The rally is extending upside currently trading@1305$. MCX Gold- Vow Gold Spending Time in the Zone 1250-1260$
Looking for C-wave downside in the zone 150-160 where it completes 61.8% of A-Wave. B-Wave was little choppy & sloppy- once it gets the leakage or way downside- it will go into the desired zone.
B-Swing Low@8650-8655 of the bullish harmonic pattern is also the polarity reversal zone as well, which acted as support & now acting as resistance in current scenario. What is the Polarity Reversal Zone ? When one level acts as support turns its role into resistance that zone is known as polarity reversal zones- so in our present case zone of 8650-8655 acted...
India has decided to allow overseas entities—excluding airlines—to own 100% in domestic airlines as it seeks greater foreign direct investment (FDI) inflows into the country. While the foreign airlines are keen to have a 100% stake in Indian airlines, they have been excluded & the news that they could inch closer to this deal will keep them elated & excited -...
Dabur's chyawanprash- if you get it for 286-288 price range likely to be a good deal as prices can rise because people realized that Dabur still at its best in giving good health, but at the same time from long run let us not consume too much Dabur's chyawanprash -infact too much of something is always harmful. Likely to travel atleast till 320 mark which had...
Wish You & Your Family A Happy & Prosperous Diwali. Enjoy with lot of sweets & fire crackers. The bouce, which was evident in BN on expiry day looking to have impulsive nature & likely bulls are interested back again. Trading Strategy Look for a pull back in Bank Nifty either in the zone 19470-19480 or the zone 19430-19450 with strict stops below 19400....
Trading@456.50 This mid session was all bears- bulls will be excited if they get last half. Jet on a channel bottom can it bounce from 455 lows.
I still remember my old days when I was kid - watching a movie on a 70mm screen used to elate me & I used to really get excited for the word 70mm- vow. Mumbai guys know Minerva theatre is one such theatre to have 70mm screen. it was approx 70 points in Axis bank, which was made in a down move (522-525 to 519) then up move from (517-519 to 530-535) & finally again...
As expected this is a connecting series of NIfty since the top 8968 highs. From bottoms 8500 -expected a bounce in corrective fashion -out of the 2 legs are done -likely I am looking for one more push to give me confidence about this setup & most important- it should not cross 8968 highs in the pop up. Today, as well- Nifty could be weak & possible that it goes...
Trading@461.50 Please vote to get MCX & NSE FO data on TradingView - Ask for the link in common chat room where trader colleagues are discussing about markets. CC- Choppy & Channeled Jet Airways- One should really keep a watch for the leg, which is expected upside as the fall from 483.5 down looks very choppy & its moving in a channel. Any Move above the...
As expected upper edge gave resistance to bulls. It will likely have bullish opportunities only when it starts moving above 265 marks & most important, it should hold above the trendline connecting 243.5 & 246
As expected, that Axis Bank will have this large downside for 480-490 zones. Today it hit the low@486.40
As expected from 320-325 zone D-leg shall be done, which completes the setup for bullish harmonic pattern our key Support level is 282- which is X-wave low. Bullish Harmonic Pattern Larger Picture - As per larger picture -282 is very crucial as it X- Wave bottom & price invalidation level- going below 282- It will spoil the structure.
Adaniports had two times McDonald meals & look its performance.
Trading@466 Likely -I am looking for that upside wave close to 500-505 zones as expected earlier- Taken a shape of A-Wave from 443 lows to 483.50 highs than a fall from 483.50 to 462.60 so we are close to start another wave upside which will finish that required time wise correction.
Started U-turn in Axis Bank from 517 - Early Morning even updated that there is small sideways happening so look to trade above the level of 526- made session high@531
I am still waiting for that one leg upside atleast in the zone 8780-8800 to see what could be the next course of action. Till the time 8680-8684-key support zone is intact- I am on the bullish side of the market. USDJPY(UJ) keeps my hope alive that Nifty could see the required bounce. UJ connection to Nifty- Opened & Moving as expected Expecting 104.60 ...
Financial Markets never move in a straight line which was evident as well & we were fortunate enough to get out of Bank India right at the top@115. 60- I am talking from a traders point of view & those who are long term players can hold it till BnkIndia Kisses the top zone 122-124 with key level-109.45 & critical level-108 intact. Intact means Bank India should...