NIFTY can continue upward trajectory as its following the Upward Trendline and may face resistance from whole Sell Zone, specially at 15887 level and if it crosses this then it would be a sharp rise to 16172 for Gap filling On Downside, today's low would act as support 15367, if it falls next support is at 15150.
NSE:NIFTY forming a perfect Cup and Holder pattern on charts. Top of the 15710 makes for a crucial Make or Break levels, as NIFTY can either continue upward momentum and cross the top of CUP and HOLDER, or can fall back sharply from here. I would wait for either scenario to happen and take LONG or SHORT positions based on it.
NSE:BANKNIFTY has given a good bounce this morning but in second half the selling pulled the BANKNIFTY down n it lost almost half of the Upside. Fresh buying in BNF can come only after 33800 resistance is broken with good volumes in Futures. Watch out for it. Any fall below 32800 level can bring further downfall in BNF and it can retest 32400 levels again which...
NSE:NIFTY NIFTY made a pretty good Directional move on the UPSIDE. It touched 15700 and from there some selling came in. It almost reached our SELL Zone which is still intact. NIFTY might face huge resistance in this Sell Zone between 15730 - 15950 levels, specially at 15887 level from where the last big fall came in. On Downside, 15460 level is a major Support...
NSE:NIFTY is currently in a make or break situation currently. Today's market move was not very decisive on Upside despite NIFTY closed in Green. If NIFTY manages to hold this position of 15157 lvl and consolidates for next few days, only then we would see a good Upward momentum. On Downside, if NSE:NIFTY breaks 15157 on high volumes, then it would be a free...
NSE:BANKNIFTY Is taking Support from a Trendline as well as Buy Zone. Until this BUY Zone is not broken on higher volumes on downside in BNF Futures, Its a Buy on dips kind of period. NSE:HDFCBANK has given a good support to NSE:BANKNIFTY and looks really strong on charts. If HDFC BANK continues to support BNF, then we might see levels of 33800 in quick time.
BITSTAMP:BTCUSD Is showing signs of further fall. Based on Fibonacci Retracements, its has taken support from last possible quadrant of hope to sustain above that 23% around levels. BITSTAMP:BTCUSD Has broken down crucial downward trendline with huge volumes, with sharp fall in prices. On Upside, there is very little volume in buying as it has probably hit...
I'm expecting some bounce back in NASDAQ:IXIC as per my Technical Analysis. It has moved out of Parallel Channel which it was following since start of this year. It is currently following a downward trendline. On Upside, it can touch levels of 11384 really quick, as bounce from current levels would be sharp. Chances of fall looks bleak, but if it does then it...
NSE:RELIANCE Reliance is showing good strength on charts and it has taken good support at 2545 levels. If this level is not broken on next week, we can see higher highs in Reliance, which would stay UP until Crude Oil prices continue to stay high @120$ per barrel.
NSE:BANKNIFTY BANKNIFTY is looking weak like all the indices across the board. But there is a good Buyzone which can act as support between 32420 - 31870 levels. On Upside 33800 is a strong resistance, which seems tough to be broken for now.
TVC:DJI : 29665 act as a Major support for DOWJONES which is also this weeks Low, if it breaks it can quickly slide down to 28853 level. On Upside, there is a Sell zone between 31100-31370 levels, if it breaks above this Sellzone, it can give good upmove.
NSE:BANKNIFTY Is in full control of BEARS, as the downfall is continuous and looks like everyone is Selling. Downward Parallel Channel strategy is working pretty solid as you can see in the graph Even the last bounce we got is DEAD CAT BOUNCE and looks like it would not hold. Next TGT on downside is easily 34180 levels and around the BUYZONE shown in graph. On...
BNF can bounce back intraday from 34450 if not broken decisively with good volumes on downside. BNF can easily take support from 34450 to move upwards towards 34650 for retest.
NSE:RELIANCE is going Up as discussed, today's move brings it very close to lifetime highs. RELIANCE manages to move NIFTY up quite a bit today. If RELIANCE could give a fresh breakout anytime this week or next, its time to initiate fresh longs on this counter for MEDIUM to LONG TERM.
NSE:BANKNIFTY BANKNIFTY gave a strong move today on UPSIDE was unable to break the parallel downward channel its being trading from start of this month. Initiating Fresh LONGs on BNF soon as we see BANKNIFTY breaking this Downward channel with good volume on Upside, until it breaks it I predict that it would go down n retest 34800 on Downside once again.
NIFTY perfectly bounced back from 16250 just like we discussed yesterday. NIFTY has to try breaking 16500 now, with good volumes to see Upside towards 16640 levels. On downside, today's low can become a good Support at 16250 level
NSE:NIFTY NIFTY has given a big down move today on back of RBI policy and Reliance n FMCG stocks falling. NIFTY can test 16250 levels once again before moving upwards. If it breaks 16250 level, then it can retest 16000 levels pretty quickly. On Upside, there is huge resistance at 16600 levels which doesn't seem to be tested anytime soon.
NSE:BANKNIFTY had a huge movement today on both sides, but managed to stay within a close range which we discussed in my last post. Now, NSE:BANKNIFTY - needs to give a decisive move either below 34650 for BIG BEARS to come in action. Chances of UPSIDE are less, as it seems like Sell at every Upmove, if it comes then BNF has to break 35450 levels with good...