NIifty and Bank Nifty are poised for a bounce will this bounce turn into rally or it will fade away is the question. Nifty : Resistance : 25200-25500-25750 Support : 24800-24700 Lakshman Rekha for Bull run is 24500. Bank Nifty : Resistance : 51700-52100-53100 SUpport : 50400 Triangle breakout above 51700.
After 1200 points down side in 5 days, will nifty continue to fall more or it will consolidate for the new upside run ?? Nifty looks oversold in smaller time frame, looking at those it seems we should see some bounce back up ! Overall to stay cautious and stay alert on the indexes, would suggest to stay away from Futures and Options.
ABFRL looking strong Cup Breakout !! Height of the cup : 175 point breakout Zone : 360 Target : 535 Time Frame : Medium Term Return : 50%
ABFRL looking strong Cup Breakout !! Height of the cup : 175 point breakout Zone : 360 Target : 535 Time Frame : Medium Term Return : 50%
Detailed discussion on - NIFTY - BANK NIFTY - METAL INDEX - PSU BANKS
Both Indexes have finally moved together and have given massive breakouts!! Nifty Next journey 26300-26450 level Bank Nifty above 54150 level should see 57250 level Over indexes have great strength.
Flag Pattern breakout @ 8500++ Pole Height : 8000 points Target : 10000-12000-14000-17000 SL 5800 Time Frame : Long Term (18 months ++ )
Nifty has created a 500 points flag pattern on a 30 mins chart, breakout is above 25385 level, if thats done then we should see a strong move till 25800-26200-26400 levels. Bank Nifty has to catch up, it has also shown strength in last week, 52200 is a crucial zone, any close above it will give Bank Nifty open doors for 53150 level and above that 54150 level can...
CNX Bank Index is creating a flag and its at the bottom on the flag pattern, with RSI at 36. It also shows hidden bullish divergence on the daily chart!! 6670 is the base of the flag and it can achieve 11500-12300 levels once it 7600 levels. Its a 2 years positional trade.
Nifty is Poised for a gap down on monday but looks like it has a strong support at 24700-650 levels, if it sustains that then should see a rebounce till 25050 levels. 100 EMA is at the current level 24850 levels as well !! Its going to be a volatile week ahead !!
Weekly Chart Lupin Looks strong!! 10 year breakout done @ 2200 level Rounding Cup pattern breakout as well Cup height : 1500 points Target : 3750 Sl 1580
Nifty and Bank Nifty are poised for a strong upside move if they break their respective resistance. Nifty Resistance : 25300 - 25500 , Above this should open doors for 25800-26200 levels soon!! If Nifty does not clear 25500 then it will be considered as double top pattern. Currently Nifty is also showing negative divergence in daily chart. Bank Nifty has...
Breakout is still pending above 73 once it stays above it opens doors for 90 - 110 levels SL 65
Nifty and Bank Nifty are showing some strength!! We may see new ATH looking at the charts, till the time Nifty does not clear 25300 we are in trouble waters!! Above that level we should see a strong upside movement!! All i can say is stay cautious till tht time, lets see a strong breakout rather then fall in a trap!!
After more then two weeks trading in a zone 24000-24350 levels nifty finally breaks out from the range. On uppers side there is a gap which NIFTY is halfway and looks like it will fill the gap as well!! Gap is from 24700-24300 level Major support zone is at 24100 levels. This week should see NIFTY hitting 24700 and also 24450 levels as well. Which one will...
Nifty Outlook: A Pivotal Week Ahead Nifty remains weak as we enter a crucial week. The index faces stiff resistance at 24,450. A close above this level could open the door to 24,725, but failure to hold it may trigger a drop. Key support lies at 24,150; breaching this could lead to a decline towards 23,850. Adding to the bearish tone, Nifty has broken down from...
A strong breakout at 330 levels A rounding bottom of 170 points height. Target : 500 SL 280
In the coming week we may see a small dip towards 24750-725 levels to cool off the RSI in 30 mins time frame. Once it cools off it will be ready for and upside journey! Targets for NIFTY are 25400-26250 levels in coming 2-3 weeks time frame.