Currently NIFTY is near triple support zone of 17762, 17709 and 50 EMA near 17623. It should take support from any of the three levels. If NIFTY closes below 17623 today or tomorrow...Next week onwards we can see further 4 to 8 % correction. Critical support zone for NIFTY here. Lets wait and watch
Levels to watch out for: On hourly charts the supports are 17877, 17819 is a major hourly 17723 final major support at 17617. Resistances on the upper side are 17973, 18024, 18085 major resistance, 18133, 18294 and finally recent peak of 18350. In last 6 days FIIs have sold worth Rs. 8805.81 Crores. ..That is huge selling. DIIs and Retail buyers are holding...
IT Index had given a major BO from the squeezing triangle. Mostly it is coming back to test the breakout. Major supports here are 37362, 37264, 37196 and finally 37125. Mostly IT should reverse from that range. Post re-testing is done IT will slowly consolidate and move towards making fresh highs above 39442. Our target of IT Index for 2022 is 40211.
Possible support levels of Nifty are where it is right now 17980 below this the level will be 17877, 17817 and 17704. Below these levels only 50 EMA that is 17618 is major support.
Once Gold has retested the 50 EMA Break Out which it might be doing since last sessions. Once the resistance zone of 1829 to 1833 is crossed Gold will march towards 1849 and 1868.96. Long term target for Gold is USD 1907.87. Supports on the lower side are 1814, 1777, 1753 and finally USD 1679.98
Nifty is rising in a steep channel the momentum can sustain if important resistances are taken down. Resistances on the upper side are 18294, 18345, 18440, 18510 and finally the ATH high of NIFTY which is 18606. The supports on the lower side are 18133, 17973, 17819, 17617 and finally 17553 which is 50 EMA. Below 17553 weekly closing the bears will take control of...
Atul CMP 10338.65 looks like completing the U formation. Crossing 10971 Target for now will be a fresh Breakout. Look at the perfect U it is forming.
Sun Pharma has crossed 855. Now the nest target will be 927. It is a long term Portfolio stock and can be bought at CMP, Can be bought in SIP, Can be compounded. (For Educational purpose only).
Since December 20th 2021 Nifty is following the channel shown in the hourly chart. The support zone for Nifty is 18125, 17957, 17888 and 17580. The resistances on the above side are 18270, 18343, 18466 which is a mid channel tough resistance to conquer. Above that level the previous peak of 18606 will be the resistance. If the peak is crossed Nifty can make...
Gold is giving continuously candles green fine; But resistances at 1833, 1849 and 1869 reduce its shine. If the Resistances are crossed along with rich levels of 1900+ and 1967 Gold can dine. A great investment of all time, after breaking squeezing triangle will make the bears fall in line. And I will say. Mine oh Mine!!!
Certainly looks like V-shaped recovery is on cards. Two key resistances in the path of V-shaped recovery are 18243 and 18343. The supports levels from the current closing price of the day are 18125 and 17957. Below that range 17494 which is 50 EMA will be major support. Bears might take control of NIFTY below this range. Three IT companies and their performance...
Next Resistance 18125 and 18150. When it is crossed the Target for now is 18243. Support is near 17957 and 17911.
Nifty is entering a resistance zone of 18017 peak of today and 18125. It can take a breather after a superb run since last 8 to 10 sessions. It can correct a bit. a little bit of Profit booking can also be seen. IT stocks will be under little bit of pressure. DOW and Nasdaq have also seen selling from the peak. Phenomenal increase in COVID-19 cases in India can...
Nifty closed strongly this week after a hick up in the middle of the week. Immediate resistances are near 17841, 17944 and 18039 in the near term. The support levels in the near term will be 17593, 17418 and 17388. With so called arrival of ‘3rd Wave’ and exponentially increasing case DIIs, FIIs and Retail investors will remain on a tenterhook. It looks like...
17655 proved to be a good support for NIFTY today amidst aggressive posture by US Fed which sent traders across the globe booking profit. Global markets have tanked FIIs sold today but DII continued there buying from lower levels. Current support zone of 17661 below this level the support is near 17656 and 17593. Below these levels 17492 and 50 EMA which is at...
Gold is squeezing in the triangle and may blast on the either side. There is a chance that taking support near 1780 or just below it near 1755 it can stage a comeback. Gold will be bullish only after it has closed above 1850. Gold looks better placed then Silver.
Silver Struck in squeezing triangle but about to break it on the lower side. It has support near 200 Weeks EMA which is at USD 21.120 only. Below 200 Weeks EMA the support is near 19.268. On the higher side Silver will be bullish only after it crosses 26.019.
Aggressive posture by Fed has traders booking profit across the globe. Global markets have tanked. Current support zone of 17661 below this level the support is near 17680. Bank Nifty is trying to form a Doji and stage recovery.