Prem_Agrawal

Prem_Agrawal

Go long on SBIN as Essar Steel's Loan would be recovered more than 90% so the market has shown its reaction and will continue it further.

Prem_Agrawal

Nifty's Option chain is showing Strong Support at 11800 and Strong Resistance at 11900 levels. It has also formed a candlestick pattern similar to Hanging Man which shows Bearish Trend Other Indicators are also giving bearish signals but since its a situation like Blockade its will take time for bulls to change there sentiment So most probably a spinning top...

Prem_Agrawal

Bearish Engulfing Candle has formed which is signalling further down move As its also expiry day some profit booking may be seen which again signals a downtrend Bollinger Band is contracting which shows market my be range-bound As Bollinger Band is showing Rangebound movement and there is a strong resistance level at 11850 level there is a slight possibility...

Prem_Agrawal Updated 

Bank Nifty is not showing any sign of Uptrend or Reversal, and it made a bullish candle just because of the rally in Yes Bank but now I think the momentum may be lost and a semi-downtrend can be expected.

Prem_Agrawal

The candle formed is similar to a spinning top which shows indecision Also, the high of that candle is in resistance region which I don't think would be broken And Another whistleblower has written a letter against the CEO of the Company So take a short Position

Prem_Agrawal

I have been testing and trying these Public Indicators and Some of them are much better to get better insights Sell Nifty as shown by indicators and also BJP is no forming government in Maharastra which is bad news for existing central government which will add up to the Short Selling