Nifty 50 india unable cross 25100 ...might be heading to 19100 or 16300 worst case... Avoid adding to new stocks...keep 24000 as stop loss for existing portfolio... Feeling wave IV started in Nifty 50...
US OIL likely bottom around 52 Dollars ... it is almost there... 2.0 retracement around 52 is target expected for US OIL .. The wave chart clearly shows crude oil respected .764 resistance and started correction... now it is almost final move towards 52...
BTCUSD sell on rise targeting 47K to 48K ...if this wave 2... can test 35K to 38... however we have very good support around 48K and possibly might good level to re enter...
SPX will be in range 4400 to 3990 ... Wave 3 for SPX is accelarting will found support around 4230 to 4270 and bounce 100 points and then target 4050 to 3990... in upcoming weeks and months
silver buy in the range 21.8 to 22.5.. stop loss 21.5 .. May not go below 21.8/22.... for a possible target of 27 to 30 dollars.. Silver has been respecting support trend line last three times...hence feels it will respect again
USOIL to correct to 77 to 78 and then rally to 87 to 89 .. After short term wave 4 correction.. Crude to rally to 87 to 89 ... even if there is no correction. if no correction book profit around 87 dollars... and Wave 5 down may start after that target 50 to 52 dollars.
Silver Spot sell on raise to continue... might see 21.68 21.22 and might bottom between 20.00 to 20.45...
BTCUSD to be in range 29000 to 27000 first. Seems to be forming H & S and might target 23K in few weeks or months.. if 50 day average 27K can hold can break 31K then 33800 is possible
NDX short term sell looking for 14085 support as target .. Feeling wave 4 is in progress... bottom could be between 13600 to 14100... Please be cautious on short term correction due to Wave 4. Sentiment is also overly bullish... NDX short first target 14100
NDX correction to complete around 14400 to 14600 level .. Corrective wave of NDX is expected to complete around 14400 to 14600 level.. 20 week support is around 14400 is also good support for reversal... This is level we need to look to reload for another rally
NIFTY 50 needs to hold 19100 next week short term for short term trader ... Nifty is looking to completing correction wave C ...which i believe will hold and next target Nifty 20450 to 20500 Investors dont worry as long as 18600 holds...
NDX if it holds 11500 still 13400 to 13700 is possible... Last week 200 dma was held for 11900... i would give benefit of doubt till 11500 for the rally to continue.. i feels bonds yields may not rally much... not sure what fundamentally causes this... All these sell off is based on bond yields.. but below 11500 i will take stop loss and reduce risk...as...
crude oil buy on dips short term ...Looks like buy zone near 67.2 to 67.75 and third wave will take us to 77.35 to 78.2 range.. i would not be surprised if Crude rallies to 88 in few months.. but for now lets focus on Short term.
Sell crude oil below 70 for target of 58 .. Since Dec 1st 2022 ...it is in range between 83.32 to 70.10.... If unable to break the range will continue.... 56.82 to 57.5 seems to final bottom if any further downside is left... pure technical call... Fundamental is good..
As long as 1000 holds.. Chance of Wave B retracement is in progress...targeting 3000 .. first 2200... Keep tight stop at around 1000 ..
As long recent low holds in BTC looking for target 28200 stop loss 15400.. Still Wave C downtrend in progress.. C of IV is what u will help to reach .764 retracement target of 28200
Sell DXY stop loss 113 target 105.5 ..looks c wave correction will start any moment once the consolidation is over...
US oil is looking like that it is starting 3rd wave and first lets focus on short term target of 99 ... Daily close above 94 will confirm with this target becomes real. if unable to close above 94 on daily close.. Please avoid this trade.