Nifty as of now has taken support at Mother line in daily chart. As expected in my Yesterday's message. So Hopefully if Big Banks Results are in line tomorrow we might see Nifty going upwards from Monday.
Mota Bhai just announced the results. EBITDA is slightly less than expected but Net Profit and Revenue is much better than Market expectation. In my view market should react positively to this result.
Supports For Nifty remain at 24932 (Mother line), 24759, 24503. As indicated earlier if we get a closing below 24503 we may see a Fall towards 24106 or 23929 (In unlikely circumstances).
Nifty Resistances remain at: 25035, 25248, 25400 and 25613 (Channel top Resistance).
Results for tomorrow
HDFC BANK
ICICIBANK
AUSMALL BANK
RBL BANK
UNION BANK
YES BANK
CENTR BANK
PUNJA BANK
CENTR BANK
So it seems like a Do or Die Monday on cards. Shadow of the candle looks neutral as of now.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Mota Bhai just announced the results. EBITDA is slightly less than expected but Net Profit and Revenue is much better than Market expectation. In my view market should react positively to this result.
Supports For Nifty remain at 24932 (Mother line), 24759, 24503. As indicated earlier if we get a closing below 24503 we may see a Fall towards 24106 or 23929 (In unlikely circumstances).
Nifty Resistances remain at: 25035, 25248, 25400 and 25613 (Channel top Resistance).
Results for tomorrow
HDFC BANK
ICICIBANK
AUSMALL BANK
RBL BANK
UNION BANK
YES BANK
CENTR BANK
PUNJA BANK
CENTR BANK
So it seems like a Do or Die Monday on cards. Shadow of the candle looks neutral as of now.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.