As expected Nifty hit the lower Support @ 11639.60 and bounced a little from there... I expect Nifty to bounce from here though whether it will sustain the gains or not that remains to be seen ... Support @ 11600 - 11650 Support 2@ 11515 -11550 Resistance @ 11800 Resistance 2@ 11900 Posts are not recommendations!
Fear of coronavirus pandemic catches up ... we are in a very tight spot... At the time of writing this Dow Jones was 937 points -more than 3% down .... We are headed to test the lows of lows... Today the 2nd Support of 11900 was broken decisively.. tomorrow I dont expect anything different ... Caution advised.. Support1 @ 11715 Support 2@ 11600 -...
Fear of coronavirus pandemic catches up ... we are in a very tight spot... At the time of writing this Dow Jones was 937 points -more than 3% down .... We are headed to test the lows of lows... Today the 2nd Support of 30450 held perfectly but tomorrow will be a different story ... Caution advised.. Support1 @ 30250 Support 2@ 30000 - 29985 Resistance 1@...
Now that Sonbhadra gold reserves have been rejected by GSI we are back to square one ... Coronavirus scare is now again catching up with the companies and IMF now trying to evaluate the impact of the same on world economies ... the picture again turns gloomy for Market outlook... For Nifty 12000 is the major support if that breaks we may go down much...
Now that Sonbhadra gold reserves have been rejected by GSI we are back to square one ... Coronavirus scare is now again catching up with the companies and IMF now trying to evaluate the impact of the same on world economies ... the picture again turns gloomy for Market outlook... For Nifty 12000 is the major support if that breaks we may go down much...
What a day ... Bank Nifty went down to test the long standing Support @ 30250 (wasnt even looking at it) and made a U-TURN to close above the Support @ 30450 The concerns around global slowdown due to coronavirus outbreak again raising head ... Nifty remains weak ... trade cautiously with Support and Resistance levels... Support 1@ 30450 Support 2@...
What a day ... Held the second Support @ 11900 and ended on Support 1. The concerns around global slowdown due to coronavirus outbreak again raising head ... Nifty remains weak ... trade cautiously with Support and Resistance levels... Support 1@ 11975 - 12000 Support 2@ 11900 Support 3@ 11830 Resistance 1@ 12090 - 12100 Resistance 2@ 12150 - 12160 Posts...
Rupee breached resistance @ 71.55 on concerns around global slowdown arising from Coronavirus outbreak.. Next Resistance @ 71.74 and Support @ 71.35 Posts are not recommendations!
Rupee appreciated against USD by the end of the day due to stable crude prices In the absence of a positive developments I dont see rupee appreciating too much Support @ 71.30 Support 2@ 71.12 - 71.18 Resistance@ 71.40 Resistance 2@ 71.50 -71.55 Posts are not recommendations!
Volatility is bound to persist in market .. the developments around AGR will be closely watched ... Trump visit on the 24th and 25th Feb could be a positive for the markets though a mini trade deal has already been ruled out. Support @ 11975 -12000 Support 2@ 11900 -11930 Resistance @ 12090 - 12100 Resistance 2@ 12150 -12160 Posts are not recommendations!
Volatility is bound to persist in market .. the developments around AGR will be closely watched ... Trump visit on the 24th and 25th Feb could be a positive for the markets though a mini trade deal has already been ruled out. Support @ 30600 Support 2@ 30450 Resistance @ 30900 -30925 Resistance 2@ 31050 - 31075 Posts are not recommendations!
Market tomorrow is expected to react on the AGR verdict and the developments henceforth ... In the meanwhile we are pretty much at Support and got a flicker of good news from Airtel and Vodafone (filing for bankruptcy would be a disaster for the market & economy) ... How market reacts to the developments that remains to be seen ... Support @ 30700 ...
Market tomorrow is expected to react on the AGR verdict and the developments henceforth ... In the meanwhile we are pretty much at Support and got a flicker of good news from Airtel and Vodafone (filing for bankruptcy would be a disaster for the market & economy) ... How market reacts to the developments that remains to be seen ... Support @ 12150- 12160 ...
Rupee is at Resistance (71.55) once it breaches it ..the next Resistance shall be 71.74 ... The market will primarily react to the AGR verdict and the developments henceforth.. Resistance @ 71.74 Support @ 71.40 Posts are not recommendations!
Rupee depreciated as expected due to bad IIP and CPI numbers but ended up gaining some ground by the end of the day... not making many changes here Support @ 71.12 - 71.18 Resistance @ 71.35 - 71.40 Resistance 2 @ 71.50 - 71.55 Posts are not recommendations!
As expected market reacted to the bad IIP and CPI numbers and growing coronavirus fear and we ended up above the Support @ 12150 - 12160 The Support was pretty much held which is a good news so we might see some up movement but it should be limited ... Support @ 12150- 12160 Support 2@ 12090 - 12100 Resistance @ 12215 Resistance 2@ 12270 Posts are not...
As expected market reacted to the bad IIP and CPI numbers and growing coronavirus fear and we ended up @ Support @ 31200 - 31250 The Support was pretty much held which is a good news so we might see some up movement but it should be limited ... Support @ 31200 - 31250 Support 2@ 31050 Resistance @ 31480 Resistance 2@ 31700 Posts are not recommendations!
Didnt see this coming ... even breached the Resistance @ 31480 ... tomorrow market might react to IIP and CPI numbers not very pleasant ... Dow is zooming accounting for Trump's next term already ... will just stick to the Support and Resistance levels Support @ 31200 - 31250 Support 2@ 31050 Resistance @ 31700 Posts are not recommendations!