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-BANKNIFTY HAS TURNED WEAK AGAIN SHOWING SIGNS OF DOWNSIDE -BANKNIFTY ONCES BREACHES 22000 CAN TEST 21600-21500 -TODAY BANKNIFTY IS NOT AN BUY ON DIP -TRENDLINE SUPPORT ALSO SEEN IN BANKNIFTY INDEX WHICH CAN BE BROKEN IN THE OPEN ITSELF -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 WHICH IS AT RISK -CRUCIAL RESISTANCE PLACED AT...

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-SGX NIFTY IS WAS INDICATING A 70 POINT GAP-UP AND REVERSED INTO NEGATIVE -REASON THE DOWN AND S&P 500 GAVE UP ITS HUGE GAINS -NIFTY IS WITNESS EXHAUSTION ON THE UPSIDE -TODAY WE CAN AGAIN TRADE WITHIN THE RANGE OF 10690-10830 -WITH NEGATIVE BIAS -CRUCIAL SUPPORT IS PLACED AT 10690-10660 -CRUCIAL RESISTANCE IS PLACED AT 10850 WHICH WAS ALSO NOT BROKEN...

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BANKNIFTY WEEKLY SETUP -BANKNIFTY EXPIRY BARILY MANAGED TO HOLD ABOVE 22400 ON FIRDAY -IT ALMOST CLOSED NEAR THE LOWER END OF THE RANGE OF 23070-22400 -ANY DIPS TOWARDS 22400 SHOULD BE USED TO BUY INTO THE INDEX -TRENDLINE SUPPORT ALSO SEEN IN BANKNIFTY INDEX -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 22450...

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-SGX NIFTY IS INDICATING A 60 POINT GAP-UP -WE WILL OPEN NEAR OR ABOVE THE TRADING RANGE OF NIFTY OF 10690-10830 -POSITIVE NEWS INFLOWS FOR MAJOR STOCKS WE MIGHT SEE TEST OF 200-SMA PLACED AT 10880 -CRUCIAL SUPPORT IS PLACED AT 10690 -CRUCIAL RESISTANCE IS PLACED AT 10850 -"PLEASE NOTE" NIFTY IS TRADING INSIDE THE BAR OF 8TH JUL FOR TWO CONSECUTIVE DAY -TODAY...

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-BANKNIFTY EXPIRY RANGE OF 22400-23070 WAS VALID -IT ALMOST CLOSED NEAR THE UPPER RANGE -BANKNIFTY IS IN A STRONG UPTREND -ANY DIPS TOWARDS 22700-22600 SHOULD BE USED TO BUY INTO THE INDEX -BANKNIFTY CONQUERED 22450 ON CLOSING BASIS TO MOVE HIGHER AS DISCUSSED EARLIER -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT...

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-SGX NIFTY IS SHOWING A DOWNTICK OF OF 60 POINTS -YESTERDAY NIFTY TESTED THE UPPER RANGE OF 10830 -I EXPECT THE INDEX TO TRADE WITHIN THE RANGE BUT WITH A UPSIDE BIAS -THE MORE TIME NIFTY SPENDS INSIDE THE RANGE THE STRONGER WILL BE THE BREKAOUT -BUT STILL WHAT WE HAVE ON NIFTY IS A RANGEBOUND MOVEMENT FROM 10690-10830 -THIS PRICE ACTION IS VISIBLE ON 30-MIN...

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-BANKNIFTY SHOWED VOLATILE MOVEMENT YESTERDAY -TODAY IS EXPIRY EXPECT THE SAME -BUT YESTERDAY BANKNIFTY AFTER SHARP REVERSAL FOUND SUPPRT ON ITS 100-EMA(DEMA) -BANKNIFTY CONQUERED 22450 ON CLOSING BASIS TO MOVE HIGHER AS DISCUSSED EARLIER -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 22450...

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-SGX NIFTY IS SHOWING A MINOR UPTICK -YESTERDAY NIFTY FOR THE FIRST TIME SHOWED SIGNS OF EXHAUSTION ON THE UPSIDCE -WE ARE BACK INSIDE THE RISING WEDGE PATTERN -BUT STILL WHAT WE HAVE ON NIFT IS A RANGEBOUND MOVEMENT FROM 10690-10830 -YESTERADY WE TESTED THE LOWER BOUND WENT BELOW AND CAME BACK -THIS PRICE ACTION IS VISIBLE ON 30-MIN CHART -LIKE DISCUSSED...

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-BANKNIFTY IS LOOKING TO OPEN POSITIVE -BANKNIFTY TILL NOW WAS LAGGING BEHIND THE NIFTY RALLY -BANKNIFTY CONQUERED 22450 ON CLOSING BASIS TO MOVE HIGHER AS DISCUSSED EARLIER -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 22450 (RESISTANCE-TURNED-SUPPORT) -NEXT TARGET ON BANKNIFTY 22800-23070-23480 -BREAK TRADE IN...

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-SGX NIFTY IS SHOWING A MINOR UPTICK -ON DAILY CHART NIFTY SLIGHTLY CROSSES ABOVE THE RISING WEDGE PATTERN -LIKE DISCUSSED BEFORE THAT NIFTY IS SEEING A EXHAUSTION AND IS LOOKING TO CONSOLIDATE -200 SMA IS PLACED AT 10887 WILL BE THE MARKET TEST AND BREAK THAT IS A DIFFERENT QUESITON ONE THAT WE WILL NEED TO ANSWER SOON -FRESH TREND TO START ABOVE THE...

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-BANKNIFTY IS LOOKING TO OPEN FLAT -BANKNIFTY TILL NOW IS LAGGING BEHIND THE NIFTY RALLY -BANKNIFTY NEEDS TO CONQUER 22450 ON CLOSING BASIS TO MOVE HIGHER -INDEX HAS NOW MULTIPLE SUPPORTS NOW PLACED BETWEEN 22200-21800 -CRUCIAL SUPPORT PLACED AT 21960 -RESISTANCE IS PLACED AT 22450 -A CLOSE ABOVE WILL LEAD TO 23070-23480 -"WAIT AND WATCH APPROACH FOR...

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-SGX NIFTY IS SHOWING A MINOR DOWN TICK OF 30-40 POINTS -ON DAILY CHART NIFTY SLIGHTLY CROSSES ABOVE THE RISING WEDGE PATTERN -IT REMAINS TO BE SEEN IF IT SUSTAINS HIGHER -200 SMA IS PLACED AT 10887 WILL BE THE MARKET TEST AND BREAK THAT IS A DIFFERENT QUESITON ONE THAT WE WILL NEED TO ANSWER SOON -NIFTY DID CLOSE THE GAP BETWEEN 10760-10820 -CRUCIAL SUPPORT...

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-BANKNIFTY MIGHT OPEN 300 IN THE PLUS -SEE INDEX IS COOKING SOMETHING BIG -A PENDING RALLY IN PLACE -ON THE WEEKLY CHART BANKNIFTY FOR THE FIRST TIME HAS CLOSED ABOVE 21600 IN 15 WEEKS -A LOT OF POSITIVE FOR HEAVY WEIGHTS LIKE ICICI AND HDFC BANK -TODAY BANKNIFTY CAN OPEN ABOVE RESISTANCE CAUSING SERIOUS SHORT COVERING -REMEMBER BANKNIFTY IS PLACED NEAR...

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-SGX NIFTY IS SHOWING A GAP UP OF 90 POINTS -THIS SHOWS A POSSIBLE OPEN NEAR 10700 -ON WEEKLY CHART NIFTY IS INDICATING A MOVE TOWARDS 10700-10950 RANGE -AND IF THE MARKET SUSTAINS ABOVE 10700 THEN THE WE CAN LOOK TO TEST 10740 -A " BUY ON DIPS" RECOMMENDATION -CRUCIAL SUPPORT AT NOW AT 10630 -SECOND CRUCIAL SUPPORT PLACED AT 10550 -INDEX IS LOOKING TO REASON TO...

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BTST TRADE IN RBL BANK BUY@173.5 STOP@170 TARGET@179

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-breaking consolidation and moving up -momentum trade -first time will manage to close over 680 -can see some short covering above 685 POSITIONAL TRADE BUY@684.5 STOP@664.5 TARGET@694.5(SHORT TERM) TARGET@711(SWING TRADE) TARGET@720(POSITIONAL TRADE)

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-STOCK CLOSED ABOVE MAJOR HURDLES -WILL USE YESTERDAY LOW AS A STOP -WILL ENTER IF THERE IS ANY DIP MOMENTUM TRADE BUY@1880-870 STOP@1860 TARGET@1918(MOMENTUM TRADE) TARGET@1950(POSITIONAL TRADE)

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-BANKNIFTY MIGHT OPEN 200 IN THE PLUS -INDEX YESTERDAY TESTED THE RESISTANCE OF 22300 -INDEX ALSO AGAIN TESTED THE SUPPORT OF 21960 -BIG MOVES ABOVE 22300 IN THE BANKNIFTY -BANKNIFTY YESTERDAY REJECTED THE 100 EMA -IF 22450 IS CROSSED ON COLSING BASIS WE ARE MOVING TOWARDS 23000-23800 -CRUCIAL SUPPORT PLACED AT 21960 -CRUCIAL RESISTANCE PLACED AT...