Bank Nifty for the coming week.....Hello Friends!!
I hope all of you are doing well!!!!
If Bank Nifty comes in green and the matter is sought out between Iran and Israel... then the drawn line shall be the resistance for the Bank Nifty or it will be easily breakable .....
Pl. provide your views.....
Keep Learning with NG!!
Worldmarkets
FTSE100 indexIs the UK index or the FTSE100 index ready for a big rally in the coming days ??charts show a highly bullish breakout and also sustaining above the resistance of 7600 levels , index has almost 20% upside open before any major hurdles , 6 days to go for monthly candle closing and a closing above 7600 levels can give a confirmation of coming rally , view invalid if monthly candle closes below
Bitcoin Price ForecastCrypto Market has no strong confirmation of reversal.
Bitcoin volume since one month looks low and a bit worrisome. Until it is in the channel and a good bounce back from 28k $ level will pick the market momentum, a breakout on downside will test 19K $ and blood bath will witness once again.
Key SAR level are
R1 / R2 : 36k$ / 41k$
S1 / S2 : 28k $ / 19K$
DOW JONES THIS WEEKKeep watching Global market...any time we can expect a profit booking..
- On January 20, Joe Biden will officially become president - this is an major event in this month
- Finance Minister Nirmala Sitharaman will present Union Budget on February 1
These are the major upcoming events.....keep an eye on it....
Be fearful when others are greedy....
indian market hitting new and new high significantly.....So be fearful.
NASDAQ INDEX- HEAD & SHOULDER PATTERN Not a trading call. Purely for Educational Purpose. Consult Financial Advisor before taking any trades.
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Pattern Name-Head & Shoulder
The pattern forming right at the top- What does indicates? Question - Market Participants Need to Ask Themselves
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If the pattern is correct - the target is the vertical distance from the head top to the neckline
E- wave or Extradition Bill -Hong Kong- Is it too late?Disclaimer
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Trading Strategy
Daily Outlook
Index is close to the current supply zone 11025-11050 & this zone acted as supply zone even earlier so we need to be careful. Any upside extension can be expected once index sustains above 11050 where It has scope to travel upside in 11100-11125 & it shall face key resistance zone of 11140-11150.
Few confirmations required for short term trading
Trade below 10950
Break of the rising channel which holds – “wave-e”
Initial clue confirmed with bearish Candlestick pattern- Evening Star
Weekly outlook –
Bearish Till Critical Level of 11200 acts as resistance (holding stops above that level) our downside objective – 10750/10630-10650/10580/Below 10580 for 10525-10535.
Don’t forget to tune in the next video idea – on “Gold at 15K– Raising Mercury Level’s ”
Dow Jones | DJi | negative signs | have a distanceOn the last Friday, DJI has tanked almost 2%.
after the 2008 recession, this is the first time we are observing a heavy pressure. World markets are also showing negative numbers.
no one will tell you to have a distance from the market, because they will short on your positions.
In the market, everyone wants the profits.
be aware, you will make money if you learn not to lose money.
they will start pramotions about recession when they want to give panic to all and have big profits.
if you are holding solid companies then not to worry. 2019 can be 'no profits' year but it will be a good opportunity to add more.