ajayekka002

ajayekka002

So, pre open was flat with US market at the lower of the ends. We estimated market to fall and take a support at 23656 which we almost achieved by 02:50. Lots of twists and turns in between but our target projections were correct. Focus that was on: US market - downward Nifty top 5 components 1 up 4 downs at pre open. gold rates up. So there was sure shot...

ajayekka002 Updated 

Market expected to fall further. Follow the lines for support 23656 will act as a support today.

ajayekka002

Market expected to fall further. Follow the lines for support 23656 will act as a support today.

ajayekka002

US market beaten badly due to interest decision. Expecting volatility today. Follow deviation and return to mean strategy. Don’t hold too far off from Sd1 greens or reds. Expecting market to open below 24000 with a possibility to one spike reverse before fall.

ajayekka002

US market beaten badly due to interest decision. Expecting volatility today. Follow deviation and return to mean strategy. Don’t hold too far off from Sd1 greens or reds. Expecting market to open below 24000 with a possibility to one spike reverse before fall.

ajayekka002

Nifty futures seems to be in a support reversal zone. So indices can go volatile today. Suggestions don’t enter volatility wait for cool down timeframes to avoid unwanted stop loss. Expected course will be 24133 touch and back in 2-3 15 min candles as per historical figures.

ajayekka002 Updated 

Gift nifty is trading at 31 points down and expected to rebound. Expecting NIFTY to make an upside move till 24748 and hold or even move to 24859 levels but before that it will downward move to a lower support levels 24548 or nearby. Suggestion No call selling if volatility is high. Only if it hits 24450 and makes it as its resistance. One profit booking is...

ajayekka002 Updated 

Pre open 91 points up with major components being flat. Expecting a range bound session. Neutral.

ajayekka002 Updated 

Possible explanation to Nifty Movements today ( The zigzag pattern) pre open market was more like a hanging man where HDFC bank reliance industries, TCS were positive but ICICI Bank, infosys and other top IT where downward to flat. Hence, it was expected to be a flat market. Opening was strong with back to back green candles but it could not break the standard...

ajayekka002

Nifty started the day with a gap up of 91 points with 5 major components being positive and icici bank only major being negative. Resistance remains at 24349 +-. Wait for it to break before market can cross 24500 levels. New resistance drawn but market not yet tested the same. Hence. We will wait for the same to be tested.

ajayekka002

Gap up of 91 points. All top 5 caps up except icicibank. Which may be managed for resistance. Almost single sided. Check out for 25503 new resistance line drawn. It it breaks market can touch 24700 levels. Track icici bank today.

ajayekka002

Month starts will a loss right in the morning 09:15 am. & ends up regaining after hitting stoploss on carryforward positions. So, there is a learning. 1. When market does not close above support line. Do not carry forward for next day's specially Fridays. 2. market may reverse so do not exit super-fast. Market will give you chance to exit respectfully if it's...

ajayekka002

HDFC bank up , reliance and icici bank down. So market is still showing strength to hold. Most probably it will be a flat expiry but can spurt once for profit. 24349 still acts as resistance. 24133 acts as support.

ajayekka002

HDFC bank up , reliance and icici bank down. So market is still showing strength to hold. Most probably it will be a flat expiry but can spurt once for profit. 24349 still acts as resistance. 24133 acts as support.

ajayekka002

Sorry I am not able to publish everyday coz of busy market hours. Here are some small updates. We have drawn a new resistance line at 24345. Which means market will spend time here and will take extra effort to break this. So market will go up only after sitting above and taking its support. For today focus on HDFC BANK N reliance movements. Single direction...

ajayekka002 Updated 

Gap up 70. Selling pressure not gone yet. So selling can come from 23658. Exit suggested at that point once. Reentry suggested. Can retest to reach levels of 23344 or lower. HDFC bank positive reliance positive Axis negative.

ajayekka002

NIFTY has turned bearish and expected to reach 23344 levels on expiry.

ajayekka002

Nifty is on a strong support zone & rebound expected post US elections. Also where there is improvement in earnings the stock may pull the levers up. If the majority of earnings show weakness in trend market may slide further to next level in Fibonacci i.e. 23546 or below.