NIFTY SEEMS WEAK IN ITS CHART. IT HAS SUPPORT AT THE LEVELS OF 11030/10 AND 10930 WHERE AS RESISTANCE AT 11150 AND 11250. I WOULD EXPECT NIFTY TO BE IN RANGE BOUND IN BEETWEEN 11030 AND 11000. THUS SELL A CALL OPTION OF 11250 FOR INTRADAY BASIS. IN LONG RUN THE MARKETS MAY SLIGHTLY RETRACE AND BE RANGE BOUND FOR A FEW. I DONOT EXPECT TO NIFTY TO CROSS 11250 IN...
BSE IS IN A RANGE NEAR ITS RESISTANCE LEVEL. THE RESISTANCE LEVEL HAS BEEN TESTED MUSTIPLE TIMES. AS BSE IS ABOUT TO DECLARE RESULTS ON 3RD AUGUST, 2020. LOOKING AT LAST QUARTER FINANCIALS AND CURRENT FINANCIALS OF CDSL, THE RESULTS ARE EXPECTED TO BE EXCELLENT, QOQ AND YOY BASIS. THUS THERE IS A HIGH PROBABILITY THAT THE RESISTANCE LEVEL WILL BE BREACHED. SINCE...
VEDANTA LOOKS LIKE IT IS CONSOLIDATING IN A RANGE FOR A PRETTY LONG TIME. THE TRIANGLE PATTERN SUGGEST IT IS READY FOR BREAK OUT. BUT WE NEED A CONFIRMATION FIRST. IF IT CLOSES ABOVE 115 BY THE END OF THE DAY IN ANY TRADING SESSION IT CAN BE LONGED IN FUTURE. EVEN 15 MINUTES, MACD IS SIGNALING A BREAK OUT IN THE STOCK
SBI IS AT THE VERY CRUCIAL LEVEL. IT IS JUST ABOVE THE MULTI MONTH RESISTANCE RANGE OF 194/95. ON ACCOUNT OF FEAR IN THE MARKET, SBIN HAS BEEN FALLEN TILL 0.698 FIBONACI LEVEL IN THE 4 HOURLY CHART. IT IS FAVOURABLE TO LONG THE STOCK AT THIS LEVEL FOR THE UPSIDE OF 7% TO 10%.
THEORITICALLY THE STOP LOSS FROM THIS LEVEL IS AT 194 FOR INTRADAY PLAYERS, WHILE FOR...
AS COMPAIRED TO NIFTY, BANK NIFTY IS WEAK. HOWEVER IT IS STILL IN THE UP TREND. BROADLY THIS INDICES IS TRADING IN THE RANGE OF 21600/700 - 23500/800.
CURRENTLY IT HAS A VERY STRONG SUPPORT AT THE RANGE OF 22250 AND 22000, WHICH ALSO HAPPENS TO BE 0.382 AND 0.5 FIBONACI RETRACEMENT LEVELS. THIS ARE THE KEY POINTS. ONCE THIS IS BREACHED AND CONSTANTLY START...
NIFTY IS CURRENTLY TRADING WITHIN THE RANGE OF 10700 TO 10780. LOOKING AT THE CHART IN SHORT TIME FRAME AND LONG TIME FRAME. THE MARKET IS LIKELY TO CONSOLIDATE AT THIS RANGE. HOWEVER NIFTY IS BEING SUPPORTED MAINLY DUE TO BANK NIFTY AND THE RELIANCE INDUSTRIES. SO INCASE ANY WEAKNESS ARISE IN BANK NIFTY, THE MARKET WILL FALL. THE KEY AREAS WILL BE 10700 AND...
Exide india has rebounced back from its 20 DEMA and is currently taking support at its previous resistance. The stock has fallen on account of its results. It is best time to accumulate for 5 to 10% upside, possibly within this week.
STOCK IS IN THE BREAKOUT POSITION AND SLIGHTLY ABOVE THE SUPPORT OF THE 20 DAYS DEMA WITH POSITIVE DIVERSION AT RSI.
IF THE MARKET DOESNOT FALL, THE STOCK WILL WITHIN THE WEEK GIVE A HUGE MOMENTUM.
HINDUSTAN UNILIVER HAS TAKEN THE SUPPORT ON THE TRENDLINE DRAWN ON DAILY CHART OF LAST 5 YEAR. THE BLOCK DEAL SUPPLY HANGOVER HAS BEEN NULLIFIED AND THUS THE STOCK IS SUPPOSED TO MOVE UPWARD.
