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Reliance seems strong amid all volatility in the market and managed to cross the 200 DMA levels. Combining Fibonacci Levels and Gann Square of 9 following resistance levels are at 2371 and if broken, then between 2400-2410. Reliance broke its resistance levels today of 2255, 2290 and 2330. Now all levels will work as the support levels for the stock.

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USDINR is witnessing the volatility ranging price difference in days high and low of more than 50 paise because of the Russia-Ukraine tussle. Currently, USDINR is at its Fibonacci strong support levels of 75.41-75.45. If the support levels are broken, the next support level is between 75.10-75.15. Gann Square of 9 Resistance level respected by USDINR is at 75.70...

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HDFC Bank gave a gap-down opening from its previous close on Friday and went down till 1414 and reversed from its support levels of 1413 based on the Fibonacci study. The stock is clearly in a bearish phase, with 50 DMA hovering below 200 DMA. Supertrend, Smoothed Heiken Ashi, and Follow Line indicators are red zone, further strengthening the bearish view in the...

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BANKNIFTY is hovering around, where it opened today. Bears are strong, as the global ques are negative because of the going on Russia-Ukraine tussle. The major hurdle is at the 200 DMA level at 36660. In the last trading session on Friday, BANKNIFTY retreated from the 200DMA levels. Supertrend, Smoothed Heiken Ashi and Follow Line indicators are all in RED for...

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Friday recovery continued in SGX NIFTY till Saturday. The Russia-Ukraine tussle is now on its 5th day, and the situation is still tense. The longer the problem persists, the worse it is for global markets. Markets opened lower than the previous close and reversed from the support levels 16390 based on Fibonacci levels. The resistance levels are based on Fibonacci...

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NIFTY gave a gap-up opening around 16450 above the Fibonacci levels around 16430. The bounce back is a welcome call and sigh of relief in the weekend after the severe market crash seen yesterday. Markets are still trading well below the 200 DMA levels of around 17020 levels. Parabolic SAR is still in the bearish phase on one hourly chart and ranges between...

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Russia-Ukraine tussle affected all the sectors in the market. NIFTY IT index is also in the RED zone. Currently, CNXIT is hovering around 33000 levels. The support level based on GANN Square of 9 is around 32500.

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Market fear is also reflected in Reliance. Reliance respecting its support level of 2290 based on the Fibonacci study. If the bear trend continues, the next support level will be 2255 based on the Gann Square of 9 and the Fibonacci study.

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Bank Nifty is hovering around its support levels of 36150. If the bear trend continues, the next support level is around 35200 based on Gann Square of 9.

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Gap down opening in Nifty on account of the Russia - Ukraine tussle. Gann Square of 9 support at 16300 levels.

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Sell pressure heavy in Tata Steel. Last week Tata Steel closed above 1250, but as the market crashed yesterday, the stock got into a downward trend, and the rally continues today. Tata Steel broke the Fibonacci support levels of 1240, 1200 and 1175. The following Fibonacci support levels are at 1152, 1130. Super Trend, Smoothed Heikenashi and Follow Line...

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Bajaj Finance gave the gap up opening from yesterday's closing in concurrence with the market. Bajaj Finance is getting significant resistance at 6900 based on Gann Square of 9. Support levels for Bajaj Finance are 6770. Yesterday Bajaj Finance supported previous lows of 6740 and returned. Currently, Bajaj Finance is still in the red zone, and if it breaks 6770...

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Nifty opened high from its previous closing around 16820. Significant resistance that we saw yesterday is at 17055 based on Fibonacci, still holds. Once Nifty maintains above 17055, the following levels are around 17260. 50 SMA still moving below 200 SMA. Significant supports are at 16700 level and then 16431 based on Fibonacci Charts.

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Impact of global cues resulting weakening of Indian rupee against USD. Fibonacci Resistance Level at 75.41, 75.85 and then 76.26 and support levels are at 75.30, 75.10 and then 74.98. Indian Rupee is recovering after a steep fall. Super Trend is now supporting Indian Rupee in 5 Min and 15 Min charts.

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Global news impacting the market. Nifty gave a gap down opening from its previous close on Friday, 11 Feb 2022. Fibonacci Level 17055, which was acting as support, is now serving as Resistance. The next strong support level as per Fibonacci Chart is at around 16700. Gann Square of 9 support levels is at 16950. SuperTrend, Heiken Ashi, and Follow Line Indicators...

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Reliance finally started catching up with the market. Buying in the stock began yesterday and is continuing. SuperTrend, Heiken Ashi and Follow Line Indicators are finally giving green signals in 5 Min, 15 Min, 30 Min and 1 Hr charts. GANN study shows the first resistance at 2410 and then 2490.

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Tata Steel broke resistance 1245 level based on the Fibonacci study and heading towards its following levels 1287-1295. The stock will treat 1245 as its support level. WD GANN resistance levels in between will be 1269.14, 1278.06, 1287.02, 1296.00. Stock showing strong buy signals based on Heiken Ashi, Super Trend and Follow Line Indicators.

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Levels retraced for upward and downward movements in Reliance since 2021. Reliance Future current month is testing the support levels of 2342. If Reliance breaks the 2342 support level and maintains, the next support level shall be 2260 and 2220. Super Trend, Heiken Ashi, and Follow Line indicators are in Red for 5 Min, 15 Min, 30 Min and 1 Hr charts.