NileshChavan

NileshChavan

BTCUSD has been sustained at 6304 levels since last 4 days, and now it has broken 4 hour trend line which as formed from 6th of June. though the weekly trend is down i am expecting a small pullback in this week. I will recommend buy at 6517 level for target of 7200-7400 with stoploss of 6050.

NileshChavan

Since 11 days Stock is in Bull trend but now coming in selling zone. We can short stock at 290 for the targets of 280 and 275. Risk Reward Ratio is 1:2

NileshChavan

AAP is near a monthly high now. If it break and sustain above 138 then we can see 152-175 till end of this month. Monthly chart is very strong,so we can accumulate above 138 and can add more if pullback happens near 130-135 levels.

NileshChavan

Nifty has taken support three times near 10730-10700.After a rally price has sustained this week above 10730 which shows bulls are still in command. I will be bullish on nifty for this expiry and 10855 is the very crucial level for nifty to go towards 11000.

NileshChavan

SBI price Has Been consolidation between 275-260 since last 12 days. It shows that price has been exhausted after 4 days rally. and it may shoot up more.I will wait for the given levels. keep Eye on SBI. If breaks the trend line then price can reach to 315-340 this expiry only.

NileshChavan

Infy has shown good rally since march of this year, But now price is coming in strong weekly supply zone which was formed in June 2016. 1270-1280 is strong sellers zone. I am expecting to correct the price in this zone.

NileshChavan

USDUNR has been week due to global cues. All cross currencies are gaining opposite to USD which will help to strengthen the rupee in upcoming week. This week i will be bearish on USDINR for the TGT 66.5237 and 66.1413

NileshChavan

Hul has given stron results in this quarter. Company is fundamentally strong.I Will wait for Buy at given levels. More correction is expected which is taken as opportunity to buy.

NileshChavan Updated 

Crude has been continuously in uptrend since June 2017. Now It has reached 50% retracement level of Monthly Fibonacci. as well as Crude has taken resistance from the April 2017 Trend line. So today If today or this week Crude closes below 70.50 it will be bearish signal and good sell opportunity for us. So my view is bearish for Target of 66-61 in upcoming 2-3...

NileshChavan

Nasdaq has been in consolidation since start of the second week of this month. 7000 is the strong resistance and 6800 is strong support for this month. NDX is trying to break the 7000 and this rising wedge pattern is giving us the confirmation of bullishness. Break and sustain above 7000 will lead to 7200-7400 and to other hand break and suatin below 6800 will...

NileshChavan

Nifty is In Downtrend Channel which is formed in Dec 2017.Now Nifty Has broke uptrend channel formed in March 2018. Nifty hAs strong Support at 10466 which is 200 EMA and also 50% Retracement at 10450. So buying can be Seen Near 10450.So This Week I will Wait for this level to Buy and to Short I will wait for 10674-10700. If Nifty Dont Sustain and Break 10450 then...

NileshChavan

Asian Paints has recently given 52 Week High with strong Breakout. It confirms the strong Uptrend.On Monday expecting a Small correction in stock which i can assume buy opportunity near 1265-1270. My TGT Will Be 1380 for upcoming Week and 1500 for upcoming Month with the Stoploss of 1200

NileshChavan

Apple has recently taken fresh support from 160 and formed strong Bullish Engulfing candle which shows bulls are trying to take control. I will be Bullish on Apple this week as company is fundamentally strong. I will BUY near 165-163 with The STOPLOSS of 159 For The TARGET of 170 and Monthly Target of 180-190.

NileshChavan

NDX has formed bearish Bar on daily as well as on 4hr Chart. It shows that bears are in control till 6575-6537.Daily Trend is Up but I will Short at 6630 with The STOP Loss of 6665 For The TGT of 6575-6530. My View is is for day trading.

NileshChavan

Gold has been sustaining between 1360 and 1335 since last 6-7 trading sessions. Profit booking has been done for short term in gold and it may again rally this week for the TGT of 1365-1370. I will accumalate gold near 1330-1335 levels for the TGT of 1355-1365-1370 with The stoploss of 1319.

NileshChavan

Nifty has Been sustained above 10530 since last 4 trading sessions which shows bulls are trying to be in. Since last two trading sessions dojis are formed which technically tells us that traders are confused.Close and sustain above 10580 will take nifty to 10680-10700, But sustain and close below 10580 will lead to 10480 which can be again good buy opportunity this week.

NileshChavan

GBP JPY Has Broken the uptrend Channel from March 2018. An strong bearish trend in Daily Chart as well. i will Short only after the pullback at 151.300 For TGT of 149.400 with the STOPLOSS of 152.213 which gives us Risk to Reward Ratio of 1:2.

NileshChavan

Chart has became technically strong by breaking the december trendline. Accumlate between 190-210 with ths stoploss of 170 for TGT 215-240-260.