Long bearish candle and trading below its 20DEMA of 52050,Next major support lies at 50900 its 50DEMA,Till BNIFTY gives a close above 52000 expect sell on rise.If breaches 50900 on closing basis expect more fall towards 49500(For educational purpose only)
SONATA: Has a bullish gap which remains to be filled from 580-620,sustaining at 580 levels i will target T1:600-620 T2:620-650 T3:650-700 with a SL of 550(For educational purpose only)
BNIFTY : As per 30 min chart exactly lies between its immediate resistance and support zone-which is a no trade zone for me. Would be a buyer above 52700 as the index will make an attempt the BULLISH Gap stretching upto 53000,would be a seller if it breaches 52400 for a tgt of 52000 as it will make an attempt to fill the bearish gap extending upto 52000for...
NATURAL GAS:Has sucessfully breached its horizontal trend line resistence.likely EMA Cross over suggests a move towards 202-205 with 197 SL(For educational purpose only)
INDUSIND: At 1535 has started to show signs of 10/20DEMA Crossover above 200DEMA in daily chart. Prefer to go long for a positional target of 1570+(for educational purpose only)
TILAK NAGAR :Volume,price move alongwith DEMA Positive cross over suggests likely break out above 250 towards 260-280 band.Stoch.RSI at around 60 also suggests scope for an upward journey(For educational purpose only)
NIFTY : Witnessed one of its worst day tanking 1000+ points. IND VIX which is hovering a round 26 is also threating to give a breakout towards 30-36-not a good sign for trade as volatility and swing on both sides is expected to be wild. NIFTY which is at 21800 will act as a critical support, close below 21800 likely to drag it towards 21500 whereas 21200 will act...
BNIFTY : Breached short term DEMAs.has its 50DEMA falling at 47000-47050 as the major support,breaching this level expect 500+ points fall(for educational purpose only)
BNIFTY:Witnessed a side way move without any clear direction.Based on 15Min chart i will be a buyer if it breaches and holds at 49050 for a Target of 49250-350 followed by 49490 .support lies at 48700-800. will watch out for Positive DEMA Cross over in 15Min chart also(For educational purpose only )
LUPIN: 20DEMA Golden crossover above 50/100/200 in hourly chart and Flag formation in Hourly chart suggests a likely breakout if ir manages to sustain 1640 levels for a target of 1660+
GIFT NIFTY:Has formed a flag pattern in 15M/30M Chart and as per the pattern expect a 100 point move towards 22750+(For educational purpose only)
ENGINEERS INDIA : Has formed a nice inv Head & shoulder pattern in daily chart.Holding above 240 foresee a target of 260+ in the near future as per the pattern(For educational purpose only)
BNIFTY: After threating to fall all the major supports,BNIFTY bounced back sharply and managed to give a close above its 25DEMA. Positive DEMA Cross over in 5Min/15 Min charts once again gives a hint on a possible rally n bank nifty.If it mmanages to sustain at 47500 levels the next level of resistances are R1 47800 2.R2: 48000-48100 .R3 48400-500.Between...
GIFT NIFTY: Likely to breach trend line resistance and if it breaches 22200 chances are higher for testing 22300 + soon(For educational purpose only)
JSW STEEL:Has formed a double bpttom and positive DEMA Crossover suggests a move towards 870+(For educational purpose only)
SOLARA ACTIVE PHARMA : 20 DEMA Crossover above 50DEMA Crossover Stochastic RSI above 50 in weekly suggests if it holds 550 shall expect 600-630(For educational purpose only)
Hi all, Are you aware you will be able to do charting for options also-a new feature incorporated now. BANK NIFTY 47800CE -DEMA Cross over in 5 min chart and likely cross over n 15 min chart indicates buy at 330-340 levels likely to test 400-450+ may try with strict SL as per your risk appetite (For educational purpose only)
BNIFTY : As told earlier took long call at 47150-its 50DEMA for a target of 47500-600+ with a SL of 47100(For educational purpose only)