miraldesai

miraldesai

Falcon Analytics Outlook Bank Nifty for the week (May 23 – May27) Technically on the daily charts we see major support on the downside for BankNifty index lies at 32955 levels, whereas major resistance on the upside is capped around 35000 levels. If BankNifty index breaches minor support on the downside and closes below it, we may see fresh break down...

miraldesai

Falcon Analytics Outlook Nifty 50 for the Expiry week ( May 23 – May27 ) As Discussed in Last Weekly Analysis Nifty sold off from major resistance @ 16387 while the major support for the week @ 15560 was not breached. Technically for this week on the daily charts we see major support on the downside for Nifty50 index lies at 15726 levels, whereas major...

miraldesai

Falcon Analytics Outlook Nifty 50 for the week ( May 16 – May20 ) Technically on the daily charts we see major support on the downside for Nifty50 index lies at 15560 levels, whereas major resistance on the upside is capped around 16387 levels. If Nifty50 index breaches major support on the downside and closes below it, we may see fresh break down...

miraldesai

As discussed in Last Analysis Below 16900 low weak made low of 16203 last week. Falcon Analytics Outlook Nifty 50 for the week (Feb 28 – Mar4) Technically on the daily charts we see major support on the downside for Nifty50 index lies at 16298 levels, whereas major resistance on the upside is capped around 17176 levels. If Nifty50 index breaches...

miraldesai

As discussed in Last Analysis Below 36878 low weak done all levels on downside 36451/35760/35068 Achieved. Falcon Analytics Outlook Bank Nifty for the week (Feb 28 – Mar4) Technically on the daily charts we see major support on the downside for BankNifty index lies at 35322 levels, whereas major resistance on the upside is capped around 37662 ...

miraldesai

As predicted in early post Nifty remains in Complex Correction i.e Triangle , Good news is Big Move around the corner. Technically on the daily charts major Nifty Spot Trend line support comes @ 16900 whereas minor resistance on the upside is capped around 17466 level. Closing above 17466 on upside we are heading towards 18300 . Closing Below ...

miraldesai

Falcon Analytics Outlook for BankNifty for Expiry the week (Feb 21 – Feb25) Technically on the daily charts we see minor support on the downside for BankNifty index lies at 36878 levels, whereas minor resistance on the upside is capped around 38261 levels. If BankNifty 50 index breaches minor support on the downside and closes below it, we may see fresh...

miraldesai

Technically on the daily charts we see major support on the downside @ 2305 levels, whereas major Trend Line resistance on the upside is capped around 2500 level. If breaches minor resistance on the upside @ 2420 and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 2600/2750 levels in Short Term. Next major...

miraldesai

Technically on the daily charts we see major support on the downside @ 2625 levels, whereas major Trend Line resistance on the upside is capped around 2817 level. If breaches minor resistance on the upside and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 2947/3093 and 3502 levels in Short Term . Next major...

miraldesai

Technically on the daily charts major Nifty Spot Trend line support comes @ 16900 whereas minor resistance on the upside is capped around 17466 level. Closing above 17466 on upside we are heading towards 18300 . Closing Below 16900 on downside More weakness towards 16000 . Below 16900 only NIfty Spot looks Weak for now. Watch 14 RSI above 50...

miraldesai

Technically on the daily charts we see major support on the downside @ 1465 and 1414 levels, whereas major Trend Line resistance on the upside is capped around 1540 level. If breaches minor resistance on the upside and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 1580/1621 and 1669 levels in Short Term. Next...

miraldesai

Technically on the daily charts we see major support on the downside @ 829 levels, whereas minor resistance on the upside is capped around 976 level. If breaches minor resistance on the upside and closes above it, we may see fresh breakout and Stock can Lead towards higher levels around 1047/1128 and 1184 levels in Short Term. Next major resistance @...

miraldesai

Technically on the daily charts major Trend line support comes @ 37500/37400 23.6% Retracement @ 37230 and 100%% Retracement @ 36403 whereas minor resistance on the upside is capped around 37741/38154 level. Closing above 38154 on upside we are heading towards 40116 , 40644 and 41717 in potential wave 3. Below 36410 only Banknifty Fut look ...

miraldesai

Technically on the daily charts we see major support on the downside @ 1060 levels, whereas minor resistance on the upside is capped around 1210/1225 levels If breaches minor resistance on the upside and closes above it, we may see fresh breakout and TATA STEEL can Lead towards higher levels around 1375/1429 and 1479 levels in Short Term. Next major resistance @...

miraldesai

Technically on the daily charts we have seen impluse move in wave 1, major support in Wave 2 on the downside comes @ 78% Retracement @ 37868. 61% Retracement @ 37091 and 50% Retracement @ 36545, whereas minor resistance on the upside is capped around 38300 level. Closing above 38300 on upside we are heading towards 40116 , 40644 and 41717 in...

miraldesai

Banknifty seems to be in Running trangle after Long trending move. Consolidation can go on for few days or weeks before next upmove. Upper range : 38300 Lower Range : 37100 Break of above levels only we can see further moves. Below the gap support @ 37800 fall can accelerate. All views for education purpose only Regards, MD.

miraldesai

Technically on the daily charts we see major support on the downside @ 803 levels, whereas minor resistance on the upside is capped around 847.50 level. If breaches minor resistance on the upside and closes above it for 15min , we may see fresh breakout and M_M can Lead towards higher levels around 868/907/959 levels in Short Term. For Educational...

miraldesai

Technically on the daily charts we see major support on the downside @ 56.50 levels, whereas minor resistance on the upside is capped around 61.30 level If breaches minor resistance on the upside and closes above it for 15min, we may see fresh breakout and BHEL can Lead towards higher levels around 70/78.50 levels in Short Term . Breaking out of the ...