syamrajk

syamrajk

Broader market outlook is still looking bullish, however the momentum is slowing down and a potential for correction after the rally. Predictions - Charts : Indecisive to mildly bearish - OI Data : PCR looks bullish, however we have major resistance at 40500 - FII Activity : Bearish Verdict :- Expect a gap down opening / if opens flat a sell off as FII's...

syamrajk

Bank Nifty is looking bullish in the short term with potential to move higher if the 40500 level is broken Outlook - Charts : Bullish - OI Data : Bullish - 40500 is a strong area of resistance - FII Activity : Super Bullish Verdict :- Bullish outlook, expect an up move at the opening and if the price is able to sustain above 40500 then we may see 41000 as...

syamrajk

Market is clearly bullish with all the signals indicating a potential for sustained upward movement. Outlook - Charts : Bullish - OI Data : Bullish - FII Activity : Bullish Verdict :- Gap up opening is certain, potential for it hold that level and to go further up is high. 40500 is the key level to notice as it might be an area which give resistance or even...

syamrajk Updated 

Overall market outlook is bullish as of now, at least for short term. Only unknown factor here is the Fed event, which can make the markets to move violently. For the past 3 days Bank Nifty has been in an range, especially the last two days looks like two consecutive inside candles. A break on either side can give big rally on that direction. Predictions -...

syamrajk

Bank Nifty is currently at a decision point on whether to go up / down from here. 10 EMA pull back in daily chart with the formation of a Hammer Candle gives a higher probability of market moving upside from here. The challenge in moving up is going to be the negative global situation with most of the indices in sell off after US Jobs Data announcement. ...

syamrajk Updated 

Bank Nifty is having a Bearish outlook in the short term with the formation of shooting star candle in daily time frame. We should see a retest of 10 EMA before any pause. Potential for further down move is also present if we get a decisive close below 10 EMA in the daily time frame. Predictions Charts : Bearish in short term with shooting star candle in...

syamrajk

Market Outlook is clearly bullish, especially with Bank Nifty daily candle making a close above 10 EMA. Now the focus is to identify whether this trend would keep going up or have a pull back to 10 EMA again before continuing the uptrend. (Later has a higher chance of happening.) - Charts : Bullish (Crossed 10 EMA in daily chart.) - OI Data : Inconclusive...

syamrajk Updated 

Bank Nifty is currently in a indecisive scenario with Inside candle being formed in the daily chart. A decisive close on the upside / downside is need to decide on a potential direction from here. Predictions - Charts : Indecisive. - OI Data : 38500 is going to be a strong resistance & 38k can offer some support. - FII Activity : Super Bearish with...

syamrajk

NSE:BANKNIFTY is currently at a level where we might see a continuation pattern forming in the near future. Focus on the levels drawn and we can expect the price action to respect them on the up / downside.

syamrajk

NSE:BANKNIFTY1! is at a critical point where we can expect large move in either side. We saw a small bullish Doji type candle, which is also an inside candle at the top of the rally. We can expect a sell off as soon as it breaks the swing low for today. If the low is broken, expect a move towards the downside with 40500, 40379 & 40118 levels acting as strong...