Nifty is entering a resistance zone of 18017 peak of today and 18125. It can take a breather after a superb run since last 8 to 10 sessions. It can correct a bit. a little bit of Profit booking can also be seen. IT stocks will be under little bit of pressure. DOW and Nasdaq have also seen selling from the peak. Phenomenal increase in COVID-19 cases in India can...
Nifty closed strongly this week after a hick up in the middle of the week. Immediate resistances are near 17841, 17944 and 18039 in the near term. The support levels in the near term will be 17593, 17418 and 17388. With so called arrival of ‘3rd Wave’ and exponentially increasing case DIIs, FIIs and Retail investors will remain on a tenterhook. It looks like...
17655 proved to be a good support for NIFTY today amidst aggressive posture by US Fed which sent traders across the globe booking profit. Global markets have tanked FIIs sold today but DII continued there buying from lower levels. Current support zone of 17661 below this level the support is near 17656 and 17593. Below these levels 17492 and 50 EMA which is at...
Gold is squeezing in the triangle and may blast on the either side. There is a chance that taking support near 1780 or just below it near 1755 it can stage a comeback. Gold will be bullish only after it has closed above 1850. Gold looks better placed then Silver.
Silver Struck in squeezing triangle but about to break it on the lower side. It has support near 200 Weeks EMA which is at USD 21.120 only. Below 200 Weeks EMA the support is near 19.268. On the higher side Silver will be bullish only after it crosses 26.019.
Aggressive posture by Fed has traders booking profit across the globe. Global markets have tanked. Current support zone of 17661 below this level the support is near 17680. Bank Nifty is trying to form a Doji and stage recovery.
Yesterday we had indicated a resistance for NIFTY at 17942 and peak of the day was 17944. Now the resistance could be near 18039 and 18111. Supports on the lower side are 17834 and 17737. Major Support of 50 EMA for NIFTy below which there could be trend reversal and Bears can fight back is near 17388.
Recommended in our special Group in August Affle has already given returns of close to 60% Split adjusted. Right now it has given a Cup and handle BO and after some consolidation can go long. Looks a pretty solid long term stock.
NIFTY gave another solid positive candle and FIIs did more than double buying compared to DIIs. Next resistances before NIFTY tries to hit 18K again are near 17889 and 17942. Supports on the down side are 17707, 17634, 17593 and 17366.
A very good day for NIFTY moving up 1.57% and closing above 17625. A move of 271.65 points North Wards. What would have made analyst like me more happy would be if it would ended the day just above most critical resistance of 17639. Which was the peak of 13th December 2021 big red candle. Any way Nifty can do it tomorrow with the momentum that it gained today....
Market Outlook: Nifty closed strongly above 50 days EMA on Friday which should be a good sign for the coming week. Immediate resistance is near 17432. Crossing it the resistance will be near 17558 and 17683. 17683 is a formidable resistance, crossing it will be difficult but once it is crossed Nifty can go till 18173. Supports on the lower side are 17132, 16938...
IPCA Labs CMP 2176. Looks good for X/2 entry at CMP and second X/2 entry above 2265. Targets: 2453, 2600 and 2700+ (long Term) Stop Loss: Below 1850 closing. Also there will be stock split soon 2:1 in IPCA.
NIFTY chart on hourly candle is looking range bound for last 20 or so candles. That is immense show of strength. 200 Hours EMA 17255 is holding the NIFTY down proving to be tough resistance and 17135 to 17188 range is showing immense support. Once 17255 is broken and the Nifty sustains above it for one or two hour. Next short term target and resistance will be...
Atul was initially given at 7000 for the target of 9K+. Further at 9K it was given for the target of 10K+ which were done and dusted. Again Atul is looking good for Fresh Entry / Averaging / Compounding at CMP 8962. It has made a sort of double bottom and is looking good for the targets of : 9968 and 10971. Stop Loss: 7500 for trading. Otherwise it is a long...
JB Chemical and Pharma CMP 1741 was first given at 1222 from there it went to upto 1985. Last week at 1698 fresh entry was given now it has already gone to 1741 but still if you have missed it there is another entry option available above 1767 closing. Those who hold it can do compounding. Stop Loss remains same at 1500 as of now. Long Term target 1900-2000+
Poonawalla Fincorp is nearing it's ATH BO levels and might move further. It might try to challenge 227.75 today. Above this level the next target for Poonawalla will be 254. 197, 189 are strong supports now. For Fresh Entry 189 should be the Stop Loss. Very Long Term Target looks like 300+ in 12 to 18 months.
NFITY is facing 50 EMA resistance which is near 17342 and quite formidable. Additionally the bottom of candles dated 14th December is also at 17225 which acted immediate resistance yesterday. 17168 yesterday's bottom will be support as NIFTY will once again try to challenge 50 EMA resistance today. RSI is at 49.27 and it is also facing mid channel resistance. 14th...
Major resistance for Nifty going forward is 50 days EMA at 17347. Above that the resistance will be near 17427 and 17683. Above 17683 the potential of Santa Clause rally is to go near 18.2K running cautiously wild. Supports on the down side are 17165, 16938 and 16330 which is a major 200 EMA support, below which there will be cold bear market which can go upto...