manavtechresearch

manavtechresearch

INDEX SUMMARY -SGX NIFTY IS SHOWING A 50 POINT POSITIVE START -INDEX IS TRYING TO BREAK ABOVE ITS BEARISH ENGULFING BAR CREATED ON 25/11 -NOW SUSTAINING ABOVE IT -YESTERDAY PREVIOUS DAY HIGH WAS TESTED AND MARKET SUSTAINED ABOVE IT -INDEX CREATING HIGHER SUPPORT -NIFTY INDEX IS STRONGER AS COMPARED TO BANKNIFTY INDEX -ONLY WORRY POINT IS THE 50 POINT...

manavtechresearch

INDEX SUMMARY -BANKNIFTY TILL NOW HAS FAILED TO CREATE A SWING -IT WILL BE CREATED ONLY IF BANKNIFTY BREAKS ABOVE 29920 -RBI POLICY TODAY EXPECT VOLATILITY IN THE COUNTER -STRONG START TODAY -INDEX HAS BOUNCED HEAVILY FROM ITS OPENING PRICE -INDICATING STRONG MOMENTUM -SWING LOW BREAK BELOW 29200 -SWING HIGH BREAK ABOVE 29920 -IF SWING HIGH OF 29920 BROKEN...

manavtechresearch

INDEX SUMMARY -SGX NIFTY IS SHOWING A 40 POINT POSITIVE START -INDEX IS TRYING TO BREAK ABOVE ITS BEARISH ENGULFING BAR CREATED ON 25/11 -YESTERDAY INDEX HAD CRACKED TO RETEST 13000 -WHICH WAS FURTHER LEAD WITH A SHARP RECOVERY LEAD TO SHORT COVERING -TODAY INDEX IS OPENINIG GAP-UP NEAR 13200 -CRUCIAL SUPPORT KICKS IN @12990 -CRUCIAL RESISTANCE KICKS IN...

manavtechresearch

INDEX SUMMARY -BANKNIFTY IS CONSOLIDATION MODE -INDEX RANGE IS GETTING NARROWER -INDEX NEEDS TO BREACH 29920 LEVELS TO START FRESH LEG OF RALLY -CRUCIAL RESISTAINCE KICKS IN AT 30190 -CRUCIAL SUPPORT KICKS 29200(RISING FROM 28900) -IF INDEX BRINGS THE PREVIOUS SWING HIGH OF 30190 TO SEE 30800-31000 -WAIT AND WATCH APPROACH FOR THE INDEX BANKNIFTY RESISTANCE...

manavtechresearch

INDEX SUMMARY -SGX NIFTY IS SHOWING A FLAT TO POSITIVE START -AS WE DISCUSSED YESTERDAY HEAD-AND SHOULDER PATTERN BECOMES INVALID ONCES INDEX CROSSES ABOVE 13100 -AND EVENTUALLY BROKE ABOVE 13100 TO START A FRESH LEG OF RALLY -NOW WHAT WE DID NOT DISCUSS YESTERDAY IS THAT ON DAILY CHART INDEX IS TRADING INSIDE THE BAR OF 25/11 -THE BIG RED BAR WAS BROKEN...

manavtechresearch

INDEX SUMMARY -YESTERDAY BANKNKNIFTY MADE A MOVE TOWARDS TO THE UPSIDE -SWING HIGH IS PLACED AT 30190 -IF TAKEN OUT WE CAN HAVE A 1000 POINT RALLY -NEW SUPPLY ZONE SEEN IS BETWEEN 29920-990 -ONCES BROKEN A RETEST OF 30190 IS POSSIBLE -BANKNIFTY FOLLOWING A SWING PATTERN IN HOURLY CHART -TRACKING IT TO SEE A BREAK IN THOSE PATTERNS OR CONTINUATION -CHANNEL...

manavtechresearch

INDEX SUMMARY -BANKNIFTY YESTERDAY MOVED IN A SINGLE DIRECTION -WITH MIINOR SIDEWAYS ACTION INDEX CLOSED AT THE HIGHEST LEVEL -AS EXPECTED BANKNIFTY MOVED IN OUR TRADING CHANNEL(1-HOUR CHART) -BASED ON THE CHANNEL ANALYSIS BANKNIFTY CAN MOVE TILL 30K-31K -REMEMBER NIFTY IS UP BY 8% FROM PREVIOUS ALL TIME HIGH -BANKNIFTY INDEX IS STILL TO BREACH ITS PREVIOUS ALL...

manavtechresearch

INDEX SUMMARY -SGX NIFTY IS SHOWING A 60 POINT UP TICK -INDEX TRADING INSIDE A CHANNEL -GAP INDICATES BREAK OF THAT CHANNEL -WILL THE GAP SUSTAIN WE NEED TO WATCH CLOSELY -WE HAD DISCUSSED THIS YESTERDAY ITSELF THAT ONCES 13000 IS TAKEN OUT WE WILL SEE HIGHER LEVELS -AS A RESULT OF SHORT-COVERING -IT IS MONHTLY EXPIRY WEEK SO I EXPECT VOLATILITY NOT...

manavtechresearch

INDEX SUMMARY -BANKNIFTY SAW VOLATILE MOVES ON FRIDAY FOLLOWED BY MONDAY ALSO -AS EXPECTED BANKNIFTY MOVED IN OUR TRADING CHANNEL -BANKNIFTY IS GEARING FOR HIGHER LEVELS -TRADING INSIDE THE NEW BULLISH CHANNEL ON HOURLY CHART -CONFIRMED IN LOWER TIME-FRAME ALSO -COMING TO LEVELS 29350-29600 IS THE SUPPLY ZONE FOR NOW -CRUCIAL SUPPORT COMES IN AT 28700-28600...

manavtechresearch

INDEX SUMMARY -SGX NIFTY IS SHOWING A 25 POINT UP TICK -INDEX HAS A NEW TRENDLINE SUPPORT AND WE GOT A CHANNEL CONFIRMATION YESTERDAY ON HOURLY/30-MIN CHART -INDEX HAS HIGHEST CALL OPTION OI IN THE 13000 STRIKE PRICE -AGAIN I WILL SAY IF 13000 IS TAKEN OUT MARKET WILL ROAR ON THE UPSIDE -IF INDEX STARTS TO SUSTAIN ABOVE 12965-12975 WE WILL START SEEING HEAVY...

manavtechresearch

AXIS BANK FUTURES TRADE -BREAK OF TRENDLINE INDICATING FURTHER DOWNSIDE TILL 577-575 -LOWER LOW FORMATION ON DAILY CHART SHOULD PROPEL THE STOCK LOWER -CONVERGING RESISTANCE ON HOURL CHART AT 605-608 STBT TRADE IN AXIS BANK NOV FUT SHORT@596 STOP@608 TARGET-1@586 TARGET-2@575 QTY=2400

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POSITIONAL TRADE IN ITC DEC FUTURES -ABOUT TO ENTER MULTI-WEEK RANGE OF 192-207 -ITS SEEN IN THE PAST BREACH OF 192 HAS LEAD TO RETEST OF 200-207 -WEEKLY CHART SUGGESTIING BUYING MOMENTUM ITC FUTURES TRADE BUY@191.75 STOP@182 TARGET-1@200 TARGET-2@203 TARGET-3@206 QTY=6400

manavtechresearch

INDEX SUMMARY -BANKNIFTY SAW VOLATILE MOVES ON FRIDAY -MOVES LIKE 600 POINTS ON THE DOWNSIDE TO 600 POINTS ON THE UPSIDE -BANKNIFTY IS GEARING FOR HIGHER LEVELS -TRADING INSIDE THE NEW BULLISH CHANNEL ON HOURLY CHART -BANKNIFTY IS GOOD SPOT -COMING TO LEVELS 29350-29600 IS THE SUPPLY ZONE FOR NOW -CRUCIAL SUPPORT COMES IN AT 28700-28600 ACTING AS THE DEMAND...

manavtechresearch

INDEX SUMMARY -SGX NIFTY IS AGAIN SHOWING A 80 POINT BUMP UP -INDEX HAS A NEW TRENDLINE SUPPORT -INDEX HAS HIGHEST CALL OPTION OI IN THE 13000 STRIKE PRICE -IF INDEX STARTS TO SUSTAIN ABOVE 12965-12975 WE WILL START SEEING HEAVY SHORT COVERING -ALTHOUGH I EXPECT PROFIT BOOKING AT HIGHER LEVELS -IF INDEX BREAK A SHARP MOVE TOWARDS 13100-13200 CANNOT BE RULED...

manavtechresearch

INDEX SUMMARY -SGX NIFTY IS AGAIN SHOWING A 80 POINT BUMP UP -TILL NOW NO POINT OF REVERSAL SEEN -ALSO MANAGED TO CLOSE AT THE HIGHEST POINT ON THE INDEX -CRUCIAL SUPPORT COMES IN @12680 -CRUCIAL RESISTANCE COMES IN @13000 -NO DASH TRADES AVAILABLE -NO POINT OF REVERSAL SEEN SO WAIT IT OUT -BUYING AT HIGHER LEVELS NOT SUGGESTED RESISTANCE FOR THE DAY...

manavtechresearch

INDEX SUMMARY -BANKNIFTY HAD CORRECTED 1300 POINTS FROM THE TOP -ALREADY HAS COVERED 800 POINTS OF THAT FALL -EXPECT ANOTHER 300 POINTS COVER IN THE OPENING TODAY -WEEKLY CHARTS ON BANKING STOCK INDICATES GOOD MOMENTUM ON THE UPSIDE -ICICI BANK AND CAN EXPECT A RUN TO 500 TODAY -NEW RANGE ON 30-MIN CHART IS VISIBLE RANGING FROM 27820-28820 -CRUCIAL RESISTANCE...

manavtechresearch

INDEX SUMMARY -SGX NIFTY IS AGAIN SHOWING A 80 POINT BUMP UP -TILL NOW NO POINT OF REVERSAL SEEN -YESTERDAY A SHARP 100 POINT DIP WAS BROUGHT SO HEAVILY THAT IT TOOK THE MORNING HIGH -ALSO MANAGED TO CLOSE AT THE HIGHEST POINT ON THE INDEX -CRUCIAL SUPPORT COMES IN @12523 -CRUCIAL RESISTANCE COMES IN @12800-13000 -NO DASH TRADES AVAILABLE -NO POINT OF...

manavtechresearch

INDEX SUMMARY -BANKNIFTY IS STILL LOOKING STRONG ON THE UPSIDE -NO MERCY FOR THE BEARS -YESTERDAY A SHARP 600 POINT DIP WAS BROUGHT IN HEAVILY -NIFTY INDEX IS TRADING ABOVE ITS ALL-TIME HIGH -BANKNIFTY SHARES CO-RELATION WITH NIFTY INDEX -SOONER OR LATER BANKNIFTY WILL CATCH UP ON THE UPSIDE -EXPECTATION OF BANKNIFTY HITTING 28500 WAS HIT YESTERDAY -RAISING...