Gold will face resistance at upper channel line and first & second support zones 1910/25, 1875/90
ITC may taken support from these levels shorter term recovery if trades above 444
looks shorter term bearish cheek selling pattern on every raise , on hourly time frame
ITS Look short term bearish , only trend reverse one close above trend line .
BANK NIFT in consolidation zone (no trade zone now) based on 30 min time frame . Monday is momentum day if break either way.
Friday formed DOJI Candle with high delivery volumes , indicate the selling halt , it may reverse or some short covering on Monday . Monday closing is very important .
Major support @ 1910 / 1900 , close blow this level on closing basic ,showing more weakness in gold
if first hour (tomorrow) not trade below 440 , trade above 444 . we can see buying opportunities.
Nifty two days range 19300 /19500 , if open above 19500, nifty range to be 19450 to 19700
today taken support from 555 double bottom formation , next target 574/76
its trading falling wedge pattern, taking support at 420/435. resistance at 475/480
SBIN now trading at trendline support , if it break in EOD 565 levels expect anther 5% correction general correction for these levels 10 to 15 % from high. now already correct nearly 10%.
Formation of Doji in weekly chart and triangular pattern break out AT PRICE LEVEL 17.55 SUPPORTING area 15.5,16/16.5 . Showing strength long term
GOLD can turn bullish @ 1920 /1930 levels , CAN INVEST 2/3 POINTS ? major trend line résistance is black LINE
Nifty next week range 19300 to 19650 , selling pressure from FII , Monday close is more important.
ITC , Support and resistance levels 435 plus or minus 1% is first strong support area
Next week should hold 565 , closes below its bearish, above close 580 in Monday its bullish, major resistance on Monday 580,582.
Sbi closes first 15 min candle above 578 on Monday , entry , target 584/ 585, next target 590/592