TukkaNomist

TukkaNomist Updated 

MOFSL looks short fo 480-475 . Any rise towards 515-520 can be used to short with stop above 535

TukkaNomist Updated 

EID Parry looks buy around 134-136 with sl of 124 for TGT of 165-170

TukkaNomist Updated 

buy with sl 1370 TGT 1650

TukkaNomist Updated 

Nifty is likely to open lower which is clear from opening session but pitchfork was already indicating levels of 8350-8280 on chart. 8260-8270 will have to be observed. If it breaks then market is likely to head lowers otherwise we will see rebound from this zone for 9300-9700 levels.

TukkaNomist

2 strong buying candles have emerged with volume which is supported by crossover of 125 EMA on 15 min chart. Mid line of schiff pitch fork is now acting as resistance. Once it takes out center line on 15 min closing basis then expect upmove to continue. Can buy with SL below 235

TukkaNomist

Distribution in clearly visible on chart. Bearish engulfing, long wicks near 1500-1600 zone is telling that supply is clearly there in counter. Sell IPCA Lab with stop loss of 1400 on daily closing basis for Target 1150-1050-850

TukkaNomist

Buy at 1070-1060 sl 1020 tgt 1100-1160

TukkaNomist

BUY ABOVE 139 SL 128 TGT 160

TukkaNomist

Buy at 218 with stop loss 206 TGT 260

TukkaNomist

Bajaj Finance is having support around 2200- 2150 zone where counter had observed demand or short covering pressure. It also matches with central line of pitchfork. If it observes this zone and makes a fractal candle on 5 & 15 min chart then can be bought with SL below 2075 for 15-20% upmove

TukkaNomist

Will Banknifty also go for times wise corrective rally of the fall ? If yes , then 8-16th April is the likely date range where Banknifty can top out. Will it happen at 38.2% or 50% ?

TukkaNomist

Weekly RSI has first time dropped below 30 since 2008 crisis which is clearly signal of bear market. Nifty had corrected more than 65 % of the value during subprime mortgage crisis. This is certainly a bear market considering reading of RSI. We have corrected 40% and now saw some kind of recovery. Normally 20-35% recovery is seen in price during bear market rally....

TukkaNomist

Bought Nifty future at spot 8850 sl 8600

TukkaNomist

It has also took support from 200 day MA. Positive Hidden divergence on daily chart.

TukkaNomist

It has took support exactly at center line of pitchfork and then bounced. Expect recovery till 3750-3800.

TukkaNomist

Sold at spot 8612 SL 8800. Logic is fractal candle near resistance.

TukkaNomist

Nifty looks sell with sl of 9000. Let's see

TukkaNomist

8340-8400 could be potential supply zone at higher levels. Nifty has been taking resistance near 65 week EMA on 30 min chart. Pitchfork is also showing resistance near this zone. Let's see whether market can touch and sustain above this zone for 30-45 minutes. If nifty touches this zone and reverses below 8000 then it might be sign of continuation towards 6800-6500 zone.