TheWizardsZone

TheWizardsZone

The Last 4 day Correction in Nifty and selling by FIIs is again primarily driven by upmove in DXY from 91.5 to 92.5...Nifty is now near its trendline support...DXY on the other hand is approaching a major resistance zone...let us see if their will be a Breakout in DXY and Breakdown in Nifty or the trend continues

TheWizardsZone

This is what Bears have been able to achieve in 4 days of correction. A correction of 800 points in Bank Nifty Now we are at trendline support. Lets see what is in store in July

TheWizardsZone

Breakout or Breakdown from this range will give clear direction

TheWizardsZone

High volumes seen in falling market....Looks like Sell on Bounce will be the mantra for next few days

TheWizardsZone

DXY creates a head wind for Nifty rally

TheWizardsZone

Lets see if the breakout sustains

TheWizardsZone

This is what Reliance is attempting to breakout right now...it is a fresh 2021 High

TheWizardsZone

Good Long if breakout sustains

TheWizardsZone

Imp to check sustainability of the breakout before entering a trade. Right now volume action also looking good

TheWizardsZone

If Breakout sustains, a move to 3700 on cards

TheWizardsZone

Go Long for a retest of all time high

TheWizardsZone

If breakout sustains 2700 on cards

TheWizardsZone

IOC is showing signs of trend reversal on weekly chart....lets see if it can sustain its momentum as it crosses INR 110...SL will be any close below INR 100

TheWizardsZone

If we look at monthly chart of SBI....it has traded in the range of INR 150 to INR 350 odd for last 10 years. It broke out of that range post the last quarter results...then retested the breakout as market corrected with COVID Wave II. It bounced strongly from the retest levels. Now, with another strong quarter behind its back it is surely gearing up from live...

TheWizardsZone

Lets see if 34,500 is finally taken out

TheWizardsZone

If it sustains above 800 then a move towards 900 cant be ruled out

TheWizardsZone

Will it break 88.5-89 finally?

TheWizardsZone

Now if it sustains above 680 we can see a big upmove...SL can be INR 665 for the trade