This is just made for a comparison study for the vix' movement with respect to the index, as the index made a new high and vix' also made an all time low. it didnt break the trend line, and it can remain there for long time even. please do not take any conclusion. just make it a point for our studies only.
Above 22756 toady’s Resistance are 22790_22830 & 22870 BN Reached all the weekly resistance level in one day, by breaking out from the channel. It can see 22900 or even 23000 by month end. Weekly above 21437 Bank Nifty’ Resistance will be 22564_22692 & 22782 Weekly below 21280 Bank Nifty’ Supports will be 22152_22020 & 21935
Above 9370 today’s Resistance are 9390 _ 9440 Nifty' Just touched the First weekly resistance 9365, and may be find resistance here,as 9367 work like a triple top. on crossing that nifty' can fly Weekly above 9330 Nifty’ Resistances will be 9365_9400 & 9440 Weekly below 9280 Nifty’ Supports will be 9244_9207 & 9159
Achieved a pinpoint target 936
Let us hope it will recover to above Tl. if not we may see 980 again This is the old post :
Above 22340 toady’s Resistance are 22390_22430 & 22470
Above 9325 today’s Resistance are 9340_9370 & 9380. Yesterday Nifty' not moved to expected level, as the correction may be still pending. So it can find a support somewhere around 9285 or 9245. Those who are long at that support with a STOP 9245 will make a handsome gain tomorrow. where as below the channel it can go further down.
Even though the greatest financial Gain or loss happen at price extremes, Wave theory is the quantification and structuralize of mass psychology. Awfully, the periods of pessimism and euphoria is seldom conveniently peaks at price tops and bottoms. General mistake made by Eliotian is that of starting wave counting from the lowest low or highest high of a market...
There is no major change in the daily level. Market can be bullish toady, for a Target 9370 with stop loss 9275 Below 9300 today’s Supports are 9285 & 9245
BN is at resistance now, may correct to 22170 level before going up Above 22370 toady’s Resistance are 22420_22470 & 22530
Looks like a side way scenario now, and the external clue is also negative, Nifty' will support 9275 area and turn up. One can follow these levels as we use trailing SL. Below 9293 today’s Supports are 9275 & 9240 Weekly above 9330 Nifty’ Resistances will be 9365_9400 & 9440 Weekly below 9280 Nifty’ Supports will be 9244_9207 & 9159 Monthly above 9366 Nifty'...
Looks like Resistance area now, and the external clue is also negative, BankNifty' will support 21947 area and turn up. Use the below levels as we use trailing SL. Above 22388 toady’s Resistance are 22437_22520 & 22564 Weekly above 21437 Bank Nifty’ Resistance will be 22564_22692 & 22782 Weekly below 21280 Bank Nifty’ Supports will be 22152_22020 &...
Dredging corpn:674. A pole & flag pattern formation associated with huge volume shows strong bullishness with high relaiabilitty. Breakout from the channel can see a movement equal to the pole height.Target 1000. stop loss:660
The Fear Index drift Further down,the low was 9.92 last week. A lower volatility means that a security’s value does not fluctuate dramatically, but changes in value at a steady pace over a period of time. VIX' level of below 15 is seen as stability to the market, while a figure above 15 indicates high volatility. So be bullish and get use of the...
Below 22296 today’s supports are 22247_22200 & 22135
Now we have an over bought situation This was posted earlier on 14th April, expecting a strong support, even after the Nifty' broke down below the price channel.
Below 9330 today’s supports are 9310 & 9275 No much difference than yesterday's level
Above 9360 today’s resistance are 9384_9416 Nifty' is Trading well above the weekly supports