We saw a running correction yesterday. The points to note is thta Nifty took support at 50 DEMA and closed above it in 4 hour charts. There is a reversal in MACD and RSI in the 15m charts as well. My suggestion is buy for target of 16000 and 16150.
Box pattern made in the daily charts. Breakout zone above 15925.
Reliance Futures LTP: 2155.95 Support:2100.00 Resistance:2180.00 / 2222.15 15m Chart The chart is in an uptrend since 2nd July Candles are taking support at 12 DEMA RSI and MACD are both above the horizon which indicates a bullish trend Hourly Chart 2100 seems like a very strong support level Looks like the charts have made a cup and handle pattern which is a...
Looks like a cup and handle formation in 15m charts. Can buy for target of 163.
Sunpharma Futures LTP: 670.00 Support: 654.40 Resistance: 628.25 The candles have broken the downtrend on the 15m charts. The candles are taking support at 20 DEMA which indicates an uptrend. MACD and DEMA have crossed over to the bullish side. RSI is above 50. All indicators are positive.
Nifty (NSE Cash) LTP: 15753.35 Support: 15629.65 Resistance: 15838.45 Looks like a rounded bottom pattern in daily charts. Risk reward ratio is not favorable. No Trade
Nifty (NSE Cash) LTP: 15751.65 Support: 15707.25 Resistance: 16100.00 There is heavy PE writing at 15700 and 16100 which indicates that our support is at 15700 and target is around 16000.
Can short sell JSW Steel LTP: 713 Support: 720 Resistance: 680 DEMA matching MACD and looks like it is crossing over to a bullish pattern. RSI below 50 Immediate trend is down-trend
Can short sell LTP: 122.40 Resistance: 127.50 DEMA crossed in a bear trend MACD matches DEMA RSI below 50 15m is in down trend
A running correction is due for quite sometime now. Targets 15475 - 15450
Nifty 50 (Spot) LTP: 15301.15 Support: 15280.70 Resistance: 15431.75 (All-Time High) The weekly charts are clearly in an uptrend and we may be heading to the all-time high sooner than we can expect and soon Nifty will become busy making new highs. My question is that, how long are we going to sustain the highs without a correction? Do you remember how Nifty...
Nifty 50 LTP: 15291.75 Support: 15171.45 Opening interest in increasing in puts over calls. Our support will be 15100 but the stop loss is below 14900. The gap is way more than it should be. Wait for 15100 levels before going long!
Good Morning I could somehow see that the markets might correct but I couldn't find logic. So, I decided to stay away. Now, Nifty 50 has support at 15043.70 and resistance at 15170.85 so the risk to reward ratio changes today. 15100 is a crutial level. Open Interest in 15100ce is 2938350 and 15100pe is 2517450. We will see a new upside once we cross and sustain...
Nifty Future LTP: 14763 Support: 14741 Resistance: 14908 Can buy.
Nifty LTP: 14823.55 Support: 14803.05 Bullish till we don't get a closing below 14700. Buy on dips for 14952 / 15000 / 15050+
Nifty 50 Closing: 14942.35 Charts Support: 14771.45 / 14697.70 Resistance: 14952 DEMA Support: 14837 / 14747.09 / 14673.96 Open Interest 14800ce: 9,30,000 (-10,46,325) - Highest call writing here which makes it a very crutial level. -------- 15000ce: 34,08,075 - Strong resistance / 1st target 15200ce: 38,32,500 - Final target 14800pe: 28,24,575 - 1st support...
Larsen & Toubro Infotech LTP: 3665.45 Support: 3593.30 Resistance: 3780.00 Most important level with highest Open Interest 3500pe - 25950 (major support) 4000ce - 50850 (major resistance) The price is very close to an important level, 3593.30. The candles have taken support at the mentioned levels multiple times since December 2020. RSI is in the oversold range...