Bank nifty on a daily time frame has closed in green and above the round level of 33500. There is a bearish moving averages divergence. Market faced a clear rejection from its 20 ema on hourly time frame and has closed just below it. Support :- 33300, 33000 Resistance :- 33765, 33960 The markets has faced a clear rejection on higher time frame Wait for the...
Bank nifty has again closed in green despite the other index was in red. It has formed a long tail bullish candle on daily basis. It has closed above its 20 ema on hourly and 15 minute time frame which indicates some bullishness. Support:- 34400, 34100 Resistance :- 34720, 35000 The market has closed below its near resistance of 34720. So wait for price...
India vix and the market movement showing same volatility. Markets are moving in both direction. On daily time frame, moving averages are converging and are close together. Nifty has tested its crucial support of round number 16k. Market has closed below its resistance level and in gap up and gap down it doesn't matter. Support :- 16000,15900 Resistance :-...
Nifty has been trading in a range for last 2 trading sessions. The moving averages are also narrowing down on daily time frame. Nifty touched its resistance level of 16400 and fell aggressively in the last trading hour getting market in red. Support :- 16220, 16000 Resistance ;- 16400, 16480-500 Markets are volatile and range bound. Wait for the price action...
Banknifty was strong today and has closed in green. The markets are volatile and there is a bearish moving average divergence on daily time frame. It has been trading around its 20 ema on 15 minute time frame. Support :- 34350, 34100 Resistance ;- 34720, 35000 Trading in a volatile market can sweep your gain in few minute. In the last hour markets have...
Banknifty is trading below it 200 ema on daily time frame. It has formed an inside candle on daily time frame. If the markets start trading below the low of previous day the market can fall further. There is bullish divergence on RSI indicator on hourly time frame. Support :- 35130, 35000 Resistance :- 35400, 35700 Wait for the price action near the levels...
Nifty has again taken resistance from it 200 ema on daily time frame but has not traded below the previous day low. It has been respecting th support of 16600. There is a bullish divergence of RSI on hourly time frame. Market can consolidate or fall further. Support :- 16600, 16480 Resistance :- 16837, 16940 The market is respecting is support and...
Kotak mahindra bank has been consolidating for 3 months. The bank is due for its quaterly results and a break out. The stock has respected its 20 ema on daily time frame. If the stock breaks out of the consolidation zone it can give nice long targets. Support :- 1700, 1577 Resistance :- 1820-25, 1964 Wait for the entry above the level of 1820-25 as it will be...
Nifty has consolidated and gave a bullish break out in the last trading hour. The market has closed on a bullish note and can remain green tomorrow. Nifty has closed between its 20 and 200 ema on daily time frame. It has closed above its 20 ema on 15 minute time frame and has consolidated for a while. Support :- 17010, 16940, 16900 Resistance :- 17090, 17150,...
Bank nifty has given a strong closing below its resistance levels of 36200. Market are taking resistance from its 200 ema on daily time frame and 20 ema on hourly time frame. On 15 minute time frame, the market has closed between its 20 and 200 ema Support :- 36000, 35700 Resistance :- 36200, 36290, 36580 Markets has given a bullish movement in the last hour...
Banknifty on monthly analysis has formed a spinning top kind of a candle and market are still in confusion. The market has been volatile and can remain the same as trend is yet to be decided. On a daily time frame, it has closed below its 20 and 200 ema and has been trading in a range. Support :- 36000, 35750 Resistance :- 36200, 36580 The market can still...
Nifty has been trading in a range and has formed an inside candle on weekly time frame and has closed below the 20 ema. On a daily time frame, market has formed a bear engulfing pattern and seems bearish. The markets on the last trading day had dropped around 1% in a single 15 minute time frame. The market on multiple time frame has closed below the 20...
Hindustan Unilever has formed a nice bullish candle on weekly and monthly time frame. The stock has closed below its 20 ema on monthly time frame and above 20 ema on weekly time frame. On daily time frame, the stock has taken resistance from its 200 ema and has formed a spinning top kind of candle. There is a bullish divergence on RSI indicator on weekly time...
Hindalco forming a evening star pattern on a monthly time frame. In the month of April the stock has already given a downside movement of 15% and can move below upto the level of 410. On weekly time frame, the stock has closed below the 20 ema. The stock on daily time frame has been consolidating in a range and has closed below the 200 ema and a support level...
Bitcoin has been respecting a trend line and is taking support from it. The coin is trading around its 20 ema on 15 mint time frame. Support will be the trend line. Let the price trade below the trend line or breaks above the level of 38810. On daily time frame, it’s forming an inside candle. Support :- 38100, 37700 Resistance:- 38810, 39270 Wait for price...
Bank nifty after a gap took support from the crucial level of 36000. On daily and 4 hour time frame, market is taking resistance from its 20 ema. Todays market was trending and can remain trending for tomorrow. support :- 36290, 36200, 36000. Resistance :- 36500, 36580, 36910 Wait for the price to break and sustain above the levels.
Nifty after an initial gap up has filled the gap on the lower side and has closed near the support level. It took a nice support from its 20 ema on 15 minute and 60 minutes time frame. Bullish moving averages crossover is there on 4 hour time frame. Support:- 17210, 17150,17090 Resistance:- 17260,17320,17410 A bullish trend is there in the market. Wait for...
Banknifty has been trading around it 20 ema on 15 minute time frame and has been taking resistance from 200 ema. Market are volatile and this volatility not suitable for swing traders Support :- 36000, 35920 Resistance :- 36200, 36300 Wait for the price action near the levels and enter market with confirmation.