Nifty 50 Spot gave a sharp short covering... on last friday after heavy sell off from FII amidst China stimulus and US mkts daily making all time high... Also the results season kicked in with not great numbers.. and already in my view the valuations are too high for nifty. i Still feel technically Nifty's structure is not bullish....but becoming...
During the week from August 19 to August 23, 2024, the Nifty 50 index displayed a steady recovery after a prior downtrend earlier in the month. The index began the week with a bullish momentum and closed on August 23 at 24,823.00 Key drivers behind this recovery included a robust performance from mid-cap and small-cap stocks, as well as contributions from sectors...
Hindenburg Research on August 10 released a new report alleging market watchdog Sebi chairperson Madhabi Buch. The report alleged that Madhabi and her husband Dhaval Buch were involved in Adani Group's offshore funds. The report said that these obscure financial systems were allegedly used in the “money siphoning scandal." The Stock is already finding pressure...
World market in full green mode expecting a rate cut by US FED as early as September... Nifty also gained 400+ points on last friday and closed @ LTH We are heading to 25000 mark on Nifty Spot... As per trend line on daily charts we see strong resistance zone near 25100-25200 zone... We can initiate shorts near 25100 - 25200 levels using options.. 24588 seems...
what a runnup in Nifty Spot last friday... Stopped at previous high levels of 24850 odd levels... have marked Tl and few strong resistances... Happy Trading... Share...Like... Follow for more updates and ideas....
What a reversal above 55000... Now 69355 is a level to watch out.... Any breakout above 69355... More fireworks possible... Like... Follow... Share ..
Super Weak Performance among leading banks in recent week... Results out after friday trading sessions.. Strategy sell on rise... Important reversals marked... Like... Share..Follow...
What a fall in silver.... With unprecedented move in silver last couple of days saw a very good profit booking. Now at TL Supp... Trading channel Marked. Imp Reversal Marked.. Every Bounce is a SELL. Happy Trading Like... Share... Support
Running into Budget 2024 Week Nifty sees supply near 24800 levels. 23799 is the last hope for bulls on closing basis.. Any breakdown below 23799 we can see more pain... Sustaining above 24505 bulls will be in control and other levels are marked. Share... Like... #Happy Trading...
Last couple of days Nifty found supply @ 23400 levels... Banks will drag the mkts a little bit. With budget just a fortnight away.... All dips have to be bought into for a probable bull run upto budget Important supports and trading levels marked Follow for more updates... keep looking into comment session... Like and Share.... Happy Trading...
Nifty Consolidating..... Event : State Elections Results..... Nifty Spot is actually at important Resistance.. But anticipating State Election results the market is consolidating near resistance... I have marked important channels and trading levels.. The colour coding is very obvious. Also have kept the chart simple and crisp. Like... Share... Follow...
Nice pull back of pharma index.... But its approaching its resistance zone be careful at higher levels. Marked important price action levels... Happy Trading... Like & Share... Follow for more update....
Same as other indices Nifty Auto index as also bounced backed after significant correction With the result season in mind.... have plotted important levels for trading... Happy Trading... Like... Share... Follow...
Nifty IT has significantly Corrected..... We saw some pull back.... With Result Season kicking in few days... defined important levels for ur perusal. Happy Trading.... Like... Share... Follow
Adani green Hindenburg report. Levels placed for investment and traders based on price action. Happy Investing
Adani ports fundamentals are good. Adani ports fell on the reports of Hindenburg report on the Adani Group. But i feel its a good opportunity for long term investors. Marked some long term supports and important price action. Happy Investing. Like... Share.. Follow...
On the backdrop of Hindenburg report ADANI group shares have tumbled very much hereby placing the above chart where traders and investors can take some decisions. Pure technical study based on price action... Supports and Reversals marked in green. Like... Share & Follow.... Happy Trading..
Just a contra view wilh bullish bias on US30 Make or Break level marked for Intra.. Happy trading...