hitendravasudeo

hitendravasudeo

Bank Nifty Bank Nifty in correction mode. Into a lower top and lower bottom formation. Support coming from the earlier breakout point of 32861. The low registered last week was 32391 but closed at 33006. A recovery was witnessed but could not cross the lower top of 34425. Relatively Bank Nifty weaker to Nifty in the current correction phase since the peak...

hitendravasudeo

Dollar Index Lower top breakout above 91.40 and higher top and higher bottom sequence is in place Expect 94 to be tested with volatility. Support of 91.4 need to be violated very quickly for world equities to prosper in near term. Negative divergence on RSI but negative divergence at time tend to delay the fall.

hitendravasudeo

Gold In Correction spiral of lower top and lower bottom formation. Breakout and close above 1756 can turn the cycle up. RSI already had test oversold zone and now need the price breakout. On fall below the suport of 1670 on closing basis with bearish candle can lead the lower top and lower bottom sequence to 1500 or below unless positive divergence is generate...

hitendravasudeo

Sensex Weakness and slide is surely below 48236. Supply zone at 49661-50265. Breakout and close baove 50265 is essential. 23.6% projection breakout will happen automatically above 50265 for rise towards next supply zone 51863-52516 The 61.8% projection for a-b-c relationship will be witnessed on breakout and close above 50265 for rise towards 52147. Traders...

hitendravasudeo

NIFTY Futures Support of 14521 was violated. On the first attempt, a recovery was seen for a minor pullback to 14900. Later violated the support of 14521 and close below it. Further we had the gap and body gap covers at 14351. On 25/03/21, the gap was closed as closing was at 14324. On the next day, Friday 26/03/21 a gap up was seen to cross previous day's...

hitendravasudeo

Support Gap tested and closed below it. If sustains now below it the next step would be to test the demand zone. The effects of negative divergence on RSI now Pullback could not cross the peak as RSI kept making lower high and kept dripping down. Support gap test and is under pressure. Reversal is above 14900 and till then objective remains to exit long and...

hitendravasudeo

Support under pressure. A close below the support line -horizontal line will take the correction down to the next demand zone marked by next 2 horizontal lines

hitendravasudeo

Perception Not For Intra day. Trend line violation seen. Support held and was not violated at closing. Therefore, a pullback attempt to violated trend line possible. If fails to move above the violated trend line and could put the pressure back on the support of 14370. Violation of 14370 on closing could lead a slide towards demand zone 14007-13700.

hitendravasudeo Updated 

SGX NIFTY SGX NIFTY support of 14441 critical for bounce or for breakdown Trend Line violation witnessed. Support of last swing bottom 14441 is visible. The same is being tested. Low till now 14507. On further fall and close below 14441 expect slide towards demand zone. demand zone -14065-13666. wider zone-13805-13160. resistance currently will be at...

hitendravasudeo

SGX NIFTY Weekly Sideways Rectangle band 14441-15555 If breakout above 1555 is witnessed then expect a rally to 16253. As long as 14441 is not violated sideways volatility may continue for consolidation. Violation of 14441 can mark a dow theory reversal.

hitendravasudeo

SGX Hourly Chart Resistance is at 15079-15100 range. Once breakout above 15100 is witnessed then expect a rise towards 15169 at least and may exceed to 15213 and 15406 depending on the speed/momentum. Support of 14900 is key on hourly chart view. Once breakout above 15100 is witnessed then fall below 14900 must not be witnessed.

hitendravasudeo

SGX NIFTY showing Trend line breakout and try to make new high. The peak of 15433 is likely to tested. Along with the current trend line breakout if another breakout above the peak is witnessed then expect a rally to 1552(61.8%) Fib Project ,100% 16238 and 17374 (161.8%) 17347. Support will be at 15134-15130. Overall need to remain above 15100.

hitendravasudeo

NIKKEI It is going to test back its historic peak form in 1990. Historical monthly charts has shown negative divergence and has led to correction. But once the higher top and higher bottom formation resumes or is being witnessed then correction on the back of overbought or negative divergence on RSI can lead to higher bottom formation in case of...

hitendravasudeo

DAX Monthly chart Showing a breakout Expect rise towards 2.618% retracement levels of 17625. 2.618% retracement is of the fall from 8095 to 2206. The breakout effect continues towards 100% (13985) The same is crossed.

hitendravasudeo

BSE 400 MID SMALL CAP 4 hour chart view Support of 5195 needs to be held. RSI has exited overbought zone and further fall below 5195 can extend into a correction to test the retracement of of 38.2% -5013 which can put pressure on the stocks. Support on monthly chart is at 5082-5049. RSI on monthly chart has hit the overbought. Violation of support can set a...

hitendravasudeo

Contracting and sideways movement looking for next direction movement out the band

hitendravasudeo

Contracting movement leading to sideways movement along with a few indecisive candles

hitendravasudeo

A breakout and follow up rise. Even as Nifty fell down and corrected or sideways movement. BSE MID CAP SMALL CAP 400 maintain the positive movement and move higher. Expect the fib projection as shown in the chart to be tested in due course of time with volatility.