venkatfx

venkatfx

IT sector is clearly bearish and so many lay off.... where is growth when number of employees reduced in 100's and 1000's every were ..... linkedin is full of OpenToWork status !!!

venkatfx

HDFC clearly taken inverted head and shoulder pattern and support from neck line and its was very clear up move in HDFC and big impact on BN and Nifty.

venkatfx

Reliance is showing signs of distribution and once chart pattern is broken good fall could be possible

venkatfx

US said Israel hit Iran and this will impact US equity due to risk on oil. Mostly US equity do not change trend so easily with out testing ket levels.

venkatfx

Nifty is at support which is in line with support hit by US equity too. if all markets hold the support then we can see Nifty towards 23300 which is based on cup and handle formation still holding on as on today.

venkatfx

In 15 minutes chart ITC is clearly at Support area now. It could give some spikes is market support

venkatfx

price has formed cup and handle and price at cup neckline and waiting for results to give breakout or breakdown.... all in results but if handle holds again next month price will shoot up due to pattern it self.

venkatfx

price spikes above cup next is resulting in huge spikes in ICICI Bank..... more upside is visible as per chart and any meeting expectaion or any small positive view on results to give easy huge gap up monday

venkatfx

Actually HDFC Bank results impact is yet to be seen in HDFC Bank share. very beautiful Cup and handle pattern in tact and waiting for huge spikes and higher targets.

venkatfx

Already RIL has seen good correction and multiple support levels is visible in chart and good support could emerge easily in RIL next week. Buy RIL and Nifty on dips will work out since Index is still in bullish tresn and if ICICI and Kotak support Nifty and BN with RIL could be easy bullish than much bearish. opening can be anything and SL and traps possible.

venkatfx

Nifty is extremely Bullish and looks to touch 20100 and could reach 20300 if no selling from big boys... reason not known but huge money keep on being pumpled in to Nifty and BN shares

venkatfx

once Nifty cross ATH then as per extension levels Nifty to hit 19800 this month in very fast manner.

venkatfx

Nifty has touched 19000 which is also Fib extension zone and trend line resistance line zone. Exit all Nifty CE positions and can take PE with good rejection. Price could re test 18880 area for support. price has spiked after ATH breakout with out a re test. so re test is vital for safe spikes.

venkatfx

Nifty is in a Fib range and bullish pattern is still valid. Till support not broken and re test of support works then Nifty will move to resistance zone again....

venkatfx

while nifty given multiple rejections at 18880 zone but still today closing is at 50% FIB level of current swing. Tomorrow opening, further price action and friday closing to be watched. ITC, Reliance seeing correction wave due to which Nifty could not move up. Banking shares other than HDFC are also in correction wave. once these shares bounce from FIB levels...

venkatfx

Bank NIfty took support for 4th time and resistance line at 43900 area to be watched for any upper targets.....

venkatfx

Nifty clealry took double bottom support at swing low at FIB levels and bounced up with good volumes. Nifty could make new higher levels since IT shares starting supporting now. Full support of Reliance could support Nifty on upside for sure. Buy Nifty at every dips is safer

venkatfx

clearly Rate pause as been received as positive and great news for equity now. with bullish RSI 3 targets on higher side could be achieved very fast. price moves very fast in short time with strong RSI and cant catch the Top now......