ipuneet

ipuneet

There is something worthy of noticing w.r.t. the rising channel Nifty is moving in and RSI divergence, this time. 1. While the Nifty has made a higher top, RSI has failed to do so. This RSI divergence is seen after a long time, as RSI is considered as a leading indicator, this can't be ignored. 2. Nifty has not touched to resistance line of this channel this...

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ITC is expected to take support near present levels, buy with a stop loss of 180 (closing basis), for targets of 195 n 200+

ipuneet

Pls refer to chart for imp levles.

ipuneet

Please refer to chart for imp levels. Trade with caution, following stop losses. Fundamentally, things are same, Dow and US markets are not looking as strong as they were till a few days back. Technically there is nothing much to suggest a trend reversal, Quantitative data is neutral at best. RELIANCE is still looking strong, may start flying again anytime...

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Though the news flow (china border dispute) and global markets are not supportive, charts and indicators / oscillators are indicating continuation of uptrend. Resistance and support levels are mentioned on the chart. I generally don't trade nor recommend naked derivative positions, and find risk defined strategies or spreads / strangles more relevant for...

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Important levels are mentioned on chart. Knowing the US market are not looking as strong as those were till a few days back and China border issues, it is advisable to trade with caution, using strict stop losses. RSI is overbought on 30 min n one hour charts, some correction or consolidation can be expected.

ipuneet

Please look at chart for levels. Markets looks strong, some consolidation can not be ruled out. Reliance is expected to play a major role, as it has been for past few weeks. TRADE WITH CAUTION.

ipuneet

A Hanging Man candle emerged on the chart. Not only this candle has appeared while the NIFTY stays in a rising channel, but also below the important resistance point that lies in the form of the 100-DMA, which is presently at 10156. This makes the formation of this present candle potentially bearish. Today's news flow is country specific and has potential to...

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the downtrend looks like "task unfinished" but the Friday recovery was quite strong. Reliance may keep supporting the markets, for some more time. refer to the follow the levels mentioned the chart.

ipuneet

Breakout of 20995 or 19995 range on either side will provide further direction. 19456 is significant for positional longs. My personal opinion is the down trend or correction is "task unfinished" buy Friday rally was too strong. A confirmation of downside is necessary to take short side trades. With weakness in Dow future, at best our markets can consolidate...

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Nifty could not close above the high ot TriStar, and closed just below that. 11300-350 looks like a resistance area, profit booking can be considered here. Future interest is not changing much for past two days, indicators are still bullish. The short term trend indicator 9EMA on 21RSI on two hour chart is indicating consolidation to mild weakness.

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Strong momentum and liquidity can support the markets for some more time, refer to chart for levels.

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A tristar can be seen on nifty daily charts, it is a strong pattern and any move beyond its range (on closing basis) can provide further direction. Momentum is strong, liquidity can take nifty at higher levels, following a trailing stop loss system for long positions is important at this stage.

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Nifty has rallied over 450 points in two sessions, consolidating Dow may make Nifty to consolidate too. Post weekly settlement, discount in June Future series is not very comfortable, yesterday's nifty OI addition was only 4.49%, this also indicate some pull back or consolidation. Important levels are mentioned on the chart. Daily RSI closed above 50, EMA on...

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We all know Nifty can not move much without Reliance's contribution. Buy the dips with a trading s.loss of 1403, Positional S.Loss of 1338 and investment s.loss of 1287. Do consult your financial advisor before taking any position in derivative in financial markets.

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Bank Nifty closed with a big gain today, it made a trend line breakout and closed near day's highest level. All this is well supported by Futures' open interest buildup, we may see more upside going forward. One can trade using bull spreads for targets of 19300, 19800 and above, in days to come. 17980 can be used as a trading stop loss for all long positions....

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I won't be surprised to see Nifty and Bank Nifty moving in opposite directions for a few days. BankNifty too is oversold but quite weak on technical and quantitative parameters. Pharma, IT, Cements, FMCG are looking strong, while Auto and Energy have recovered from the lows. I would avoid any shorts in Nifty at this stage. Stronger Dow and other global...

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Technical and quantitative indicators are bearish for oversold banknifty index and many banking stocks. Trade on the downside using bear spreads.