post 10500 done. Markets corrected and looks like formed a bottom at 10260-10250 levels. A close below 10230 would be considered as reversal. Markets may see another life time high in couple of weeks. Anticipating 10700 for now.