BTC/USD, XRP/USD, ETH/USD, BCH/USD, EOS/USD, LTC/USD
USD/INR, EUR/USD, GBP/USD, USD/JPY, USD/CNY, DXY
YES BANK, VODAFONE IDEA LTD, ASHOK LEYLAND, STATE BK OF INDIA, TATA MOTORS LTD., BK OF BARODA
Nifty, BSE SENSEX, S&P 500, Nasdaq Composite, FTSE 100, DAX Index
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Continuation of downward channel.
Wait for confirmation before entering a trade.
The nifty 50 index seems to be playing in a range with a strong support at around 11500.
BANKNIFTY is on strong support in a downward channel. Expect BN to trade sideways to positive tomorrow (24th April).
Tata motors closed above it's 200 DMA this past week for the first time since January 2018. The move was also saccompanied by good volumes indicating that it is likely to sustain above the 200 DMA.
Jet Airways closed the week on strong support. In fact the only support below the current level is it's ALL TIME LOW!
Long positions can be initiated. However it is recommended that you wait for a retrace to the support and a rejection from the support(~2085). That should be taken as a confirmation.