IshanMathur05

IshanMathur05

Nifty Bank is looking uncertain for the upcoming week. We can expect it to remain volatile . We need to be cautious while chasing upside as 49887 is still a resistance for Bank Nifty. Up on crossing and sustaining above 49887, we can expect some short covering up to levels of 52150-52475. Upon breach of 48829, we can expect Bank Nifty to slip on the downside, up...

IshanMathur05 Updated 

Bajaj Finance is currently exhibiting promising performance on the charts, trading at 6465. We anticipate significant upside potential as it surpasses and maintains a position above 6700, potentially reaching 7800-8300. However, if it breaches 6257, it may test crucial short-covering levels, as outlined below: 1. - 5994 2. - 5701 3. - 5380

IshanMathur05

MASTEK is looking positive on charts , and once it crosses and sustains above 2691, then it can go up to 3475-3661. And on the downside, if it slips further, then the important support range on the downside would be 2315-2128. And levels for short covering on the downside to look for would be 1924. Also, keep an eye on imp short covering levels, which are less...

IshanMathur05

Banknifty is looking uncertain. The downside risk is still open, and the range of 47600-100 will be crucial for short covering. And on the upside, 48900 will be a very important level for upside in Banknifty. Once Banknifty crosses and sustains above 48900, then it can go upto 49600-700. Although I expect banknifty to close in green on weekly basis .

IshanMathur05

Nifty is expected to remain highly volatile in the upcoming week due to multi-event and news flow week. On a weekly basis, my view remains that if Nifty tests any imp short covering level, then we can expect strong short covering making Nifty close in green on a weekly basis. Imp short covering levels on the downside are: 1.)22803 2.)22460 3.)22338 All levels...

IshanMathur05

ICICI Bank is looking interesting, and while it can fall up to levels of 1162-1080, which will make this stock extremely reasonable in the short term , however, if it crosses and sustains above 1260, it can give upside up to 1400-1440 in the short term. NOT A BUY/SELL RECOMMENDATION.

IshanMathur05

Indigo is looking reasonable, and from here on, if it gives a downside, it would become a good candidate for upside in the short to medium term . An important range to watch on the downside would be 3912-2740. We can expect a trend reversal if it crosses and sustains above 4400, and it can go up to its previous highs of 4935-5050. All levels are marked in the chart posted.

IshanMathur05


Bharat Forge appears to be showing signs of recovery, and in the short to mid-term, we can anticipate a positive turnaround. A potential downside range for accumulation would be 1133-1023. Once the price crosses and sustains above 1344, it has the potential to rise to 1550-1670 or higher. All relevant levels are indicated in the chart provided.

IshanMathur05

Nifty is looking weak. Any short covering would become a sell-on-rise scenario for bears unless Nifty crosses and sustains above 23470. On the downside, if Nifty breaches 22750, then it would be testing imp levels of 22630-22300. All levels are marked in the chart posted.

IshanMathur05

Nifty bank is looking weak and we can expect it to fall up to 46850-550 upon breaching 47433; otherwise, it can remain range-bound. A level to watch for strong upside would be 49204; before that, no confirmed upside.

IshanMathur05

Nifty bank is approaching imp levels which may trigger short covering in the upcoming week. Imp levels to watch on downside for strong short covering are 47755-47401. And important support levels on the downside which can also trigger short covering are 48500-48200 . Sell on rise setup will work if banknifty gives upside straight away before it surpasses and...

IshanMathur05

Nifty is looking uncertain. The downside is open, but right now it looks like we might witness short covering before any big fall. But nothing looks clear. Levels will decide the market mood. Expecting strong short covering if Nifty falls up to 22850-700. And for definite upside, Nifty must cross and sustain above 23850-24050. All levels are marked in chart posted.

IshanMathur05

Nifty is crucial. Upside looks tough, but if Nifty sustains above 24289, then we can expect solid upside up to 24480-24700. If Nifty breaches 23800, then again it can retrace upto 23400-300 levels. All levels are marked in the chart posted.

IshanMathur05

Banknifty is looking crucial. Now , if it doesn’t give upside, then it can fall up to 49100. Imp levels on the downside for a probable short covering are 50600, and if we breach this level, then 49100 will be the imp level for bulls. For upside, 51580 will be the imp level, and if we cross this level, this strong upside is expected. All levels are marked in the...

IshanMathur05

The Dow Jones Industrial Average is currently exhibiting a bullish trend, with no significant negative catalysts evident on the charts at present. While the upcoming quarter may experience volatility, a sustained breach above 44,525 could propel the index to 45,467-46,000. Conversely, the downside risk remains open to 40,827-500. However, the current view will be...

IshanMathur05

**Bitcoin Analysis** Bitcoin is anticipated to experience significant volatility throughout the year, resulting in substantial price fluctuations. Potential downside scenarios include a decline to a level of approximately 58,697, if it falls below the support range of 81,938 to 74,675. Conversely, a...

IshanMathur05

**Silver Analysis:** Silver is anticipated to outperform in the current year. We anticipate its price to reach levels between 50 and 55. Once silver surpasses and maintains a position above 37, it presents a substantial upside potential. Conversely, the downside risk appears limited. However, if silver...

IshanMathur05

**Midcap Analysis** The midcap index is anticipated to experience significant volatility throughout the year. Should it surpass 61171, we anticipate highs of 68000-69400. Conversely, if it falls below the range of 55883-53035, key short covering levels will be established at 1.)49871, 2.)46323, and 3.)42500. These levels are indicated in the attached chart.