WTI Crude oil might test the resistance of the red line in the chart. The 80 level. The low of 55 is important
Breaking the trading range can start big move in Yes Bank.
There is trading opportunity in BEL. No Directional Bias.
The MACD on daily chart is indicating possible big move in next few days.
the stocks has seen extreme selling. It might hold the 645-660 support zone.
L&T Fin is trading near resistance of 106.
Bank Nifty is taking support at the 28000 levels. The short term trend is up now. It can test the 28800/29800 levels in next few weeks. Stop 27950. I am posting the 60 minute chart of the bank nifty.
I am expecting it to test the 100 level.
Trading & Holding 11320 turns the short term trend in Nifty up. Till that it can test the lower levels at 11100.
The trend is turning up in Sun Pharma. Expecting Breakout in it.
What Market is Doing? Nifty Weekly Return: -3% Nifty is in intermediate downtrend. The pullback in downtrend seems to be over. Volatility is rising. The RSI is diverging with with the Nifty. I have already tweeted about it. The long term trend of Nifty is up. Nifty Support 11100. Resistance 11850. The number of stocks with clear downtrend is higher than those...
Nifty is in short term downtrend now. Resistance 11650 & Support 11400.