amritamashar

amritamashar

Nifty is systematically trading within range of shown trend channel. 16100 below I am expecting to price towards 15800. RSI is indicating divergence pattern is forming and its indicating bottom out range. Sharp recovery can be possible if price sustained above 16200 mark. Overall range 16100-16400 for now

amritamashar Updated 

Nifty View The following 2-3 sessions are expected to be turbulent, with a wide range of 17137-16643. (4th May High and low Range). Either range breakthrough can provide insight into the trend for the days ahead. Following levels to watch Support zone : 16778, 16608, 16253 Resistance zone : 16964, 17092, 17183

amritamashar

As per last week outlook, Nifty has touched the level given 16600 in this week after breaking the crucial support zone of 16800. In the given chart, it is shown that Nifty is trading in given trend channel which has taken support on yesterday's session at 16400. Nifty is trading in a small range also which is indicating that once price will break 16500 the small...

amritamashar

BankNifty's View For the coming week, Banknifty is expected to trade in a range of 36600 - 35100. Banknifty will remain range bound as long as it trades within the stated trend channel, indicating that the trend channel will act as a support and resistance for the coming week. Once the Banknifty begins to rise above give range than , it has the ability to reach...

amritamashar

Last week's column ended with this warning shot: if Nifty cannot break above the crucial level of 17850 on the upside, a big drop is on the way. In yesterday's collapse, Nifty also broke the critical multi-week support level of 17250, indicating that upside will be limited in the coming days.

amritamashar

The weekly forecast is a little hazy, as prices have been trading in a range of 67300 - 65800 for the past three trading sessions. On the daily chart, the RSI is indicating negative divergence, which could limit the upside rise shown in above chart. Above 67400, further upside is possible, maybe leading to 68800 levels. On the other hand, failure to breach the...

amritamashar

Nifty Head and shoulder break out. Expected target 8200-8100... Break out levels.

amritamashar

Intraday - Hammer Formation in Nifty 15 Min Chart. INTRADAY : NIFTY JAN FUT SELL 10709 SL 10734 TGT 10670

amritamashar

Taken Support at 61.8 Fibbo Retracment levels.

amritamashar

Looks Positive with stoploss of 60. Expecting price movement of 165

amritamashar

CrudeOil inverse head and shoulder breakout

amritamashar

Nifty has formed head and shoulder pattern and it is expected to fall towards 7500 in coming days. Prices also face strong resistance above 7990 which was fibonacci retracement level. Break out towards downside likely to drag prices to lower levels.