As per the chart, there are possibilities for 300-400 points upside movement in coming days but it looks like only a technical retracement for the breakdown which happened on 13.11.24
As we are nearing strong weekly support zones near 23340 / 23100, downside movement might be paused and we might see some sort of technical pullback in the market until and otherwise 23100 is not broken on a daily closing basis. Resistance Zone 23840 - 890 Support Zone 23340 / 23100
SIYARAM SILK MILLS LTD - CMP 684.75 1. Cup & Handle Pattern in Weekly TF 2. Volume SPURT 3. Retesting almost completed 4. Holding Period 6-9 months 5. Risk Reward Ratio is too good Note: Please contact your financial advisor before investing. Thanks.
1. Immediate resistance stands at 23670 & 23820 2. Relief rally (Technical pull back) can come only if 24165 is broken out comfortably 3. 24th June low 24350 might be the strong/temporary support.
Bank Nifty - Intraday Levels for 13.11.24 1. Bank Nifty hourly chart has reached its strong Fibonacci support level 2. 50800-600 could be the strong reversal zone 3. Overall market is trading within 52500-50400 zone for almost 2 months. Hence, its better to do Scalping kind of trades until this range gets broken. 4. Strick SL is a must as High volatility continues.
BankNifty - Intraday Levels - 12.11.24 1. Bank Nifty is might test 51400-250 2. 52100-52300 could be strong resistance zone Its always better to wait for the levels to come and trade accordingly.
Nifty - Intraday Levels for 12.11.24 1. Fresh short is not advisable as NIFTY is near its key reversal zone 2. The main problem is every day, NIFTY is giving its push towards upside, but again and again Sell off is getting increased in the 2nd half. 3. Our view is, till 24700 it would be a SELL ON RISE market.
* Bank Nifty's strong support zone near 51200-51050 * Not safe to add Fresh short at this level * If the above mentioned levels are respected, then we might see a strong pull back
* Nifty is at Strong support/Demand zone * Not advisable to add Fresh Shorts at this level * Fibonacci levels should be respected here
Silver is at its Strong Trendline support - Whats next ? 1. Higher High and Higher Low in Day time frame gives an hint that it might reverse from here towards 97800-98000 2. If this trendline support gets weaker due to current dollar spike, SL should be below 88000
NIFTY is nearing its key Demand Zone around 24150-200 levels View is negated if closed below 23850 on hourly closing basis
Ahead of US Elections, on Friday *NASDAQ100* has formed a GRAVEYARD DOJI Candlestick (Daily Time Frame) pattern which indicates selling pressure near its ATH.
SWNG TRADE 1. SILVER is good to enter at retest zone 90880-90700 2. Target of 93700 to 94000 3. SL below 89700 4. RRR is 1:2
Nifty has given a Bear Trap yesterday and formed Piercing Pattern We might see a pull back towards 25400/25600 zone in the coming days which could also be a Pre-Diwali rally too !! Happy Diwali to all !!! May this Diwalis brings more prosperity to your life.. Thank you.
Nifty key levels for Intraday 14.10.24 Strong support and Resistance levels are mentioned on the chart.
1. SAIL is looking good for Investment 2. Best buying zone around 105-100rs 3. RRR is looking good 4. Strong support at around 80rs
Nifty is entering into its strong support and Buying zone (24580-24400) with extended support at 24150 A Technical Pullback is possible in the market till 25520-25600 zone.
* Superb CUP and HANDLE pattern on Weekly time frame * Looking good for 3-6 months for a superb return * Technofunda analysis sounds good * Please follow RISK MANAGEMENT before you initiate a position