Short Nifty on pullbacks as no short covering or follow through buying seen in Nifty, on Analyzing the chart and option data of Nifty, it looking to go towards days low. Important support are placed at 11150 levels and breaching these levels more downside may be expected towards 11050 levels. Strong resistance can be seen at 11260 and 11320 levels.
On analysing the chart of ICICI Bank, its looking strengthen today and bounces from the support level. We may recommend the stock for long for Intraday with SL of 417 for a target of 428 levels.
The chart of Nifty 50 shows gap up open today, however no follow through buying was seen next one hour. There is good support @11320 levels for Intraday according to the channel and resistance seen near 11415 levels. Nifty may trade range bound till the Monetary policy. Both points as SR mentioned may be useful to trade during intraday. Breaching anyone we may see...
Researched on the chart of crude oil and found that it has broken down the trend line as shown in the chart, however it has taken the support many times near 50.50 levels and to hope that again it will test these levels. Traders are advised not to short crude oil at these levels either it will break down the support of 50.30 levels to confirm or wait for dat-cat...
On analyzing the chart of USDINR , its pattern suggest that the dollar is trying to make a Shoulder and if it reverse from the shoulder top and break the Neckline as seen in the chart, we may see big drown down in this towards the levels of 67.80. Traders are advised to trade cautiously in the coming days & Sell on rise near right shoulder around 71.50 levels for...
Traders are advised to short AXIS BANK at 725 levels for a target of 710.50 with SL of 728.9 and trial your SL with the dip of every Rs.3
As realized, the chart of USDINR looking that it has break the support of 71 levels and if it closes around these levels, we may bet it to go for big downfall in dollar in coming days. Traders are suggested that they may short the USDINR at current levels for target of 70.20 levels with strict SL of 71.10.
Shorted Bharti Airtel around 353 levels for intraday only with SL of 356.50 for target of 343
As the chart of Nifty 50 shows weakness near its resistance levels around 11680. Traders are advised not to buy Nifty till its crossing important levels of 11680-90 as it has already taken big moves in previous two trading sessions. If any point of time, Nifty breaches the resistance levels, we may see some more short covering which further moves it towards 11820...
The chart of AXIS Bank examined and found that the stock is ready to break the important levels, on tomorrow if the stock closes below the 640 levels again, traders can short the stock till the expiry for targets below 600 rupees as the stock is showing the "Head & Shoulder breakdown" and we may confirm its trend after tomorrow's closing.
In this video, we have examined the chart of Nifty 50 and also matched the levels of Support & Resistance according to the OI Data with futures chart. Traders are advised to kept in mind the levels suggested in the tutorial and trade accordingly. As the index is near the support and also in the oversold territory. So, whenever we see positive momentum in the...
It has made the high on 5th Oct 2018 and now retraced up to the 61.8% Fibonacci levels. If the crude crosses the levels of 64 then we may see some big up move towards 80 dollars. However, support is placed around 53 levels. Wait for the confirmation to breach the 64 then we can see the levels of 69,76.5 & 80 levels until its trending in a upward channel.
Viewers are advised that Nifty is standing near its support @10720 levels, traders can long for intraday position if some one want to go for 50 points. Keep strict SL of 10680 levels and target for 10800 levels.
The chart of SBIN shows negativity, traders can short the stock with today's open act as SL for target of 273 or nearby levels.
As the chart of Nifty index seen, It clearly shows that the Index is trading in the channel whole day. For the tomorrow's weekly expiry, we expect that the there is a very strong resistance near 10880 levels on the upper side and towards downside there is good support near 10800 levels. Besides above, due to rupee strengthen, we advise that if Nifty trading around...
Britannia showing strength in previous days, however the stock is an overbought conditions and may be shorted around 1550- 1555 levels for target of 1508 and 1485 levels. Long term bet on the stock is on positive side. If someone would cater the stock in its portfolio, it can be taken around 1300 levels for long term perspective. SL will be the days high for recent call.
BANKNIFTY chart shows that it has taken good breakout from current levels with smart volumes. We have recommend positional long call on Banknifty for robust up move on Monday and for coming week.
The chart of Infosys examined on daily time frame and it seems that the bad time of the stock has been obsoleted. We have already given the buy call on the stock for long term perspective for target of 1000 rupees when the stock was around 650 levels. The stock shows strength every time the Nifty Index makes new high as we compared in this chart also and it has a...