skymaninvestments

skymaninvestments

If the market opens above 24,992 - it might touch 25,700 and bounce back if the resistance is strong. If the market opens below 24,964, it won't last long and will definitely bounce back upward, as the support is huge. Otherwise, it will touch 24,165 and will bounce back. Strong Support is at 24,964, which combines the horizontal and parallel support levels....

skymaninvestments

Markets are expected to be rangebound for today as well unless there is a news/event that moves the market abruptly. If the market opens above 24,965 - it will touch 25,700 and might bounce back if the resistance is strong. If the market opens below 24,964 - it will touch 24,772 and then bounce back in the upward movement as the support is HUGE. Else, it will...

skymaninvestments

If the market opens above 25,100 - it will touch 26,100 and might bounce back if the resistance is strong. If the market opens below 25,100 - it will touch 24,100 and then bounce back in the upward movement as the support is HUGE. Strong Support at 24,770 which combines both the horizontal and parallel support levels. This mid-line has been providing support...

skymaninvestments

If the market opens above 25,155 - it will touch 26,135 If the market opens below 25,155 - it will touch 24,180 and then bounce back in the upward movement. Strong Support at 24,300 which combines both the horizontal and parallel support levels.

skymaninvestments

Just like I posted yesterday, the market was trading rangebound between the support and the resistance levels that I mentioned. Today doesn't seem to be any different. The range for today will be 25,876 to 26,054 American and European markets closed positively yesterday and the Asian markets are trading in positive territory this morning. GIFT Nifty is trading...

skymaninvestments

The market will be opening flat as suggested by GIFT Nifty which is trading at around 11 points negative as of the time of publishing this post. Yesterday, the market was obeying the trendline support and resistance and as per what I predicted, it stayed within that trendline for the entire day. Today seems to be no different as I believe that the range for...

skymaninvestments

The market has crossed the historical resistance zone and has stopped with the trendline. The trendline seems to be a powerful resistance zone. The GIFT Nifty is trading at 120 points positive. Possibly the Nifty also will open gap-up. If it opens in gap-up, it will try to fill in the gap intra-day (profit booking) and then we have to see whether the resistance...

skymaninvestments

All of the expectations for the FED rate cuts were factored in the market last week. Yesterday, heavy profit booking was seen in the markets overall, and hence, the index lost around 130 points intraday to settle at around 35 points positive. Usually, whenever there is a resistance zone, if the market crosses it and comes back to the same zone, it will act as a...

skymaninvestments

Nifty projection for today as per the existing support and resistance zones. The FED interest rates has already been factored in the index for the last three days. Since we got more clarity that there is a higher possibility of a 50 bps hike, Nifty will move upwards today.