The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
Reason why am on bullish side:
a) Strong Supply area breakout
The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
a) Good Stock
b) CupHandle Breakout
The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits/losses what so ever.
----------- WEEKLY ANALYSIS NIFTY BANKNIFTY 09 NOV------------
#NIFTY
Futures Key support areas are 12000-12050F levels.
Holding below 12200 will look for test of that area.
On the upside next targets zones are 12350F , If we clear that strong positional targets of 12600F are on.
#BANKNIFTY -
Key support areas for the week is 25800-26000F levels.
On the higher...
#26-OCT:
Weekly plan for NIFTY & BANKNIFTY
#NIFTY key reference 11930-50F & 11890F areas
#BANKNIFTY Key reference 24650F on upside , 24350F/24100F on downside
#NIFTY key areas for the week are 11950F- Hold above for a bullish move to 12050/12100F
Failure to cross 11950F , look to rotate to test 11890F, Below that is main bearish thesis to test lower
to 11740F...
Crucial support at 11000 , also broke the trend line , next trading day will tell us completely broken or not. As of now going towards the important support of 10900.
Weekly candle is bearish. Green line is Monthly 100 EMA. If that 20500 level get broken then Banknifty will enter in higly bearish mode and work in second channel or will move towards the bottom.
Please ignore the over marked intra-day levels.
Had called out Gold as the asset class of the year at the start of 2019, and boy it has had a stellar run so far. Now right at the edge of a major area. a increase in risk aversion in equity markets can just help this blow right past this zone.
Banknifty closed below a crucial multi day reference, spot below the 30650 areas and Futures below 30900 .
a follow through or a hold is needed and we are likely to test the marked regions ( blue dashed ) in coming sessions.
