nishant.bali.12

nishant.bali.12

RIL played a big role in providing support to overall benchmark Indices . But now we assume , RIL is loosing its stream and that can we witnessed with a divergence in RSI and MACD. Interesting, RSI is trading at its crucial trendline resistance of 1932 levels. Hence we assume RIL may halt for some time at this level with below crucial support of 1880 & 1849...

nishant.bali.12

As can be seen , Sunpharma is forming a perfect Climax Buying picture. A climatic price is perfectly backed by the rising volume that too near its resistance. Price trading near its crucial resistance of 481 levels. For the better confirmation we will wait for the negative candle . Assume fall till 430 -420 levels in the coming sessions . Above analysis is...

nishant.bali.12

We tried to gauge the USDINR based on the World's most tradable currency i.e EURUSD . Below are the following reasons (1) EURUSD trading near its rock solid weekly support of 1.0746 i.e forming a falling wedge (2) Below RSI is trading at its monthly support levels (3) USDINR is facing a stiff resistance at rising resistance line near 76.32 levels. (4) We assume a...

nishant.bali.12

Long term Super cycle degree We are projecting the Nifty move since 2015 when it was 7000 marks . So far the EW turned out to be perfect. 11600 level was projected one year back with the help of EW . Below chart is the evidence for the same. As per the primary degree we assume 11300 is a level which needs to pierced for the next cyclical degree target of...

nishant.bali.12

Currently crude trading near its rock solid support area, why this area is very crucial? .50 fib level of Cyclical A-B wave, 1.382 of intermediate i and ii, 1.382 of XA , CD= 2x of AB and also prices forming corrective flat ABC structure, where AB = BC. We assume WTI might rise till 85.50, which is also resistance of a prolonged falling trendline. If price...

nishant.bali.12

Gold is yet not our of the woods. Currently, price forming a 4th primary degree reactionary wave ,as per the rule of Alternation. We assume "e" wave withing the 4th wave might complete at $1350-1370 levels. And post that fall is expected till 1040 which would 5th primary impulsive wave. Why $1040 is an important level because its the bottom of the 4thlarge...

nishant.bali.12

Yen carry trade created an havoc for the bullion prices and boon for the equity markets. As seen , there is a very close relationship between the USDJPY and DJIA and inverse with the Gold. Interestingly, USDJPY has pierced Diamond top pattern and also witnessing a divergence. As seen USDJPY is making lower high and the same is followed by the Gold price which...