pureCraft69476

pureCraft69476

Buying interest has come in from 19550 levels on the Nifty. As long as 19550/600 levels are held on DCB, the upside can continue

pureCraft69476

Seems like the USDINR is on the verge of a Big Breakout... Sustains above 83.55 and we can see 84.5/86.5 levels soon

pureCraft69476

The BN has seen a bad reaction to the FOMC announcement. It's forming a WEDGE + Potential Double Top. Immediate supports: 44550 43600 42100 Worst case scenario 10% correction

pureCraft69476

Seems like the FOMC decision has triggered trouble for Copper & Equities alike. A test of lower levels 3.6/3.5 is possible soon... View negated if closes above 3.73 (on DCB as well as WCB)

pureCraft69476

Major supports @ 17550, seems like Equities have not taken the Fed decision too well

pureCraft69476

seems like the weekly formation of a H&S can bring selling pressure on the BN The lower TL & 50 Wma stand as strong supports

pureCraft69476

Views for the Indices... in the coming weeks ahead, post powells speech... Do let me know your thoughts on the same

pureCraft69476

Seems like Crude is forming a huge H&S, also since its been in a downtrend, the bearish flag looks like a good setup

pureCraft69476

with a SL of 2300 do u think aluminium will make new lows??

pureCraft69476

A breakout from the flag will give a 10,000 point upside in BTC Targets of 38/40K

pureCraft69476

As long as the Double bottom holds in Dow, the markets can make a bottom. Correlatively in Nifty, the levels can be of 16400/16600...

pureCraft69476

It seems like the Bank Nifty is leading against the Nifty as of now. Nifty forming a new low where as Banks holding the Budget days low. Similar behaviour seen in the Midcap/Smallcaps too... Seems like a good probability of the Nifty bottoming soon...

pureCraft69476

Weekly: Nifty is continuing in the Higher High - Higher Low manner Daily: The Nifty has broken out of a 3month consolidation and can see 18750 levels initially and 20,000 eventually if all if well with the global economy

pureCraft69476

Looks like the BTC is still in Bear phase. Making Lower Lows and Lower Highs in the weekly charts. Next support @ 18350, if that holds we might have a long term bottom, or else we are in for a New Low Things i'm looking at: Cost of Machinery (Processors, Space, etc) Cost of Power (avg. around the globe) Disclaimer - This is not trade recommendation or advice....

pureCraft69476

Nifty sustenance levels for the week: 17970 - High of Budget day 18020 - Breakout level of Falling wedge Sustenance above these levels, will eventually take the nifty to new highs of about 20,000 PS - Also a fall before the final breakout @ 18020, cannot be ruled out. Disclaimer - This is not trade recommendation or advice. This is purely for educational...

pureCraft69476

Breakdown of a symmetric triangle might cause the crude to see levels of 55 soon.

pureCraft69476 Updated 

The band of 17300/17100 seem to be a good buying zone. Has the 50 Wma support @ 17350 Has formed a Divergence in Daily charts We could have another round of selling before we start the up move. Above 18050, we get a wedge breakout for targets of 20100 Disclaimer - This is not trade recommendation or advice. This is purely for educational purposes. Do your own...

pureCraft69476

Looks like its time for 230/234 levels on aluminium... up-move that is part of a bigger Inv H&S breakout... Please refer to previous post for further details Also, similar setup seen in Zinc