BANK NIFTY IS AT RESISTANCE . SEEMS TO BE MORE BULLISH THAN NIFTY. HOWEVER IF IT GAPS UP AND FALLS THEN IT MAY GET SUPPORT AT 28129 AND 28049. RESISTANCE LEVELS ARE RETARCEMENT LEVEL IN THE CHART AND 200 DAYS SMA.. IF IT OVERCOMES TARGET MAY BE 28839
RARE COMBINATIONS. FRIDAY DAY'S CANDLE ENGULFS CANDLES OF PREVIOUS TWO DAYS. HOWEVER IT HAS TO BE SEEN HOW MARKET TAKES THE RECENT ANNOUNCEMENTS. IF MARKET GAPS UP AND FALLS ITS SUPPORTS ARE 11106,11030,11003,10974(IF GAPS UP ABOVE 11106) AND NIFTY LIKELY FACE RESISTANCE AT 11148. THEN LEVEL AT RETRACEMENT LEVEL IN THE CHART AND 200 DMA OF COURSE NEXT RESISTANCE...
IDEA WAS PUBLISHED ON SEPT 3 PLEASE SEE ATTACHED CHART
CLOSES ABOVE 20 DMA LIKE NIFTY NR7 DAY FOR BANK NIFTY TOO. SUPPORT FOR BANK NIFTY 27640.27570 RESISTANCE TODAY'S HIGH AND 28040 AND 28122 APPRECIABLE MOVE EXPECTED
APPRECIABLE MOVE EXPECTED. SUPPORT AT 10980,10923. RESISTANCE AT 11024,,11102,11303. OF COURSE 200 SMA AND OTHERS IN THE CHART.
IT HAS STRONG RESISTANCE AT 78-79 LEVELS ONE CAN YES BANK AT AROUND THAT.
BANK NIFTY IS STILL BELOW 20 DAYS SMA IT HAD FORMED LONG LEGGED DOJI IN PREVIOUS WEEK AND THIS WEEK IT IS POSITIVE(IN WEEKLY CHART) SUPPORT IS THERE AT 27400 RESISTANCE IS AT 27565,27627
NIFTY IS MAKING HIGHER HIGH AND HIGHER LOWS. IMMEDIATE SUPPORT FOR NIFTY IS 10980 RESISTANCES ARE AT 11030.11104 DASHED LINE IN THE CHART MAY OFFER RESISTANCE. OVER ALL STRUCTURE OF NIFTY IS POSITIVE IT MAY TOUCH 11200 IN COMING DAYS UNLESS SOME MARKET NOISE SPOILS THE SENTIMENT.
NIFTY IS MAKING HIGHER HIGH AND HIGHER LOWS. IMMEDIATE SUPPORT FOR NIFTY IS 10980 RESISTANCES ARE AT 11030.11104 DASHED LINE IN THE CHART MAY OFFER RESISTANCE. OVER ALL STRUCTURE OF NIFTY IS POSITIVE IT MAY TOUCH 11200 IN COMING DAYS UNLESS SOME MARKET NOISE SPOILS THE SENTIMENT.
1 NIFTY MAKING HIGHER HIGH AND HIGHER LOWS. 2 CLOSES ABOVE 20 DAYS SMA. 3 IMMEDIATE SUPPORT FOR NIFTY IS 10980 4 RESISTANCE 11030,11104 5 DASHED LINE IN THE CHART LIKELY TO OFFER RESISTANCE. 5 OVERALL STRUCTURE IS POSITIVE. 6 MAY SEE 11200 IN THIS EXPIRY UNLESS ANY MARKET NOISE SPOILS THE SENTIMENT.
1 TWO WEEKS BEFORE IT HAD BOUNCED FROM .886 RETRACEMENT OF XA LEG. 2 LAST WEEK WAS AN INSIDE BAR CANDLE OF ITS PREVIOUS WEEK 3 IF BANK NIFTY BREAKS THE RECENT LOW(TWO WEEKS BACK 26560 THEN IT MAY TEST 26460 RANGE. 4 IF IT BREAKS THAT IT MAY GO DOWN TO THE LEVEL O 25900-25850 WHERE IT MAY TAKE SUPPORT. (above analysis only if bank nifty breaks the yesterday's...
AFTER CONSOLIDATION IN UPTREND IT SEEMS IT MAY BREAK OUT TO 181-182 LEVELS TRADE SHOULD BE TAKEN ONLY AFTER BREAK OT OF THE CONSOLIDATION. IT HAS STRONG SUPPORT AT 168.5
NIFTY CLOSED ABOVE 20 DAYS SMA ON FRIDAY. GDP DATA DEVELOPS NEGATIVE SENTIMENTS. SGX NIFTY WAS TRADING LOWER YESTERDAY. NIFTY HAS SUPPORT AT 10998- 11002. IT SEEMS ANY INTRADAY DIP TO THIS LEVEL IS AN OPPORTUNITY TO BUY FOR THE TARGET OF 11200 WITH STOP LOSS OF FRIDAY'SLOW. HOWEVER IF STILL NEGATIVE SENTIMENT PERSISTS AND NIFTY CLOSES BELOW 20 DAYS SMA AND SLIPS...
T2 IN SIGHT PLEASE WATCH IDEA ATTACHED
PLEASE WATCH MY MORNING CALL NIFTY RETRACED FROM 11020 JUST MISSED ACCURATELY BY SOME POINTS AND MY PICK OF REVERSIBLE POINT SEEMS TO BE WORKING CHEERS
IT SEEMS SUPPORT IS HOLDING. IF SUPPORTS BREAKS MUCH LOWER LEVEL POSSIBLE.