rakeshreddym

rakeshreddym Updated 

BankNifty support and resistance levels still it is bearish below 48600 if tuesday low breaks it might go test 48000 and 47800 levels also. Resistance : 48450 if sustains above target for 48600,48650,48700 area Support: 48200 if sustains below short target for 48100,48050,47950,47800 Mentioned Support/Resistance and Targets will act as reversal points please...

rakeshreddym Updated 

Get ready for an exhilarating trading session as the Nifty dances within the range of 22350 to 22200 today! With the market poised for a potential breakout above or below this range, excitement is brewing for potential big moves in either direction. If we witness a breakout, brace yourself for thrilling opportunities and exciting gains. However, if the range...

rakeshreddym Updated 

Oil is in downward channel recent price rejected from 79.80 top of the channle expecting it test 78 and 77 if this price action follow through happens mentioned levels possible.

rakeshreddym Updated 

Overall Trend: The market is trading within a range, with resistance around 49200 and support around 48800. This indicates a sideways or range-bound movement. Intraday Analysis: Today's most of the trading in second half saw the price getting stuck between 49000 (upper range) and 48800 (lower range). Tomorrow, traders should watch for potential breakouts or...

rakeshreddym Updated 

Overall Trend : Upward channel with resistance around 49200 to 49250 area and support in the 48650 to 48700 range. Intraday Analysis: If the price sustains above 49050 for a while, it may test resistance levels at 49200 and possibly 49250. Look for shorting opportunities if there's a gap-up opening near the resistance area and if there's rejection observed. On...

rakeshreddym Updated 

Observing a downward channel pattern in the 4-hour timeframe for Bitcoin, with a breakout and subsequent retest indicating a potential continuation of this pattern. Based on this analysis, anticipate immediate resistance levels around 66500 to 66800 to be tested. Additionally, if you measure the length of the channel, it's approximately 8000 points, suggesting a...

rakeshreddym Updated 

Here i'm providing support and resistance levels for banknifty watch for rejection or breakout/breakdown on them to take trades.on 1 hr to 15 mins time it is overbought not expecting to rally like yesterday ,it could be sideways to bearish in my view until proven other wise if sustains over 49600 200 points can be tested around 49800 area. Resistance...

rakeshreddym Updated 

Here are Nifty support and resistance levels to trade ,watch for rejection or breakout of those levels if an entry found and trade is in your favour follow stirct stop losses or trail big swings happening in market. Resistance :22670 if sustains above 22720 22780,222800 will test. Support :-22550-22560 area if sustains below lowerside 22500,22450,22400 levels...

rakeshreddym Updated 

BankNifty Support and Resistance levels to trade on friday are Support is 47000-46950 area look for breakdown or rejection here down side targets will be 46800,46650,46600. if support got held reversal can play till targeting 47400 area Resistance is 47350 to 47400 area look for breakout or rejection here higher side target will be 47550,47600,47750,47800 and...

rakeshreddym Updated 

Trend is bearish trading below daily 50 EMA and infosys ADR trading 5 percent down after company posted Q4 earnings that can effect on nifty pushing to more downside. Still we follow support and resistance levels to trade on friday. Support are 21950 if sustains below short targets of 21900,21850,21800,21750 Resistance are 22080 if sustains above long targets of...

rakeshreddym Updated 

Nifty formed a doji cadle on daily time frame an indecisive candle and taking support at 50 EMA on daily front. Immeadiate resistance area is 22200-22250 and Immeadiate support area is 22075-22050. Nifty was in rising channle and rejected on top of the channel chances are it will test the low of channel on thursday or friday then we need reacces the price action...

rakeshreddym Updated 

Banknifty closed in red as expected after breaking down the 1 hour timeframe trendline support which is 47950 area, formed a good bear candle and taking support at 20 EMA on daily front.if today day low 47700 area breaks it can test immeadiate support of 47540 area and even lower levels. For tommorow midpoint of today candle which is 47950 area can act as barrier...

rakeshreddym Updated 

Banknifty formed a Gravestone Doji weekly candle which is reversal sign on top of uptrend and on Daily front it formed Inverted hammer candle again bearish one.Immeadiate support is 48250 to 48300 area if that voilates next one is 47800 area opens up. US markets fell almost 5 to 6 percent in past 11 days or so and with Israeal and Iran tensions Our markets are...

rakeshreddym Updated 

Banknifty is in process of making a head and shoulder pattern price rejected from 47400 area if continues and breaks the support of 46950 area it will again test the lowerside levels of 46000 to 45800 about 1250 points.And to otherside of view if 47400 failed to hold and price sustains above upperside it will look to test 48000 and further up. keep checking...

rakeshreddym Updated 

BankNifty is trading in range of 600 points since march 14th only once it gave a breakdown to downside to check lower levels of 46200 and 45800 but somehow held now back again into that consolidation range of 600 points 46800 above and 46550 below are important levels to watch out for good move and good trade probability. 46800 Above Sustains Long Targets of...

rakeshreddym Updated 

Nifty on daily front formed a doji an indecisive candle.21900 undier still bearish, somehow it tried to find support at low of 21700 area today but in any case one more test to it could break that level 21500 can be easily acheivable on lowerside. On higher Higer only above 22000 bulls can be trusted. 21825 Below Short targets of 21765,21715,21700,21650 21950...

rakeshreddym Updated 

BankNifty today closed in tight range for wednesday 46250 below and 46520 above expecting a good move either side which everside it sustains . 46250 Below short Targets of 46150,4600,45900,45800 46520 Above long Targets of 46725,46850,46900,47050 Above mentioned Support,Resistance and Targets can be reversal points please check the price action on those.

rakeshreddym Updated 

Nifty rollercoaster ride one sided move today of more than 500 points from day high to day low. For Thursday Expiry 21900 Support is important and to upside 22050 Resistance is crucial.On daily front Nifty is trading below 20 EMA and approaching 50 EMA (21835) if support 21900 gets voilates it may test that 50 EMA which is 21835 next target to downside is...