MonsterOptions

07:16

MonsterOptions

Hey guys we're looking at the bank nifty hourly chart and welcome back! Let's see what the range and trading levels are for Monday the 18th as you can see I'm taking the sixth April high here as my first resistance level My fifth April high at as the second resistance and the red lines emanating from these respective resistances are your gone angle resistance...

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Gann square resistance for Nifty are 15,876 (126^2) while support level is 15,625 (125^2). Nifty has not closed below this support since June 1 and has found it very difficult to stay above its resistance for more than a day or two in the Daily time frame. Cause & Effect Analysis The most important event to identify is the cause, aka support level from where...

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Coking coal is used in steel mfg as raw material with iron ore. $ACF Futures have broken key resistance $204 in July with support at $200 and resistance at $233 in August. Closing >$233 in Aug. could see coking coal at $266 in Sept.

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Copper Futures tested resistance $4.6275 and closed above support $4.425 in July. The red metal could trade at $4.790 in August. A close above $4.66 is important for #copper this month in view of growing demand for Electric Vehicles.

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SILVER FUTURES has $24.860 for support and $29.150 for resistance in August. The precious metal is still bullish if it can close above $29.15 by this month or September. Target $31.855 this year and $39 by April 2022.