very narrow range 1) < 29960 T1- 29500 2) > 30100 T1 - 30400, T2 - 30760
1) Price action looks very odd in side ways very limited range 2) Up side move is very limited utill market colses stongly above 1700 dont think futhur up move 3) tomorrow market move depends on global market so keep on eye of us market 4) look for bearish signs in red zone
1) Higher time frame 1D Chart formed doji at resistance level( Reversal possible bull strength weaken) 2) 1h Chart red zone wait to price come down with bearish signs or gap down target 1260, 1250
1) Gap Filling Strategy 2) Look for the breakdown or gap down to fill gap of RedZone T1 1120 T2 11210
1) Still, FII are selling in Future Index - Indicates Bearish sign 2) talking fresh PUT Long @ 11500/400 level - Indicates Bearish sign 3) 11650 works as strong resistance rejection is clearly visible in 1h chart(Pin Bar) 4) Higher time frame 1D chart candle formed indicates the indecisive candle Bulls & Bears fight strength neutralised 5) Look for Bearish signs...
Look for bearish signs for up side 1600 support sustained target 1640 if that is broken down side 1590,1580
My observations Positive points are there & also negative points are there a) Positive :- 1) FinMin Decision on Tax cut good in long run for our country in reaching 5trllion economy 2) trying best to attract investors to come to India & bring more money 3) Definitely this move changed fundamentals of companys b) Negative:- 1) Big negative in short-run 2) due...
Look for bearish sign in red zones 1st target 10650 if the broken 10600 mostly market might be consolidation tomorrow
1) Gap formed previously may work as Resistance around 10860 2) Bullish divergence formed opening market may have slight up move if gap down not happen but overall it might be down trend 3) In red zone if any bearish signs which rejects level then 10700/50 can be seen
1) Due to Crude oil issue Aramco attack tomorrow $5 to $10 Gap up 2) Crude price inversely proportional to Share market(Economy) 3) FinMin +Ve news 10KCr spent on Infra unfinished projects but this will not do any impact becoz after completing there is no demand in real-estate so no use of that money it is just for 1/2 day speculation 4) UP side is limited till...
1) 1H Chart Broken long term resistance, consolidated and moving towards target 115 2) 1D Chart 200EMA crossed so short term positional also we can accumulate this stock on dips until 100 with SL of 90 for more details look other post of mine