HINDCOPPER
BALRAMCHIN
BATAINDIA
CANFINHOME
GRANULES
JUBLFOOD
LICHSGFIN
LTTS
METROPOLIS
PAGEIND
RECLTD
HINDCOPPER
BALRAMCHIN
BATAINDIA
CANFINHOME
GRANULES
JUBLFOOD
LICHSGFIN
LTTS
METROPOLIS
PAGEIND
RECLTD
PIIND IS TOP LOSER SUGGESTED BY US YESTERDAY https://niftytipsniftylevels.blogspot.com/2024/04/nifty-report-trading-tips-for-april-9.html
FOR LIVE TRADING TIPS IN OPTION CALL PUT/OPTION STRATEGY WHATSAPP US @ 9039542248
BEL
SAIL
PEL
SUNTV
BHEL
EICHERMOT
LALPATHLAB
INDIAMART
HINDCOPPER
NAUKRI
SBILIFE
MOTHERSON
NATIONALUM
Feeling lost in the world of trading? Whether you're pondering buying or selling, or trying to grasp the ins and outs of calls and puts, we've got your back! Drop us a message on WhatsApp at 9039542248 📞📞, and let our knowledgeable team be your guiding light through the complexities of the market. 😇💡
STOCKS SUGGESTION TO TRADE ON 27 JUNE 2023
SBICARD PEL SUNPHARMA ASTRAL LAURUSLAB CUMMINS BLARAMCHIN HEROMOTOCO GMRINFRA M&M
TO GET LIVE TRADING TIPS
WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html
Nifty stayed within a 76 point range on June 26,
repeatedly rising and falling before ending slightly higher. At the close,
Nifty was up 25 points at 18691. Volumes on the NSE were lower than the recent
average. Global equities mostly fell while gold rose after an aborted
insurgency by Russian mercenaries cast doubt on President Vladimir Putin's
authority and a sharp decline in financials more than wiped out gains in the
energy sector on worries about political instability at the world's largest oil
producer, Russia. Weak Asian and European signals dampened domestic market
sentiment as benchmarks ended in a mixed range on selective buying of key
industry stocks. Global markets dictate domestic trends and investors do not
want to be in a rush to go long at a time of great uncertainty.
Nifty failed to follow the
bearish formation on the weekly charts. There could now be a small bounce
before correcting again. 18650 and later 18550could offer support while the
18750-18775 band could offer short-term resistance. Technically, after a
short-term correction, the index saw range-bound activity near 18675 or the
20-day SMA (Simple Moving Average), a key support level. For day traders, 18725
would be the key resistance level, while 18650 could be the crucial support
zone. Above 18775 saw another uptrend rally to 18800-18850. On the upside,
selling pressure is likely to increase below 18675 and may ease by 18625-18575.
Resistance: 18700, 18800,
18900
Support: 18600, 18500, 18400
PERFORMANCE OF STOCK FOR 26 JUNE 2023
LALPATHLAB went up by 3%
MCX was up by%
MGL up by 2% we have given MGL 1030 CALL TO BUY @ 10 & BOOKED 13
LAURUSLAB up by 3.5% WE HAVE GIVEN LAURUSLAB 360 CALL TO BUY @ 2.6 & BOOKED NEAR 4
The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html
Equity
benchmarks Sensex and Nifty buckled under selling pressure for the second
straight session on Friday as a bearish trend in global equities and concerns
over rate hikes by central banks unnerved investors. The stock market looked
like a sea of red on Friday as selling was witnessed across the board. Investor
sentiment was impacted by the global central banks' hawkish stance. Adani Group
stocks tumbled. At close, the S&P BSE Sensex
stood at 62,979.37, down 260 points while the NSE's Nifty ended at 18,665.50,
down 106 points,Besides, selling pressure in index majors Reliance Industries,
Infosys and L&T also dragged the benchmark indices lower, traders said. However, the domestic market is not expected to
experience a significant correction due to favorable domestic economic
indicators and correction in international commodities prices to sustain
earnings growth on a QoQ basis.Tata Motors was the biggest loser in the
Sensex pack, skidding 1.77 per cent, followed by SBI, Power Grid, Tata Steel,
Infosys, UltraTech Cement, Titan, Larsen & Toubro, Reliance Industries and
Maruti. On the other hand,
IndusInd Bank, Bharti Airtel, Asian Paints, NTPC, HCL Technologies, HDFC and
Sun Pharma were the gainers.
The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Resistance: 18750, 18850, 19900
Support: 18650, 18550, 18450
TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html
Benchmark indices fell in early trade on Thursday,
facing heavy volatility, amid emergence of profit-taking and negative trend in
the US markets.From the Sensex pack, Infosys, Power Grid, Wipro, Kotak Mahindra
Bank, Tech Mahindra, Bajaj Finance, Hindustan Unilever and Nestle were the
biggest laggards. Tata Steel, Mahindra & Mahindra, ICICI Bank, HDFC Bank,
HDFC, Maruti, ITC and Reliance Industries were among the major gainers. In
Asian markets, Seoul quoted in the green, while Tokyo traded lower. The US
markets ended in the negative territory on Wednesday. Weak
global cues following a retreat on Wall Street after the Federal Reserve Chair
indicated that inflation still isn't under control, Indian equity markets
closed in the red on Thursday. Selling was seen across all sectors.The broader
NSE Nifty dropped 85 points to end at 18,771 as investors turned cautious with
benchmark indexes at near record levels...
WE ARE DOING OUR RESEARCH..STOCKS FOR TOMORROW WILL BE UPDATED ANY MINUTE...STAY TUNNED
The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Resistance: 18850, 18950, 19100
Support: 18750, 18650, 18550
TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html
Although the domestic market hit record highs, it failed to continue its upward trend due to prevailing concerns about global issues and a delayed monsoon. Additionally, consecutive days of net selling by FIIs exacerbated market volatility while mid-cap stocks maintained steady gains. Meanwhile, global market sentiment was dampened as UK CPI inflation came in higher than expected, hurting investor confidence. It is solely the positive domestic fundamentals reflected in the markets that propelled the Sensex to a new lifetime high and pushed the Nifty closer to breaching its previous high. As global macro headwinds continue, both domestic and foreign investors will continue to place heavy bets on local equities as growth parameters improve. The rally failed to gain momentum as investors traded cautiously ahead of the Federal Reserve Chair's testimony before the US Congress later today. Benchmark indices closed higher on June 21, with Nifty at around 18,850. Finally, the Sensex was up 195 points, to 63523 points and the Nifty was up 40 points, to 18,856 points. About 1,672 shares rose, 1,750 shares fell, and 118 shares were flat. Technically, the Nifty is showing higher bottom formation on the intraday charts, which is broadly positive. For traders, 18800 would be the key support level to watch out for and beyond that, the index could rally to 18900-19000. However, a quick short-term correction is not ruled out if the index trades below 18775 and slides to 18750-18700.
STOCKS SUGGESTION TO TRADE ON 22 JUNE 2023
The securities quoted are for illustration only and are not recommendatory . Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Resistance: 17400, 17500,
17600
Support: 17300, 17200, 17100
TO GET LIVE TRADING TIPS WHATSAPP YOUR NAME SEGMENT ON 9039542248 OR FILL THE FORM VISIT https://niftytipsniftylevels.blogspot.com/p/enter-mobile-number-for-2-days-trial.html
Nifty formed a long positive candle with a small upper shadow on the daily chart on June 16, 2023 to indicate a breakout to the upside above the 18,800 level and closer to a new high above the 18887 level. Nifty has been making higher highs for the past 12 weeks and forming a bullish candle on the weekly frame. Now it needs to stay above 18775 zones to see an upward move towards 18850 and 19,000 zones while on the downside there is support at 18725 and 18675 zones. The India VIX was down 2.17% from 11.08 to 10.84. Volatility dropped, supporting the bulls at record high index levels. Options data points to a shift of a broader range between the 18550-19000 zones and an immediate range between the 18700-18900 zones. Both Nifty and the hourly chart's RSI were able to observe a bullish triangle pattern that is able to sustain the strength. The MACD is seeing a bullish crossover which may give the index an additional boost going forward. Nifty traded within striking distance of its lifetime highs, closing comfortably above 18,800, which could push the index towards 19,000 in the coming days. Bank Nifty attempted to reverse the head and shoulders pattern formed on the daily chart on Friday. Once it breaks through 44300 and closes above, this pattern loses meaning. The 43600 puts sold at monthly expiry in June proved strong support for this index. Traders should hold onto bullish spreads and bullish positions for the next week and also look to open bullish short straddle positions in the money with compensation for next week's expiry.
STOCKS SUGGESTION TO TRADE ON 19 JUNE 2023
TO GET LIVE TRADING TIPS OR BUY/SELL LEVELS FOR THE BELOW STOCKS FILL THE FORM VISIT https://shorturl.at/bCFH4
RBLBANK In general, a long-term investment is the way to go. But along the way, some stocks will perform poorly. Here's how the RBL Bank Limited (NSE:RBLBANK) share price managed to fall 70% over five long years. For true believers, that's no fun. On the other hand, the stock price is up 7.4% over the past week.
APOLLOTYRE Apollo Tires (NSE:APOLLOTYRE) could have the potential to be a multi-talent.For those that aren't sure what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital employed in its business. Analysts use this formula to calculate it for Apollo Tyres.Therefore, Apollo Tyres has an ROCE of 9.8%. In absolute terms, that's a low return and it also under-performs the Auto Components industry average of 14%.
CHAMMBLFERT closed the day 2% down at 280.30....
BSOFT closed the day 1% down at 336...
INDIGO risen 2% 2368....
COFORGE close 11 points down at 4409....
HDFCLIFE closed 2% up at 589....
JSWSTEEL closed 3 points up at 705....
PFC closed 4% up at 181....
REC closed 3.3% up at 140....
SBICARD closed 1.23% up at 916....
TATACHEM 2 points down at 970....
TECHM closed 14 points down at 1099....
FOR THE LIVE CALLS JOIN US ON WHATSAPP 9039542248
The headline equity index Nifty formed a bearish candle on Friday with a long upper shadow on the daily chart, indicating a sell-on-rise market mood. Now, as long as it remains below 18350, areas of weakness include 18081 and 18000, while obstacles include 18350 and 18442. The data on options point to a shift in the trading range from 18000 to 18600 zones and an immediate range from 18100 to 18500 zones. From 13.73 to 14.07, the fear gauge index India VIX saw a 2.48 percent increase. After a long time, the market reacted sharply on the negative side, causing volatility to rise from its lows. On intraday charts, chart readers noted a double top reversal formation and a lower top formation on the daily scale, pointing to further downside from the current levels. We anticipate that the 50-day SMA or the 18100-18000 levels will serve as support for the index during the following week. On the other hand, the index could test the 20-day SMA or 18550 above 18400, which could serve as immediate resistance. The index could reach 18700 in the event of additional upward movement. According to the weekly chart, the Nifty may fall to the next significant support of 18100-18000 levels in the upcoming week after falling below the crucial immediate support of 18500 levels. 18450-18500 levels represent immediate resistance. On a closing basis, the nifty has now slipped below the crucial swing low of 18350. The price structure should suggest that the development does not bode well for the bulls. A close below this support raises the possibility of a week-long correction. Despite our bias, we are still unconvinced by this close. In the upcoming sessions, only a follow-through selling strategy may result in further weakness toward 18130-18000-17900. Regardless of whether this situation works out, we don't anticipate that the revision should bother underneath the lower end of this help range. As long as we are able to maintain this, the higher degree up trend does not change.
FOR THE LIVE NIFTY OPTION/ BANKNIFTY OPTION /STOCK OPTION /STOCK FUTURE /NIFTY FUTURE /BANKNIFTY FUTURE /STOCK CASH / OPTION STRATEGY TRADING TIPS CALL OR WHATSAPP ON 9039542248
After a sharp bounce in the previous session, the Indian equity benchmarks ended lower on November 14 on mixed global cues, with the 30-pack Sensex closing 170 points down at 61,624 and the Nifty 20 points lower at 18,329.The market opened flat and traded in the red for the most part of the session, finishing near the day's low. Although there were favourable domestic indicators, the market was under pressure due to weakness in the US and other Asian markets. India's wholesale inflation dropped below forecasts, aided by a slowdown in the prices of manufactured goods and fuel & electricity. In absence of any major event, participants will be eyeing crucial macroeconomic data viz. CPI and WPI inflation for cues. Besides, the performance of global indices and foreign flow trends will also remain on their radar. As we enter the last leg of the earnings season, companies like Biocon, Bharat Forge, Grasim, ONGC and IRCTC will announce their numbers along with several others. We’re gradually progressing towards the record high now, however, mixed signals from the global front are still keeping the momentum in check. Besides, we have not seen broad-based buying yet and participation from the index majors is also restricted.
Support: 18240, 18180, 18100
FOR THE LIVE NIFTY OPTION/ BANKNIFTY OPTION /STOCK OPTION /STOCK FUTURE /NIFTY FUTURE /BANKNIFTY FUTURE /STOCK CASH / OPTION STRATEGY TRADING TIPS JOIN US ON WHATSAPP 9039542248
The Nifty50, as expected, witnessed a gap-up opening on November 11 and finally closed near a 13-month high. The index rallied more than 300 points, tracking a sharp uptrend in global counterparts after the US reported a softer-than-expected inflation print for October at 7.7 percent. This hinted at the possibility of less rate hike by the US Federal Reserve in upcoming policy meetings .The index, which has formed a bullish candle on the daily charts, finally hit the 2022 high 18,350. Hence, if the index sustains above this level, then that may raise the possibility of Nifty inching towards a record high 18,604 in coming sessions, with the crucial support of the 18,000 mark.On the daily chart, the index has moved above the previous consolidation. The trend looks positive as long as the 18,300 level is held on a closing basis .On the higher end, it may move towards 18,600 over the near term. On the lower end, support is pegged at 18,200-18,000, he added. Overall, the trend is positive and recommend buying on dips until key supports are breached.Bank Nifty also had a strong gap-up opening of 560 points at 42,163 and made a new record high of 42,345. The banking index rose 533 points to settle at 42,137. On the derivatives front, we have seen the highest Call open interest at 43,000 strike followed by 42,500 strike price while on the Put side, the highest open interest remained at 41,500 strike followed by 41,000 strike
Technically Speaking :Our markets consolidated in a range
for most part of the week, but the Nifty index held above its support zone of
18000-17950 and resumed it uptrend on Friday. The global factors provided
impetus and the way charts are shaped up, our markets seem to be gearing
towards all-time high soon. The IT sector rallied higher on positive cues With
a continuation of the Higher Top Higher Bottom structure, the support base
for Nifty has now shifted to 18150 followed by 18000, while the momentum in the
index heavyweights could lead the index towards 18500 followed by 18700 very
soon. Hence, traders are advised to trade with a positive bias and look for
buying opportunities from a short term perspective.
FOR THE LIVE NIFTY OPTION/ BANKNIFTY OPTION /STOCK OPTION /STOCK FUTURE /NIFTY FUTURE /BANKNIFTY FUTURE /STOCK CASH / OPTION STRATEGY TRADING TIPS JOIN US ON WHATSAPP 9039542248
The Indian equity market broke two-day winning momentum and ended lower in a highly volatile session on November 9. The Sensex was down 151 at 61,033.55, while the Nifty was down 45 points at 18,157.Despite mixed global cues, the Indian market opened on a positive note .however, as the day progressed, the indices erased gains and turned negative with Sensex slipping below the 61,000 level. All eyes are now on the Inflation data expected this week as supply-side issues coupled with domestic demand would play a part given the way retail fuel prices have been behaving. Hindalco Industries, Power Grid Corp, Divis Labs, Tech Mahindra and Grasim Industries were among the top Nifty losers, while gainers were Adani Ports, Coal India, ITC, Dr Reddy’s Labs and Hero MotoCorp. Among sectors, except Nifty PSU Bank and FMCG, all other indices ended in the red with pharma, metal, auto and energy down. Nifty is currently in positive trend. If you are holding long positions then continue to hold with daily closing stop loss of 18030. Fresh short positions can be initiated if Nifty closes below level 18030.
Resistance: 18160, 18250, 18340
Support: 18140, 18030, 17960
FOR LIVE CALLS JOIN US ON WHATSAPP NUMBER 9039542248
The bulls attempted to stretch their arms for yet another session however stumbled near the junction of a falling trendline & the 40 DEMA. The hourly momentum indicator, which was having negative divergence, didn’t support the bulls, thus dragging the index into the negative territory towards the end of the session. Market ended lower in a choppy trading session today. Nifty closed -0.11% lower and Sensex closed -0.16% lower today. Strong buying is seen in selected pharma stocks while some selling pressure is seen in metal stocks today. At close, the Sensex was down 100 points at 57806, and the Nifty was down 19 points at 17213. On the technical front, overall structure looks positive for Nifty as it manages to sustain above 17210 level on a closing basis. 17100 and 17300 are immediate support and resistance in Nifty. For Bank Nifty, 34400 and 35400 are immediate support and resistance. 17235-17275 is the crucial level to look out for; this market can enter a bullish phase only if it closes above 17275. Until then the markets would be sideways and choppy. 17100 is good support for the index and a break of that will result in a re-entry into the medium-term bear market. It is a wait-and-watch situation: 16900 on the downside and 17400 on the upside.
Resistance: 17250, 17350, 17450
Support: 17150, 17050, 16950
Nifty exhibited high volatility in trades on Thursday. The key indices witnessed wilted under severe selling pressure in the first-half of the day, before staging a partially mid-way, only to lose ground once again. Nifty have recouped some of its losses in the last half-hour of trades or so on the back of renewed buying interest in banks and index heavyweight Reliance Industries. The BSE Sensex was down 375 points at 59,633, and the NSE Nifty had slipped 132 points to 17,767.One 97 communications, the parent company of digital payments major Paytm, made a weak stock market debut as its shares got listed at Rs 1,950, a 9 per cent discount against its issue price of Rs 2,150 on the National Stock Exchange on Thursday. On the BSE, the stock opened at Rs 1,955 per share.
FOR MORE NIFTY UPDATES PLEASE FILL THE FORM->>>>
More about intraday tips Whatsapp On 9039542248
WEEKLY RESISTANCE FOR NIFTY: 13850, 14000,14200
PIVOT POINT: 13700
WEEKLY SUPPORT FOR NIFTY: 13600, 13400,
13200
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 13800, 13900, 14000
PIVOT POINT: 13750
DAILY SUPPORT FOR NIFTY: 13700, 13650, 13600
DAILY CHART FOR NIFTY
NIFTY: A STRONG SUPPORT WILL BE @ 13000;
STRONG RESISTANCE LEVEL SEEN @14000
Nifty
has to hold above 13500 zones to witness a bullish bias towards life time high
of 13750-13777 zones while on the downside major support exists at 13333 and
13131 levels. Overall trend is likely to be with buy on declines strategy.
Option traders are suggested to be with positive bias for an up move towards
13700 zones. Buy nearby 13600 Call or Bull Call Ladder Spread.
Trading
Range: Expected wider trading range: 13500 to 13700 zones.
TECHNICALLY SPEAKING.
This
has been a short but eventful week with wide gyration in stock prices. After
the sharp correction seen on Monday prices have recovered in the last three
days. Monthly expiry has also contributed to the higher volatility. Nifty’s
closing near the previous week high indicates strong rollovers on the back of
healthy FII flows seen this month. We can expect muted FII activity in the next
week also due to year end phenomenon but expect activity to pick up sharply
from the first week of January. Most probably Nifty should take support at 13000
levels with likely break out above the 14,000 level sometime in January.
Bears took the charge Indian markets fell sharply today, snapping its recent record-breaking streak. The Sensex ended over 1400 points lower at 45553 after sliding over 2,000 points at day's low. The Nifty ended 3.2% lower at 13328 with broader markets also seeing a big selloff. The BSE midcap and smallcap indices slumped over 4% each. Though many analysts were expecting a consolidation after the recent upmove, the intensity of today's crash took everyone by surprise. The new variant of the coronavirus in the UK spooked markets as we witnessed intense selling in pivotal throughout afternoon trade. While the Street was bracing for a correction this week after a sharp upmove, the sheer velocity of the fall across broader markets took the bulls by surprise as practically none of the key indices constituents were in the green today.
We threatened the lower
end of the range by piercing 13300 on an intraday basis but the Nifty was quick
to bounce back to close above it. If the level of 13300 is breached, we can
slide down to targets closer to 11250-11200. The resistance on the upside is at
13400.
More
about intraday tips Whatsapp On
9039542248
Resistance: 13350, 13400,
13450
Support: 13250,
13200, 13150
WEEKLY RESISTANCE FOR NIFTY: 13800, 13900,14000
PIVOT POINT: 13700
WEEKLY SUPPORT FOR NIFTY: 13600, 13500,
13400
WEEKLY CHART FOR NIFTY
DAILY RESISTANCE FOR NIFTY: 13775, 13825, 13875
PIVOT POINT: 13750
The merry run continues across the globe and it’s been nearly one and half months now, markets are just continuing their gravity defying moves. This week, our markets kickstarted the week on a flat note but immediately resumed its upward momentum. For the subsequent two trading sessions, the rally continued and in the process, Nifty kept posting new record highs one after another. The similar sort of one sided move was missing in the latter half of the week as markets saw some volatile swings to test the 13800 mark. Our markets started the week marginally higher following the positive global cues. However, the index consolidated within a range for most part of the day and managed to close with gains of one-third of a percent. Tuesday global markets witnessed some correction and in line with that, Nifty was hinting at a probability of negative opening. However, the indices opened on a flat note and then corrected in the first couple of hours upto 13450 mark. But once again, the intraday day dip got bought into and we then witnessed a smart recovery in the later half to erase all losses and end the day on a flat note. Wednesday the U.S. markets ended with gains of over a percent and the Asian markets too were trading with a positive bias in morning. These positive cues from the global markets led to a gap up opening in Nifty to continue to post new record and end with gains of over 100 points at 13683. Thursday We had a positive start on the indices above the 13700 mark for the first time and it continued its positive bias to end the weekly expiry with gains of about half a percent. Friday market benchmarks sensex and nifty were trading volatile on Friday. Sensex was hovering around 46900, while Nifty was ruling above 13500.
NIFTY: A STRONG SUPPORT WILL BE @ 13600;
STRONG RESISTANCE LEVEL SEEN @14000
The
short-term trend of Nifty continues to be rangebound with a positive bias and a
similar type of movement is expected in the coming session. The
upside target for the Nifty remains around 13,900-14,000 levels, which
corresponds to multiple long-term trendline resistance. Immediate support is
placed at 13600.
TECHNICALLY SPEAKING.
Nifty managed to close tad above 13750 on Friday with weekly
gains of nearly two percent. This week, our markets reached yet another
milestone of 13750 with ease and few heavyweight themes did well to guide
markets at new record highs. Since we are trading in an uncharted territory,
sky's the limit for our market; but in our sense, we have now reached the
extreme zone, at least for the current vertical move. With a broader view,
14000 and beyond levels are very much possible, but for a time being; 13500 - 13600
are the extreme levels as per few key Fibonacci ratios. Let's see why these
levels are considered important. The 'Golden Ratio' (161%) on the 'Price
Extension' of the recent previous up move is placed at current levels. This
level coincides with the 200% ‘Price Extension’ of the first up leg from March
lows. More importantly, if we connect all important highs from March 2015 on
the monthly chart, we can see a 'Multi-year Upward Sloping Trend Line'
precisely converging around the same levels. Hence, some cooling off around
this crucial junction cannot be ruled out. Yes, we agree to the fact that a
strong trend up or down, doesn't necessarily follow any theory. But there is no
harm being a bit conservative at times. Hence, since the last 3 - 4 days, we
have been continuously advising booking profits in the rally and avoiding
aggressive bets overnight. On the daily chart, we can now see a ‘Dragonfly
Doji’ pattern and with the last two day’s intraday swings, 13500 has become a
crucial support. The moment Nifty slides and sustains below this point (which
is possible anytime soon), we would see the market experiencing some decent
profit booking towards 13300 – 13000 in days to come.
Bulls continued to march upwards on Thursday with the sensex rising over 200 points amid gains in financial stocks. The Nifty closed at 13740, while the Sensex ended 0.48% higher at 46,890. At its session high, the Sensex was about seven points shy of crossing the 47000 level for the first time. Both the indexes have posted six consecutive weekly gains, boosted by record
TO GET LIVE TRADING TIPS FOR STOCK FUTURE NIFTY FUTURE STOCK CASH NIFTY OPTION STRATEGY WHATSAPP ON 9039542248
WEEKLY RESISTANCE FOR NIFTY: 12000, 12100,12200
PIVOT POINT: 11900
WEEKLY SUPPORT FOR NIFTY: 11800, 11700, 11600
DAILY RESISTANCE FOR NIFTY: 12000, 12050,12100
DAILY SUPPORT FOR NIFTY: 11900, 11850, 11800