NIFTY INDEX is closed just at 50% Fibo Level - 17228. It has checked 61.8% Fibo Level - 17296. Wait for these levels to break for further up trend. It may continue to slide downward below 17200. Important resistences are 17300 & 17400. Important supports are 17162 & 17080 Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on...
CNXCONSUMPTION (CONSUMER INDEX - NSE) has failed to break 50% Fibo level (6984) as shown on the chart. Be watchful, if it break above and sustain up trend will continue and important resistences are 7013 & 7045. Breaking down, 6945 level it may show downward movement and may check support of 6925 & 6905. Reach us on TradingView to get Free Access to our...
NIFTYENERGY INDEX failed to break the top 23235 and it has formed TRIPPLE TOP pattern. Be watchful for the level of 23160, below that it may change direction to down trend. Important supports are 23090, 23045, 23000. Important resistences are 23320 & 23370. Current trend view is neutral to down trend below 23320. Reach us on TradingView to get Free Access to our...
CNXIT (IT INDEX-NSE) has show clear up trend. Important levels to check are 35380 and 35140. One can think to enter a fresh buy above 35400 and sell below 35140. Up trend may still continue and resistence are 35370, 35600. Supports on reversal are 35000 & 34850. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on...
Bank Nifty has again failed to break resistence of 37000 mark. It has also formed Double Top Pattern at the same. Wait for either to break 37000 or 36700 level to decide the trend. Once broken, once can enter the trade in direction of the trend. Reach us on TradingView to get Free Access to our Indicators! Find BOBALGO on Tradingview.com Whatsapp - 91 96240 44866
Bank Nifty on weekly chart is heading towards resistence of 36800. Still on weekly chart if it goes and test current week low then downward movement may trigger and last longer! Support comes to action for 34200
Definitely test the support created at 9441...!!!