NSE:NIFTY Nifty faced heavy profit booking today in the institutional zone led by banks. Yesterday more calls were written than puts which showed sign that movement on the upside was limited. Looking at the American and European markets all of the markets are currently trading flat same with SGX nifty also. After such big movement days market usually likes to...
NSE:BANKNIFTY Important levels for me are marked on the chart. good short is possible below 34430 with target 34137-34000 Looks like it will be volatile between 34430 and 35000. Tomorrow it is likely to be rangebound This is my personal view
NSE:ASIANPAINT consolidating inside a triangle.respecting the up trendline and trying to move up. I will be waiting for a breakout and retest to enter that can give good risk to reward. 15min inside candle breakout also can be an entry if the volume is also supportive. watch daily pivots to book profits if it goes above after retest
NSE:TATASTEEL Metal index will be very weak below 5184 (15min close). It will confirm the breakdown of a trendline. Tata steel may face good selling below 1085(5min close). if the index is weak tomorrow. tatasteel already formed LL LH format in 1hr chart broke the trendline retested it and again coming down.
NSE:WIPRO Wipro looks to be in a good value are. Entered the stock since the risk to reward looks good. Tweezer bottom at a very good confluence of support(trendline+200ema/15min+support at 50% fib retracement). confirmed by good volume buying. Can be watched for next two days Last 2 15min candle shows good volume of buying there. planning to exit the trade on...
NSE:BHARTIARTL Formed double bottom at 520 levels after a huge fall(hint for trend reversal) currently moving up respecting the marked trendline. today the stock broke the previous high of 535.7 and made a new high. It faced profit booking later and it is now currently testing the previous high 2nd time(535.7) Currently, the price is at good value and I will...
NSE:NIFTY As said yesterday nifty faced profit booking majorly because of banks. Today even though nifty fell it took support at the blue trendline as planned yesterday. Currently, the price action in nifty is at a break or make level. The price action in banknifty shows if it breaks today low a huge sell-off can happen there which can take nifty downside...
NSE:BANKNIFTY price action looks banknifty wants to come down. formation of lower high lower low. 5min close below 34976 next target is 34800 if it gives 5min close above 35217 I will wait for a higher low formation to get in
NSE:NIFTY Nifty opened with a gap up consolidated in a range and moved up in the second half. But in the last 30mins nifty faced selling pressure with good volume. People are booking profits in the last 1hr. Technically Nifty is showing signs of lack in buying pressure (divergence in 1hr chart) which shows further profit booking may happen. FII open interest...
NSE:NIFTY Nifty consolidated with a bearish bias today. This is what I expected yesterday. The reason was nifty looks overextended on 1hr chart with RSI at overbought and it was trading near the upside of the confluence of two channels. and Nifty gave a good rally yesterday so that shows sign of consolidation as well. Nifty even though opens upside the channel it...
NSE:INFY Major trend is upside stock started correcting from 9th april onwards. failed to make LH LL in bigger time frame.(hint for trend change) 1370-1378 is the previous swing high. that level was breached and rallied then it was facing pullback from 27th May onwards. Currently, the stock faced buying pressure from the confluence of supports. bottom...
NSE:NIFTY Nifty is clearly trading inside a smaller channel which is kind of inside the major channel as shown. 15600 is technically a good resistance due to the confluence of 2 channels for me. Nifty is slightly overextended now; Rsi on 1hr chart is in an overbought situation+ confluence of 2 channel resistance may initiate profit booking in the index. Nifty...
NSE:BANKNIFTY Important levels are marked on price acton basis and 15min close basis. This is my personal view on the script.
NSE:EXIDEIND Exide currently taking support at uptrendchannel. Good volume buying near the support and stochastic in 1hr chart is in oversold level. Can be considered for positional buy for few days
Gail was in a good uptrend on long term. from 165 it started to correct in a falling wedge pattern took support at 145 (50% of last up swing) and broke out the wedge pattern it broke out from the wedge and made a high of 155 and again made a small correction till 150(round number+50% of last upswing) it is making a bullish harami pattern(15min) with huge volume at...
NSE:ZEEL updated the charts few weeks before. The price action looks good for a swing with a target of 227 The levels are based on my personal analysis. safe players can enter after a daily close above 200. keep a logical Sl
NSE:NIFTY The important levles are marked on a 15min closing basis. Tomorrow is monthly expiry hence i am not giving any imortance to the OI Futures data. Sgx nifty is currently trading higher close to 15379. 15400 and 15500 has good open interest. Both of these levels can act as good resistance if it gaps up. on the down side 15200 has huge open interest that...