Amongst the massive positive momentum and interest generated yesterday after a closing at 17352 leaping a massive 509+ points in all probabilities it looked that NIFTY will go further up but 50 days EMA and asymmetrical resistance just above it came in the way. 17485 was the 50 EMA and 17490 was the resistance. Nifty returned from there and ended the day in...
As Predicted in earlier posts about Gold. It is facing a stiff resistance near USD 1879. March towards USD 1900+ will be / is on halt temporarily due to easing of war clouds between Russia and Ukraine. Solid support for Gold on the down side is at USD 1853 and USD 1834. Below USD 1834 Gold can roll down to USD 1816 and USD 1803 levels which are 50 and 200 days EMA...
With Russia and Ukraine war pressure seeming to ease today what we are seeing in Nifty is a relief rally. This can continue for a while and next resistance for Nifty is around the range of 17486. Crossing 17486 next resistance for Nifty will be at 17815. Supports on the down side for Nifty are 17128 and 16823. Critical level to cross for Nifty will be 50 EMA that...
The supports nearby for NIFTY are 16823, 16688 (200 days EMA) (Major Support) and below it will be 16410. If 16410 is broken it will be total bear grip. Nifty will take some time to recover and there is every possibility that it might fall to 15979 and 15511 levels. On the upper side the resistances that NIFTY might face from here are 16922 and 17119. Till Nifty...
Tata Steel CMP 1254 is giving a solid break out after forming a sort of triple bottom near 1063. The immediate targets for Tata Steel will be 1300, 1346, 1376 and 1426 in a long run. Maintain a stop loss at closing below 1060 levels. EPS of the stock is consistently growing. After giving a bumper result the stock is still trading at PE of 4.1. RSI of the stock is...
Aurobindo Pharma CMP 700 is a long term investment idea. Mutual Funds and FIIs are increasing the hold in this counter in the last quarter. Another positive about the counter is that promoters are decreasing their pledge in this low debt company. After making an all-time high of 1064 last year the stock corrected and seems to have made a bottom near 590 levels....
Data from US and Hawkish Fed spoiled the rally started by DII and retail investors who were on a buying spree. The support levels to watch on Nifty in the coming week will be Friday low of 17303, 17214 and 17119. 17119 will be a major support below which we will see sheer weakness in the market where bears would come into play and take market to 16840 or 50 days...
Apple also looking a bit hot for entry right now. Should enter only when it cool downs to the levels of 152 and 168 forms a bottom and bounces from there. Stop loss for Apple should be around 138.95. If Apple Goes of Grows above 177 Weekly closing you can take a fresh entry for the targets of 182 or 190. So either above 177 or near 152.
There will be absolute volatility as Fed's Hawkish stand. Best place to invest will be India more than US. Regarding Alphabet. If I was you I would wait for it to cool down till 2646-2655 levels Or You can buy after it gives a break out above 3037 levels. Right now it will stay range bound and keep fluctuating with action of FED. If important support level of...
Nifty has today so far given a very good candle having rejected today's bottom at 17427 with ease. Closing above 17627 today is key for rallying further towards 17800. Supports on the down side are at 17500 and 17316.
Sometimes if may test your patience but eventually in most cases target will be hit. Today GNFC CMP 515.55 closed above the target given in November. GNFC was first given last year near 269 levels. GNFC today made a peak of 535. If it manages to cross 535. GNFC can go towards 555/561 levels. Consider 490 as new trailing stop loss.
BOB CMP 112.85 was given in October at 87.45 a revival was predicted today all targets are done as BOB reached a peak of 117.2 today. November 9th to February 7th Less than 3 months Returns 34%💥💥💥💥. Revivals do happen even in not so Bullish market environment. 2022 will be all about patience. Every year stocks will not run wild. Even in 50 over cricket there is...
Gold again looks bold. Above both major daily EMA supports. Next resistances will be 1829-1833 range. Crossing 1833 Gold can travel to 1849 levels. Crossing and closing above 1849 will take gold to 1869 levels. Supports on the lower side are 1808 and 1801.
Bitcoin is giving a Break out but three major resistances levels will be 44571, 46908 and 50845. Closing above 50845 will be brilliant for the crypto and then it can travel to 52983. Supports on the lower side will be 42734, 41240 and 39936.
Nifty witnessed a massive fall of 302 points amidst sell off by DII today. While FII is sell side from more than couple of months now. Net sell of FIIs was Rs-1157.23 Crores and net sell of DIIs today was Rs -1376.49 Crores. DIIs seem to be giving up amidst selling pressure by FIIs. Global uncertainty related to Russia, Central Banks of various countries taking a...
Nifty was going well till it met resistance as expected near 17794 zone where it made this week’s high. In order to surpass the zone and go towards 18K+ Nifty needs to close above 17627 conclusively which is immediate resistance. Other important resistance being the zone near 17800 and 17903. Supports on the lower side will be 17257, 16838 major support on the...
Even DIIs booked some profit today. Also it was weekly expiry. Tomorrow will be a key day for the rally to continue NIFTY is exactly and very rarely at 50 days EMA support of 17560...As it was mentioned in this tweet here. (The support level of 17555 was given last night). Nifty has to close above this tomorrow to take the momentum to the next week.....
Nifty is looking powerful but heading towards the resistance zone. Resistance here is likely at 17813, 17927 and very strong resistance of 17974 before it can crack 18K once again. FIIs are still not convinced as of today and were net sellers but are taking new positions. DIIs are unstoppable and are net buyers even in Frist 2 days of February. Support on the...
