As we discussed in our last analysis, the market faced resistance from 49960. (Near Fib 1.414) If we look at the chart now: The market is trading at ATH. Also, the market is facing resistance in the resistance zone(1H-TF). The market is also showing a Bullish divergence that will force the market to be in the bull's favor. 49000 is a very strong level of...
Incorporated in 2012, Inox Green Energy Services Limited is one of the major wind power operation and maintenance ("O&M") service providers within India. The company is a subsidiary of Inox Wind Limited ("IWL") and part of the Inox GFL group of companies. INOXGREEN has broken out to the upside. I am expecting it to go higher. All important levels are marked on the...
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India. If we look at the chart: The stock has broken out to upside. and expected to move higher high. Reasons: ...
NIFTY opened a gap-up and fell sharply from 22768. If we look at the chart now: The market is trading at the resistance zone (4H-TF). Also, the market is trading at the support trendline. If the market breaks the support to the downside, it is going to generate a quick fall till 22471. Meanwhile, 22617-22766 is a sideways zone, as marked in the chart. ...
Banknifty has been in an uptrend for the last week. By looking at the chart: BankNIfty is trading at an all-time high right now. The Bulls are weak at this point. In the past two days, there has also been selling pressure. By looking at the OI data: PCR = 1.34 indicates a bullish market nature. 48500 will be acting as the Max-Pain. Above 48500, there...
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. PCR = 1.24 (Highly Bullish) Important Levels: marked on chart Support: 22000 , 21930 Resistance: 22164, 22428 Verdict: Bullish Plan of Action: Sell 22164 CE & 22000 PE. Exit one leg if it breaks the zone. (hedge with 20/- PE)
Hello Traders, as we have been discussing the resistance line and bears and bull zone in Banknifty, it has broken the resistance line and entered the bull zone, where I expect the market to be bullish. if we look at the chart now: The market broke to the upside yesterday. It opened at +500 and ended up sideways. That means the market is not consolidating...
I am expecting market to be sideways for today. all important levels have been marked at the chart. Support: 46343, 46000 Resistance: 46690, 46900 Verdict: Sideways Plan of action: Sell 46300 PE and Sell 46700 CE (Hedge it with 20/- premium )
As we discussed in our analysis market closed sideways today. I am expecting market to be sideways for tomorrow. all important levels have been marked at the chart. Support: 46343, 46000 Resistance: 46690, 46900 Verdict: Sideways Plan of action: Sell 46300 PE and Sell 46700 CE (Hedge it with 20/- premium )
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. Important Levels: marked on chart Support: 22050 , 21930 Resistance: 22164 Verdict: Sideways Plan of Action: Sell 22000 CE & PE. Exit one leg if it breaks the zone. (hedge with 20/- PE)
As we have discussed in our Video, BANKNIFTY was making HNS, whose target was 46470. that has been achieved. If we look at the chart now: The market is trading at the support trendline(1-H TF). Banknifty is also trading at 0.61 fib level, which might be crucial for banknifty to take support. Price is volume balanced, which indicates the market can make a...
As we have discussed in our Video, Nifty is trading at its 200 EMA in 1-H TF, which has been providing very nice support. If we look at the chart now: The market is trading at the support zone. Also, 22950 provided a nice bullish pullback twice today, which indicates 21950 to be a good support level for now. The market is trading in a Bearish Zone right...
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As we have discussed, NIFTY has been in the uptrending channel. It has been broken to the downside with huge volume power. If we look at the chart now: The market has broken the channel to the downside and is continuing its momentum to the downside. Whereas 21900 is a good support zone that might provide support. If it's broken, the next support point will...
As we discussed in our video analysis, the bank's nifty bearish nature broke to the downside and gave a nice bearish target today. If we look at the chart now: The price has broken 200 EMA, HNS Neckline support zone to the downside. The market is quite bearish. RSI is also showing weakness in bulls. If we look at the OI data: PCR = 0.67 shows a...
EURUSD is one of the most traded Forex instruments with good volume activity. If we look at the chart: The market has been trading in the consolidation phase. Then it gave a breakout last week, 24th Feb. After that, the market has been in the range (1.07972 - 1.08576) bound situation. Case 1: The market is going to be sideways unless it's broken to the...
As we discussed, NIFTY's sideways behavior touched the fib 0.38 level and came back to trading again at the resistance. If we look at the chart now: The market is trading at the resistance right now. This might force it to consolidate for tomorrow as its expiry for nifty on 7th Mar. market might expire in the marked region. If we look at the OI data: ...
As we discussed, the Banknifty breakout gave quite a nice target today. As it was expiry today, the market turned sideways in the afternoon. If we look at the chart now: The market is trading at the resistance zone right now. Today, it has been sideways at resistance. After that, some selling came with good volume, which may be because of expiry today. The...