Market Commentary

Read our Latest Market Commentary/Research from the Expert’s View.

December 30, 2019

Indusind Bank on the up move

Bank is moving smartly.
with building each downside a strong base.
Thus, in coming days we can see the bank trading in the range of 1595-1610 range.
With an Support base range of 1485-1475.
Trade Cautiously.

Indusind Bank on the up move by sanchittak on

December 18, 2019

Is it the Nifty Top out?

With lots of positive news & daily new turbulence in the Stock Market. The Benchmark Index i.e. Nifty & Sensex both are at the highs.
But does this high leads to a new high or it’s a hoax.
As Considering News Factors — Markets will be making new high.
But on the look of Fundamental patterns — Higher Inflation , Under-quoting of NPAs by Banks, Fraudulent Activity by Renowned Brokers, Liquidity Crunches in the NBFC & lending Business, Public Strikes/Kiosk/Anger/Fight against Government’s CAA, Global Pressure,Loss Making E-commerce business investing in other business and Index trading at the PE of 28 – 30 Levels. But still Indian Market is making new highs…Kind of questionable thing.
Thus, with all such factors – Nifty will be correcting very soon.

One can Short Nifty near the levels of 12200-12300.
For the targets of 11570 or more for the next year or the coming months.
with an SL of 12650-12750 levels.

Is it the Nifty Top out? by sanchittak on

November 27, 2019

Does dollar at Support?

USDINR after reaching its high level range 72.20 is trying to test — support range of 71.20-71.40
Any break down in any levels may lead to the further down levels of 70.48.
On the Resistance side, it may test 72.53 & 73 levels in the coming days.

Be Cautious with each trade.

Does Dollar at Support? by sanchittak on

November 13, 2019

Is it a Buy on Dips Opportunity?

After, making a Cup and Handle Pattern nifty is trying to consolidate to at nearly support range. Can be considered as an opportunity to buy on every dips with following levels:
Buying Range: 11850-11900
SL: 11700-11650
Tg Range: 12110-12250
for coming days.

Is it a Buy on Dips Opportunity? by sanchittak on

November 01, 2019

Is Indusind Bank in Bull trend?

After consolidating at the level of 1280-1300, the bank is moving to test the upper levels of 1430-1460 levels by trying to beat the current levels of 1360.

Is Indusind Bank in Bull trend? by sanchittak on

October 18, 2019

Is it a Cup Pattern in Nifty?

Nifty has break all its major resistance levels and trying to test its major high levels.
With Technical levels it looks like it is trying to make a Cup with Handle Pattern. So Be cautious with your trades.
This Diwali we might see the new levels of Nifty . But still who know the bad news.
So have a strict SL of 11470-11490 Range.
Or buy if it gives opportunity at such SL levels with the Support of 11395 Levels.
For the New Target of 11900 and 12200 levels in the coming weeks.

Is it a Cup Pattern in Nifty? by sanchittak on

October 16, 2019

Nifty on Up move

Watch the levels closely. Nifty after making 3 days of continuous higher high. Nifty is giving an opportunity for new high.
But a Stop Loss is always a necessary thing to consider.
Nifty levels on upside for the target of 11538
Sl with the levels of 11385-11390

Nifty on upmove by sanchittak on

October 09, 2019

Does Nifty is really oversold?

With rising global concern and economic slowdown in the Indian Economy. Nifty doesn’t showing any sign of Bullish trend …
In short-term,
with continuous 6 days fall in the Nifty a Small short-covering occurs. Making it more cautious for coming days.
With Shorting at the levels of 11265-270, for the Target of 11020-11000 with SL range of 11410-11425.
Be Cautious with each trade.

Does Nifty is really Oversold? by sanchittak on

September 29, 2019

Be Cautious

Yes Bank the real wealth Destroyer which comes into effect after the corporate governance and NPA issues.
With its mediocre June Quarter Performance stock is all set to make a low.
On Friday, Yes Bank enters below the Half-century zone. The Diamond has started losing its fade. Here’s what the technical has to say..
At the current levels of 48-49. Yes Bank has coming down to its multi-year Support range of 40-43. Below that if it will lead to the crash down to the levels of 20-18 levels (where it has started it journey of bull).
On the Resistance: 58 & 74 plays the road block to its high.
Fundamentally drowning stock looks attractive but management issues leading a bear ride.

Is it Yes Bank at Multi-Support Range? by sanchit005 on

September 23, 2019

New Levels of Nifty

Bulls can be a hoax by sanchit005 on

September 13, 2019

Market has been extremely volatile. And predictions can be wrong if the analysis is not there. With every Up and Down Move — Entry and Exit Point is important.
With the Rising Retail Inflation Rate and Slowdown in Indian Economy the expectation of considering that market will make top is worthless. Until any specific signal come across.
On technical Front. One can Short NIFTYat between the levels of
10940-10900 with the targets of 10725-10680
With an SL of it recent High at 11065-11083.

SHORTING Opportunity in NIFTY? by sanchit005 on

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