rakeshreddym

rakeshreddym Updated 

Nifty is in rising channel pattern now at top of the channel if 22800 rejects or a gap down opens and sustains below 22650 Nifty can see 22550-22500 levels.Market is overbought a dip and resumes uptrend in my view. Support are 22650-22675,22550-22500,22420,22380. Resistance are 22800,22870,22900,22950,23000. Note:-Mentioned Support&Resistance levels can act as...

rakeshreddym Updated 

Banknifty support and and resistance levels. Support:- 48800,48650,48500,48300 Resistance:-49050,49150,49350,49500 Trend is still bullish on macro and micro timeframes but market is overbought here, a retrace to support areas expecting and then resumes uptrend if any of the supports held. Note:-Mentioned Support and Resistance levels can act as reversal...

rakeshreddym Updated 

SPX from current level formed a double top and with history of price aciton repeating weekly RSI oversold a confluence with double top ,Fed hinting a rate cut all giving a sign of fall with 15 percent fall it will test 4100 area ,25 percent will test 3600 area. My view is not to go long any negative price action here on current level short market can hold until...

rakeshreddym Updated 

Gold is in upward channle lower high and higher high steps, currently stuck in a 30 point range of 2030 to 2060 area , low it is getting support and highs taking resistance. any voilation of this range in case lows gets voiltated it will test 2000 and in case of high (2062) it will test 2100 and above level. Until proven otherwise play the extremes of this...

rakeshreddym Updated 

Bitcoing Support and Resistance levels If same pattern follows another 5 k to 6k upsdie is possiblel,last time november to december consolidated breakout rallied now it is forming same pattern consolidating since trend is bullish anticipating a 5k to 6k upside from current levels.Only if 41500 area voilates it may further go down but that has to seen with price...

rakeshreddym Updated 

EUR/USD currently testing the support area from where it rallied to high's of 1.10000 area good risk reward to long here.

rakeshreddym Updated 

Gold is looking good to buy on dip this current level resistance been tested quite few times now getting weak and V shape recovery pattern can move 20 to 30 points higher from here,1990 below sustains longs are invalid it might test lower level supports if helds on them resumes uptred.

rakeshreddym Updated 

BTC at resistance now which is tested 4 times now making it weak ,if breaks this resistance and held we might see 40k in comming days.

rakeshreddym Updated 

Gold S&R levels for this week once the trend line for uptrend broke it changed the course now 1900 area is the mid point it will test, if holds may consolidate between 1900-2000 if breaks it will test lower levels of 1850-1830 area again.

rakeshreddym Updated 

Gold gave good break today over 2000 need to see price action here previously it fell from same levels but now with this israel and hamas issue it may go higher levels from here any dip can bought out this is my view on it .

rakeshreddym Updated 

BTC is in range of 6200 points since mid of march 31 k above and 25 k below is the range.It gave good break out of trend line with good green daily candle expecting it to test the resistance level of 31k area soon that is range high area also.

rakeshreddym Updated 

US 100 approaching multiple resistances ahead 15050 rejection area and 14950 below shorting options only above 15100 sustains one can look for long option till 15300 area that is next resistance area. Expecting it to test 14800 area one more time if held it will resume uptrend voilates it more fall till 14600 area may test.

rakeshreddym Updated 

Naturall Gas Long on break out there is gap around 4 area expecting it to fill from Lows it made lower high looking good to long option.

rakeshreddym Updated 

Gold levels 1835 above sustiains can long till Targets of 1840,1845,1850,1855 and 1830 below short till targets of 1824,1814,1808. Price still in lower range of bracket of (1830 to 1811) if breaks out and sustains in upper bracket (1835-1855)range look long options.

rakeshreddym Updated 

FX:USDJPY Nearing support of rising channel with postive price action ,one can long on channel low to target till mid to high of channel.

rakeshreddym Updated 

S&P is at crucial level currently at demand zone now from where it rallied to high of 4600 area any voilation below 4300 and sustains we could see 4200 area this week.Watch price action on current level which is 4300 to take call accordingly.

rakeshreddym

Reliance at demand zone now watch price action between 2330 to 2300 area ,if find any positive price aciton on zooming to lower time frame long it till 2400 area first target in comming days .(2300 below long invalid)

rakeshreddym Updated 

Gold is been trading in range since two weeks now and poised to make a big move comming this week, it could be either way 1950 above or 1900 below from current levels marked yellow box in chart above bull side below bear side move expecting this week .