vishwa_rajan

vishwa_rajan

Nifty has support near 11430-11400 , this dowfall is expected to stop near 11400 mark. Nifty could possibly take a support near that level.

vishwa_rajan

Nifty top out from current zone expected downside move to 11500

vishwa_rajan Updated 

Nifty has a intraday resistance near 11920, can go for short near 11920 . Expected downside level for today is 11800. Can consider option buying 11900pe near the resistance zone.

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Gold has formed a strong support near 49950-50100 , it is getting ready for next rally. Gold can break previous high of 56000.

vishwa_rajan

Niffty has a intraday ssupport near 11840-11855 , it is expected move upside until 11920 from here

vishwa_rajan

Nifty has a strong resistance near 10000-10050 zone, if the market does'nt close above 10050 we can expect the index to retest the 9600 levels.

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Bank nifty forms cup and handle pattern in the 15 mins chart, and gives a breakout.

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Bank nifty forms a hanging man pattern in the daily chart. Bank nifty could see selling to 22600. Rsi has made negative divergence.

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Nifty resistance

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Nifty has formed inside day in the daily charts. Trend reversal likely. Nifty has strong support around 9150 zone, break below the support area could bring nifty to 9000-50 mark.

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Triangle