nifty respected the levels mentioned in analysis yesterday. there is significant Put buildup and we could see a short covering rally, particularly in 2nd half on account of finnifty monthly expiry. going by finnifty OI data, finnifty could close between 18300-18350 ie over 50-100points up. this indicates a good short covering possibility hence nifty could once...
17950 still is the critical level to cross for nifty to move up. in case of gapup opening a retest at 17950 levels before moving upside will see 18000/18030/18078/18100. in case of flat/gapdown below 17900/880 targets will be 17816/760/700
nifty is respecting an upward trend line. however as global cues are -ve, nifty is likely to give a gap down opening below the trend line. 17960-18000 is the critical support/resistance band. buy above 18040 with sl of 18010-18000 for targets of 18080/18150 sell below 17950 with sl @ 17970-17980 for targets of 17900/17855
BN has broken open a strong s/r zone 41730-41650. it has also broken out of the short term trend line, which should act as support now. the OI data suggests that the expiry is likely to be in range of 41500-41800. due to expiry pressure we might not see much of upside movement. however in case of breakout above 41800 sustaining over 15 min candle, we could see a...
nifty managed to break 17950 mark and close above 18000 on 15/2.. however going by OI data, the expiry is likely to be more in range 17900-18000. hence I am bearish on nifty today. unless nifty opens gapup or opens flat and move up sustains above 18078 on 15 min time frame, i dont see any CE position. if it sustains, then target can be up to 18120/18178/18200. in...
the box forms the range of BN. if opened below 41650, then PE can be looked at with SL of 41675 and target 41450/41387. CE side only of breaks above box and sustains on 15 min time frame for target of 41850/42000
after rally on 14/2/23, the global cues are down and nifty will also likely to see a gap down opening. critical levels will be 17780 and 17950. short below 17780 with SL of 10 points for target up to 17750-17720 and long above 17950 with SL @ 17930 for target of 18000, 18135.
BN has been sideways for the last 4-5 trading session trading in range of 41750-41235. CE trade is not looking attractive at this moment on R/r and to be done only above 41750 on retest. for target of 41800 and then 42000. PE trade below 41300 with small SL for target of 41140 and 41050.
could see a small gapdown opening due to global cues. trade plan would be PE below 17820 with SL at 17840 for target of 17780, 17750, 17709. in case of gap up or flat opening and uptrend, a proper retest above 17920 could be considered for CE with SL of 20 points for target of 17968, 18098. in case of gap up opening and fall below 17920, PE can be looked at with a...
if gapup opening above 17920 and sustain above 17925, we could see rally to 18000 and then to 18100. 17925 is 200SMA on 1hr time frame. in case of gapdown , better to avoid trade as it will be a managed expiry
Nifty gave a gap down opening and tested the support of 18060 and ten tested the resistance of 18150 and stayed range bound in a managed expiry. with all global ques showing negativity, a gap down opening is expected on friday(20/1/23). in case of gap down opening, the plan will be to wait for retest at 18000 levels before entering a trade. Any PE buy trade...
nifty gap a small gap up to flat opening and tested the resistance label of 18050 in the first candle itself to bounce back and attain targets of 18092,18136,18169. then it stayed in the resistance band of 18138-18169. the closure seems to give mixed signals with18138-150 remaining a strong support downside. however with an eventful US calendar (PPI, DIX...
The stock has tested the previous resistance levels and has fallen till 0.5 fib levels and is on rebound. can be a good buy if sustain above the resiatance area(marked). 1692-1695. with SL below 1690 upside target could be 1900/2028
Bank nifty has retsetd the support zone thrice and has bounced back but is at minor resistance at close of day. a gap-up opening above 42350 with proper retest can be a scenerio for CE with target 42446/42650 with a small SL of 20-25 points, which is giving a very good R/r. In case of flat and gapdown opening 42300 could act as a resistance and in both cases only...
Nifty has given closure above the previous long term trend line and crucially above 18050, 18040-18055 being resistance band. if nifty manages a gap-up opening or flat opening and post retest of 18050 levels, CE position can be considered with sl of 18045. targets being 18092, 18136, 18169, 18200 and 18247. till 18247 is crossed nifty can be considered to be in...
Cup and handle break out on daily time frame. CMP 123.25. the stock is supported by increased volume and RSI raising. good level to purchase with SL 118 and targets at 128, 135 and 146.
nifty honouring the channel. expecting flat opening and support at 17860-65. PE below till 17800. CE above 17950 tgt 17980-18020. if rejection at 17950 level, PE with good R/r expected.
nifty has formed Double bottom on daily chart and rsi is increasing both on daily and 1 hr charts. however RSI on down ward slope from over bought zone and also the closure is below 50 sma, but above 200 sma giving a mixed signal. nifty hit the crucial resistance level of 18000 and closed back to 17950, with 17946-17940 forming a minor support and then 200 sma...