Despite a weak opening, markets picked up the pace and closed higher. However, the advance-decline ratio was not favorable, with 28 of the Nifty50 stocks closing in the red.
Among the Nifty sectoral indices, IT (+3.1%) and Pharma (+0.3%) were top gainers, whereas Realty (-0.9%) and PSU Bank (-0.5%) were the top losers.
Asian Markets and European Markets are...
Nifty View: A 35 points up move from the benchmark Nifty in today’s session to post a close at 15,869. Thanks to this move the underlying short term trend now turn UP, again. Now the big deal going forward is how well the index deals with the immediate resistance of (15,900-15,930). This has been a proven range of resistance and so the index will need some fresh...
After making a good excess low around 11 a.m. - seen in the chart as a doji with a long lower tail, Nifty Futures rallied higher and made a breakout around 1 p.m. - see the strong green candle with higher volume. Thereafter till 2.45, it made three small red candles on lower volumes as compared to the big green candle. The three candles were all within the range...
Nifty View: The benchmark Nifty index gains 122 points in today’s trading session to inch back towards the upper border of the recent range within which the index is stuck for over five weeks. The underlying short term trend is set for a reversal on the upside now - this is not surprising as such frequent trend reversals are very common in range-bound markets. A...
Today's (13/7/2020) Intraday Nifty Gann Support and Resistance Levels are:
Nifty
R1:15725 R2:15787 R3:15850 R4:15913
S1:15683 S2:15662 S3:15600 S4:15537
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking...
Since June 15 Nifty is in correction phase and it may start its impulsive wave 5 above 15811 level and for the impulsive wave target is 16530, in wave 4 correction it is forming expanding triangle which indicates end of correction
ONE SHOULD BE CAUTIOUS :
RIGHT TIME TO BOOK PROFIT?
STRONG BEARISH DIVERGENCE SPOTTED ON BOTH 1DAY & 1WEEK TIME FRAME FORMED.
FII CONSECUTIVE MONTHLY SELLING SINCE APRIL 2021 (APRIL-12700cr, MAY-6015cr, JUNE-26cr & JULY-500cr) July fig as 12-07-21
Nifty View: A disappointing close for the benchmark Nifty index in today’s session as it slips over 100 points from its intra-day high of 15,811. At an intraday low of 15,657, the index yet again tests the short term support range of (15,650-15,700). Clearly, this has proven itself to be a crucial level for the short term time frame. A break and sustained close...
Bullish above 15680 - 15720 for the targets 15780, 15820, 15860, 15920 and 15980. Bearish beow 15660 for the targets 15620, 15560, 15520, 15460 and 15420.
