financialmarketsalgorithms

financialmarketsalgorithms

A BULLISH BREAK ON THE NIFTY IT on Weekly Charts. Headed much higher. TCS/Mindtree the strongest. Disclosure- Have long positions in Futures market.

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USD 10 yr yields break out to new 52 Week Highs @2.64%. We can be looking at yields crossing 3-3.2% in 2018. Has big implications for funds flow into emerging market equities.

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Kotak Bank is challenging resistance near 1050. If the results are good tomorrow can spike up by 3-4%. Today was a high volume on NSE Cash. Disclosure: Holding Longs in Kotak Bank Futures

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USDJPY has broken important technical levels @ 112. Targets are 110.5/109. Break of 107.5 will put security in firm downtrend. Stop for this trade around 114.5. Fundamental news is JPY bullish with the BOJ attempting to push up yields.

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USDINR moved by nearly 0.75% today and cleared short term resistance near 63.75/80 levels. Downtrend may have been reversed for the short term.

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LT has broken horizontal long term resistance on weekly charts. Investors can accumulate for substantial gains. Targets are 1700/1800 zone.

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Visaka Inds has broken out of triangle pattern on high volumes. Long with SL of 680 CB.

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EURUSD may be ready for a bout of profit taking and can correct to 1.1850/1.19 levels before moving to new highs.

financialmarketsalgorithms Updated 

TV 18 may break to new highs after breaking out of triangle pattern. Stop can be at 39.

financialmarketsalgorithms Updated 

GMR INFRA has seen higher volumes today with a 10% positive move today. MACD may be turning and ready to give buy signal. Break of resistance @ 20 Rs will target higher levels of 23-25 in the coming weeks.

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Bank Nifty is testing gap area support and could move lower to the 25000/25100 zone in the coming weeks. Fundamentally news of additional Govt borrowing is not helping yields which have moved up to 7.38% (10 yr). If it manages to break above 25700 the trend may change to bullish.

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Sun Pharma has been technically improving and is challenging crucial resistance after a period of consolidation. A break above the 590/600 mark will be bullish for higher targets.

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Granules looking bullish with MACD support can target 140/143 zone. SL 122

financialmarketsalgorithms Updated 

A five wave downward move may be complete and EUR may be poised to move up. MACD supporting move with positive divergence.

financialmarketsalgorithms Updated 

Equitas targets 148/150 after breaking through resistance on 60 m charts. Sl 135. MACD supporitve

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Bank Nifty is locked in a short term trading range of 25600/25900. Very strong support in the region of 25150/25200. On break of 26000 levels upside targets of 26500 become probable.

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Patel logistics has printed huge volume bars in the last few days and looks set for 100 plus targets. MACD and MA supportive.

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Nifty is in correction mode but has not retraced a large part of the previous swing. Bull market corrections usually correct 38% to 50% so one might watch out for support near the indicated zone. Derivatives data is suggesting very strong support in the region of 10000/10100.