rakeshreddym

rakeshreddym Updated 

NIfty Breaks down a 2 week range ,if one could measure the length of the ranging area comes to 400 points .Nifty may test and take support around 22600 to 22700 area before budget to get some relief rally. Key Levels Resistance 23000 Support 22700 to 22600 Area. Educational purpose only do your own research before taking entries.

rakeshreddym Updated 

Nifty may end in sidaways between 23250 to 23270 above and 23140 to 23160 below. Not much movement expecting until proven otherwise a breakout above or below only can trigger a short covering on either side which ever side the BO happens. Stay away option buyers not your day.Live for another day save your capital. Educational purpose only ,do your own research...

rakeshreddym Updated 

Trump factor will decide trend this week for Nifty. Nifty 50 still trading in last week range a gap up open or nifty sustains above 23400 levels tomorrow could test 24k this week else it will range out repeat of last week until support area holds which is 23100 area below. Nifty Key Levels for Tuesday 21st Jan. Resistance:- 23400 If sustains above long for the...

rakeshreddym

Nifty key levels:- Nifty All week traded in range of 300 points 23400 above and 23100 below. Resistance :- 23260-23275. If sustains above resistance long for the targets of 23300,23350,23400. Support :-23150-23140. If sustains below support short for the targets of 23100,23075,23000. In between support and resistance avoid trading or trade extremes of...

rakeshreddym

I have downloaded this statistics from NSE website from November 2023 to November 2024 to see how market performed percentage wise daily of 250 days of trading days for that one year. Out of 250 of days of trading days only 36 days are trending days more than or equal 1% here i'm considering has trendy days ,rest 214 days sideways to minor trend days.With that...

rakeshreddym Updated 

Gold struggling to go past higher low from recent highs continuously finding resistance on 2700 area rejecting to lower levels of 2600 to 2580 below ,this is third time testing the 2700 area now a rejection here will fetch nice downside trade. Key levels:- Immediate Resistance:- 2700 Support and Lower side targets 2600 and 2580. Education purpose only do your...

rakeshreddym Updated 

Nifty key levels:- Resistance :- 23260-23275 If sustains above resistance long for the targets of 23300,23350,23400. Support :-23150 If sustains below support short for the targets of 23100,23075,23000. In between support and resistance avoid trading or trade extremes of resistance and support look for rejections on those levels to play...

rakeshreddym

Sail testing the breakout area of 100, Jan 2024 break out area.Looking good for long in bullish trend and in rising parallel channel. Target 125,150,175,200 long term hold. Educational purpose only do your own research before taking entries.

rakeshreddym

Suzlon looking good to long here price is trading at 52 week low area of 45, now at cmp is 56 can long here if comes down bit one can add more and hold for the targets of 70,80 and 90 even 100 long term hold. Educational purpose only do your own research before taking entries.

rakeshreddym

HDFC Bank trading at support level and demand zone ,previously it spent lot of time in this area before taking off from ,1600 keep checking price action here to long for the target of recent highs long term hold. Education purpose only do your own research before taking entries.

rakeshreddym Updated 

NIfty forming an inverse cup and handle pattern, if pattern valid then the target for expiry nifty looking at around 23200 or even lower to 23k below. 23460,23360,23250,23200 and 23k below targets if sustain below 23500 area for thursday expiry.

rakeshreddym Updated 

Nifty made a inside candle after big bear candle of 6th jan. Apply inside candle theory for today if breaks above prior day high long else short on breaks down of prior day low. Keys levels:-23800,23650 6th day high 24089 , 6th day low 23551. Educational purpose only do your own research before taking entries.

rakeshreddym Updated 

Nifty Key levels :- Previous month low and Previous week low is at 23460 if nifty violates this Nifty might see 23200 to 23k levels breaching this week. Concerns :- 1. HMPV virus. 2.Nifty trading below Daily Dema 200 Intraday levels to trade with . 23650 is immediate resistance if sustains above this area long for the targets of...

rakeshreddym Updated 

Nifty Key levels:- Resistance :- 24060 If sustains above long for the targets of 24150,24200,24250. Support:- 23930 If sustains below short for the targets of 23840,23800,23750,23650. As of now Nifty bullish look to buy on supports or breakout of resistance as long as nifty stays above 23800 it is bullish. Educational purpose only do your own research before...

rakeshreddym Updated 

Nifty currently at mid point of Dec 16th week big red candle important area to look for rejection or breakout here . Nifty Key Levels :- 24225 is Resistance if sustains above long for targets of 24300,24350,24400. Same Resistance if rejection seen play till immediate support of 24125,24000 areas below targets. 24125 is support if sustains below short for the...

rakeshreddym Updated 

Nifty ranged between 200 points giving both sides chance to make money out of it if properly executed on support and resistances. Key levels for tomorrow Tuesday are:- Resistance is 23850 area if sustains above long for the targets of 23900,23950,24000,24075,24100. Support is 23650 area if sustains below short for the targets of...

rakeshreddym Updated 

Bank Nifty key levels for Tuesday 24th Dec are:- Key Levels:- Resistance 51400 If sustains above long for the targets of 51500,51600,51750,51800. Support 51150 if sustains below short for the targets of 51000,50900,50750,50700. Educational purpose only do your own research before taking call.

rakeshreddym Updated 

Nifty Support and Resistance levels to look for Monday intraday are Key levels:- Resistance 23670 23800 to 23850 Support 23500 23350 to 23300 Check price action on those levels above mentioned for rejection or breakouts to take entries accordingly other areas ignore risk reward not favorable. Educational purpose only do your own research before taking entries.