SGX nifty is trading around strong resistance level. Keep on radar
Reliance is trading at very crucial level. If sustain at current levels i.e 2460-2480 ,can bring more downfall. Short term moving average convergence can also been seen. Keep on radar
Looking at the present scenario, can we expect an island gap in DJIA today. Chances are very high.
Bank nifty is forming positive divergence in 15 minutes time frame. Be cautious for new short positions.
Keep on radar for reversal/pull back levels in CNX Midcap. 38.2 % level of Fib retracement is not so far. Breaking down this level will open 50 % level of fib retracement.
Small cap index need to hold 7900. Trading near major support. Can we expect reversal/pull back from the said level? Positive divergence can be seen in hourly time frame. Keep on radar for fresh buying near support if giving reversal signals.
Nifty 50 is on the the verge of death cross on weekly time frame. Need to be cautious for next few weeks.
Can we expect surprise today for upward movement to resolve the divergence in hourly time frame?
SGX Nifty is forming H&S pattern in 15 minutes time frame. Good opportunity to short.
DJIA is forming positive divergence on hourly time frame. Can expect a bounce back till 31400 to resolve the divergence
Crude oil is trading under upward sloping channel. Not good for equity as it will impact the profit margins of all the sectors as probably all sectors required crude as raw material/input
US inflation rate is on the verge of falling trendline BO. A rejection from there can bring some relief for equity market. Need to watch closely.
Lets see how much time Dow jones will take to fill this gap.
Nifty may trade between 16600 to 15900 level for the period 13th to 17 June22. 15900 need to be protect else more downfall is possible.
Matrimony is gaining momentum on weekly time frame with a BO of falling trendline. Keep on radar for weekly closing for BO confirmation.
Dow jones is looking good for Flag & pole BO. Keep on radar for BO.
Negative divergence is forming in 15 minutes time frame. Seems index will revisit at 16070-90 to resolve the divergence
SGX Nifty is progressing further. Interesting day to observe.