utsarg12344

utsarg12344

THHE DEX SHOWED A RESSISTANCE AT 36500 LEVEL . THE SUPPORT LEVEL FOR NOW IS 33000 AS PREVIOUSLY IT WAS THE LEVEL AT WHICH WE SAW A BREAKOUT FROM CURRENT LEVEL OF 33850-33900 IT COULD BE SHORTED FOT A SHORT TERM TGT OF 33000 AS IT IS TRADING BELOW IITS 20 EMA AND RSI IS ALSO SHOWING A DOWNTREND. IF THE 33000 LEVEL IS BREACHED AND IT COULDNT SUSTAIN THE 33000...

utsarg12344

FOR THE PAST TWO MONTHS THE INDEX HAVE TRIED TO BREACH THE LEVEL OF 15300 BUT HAVE FAILED TWO TIMES TO DO SO MAKING A DOUBLE TOP AT THE LEVEL OF 15300 ON DAILY CHART. IF NIFTY BREAKS THE SUPPORT LEVEL OF 14500 WHICH IT COULD AS THE US 10Y BOND YIELDS ARE RISING AND MORE CORONA CASES ARE COMING EVERY DAY AND THE INDEX IS TRADING BELOW ITS 20EMA SO FOR SHORT TERM...

utsarg12344

The stock has been making higher highs and higher lows for the past few days on Hourly basis and also have a strong RSI support at 50. Trader's can take long position for a short term target of 750-800. If the stock gives a breakout below 700 and on the RSI below 50 then can short the same for the target of 650.

utsarg12344

SBI IN PREVIOUS WEEK SAW A MASSIVE FALL , FALLING BELOW THE 50 DAYS EMA AND AFTER TRADING SESSION OF FRIDAY IT MAY SHOW A REVERSAL FROM HERE AND CAN GIVE A GOOD RETURN FOR SHORT TERM.