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.
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 , 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.
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.
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.
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 …
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.
September 29, 2019
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.
September 23, 2019
New Levels of Nifty
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.