Pramod-Kumar-Vanamala

Pramod-Kumar-Vanamala

Current Market Price (CMP): 50,270 USD RECOMMENDATION: Buy on DIPS until 47,500 USD TARGET: 60,000 USD and ABOVE STOP LOSS: 45,000 USD HOLDING TIME: 4 Months

Pramod-Kumar-Vanamala

Going below 80 indicates MILD WEAKNESS. Going below 70 indicates EXTREME WEAKNESS. The 3 lines of CHANNEL may act as SUPPORT or RESISTANCE. BREAKOUT above CHANNEL LINE - GO LONG. BREAKDOWN below CHANNEL LINE - GO SHORT.

Pramod-Kumar-Vanamala

The 3 lines of CHANNEL may act as SUPPORT or RESISTANCE. BREAKOUT above CHANNEL LINE - GO LONG. BREAKDOWN below CHANNEL LINE - GO SHORT.

Pramod-Kumar-Vanamala

The 3 lines of CHANNEL may act as SUPPORT or RESISTANCE. BREAKOUT above CHANNEL LINE - GO LONG. BREAKDOWN below CHANNEL LINE - GO SHORT.

Pramod-Kumar-Vanamala

BUY Above 17050... SELL Below 16950... The 3 lines of CHANNEL may act as SUPPORT or RESISTANCE. BREAKOUT above CHANNEL LINE - GO LONG. BREAKDOWN below CHANNEL LINE - GO SHORT.

Pramod-Kumar-Vanamala

Buy Above 17100. Sell Below 16900. The new Margin rules begin from tomorrow.

Pramod-Kumar-Vanamala

NIFTY looks Extremely Bullish without any Selling Pressure even at these levels. After today's rally, it is likely to be RANGE bound around 16800-16900 level. Or it may RETRACE to 16700-16800 before any fresh UP MOVE.

Pramod-Kumar-Vanamala

As long as 35000 is held, there's still room for UPMOVE after current correction/consolidation. 35200-35300 is the immediate SUPPORT zone. 35900-36000 would be the immediate RESISTANCE zone.

Pramod-Kumar-Vanamala

Nifty was unable to move towards Previous Day High - PDH . 16680 is the immediate Resistance. Fibonacci levels are the immediate supports.