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Nifty did not react positively to stimulus package, some reaction to LockDown 4.0 that has several new relaxations w.r.t. economy and business are possible. But the upside looks capped. Support and resistance levels are mentioned on chart. Trade with caution, do consult your financial consultant before taking any positions. Trading using risk defined...

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Gold is looking much stronger after breakout of a long term bullish channel. It is trading at a 10 year high, and fundamentals support further upside. Buy the dips, with a stoploss of 1660 for positional longs and 1696 for intra-day longs. Try to keep big targets 1840-1920, follow trailing stop loss system once it is above your buy level. As you know, we...

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Nifty is in a clear downtrend, the positive news of economic stimulus and resuming commercial activity could not help it retain higher levels. Daily RSI is at 47, which is the lowest levels in past 14 days, MACD though above the signal level, but receding histograms are indicating weakness, crossover can be expected in comming days. On 9EMA on 21RSI system, it...

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Nifty closed below another important supporting trend line today. 9390 may provide cues w.r.t. immediate direction of Nifty. 9248 followed by 9116 are important for Bulls, while 9450 - 9500 is expected to act as resistance zone. The package anticipations were holding Nifty for past few days, it has now gone. Economic activity, Dow and "Reliance" will keep...

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Silver has given a pattern breakout today, buy the dips for a target of 44500/- keep Rs. 300 stop loss.

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Nifty opened gap down following global trends, slid down to support line of the wedge. Tuesday is likely to see the levels of 9365 and 9395 as immediate resistance points. The supports may come in at 9266, 9230 & 9105. May series, open interest slid by 2.8% with the yesterday's slide, option chain data suggests Night might have to struggle beyond 9350-9400 levels.

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Nifty has become a shadow index of Dow Jones, which is having a stiff resistance at 24100 levels. Levels are mentioned on chart, OI of Nifty and bank Nifty is not giving any directional cue as there is no major buildup. Option chain is indicating downward bias, as today there has been more OI added in near ATM calls, some unwinding of positions was seen in neat...

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Please refer to the levels mentioned on chart. The rally does not look so convincing as it is not supported by volumes and Open Interest buildup. Trade with caution.

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Look in the chart for important levels.

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Pls refer to chart for important levels.

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Nifty closed with good strength on Friday, levels of 9388 and 9431 can be seen on Monday. As you know, it is still a bear market rally, that may fizzle out without any warning. Follow trailing stop losses is a advisable. Nifty Futures Open interest does not indicate any positional buildup, while option chain is showing upward bias. 9050 should be used at...

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Infra sector is the latest one to catch the investor's interest. L&T is among most leading stock in this sector, can be bought on dips. Safe traders can create positions using bull spreads of 920 and 1020 calls, pay out is about 20 Rs. Put of 820 can be sold to reduce the payout to 8-9 Rs. As per y'day closing prices of 920 Ce was 37.8, 940 Ce was Rs. 10,...

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Today's recovery was sharp and unexpected. I would wait for 9130 to be crossed and exceeded before concluding that yesterday's engulfing candle is negated. crossing and sustaining 9050 is important for intraday long side trades. 8880 and 8815 are important support levels on the down side. Future OI and options positions do not provide any clue, volume and...

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Protect your positions on Reliance, avoid long side trades as long it reclaims 1198 levels. Rallies if any, can be utilised to create fresh shorts as long as 1198 is not exceeded. Targets on the downside are 1160-1142-1098.

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Nifty is forming a bearish engulfing candle today. Cover / completely hedge your shorts...... closing below 8910 can not be good for long side trades, 8860 for today and 8920 for tomorrow will open doors for further downside. Only crossing 9260 can bring some comfort to long side traders.

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Reliance is moving in a narrowing channel, any breakout will provide further direction. Until than trade the 1180-1260 range.

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Tomorrow PM address may provide some direction. If there is some announcement of resumption of partial economic activity, an upside move can be expected. If, it is not announced, we'll probably follow the dow or other global markets. 9 EMA on 21 RSI remains positive on daily as well as two hour charts. 9050 is important for long side trades and 8910 is for...

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Nifty is moving in a channel, important levels for 20-03, as per this channel are marked on the chart.