ipuneet

ipuneet

Levels and advise is mention on chart. Please carry due diligence and consult your financial advisor before taking any positions. Whatever is shared here is for research and education purposes, and not a recommendation to buy or sell.

ipuneet

Bank Nifty has been underperforming Nifty for some time and it will probably continue to do the same for some time. 21000 is a strong support, I don't see that breaking in a hurry. Y'day's fall was quite steep and alarming though. Important levels are mentioned on chart itself, please trade with caution. Utilise spreads and risk defined strategies only to...

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Yesterday's low of SGX nifty is on a import point on a supporting resistance line. 11100 should hold if this uptrend has continue, looking at the strong momentum we are in for past few months, possibility of this can not be ruled out. Y'day's fall has come after long consolidation in a narrow range, generally the correction after such phases last longer than 1-2...

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Bank Nifty mildly bullish stance, trade long using ratio spreads for target of 22150-22300 levels. 21590 can be used as stop loss. Other important levels are mentioned on chart.

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Nifty resistances and supports purely based on price action and chart pattern. Refer to chart for exact levels.

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Nifty moving in a narrowing wedge since March end, i.e. after the Feb-Mar correction. Within the wedge, there is a channel n control line drawn, 11280, 11471 and 11710 can be expected if it keeps following the trend. 11090 and 11012 are supports within the channel, a big down move may come if it breaks the support line of wedge. 10909 and 10712 are the...

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Utilise 9EMA on 21 RSI for direction and utilise the levels mentioned in the chart. Silver is a wild beast as far as the volatility is concerned, keep a pre ordered stop loss of 500-600 bucks in the system - or it will take you for a ride. After y'day's correction (loss on momentum), I would be more comfortable shorting on rallies.

ipuneet

Bank Nifty has been weak for past few sessions. Breach of 21446 and 22334 will decide further direction in near term. Important resistances an supports are mentioned on chart.

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Nifty - 10630-680 zone looks important to cross for further upside. I feel market will consolidate within the range of 10480-10680, before making a decisive move in either direction. Looking the chart will give you an idea of how these levels are reached at. Holding 10562 is important for short term uptrend, it is PDL as well as low of hanging man pattern that...

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Nifty is comfortably above the long term support line. As long as it is above this line near 9600 levels, there is no reason to panic for long term investors. On Fibonacci levels, 10661 is important 61.8 % retracement level, even if Nifty has to cross this, some efforts or consolidation cannot be ruled out around 11600-11650. Weekly RSI has been at 54, which is...

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HDFC Life Insurance - buy above 576 i.e. breach of channel - for target of 620. Keep 558 or 540 as s.loss.

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Pls refer to chart for important levels.

ipuneet

Nifty posted a smart recovery yesterday, have mentioned about implied strength on my telegram channel y'day morning. It has comfortably exceeded the high of tristar too, Dow continues to consolidate but Nasdaq made a fresh high. Follow the levels mentioned on the chart and try to trade on long side.

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Levels shared with yesterday's chart hold same relevance. Nifty OI saw unwinding of some position today, not enough to indicate any build up as such. There was a smart recovery from the lows today, I won't be surprised to see some follow up recovery tomorrow. Decisive uptrend will come only after it breaches 10416, till then some more of consolidation can be...

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Significant unwinding of positions on Thursday - Friday and weaker Dow or US markets are giving much comfort. Refer to the levels mentioned on chart, and use appropriate stop losses.

ipuneet

Nifty took a breather on Friday. Keep an eye on the rising support line - 10347 is the point for Monday. Important supports n resistances are mentioned on chart.

ipuneet Updated 

SBI has given a nice break out, friday's volume and OI addition indicate more upside. Any hedged position or a Bull spread utilising 185 n 200 strikes can be taken.

ipuneet Updated 

Reliance has been bullish for some time, it may touch 1700+ in near future. Trade using option strategies, some ideas are mentioned in chart itself. Please carry due diligence, and consult your financial advisor before taking any positions in financial markets.