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15TH DEC Bank Nifty : Buy or Short? MARKET FALL Bank nifty Depend on Federal Reserve policy .If Rate High there is US Market Fall Similarly Indian Market also Fall. If Rate not that much high then there is Market will High with Good Rally.So Be flexible view with both Side. Now Move to Bank Nifty in One Day Chart Bearish Hammer, as well made Continues Higher low. BUY 15th DEC 43900 CE : above 44090 sustain 10-15Min. On Target 44200-44300 SELL 15th DEC 44100 PE: above 44000 Sustain 10-15 MIN. On target 43900-43800
NSE:BANKNIFTYShort
by vahabsheikh
1
USDCAD has more upside to track but 1.3700 is the key hurdleUSDCAD grabbed the bull’s attention ever since it crossed a two-month-old descending resistance line, now support around 1.3500. The upside bias also takes clues from the firmer RSI and MACD. However, the 61.8% Fibonacci retracement level of the pair’s October-November downside, near 1.3695, appears a tough nut to crack for buyers. Also acting as an upside filter is the monthly high of 1.3700, a break of which could quickly propel the quote towards November’s peak surrounding 1.3805. It’s worth noting that the Loonie pair’s run-up beyond 1.3805 could aim for October’s high near 1.3980, as well as the 1.4000 psychological magnet. Meanwhile, the 50% Fibonacci retracement level near 1.3600 restricts the USDCAD pair’s short-term downside ahead of highlighting the 1.3500 support confluence including the resistance-turned-support line from October and the 38.2% Fibonacci retracement level. Even if the pair declines below 1.3500, a convergence of 100-SMA and 200-SMA at 1.3485 appears strong support. Overall, USDCAD is likely to rise further but the 1.3700 resistance challenges the bulls.
by MTradingGlobal
Short term bearish outlook on niftyThe price has come out of the regression channel and took a bearish path. Considering the price pattern structure, it was expected the market to spend some time around important breakouts, this time it was about price sustainability over ATH, as we broke the previous high of 18600, it was expected the price behavior to become sideways, this is a usual phenomenon before important price action. It puts investors and traders in a conundrum that results in a lack of participation. Then news of an interest rate hike of 0.35% changed the direction of the market. Next support is at 18150-18250 range
NSE:NIFTY1!
by OK_Rane
1
NIFTY WANTS TO GO UPWeaknesses is increasing in nifty day by day. As you see in chart nifty made all time high @ 18887.6. Also, Yesterday nifty tried to go up but it was a trap (we discussed it in my early post). Now, In chart you can observe that nifty has strong resistance which is indicated with red line. Today, nifty gave us false signal at point B. So, we can consider Yesterday's low as support which is confirmed by today's low @ 14:15PM candle. 18550-18525 (Blue box) is considered as resistance for tomorrow. At last point A is the most important. Volumes in both candles are almost equal but last candle can't break second last candle's high. In conclusion, Nifty is still in pressure.
NSE:NIFTY
by JatinSonara
SUZLON --WEEKLY TREND --ANALYSIS SUZLON --WEEKLY CHART --TREND ANALYSIS 1. stock trading at upper channel consistently on weekly chart 2. current channel support seen at 8-9 level and resistance seen 12-15 level 3. currently stock at uptrend as Weekly RSI above 60 and above WMA 4. stock trading above 44,100,200 HMA 5. one can initiate BUY near channel support if any correction 8.50-9 Level and above for target 12-15 medium term . stop loss can place bellow strong support line at 6 ** THIS IDEA IS FOR EDUCATIONAL PURPOSE .. ** TRADE AT OWN RISK ,!! HAPPY TRADING. !.
NSE:SUZLONLong
by champtrade111
BPCL : SWING ANALYSIS BPCL : As per the analysis drawn, it seems that the short is triggered and that the bullish strength should now start to wane. This should lead to a move towards the sell side, which will eventually come into play. The short-term trend seems to be in favour of the bears and a sell around 340-342 with a stop loss near 347 looks like a good idea for a potential sell side target around 330-327. The market has been volatile lately and this trade setup should be watched closely. This analysis is only for the educational purpose and should not be considered as a recommendation. There are many different factors to consider when making investment decisions, and this post does not take into account all of those factors. This post is not intended to be investment advice, and you should always consult with a financial advisor before making any investment decisions.
NSE:BPCLShort
by intelligence7
3
EURUSD grinds higher inside three-week-old bullish channelEURUSD is likely to end the two-week-old winning streak as traders brace for key consumer-centric data from the US. However, an ascending trend channel from November 15 portrays the short-term bullish bias of traders. That said, the monthly high surrounding 1.0600 and the stated channel’s top near 1.0620 limits the quote’s immediate advances. In a case where the pair defies the bullish chart pattern by crossing the 1.0620 hurdle, the upward trajectory could aim for May’s high near 1.0785. On the downside, the 100-SMA level of 1.0400 restricts the nearby downside of the major currency pair, a break of which will highlight the channel’s support line surrounding 1.0380. Should the EURUSD bears manage to conquer the 1.0380 support, the odds of witnessing a slump toward the 200-SMA level near 1.0200 can’t be ruled out. However, tops marked during late October and early November close to 1.0100-0090 offer a strong support zone to the sellers. Overall, EURUSD remains firmer inside the bullish chart formation but the upside room appears to be limited.
by MTradingGlobal
Be Careful with Nifty50As I said in title that “Be Careful with Nifty50”. 9th December can be hard for some trader. If you are new try to avoid trad for tomorrow. As you can see in picture Point A was our first clue of trend. After touched Point A nifty made New Low @ 18577.90. Same situation in Point B, After Touched Point B it made new low @ 18564.5. Now, Point C is little bit tough. At Point C nifty can’t even break today’s low which is @ 18536.95. According to me, 18600-18650 is trap.
NSE:NIFTY
by JatinSonara
6
Rising wedge teases gold sellers below $1,800Gold buyers appear running out of steam, despite grinding around $1,770 of late. That said, the metal portrays a one-month-old rising wedge bearish chart pattern, recently poking the support line of the formation surrounding $1,773. However, the 100-SMA acts as an extra filter towards the south near $1,763 before directing the metal bears toward the theoretical target of around $1,627. It should be noted that the 200-SMA level around $1,720 and the $1,700 round figure could act as intermediate halts during the anticipated fall. Alternatively, the $1,800 threshold could restrict the short-term recovery of the gold price. However, an upside clearance of the $1,813 hurdle becomes necessary to defy the bearish formation. Following that, a gradual run-up towards June’s peak surrounding $1,880 can’t be ruled out. In a case where the metal buyers keep the reins past $1,880, the $1,900 round figure and May’s peak near $1,910 will be in focus. Overall, gold awaits a fresh signal to welcome bears as it prints the rising wedge formation on the four-hour play.
OANDA:XAUUSD
by MTradingGlobal
USDCAD signals further run-up towards 1.3800 ahead of BOCA clear upside break of the 50-DMA and a descending trend line from October’s peak keeps USDCAD bulls hopeful ahead of the Bank of Canada’s (BOC) interest rate hike announcement. That said, the Loonie pair’s upside towards the previous monthly top surrounding 1.3800 appears imminent. However, multiple hurdles near 1.3850 could challenge the quote’s additional north-run, a break of which will direct the buyers towards the yearly high marked in October surrounding 1.3980. Alternatively, USDCAD pullback remains elusive unless the quote remains beyond the 50-DMA level near 1.3565. Also testing the bears is the aforementioned resistance line from October 13, now support near 1.3550. It’s worth noting that the three-week-old ascending support line, close to 1.3430, acts as an additional downside filter for the Loonie pair before directing the bears towards the 1.3230-25 horizontal support comprising July’s high and November’s low. Overall, the USDCAD pair has already flashed a bullish signal before the BOC’s widely anticipated rate hike.
by MTradingGlobal
AUDUSD needs to cross 200-DMA for further upsideAUDUSD grinds near a three-month high as the RBA lifts benchmark interest rate by 0.25%, as expected. Given the RSI pullback from the overbought conditions, a monthly resistance line near 0.6740 restricts the quote’s immediate upside ahead of the key six-month-old descending trend line, near 0.6880 by the press time. Even so, the 200-DMA level around 0.6920 becomes the last defense of the pair sellers and may probe the north run afterward. In a case where the Aussie pair remains firmer past 0.6920, a run-up towards the tops marked in August, close to 0.7010 and 0.7135, will be in focus. Alternatively, a daily closing below the the 100-DMA and July’s low near 0.6680-85 could please the AUD/USD bears. In a case where the Aussie pair remains weak past 0.6680, a south-run towards October’s peak near 0.6545 can’t be ruled out. It should be noted that the quote’s weakness past 0.6545 will make it vulnerable to challenging the yearly low surrounding 0.6170. Overall, AUDUSD approaches the key resistances but the buyers seem running out of fuel.
by MTradingGlobal
USDJPY has more room towards the south as it breaks 200-DMAUSDJPY is under immense pressure as it breaks the 200-DMA support, as well as marks the 3.5-month low. Even though the oversold RSI suggests a mild corrective bounce, the trend appears bearish after it broke an upward-sloping support line from late May. That said, the bears currently aim for the 78.6% Fibonacci retracement level of the pair’s May-October upside, around 132.00. If the quote fails to rebound from the key Fibonacci retracement level, the August month’s low near 130.40 and the 130.00 round figure may act as the last defense of the buyers. Alternatively, recovery moves need to provide a daily closing beyond the 200-DMA level of 134.60 to tease intraday buyers. Even so, a corrective bounce needs to cross the 137.40 resistance confluence comprising the previous support line from May and a monthly descending trend line. Should the quote rises past 137.40, another trend line from October 21, close to 140.25, will be crucial before giving control to buyers. Overall, USDJPY is likely to witness further downside towards 132.00 but further downside appears bumpy.
by MTradingGlobal