AlgoBoffin

AlgoBoffin Updated 

#VodaIdea Hopefully, things can change. If I'm in the right direction then we may see 50 Rs in 3rd Wave. NSE:IDEA

AlgoBoffin

#Nifty 17380 may hold, 17800 possible from here but risky also.

AlgoBoffin

#UKOIL 88-90$ is seen as strong resistance, If unable to sustain above 89$ then possible correction up to 36$. then we may expect All-Time High again after a few years but no guarantee for ATH again because of progress in Electric Vehicles.

AlgoBoffin

#NDX Main Trend seen completed in Nasdaq. If the current downtrend is only Profit Booking then Yellow Wave (ABC) structure is possible. If Nasdaq turns to Bear Market (If 2009-2021 Wave complete) then 1st Downtrend Wave may be like Red Wave (ABC).

AlgoBoffin

#BajajFinance If no New High above 8050 then the Bulls need to show power near 3100 in the next 6 months.

AlgoBoffin

#Reliance Do above 2751 or Die from here What happens next if there is no new height? Only time will tell whether there will be a decline of 46% or 71% from 2751?

AlgoBoffin

#MindTree seen in Big Bubble, It may destroy too much money.

AlgoBoffin

#BankNifty If 38850 hold as a high then 36500 is possible.

AlgoBoffin

USDINR Only Close below 73 will be Bearish. Great Setup for Target New High in USDINR for Target 82 in next 9-12 Months.

AlgoBoffin

#Nifty50 How the market might behave in 2022-2023 if there are no new highs above 18600. Every Redline is the support level of the Nifty based on Swing High/Low. Why 18600 is the assumption for Major Top? It's the Great Fibonacci Number Calculated in the March-April 2021.

AlgoBoffin

#Nifty50 If Nifty is unable to close above 18135 & unable to hold 18000 in this week (till 14 January) then It will be special confirmation of It was a just Relief Rally & 18605 is a Major Top. This #Projection is based on Historical Pattern of Market.

AlgoBoffin

#Brent #UKOIL #Crude Max to max again 86$ seen possible but If unable to sustain above 86$ then? 1: Interest rate hikes & Tappering in Bond buying will increase Dollar Values against every currency. 2: If unlimited given support by Central Bankers will not perform well then demand will reduce & supply will increase.

AlgoBoffin

#HDFCBank Poor structure & It is still near 52 Week Avg price. If unable to breach 1600 then It may continue to fall up to 1250.

AlgoBoffin

#BankNifty 38500 was the expected maximum target, If it sustains above 38500 then 39000-39500 is possible. But It may react as a strong Resistance. Don't be surprised if 37000 almost test today to till tomorrow.

AlgoBoffin

#Nifty50 18020 to 18180 is seen Resistance (Supply Zone) If close above 18180 then possible target 18400 16680 to 16820 is seen Support (Demand Zone) If close below 16680 then possible target new low

AlgoBoffin

#BankNifty is very close to the target. there is very little difference between 38260 (today's high) & the expected target of 38500. I think We should be neutral now. HDFC Bank, ICICI Bank & SBI may become #BewafaSanam. The structure of HDFC, ICICI & State Banks are not looking good after 12.50% gain from the Bottom in the BankNifty. In Bullish condition, If only...

AlgoBoffin

#Nifty50 Tomorrow is the 11-01-2022 Closing above 18135 is very important for Bulls in the coming days. Otherwise, 15135 will open for the test strength of the Bulls.

AlgoBoffin

#SPX When SPX broke out to new all-time highs at the end of 2021 and the beginning of 2022, it left behind support at 4700 – the area of the old highs. That level is now being broken & I'm assuming Major top done of 2009-2021 Bull Cycle.