ersaravana

ersaravana

With double bottom formation and confirmation on the pattern. We can expect a positive bias. Once the resistance of 6662 is broken can expect a moment upto 6900 levels. Support at 6150 and resistance at 6400 & 6662 levels.

ersaravana

Based on the exit poll results it looks like Nifty has got all the possibility to retest the levels of 23100 on Monday i.e. 03-06-2024 in the opening itself. Adding on to this Nifty will close at all time high in the uncharted territory with the fuel getting added on 04-06-2024. In case of any surprises on the "D" Day can result nifty to move +/-10%. levels.

ersaravana

Nifty has a short term support at 18166 and resistance at 18250.

ersaravana

Bank nifty has decisively broken out below 39000. The 30 min chart clearly shows near term downtrend in Bank Nifty. It has got multiple supports @38500 & 38000.

ersaravana

The trend shows there will a correction before it moves forward. Before any big move there will be testing in the form of Doji candle which is marked as star. If note the first star in starting of 2021 the volume of shares is less than the moving average line. But the 2nd one which has recently formed have high volume i.e. volume above moving average. There will...

ersaravana

Tata steel has posted fantastic quarter results. Stock has got support at 1200. Clear break out needed with volume to take stock further upward. Any breakdown below 1200 shall test 200 MA I.e. 1100.