iSauravKr

iSauravKr Jun 5, 2020

TVC:USOIL With Global Markets turning positive, CRUDE OIL is also showing great recovery since it's slump. Currently, it is trading in the gap range it formed during the crash. Gaps act as support and resistance and tend to get filled. My view is that we can see CRUDE OIL move up to $41 level where it will face some heavy resistance. If global markets remain...

iSauravKr Updated  Jun 2, 2020

NSE:NIFTY Since the recent breakout from 9000-9150 zone, Nifty has started to look quite bullish. We have seen 3 days of constant bullish moves in Nifty and it is currently at the 9580 level. This level has acted as resistance earlier but Nifty got rejected one day after crossing this zone. Nifty is going to re-test this zone again and a break out from the it...

iSauravKr Updated  Jun 2, 2020

TVC:USOIL Crude oil has broken out of the $34.5 level (which has been acting as resistance for approximately the past 10 days) with good buy volume. We can see a good up side rally in the next few hours/days and the next important level to watch out for would be the $36 as resistance. There was a huge price gap created between the $36 and $41 when CRUDEOIL...

iSauravKr Updated  May 28, 2020

NSE:NIFTY Nifty is stuck between 9150 and 9000 level from the past two trading sessions. We have tested both the level quite a few number of times and both would have become weaker by now. A strong break out and close from either of those levels would help give future market direction. Currently, the bias is towards the short side as every rally has been...

iSauravKr May 24, 2020

NSE:RELIANCE Reliance has been moving down with mostly red candles at daily since it's all time high. Currently, it is at 0.786 region of fib and if it starts to head higher from there, that can be very bullish but such an event is quite less probable. Chances are that it may want to come and retest 1350-1300 region (if 1400 breaks) which coincides with a...

iSauravKr May 22, 2020

NSE:BANKNIFTY BankNifty is testing it's weekly low support zone it formed since the crash in February. If this level breaks, then we can see a major downside and currently there are no bullish reasons which can help the market move up. We can also expect a dead cat bounce given that BankNifty has made three weekly red candles in a row, but after that we can...

iSauravKr Updated  May 22, 2020

NSE:NIFTY Nifty has broken out of the falling wedge pattern and has broken the 9000 resistance. There can be retest of support of 9000 coming in the next few days which would be a crucial point so as to decide further market direction. We have seen a bounce already that i discussed about few posts back, and now i am expecting a sideways to small up-rally market...

iSauravKr May 20, 2020

NSE:NIFTY Nifty has tested as lows 8800 level and has bounced back to 9090 today. Today, we have close comfortably above the 9000 level and the next immediate zone of resistance is - 9100 to 9150 . This is the first big green candle we have seen in the past more than 2 weeks. If market is inherently weak then we should see a sell off soon but if we do not fall...

iSauravKr Updated  May 19, 2020

SGX Nifty SGX Nifty is currently forming a Broadening descending formation. Looking at the pattern, it looks like the bears are taking control of the market with bigger red candles than green ones. With less than 12 hours to SGX open, it would interesting to watch how the pattern plays out and how it affects the Indian NSE:NIFTY on NSE open. I am expecting a...

iSauravKr May 19, 2020

NSE:NIFTY As pointed out in previous posts, Nifty was looking quite bearish and has finally broken the 9000 level as well as the 8900 support level and closed below them in the previous two sessions. Even a positive news of Corona vaccine was not good enough to drive the market up and meanwhile DOW has recovered close to 7% since the 14 May lows. This shows a...

iSauravKr May 16, 2020

CURRENCYCOM:US30 The DOW is has currently entered a downtrend after getting rejected from 24900 region and has also broken the important 0.5 fib level. We will have to see how it reacts if it tries get back up from the 0.5 fib level, but as of now things have started to go towards being bearish. DOW is trading in a downward channel channel and making a series...

iSauravKr May 15, 2020

NSE:NIFTY & NSE:BANKNIFTY Since the break of trend-line (shown in the chart) Nifty and BankNifty have headed lower. The government tried stepping in to save the market with it's stimulus package and other things, but in-spite all the efforts the markets were not able recover as wanted. For both, Nifty and BankNifty, we have seen 8 out of 10 red days and the...

iSauravKr May 13, 2020

NSE:NIFTY & NSE:BANKNIFTY LONG Well, there should be no surprises that there is a very high probability that we are going to see an UPSIDE Trending day for Nifty , BankNifty and most of the stocks in NSE given the stimulus package of $266 Billion (20 Lakh Crore - INR) declared by the Indian government last night. Since then, SGX Nifty rallied more than...

iSauravKr May 9, 2020

Nifty has struggled to cross the 0.5 fib level and for the most part has hovered around the 0.32 fib level. In the same time Dow Jones (US30) has been comfortably above the 0.5 level and is heading higher after retest of the 0.5 level. This could indicate that Nifty is weaker as compared to Dow and if the Dow starts to fall again, then we would see a even sharper...