abhiquiet

abhiquiet

Silver Chart with Fibonacci Levels, Gann Square of 9

abhiquiet

NIFTY against SGX NIFTY opened negative because of selling pressures. FIIs sold around Rs 3000 Cr yesterday. DII did not participate in FII's comparison. Crude Oil prices are increasing because of decisions from many nations towards banning Crude from Russia. NIFTY is currently trading at 200 DMA levels and is acting as significant support for NIFTY. Support...

abhiquiet

Markets are opened low, but Reliance is giving a green rally in the market against all the odds. Today it broke the resistance levels of 2490 and 2502 based on Gann Square of 9 and Fibonacci, respectively. Now both levels will act as support. Resistance levels based on Gann Square of 9 are 2570 and 2650, and based on Fibonacci are 2560 and 2751. Support levels...

abhiquiet

Nifty showed a fantastic rally last week from 15700 to currently around 17200. Nifty closed at about 200 DMA yesterday. Today opened well above 200 DMA at around 17200 levels and presently showing the green candle for the day. Bulls finally succeeded in taming the bears in the rally. Investors got an excellent opportunity to buy in panic situations. Crude oil...

abhiquiet

NIFTY seems to be stablising with Volatility index VIX for NIFTY dropped below 25 levels. As the VIX lowers, it is indicating lower volatility in the market.

abhiquiet

Nifty opened up yesterday, but because of the lockdown announced in China, all global markets showed panic and crashed. Markets are again consolidating today and moving in upward directions. A significant concern for all economies was rising Crude oil prices, and finally same is also receding. Significant resistance for NIFTY will be 200 DMA levels at 16980. If...

abhiquiet

Russia-Ukraine war, Fed actions to control inflation in the US and Crude price hike created a big hole in the market and strengthened the bears. The events resulted in a significant downfall in NIFTY from 18000 to 15700 levels. Since the last five trading sessions, markets have moved tremendously from 15700 levels to 16800 levels. But Nifty is still below 200 DMA...

abhiquiet

Russia-Ukraine tussle seems to be settling with the statements released by Ukraine's President. Markets globally are buoyant now, and so is our NIFTY. Today we got the gap up opening. For India, the roller coaster ride is not over yet. Today's election result date for five states. We may see ups and downs in the market. NIFTY is still trading below 200 DMA...

abhiquiet

BANKNIFTY came down from its high in Oct 2021 around 41800 to today trading around 32650. The downfall is around 21.9% from its high. BANKNIFTY is far below its 200 DMA, i.e. 36650. Russia Ukraine's elongated war, crude prices, and fear of increasing inflation are taking the markets further down. FIIs are continuously selling; yesterday sold more than 7500...

abhiquiet

Markets are highly volatile because of the Russia-Ukraine war, oil price hike and awaited results for five states in India. NIFTY gave a negative opening, but it seems to consolidate. 200 DMA for NIFTY is at 16950. Markets are clearly under the bear phase. Charts clearly show significant support levels at 15700 levels. GANN Square of 9 support levels is 15700...

abhiquiet

Stress in the banking sector causing BANKNIFTY downfall. Today BANKNIFTY gave a gap down opening. There is no sign of support for the banking sector because of the Ukraine-Russia tussle. Support levels based on GANN Square of 9 are 34300 and 33400, and based on Fibonacci are 34040 and 33180. Resistance levels based on GANN Square of 9 are 35200 and 36250, and...

abhiquiet

The sudden rise in commodities is helping the Steel industry, and the same can be seen in Jindal Steel. Jindal Steel gave a Golden Cross pattern where 50 DMA crossed 200 DMA 3 sessions back, and we saw a sudden jump in the stock. The stock took the resistance of 463 and retreated in yesterday's session. Today the stock opened in green and took resistance of 452...

abhiquiet

Global cues are negative, and so is NIFTY. There is no sign of positivity from any corner of the world. Today NIFTY gave gap down opening and testing the previous lows of last fall on 24 Feb. Currently, NIFTY is trading at the support levels of 16300 based on GANN Square of 9. If the support levels are broken and keep trading below 16300, then the previous low of...

abhiquiet

ICICI Bank was bullish in the last trading session and maintained itself above the 200 DMA mark. ICICI's upward move also supported BANKNIFTY from falling. Today ICICI Bank again tripped below 200 DMA levels because of the Russia-Ukraine tussle and stress on the financial sector. ICICI Bank already broke its support levels at 715 based on Gann Square of 9. The...

abhiquiet

Heavy selling in HDFC Bank is continuing on day to day basis. The stock is in red based on Smoothed Heiken Ashi, Follow Line Indicator, and Supertrend line in all the charts for 5 min, 15 Min, 30 Min, 1 Hr, 4 Hr and Daily chart. Gann Square of 9 support levels of 1390 is broken today. Following support levels based on Gann Square of 9 are 1330 and 1270.

abhiquiet

BANKNIFTY index cannot retain its levels amid all the global crises because of the Russia-Ukraine tussle. The longer the brawl continues, the worse it is for the financial sector. BANKNIFTY took the support of 35200 based on Gann Square of 9 and bounced back. Supertrend, Smoothed Heiken Ashi and Follow Line indicators are all in red in 5 Min Charts, 15 Min Charts...

abhiquiet

Last trading session, we saw that the Reliance stock rally gave a big push to NIFTY. Reliance opened negative today but bounced back from its 200 DMA level. NIFTY is far below its 200 DMA level. We see that in 15 Min Charts and 30 Min Charts, NIFTY is crossing its support levels of 16590 based on Fibonacci. If Nifty breaks 16590 support levels and holds, then the...

abhiquiet

With all the markets opened negative, Reliance also opened negative. But Reliance bounced back from the 200 DMA level of around 2330. GANN Square of 9 support level is also at 2330 and then 2290. Reliance is facing resistance at 2371 levels based on Fibonacci Levels. If it crosses 2371, the next resistance level shall be around 2400.