FINNIFTY technically moving with an upward trend. No major fundamentals are supporting a change in a technical pattern other than the India-Mauritious tax issue on FIIs. But it is unlikely to affect Buying at lower levels
Buy can be initiated between 21000-20500
Make sure that one can Handling 500 points of volatility
800-1000 points can be expected before ...
48800 remains a strong resistance and the attempt to break has failed multiple times. The market is likely to make one more attempt to touch 50K before returning to 46000
Weekly Support: 47900 => 46650
Weekly Resistance: 48900
Trend: May Reverse to Bearish
Strangles on April's second week and above contracts are better option strategies
Disclaimer: Investments...
*Nifty*
Weekly Support: 22000
Weekly Resistance: 22600–23000
Trend: Bullish
The Nifty has failed to cross and move above 22550 for the last 5 weeks, making 22550 a strong resistance. A break above this will stop only at 23000.
*BankNifty*
Weekly Support: 47900 => 46650
Weekly Resistance: 48900
Trend: May Reverse to Bearish
BankNifty had a conical breakout and...
Natural gas futures in MCX and NYMEX is touching new highs day by day and may create temptation for derivative traders to sell and hold by looking at the premium in price. Price may stay higher for quiet some time and may touch 900 in MCX. Fundamental factors and political stress are supporting NG price at this moment. So short term buying is better preferred and...
