rakeshreddym

rakeshreddym Updated 

Gold Support and Resistance levels to look for entries as of now current trend is clear downtrend in past week with dollar index on rise more fall expecting this week,Only above 2035-2040 area sustains it will change character to bullish until then sell on rise applies or buy on support levels to target above minor resistance areas (scalping).

rakeshreddym Updated 

Nifty Private bank on weekly front formed Doji candle and on dialy front it is bearish candle no follow through after big bullish pin bar prior day, it means signaling more fall of 200 to 300 poitns downside from curret levels(23430) in comming days.Mentioned Support levels on lower side .In case it proves otherwise placed few Resistance levels on higher side...

rakeshreddym Updated 

Bitcoin rallied nicely after breakout of consolidate area 43k to42k on Feb 8th , now at 52 k it is oversold in weekly time frame if it has to continue uptrend a leg needed to put backward to 50 k area then resume uptrend.

rakeshreddym Updated 

Nifty formed a big range of between 21900 to 22300 , better to wait for tunrning points where market is reacting sharply either on support or resistance, providing with support and resistance levels below on those with price action one can take entry. Support are 22180,22110,22050,21950 Resistance are 22250,22300. Both metioned support and resistance can act...

rakeshreddym Updated 

Banknifty levels to trade with Support and Resistance strategy, if bank nifty sustains below 46700 it will test 46500 to 46400 area downside.And above 46900 sustains it wil test 47050,47150,47200,47300 on higherside. Major Support 46500,46400 area Major Resistance 46150 -46300 area I have done some anaylysis on Nifty Private bank also it will effect the...

rakeshreddym Updated 

Nifty Support and Resistance levels to trade with on Friday,Nifty is in rising channel every dip is being bought out.if you observe since 14th Feb from 21500 area to current level area 22200 it is making LH and HH pattern. Support Levels are 22195,22100,22000 Resistance Levels are 22250,22350,22400. check price action on those support and resistance levels.

rakeshreddym Updated 

BankNifty Support and Resistance levels to look for on Monday to trade. 46250-46300 Below Sustains Short Targets of 46100,46000,45900,45800 46550 Above Sustains Long Targets of 46650,46790,46900,47000.

rakeshreddym Updated 

Nifty levels to trade on Monday with support and resistance strategy . Important levels 22060 Resistance area and 21900-21950 support area.

rakeshreddym Updated 

Nifty voilated 20 EMA in daily time frame and engulfed prior day candle with strong bear candle expecting a follow through of fall till 21500 to 21400 this week. NIfty Support and Resistance levels to trade on Tuesday. Resistance are 21650,21725,21820 Support are 21580,21540,21490,21450,21400

rakeshreddym

Banknifty is taking support on 200 EMA in daily time frame which it held previously on Jan 24th and Jan 25th this is third time testing in short time period making it vulnerable to breakdown.if 44650 voilates and sustains fall till 44200 to 44000 expecting . Banknifty levels to trade with Support and Resistance strategey. Support...

rakeshreddym Updated 

Nifty levels to trade for monday with support and resistance strategy. Nifty Support 21630 NIfty Minor support at 21725 area. Nifry Resistance 21820 Nifty Minor Resistance at 21880 Please check price aciton on those levels to take entries .

rakeshreddym Updated 

Banknifty so far price is trading in range its been 17 days stuck in a range struggling to find directional move here.Better to apply sell high and buy low strategy at support and resistance area. For Monday Supports are 45550,45300,44900 Resistances are 45820,46050,46150-46200. Please check price action on those level to take entries.

rakeshreddym Updated 

Nifty levels to trade on friday giving support and resistance levels where one can look for entries.Check price action on given levels. Important levels are 21800 area and 21650 area to watch out for.

rakeshreddym Updated 

Banknifty gave a breakout of range today immeadiate support are 44800 to 44600 area dont go aggresive selling here it just reacted to news might turnaround from here to upside marked support and resistance levels to look for trade on those with price action.

rakeshreddym Updated 

BankNifty still trading in range 46050 above to below 45500-45600 area playing the extremes at high and lows of the range is good strategy to apply.Only after breakout this range a good move expecting until then play safe. Support are 45550 Sustains short Targets of 45400,45300,45150,45000 Resistance are 45850 Above long Targets of...

rakeshreddym Updated 

Nifty is trading zone better to wait for break out of this zone or play the extremes mentioned box in the chart gives you levels where to trade in case of range and break out of range above or below.

rakeshreddym Updated 

Banknifty support and resistance levels to trade on Tuesday,as per today's closing banknifty looking weak in my view sell on rise applies here, only above 46200 only it might get good short covering until then it will be bearish to sideways in the range. Support are 45700 below sustains short Targets of 45600,45550,45350 46050 Above sustains long Targets of...

rakeshreddym Updated 

Nifty today most of the time stayed range bound only after 2 PM gave good move to downside. For tuesday levels to trade Supprot 21730 Below sustains Short Targets of 21700,21660,21630,21600. Resistance 21850 Above sustains Long Targets of 21900,21925,21960,22000. Metioned targets can act as reversals also please check price action on those levels.