USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
JAIPRAKASH ASSOCIA, DEWAN HOUSING FIN, YES BANK, RELIANCE COMM LTD, INDIABULLS HOUSING, SUZLON ENERGY LTD
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Some pull back can be seen on Nifty as it bounced back from trendline which started from 6825 levels on Feb-2016.
Bulls have defended 50% retracement 4 times in last few days..
Most oscillators showing Nifty in oversold position..
RSI divergence seen in hourly charts..
Pull back expected.. Target 11171..
Whenever wee saw RSI divergence on monthly charts,it was followed by a massive sell off!!
And the markets corrected around 25% everytime from highs in the span of 11-12 months except 2008 crisis..
Its not a prediction,Its a possibility. ..
May be we will see a correction till 8900/9000 in next one year..
Trendline has been broken on weekly closing basis.
BankNifty may go side ways or it may correct in upcoming days if it fails to close above 26000 next week.
Also 26000 is the Fib 50% retracement of the last trend..
Another analysis shows Inverted HnS on Weekly charts of Brent.
Target is the length from Head to neckline ,which suggests target $91.50
My previous analysis suggests rounding pattern on daily charts whose target is also near this zone..
So charts say that we ll see crude at 90/91.5 in upcoming days,..
Whatever it is,it's bad for oil importing countries..
$80.5 is the level to watch out for..
After Budget-2018,Nifty fell from life time highs and took support near Fib 0.618 levels..
From lows of That level,started a new trend up to 11760 zones..
Not its retracing and may take support near 11070,which is the swing high of Jan-2018 as i mentioned in my earlier analysis..
Below 11070,i think there is no support till 10850/10800..
Breakout awaited.. Keep it on radar for breakout!!
Price action suggests stock may see a significant rally above 135 on closing basis..
Can be bought above 415 SL 408 TGT 432
Buy above 330 SL 324 TGT 338/344
Can be bought at 234/228 SL 218 TGT 240
Pivot boss entry strategies used.. above 2532...SL 2488
Can be bought above swing high of 275..
Can be bought with SL 235 For new highs..
Can be bought above 1328 for 5% target..
Stock near support zone.. Can be bought at current levels..
Can be bought with SL 149.. For TGT 164